Equity
Debts exceed assets in financial year 2025.
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Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Of this, €6.5m falls due within a year.
Angle View pays its suppliers 44 days later than in 2024.
Short-term debts rose from €346,285 to €6.5m.
Lower net result than 95% of companies in real estate. Sector median €9,976 · 11,288 companies.
In July 2024, 252 companies had the same profile as Angle View has now. Each dot is one company, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 252 companies, not a prediction for Angle View. 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.
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| Company | ||||
|---|---|---|---|---|
| Angle View Schoten | €8.4m | -€143,547 | -10.5% | - |
| TerraLys Mouscron | €8.6m | -€48,494 | 92.7% | - |
| ViaLys Mouscron | €5.9m | -€38,214 | 92.2% | - |
| EoLys Mouscron | €5.6m | -€30,234 | 92.2% | - |
| Foncière d'Haversin Ciney | €4.0m | -€16,883 | 40.6% | - |
| Selected Land Ixelles | €19.4m | -€32,189 | -9.2% | - |
| Cimmo VDK Uccle | €6.1m | -€33,511 | -6.7% | 0 |
These companies have the same main activity as Angle View: real estate activities (NACE 68204). They are comparable in size and age: total assets between €4m and €19m, founded between 2015 and 2022.
Angle View files the abbreviated format. That format states no turnover. The gross margin fell from -€57,041 in 2020 to -€143,547 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Higher than 10% of 11,297 companies in 2025.
Lower than 95% of 10,849 companies in 2025.
Lower than 95% of 11,182 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
8.4m | 10.2m | 10.6m | 13.9m | 14.4m | 17,118 | |
21/28 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
22/27 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
22 |
8.2m | 9.7m | 10.0m | 13.4m | 13.8m | - | |
29/58 |
160,312 | 469,998 | 559,989 | 446,374 | 637,657 | 17,118 | |
40/41 |
41,281 | 34,190 | 54,605 | 70,718 | 329,653 | 15,000 | |
40 |
3,424 | 63 | 20,478 | 36,591 | 295,525 | - | |
41 |
37,857 | 34,127 | 34,127 | 34,127 | 34,127 | 15,000 | |
54/58 |
102,716 | 431,625 | 501,064 | 366,069 | 304,565 | - | |
490/1 |
16,315 | 4,183 | 4,320 | 9,586 | 3,440 | 2,118 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
8.4m | 10.2m | 10.6m | 13.9m | 14.4m | 17,118 | |
10/15 |
-873,738 | 1.2m | -4.7m | -94,263 | -205,629 | -43,058 | |
10/11 |
7.1m | 7.1m | 15,000 | 15,000 | 15,000 | 15,000 | |
14 |
-8.0m | -5.9m | -4.7m | -109,263 | -220,629 | -58,058 | |
17/49 |
9.2m | 9.0m | 15.2m | 14.0m | 14.6m | 60,176 | |
17 |
2.6m | 8.5m | 14.2m | 13.6m | 13.8m | - | |
170/4 |
2.6m | 8.5m | 14.2m | 13.6m | 13.8m | - | |
42/48 |
6.5m | 346,285 | 818,535 | 371,840 | 333,341 | 60,176 | |
42 |
6.4m | 320,000 | 320,000 | 160,000 | 320,000 | - | |
44 |
43,258 | 26,285 | 14,468 | 31,869 | 13,341 | 53,597 | |
440/4 |
43,258 | 26,285 | 14,468 | 31,869 | 13,341 | 53,597 | |
47/48 |
- | - | 484,068 | 179,971 | - | 6,579 | |
492/3 |
140,571 | 200,001 | 218,243 | - | 494,849 | - | |
| Income statement | |||||||
9900 |
-143,547 | -167,164 | -70,971 | 1.1m | 821,464 | -57,041 | |
60/61 |
156,213 | 167,164 | - | - | - | - | |
630 |
1.5m | 279,706 | 3.5m | 373,702 | 360,890 | - | |
640/8 |
10,746 | 9,063 | 72,876 | 66,135 | 1,170 | 1,017 | |
9901 |
-1.7m | -455,933 | -3.7m | 614,124 | 459,405 | -58,058 | |
75/76B |
1,813 | - | 142 | 264 | - | - | |
75 |
1,813 | - | 142 | 264 | - | - | |
65/66B |
367,942 | 793,612 | 884,994 | 503,023 | 621,975 | - | |
65 |
367,942 | 793,612 | 884,994 | 503,023 | 621,975 | - | |
9903 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
9904 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
9905 |
-2.0m | -1.2m | -4.6m | 111,365 | -162,570 | -58,058 | |
| Appropriation of the result | |||||||
9906 |
-8.0m | -5.9m | -4.7m | -109,263 | -220,629 | -58,058 | |
14P |
-5.9m | -4.7m | -109,263 | -220,629 | -58,058 | - | |
| Document | |||||||
The notes to these accounts have 7 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 28-09-2026.
