1825
ActiveSummary
The computed 12-month bankruptcy probability of 1825 is 2.2% (moderate). The 2025 annual accounts show equity of €215k and a net result of €16k. Equity is growing by ~12.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-2
Solvency55▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.15 in 2024; short-term debt: 9.5% and cash: 1.6% of total assets), and 70.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
2.2%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
20 d early
2023
30 d early
2022
83 d early
← 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
€215k▲ 8.1%
2024 · €199k
2022: €153klowest in 4 years
2023: €166k▲ +8.7% vs 2022
2024: €199k▲ +20.1% vs 2023
2025: €215k▲ +8.1% vs 2024highest in 4 years
2022 → 2025
Total assets
€727k▼ 3.3%
2024 · €752k
2022: €798khighest in 4 years
2023: €766k▼ -4.0% vs 2022
2024: €752k▼ -1.9% vs 2023
2025: €727k▼ -3.3% vs 2024lowest in 4 years
2022 → 2025
Net result
€16k▼ 51.5%
2024 · €33k
2022: €-57klowest in 4 years
2023: €13k▲ +123% vs 2022
2024: €33k▲ +152% vs 2023highest in 4 years
2025: €16k▼ -51.5% vs 2024
2022 → 2025
Working capital
€-15k
2024 · €7k
2022: €-2k
2023: €-6k▼ -197% vs 2022
2024: €7k▲ +215% vs 2023highest in 4 years
2025: €-15k▼ -332% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€153k-€166k▲ 8.7%€199k▲ 20.1%€215k▲ 8.1%
2022: €153klowest in 4 years
2023: €166k▲ +8.7% vs 2022
2024: €199k▲ +20.1% vs 2023
2025: €215k▲ +8.1% vs 2024highest in 4 years
Operating result€-35k-€26k€44k▲ 71.1%€26k▼ 41.8%
2022: €-35klowest in 4 years
2023: €26k▲ +175% vs 2022
2024: €44k▲ +71.1% vs 2023highest in 4 years
2025: €26k▼ -41.8% vs 2024
Net result€-57k-€13k€33k▲ 152%€16k▼ 51.5%
2022: €-57klowest in 4 years
2023: €13k▲ +123% vs 2022
2024: €33k▲ +152% vs 2023highest in 4 years
2025: €16k▼ -51.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €727k
Fixed assets
€673k ▼ 3.9%
Current assets
€54k ▲ 4.8%
Equity and liabilities €727k
Equity
€215k ▲ 8.1%
Debt
€512k ▼ 7.4%
Debt's share of the balance-sheet total falls from 73.5% to 70.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53k▼
2024 · €72k
Cash flow
€43k▼
2024 · €61k
Current ratio
0.78▼
2024 · 1.15
Debt to equity
2.38▼
2024 · 2.77
ROE
7.5%▼
2024 · 16.7%
ROA
2.2%▼
2024 · 4.4%
Interest coverage
6.43▲
2024 · 6.40
Debt ≤ 1 year
€69k▲
2024 · €45k
Debt > 1 year
€442k▼
2024 · €508k
Income taxes
€2k▲
2024 · €17
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€752k€727k▼
Fixed assets21/28€700k€673k▼
Tangible fixed assets22/27€700k€673k▼
Land and buildings22€700k€673k▼
Current assets29/58€51k€54k▲
Amounts receivable after more than one year29€12k-
Other amounts receivable291€12k-
Amounts receivable within one year40/41-€6k
Other amounts receivable41-€6k
Current investments50/53€25k€35k▲
Cash at bank and in hand54/58€14k€12k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€752k€727k▼
Equity10/15€199k€215k▲
Contributions10/11€210k€210k=
Profit (loss) carried forward14€-11k€5k▲
Amounts payable17/49€552k€512k▼
Amounts payable after more than one year17€508k€442k▼
Financial debts170/4€508k€442k▼
Amounts payable within one year42/48€45k€69k▲
Current portion of amounts payable after more than one year42€45k€66k▲
Trade debts44-€4k
Suppliers440/4-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k=
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€9k
Gross operating margin9900€73k€64k▼
Operating profit (loss)9901€44k€26k▼
Financial income75/76B€120€334▲
Recurring financial income75€120€334▲
Financial charges65/66B€11k€8k▼
Recurring financial charges65€11k€8k▼
Profit (loss) for the period before taxes9903€33k€18k▼
Income taxes67/77€17€2k▲
Profit (loss) for the period9904€33k€16k▼
