Equity
2B has made a profit without a break since 2021.
2B has made a profit without a break since 2021.
The result rose in 2025 from €100,481 to €2.2m.
The micro format states no turnover.
Green is investment, beige is depreciation.
Seven of the last ten came late. The 2016 accounts came latest: 277 days after the end of the period.
Higher net result than 95% of companies in advertising and market research. Sector median €14,813 · 8,612 companies.
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 63% of them on solvency, 21% on liquidity, 50% on profitability and 94% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 31,368 companies had the same profile as 2B has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 2B itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for 2B. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.56 (1.3 in 2024), above the usual 1.5. Short-term debt is 40% and cash 0.1% of total assets. 40.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| 2B Aalter | €6.6m | €322,044 | 59.9% | - |
| CAR MANAGEMENT Bree | €6.5m | €292,356 | 81.1% | - |
| BEL MBA Grez-Doiceau | €5.6m | €333,881 | 46.4% | - |
| GRAYLING Etterbeek | €5.3m | €317,559 | 67.2% | 8.9 |
| E.G.R. CENTER Zonhoven | €5.1m | €413,738 | 28.1% | 0 |
| EDELWEISS ANNO 2015 Sint-Martens-Latem | €8.5m | €222,381 | 12.1% | - |
| VELIS Ichtegem | €5.8m | €492,226 | 40.2% | - |
These companies have the same main activity as 2B: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €5.1m and €8.5m, founded between 1985 and 2002.
2B files the micro format. That format states no turnover. The gross margin rose from €267,789 in 2006 to €322,044 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €620,000. Estimated: probably between €430,000 and €810,000.
Higher than 56% of 8,611 companies in 2025.
Higher than 40% of 8,288 companies in 2025.
Higher than 79% of 8,397 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
6.6m | 4.4m | 3.4m | 3.4m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 3.0m | 3.3m | 3.3m | 3.6m | 2.3m | 2.3m | 1.8m | 1.5m | 945,156 | 668,167 | 689,605 | |
21/28 |
2.5m | 1.1m | 1.1m | 15,200 | 15,200 | 15,200 | 15,200 | 15,352 | 18,554 | 42,823 | 61,052 | 71,322 | 108,150 | 45,196 | 131,324 | 381,487 | 389,938 | 181,062 | 183,377 | 172,696 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 97,500 | 337,500 | 337,500 | 150,000 | 150,000 | 150,000 | |
22/27 |
10,978 | 6,230 | - | - | - | - | - | 152 | 304 | 10,045 | 20,091 | 30,361 | 41,662 | 2,391 | 922 | 777 | 9,228 | 4,352 | 11,377 | 22,696 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,181 | 1,029 | - | - | |
24 |
10,978 | 6,230 | - | - | - | - | - | 152 | 304 | 10,045 | 20,091 | 30,361 | 41,662 | 2,391 | 922 | 777 | 2,047 | 3,323 | 11,377 | 22,696 | |
28 |
2.5m | 1.1m | 1.1m | 15,200 | 15,200 | 15,200 | 15,200 | 15,200 | 18,249 | 32,777 | 40,961 | 40,961 | 66,488 | 42,805 | 32,902 | 43,210 | 43,210 | 26,710 | 22,000 | - | |
