17 december
ActiveSummary
The annual accounts of 17 december for fiscal year 2025 show a net loss of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €85k and a net result of €-526k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 23% of 14128 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-6
Solvency27▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.24 against 0.36 in 2024; short-term debt: 8.7% and cash: 0.8% of total assets), and 97.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-526k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
73 d early
2023
70 d early
2022
81 d early
2021
57 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▼ 86.1%
2024 · €611k
2018: €567k
2019: €698k▲ +23.1% vs 2018
2020: €852k▲ +22.0% vs 2019
2021: €1.04M▲ +21.7% vs 2020
2022: €1.27M▲ +22.2% vs 2021highest in 8 years
2023: €976k▼ -22.9% vs 2022
2024: €611k▼ -37.4% vs 2023
2025: €85k▼ -86.1% vs 2024lowest in 8 years
2018 → 2025
Total assets
€3.67M▼ 2.2%
2024 · €3.75M
2018: €2.91M
2019: €2.82M▼ -3.1% vs 2018
2020: €2.79M▼ -1.1% vs 2019
2021: €2.78M▼ -0.5% vs 2020
2022: €2.62M▼ -5.5% vs 2021lowest in 8 years
2023: €2.85M▲ +8.7% vs 2022
2024: €3.75M▲ +31.6% vs 2023highest in 8 years
2025: €3.67M▼ -2.2% vs 2024
2018 → 2025
Net result
€-526k▼ 44.1%
2024 · €-365k
2018: €104k
2019: €131k▲ +26.5% vs 2018
2020: €154k▲ +17.3% vs 2019
2021: €184k▲ +19.9% vs 2020
2022: €230k▲ +24.8% vs 2021highest in 8 years
2023: €-291k▼ -226% vs 2022
2024: €-365k▼ -25.6% vs 2023
2025: €-526k▼ -44.1% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-242k▲ 16.7%
2024 · €-290k
2018: €-205k
2019: €-230k▼ -12.6% vs 2018
2020: €-217k▲ +5.9% vs 2019
2021: €-324k▼ -49.3% vs 2020lowest in 8 years
2022: €-241k▲ +25.5% vs 2021
2023: €-118k▲ +51.2% vs 2022highest in 8 years
2024: €-290k▼ -147% vs 2023
2025: €-242k▲ +16.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.04M-€1.27M▲ 22.2%€976k▼ 22.9%€611k▼ 37.4%€85k▼ 86.1%
2021: €1.04M
2022: €1.27M▲ +22.2% vs 2021highest in 5 years
2023: €976k▼ -22.9% vs 2022
2024: €611k▼ -37.4% vs 2023
2025: €85k▼ -86.1% vs 2024lowest in 5 years
Operating result€304k-€357k▲ 17.6%€-238k€-278k▼ 16.9%€-404k▼ 45.1%
2021: €304k
2022: €357k▲ +17.6% vs 2021highest in 5 years
2023: €-238k▼ -167% vs 2022
2024: €-278k▼ -16.9% vs 2023
2025: €-404k▼ -45.1% vs 2024lowest in 5 years
Net result€184k-€230k▲ 24.8%€-291k€-365k▼ 25.6%€-526k▼ 44.1%
2021: €184k
2022: €230k▲ +24.8% vs 2021highest in 5 years
2023: €-291k▼ -226% vs 2022
2024: €-365k▼ -25.6% vs 2023
2025: €-526k▼ -44.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €404k in 2025 against €278k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.66M
Fixed assets
€3.58M ▲ 0.1%
Current assets
€78k ▼ 51.7%
Equity and liabilities €3.67M
Equity
€85k ▼ 86.1%
Debt
€3.58M ▲ 14.1%
Debt's share of the balance-sheet total rises from 83.7% to 97.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-161k▼
2024 · €-124k
Cash flow
€-283k▼
2024 · €-210k
Current ratio
0.24▼
2024 · 0.36
Debt to equity
42.08▲
2024 · 5.14
ROE
-617.6%▼
2024 · -59.7%
ROA
-14.3%▼
2024 · -9.7%
Interest coverage
-1.32▲
2024 · -1.42
Debt ≤ 1 year
€320k▼
2024 · €452k
Debt > 1 year
€3.26M▲
2024 · €2.63M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.75M€3.67M▼
Formation expenses20€12k€9k▼
Fixed assets21/28€3.58M€3.58M▲
Tangible fixed assets22/27€3.58M€3.58M▲
Land and buildings22€3.56M€3.56M▼