Profit (loss) for the period to be appropriated9905€33k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-11k€5k▲
Profit (loss) brought forward from the previous period14P€-44k€-11k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €27k | €27k | €27k | = |
| Other operating charges640/8 | €85k | €1k | €1k | €1k | ▲ 3.1% |
| Non-recurring operating charges66A | - | €19k | - | €9k | - |
| Gross operating margin9900 | €97k | €74k | €73k | €64k | ▼ 12.6% |
| Operating profit (loss)9901 | €-35k | €26k | €44k | €26k | ▼ 41.8% |
| Financial income75/76B | €106 | - | €120 | €334 | ▲ 179% |
| Recurring financial income75 | €106 | - | €120 | €334 | ▲ 179% |
| Financial charges65/66B | €21k | €11k | €11k | €8k | ▼ 26.3% |
| Recurring financial charges65 | €21k | €11k | €11k | €8k | ▼ 26.3% |
| Profit (loss) for the period before taxes9903 | €-56k | €14k | €33k | €18k | ▼ 46.2% |
| Income taxes67/77 | €1k | €1k | €17 | €2k | ▲ 10,037% |
| Profit (loss) for the period9904 | €-57k | €13k | €33k | €16k | ▼ 51.5% |
| Profit (loss) for the period to be appropriated9905 | €-57k | €13k | €33k | €16k | ▼ 51.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €798k | €766k | €752k | €727k | ▼ 3.3% |
| Fixed assets21/28 | €755k | €727k | €700k | €673k | ▼ 3.9% |
| Tangible fixed assets22/27 | €755k | €727k | €700k | €673k | ▼ 3.9% |
| Land and buildings22 | €755k | €727k | €700k | €673k | ▼ 3.9% |
| Current assets29/58 | €43k | €38k | €51k | €54k | ▲ 4.8% |
| Amounts receivable after more than one year29 | - | €19k | €12k | - | - |
| Other amounts receivable291 | - | €19k | €12k | - | - |
| Amounts receivable within one year40/41 | €32k | - | - | €6k | - |
| Other amounts receivable41 | €32k | - | - | €6k | - |
| Current investments50/53 | - | - | €25k | €35k | ▲ 40.0% |
| Cash at bank and in hand54/58 | €9k | €19k | €14k | €12k | ▼ 14.2% |
| Deferred charges and accrued income490/1 | €1k | - | €1k | €1k | ▲ 18.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €798k | €766k | €752k | €727k | ▼ 3.3% |
| Equity10/15 | €153k | €166k | €199k | €215k | ▲ 8.1% |
| Contributions10/11 | €210k | €210k | €210k | €210k | = |
| Profit (loss) carried forward14 | €-57k | €-44k | €-11k | €5k | ▲ 149% |
| Amounts payable17/49 | €645k | €600k | €552k | €512k | ▼ 7.4% |
| Amounts payable after more than one year17 | €597k | €552k | €508k | €442k | ▼ 12.9% |
| Financial debts170/4 | €597k | €552k | €508k | €442k | ▼ 12.9% |
| Amounts payable within one year42/48 | €45k | €44k | €45k | €69k | ▲ 55.1% |
| Current portion of amounts payable after more than one year42 | €44k | €44k | €45k | €66k | ▲ 46.6% |
| Trade debts44 | €1k | - | - | €4k | - |
| Suppliers440/4 | €1k | - | - | €4k | - |
| Accrued charges and deferred income492/3 | €3k | €3k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-57k | €13k | €33k | €16k | ▼ 51.5% |
| + Depreciation and write-downs630 | €47k | €27k | €27k | €27k | = |
| Operating cash flow (approximation) | €-11k | €40k | €61k | €43k | ▼ 28.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €10k | €-6k | €-2k | ▲ 65.6% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €215k ▲8.1%
3 profitable years in a row build equity to €215k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €33k ▲152%
Operating result €44k, net result €33k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
Ground area
75 m²
Building footprint
75 m²
Volume, LiDAR
879 m³
Parcel 11302A0015/00L005, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
1825
since 20212.314.925.982
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0015/00L005 | Flanders | 75 m² | 1 · 75 m² | 13.6 m · 4 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.