29/58 |
4.1m | 3.3m | 2.3m | 3.3m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 2.9m | 3.2m | 3.3m | 3.5m | 2.3m | 2.2m | 1.4m | 1.1m | 764,094 | 484,790 | 516,909 | |
29 |
- | - | - | 552,500 | 1.4m | 1.6m | 2.1m | 2.8m | 2.8m | 2.6m | 2.9m | 3.0m | 2.8m | 1.3m | 884,000 | 686,489 | 289,717 | 155,000 | 65,000 | 165,000 | |
291 |
- | - | - | 552,500 | 1.4m | 1.6m | 2.1m | 2.8m | 2.8m | 2.6m | 2.9m | 3.0m | 2.8m | 1.3m | 884,000 | 686,489 | 289,717 | 155,000 | 65,000 | 165,000 | |
40/41 |
3.9m | 3.2m | 2.3m | 2.6m | 604,056 | 78,296 | 68,854 | 38,738 | 45,070 | 44,891 | 97,461 | 107,328 | 304,500 | 163,747 | 370,550 | 184,415 | 579,708 | 450,184 | 298,277 | 187,477 | |
40 |
76,510 | 97,647 | 143,732 | 79,739 | 74,056 | 38,296 | 63,854 | 38,738 | 45,070 | 44,891 | 97,461 | 87,541 | 249,870 | 45,246 | 316,253 | 153,770 | 167,950 | 180,183 | 212,623 | 126,095 | |
41 |
3.8m | 3.1m | 2.2m | 2.6m | 530,000 | 40,000 | 5,000 | - | - | - | - | 19,787 | 54,630 | 118,501 | 54,297 | 30,645 | 411,758 | 270,001 | 85,654 | 61,382 | |
50/53 |
- | - | - | - | - | - | - | - | - | 39,600 | 39,600 | 39,600 | 39,600 | 39,600 | - | - | - | - | - | - | |
54/58 |
3,559 | 1,367 | 4,089 | 17,809 | 87,023 | 246,804 | 63,752 | 42,542 | 31,001 | 204,902 | 126,548 | 54,363 | 360,882 | 758,466 | 935,758 | 521,408 | 212,166 | 156,046 | 117,011 | 159,930 | |
490/1 |
250,847 | 109,456 | 2,476 | 140,907 | 40,332 | 1,332 | 1,332 | 1,949 | - | 570 | 66,497 | 18,427 | 1,599 | 2,714 | 2,993 | 2,992 | 2,995 | 2,864 | 4,502 | 4,502 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
6.6m | 4.4m | 3.4m | 3.4m | 2.1m | 1.9m | 2.3m | 2.9m | 2.9m | 3.0m | 3.3m | 3.3m | 3.6m | 2.3m | 2.3m | 1.8m | 1.5m | 945,156 | 668,167 | 689,605 | |
10/15 |
4.0m | 1.8m | 1.7m | 1.1m | 658,251 | 471,148 | 728,744 | 1.3m | 1.3m | 1.5m | 1.8m | 1.8m | 2.1m | 2.1m | 1.7m | 1.6m | 1.2m | 844,692 | 614,412 | 464,623 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
4.0m | 1.8m | 1.7m | 1.0m | 639,659 | 452,556 | 710,152 | 1.3m | 2.1m | 2.1m | 2.1m | 2.1m | 2.1m | 2.0m | 1.7m | 1.6m | 1.2m | 826,100 | 610,038 | 610,038 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 99,000 | 468,750 | 468,750 | 468,750 | 375,000 | 375,000 | 375,000 | |
133 |
4.0m | 1.8m | 1.7m | 1.0m | 637,800 | 450,696 | 708,293 | 1.2m | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 1.9m | 1.3m | 1.1m | 716,384 | 449,241 | 233,179 | 233,179 | |
14 |
- | - | - | - | - | - | - | - | -784,654 | -640,841 | -312,879 | -260,949 | - | - | - | - | - | - | -14,218 | -164,007 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 314,000 | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 314,000 | - | - | - | - | - | |
17/49 |
2.7m | 2.6m | 1.7m | 2.3m | 1.4m | 1.4m | 1.6m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 292,637 | 271,312 | 160,796 | 268,939 | 100,464 | 53,755 | 224,982 | |
17 |
