Addendum
ActiveSummary
Addendum has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,981 and a net result of €292,717. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 42% of 4,113 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €88,981
- Profit
- €292,717
Why 92lowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €257,598Figures for financial year 2025 (filed 31-07-2026)Liquidity: current ratio 1.53, cash €34,683Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 69, micro): better than 33% on solvency, 10% on liquidity, 82% on profitability and 14% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 6 days after the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Highest result from 2018 to 2025net €292,717 ▲145%
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 144% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €539 | - | - | - | - | - | - | €93 | - |
| Other operating charges640/8 | - | - | - | €509 | €497 | €534 | €560 | €472 | ▼ 15.7% |
| Gross operating margin9900 | €36,799 | €40,970 | €91,372 | €84,628 | €136,024 | €151,940 | €161,718 | €394,347 | ▲ 144% |
| Operating profit (loss)9901 | €34,943 | €40,462 | €90,862 | €84,119 | €135,527 | €151,406 | €161,158 | €393,782 | ▲ 144% |
| Financial income75/76B | - | - | - | - | €0 | €0 | €1 | €2 | ▲ 10.7% |
| Recurring financial income75 | €7 | - | - | - | €0 | €0 | €1 | €2 | ▲ 10.7% |
| Financial charges65/66B | - | - | - | €429 | €500 | €768 | €355 | €331 | ▼ 6.8% |
| Recurring financial charges65 | €1,462 | €1,343 | €1,067 | €429 | €500 | €768 | €355 | €331 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €33,489 | €39,119 | €89,824 | €83,690 | €135,026 | €150,637 | €160,805 | €393,452 | ▲ 145% |
| Income taxes67/77 | €21,602 | €13,375 | €23,020 | €21,802 | €35,667 | €38,368 | €41,510 | €100,736 | ▲ 143% |
| Profit (loss) for the period9904 | €11,887 | €25,744 | €66,804 | €61,888 | €99,360 | €112,269 | €119,295 | €292,717 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | €11,887 | €25,744 | €67,531 | €61,888 | €99,360 | €112,269 | €119,295 | €292,717 | ▲ 145% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €115,633 | €129,013 | €104,273 | €99,144 | €158,403 | €153,256 | €152,092 | €257,598 | ▲ 69.4% |
| Fixed assets21/28 | - | - | - | - | - | - | - | €203 | - |
| Tangible fixed assets22/27 | - | - | - | €0 | - | - | - | €203 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €203 | - |
| Current assets29/58 | €115,633 | €129,013 | €104,273 | €99,144 | €158,403 | €153,256 | €152,092 | €257,395 | ▲ 69.2% |
| Amounts receivable within one year40/41 | €36,582 | €38,443 | €40,027 | €40,050 | - | €97,021 | €92,769 | €222,491 | ▲ 140% |
| Trade receivables40 | - | - | - | €50 | - | €101 | €837 | €222,491 | ▲ 266× |
| Other amounts receivable41 | - | - | - | €40,000 | - | €96,920 | €91,932 | - | - |
| Cash at bank and in hand54/58 | €78,839 | €90,357 | €64,033 | €58,881 | €158,190 | €56,021 | €59,111 | €34,683 | ▼ 41.3% |
| Deferred charges and accrued income490/1 | - | - | - | €213 | €213 | €213 | €211 | €221 | ▲ 4.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €115,633 | €129,013 | €104,273 | €99,144 | €158,403 | €153,256 | €152,092 | €257,598 | ▲ 69.4% |
| Equity10/15 | €42,404 | €21,648 | €20,952 | €82,840 | €120,700 | €133,969 | €141,264 | €88,981 | ▼ 37.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,804 | €3,048 | €2,352 | €64,240 | €102,100 | €115,369 | €122,664 | €70,381 | ▼ 42.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €62,380 | €100,240 | €115,369 | €122,664 | €70,381 | ▼ 42.6% |
| Amounts payable17/49 | €73,229 | €107,365 | €83,321 | €16,304 | €37,703 | €19,286 | €10,828 | €168,617 | ▲ 16× |
| Amounts payable after more than one year17 | €50,000 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €22,007 | €107,027 | €83,248 | €16,228 | €37,619 | €19,201 | €10,740 | €168,528 | ▲ 16× |
| Financial debts43 | - | - | - | €5,157 | €5,156 | €5,208 | - | - | - |
| Credit institutions430/8 | - | - | - | €5,157 | €5,156 | €5,208 | - | - | - |
| Trade debts44 | €428 | €282 | €36 | €1,740 | €308 | €274 | €1,232 | €298 | ▼ 75.8% |
| Suppliers440/4 | - | - | - | €1,740 | €308 | €274 | €1,232 | €298 | ▼ 75.8% |
| Taxes, remuneration and social security45 | - | - | - | €6,188 | €25,340 | €4,941 | €7,302 | €27,139 | ▲ 272% |
| Taxes450/3 | - | - | - | €6,188 | €25,340 | €4,941 | €7,302 | €27,139 | ▲ 272% |
| Other amounts payable47/48 | - | - | - | €3,143 | €6,815 | €8,778 | €2,206 | €141,091 | ▲ 64× |
| Accrued charges and deferred income492/3 | - | - | - | €76 | €85 | €85 | €88 | €89 | ▲ 1.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,887 | €25,744 | €66,804 | €61,888 | €99,360 | €112,269 | €119,295 | €292,717 | ▲ 145% |
| + Depreciation and write-downs630 | €539 | - | - | - | - | - | - | €93 | - |
| Operating cash flow (approximation) | €12,426 | €25,744 | €66,804 | €61,888 | €99,360 | €112,269 | €119,295 | €292,810 | ▲ 145% |
| Change in cash | - | €11,517 | -€26,323 | -€5,152 | €99,309 | -€102,169 | €3,090 | -€24,429 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-07-2026 | 2026-00364684 |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00391010 |
| 31-12-2023 | abbreviated format | 14-08-2024 | 2024-00346141 |
| 31-12-2022 | abbreviated format | 09-08-2023 | 2023-00323746 |
| 31-12-2021 | abbreviated format | 30-07-2022 | 2022-20253373 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43700013 |
| 31-12-2019 | abbreviated format | 31-07-2020 | 2020-37600469 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-58100434 |
| 31-12-2017 | abbreviated format | 12-11-2018 | 2018-72100079 |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-54500209 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| JULIUS M |
|
Owners and capital
Capital and shareholders
