110 GROUP
ActiveSummary
The computed 12-month bankruptcy probability of 110 GROUP is 5.7% (elevated). The 2024 annual accounts show equity of €18,277 and a net result of €8,947. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 44% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-09-2020 Normal situation
- Registered office
- 477 active companies are registered at this address 55 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Plumbing work NACE 43221and 7 others
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.7%
- Gross margin
- €19,172
- ▲ 15.4%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €8,947
- ▼ 13.7%
- Equity
- €18,277
- ▲ 95.9%
- Total assets
- €44,047
- ▼ 29.9%
- 2025 accounts not filed, 94 days past the deadline
Score breakdownraises riskFigures for financial year 2024 (filed on 16-09-2025)1 financial year not filed after the legal deadline; last filed accounts filed 47 days late; 3 of the last 3 accounts lateNo registered site in the KBOlowers riskLiquidity: current ratio 1.06, cash €23,749, halvedShow the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 44% of them on solvency, 68% on liquidity, 80% on profitability and 91% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 117 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 2 November 2026.
Annual accounts 2024 filed on 16-09-2025 PDF all 4 filings
2021 to 2024, 4 financial years
The operating result for 2024 is 5% higher than in 2023 and the highest since 2021. It is the second rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €8,333 | - |
| Other operating charges640/8 | - | €2,053 | €7,361 | €1,075 | ▼ 85.4% |
| Gross operating margin9900 | €298 | €982 | €16,618 | €19,172 | ▲ 15.4% |
| Operating profit (loss)9901 | €298 | -€1,071 | €9,258 | €9,764 | ▲ 5.5% |
| Financial income75/76B | - | - | €1,616 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €1,616 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | - | €506 | €817 | ▲ 61.3% |
| Recurring financial charges65 | - | - | €506 | €817 | ▲ 61.3% |
| Profit (loss) for the period before taxes9903 | €298 | -€1,071 | €10,367 | €8,947 | ▼ 13.7% |
| Profit (loss) for the period9904 | €298 | -€1,071 | €10,367 | €8,947 | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | €298 | -€1,071 | €10,367 | €8,947 | ▼ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,745 | €19,619 | €62,809 | €44,047 | ▼ 29.9% |
| Fixed assets21/28 | - | - | - | €16,667 | - |
| Tangible fixed assets22/27 | - | - | - | €16,667 | - |
| Furniture and vehicles24 | - | - | - | €16,667 | - |
| Current assets29/58 | €19,745 | €19,619 | €62,809 | €27,381 | ▼ 56.4% |
| Amounts receivable within one year40/41 | €2,974 | €11,494 | €3,973 | €3,632 | ▼ 8.6% |
| Trade receivables40 | €164 | - | €1,450 | €1,880 | ▲ 29.7% |
| Other amounts receivable41 | €2,810 | €11,494 | €2,523 | €1,752 | ▼ 30.6% |
| Cash at bank and in hand54/58 | €16,772 | €8,125 | €58,836 | €23,749 | ▼ 59.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,745 | €19,619 | €62,809 | €44,047 | ▼ 29.9% |
| Equity10/15 | €298 | -€1,137 | €9,330 | €18,277 | ▲ 95.9% |
| Profit (loss) carried forward14 | €298 | -€1,137 | €9,330 | €18,277 | ▲ 95.9% |
| Amounts payable17/49 | €19,447 | €20,756 | €53,480 | €25,771 | ▼ 51.8% |
| Amounts payable within one year42/48 | €19,447 | €20,756 | €53,480 | €25,771 | ▼ 51.8% |
| Trade debts44 | €3,294 | €4,603 | €37,326 | €5,315 | ▼ 85.8% |
| Suppliers440/4 | €3,294 | €4,603 | €37,326 | €5,315 | ▼ 85.8% |
| Taxes, remuneration and social security45 | €406 | €406 | €406 | €221 | ▼ 45.5% |
| Taxes450/3 | €406 | €406 | €406 | €221 | ▼ 45.5% |
| Other amounts payable47/48 | €15,748 | €15,748 | €15,748 | €20,235 | ▲ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €298 | -€1,071 | €10,367 | €8,947 | ▼ 13.7% |
| + Depreciation and write-downs630 | - | - | - | €8,333 | - |
| Operating cash flow (approximation) | €298 | -€1,071 | €10,367 | €17,280 | ▲ 66.7% |
| Change in cash | - | -€8,647 | €50,712 | -€35,088 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as 110 GROUP has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 110 GROUP itself is higher: 5.7% within 12 months. It rests on far more data about 110 GROUP than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for 110 GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0753.977.832
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22662B0387/00R004 | Flanders | 147 m² | 1 · 144 m² | 14.9 m · 4 |