Turnover
≈ €120,000 estimated
The micro format states no turnover.
ARTICLE 20
Overview
Lifetime
1 annual account with figurespeak €44,083 (2025)
€44,083
peak €33,049 (2025)
€33,049
peak €36,049 (2025)
€36,049
€21,867
Board2 names since 2025
1 directorDUDÁS Zsófia
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Publication in the Belgian Official Gazette 17-07Incorporation 30-061 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 71% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: < 0.1%lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Legal and accounting activities (NACE 69)
Liquidity: current ratio 2.56, cash €24,518
Figures for financial year 2025 (filed on 30-06-2026)
Equity €36,049 (62.2% of total assets)
Calculation
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 69, micro). It does better than 58% of them on solvency, 73% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as ARTICLE 20 has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of ARTICLE 20 itself: < 0.1% within 12 months.
Test of the method
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 11,279 companies, not a prediction for ARTICLE 20. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.56, above the usual 1.5. Short-term debt is 37.8% and cash 42.3% of total assets. 37.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
31 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1024786786
Publication in the Belgian Official Gazette
Gazette deed
Incorporation
Founder: DUDÁS Zsófia · 100 shares · Appointments: DUDÁS Zsófia (director) and BOUCQUEY Raphaël (director) · published on 30-06-2025 · Gazette deed
First establishment
Oude Molenstraat 276, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ARTICLE 20 Uccle | €57,916 | €44,083 | 62.2% | - |
| EP TRADE Brussels | €61,201 | €44,251 | 53.7% | - |
| Johan Stagstrup Saint-Josse-ten-Noode | €56,224 | €37,317 | 53.6% | - |
| Aleksandra Makowiecka Brussels | €54,384 | €36,465 | 59.1% | - |
| CATALINA LAMARCHE CONSULT Ixelles | €49,005 | €42,200 | 61.9% | - |
| INDEA MANAGEMENT Watermael-Boitsfort | €54,491 | €58,844 | 81.6% | - |
| MURRAY LAW Brussels | €67,062 | €61,152 | 71.4% | - |
These companies have the same main activity as ARTICLE 20: other legal services (NACE 69109). They are comparable in size and age: total assets between €49,000 and €67,100, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 26-06-2025Normal situation
- Activity
- Other legal servicesNACE 69109and 4 others
- Establishment unit
- 2.375.679.1611180 Uccle, since 26-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Annual accounts 2025
- €44,083
- €33,049
- €36,049
- €57,916
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on ARTICLE 20
ARTICLE 20 has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,049 and a net result of €33,049.
Its solvency ranks better than 56% of 15,828 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€44,083
€41,311
€33,049
€34,153
62.2%
2.56
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 ≈ €120,000. Estimated: probably between €78,000 and €150,000.
Balance sheet
balance sheet total €57,916 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
62.2%
Higher than 56% of 15,828 companies in 2025.
2.56
Higher than 55% of 15,600 companies in 2025.
57.1%
Higher than 89% of 15,717 companies in 2025.
ARTICLE 20
Middle half of the sector
80% of the sector
Micro accounts in legal and accounting (NACE 69)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
57,916 | |
21/28 |
1,896 | |
22/27 |
1,896 | |
24 |
1,896 | |
29/58 |
56,020 | |
54/58 |
24,518 | |
490/1 |
31,501 | |
| Balance sheet: equity and liabilities | ||
10/49 |
57,916 | |
10/15 |
36,049 | |
10/11 |
3,000 | |
14 |
33,049 | |
17/49 |
21,867 | |
42/48 |
21,867 | |
44 |
450 | |
440/4 |
450 | |
45 |
14,085 | |
450/3 |
14,085 | |
47/48 |
7,332 | |
| Income statement | ||
9900 |
44,083 | |
630 |
2,772 | |
9901 |
41,311 | |
65/66B |
0 | |
65 |
0 | |
9903 |
41,311 | |
67/77 |
8,262 | |
9904 |
33,049 | |
9905 |
33,049 | |
| Appropriation of the result | ||
9906 |
33,049 | |
| Document | ||
The notes to these accounts have 9 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 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00244227 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 44,083 | ||
| 35,821 | ||
| 4,668 | ||
| 34,153 | ||
| 62.2% | ||
| 2.56 | ||
| 0.61 | ||
| 91.7% | ||
| 57.1% | ||
| over 100 |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €2,054 |
| Intangible fixed assets | €2,614 |
| €2,772 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on ARTICLE 20
Debt's share of the balance-sheet total is 37.8%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 26-06-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 30-06-2025
Mandates through the years
2 names, the dashed line is todayDUDÁS Zsófia
Director (not named in the articles)
Director (not named in the articles)
BOUCQUEY Raphaël
Director
Director
BoardEarlierend not dated
Mandates as a list
- DUDÁS Zsófia
- Director (not named in the articles), from 26-06-2025 to date
- BOUCQUEY Raphaël
- Director, appointed by deed of 30-06-2025, no longer listed in the 2025 annual accounts
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- €360 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 30-06-2025 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 30-06-2025 ↗
- DUDÁS Zsófia sole founder · 100% at incorporation
Network & group
No group
ARTICLE 20 has no parent and no holdings in its annual accounts. DUDÁS Zsófia is the only director. ARTICLE 20 shares no director with another company.