Furniture and vehicles24€15k€25k▲
Current assets29/58€161k€78k▼
Amounts receivable within one year40/41€115k€32k▼
Trade receivables40€15k€32k▲
Other amounts receivable41€100k€365▼
Cash at bank and in hand54/58€25k€31k▲
Deferred charges and accrued income490/1€21k€15k▼
Equity and liabilities
Total equity and liabilities10/49€3.75M€3.67M▼
Equity10/15€611k€85k▼
Contributions10/11€270k€270k=
Capital10€270k€270k=
Issued capital100€270k€270k=
Reserves13€341k€27k▼
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Distributable reserves133€314k-
Profit (loss) carried forward14-€-212k
Amounts payable17/49€3.14M€3.58M▲
Amounts payable after more than one year17€2.63M€3.26M▲
Financial debts170/4€2.63M€3.26M▲
Amounts payable within one year42/48€452k€320k▼
Current portion of amounts payable after more than one year42€203k€203k=
Trade debts44€249k€116k▼
Suppliers440/4€249k€116k▼
Taxes, remuneration and social security45-€526
Taxes450/3-€526
Accrued charges and deferred income492/3€54k€6k▼
Income statement
Code20242025
Non-recurring operating income76A-€308
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€155k€242k▲
Other operating charges640/8€4k€21k▲
Non-recurring operating charges66A€109-
Gross operating margin9900€-119k€-140k▼
Operating profit (loss)9901€-278k€-404k▼
Financial income75/76B€200-
Recurring financial income75€200-
Financial charges65/66B€87k€122k▲
Recurring financial charges65€87k€122k▲
Profit (loss) for the period before taxes9903€-365k€-526k▼
Profit (loss) for the period9904€-365k€-526k▼
Profit (loss) for the period to be appropriated9905€-365k€-526k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-365k€-526k▼
Transfer from equity791/2€365k€314k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €308 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €104k | €106k | €120k | €155k | €242k | ▲ 56.8% |
| Other operating charges640/8 | €9k | €9k | €24k | €4k | €21k | ▲ 387% |
| Non-recurring operating charges66A | - | - | - | €109 | - | - |
| Gross operating margin9900 | €416k | €472k | €-93k | €-119k | €-140k | ▼ 17.6% |
| Operating profit (loss)9901 | €304k | €357k | €-238k | €-278k | €-404k | ▼ 45.1% |
| Financial income75/76B | - | - | - | €200 | - | - |
| Recurring financial income75 | - | - | - | €200 | - | - |
| Financial charges65/66B | €52k | €50k | €53k | €87k | €122k | ▲ 40.5% |
| Recurring financial charges65 | €52k | €50k | €53k | €87k | €122k | ▲ 40.5% |
| Profit (loss) for the period before taxes9903 | €252k | €307k | €-291k | €-365k | €-526k | ▼ 44.1% |
| Income taxes67/77 | €67k | €77k | - | - | - | - |
| Profit (loss) for the period9904 | €184k | €230k | €-291k | €-365k | €-526k | ▼ 44.1% |
| Profit (loss) for the period to be appropriated9905 | €184k | €230k | €-291k | €-365k | €-526k | ▼ 44.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.78M | €2.62M | €2.85M | €3.75M | €3.67M | ▼ 2.2% |
| Formation expenses20 | - | - | - | €12k | €9k | ▼ 21.3% |
| Fixed assets21/28 | €2.64M | €2.57M | €2.69M | €3.58M | €3.58M | ▲ 0.1% |
| Tangible fixed assets22/27 | €2.64M | €2.57M | €2.69M | €3.58M | €3.58M | ▲ 0.1% |
| Land and buildings22 | €2.64M | €2.56M | €2.68M | €3.56M | €3.56M | ▼ 0.2% |
| Furniture and vehicles24 | - | €14k | €12k | €15k | €25k | ▲ 60.1% |
| Current assets29/58 | €140k | €47k | €158k | €161k | €78k | ▼ 51.7% |
| Amounts receivable within one year40/41 | €1k | €13k | €22k | €115k | €32k | ▼ 72.1% |