- | - | 64,286 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
- | - | 64,286 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
2.7m | 2.6m | 1.6m | 2.3m | 1.4m | 1.4m | 1.6m | 1.6m | 1.6m | 1.5m | 1.5m | 1.5m | 1.5m | 292,637 | 271,312 | 160,796 | 268,934 | 100,425 | 53,099 | 224,119 | |
42 |
1.4m | 1.5m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 1.4m | 105,000 | 105,000 | 105,000 | 15,000 | 15,000 | 6,250 | 18,750 | |
43 |
- | - | - | - | - | - | - | - | - | - | 45,041 | 20,609 | 15,884 | 11,159 | 6,434 | 2,819 | 765 | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | 45,041 | 20,609 | 15,884 | 11,159 | 6,434 | 2,819 | 765 | - | - | - | |
44 |
77,717 | 7,372 | 43,028 | 71,197 | 4,005 | 9,940 | 8,756 | 6,449 | 6,017 | 8,127 | 8,247 | 10,703 | 4,766 | 4,158 | 27 | 3,088 | 18,970 | 4,354 | 3,806 | 5,089 | |
440/4 |
77,717 | 7,372 | 43,028 | 71,197 | 4,005 | 9,940 | 8,756 | 6,449 | 6,017 | 8,127 | 8,247 | 10,703 | 4,766 | 4,158 | 27 | 3,088 | 18,970 | 4,354 | 3,806 | 5,089 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 11,575 | - | - | - | - | - | - | |
45 |
118,693 | 59,380 | 24,106 | 14,345 | 25,323 | 1,899 | 15,829 | 18,110 | 5,775 | 13,591 | 10,094 | 47,977 | 3,244 | 65,687 | 126,552 | 24,889 | 43,525 | 78,200 | 41,551 | 49,970 | |
450/3 |
103,926 | 49,406 | 22,673 | 14,345 | 25,323 | 1,899 | 1,899 | 715 | 5,775 | 10,283 | 10,094 | 47,977 | 3,244 | 63,937 | 121,302 | 24,889 | 40,025 | 78,200 | 38,051 | 45,612 | |
454/9 |
14,768 | 9,973 | 1,433 | - | - | - | 13,929 | 17,395 | - | 3,308 | - | - | - | 1,750 | 5,250 | - | 3,500 | - | 3,500 | 4,358 | |
47/48 |
1.1m | 987,833 | 96,040 | 835,687 | 28,474 | 30,788 | 145,301 | 235,645 | 219,065 | 86,677 | 24,037 | - | 29,180 | 95,058 | 33,299 | 25,000 | 190,674 | 2,871 | 1,492 | 150,310 | |
492/3 |
1,000 | 28,400 | - | - | - | - | - | - | - | - | 8 | 90 | 533 | - | - | - | 5 | 39 | 656 | 863 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | 10,600 | - | - | 15,064 | 10,122 | 50,000 | - | 315,200 | - | - | - | - | - | - | |
9900 |
322,044 | 286,742 | 795,350 | 365,939 | 147,339 | -19,189 | -62,274 | -72,130 | -160,748 | -328,614 | -186,346 | -175,785 | -32,582 | 28,983 | 757,188 | 513,471 | 418,174 | 288,472 | 193,677 | 267,789 | |
62 |
79,389 | 76,041 | 11,044 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
7,437 | 3,770 | - | - | - | - | 152 | 152 | 10,196 | 10,045 | 10,271 | 11,301 | 11,631 | 1,621 | 845 | 2,569 | 5,886 | 13,185 | 11,319 | 11,684 | |
640/8 |
144 | 141 | 132 | 122 | 120 | 119 | 133 | 130 | 14,925 | 125 | 125 | 190,124 | 2,275 | 2,030 | 2,577 | 2,048 | 2,027 | 3,437 | 1,163 | 1,331 | |
66A |
- | - | - | - | - | 282,320 | 600,000 | - | - | - | - | 20,000 | - | 187,500 | - | 5,667 | - | - | - | - | |
9901 |
235,074 | 206,790 | 784,174 | 365,817 | 147,219 | -301,628 | -662,558 | -72,411 | -185,869 | -338,784 | -196,741 | -377,209 | -46,488 | 25,332 | 753,766 | 508,854 | 410,261 | 271,850 | 181,195 | 254,774 | |
