1950
ActiveSummary
The computed 12-month bankruptcy probability of 1950 is 1.9% (moderate). The 2024 annual accounts show equity of €83k and a net result of €-77k. Equity is shrinking by ~8.4% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-23
Solvency31▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 94.2% and cash: 0.1% of total assets), and 94.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
5.8%
Return on assets
-5.4%
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
19202021222324
2019 to 2024 · latest year €-77k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
7 d early
2022
7 d early
2021
3 d early
2020
2 d early
2020
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-77k▼ 370%
2023 · €-16k
2019: €-13k
2020: €78k▲ +706% vs 2019highest value
2020: €-12k
2021: €-10k▲ +19.3% vs 2020
2022: €-9k▲ +5.0% vs 2021
2023: €-16k▼ -74.1% vs 2022
2024: €-77k▼ -370% vs 2023lowest value
2019 → 2024
Working capital
€-1.35M▼ 2.3%
2023 · €-1.32M
2019: €-976k
2020: €-588k▲ +39.8% vs 2019highest value
2020: €-1.05M
2021: €-1.06M▼ -0.9% vs 2020
2022: €-1.07M▼ -0.8% vs 2021
2023: €-1.32M▼ -23.5% vs 2022
2024: €-1.35M▼ -2.3% vs 2023lowest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€196k-€186k▼ 5.1%€176k▼ 5.1%€160k▼ 9.3%€83k▼ 48.1%
2020: €196khighest in 5 years
2021: €186k▼ -5.1% vs 2020
2022: €176k▼ -5.1% vs 2021
2023: €160k▼ -9.3% vs 2022
2024: €83k▼ -48.1% vs 2023lowest in 5 years
Operating result€-12k-€-10k▲ 20.1%€-9k▲ 5.3%€-16k▼ 75.9%€-77k▼ 375%
2020: €-12k
2021: €-10k▲ +20.1% vs 2020
2022: €-9k▲ +5.3% vs 2021highest in 5 years
2023: €-16k▼ -75.9% vs 2022
2024: €-77k▼ -375% vs 2023lowest in 5 years
Net result€-12k-€-10k▲ 19.3%€-9k▲ 5.0%€-16k▼ 74.1%€-77k▼ 370%
2020: €-12k
2021: €-10k▲ +19.3% vs 2020
2022: €-9k▲ +5.0% vs 2021highest in 5 years
2023: €-16k▼ -74.1% vs 2022
2024: €-77k▼ -370% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €77k in 2024 against €16k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.44M
Fixed assets
€1.43M ▼ 3.2%
Current assets
€4k ▲ 1.7%
Equity and liabilities €1.44M
Equity
€83k ▼ 48.1%
Debt
€1.35M ▲ 2.3%
Debt's share of the balance-sheet total rises from 89.2% to 94.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-30k
Cash flow
€-30k
Current ratio
0.00▼
2023 · 0.00
Debt to equity
16.31▲
2023 · 8.27
ROE
-92.8%▼
2023 · -10.3%
ROA
-5.4%▼
2023 · -1.1%
Interest coverage
-115.09
Debt ≤ 1 year
€1.35M▲
2023 · €1.32M
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 · 2024 against 2023 · 30 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.48M€1.44M▼
Fixed assets21/28€1.48M€1.43M▼
Tangible fixed assets22/27€1.48M€1.43M▼
Furniture and vehicles24€1.48M€1.43M▼
Current assets29/58€4k€4k▲
Cash at bank and in hand54/58€990€787▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.48M€1.44M▼
Equity10/15€160k€83k▼
Contributions10/11€253k€253k=
Capital10€253k€253k=
Issued capital100€253k€253k=
Profit (loss) carried forward14€-92k€-169k▼
Amounts payable17/49€1.32M€1.35M▲
Amounts payable within one year42/48€1.32M€1.35M▲
Trade debts44€65€2k▲
Suppliers440/4€65€2k▲
Other amounts payable47/48€1.32M€1.35M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€47k
Other operating charges640/8€2k€8k▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€-10k€-21k▼
Operating profit (loss)9901€-16k€-77k▼
Financial charges65/66B€230€259▲
Recurring financial charges65€230€259▲
Profit (loss) for the period before taxes9903€-16k€-77k▼
Profit (loss) for the period9904€-16k€-77k▼
Profit (loss) for the period to be appropriated9905€-16k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-92k€-169k▼
