Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower solvency than 95% of companies in human health. Sector median 63.0% · 21,311 companies.
In July 2024, 1,322 companies had the same profile as ACTIPH has now. Each dot stands for 4 companies, two years later.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,322 companies, not a prediction for ACTIPH. 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.
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.
| Company | ||||
|---|---|---|---|---|
| ACTIPH Spa | - | - | -76.3% | - |
| Vedra Future Pelt | - | - | -13.3% | - |
| Sunlight Therapy Leuven | €1,000 | - | -160.9% | - |
| Origin's Elements Tongeren-Borgloon | €3,600 | 31.2% | 56.0% | - |
| ADDENDI Antwerp | - | - | 48.8% | - |
| L'intelligence des mains Houyet | - | - | 30.5% | - |
| Venedis Brussels | - | - | 76.1% | - |
These companies have the same main activity as ACTIPH: nutrition and dietetics services (NACE 86995). They are comparable in size and age: total assets between €4,410 and €10,200, founded between 2023 and 2025.
ACTIPH has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,564) and a net result of -€8,564.
Its solvency ranks better than 5% of 21,311 sector peers (NACE 86, financial year 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.
Lower than 95% of 21,311 companies in 2025.
Higher than 7% of 20,862 companies in 2025.
Lower than 95% of 21,162 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
7,297 | |
21/28 |
746 | |
22/27 |
746 | |
24 |
746 | |
29/58 |
6,551 | |
40/41 |
790 | |
40 |
790 | |
54/58 |
330 | |
490/1 |
5,431 | |
| Balance sheet: equity and liabilities | ||
10/49 |
7,297 | |
10/15 |
-5,564 | |
10/11 |
3,000 | |
14 |
-8,564 | |
17/49 |
12,861 | |
42/48 |
12,861 | |
44 |
3,453 | |
440/4 |
3,453 | |
45 |
646 | |
450/3 |
646 | |
47/48 |
8,763 | |
| Income statement | ||
9900 |
-6,744 | |
630 |
129 | |
640/8 |
546 | |
9901 |
-7,418 | |
75/76B |
1 | |
75 |
1 | |
65/66B |
1,044 | |
65 |
1,044 | |
9903 |
-8,462 | |
67/77 |
102 | |
9904 |
-8,564 | |
9905 |
-8,564 | |
| Appropriation of the result | ||
9906 |
-8,564 | |
| Document | ||
The notes to these accounts have 5 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 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00147839 |
| Line | Trend | 2025 |
|---|---|---|
| -7,290 | ||
| -8,435 | ||
| 875 | ||
| -6,311 | ||
| -76.3% | ||
| 0.51 | ||
| -117.4% | ||
| -6.98 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2025 |
|---|---|
| Tangible fixed assets | €875 |
| €129 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€12,861) exceeds the balance-sheet total (€7,297).
ACTIPH has no parent and no holdings in its annual accounts. is the only director. ACTIPH shares no director with another company.
| Lejeune, Dylan (sole trader)
establishment since 18-05-2026 |
founded in 2026 1038.020.952 |
| Association des copropriétaires de la RESIDENCE LES THERMES, à 4900 Spa, rue Léopold 1
registered office since 01-01-2008 |
founded in 1999 0855.684.807 |
| Les Heures Claires
registered office since 20-05-1969 |
founded in 1969 0406.517.793 |
| Hotel de Laeken
registered office since 01-01-1948 |
founded in 1948 0402.462.896 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue Léopold 1 registered office 4900 Spa | 17-02-2025 | 2.370.737.705 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 63072G0752/00L000 | 875 m² | 1 · 755 m² | 23.2 m · 7 |
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