4D MANAGEMENT
ActiveSummary
4D MANAGEMENT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161,434 and a net result of -€10,415. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-8
Solvency56▲+2
Growth64▼-17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.3 in 2024; short-term debt: 40.7% and cash: 5.7% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 d late
2024
28 d late
2023
33 d late
2022
on the day
2021
40 d early
2019
37 d early
2018
40 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€483,155▲ 51.3%
2019 · €319,355
EBIT margin
4.0%▼ 6.3pp
2019 · 10.4%
Net result
-€10,415
2024 · €22,152
Working capital
€62,963▼ 14.5%
2024 · €73,614
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Turnover€483,155
Operating result€91,206-€19,528▼ 78.6%-€11,038€35,277-€4,309
Net result€82,048within the sector's middle half-€13,680within the sector's middle half▼ 83.3%-€16,913below the sector's middle half€22,152within the sector's middle half-€10,415below the sector's middle half
EBIT margin4.0%
Equity€172,182within the sector's middle half-€166,610within the sector's middle half▼ 3.2%€149,697within the sector's middle half▼ 10.2%€171,849within the sector's middle half▲ 14.8%€161,434within the sector's middle half▼ 6.1%
Total assets€636,815within the sector's middle half-€549,622within the sector's middle half▼ 13.7%€579,051within the sector's middle half▲ 5.4%€599,386within the sector's middle half▲ 3.5%€516,061within the sector's middle half▼ 13.9%
Debt€464,633-€383,012▼ 17.6%€429,354▲ 12.1%€427,537▼ 0.4%€354,627▼ 17.1%
Working capital€53,052within the sector's middle half-€64,864within the sector's middle half▲ 22.3%€50,577within the sector's middle half▼ 22.0%€73,614within the sector's middle half▲ 45.5%€62,963within the sector's middle half▼ 14.5%
Solvency27.0%within the sector's middle half-30.3%within the sector's middle half▲ 3.3pp25.9%within the sector's middle half▼ 4.5pp28.7%within the sector's middle half▲ 2.8pp31.3%within the sector's middle half▲ 2.6pp
Current ratio1.27within the sector's middle half-1.54within the sector's middle half▲ 0.271.24within the sector's middle half▼ 0.301.30within the sector's middle half▲ 0.061.30within the sector's middle half=
Return on assets (ROA)12.9%within the sector's middle half-2.5%within the sector's middle half▼ 10.4pp-2.9%below the sector's middle half▼ 5.4pp3.7%within the sector's middle half▲ 6.6pp-2.0%below the sector's middle half▼ 5.7pp
Staff (FTE)3.2within the sector's middle half-3.2within the sector's middle half=3.2within the sector's middle half=3.3within the sector's middle half▲ 3.1%3.1within the sector's middle half▼ 6.1%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,309 after €35,277 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €516,061
Fixed assets
€243,090 ▼ 13.7%
Current assets
€272,971 ▼ 14.1%
Equity and liabilities €516,061
Equity
€161,434 ▼ 6.1%
Debt
€354,627 ▼ 17.1%
Debt's share of the balance-sheet total falls from 71.3% to 68.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34,189▼
2024 · €80,396
Cash flow
€28,083▼
2024 · €67,272
Debt to equity
2.20▼
2024 · 2.49
ROE
-6.5%▼
2024 · 12.9%
Interest coverage
5.86▼
2024 · 12.69
Debt ≤ 1 year
€210,008▼
2024 · €244,184
Debt > 1 year
€144,530▼
2024 · €182,900
Income taxes
€269▼
2024 · €6,858
Staff costs
€149,224▼
2024 · €172,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 6,915 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €483,155 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €266,210 | - | - | - | - |
| Remuneration, social security and pensions62 | €142,511 | €176,494 | €165,497 | €172,016 | €149,224 | ▼ 13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,967 | €51,846 | €48,786 | €45,119 | €38,498 | ▼ 14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €2,100 | €650 | - | - | - |
| Other operating charges640/8 | €6,895 | €1,964 | €2,501 | €2,308 | €4,567 | ▲ 97.8% |
| Gross operating margin9900 | €274,579 | €251,932 | €206,396 | €254,721 | €187,980 | ▼ 26.2% |
| Operating profit (loss)9901 | €91,206 | €19,528 | -€11,038 | €35,277 | -€4,309 | ▼ 112% |
| Financial income75/76B | €1 | €4 | €1,093 | €68 | €0 | ▼ 99.8% |
| Recurring financial income75 | €1 | €4 | €1,093 | €68 | €0 | ▼ 99.8% |
| Financial charges65/66B | €5,583 | €5,792 | €6,615 | €6,334 | €5,837 | ▼ 7.8% |
| Recurring financial charges65 | €5,583 | €5,792 | €6,615 | €6,334 | €5,837 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €85,624 | €13,740 | -€16,560 | €29,011 | -€10,146 | ▼ 135% |
| Income taxes67/77 | €3,575 | €60 | €352 | €6,858 | €269 | ▼ 96.1% |
| Profit (loss) for the period9904 | €82,048 | €13,680 | -€16,913 | €22,152 | -€10,415 | ▼ 147% |
| Profit (loss) for the period to be appropriated9905 | €82,048 | €13,680 | -€16,913 | €22,152 | -€10,415 | ▼ 147% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €636,815 | €549,622 | €579,051 | €599,386 | €516,061 | ▼ 13.9% |
| Fixed assets21/28 | €387,013 | €365,641 | €321,424 | €281,588 | €243,090 | ▼ 13.7% |
| Intangible fixed assets21 | €3,043 | €3,805 | €4,367 | €2,749 | €1,152 | ▼ 58.1% |
| Tangible fixed assets22/27 | €383,970 | €361,835 | €317,057 | €278,839 | €241,937 | ▼ 13.2% |
