21 MANAGEMENT PLUS
ActiveSummary
21 MANAGEMENT PLUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-167k) and a net result of €-67k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 997 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-2
Solvency9▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2023; short-term debt: 116% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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
-16%
Return on assets
-6.5%
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 €-167k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
28 d late
2022
60 d late
2021
92 d late
2020
144 d late
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-167k▼ 67.4%
2023 · €-100k
2018: €34k
2019: €52k▲ +54.9% vs 2018
2020: €54k▲ +4.1% vs 2019highest in 7 years
2021: €37k▼ -31.9% vs 2020
2022: €-54k▼ -246% vs 2021
2023: €-100k▼ -84.4% vs 2022
2024: €-167k▼ -67.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€1.04M▼ 2.8%
2023 · €1.07M
2018: €117k
2019: €88k▼ -24.8% vs 2018
2020: €85k▼ -2.6% vs 2019lowest in 7 years
2021: €111k▲ +29.9% vs 2020
2022: €1.10M▲ +890% vs 2021highest in 7 years
2023: €1.07M▼ -2.5% vs 2022
2024: €1.04M▼ -2.8% vs 2023
2018 → 2024
Net result
€-67k▼ 47.3%
2023 · €-46k
2018: €-6k
2019: €18k▲ +402% vs 2018highest in 7 years
2020: €2k▼ -88.6% vs 2019
2021: €-17k▼ -918% vs 2020
2022: €-91k▼ -426% vs 2021lowest in 7 years
2023: €-46k▲ +49.9% vs 2022
2024: €-67k▼ -47.3% vs 2023
2018 → 2024
Working capital
€-1.20M▼ 4.8%
2023 · €-1.14M
2018: €28k
2019: €47k▲ +65.8% vs 2018highest in 7 years
2020: €21k▼ -54.5% vs 2019
2021: €-13k▼ -159% vs 2020
2022: €-1.11M▼ -8657% vs 2021
2023: €-1.14M▼ -3.2% vs 2022
2024: €-1.20M▼ -4.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€37k▼ 31.9%€-54k€-100k▼ 84.4%€-167k▼ 67.4%
2020: €54khighest in 5 years
2021: €37k▼ -31.9% vs 2020
2022: €-54k▼ -246% vs 2021
2023: €-100k▼ -84.4% vs 2022
2024: €-167k▼ -67.4% vs 2023lowest in 5 years
Operating result€12k-€-16k€-89k▼ 473%€-44k▲ 50.4%€-65k▼ 47.1%
2020: €12khighest in 5 years
2021: €-16k▼ -233% vs 2020
2022: €-89k▼ -473% vs 2021lowest in 5 years
2023: €-44k▲ +50.4% vs 2022
2024: €-65k▼ -47.1% vs 2023
Net result€2k-€-17k€-91k▼ 426%€-46k▲ 49.9%€-67k▼ 47.3%
2020: €2khighest in 5 years
2021: €-17k▼ -918% vs 2020
2022: €-91k▼ -426% vs 2021lowest in 5 years
2023: €-46k▲ +49.9% vs 2022
2024: €-67k▼ -47.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2024 against €44k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.03M ▼ 1.2%
Current assets
€10k ▼ 62.8%
Key figures and ratios
EBITDA
€-53k▼
2023 · €-32k
Cash flow
€-55k▼
2023 · €-34k
Solvency
-16.0%▼
2023 · -9.3%
Current ratio
0.01▼
2023 · 0.02
Debt to equity
-7.24▲
2023 · -11.74
ROA
-6.5%▼
2023 · -4.3%
Interest coverage
-46.51▼
2023 · -22.07
Debt
€1.21M▲
2023 · €1.17M
Debt ≤ 1 year
€1.21M▲
2023 · €1.17M
Income taxes
€1k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€1.04M▼
Fixed assets21/28€1.04M€1.03M▼
Tangible fixed assets22/27€42k€30k▼
Land and buildings22€4k€1k▼
Furniture and vehicles24€39k€29k▼
Financial fixed assets28€1.00M€1.00M=
Current assets29/58€28k€10k▼
Amounts receivable within one year40/41€13k€430▼
Trade receivables40€13k€0▼
Other amounts receivable41€353€430▲
Cash at bank and in hand54/58€952€1k▲
Deferred charges and accrued income490/1€14k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.04M▼
Equity10/15€-100k€-167k▼
Contributions10/11€12k€12k=
Reserves13€40k€40k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€38k€38k=
Profit (loss) carried forward14€-152k€-219k▼
Amounts payable17/49€1.17M€1.21M▲
Amounts payable within one year42/48€1.17M€1.21M▲
Financial debts43€10k€10k=
Credit institutions430/8€10k€10k=
Trade debts44€12k€10k▼
Suppliers440/4€12k€10k▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€2k▼
Remuneration and social security454/9€0€4k▲
Other amounts payable47/48€1.15M€1.18M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€533€2k▲
Gross operating margin9900€-32k€-51k▼
Operating profit (loss)9901€-44k€-65k▼
Financial income75/76B€4€0▼
Recurring financial income75€4€0▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-46k€-66k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€-46k€-67k▼
Profit (loss) for the period to be appropriated9905€-46k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-152k€-219k▼
Profit (loss) brought forward from the previous period14P€-106k€-152k▼
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €589 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €10k | €10k | €12k | €12k | ▲ 0.5% |
| Other operating charges640/8 | - | €165 | €154 | €533 | €2k | ▲ 233% |