75/76B |
2.1m | 57,219 | 10,004 | 39,030 | 44,351 | 44,658 | 92,558 | 62,240 | 90,992 | 17,455 | 151,955 | 145,544 | 220,260 | 164,790 | 26,448 | 10,838 | 40,840 | 7,690 | 8,287 | 11,739 | |
75 |
2.1m | 57,219 | 10,004 | 39,030 | 44,351 | 44,658 | 92,558 | 62,240 | 90,992 | 17,455 | 141,833 | 95,544 | 220,260 | 164,790 | 26,448 | 10,838 | 40,840 | 7,690 | 8,287 | 11,739 | |
76B |
- | - | - | - | - | - | - | - | - | - | 10,122 | 50,000 | - | - | - | - | - | - | - | - | |
65/66B |
136,417 | 130,362 | 67,436 | 4,185 | 4,206 | 31 | 24 | 6,740 | 48,809 | 6,381 | 6,665 | 28,562 | 7,067 | 6,467 | 6,566 | 3,649 | 947 | 319 | 1,204 | 733 | |
65 |
136,417 | 130,362 | 67,436 | 4,185 | 4,206 | 31 | 24 | 6,740 | 46,895 | 6,381 | 6,665 | 8,562 | 7,067 | 6,467 | 6,566 | 3,649 | 947 | 319 | 1,204 | 733 | |
66B |
- | - | - | - | - | - | - | - | 1,914 | - | - | 20,000 | - | - | - | - | - | - | - | - | |
9903 |
2.2m | 133,647 | 726,742 | 400,662 | 187,364 | -257,001 | -570,024 | -16,911 | -143,686 | -327,710 | -51,451 | -260,227 | 166,705 | 311,355 | 773,648 | 510,376 | 450,154 | 279,221 | 188,278 | 265,780 | |
67/77 |
76,635 | 33,166 | 61,665 | -107 | 260 | 596 | 751 | 979 | 127 | 252 | 479 | 722 | 115,292 | 17 | 133,033 | 99,966 | 89,261 | 48,941 | 38,489 | 54,787 | |
9904 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -570,775 | -17,890 | -143,813 | -327,962 | -51,930 | -260,949 | 51,413 | 311,338 | 640,615 | 410,410 | 360,893 | 230,280 | 149,789 | 210,993 | |
789 |
- | - | - | - | - | - | 99,000 | - | - | - | - | - | - | 37,500 | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 99,000 | - | - | 468,750 | - | - | 375,000 | |
9905 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -471,775 | -17,890 | -143,813 | -327,962 | -51,930 | -260,949 | 51,413 | 249,838 | 640,615 | 410,410 | -107,857 | 230,280 | 149,789 | -164,007 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | -257,597 | -471,775 | -802,544 | -784,654 | -640,841 | -312,879 | -260,949 | 51,413 | 249,838 | 640,615 | 410,410 | -107,857 | 216,062 | -14,218 | -164,007 | |
791/2 |
- | - | - | - | - | 257,597 | 570,775 | 802,544 | - | - | - | - | - | - | - | - | 107,857 | - | - | - | |
691/2 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | - | 99,000 | - | - | - | - | - | 51,413 | 249,838 | 640,615 | 410,410 | - | 216,062 | - | - | |
6921 |
2.2m | 100,481 | 665,077 | 400,770 | 187,104 | - | 99,000 | - | - | - | - | - | 51,413 | 249,838 | 640,615 | 410,410 | - | 216,062 | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1 | 1 | 0.3 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
1,752 | 1,779 | 292 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432902.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00432902 | |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00117770 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00237817 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00351461 | |