| Land and buildings22 | €283,655 | €269,547 | €253,644 | €237,741 | €221,838 | ▼ 6.7% |
| Plant, machinery and equipment23 | €76,273 | €78,577 | €57,584 | €38,835 | €20,099 | ▼ 48.2% |
| Furniture and vehicles24 | €24,042 | €13,711 | €5,829 | €2,262 | - | - |
| Current assets29/58 | €249,802 | €183,981 | €257,627 | €317,798 | €272,971 | ▼ 14.1% |
| Amounts receivable within one year40/41 | €103,805 | €121,160 | €228,040 | €258,720 | €224,923 | ▼ 13.1% |
| Trade receivables40 | €79,682 | €110,958 | €223,369 | €253,939 | €224,403 | ▼ 11.6% |
| Other amounts receivable41 | €24,123 | €10,202 | €4,670 | €4,781 | €520 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €123,011 | €53,637 | €25,862 | €30,325 | €29,371 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €22,986 | €9,185 | €3,725 | €28,753 | €18,677 | ▼ 35.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €636,815 | €549,622 | €579,051 | €599,386 | €516,061 | ▼ 13.9% |
| Equity10/15 | €172,182 | €166,610 | €149,697 | €171,849 | €161,434 | ▼ 6.1% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Outside capital11 | €60,000 | - | - | - | - | - |
| Other1109/19 | €60,000 | - | - | - | - | - |
| Reserves13 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Non-distributable reserves130/1 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Reserves not available under the articles1311 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €106,182 | €100,610 | €83,697 | €105,849 | €95,434 | ▼ 9.8% |
| Amounts payable17/49 | €464,633 | €383,012 | €429,354 | €427,537 | €354,627 | ▼ 17.1% |
| Amounts payable after more than one year17 | €267,883 | €263,895 | €221,835 | €182,900 | €144,530 | ▼ 21.0% |
| Financial debts170/4 | €267,883 | €263,895 | €221,835 | €182,900 | €144,530 | ▼ 21.0% |
| Amounts payable within one year42/48 | €196,750 | €119,117 | €207,049 | €244,184 | €210,008 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | €35,992 | €41,268 | €42,060 | €38,936 | €38,370 | ▼ 1.5% |
| Financial debts43 | €1,269 | €1,321 | - | - | - | - |
| Credit institutions430/8 | €1,269 | €1,321 | - | - | - | - |
| Trade debts44 | €89,215 | €36,381 | €104,233 | €146,741 | €120,901 | ▼ 17.6% |
| Suppliers440/4 | €89,215 | €36,381 | €104,233 | €146,741 | €120,901 | ▼ 17.6% |
| Taxes, remuneration and social security45 | €16,274 | €20,896 | €60,756 | €58,507 | €50,520 | ▼ 13.7% |
| Taxes450/3 | €9 | €3,931 | €33,114 | €39,036 | €28,540 | ▼ 26.9% |
| Remuneration and social security454/9 | €16,265 | €16,965 | €27,642 | €19,471 | €21,980 | ▲ 12.9% |
| Other amounts payable47/48 | €54,000 | €19,252 | - | - | €216 | - |
| Accrued charges and deferred income492/3 | - | - | €470 | €453 | €89 | ▼ 80.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,048 | €13,680 | -€16,913 | €22,152 | -€10,415 | ▼ 147% |
| + Depreciation and write-downs630 | €33,967 | €51,846 | €48,786 | €45,119 | €38,498 | ▼ 14.7% |
| Operating cash flow (approximation) | €116,015 | €65,526 | €31,874 | €67,272 | €28,083 | ▼ 58.3% |
| Investment in fixed assets (approximation) | - | -€30,473 | -€4,570 | -€5,283 | €0 | ▲ 100% |
| Change in cash | - | -€69,374 | -€27,775 | €4,464 | -€955 | ▼ 121% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €22,152
Net result €22,152 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €171,849 ▲14.8%
Equity rises from €149,697 to €171,849.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 33 days late
2023
31-12
Financial
Weakest financial yearnet -€16,913
Net result drops to -€16,913, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €82,048 ▲224%
Operating result €91,206, net result €82,048, both a record.
31-12
Financial
Equity above €150,000Eq €172,182 ▲70.8%
3 profitable years in a row build equity to €172,182.
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100,000Eq €100,783 ▲33.5%
2 profitable years in a row build equity to €100,783.
Show earlier events
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
08-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
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, Chaudfontaine · 1 establishment unit since 2014
Ground area
488 m²
Building footprint
60 m²
Volume, LiDAR
429 m³
Parcel 62012A0174/00Z000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
4D MANAGEMENT
since 20142.232.771.041
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012A0174/00Z000 | Wallonia | 487 m² | 1 · 60 m² | 8.3 m · 2 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
2 ownersChain of control
- TERMINALIA
- VINALIA
- 4D MANAGEMENT
Highest known parent: TERMINALIA. The sources do not say who stands above it.
Owners 2
- VINALIAparent100%
-
50%
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
No current directors or connected companies found in the register.
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Of 1,758 companies in sector 71122 we hold annual accounts for 771. 659 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
Founded13-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
68110Buying and selling of own real estate
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0553785965
Registered
16-12-2025
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.