Financials
- Fiscal year
- 2025
- Turnover
- €4,000
- Loss
- -€3,087
- Solvency
- -724.4%
Turnover▼ 52.1%
Net result
20192025
100 % MUST
ActiveSummary
The computed 12-month bankruptcy probability of 100 % MUST is 6.5% (elevated). The 2025 annual accounts show negative equity (-€98,661) and a net result of -€3,087. Equity is shrinking by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 9986 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Overview
Activity
Property management for co-owned buildings (syndics)
NACE 68321Real estate appraisal on a fee or contract basis NACE 68322
1 site
Size
€4,000turnover 2025
- Equity
- -€98,661
- Loss
- -€3,087
Structure
Accounts filed 222 d late0 of 2 deeds read
Why 33- Latest accounts 223 days late; 3 of the last 3 late- Ex-officio strike-off in the KBO- Loss of €3,087, the second in a row (FY 2025)+ Size: turnover €4,000, total assets €13,620Show the evidence
Checked score
Score 2025
33
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 9% of its sector peers (NACE 68, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -724.4% of total assets
Liquidity
2-3
short-term debt 824.4% · cash 1.6%
Profitability
0=
return on assets -22.7%
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 5.9%lowest value
08-2025: 5.9%● 0.0% vs 07-2025lowest value
09-2025: 5.9%● 0.0% vs 08-2025lowest value
10-2025: 5.9%● 0.0% vs 09-2025lowest value
11-2025: 5.9%● 0.0% vs 10-2025lowest value
12-2025: 5.9%● 0.0% vs 11-2025lowest value
01-2026: 5.9%● 0.0% vs 12-2025lowest value
02-2026: 5.9%● 0.0% vs 01-2026lowest value
03-2026: 5.9%● 0.0% vs 02-2026lowest value
04-2026: 5.9%● 0.0% vs 03-2026lowest value
05-2026: 10.7%▲ +79.9% vs 04-2026highest value
06-2026: 10.7%● 0.0% vs 05-2026highest value
07-2026: 10.7%● 0.0% vs 06-2026highest value
08-2026: 10.7%● 0.0% vs 07-2026highest value
09-2026: 10.7%● 0.0% vs 08-2026highest value
10-2026: 6.5%▼ -39.4% vs 09-2026
- Latest accounts 223 days late; 3 of the last 3 late raises the probability
- Size: turnover €4,000, total assets €13,620 lowers the probability for this profile
- Ex-officio strike-off in the KBO raises the probability
- Loss of €3,087, the second in a row (FY 2025) raises the probability
No credit on open account
Liquidity short (current ratio 0.11 against 0.12 in 2024; short-term debt: 824.4% and cash: 1.6% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, micro). Better than this share of them on solvency 5%, liquidity 5%, profitability 4%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€98,661
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-09-2026, 222 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
222 d late
2024
587 d late
2023
953 d late
2022
1318 d late
2021
28 d late
2020
393 d late
2019
191 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 527 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingStrikeout withdrawn
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 9 September (4 of the last 5 filed years within 559 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close02-10-2026 today31-01-2027 deadline
- Strikeout withdrawnevent 10-09-2026
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€98,661 View
- Risk: 7 loss-making years in a rowloss fiscal year 2025 -€3,087 View
- Caution: Latest accounts filed lateafter the legal deadline 222 d View
- Caution: Among the weakest 5% on solvencysector median 31.3% · 9,986 companies -724.4% View
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-01-2027
- 25-09-2026Strikeout withdrawn
- 10-09-2026Annual accounts filed
- 10-09-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Property management for co-owned buildings (syndics)NACE 68321
- Founded
- 20-06-2013
- Year ends
- 30-06
- Peppol
- Reachable for e-invoices
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