| 31-12-2021 | micro format | 21-06-2022 | 2022-20076615 | |
| 31-12-2020 | micro format | 14-10-2021 | 2021-72200546 | |
| 31-12-2019 | micro format | 14-09-2020 | 2020-53800075 | |
| 31-12-2018 | micro format | 03-12-2019 | 2019-75200058 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-66500456 | |
| 31-12-2016 | abbreviated format | 04-05-2018 | 2018-12200169 | |
| 31-12-2015 | abbreviated format | 04-05-2018 | 2018-12200093 | |
| 31-12-2014 | abbreviated format | 04-05-2018 | 2018-12200166 | |
| 31-12-2013 | abbreviated format | 14-09-2016 | 2016-59700198 | |
| 31-12-2012 | abbreviated format | 18-02-2014 | 2014-04200188 | |
| 31-12-2011 | abbreviated format | 05-09-2013 | 2013-57500319 | |
| 31-12-2010 | abbreviated format | 12-05-2011 | 2011-11100252 | |
| 31-12-2009 | abbreviated format | 13-08-2010 | 2010-41300347 | |
| 31-12-2008 | abbreviated format | 19-11-2009 | 2009-85600071 | |
| 31-12-2007 | abbreviated format | 28-08-2008 | 2008-68300312 | |
| 31-12-2006 | abbreviated format | 22-08-2007 | 2007-59800120 | |
| 31-12-2005 | abbreviated format | 07-07-2006 | 2006-43400187 | |
| 31-12-2004 | abbreviated format | 27-05-2005 | 2005-17804452 | |
| 31-12-2003 | abbreviated format | 23-09-2004 | 2004-66300269 | |
| 31-12-2002 | abbreviated format | 22-04-2003 | 2003-11503284 | |
| 31-12-2001 | abbreviated format | 22-11-2002 | 2002-73200645 | |
| 31-12-2000 | abbreviated format | 12-10-2001 | 2001-64102680 | |
| 31-12-1999 | abbreviated format | 10-08-2000 | 2000-50802035 | |
| 31-12-1998 | abbreviated format | 22-09-1999 | 1999-48301116 | |
| 31-12-1997 | abbreviated format | 30-09-1998 | 1998-50302293 | |
| 31-12-1996 | abbreviated format | 25-07-1997 | 1997-33702053 | |
| 31-12-1995 | abbreviated format | 05-07-1996 | 1996-28400252 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 242,511 | 210,561 | - | - | - | - | -662,407 | -72,260 | -175,672 | -328,739 | -186,470 | -365,909 | -34,857 | 26,953 | 754,611 | 511,423 | 416,147 | 285,035 | 192,514 | 266,458 | ||
| 2.2m | 104,251 | - | - | - | - | -570,624 | -17,739 | -133,617 | -317,916 | -41,660 | -249,648 | 63,044 | 312,959 | 641,460 | 412,979 | 366,779 | 243,465 | 161,108 | 222,677 | ||
| 12,186 | 34,460 | 1.0m | - | - | - | 0 | -3,050 | 455 | -8,183 | 0 | -25,527 | 74,585 | 12,993 | 990 | 784 | 214,762 | 10,870 | 22,000 | 165,861 | ||
| 2,192 | -2,722 | -13,720 | -69,214 | -159,782 | 183,053 | 21,210 | 11,541 | -173,901 | 78,354 | 72,186 | -306,519 | -397,584 | -177,292 | 414,350 | 309,242 | 56,120 | 39,035 | -42,919 | - | ||
| 1.5m | 759,774 | 725,868 | 1.0m | 643,051 | 455,948 | 713,544 | 1.3m | 1.3m | 1.4m | 1.7m | 1.8m | 2.0m | 2.0m | 1.9m | 1.2m | 815,652 | 663,669 | 431,691 | 292,790 | ||
| 59.9% | 41.4% | 50.7% | 31.5% | 31.4% | 24.8% | 31.9% | 44.2% | 44.9% | 49.5% | 54.4% | 55.2% | 58.9% | 87.5% | 74.8% | 91.0% | 81.8% | 89.4% | 92.0% | 67.4% | ||
