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22

Active
Private limited companyfounded 20233 yrs activeSint-Pietersgroenestraat 8-10, 8000 Brugge, BelgiumKBO/BCE: BE 0803.175.341
Summary

The computed 12-month bankruptcy probability of 22 is 3.2% (moderate). The 2025 annual accounts show equity of €140,725 and a net result of -€47,351. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability13▼-24
Solvency39▼-1
Growth32
Track record94
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.08 against 0.39 in 2024; short-term debt: 63.8% and cash: 1.1% of total assets), and 86.4% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 2 filings
Deviation from the deadline
2025
13 d late
2024
93 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 40 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 26 June 2023, 22 was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€47,351
2024 · €180,576
Working capital
-€606,258▼ 58.3%
2024 · -€383,018
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€3,454--€15,791▼ 357%
Net result€180,576--€47,351
Equity€188,076-€140,725▼ 25.2%
Total assets€1.2m-€1.0m▼ 15.9%
Debt€1.0m-€890,917▼ 14.2%
Working capital-€383,018--€606,258▼ 58.3%
Staff (FTE)0-
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2024: -€3,454-€3,454Net result 2024: €180,576€180,576Operating result 2025: -€15,791-€15,791Net result 2025: -€47,351-€47,35120242025-€100,000€0€100,000€200,000Operating result 2024: -€3,454-€3,450Net result 2024: €180,576€181,000Operating result 2025: -€15,791-€15,800Net result 2025: -€47,351-€47,40020242025
The operating result stays negative: a loss of €15,791 in 2025 against €3,454 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets €979,548 =
Current assets €52,094 ▼ 78.9%
Equity and liabilities €1.0m
Equity €140,725 ▼ 25.2%
Debt €890,917 ▼ 14.2%
Debt's share of the balance-sheet total rises from 84.7% to 86.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€15,791▼
2024 · -€559
Cash flow
-€47,351▼
2024 · €183,470
Current ratio
0.08▼
2024 · 0.39
Debt to equity
6.33▲
2024 · 5.52
ROE
-33.6%▼
2024 · 96.0%
ROA
-4.6%▼
2024 · 14.7%
Interest coverage
-0.38▼
2024 · -0.02
Debt ≤ 1 year
€658,352▲
2024 · €630,231
Debt > 1 year
€225,467▼
2024 · €405,124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.0m▼
Fixed assets21/28€979,548€979,548=
Financial fixed assets28€979,548€979,548=
Affiliated companies280/1-€979,548
Participating interests280-€979,548
Current assets29/58€247,213€52,094▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€231,025€33,735▼
Trade receivables40€210,135€0▼
Other amounts receivable41€20,889€33,735▲
Cash at bank and in hand54/58€15,594€11,323▼
Deferred charges and accrued income490/1€594€7,035▲
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.0m▼
Equity10/15€188,076€140,725▼
Contributions10/11€7,500€7,500=
Reserves13€180,576€133,225▼
Distributable reserves133€180,576€133,225▼
Amounts payable17/49€1.0m€890,917▼
Amounts payable after more than one year17€405,124€225,467▼
Financial debts170/4€405,124€225,467▼
Credit institutions173-€225,467
Amounts payable within one year42/48€630,231€658,352▲
Current portion of amounts payable after more than one year42€113,227€121,110▲
Trade debts44-€1,016
Suppliers440/4-€1,016
Other amounts payable47/48€517,004€536,227▲
Accrued charges and deferred income492/3€3,330€7,098▲
Income statement Code20242025
Operating charges60/66A-€15,791
Services and other goods61-€15,537
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,895€0▼
Other operating charges640/8-€254
Gross operating margin9900-€559-
Operating profit (loss)9901-€3,454-€15,791▼
Financial income75/76B€211,167€10,006▼
Recurring financial income75€211,167€10,006▼
Income from financial fixed assets750-€0
Income from current assets751-€10,006
Financial charges65/66B€27,137€41,566▲
Recurring financial charges65€27,137€41,566▲
Debt charges650-€41,206
Other financial charges652/9-€361
Profit (loss) for the period before taxes9903€180,576-€47,351▼
Profit (loss) for the period9904€180,576-€47,351▼
Profit (loss) for the period to be appropriated9905€180,576-€47,351▼
Appropriation of the result
Profit (loss) to be appropriated9906€180,576-€47,351▼
Transfer from equity791/2-€47,351
From reserves792-€47,351
Transfer to equity691/2€180,576€0▼
To other reserves6921€180,576€0▼
Social balance
Average headcount (FTE)90870.0-