| Gross operating margin9900 | €21k | €-5k | €-79k | €-32k | €-51k | ▼ 61.8% |
| Operating profit (loss)9901 | €12k | €-16k | €-89k | €-44k | €-65k | ▼ 47.1% |
| Financial income75/76B | - | €11 | €7 | €4 | €0 | ▼ 94.6% |
| Recurring financial income75 | €27 | €11 | €7 | €4 | €0 | ▼ 94.6% |
| Financial charges65/66B | - | €1k | €2k | €1k | €1k | ▼ 21.9% |
| Recurring financial charges65 | €2k | €1k | €2k | €1k | €1k | ▼ 21.9% |
| Profit (loss) for the period before taxes9903 | €10k | €-17k | €-91k | €-46k | €-66k | ▼ 44.9% |
| Income taxes67/77 | €7k | €750 | €0 | - | €1k | - |
| Profit (loss) for the period9904 | €2k | €-17k | €-91k | €-46k | €-67k | ▼ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-17k | €-91k | €-46k | €-67k | ▼ 47.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85k | €111k | €1.10M | €1.07M | €1.04M | ▼ 2.8% |
| Fixed assets21/28 | €33k | €50k | €1.05M | €1.04M | €1.03M | ▼ 1.2% |
| Tangible fixed assets22/27 | €32k | €49k | €52k | €42k | €30k | ▼ 28.7% |
| Land and buildings22 | - | €9k | €6k | €4k | €1k | ▼ 65.3% |
| Plant, machinery and equipment23 | - | €252 | €0 | - | - | - |
| Furniture and vehicles24 | - | €40k | €46k | €39k | €29k | ▼ 25.0% |
| Financial fixed assets28 | €1k | €1k | €1.00M | €1.00M | €1.00M | = |
| Current assets29/58 | €53k | €61k | €46k | €28k | €10k | ▼ 62.8% |
| Amounts receivable within one year40/41 | €18k | €14k | €26k | €13k | €430 | ▼ 96.7% |
| Trade receivables40 | - | €2k | €15k | €13k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €12k | €11k | €353 | €430 | ▲ 21.7% |
| Cash at bank and in hand54/58 | €33k | €25k | €2k | €952 | €1k | ▲ 13.9% |
| Deferred charges and accrued income490/1 | - | €22k | €17k | €14k | €9k | ▼ 36.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85k | €111k | €1.10M | €1.07M | €1.04M | ▼ 2.8% |
| Equity10/15 | €54k | €37k | €-54k | €-100k | €-167k | ▼ 67.4% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €40k | €40k | €40k | €40k | €40k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €38k | €38k | €38k | €38k | = |
| Profit (loss) carried forward14 | €2k | €-15k | €-106k | €-152k | €-219k | ▼ 44.3% |
| Amounts payable17/49 | €31k | €74k | €1.15M | €1.17M | €1.21M | ▲ 3.2% |
| Amounts payable within one year42/48 | €31k | €74k | €1.15M | €1.17M | €1.21M | ▲ 3.2% |
| Financial debts43 | - | - | €10k | €10k | €10k | = |
| Credit institutions430/8 | - | - | €10k | €10k | €10k | = |
| Trade debts44 | €4k | €2k | €8k | €12k | €10k | ▼ 14.1% |
| Suppliers440/4 | - | €2k | €8k | €12k | €10k | ▼ 14.1% |
| Advances received on contracts in progress46 | - | €1k | €0 | - | €2k | - |
| Taxes, remuneration and social security45 | - | €11k | €7k | €2k | €6k | ▲ 212% |
| Taxes450/3 | - | €8k | €0 | €2k | €2k | ▼ 5.3% |
| Remuneration and social security454/9 | - | €2k | €7k | €0 | €4k | - |
| Other amounts payable47/48 | - | €61k | €1.13M | €1.15M | €1.18M | ▲ 2.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-17k | €-91k | €-46k | €-67k | ▼ 47.3% |
| + Depreciation and write-downs630 | €4k | €10k | €10k | €12k | €12k | ▲ 0.5% |
| Operating cash flow (approximation) | €6k | €-8k | €-81k | €-34k | €-55k | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | €-26k | €-1.01M | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-9k | €-22k | €-1k | €132 | ▲ 109% |
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
02-09
State Gazette act
General meeting · Director reappointment
Board meeting · Permanent representative
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 63 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 52 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Hove · 1 establishment unit since 2008
Ground area
6,136 m²
Building footprint
1,599 m²
Volume, LiDAR
11,755 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INGE WAUTERS
since 20082.172.833.850
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0189/00S000 | Flanders | 5,736 m² | 1 · 1,503 m² | 9.6 m · 2 fl. |
| 11021A0153/00B003 | Flanders | 400 m² | 1 · 96 m² | 10.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
2 locations
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Of 2,360 companies in sector 78100 we hold annual accounts for 1,363. 1,017 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 (pre-2019)
Founded09-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
78100Employment placement agencies
73120Media representation
82990Other business support services
90201Performing arts by independent artists
90399Other support activities for arts and performing arts
Scores and ratios are computed by Checked and are not a credit decision.