118
The file of 118 contains 2 judicial reorganisations, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is ≥ 25% (high). The 2025 annual accounts show negative equity (€-227k) and a net result of €-139k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 169 sector peers (fiscal year 2025).
| Equity | €-227k |
| Net result | €-139k |
| Better than sector | 9% |
| Active | 5 yrs |
Fragile profile — watch health in particular.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -97.3% | 28.6% | |
| Net result | €-139k | €10k | |
| Equity | €-227k | €21k | |
| Gross operating margin | €-37k | €60k | |
| Staff costs | €45k | €61k |
| Fiscal year | 2025 |
|---|---|
| Revenue | — |
| EBITDA | €-103k |
| Net profit | €-139k |
| Cash flow | €-108k |
| Staff costs | €45k |
| Income taxes | €291 |
| Dividends | — |
| Total assets | €233k |
| Equity | €-227k |
| Debt | €461k |
| of which ≤ 1y | €461k |
| of which > 1y | — |
| Working capital | €-432k |
| Employees (FTE) | — |
| 2025 | |
|---|---|
| Current ratio | 0.06 |
| Quick ratio | 0.06 |
| Working capital ratio | -185.1% |
| Solvency | -97.3% |
| Debt / equity | -2.03 |
| Long-term debt ratio | — |
| Interest coverage | -24.04 |
| Gross margin | — |
| Net margin | — |
| ROA | -59.6% |
| ROE | 61.2% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €233k |
| Fixed assets | 21/28 | €205k |
| Tangible fixed assets | 22/27 | €205k |
| Current assets | 29/58 | €28k |
| Amounts receivable within one year | 40/41 | €27k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €233k |
| Equity | 10/15 | €-227k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €65k |
| Accumulated profits (losses) | 14 | €-312k |
| Amounts payable | 17/49 | €461k |
| Amounts payable within one year | 42/48 | €461k |
| Trade debts payable within one year | 44 | €167k |
| Income statement | ||
| Gross operating margin | 9900 | €-37k |
| Operating result | 9901 | €-135k |
| Financial income | 75 | €60 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-139k |
| Income taxes | 67/77 | €291 |
| Net result for the period | 9904 | €-139k |
| Result to be appropriated | 9905 | €-139k |
-
JUSTHIBLegal entityLiquidator· perm. rep.: SCHRUERS Patrick Gilberte Ferdinand Marie GhislainState Gazette act 25139361 (31-10-2025)Current31-10-2025 → present
Former directors (1)
-
Former— → 31-10-2025
| NACE primary | Food & beverage service(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 07-12-2020 |
| Status | Active |
| Postal code | 3500 |
| First BS signal | 14-11-2022 |
| Latest BS signal | 07-02-2023 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1050/00A000 | Flanders | 223 m² | 1 · 129 m² | 17.4 m · 4 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
31-10-2025 1 director appointed, 1 resigning
- JUSTHIB — Vereffenaar
- SNYKERS Laurens Lode Guy — Bestuurder
Technical details
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"evidence_quote": "De vergadering keurt de aanstelling van voornoemde meester SCHRUERS Patrick als vaste vertegenwoordiger van de besloten vennootschap JUSTHIB goed.",
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{
"kind": "substantive_delegation",
"role": "notaris",
"person": {
"rrn": null,
"name": "Herbert HOUBEN",
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"evidence_quote": "De vergadering verieent volmacht aan de ondergetekende notaris om voor zover als nodig de co\u00F6rdinatie van de statuten op te maken en de neerlegging van de stukken in het vennootschapsdossier te verzorgen.",
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"act_meta": {
"language": "nl",
"pub_date": "2025-10-31",
"filing_date": "2025-09-09",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
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"date": "2025-09-11",
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{
"body": "algemene_vergadering",
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},
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2025-09-11",
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},
{
"body": "algemene_vergadering",
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{
"body": "algemene_vergadering",
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],
"is_correction": false,
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"name_full": "118 BV",
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"co_filed_documents": [
"expeditie",
"verslag bedrijfsrevisor",
"verslag bestuursorgaan"
],
"corrected_publication_numac": null
}31-10-2025 Dissolution with immediate closure of the liquidation
Technical details
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},
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"firm_kbo": "0453.107.685",
"firm_name": "Mercken Bedrijfsrevisoren BV",
"conclusion": "with_reserve",
"ibr_number": "BE0453107685",
"person_name": "Maarten Desmet"
},
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},
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},
"end_event": {
"reason": "vrijwillige ontbinding",
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"3.12.3.0.5",
"2:71",
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"silent_merger": null,
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],
"real_estate_transferred": [],
"shareholder_loan_settled": null,
"financials_at_dissolution": {
"equity_eur": -231369.28,
"reported_at": "2025-06-30",
"net_equity_sign": "negative",
"continuity_basis": "discontinuity",
"net_position_eur": null,
"balance_total_eur": 115243.07
},
"distribution_to_shareholders": null
}31-10-2025 Dissolution of the company
Technical details
{
"events": [
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"kind": "ontbinding",
"liquidators": [
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"name": "JUSTHIB",
"role": "vereffenaar"
}
],
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},
{
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"kind": "invereffeningstelling",
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{
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}
],
"evidence_quote": "stelt haar in vereffening te rekenen vanaf heden"
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"final_status": "in_vereffening",
"subject_company": {
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}
}31-10-2025 1 director appointed, 1 resigning
- SCHRUERS Patrick Gilberte Ferdinand Marie Ghislain — Vereffenaar
- SNYKERS Laurens Lode Guy — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SNYKERS Laurens Lode Guy",
"address": null,
"birth_date": null
},
"evidence_quote": "De algemene vergadering neemt kennis van het feit dat ingevolge het besluit tot ontbinding de enige bestuurder van rechtswege ontslagnemend is, te weten: de heer SNYKERS Laurens Lode Guy Lode Guy, [*], wonende te 3500 Hasselt, Kapelstraat 51. De algemene vergadering beslist kwijting te verlenen aan ",
"discharge_granted": true
},
{
"kind": "director_in",
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},
"via_org": {
"kbo": "0870863624",
"name": "JUSTHIB",
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"country": null,
"legal_form": null
},
"evidence_quote": "De algemene vergadering besluit om te benoemen tot vereffenaar: de besloten vennootschap JUSTHIB, met zetel te 3724 Hasselt (Vliermaal), Overbeekstraat 46, ingeschreven in het rechtspersonenregister van de ondernemingsrechtbank Antwerpen, afdeling Hasselt onder het ondernemingsnummer 0870.863.624, g"
}
],
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},
"subject_company": {
"kbo": "0759.489.907",
"name_full": "118",
"legal_form": "BV"
}
}09-12-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "3500 Hasselt, Kapelstraat 51 bus 1",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
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"kind": "natural_person",
"person": {
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"name": "SNYKERS Laurens Lode Guy",
"niss": null,
"address": "3724 Kortessem (Vliermaal), Loostraat 28"
},
"share_class": "Aandelen",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 20000,
"holder_person_name": "SNYKERS Laurens Lode Guy",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 20000,
"is_anonymous_silent_partner": false
}
],
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"subject_company": {
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"name_full": "118",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-12-04",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | 118 |