Timeline
Timeline
5 events since 2025Filings
Establishments
Other
20252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1024786786
Publication in the Belgian Official Gazette1 point ▸
- Correction, 26-06-2025
IncorporationFounder: DUDÁS Zsófia · 100 shares · Appointments: DUDÁS Zsófia (director) and BOUCQUEY Raphaël (director) · published on 30-06-20255 points ▸
- Founder, DUDÁS Zsófia
- 100 shares
- Registered office clause, (1180) Uccle, Vieille rue du Moulin 276
- Director appointment, DUDÁS Zsófia (director (not named in the articles))
- Director appointment, BOUCQUEY Raphaël
- The deed holds 3 more points.
First establishment Oude Molenstraat 276, Uccle
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ARTICLE 20 was incorporated on 26 June 2025 as a private limited company by one natural person.12 Since 2025, DUDÁS Zsófia has served as director.3 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1024.786.786
- VAT number
- BE 1024.786.786
- Peppol ID
- 0208:1024786786
- Other Peppol ID
- 9925:BE1024786786
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-06-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Monday of June at 18:00deed of 30-06-2025 (in French)
- Peppol
- Reachable since 29-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ARTICLE 20 in French
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 30-06-2025 (in French)
Activities
NACEBEL 202569109
Other legal services main activity
85592
Vocational training
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes prestations de service et de consultance en matière de représentation juridique, conseils généraux et la préparation de documents…”deed of 30-06-2025 (in French)
13 activities
- Toutes prestations de service et de consultance en matière de représentation juridique, conseils généraux et la préparation de documents juridiques ceci incluant les activités juridiques liées aux conseils pour les entreprises, organisations et particuliers, notamment en matière de stratégie, gestion, développement professionnel, communication, gestion de projet, organisation et performance, publicité, marketing ainsi que toutes formes de conseil en management et affaires.
- Toutes activités dans le domaine de la formation continue générale et professionnelle, à des fins professionnelles, de loisirs ou de développement personnel.
- La formation professionnelle et l’enseignement non réglementé, notamment l'organisation d’ateliers, de séminaires, de sessions de coaching, de formations continues ou ponctuelles dans les domaines précités et/ou dans les domaines artistiques, créatifs ou artisanaux.
- Toutes activités de vente au détail d'autres biens, sauf les automobiles et les motocycles, en magasin spécialisé.
- La conception, la création, la fabrication, l’achat et la vente (en gros, au détail, en ligne ou en boutique physique) de biens matériels, notamment : bijoux, compositions florales et objets de décoration, produits artisanaux, accessoires et articles de mode ou de bien-être et tout autre produit ou création en lien avec ses activités.
- Toutes prestations de conseils en matière d’achat, de vente, de fusion ou de transmission d’entreprises.
- Toutes activités en tant qu’intermédiaire commercial, d’apporteur d’affaires, dans la cession, la réorganisation, l’accès aux capitaux des entreprises.
- Toutes activités de holding, en ce compris l'acquisition, la détention et la cession, sous quelque forme que ce soit et par tous moyens, par voie directe ou indirecte, de participations, droits, intérêts et engagements dans des sociétés belges ou étrangères. A cet effet, la société peut assumer la gestion des investissements et des participations dans toutes sociétés ainsi qu'accorder des prêts et avances, sous quelque forme que ce soit, à toutes les entreprises dans lesquelles elle possède une participation et garantir tous les engagements des mêmes entreprises. Elle peut notamment se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- La constitution, la gestion et la valorisation pour son propre compte d'un patrimoine mobilier, en ce compris tout objet d'art et notamment des voitures de collection. A cet effet, la société peut procéder à l'achat, la vente, l'échange, la souscription, le commissionnement de toutes actions, parts sociales, obligations, créances et autres valeurs mobilières, émises par des entreprises belges ou étrangères (sous forme de société commerciale ou autre), institutions et associations ayant ou non un statut de droit public, sans préjudice du monopole légal des agents de change et des institutions de crédit.
- Dans le cadre de ses opérations financières, la société pourra réaliser des placements spéculatifs ou à risque, adopter un profil d’investisseur très dynamique et investir jusqu’à 100 % en actions, fonds d’actions et/ou trackers.
- L’acquisition, la gestion, la location, la sous-location, l’achat et l’acquisition de tous droits réels ou de la pleine propriété de tout immeuble dans le but soit d’y établir son siège ou un siège d’exploitation soit d’y loger ses dirigeants et les membres de leur famille à titre de résidence principale ou secondaire en ce compris par sa mise à disposition gratuite au nom de ses dirigeants ou employés et les membres de leur famille, ainsi que l’achat et la vente de la pleine propriété ou de tous droits réels, la location, la mise en location, la construction, la transformation, la mise en valeur ou toutes opérations assimilées pour tout immeuble quelle qu’en soit son affectation, et, de manière plus générale, la constitution, la gestion et la valorisation d’un patrimoine immobilier, avec ou sans lien direct avec ses autres activités.
- La société peut aussi exercer la ou les fonctions d'administrateur, de gérant ou de liquidateur.
- La société a également pour objet, pour son compte propre ou pour le compte de tiers, l’activité d’auteur/écrivain au sens le plus large du terme, ainsi que l’exploitation des droits qui en découlent, et notamment : la conception et la rédaction de tous livres, manuels scolaires, romans, essais, manuscrits, ouvrages.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oude Molenstraat 276 registered office 1180 Uccle | 26-06-2025 | 2.375.679.161 |
Buildings and parcels at the address
- Ground area
- 55 m²
- Buildings
- 86 m²
- Volume, LiDAR
- 416 m³
- Tallest building
- 10.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21614H0005/00T035 | 55 m² | 1 · 86 m² | 10.5 m · 1 |