1880
ActiveSummary
1880 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€593,564) and a net result of -€50,351. Equity is shrinking by ~59.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▲+31
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.55 in 2023; short-term debt: 16.1% and cash: 4.7% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-48%
Return on assets
-4.1%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€593,564
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
57 d early
2022
46 d early
2021
52 d early
2020
50 d early
2019
79 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€593,564▼ 9.3%
2023 · -€543,212
Total assets
€1.2m▲ 55.6%
2023 · €795,665
Net result
-€50,351▲ 89.4%
2023 · -€475,181
Working capital
-€51,244▼ 11.4%
2023 · -€46,002
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€6,150-€33,185▼ 440%-€97,932▼ 195%-€435,879▼ 345%€173
Net result-€32,512below the sector's middle half-€56,542below the sector's middle half▼ 73.9%-€69,666below the sector's middle half▼ 23.2%-€475,181below the sector's middle half▼ 582%-€50,351below the sector's middle half▲ 89.4%
Equity€58,177below the sector's middle half▼ 50.1%€1,635below the sector's middle half▼ 97.2%-€68,031below the sector's middle half-€543,212below the sector's middle half▼ 698%-€593,564below the sector's middle half▼ 9.3%
Total assets€2.1mwithin the sector's middle half▼ 22.1%€969,611within the sector's middle half▼ 54.7%€1.3mwithin the sector's middle half▲ 34.0%€795,665within the sector's middle half▼ 38.7%€1.2mwithin the sector's middle half▲ 55.6%
Debt€2.1m▼ 20.8%€967,976▼ 53.6%€1.4m▲ 41.2%€1.3m▼ 2.1%€1.8m▲ 36.8%
Working capital€291,496within the sector's middle half▲ 43.6%-€26,642within the sector's middle half€448,409within the sector's middle half-€46,002within the sector's middle half-€51,244within the sector's middle half▼ 11.4%
Solvency2.7%below the sector's middle half▼ 1.5pp0.2%below the sector's middle half▼ 2.5pp-5.2%below the sector's middle half▼ 5.4pp-68.3%below the sector's middle half▼ 63.0pp-48.0%below the sector's middle half▲ 20.3pp
Current ratio2.98above the sector's middle half▲ 1.820.84within the sector's middle half▼ 2.147.06above the sector's middle half▲ 6.220.55within the sector's middle half▼ 6.510.74within the sector's middle half▲ 0.19
Return on assets (ROA)-1.5%below the sector's middle half▼ 22.9pp-5.8%below the sector's middle half▼ 4.3pp-5.4%below the sector's middle half▲ 0.5pp-59.7%below the sector's middle half▼ 54.4pp-4.1%below the sector's middle half▲ 55.7pp
Staff (FTE)1.3within the sector's middle half▼ 40.9%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €173 after a loss of €435,879 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.1m ▲ 47.4%
Current assets
€148,581 ▲ 161%
Key figures and ratios
EBITDA
€105,404▲
2023 · -€382,556
Cash flow
€54,880▲
2023 · -€421,858
Debt to equity
-3.09▼
2023 · -2.46
Interest coverage
2.08▲
2023 · -9.73
Debt ≤ 1 year
€199,825▲
2023 · €103,021
Debt > 1 year
€1.6m▲
2023 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.1%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,217 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,435 | €7,717 | ▼ 50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71,091 | €53,323 | €53,323 | €53,323 | €105,232 | ▲ 97.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €446,775 | - | - |
| Other operating charges640/8 | - | €4,603 | €3,911 | €4,443 | €7,241 | ▲ 63.0% |
| Non-recurring operating charges66A | - | €2.4m | €18,590 | - | - | - |
| Gross operating margin9900 | €95,179 | €2.5m | -€22,107 | €68,661 | €112,645 | ▲ 64.1% |
| Operating profit (loss)9901 | -€6,150 | -€33,185 | -€97,932 | -€435,879 | €173 | ▲ 100% |
| Financial income75/76B | - | €380 | €46,869 | €16 | €203 | ▲ 1,134% |
| Recurring financial income75 | €570 | €380 | €46,869 | €16 | €203 | ▲ 1,134% |
| Financial charges65/66B | - | €23,737 | €18,603 | €39,318 | €50,727 | ▲ 29.0% |
| Recurring financial charges65 | €27,135 | €23,737 | €18,603 | €39,318 | €50,727 | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | -€32,715 | -€56,542 | -€69,666 | -€475,181 | -€50,351 | ▲ 89.4% |
| Income taxes67/77 | -€203 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€32,512 | -€56,542 | -€69,666 | -€475,181 | -€50,351 | ▲ 89.4% |
| Profit (loss) for the period to be appropriated9905 | -€32,512 | -€56,542 | -€69,666 | -€475,181 | -€50,351 | ▲ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €969,611 | €1.3m | €795,665 | €1.2m | ▲ 55.6% |
| Fixed assets21/28 | €1.7m | €829,381 | €776,535 | €738,646 | €1.1m | ▲ 47.4% |
| Tangible fixed assets22/27 | €1.7m | €829,381 | €776,535 | €738,646 | €1.1m | ▲ 47.4% |
| Land and buildings22 | - | €829,381 | €628,355 | €575,032 | €917,800 | ▲ 59.6% |
| Other tangible fixed assets26 | - | - | €148,180 | €163,614 | €171,331 | ▲ 4.7% |
| Current assets29/58 | €438,614 | €140,230 | €522,391 | €57,019 | €148,581 | ▲ 161% |
| Amounts receivable within one year40/41 | €221,741 | €5,641 | €423,979 | €6,808 | €38,756 | ▲ 469% |
| Trade receivables40 | - | - | €10,951 | €3,152 | €38,222 | ▲ 1,113% |