2025 annual accounts filed 59 days after the deadline. Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00531913.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-09-2026 | 2026-00531913 | |
| 31-12-2024 | abbreviated format | 01-09-2025 | 2025-00479962 | |
| 31-12-2023 | abbreviated format | 13-08-2024 | 2024-00346713 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00433769 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20275236 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44700423 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| -154,293 | -176,227 | -143,847 | 987,827 | 820,295 | - | ||
| -520,422 | -969,839 | -1.0m | 485,068 | 198,319 | - | ||
| 6,944 | 0 | 108,098 | 0 | 14.2m | - | ||
| -328,909 | -69,439 | 134,995 | 61,505 | - | - | ||
| -6.3m | 123,713 | -258,546 | 74,534 | 304,316 | -43,058 | ||
| -10.5% | 11.5% | -44.1% | -0.7% | -1.4% | -251.5% | ||
| 0.02 | 1.36 | 0.68 | 1.20 | 1.91 | 0.28 | ||
| - | 7.68 | - | - | - | - | ||
| - | -106.4% | - | - | - | - | ||
| -24.5% | -12.3% | -43.2% | 0.8% | -1.1% | -339.2% | ||
| -0.42 | -0.22 | -0.16 | 1.96 | 1.32 | - | ||
| 101 days | 57 days | - | - | - | - |
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 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | €10.4m | - | - |
| Carrying value of the mortgaged assets | - | - | €10.0m | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,944 | - | €108,098 | - | €14.2m |
| €1.5m | €279,706 | €3.5m | €373,702 | €360,890 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1.7m, larger than the loss of €455,933 in 2024.
Equity is negative. Debt (€9.2m) exceeds the balance-sheet total (€8.4m).
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Source: parent in its own accounts
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| Janssens Quinten
registered office since 25-04-2019 · founded in 2019 |
11 FTE (2025) 0725.702.332 |
| Land Development Company
registered office since 15-09-1986 · founded in 1976 · accounts filed late |
total assets €3.0m (2025) 0416.811.671 |
| liberoo
registered office since 20-06-2014 · founded in 2014 |
turnover €2.1m (2025) 0553.981.450 |
| liberoo hub
registered office since 18-05-2018 · founded in 2018 |
0.6 FTE (2025) 0696.640.538 |
| QJ Assets
registered office since 14-02-1991 · founded in 1991 · negative equity (2025) |
total assets €1.9m (2025) 0442.915.658 |
| ANTWERPSE VLOERCENTRALE
establishment since 24-12-1996 · founded in 1968 |
1 FTE (2025) 0405.002.516 |
| KMO FOCUS
registered office since 06-08-1996 · founded in 1996 |
9.2 FTE (2025) 0458.490.195 |
| Studiebureel Kennis
establishment since 10-07-2025 · founded in 2021 |
total assets €771,029 (2025) 0778.994.033 |
| MONKEY BUZINESS
registered office since 19-09-2012 · founded in 2012 |
total assets €727,522 (2025) 0848.802.458 |
| NUBILA
registered office since 22-08-2018 · founded in 2018 |
total assets €684,440 (2025) 0701.662.465 |
The network starts from the directors of Angle View. Every other company they run is a node.
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Deadline for the 2026 accounts: 31-07-2027
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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 |
|---|---|---|
| Brechtsebaan 30 registered office 2900 Schoten 68201 Renting and operating of own or leased residential real estate, excluding social housing | 29-10-2020 | 2.311.003.521 |
| Kleine Kloosterstraat 10 1932 Zaventem 68203 Renting and operating of own or leased non-residential real estate, excluding land | 01-08-2025 | 2.376.549.983 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23078A0289/00F000 | 8,020 m² | 1 · 2,940 m² | 16.8 m · 4 |
| 11040D0212/00W000 | 2,216 m² | 1 · 789 m² | 7.2 m · 2 |
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