Profit (loss) brought forward from the previous period14P€-76k€-92k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €47k | - |
| Other operating charges640/8 | - | €983 | €2k | €2k | €8k | ▲ 289% |
| Non-recurring operating charges66A | - | - | - | €4k | - | - |
| Gross operating margin9900 | €-11k | €-9k | €-8k | €-10k | €-21k | ▼ 114% |
| Operating profit (loss)9901 | €-12k | €-10k | €-9k | €-16k | €-77k | ▼ 375% |
| Financial charges65/66B | - | €209 | €225 | €230 | €259 | ▲ 12.8% |
| Recurring financial charges65 | €138 | €209 | €225 | €230 | €259 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €-12k | €-10k | €-9k | €-16k | €-77k | ▼ 370% |
| Profit (loss) for the period9904 | €-12k | €-10k | €-9k | €-16k | €-77k | ▼ 370% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €-10k | €-9k | €-16k | €-77k | ▼ 370% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.25M | €1.25M | €1.25M | €1.48M | €1.44M | ▼ 3.2% |
| Fixed assets21/28 | €1.25M | €1.25M | €1.24M | €1.48M | €1.43M | ▼ 3.2% |
| Tangible fixed assets22/27 | €1.25M | €1.25M | €1.24M | €1.48M | €1.43M | ▼ 3.2% |
| Land and buildings22 | - | €1.25M | - | - | - | - |
| Furniture and vehicles24 | - | - | €1.24M | €1.48M | €1.43M | ▼ 3.2% |
| Current assets29/58 | €326 | €367 | €4k | €4k | €4k | ▲ 1.7% |
| Amounts receivable within one year40/41 | - | €143 | - | - | - | - |
| Other amounts receivable41 | - | €143 | - | - | - | - |
| Cash at bank and in hand54/58 | €326 | €224 | €314 | €990 | €787 | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | - | €3k | €3k | €4k | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.25M | €1.25M | €1.25M | €1.48M | €1.44M | ▼ 3.2% |
| Equity10/15 | €196k | €186k | €176k | €160k | €83k | ▼ 48.1% |
| Contributions10/11 | €253k | €253k | €253k | €253k | €253k | = |
| Capital10 | - | €253k | €253k | €253k | €253k | = |
| Issued capital100 | - | €253k | €253k | €253k | €253k | = |
| Profit (loss) carried forward14 | €-57k | €-67k | €-76k | €-92k | €-169k | ▼ 83.3% |
| Amounts payable17/49 | €1.05M | €1.06M | €1.07M | €1.32M | €1.35M | ▲ 2.3% |
| Amounts payable within one year42/48 | €1.05M | €1.06M | €1.07M | €1.32M | €1.35M | ▲ 2.3% |
| Trade debts44 | €38 | - | €400 | €65 | €2k | ▲ 3,048% |
| Suppliers440/4 | - | - | €400 | €65 | €2k | ▲ 3,048% |
| Other amounts payable47/48 | - | €1.06M | €1.07M | €1.32M | €1.35M | ▲ 2.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-10k | €-9k | €-16k | €-77k | ▼ 370% |
| + Depreciation and write-downs630 | - | - | - | - | €47k | - |
| Operating cash flow (approximation) | €-12k | €-10k | €-9k | €-16k | €-30k | ▼ 83.1% |
| Investment in fixed assets (approximation) | - | €0 | €1k | €-235k | €0 | ▲ 100% |
| Change in cash | - | €-101 | €90 | €676 | €-203 | ▼ 130% |
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
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
31-03
Financial
Equity above €200kEq €208k ▲59.4%
Equity rises from €131k to €208k.
2019
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 1 establishment unit since 2009
Ground area
4,093 m²
Building footprint
4,090 m²
Volume, LiDAR
95,656 m³
Parcel 21443C0149/00M000, Brussels · tallest building 46.8 m, ±8 floors. Linked by address, not a title deed.
46
companies at this address
See who is registered here
1 establishment unit
1950
since 20092.180.090.935
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0149/00M000 | Brussels | 4,093 m² | 1 · 4,090 m² | 46.8 m · 8 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 formPublic limited company
Founded11-05-2009
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.