- 09-01-2024 Converted to unavailable equity · €20,460
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
09-01
Gazette deed
Legal-form change · Resignations & appointmentsResignation: Julius M VOF (manager) · Appointment: Julius M VOF (director) · Permanent representative: Verjans Stijn11 facts ▸
- General meeting, 28-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “tevens voor eventuele toekomstige bijstortingen van het in het verleden geplaatste kapitaal dat op heden nog niet werd gestort en dat werd geboekt op een eigen…” (deed in Dutch)
- Power of attorney (2 times)
- Director resignation, Julius M VOF (manager)
- Director appointment, Julius M VOF (director (not named in the articles))
- Permanent representative, Verjans Stijn
- Declaration, “kwijting ontslagnemende zaakvoerder, algemene vergadering zal op volgende jaarvergadering beslissen over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “3700 Tongeren, Kleinblookstraat 53” (deed in Dutch)
- Incorporation, “Samuël Van der Linden, Diepenbeek” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73059A0248/00G000 | Flanders | 1,029 m² | 1 · 201 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het opnemen van bestuurders-, zaakvoerders-, vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen; Het optreden…” (deed in Dutch)
13 activities (deed in Dutch)
- Het opnemen van bestuurders-, zaakvoerders-, vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen
- Het optreden en handelen als dienstverlener en/of als tussenpersoon bij alle vormen van adviesverlening, managementdiensten en hulp aan het bedrijfsleven en de overheid op het gebied van juridische issues, wet- en regelgeving, financiën, administratie, marketing, e-business strategy, planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan bedrijfsleiding en dit alles in de meest ruime zin
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, alsook het in de ruimste zin van het woord verlenen van bijstand en diensten, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur
- Het beheer in de ruimste zin van het woord van onroerende goederen, daaronder begrepen, het vestigen van zakelijke rechten, onroerende leasing, de huur, verhuring, onderhuur, de uitbating, de herstelling, de verbetering, het onderhoud, de verbouwing, de aankoop, de oprichting en iedere verwerving en verkoop van onroerende goederen
- Tussenhandelaar, de makelaardij en/of handel in onroerende goederen, dit in de ruimste zin van het woord, met inbegrip van onroerende leasing
- Het optreden als tussenpersoon bij onderhandelingen inzake gehele of gedeeltelijke overname van aandelen; alsook, in de ruimste zin van het woord, het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening, waarborg, plaatsing, verhandeling of anderszins, alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille of kapitaalsbestuur
- Zowel voor eigen rekening, voor rekening van derden, of in deelneming met derden, bij te dragen tot de vestiging en de ontwikkeling van ondernemingen
- Het opnemen van bestuurders-, vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen
- Het verwerven door inschrijving of aankoop, voor eigen rekening of voor rekening van derden, op/van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen
- Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering
- Het toestaan van leningen en kredietopeningen aan vennootschappen en particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarbanken, hypotheekmaatschappijen en kapitalisatieondernemingen
- Alle commerciële, industriële, financiële, roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp
- Belangen hebben bij wijze van inbreng, inschrijving of anderszins, in alle ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, analoog of aanverwant doel nastreven, of waarvan het doel van aard is dat van de vennootschap te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ADDENDUM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, eenvoudige beslissing van het bestuursorgaan naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, benoemd met of zonder beperking van duur” (deed in Dutch)“Bestuursbevoegdheid, geheel van de bevoegdheden aan hem toegekend, met mogelijkheid een deel te delegeren” (deed in Dutch)“Vergoeding van de bestuurders, algemene vergadering beslist of het mandaat al dan niet ten kosteloze titel wordt uitgeoefend” (deed in Dutch)“Elke bestuurder kan aan één collega volmacht verlenen (schriftelijk of met materieel spoor); lastgever geacht aanwezig; mag niet meer dan…” (deed in Dutch)“Elektronische vergadering van het bestuursorgaan, deelnemende bestuurders geacht aanwezig op de plaats van de vergadering voor meerderheid…” (deed in Dutch)“Bestuursorgaan bepaalt of zij alleen of gezamenlijk optreden, dagelijks bestuur” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelen op naam” (deed in Dutch)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 2 provisions in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “De aanwending van de jaarlijkse nettowinst wordt bepaald door de algemene vergadering, op voorstel van het bestuursorgaan, waarbij elk…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titel V. Algemene vergadering Artikel 22. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Per e-mail aan aandeelhouders, bestuurders, houders van converteerbare obligaties op naam, inschrijvingsrechten op naam, certificaten op…” (deed in Dutch)
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- “Aandeelhouders kunnen eenparig en schriftelijk alle besluiten nemen (behalve statutenwijzigingen), schriftelijke algemene vergadering” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Hernieuwbare termijn van drie jaar, controle van de vennootschap” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed