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ATELIERS 118

Active
Private limited company (pre-2019)founded 1981active for 45 yearsBegijnenstraat 118-120, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0421.925.650
Summary

ATELIERS 118 has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€144,845) and a net result of -€43,029. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 5% of 5,718 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
8th oldest company in Sint-Jans-Molenbeek, Real estate sector1 site
Size
€428,395total assets 2025
Equity
-€144,845
Loss
-€43,029
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Largest shareholder
PERPETUAL · 37.46%
Holdings
1
Accounts 66 days early0 of 1 deed read
Why 53raises riskCapped at 59: negative equityLoss of €43,029, the second in a row (financial year 2025)Negative equity -€144,845lowers riskSize: total assets €428,395Figures for financial year 2025 (filed 28-05-2026)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 68, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0-3
equity -33.8% of total assets
Liquidity 34-5
short-term debt 43.2% · cash 3.4%
Profitability 6-44
return on assets -10.0%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,589 companies, NACE 68, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.3%▼ -0.2 percentage points vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.6 percentage points vs 05-2026highest value 07-2026: 0.9%● unchanged vs 06-2026highest value 08-2026: 0.9%● unchanged vs 07-2026highest value 09-2026: 0.9%● unchanged vs 08-2026highest value 10-2026: 0.9%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.11, compared with 0.1 in 2024, below 1; short-term debt: 43.2% and cash: 3.4% of total assets), and equity is negative.
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 68, micro): better than 5% on solvency, 26% on liquidity, 11% on profitability and 13% on growth.

The bankruptcy probability was computed on 16-10-2026 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

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €43,029, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €428,395
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€144,845
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 28-05-2026)
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€144,845
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
66 days early
2024
77 days early
2023
51 days early
2022
62 days early
2021
76 days early
2020
53 days early
2019
64 days 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 64 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Weakest financial yearnet -€43,029
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€144,845 View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€43,029 View
  • Caution: Among the weakest 5% on solvencysector median 38.5% · 5,718 companies -33.8% View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
  • Active since 1981founded 08-09-1981 45 years View

By topic

Financials

Financial year
2025
Total assets
€428,395
Loss
-€43,029
Solvency
-33.8%
Total assets▼ 5.9%
Net result
20182025
Go to Financials

Timeline

Events
45
Since
1983
Next accounts
by 31-07-2027
  1. 10-06-2024Annual accounts filed
  2. 30-05-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
08-09-1981
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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