| 1.56 | 1.30 | 1.45 | 1.45 | 1.45 | 1.32 | 1.46 | 1.78 | 1.80 | 1.95 | 2.15 | 2.19 | 2.36 | 7.85 | 8.08 | 8.68 | 4.03 | 7.61 | 9.13 | 2.31 | ||
| 0.67 | 1.41 | 0.97 | 2.18 | 2.19 | 3.03 | 2.13 | 1.26 | 1.23 | 1.02 | 0.84 | 0.81 | 0.70 | 0.14 | 0.16 | 0.10 | 0.22 | 0.12 | 0.09 | 0.48 | ||
| 54.2% | 5.5% | 38.6% | 37.8% | 28.4% | -54.7% | -78.3% | -1.4% | -10.9% | -22.4% | -2.9% | -14.2% | 2.4% | 15.2% | 36.8% | 25.4% | 29.9% | 27.3% | 24.4% | 45.4% | ||
| 32.5% | 2.3% | 19.6% | 11.9% | 8.9% | -13.6% | -25.0% | -0.6% | -4.9% | -11.1% | -1.6% | -7.8% | 1.4% | 13.3% | 27.6% | 23.1% | 24.5% | 24.4% | 22.4% | 30.6% | ||
| 1.78 | 1.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | - | 1 |
| full-time | 1 | - | 1 |
| in full-time equivalents | 1 | - | 1 |
| 1 | 1 | 0.3 | |
| On a permanent contract | 1 | - | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €12,186 | €10,000 | - | - | - |
| Financial fixed assets | - | €24,460 | €1.0m | - | - |
| €7,437 | €3,770 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 14% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 58.6% to 40.1%. Equity and debt are higher.
| TERRA
registered office since 04-09-2007 · founded in 2007 |
total assets €12.1m (2025) 0891.830.074 |
| 4U
registered office since 01-10-2025 · founded in 2008 |
total assets €6.0m (2025) 0808.163.616 |
| Belle
registered office since 16-03-2010 · founded in 2010 |
0.8 FTE (2025) 0823.358.071 |
| Metal Service Belgium
registered office since 24-02-2017 · founded in 2017 |
1.9 FTE (2025) 0671.810.914 |
| Philip Lampaert
registered office since 17-06-2013 · founded in 2013 |
1 FTE (2025) 0526.867.871 |
| IMMOCULATION
registered office since 13-06-1996 · founded in 1996 |
1 FTE (2025) 0458.161.385 |
| LC SERVICES
establishment since 01-06-2023 · founded in 2007 |
1 FTE (2025) 0886.758.756 |
| IMOBILIS
registered office since 18-12-2023 · founded in 2023 |
total assets €682,043 (2025) 1003.500.533 |
| GROEP 4U
registered office since 01-09-2023 |
founded in 2023 0804.520.374 |
| DAELMAN FOTOGRAFIE
registered office since 09-06-1994 |
founded in 1993 0451.803.927 |
| Ferro via HANSSENS Guy, no longer at Ferro · Director (not named in the articles) · deed of 08-01-2024 founded in 2013 |
total assets €8.0m (2025) |
| Philip Lampaert via HANSSENS Guy, no longer at Philip Lampaert · Director (not named in the articles) · deed of 23-01-2024 founded in 2013 |
1 FTE (2025) |
| Isa via HANSSENS Guy, no longer at Isa · Director (not named in the articles) · deed of 13-06-2025 founded in 2002 |
total assets €161,320 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Bellemstraat 165 registered office 9880 Aalter 64929 Financial service activities, except insurance and pension funding | 23-09-1994 | 2.068.325.456 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44502C0314/00_000 | 1,578 m² | 1 · 218 m² | 11.4 m · 3 |
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