| Other amounts receivable41 | - | €5,641 | €413,027 | €3,656 | €533 | ▼ 85.4% |
| Cash at bank and in hand54/58 | €216,873 | €134,590 | €11,896 | €49,625 | €57,913 | ▲ 16.7% |
| Deferred charges and accrued income490/1 | - | - | €86,517 | €585 | €51,913 | ▲ 8,767% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €969,611 | €1.3m | €795,665 | €1.2m | ▲ 55.6% |
| Equity10/15 | €58,177 | €1,635 | -€68,031 | -€543,212 | -€593,564 | ▼ 9.3% |
| Contributions10/11 | - | €13,116 | €13,116 | €13,116 | €13,116 | = |
| Reserves13 | €45,062 | - | - | - | - | - |
| Profit (loss) carried forward14 | - | -€11,481 | -€81,147 | -€556,328 | -€606,680 | ▼ 9.1% |
| Amounts payable17/49 | €2.1m | €967,976 | €1.4m | €1.3m | €1.8m | ▲ 36.8% |
| Amounts payable after more than one year17 | €1.9m | €797,853 | €1.3m | €1.2m | €1.6m | ▲ 32.0% |
| Financial debts170/4 | - | €797,853 | €741,805 | €684,767 | €999,901 | ▲ 46.0% |
| Other amounts payable178/9 | - | - | €550,000 | €550,000 | €630,000 | ▲ 14.5% |
| Amounts payable within one year42/48 | €147,118 | €166,872 | €73,982 | €103,021 | €199,825 | ▲ 94.0% |
| Current portion of amounts payable after more than one year42 | - | €59,623 | €60,675 | €61,745 | €77,663 | ▲ 25.8% |
| Trade debts44 | €26,848 | €36,331 | €10,506 | - | €77,789 | - |
| Suppliers440/4 | - | €36,331 | €10,506 | - | €77,789 | - |
| Advances received on contracts in progress46 | - | - | - | - | €68 | - |
| Taxes, remuneration and social security45 | - | €4,485 | €386 | - | €2,341 | - |
| Taxes450/3 | - | €4,485 | €386 | - | €2,341 | - |
| Other amounts payable47/48 | - | €66,433 | €2,414 | €41,276 | €41,964 | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | €3,250 | €1,170 | €1,089 | €1,551 | ▲ 42.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,512 | -€56,542 | -€69,666 | -€475,181 | -€50,351 | ▲ 89.4% |
| + Depreciation and write-downs630 | €71,091 | €53,323 | €53,323 | €53,323 | €105,232 | ▲ 97.3% |
| Operating cash flow (approximation) | €38,579 | -€3,219 | -€16,343 | -€421,858 | €54,880 | ▲ 113% |
| Investment in fixed assets (approximation) | - | €820,871 | -€477 | -€15,435 | -€455,717 | ▼ 2,853% |
| Change in cash | - | -€82,283 | -€122,694 | €37,730 | €8,288 | ▼ 78.0% |
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
2026
08-09
State Gazette act
General meeting · Director appointment
Permanent representative · Board meeting
31-07
State Gazette act
General meeting · Director appointment
Board composition · Permanent representative
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€475,181
Net result drops to -€475,181, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 8current ratio 7.06
Current ratio from 0.84 to 7.06; short-term debt falls from €166,872 to €73,982.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.98
Current ratio from 1.16 to 2.98; short-term debt falls from €1.3m to €147,118.
06-11
State Gazette act
Demerger · Corporate purpose
Accounting effect · Net-asset statement
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
23-03
State Gazette act
General meeting · Board meeting
Director resignation · Director reappointment
2019
21-10
State Gazette act
Board meeting · Director appointment
Permanent representative
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
12-04
State Gazette act
General meeting · Power of attorney
14-02
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
2018
09-10
State Gazette act
Board meeting · Power of attorney
21-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
06-02
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
20-03
State Gazette act
General meeting · Power of attorney
13-03
State Gazette act
General meeting
2016
19-12
State Gazette act
General meeting · Board meeting
Director resignation · Director appointment
14-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has 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
11 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, Antwerpen · 1 establishment unit since 2011
Ground area
1,801 m²
Building footprint
1,252 m²
Volume, LiDAR
19,461 m³
Parcel 11806F1285/00S009, Flanders · tallest building 24.1 m, ±6 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
1880
since 20112.197.656.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1285/00S009 | Flanders | 1,800 m² | 1 · 1,252 m² | 24.1 m · 6 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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: Davy Gorselé Advocaat. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Similar companies · same sector, comparable size
MICEVE
BE 1002.394.535
Ranst · Eq €1,628
OVER THE TOWN
BE 1001.594.185
Saint-Georges-sur-Meuse · Eq €1,644
SOVIMO
BE 0475.870.419
Brussel · Eq €1,651
CEFRA
BE 0662.839.305
Aalst · Eq €1,664
Concept Hellin-Vienne
BE 0733.802.129
Tournai · Eq €1,586
Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 445 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Contact
Website
www.quorumlaw.eu
E-mail
info@quorumlaw.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834703113
Also
9925:BE0834703113
Registered
05-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.