| Trade receivables40 | €1k | - | - | €15k | €32k | ▲ 116% |
| Other amounts receivable41 | - | €13k | €22k | €100k | €365 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €134k | €34k | €129k | €25k | €31k | ▲ 22.4% |
| Deferred charges and accrued income490/1 | €5k | - | €8k | €21k | €15k | ▼ 29.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.78M | €2.62M | €2.85M | €3.75M | €3.67M | ▼ 2.2% |
| Equity10/15 | €1.04M | €1.27M | €976k | €611k | €85k | ▼ 86.1% |
| Contributions10/11 | €270k | €270k | €270k | €270k | €270k | = |
| Capital10 | €270k | €270k | €270k | €270k | €270k | = |
| Issued capital100 | €270k | €270k | €270k | €270k | €270k | = |
| Reserves13 | €766k | €997k | €706k | €341k | €27k | ▼ 92.1% |
| Non-distributable reserves130/1 | €27k | €27k | €27k | €27k | €27k | = |
| Legal reserve130 | €27k | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | €739k | €970k | €679k | €314k | - | - |
| Profit (loss) carried forward14 | - | - | - | - | €-212k | - |
| Amounts payable17/49 | €1.74M | €1.35M | €1.87M | €3.14M | €3.58M | ▲ 14.1% |
| Amounts payable after more than one year17 | €1.17M | €1.06M | €1.60M | €2.63M | €3.26M | ▲ 23.7% |
| Financial debts170/4 | €1.08M | €1.06M | €1.60M | €2.63M | €3.26M | ▲ 23.7% |
| Other amounts payable178/9 | €87k | - | - | - | - | - |
| Amounts payable within one year42/48 | €464k | €288k | €276k | €452k | €320k | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | €203k | €203k | €203k | €203k | €203k | = |
| Financial debts43 | - | - | €21k | - | - | - |
| Credit institutions430/8 | - | - | €21k | - | - | - |
| Trade debts44 | €6k | €18k | €52k | €249k | €116k | ▼ 53.2% |
| Suppliers440/4 | €6k | €18k | €52k | €249k | €116k | ▼ 53.2% |
| Taxes, remuneration and social security45 | €123k | €67k | - | - | €526 | - |
| Taxes450/3 | €123k | €67k | - | - | €526 | - |
| Other amounts payable47/48 | €132k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €107k | €5k | - | €54k | €6k | ▼ 89.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €184k | €230k | €-291k | €-365k | €-526k | ▼ 44.1% |
| + Depreciation and write-downs630 | €104k | €106k | €120k | €155k | €242k | ▲ 56.8% |
| Operating cash flow (approximation) | €288k | €336k | €-170k | €-210k | €-283k | ▼ 34.7% |
| Investment in fixed assets (approximation) | - | €-46k | €-238k | €-1.04M | €-246k | ▲ 76.3% |
| Change in cash | - | €-100k | €95k | €-103k | €6k | ▲ 105% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-526k
Net result drops to €-526k, the lowest in the series.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €230k ▲24.8%
Operating result €357k, net result €230k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Equity above €1MEq €1.04M ▲21.7%
4 profitable years in a row build equity to €1.04M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 35 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2012
Ground area
7,740 m²
Building footprint
3,094 m²
Parcel 44808H0364/00L004, Flanders. Linked by address, not a title deed.
39
companies at this address
See who is registered here
1 establishment unit
17 december
since 20122.211.294.449
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0364/00L004 | Flanders | 7,740 m² | 1 · 3,094 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,616 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.