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Operating charges60/66A-€15,791-
Services and other goods61-€15,537-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,895€0▼ 100%
Other operating charges640/8-€254-
Gross operating margin9900-€559--
Operating profit (loss)9901-€3,454-€15,791▼ 357%
Financial income75/76B€211,167€10,006▼ 95.3%
Recurring financial income75€211,167€10,006▼ 95.3%
Income from financial fixed assets750-€0-
Income from current assets751-€10,006-
Financial charges65/66B€27,137€41,566▲ 53.2%
Recurring financial charges65€27,137€41,566▲ 53.2%
Debt charges650-€41,206-
Other financial charges652/9-€361-
Profit (loss) for the period before taxes9903€180,576-€47,351▼ 126%
Profit (loss) for the period9904€180,576-€47,351▼ 126%
Profit (loss) for the period to be appropriated9905€180,576-€47,351▼ 126%
Line20242025Change
Assets
Total assets20/58€1.2m€1.0m▼ 15.9%
Fixed assets21/28€979,548€979,548=
Financial fixed assets28€979,548€979,548=
Affiliated companies280/1-€979,548-
Participating interests280-€979,548-
Current assets29/58€247,213€52,094▼ 78.9%
Stocks and contracts in progress3-€0-
Amounts receivable within one year40/41€231,025€33,735▼ 85.4%
Trade receivables40€210,135€0▼ 100%
Other amounts receivable41€20,889€33,735▲ 61.5%
Cash at bank and in hand54/58€15,594€11,323▼ 27.4%
Deferred charges and accrued income490/1€594€7,035▲ 1,084%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.0m▼ 15.9%
Equity10/15€188,076€140,725▼ 25.2%
Contributions10/11€7,500€7,500=
Reserves13€180,576€133,225▼ 26.2%
Distributable reserves133€180,576€133,225▼ 26.2%
Amounts payable17/49€1.0m€890,917▼ 14.2%
Amounts payable after more than one year17€405,124€225,467▼ 44.3%
Financial debts170/4€405,124€225,467▼ 44.3%
Credit institutions173-€225,467-
Amounts payable within one year42/48€630,231€658,352▲ 4.5%
Current portion of amounts payable after more than one year42€113,227€121,110▲ 7.0%
Trade debts44-€1,016-
Suppliers440/4-€1,016-
Other amounts payable47/48€517,004€536,227▲ 3.7%
Accrued charges and deferred income492/3€3,330€7,098▲ 113%
Line20242025Change
Profit (loss) for the period9904€180,576-€47,351▼ 126%
+ Depreciation and write-downs630€2,895€0▼ 100%
Operating cash flow (approximation)€183,470-€47,351▼ 126%
Investment in fixed assets (approximation)-€0-
Change in cash--€4,271-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2024
30-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Brugge · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
2.9 ha
Building footprint
2.4 ha
Volume, LiDAR
153,748 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
22
Kattegatstraat 205, 8380 BruggeHoldings
since 20232.347.959.729
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31808K0545/00M002 Flanders 1.5 ha 1 · 6,905 m² 10.7 m · 2 fl.
31812P0361/00T006 Flanders 1.4 ha 1 · 1.8 ha 11.1 m · 2 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

Part of the group R.W.M. 12 companies Group, risk and exposure

Owners and holdings

1 owner · 1 holding

Chain of control

  1. R.W.M. 99.95%
  2. HORECA TOTAAL BRUGGE 100%
  3. 22

Highest known parent: R.W.M.. The sources do not say who stands above it.

According to the 2025 annual accounts of 22 and those 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

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded26-06-2023
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0803175341
Also 9925:BE0803175341
Registered 19-03-2025

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.