AUDIT REPORTS
ActiveSummary
AUDIT REPORTS has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€149,832) and a net result of €28,456. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 12788 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+20
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.08 in 2024; short-term debt: 980.1% and cash: 9.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-880.1%
Return on assets
167.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 12788 sector peers (2025).
NBB · sector comparisonPosition among 12788 sector peers
Solvency
better than 5%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
21 d late
2023
37 d early
2022
83 d early
2021
4 d early
2020
54 d early
2019
23 d 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 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28,456▲ 55.2%
2024 · €18,336
Working capital
-€149,832▲ 16.0%
2024 · -€178,288
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,103▲ 44.0%€14,793▲ 62.5%€37,318▲ 152%€25,311▼ 32.2%€35,742▲ 41.2%
Net result€3,314below the sector's middle half▲ 706%€8,980within the sector's middle half▲ 171%€29,879within the sector's middle half▲ 233%€18,336within the sector's middle half▼ 38.6%€28,456within the sector's middle half▲ 55.2%
Equity-€235,483below the sector's middle half▲ 1.4%-€226,503below the sector's middle half▲ 3.8%-€196,624below the sector's middle half▲ 13.2%-€178,288below the sector's middle half▲ 9.3%-€149,832below the sector's middle half▲ 16.0%
Total assets€21,439below the sector's middle half▼ 22.7%€11,582below the sector's middle half▼ 46.0%€17,381below the sector's middle half▲ 50.1%€15,234below the sector's middle half▼ 12.4%€17,025below the sector's middle half▲ 11.8%
Debt€256,922▼ 3.6%€238,085▼ 7.3%€214,005▼ 10.1%€193,522▼ 9.6%€166,857▼ 13.8%
Working capital-€235,824▲ 1.5%-€227,075▲ 3.7%-€196,828▲ 13.3%-€178,288▲ 9.4%-€149,832▲ 16.0%
Solvency-880.1%below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 41% above 2024.
Key figures and ratios
Current ratio
0.10▲
2024 · 0.08
Debt to equity
-1.11▼
2024 · -1.09
ROA
167.1%▲
2024 · 120.4%
Debt ≤ 1 year
€166,857▼
2024 · €193,522
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,799 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170 | €368 | €368 | €204 | - | - |
| Other operating charges640/8 | - | - | - | €30 | €45 | ▲ 50.0% |
| Gross operating margin9900 | €9,273 | €15,161 | €37,686 | €25,545 | €35,787 | ▲ 40.1% |
| Operating profit (loss)9901 | €9,103 | €14,793 | €37,318 | €25,311 | €35,742 | ▲ 41.2% |
| Financial charges65/66B | €5,789 | €5,813 | €7,439 | €6,975 | €7,286 | ▲ 4.5% |
| Recurring financial charges65 | €5,789 | €5,813 | €7,439 | €6,975 | €7,286 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €3,314 | €8,980 | €29,879 | €18,336 | €28,456 | ▲ 55.2% |
| Profit (loss) for the period9904 | €3,314 | €8,980 | €29,879 | €18,336 | €28,456 | ▲ 55.2% |
| Profit (loss) for the period to be appropriated9905 | €3,314 | €8,980 | €29,879 | €18,336 | €28,456 | ▲ 55.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,439 | €11,582 | €17,381 | €15,234 | €17,025 | ▲ 11.8% |
| Fixed assets21/28 | €341 | €572 | €204 | - | - | - |
| Tangible fixed assets22/27 | €341 | €572 | €204 | - | - | - |
| Furniture and vehicles24 | €341 | €572 | €204 | - | - | - |
| Current assets29/58 | €21,098 | €11,010 | €17,177 | €15,234 | €17,025 | ▲ 11.8% |
| Amounts receivable within one year40/41 | €15,135 | €6,571 | €9,627 | €10,226 | €15,410 | ▲ 50.7% |
| Trade receivables40 | €15,135 | €6,571 | €9,627 | €10,226 | €15,410 | ▲ 50.7% |
| Cash at bank and in hand54/58 | €5,963 | €4,439 | €7,550 | €5,008 | €1,615 | ▼ 67.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,439 | €11,582 | €17,381 | €15,234 | €17,025 | ▲ 11.8% |
| Equity10/15 | -€235,483 | -€226,503 | -€196,624 | -€178,288 | -€149,832 | ▲ 16.0% |
| Contributions10/11 | €123,947 | €123,947 | €123,947 | €123,947 | €123,947 | = |
| Reserves13 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Non-distributable reserves130/1 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves not available under the articles1311 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Profit (loss) carried forward14 | -€371,825 | -€362,845 | -€332,966 | -€314,630 | -€286,174 | ▲ 9.0% |
| Amounts payable17/49 | €256,922 | €238,085 | €214,005 | €193,522 | €166,857 | ▼ 13.8% |
| Amounts payable within one year42/48 | €256,922 | €238,085 | €214,005 | €193,522 | €166,857 | ▼ 13.8% |
| Trade debts44 | €122,753 | €99,056 | €75,887 | €56,597 | €30,869 | ▼ 45.5% |
| Suppliers440/4 | €122,753 | €99,056 | €75,887 | €56,597 | €30,869 | ▼ 45.5% |
| Taxes, remuneration and social security45 | - | €1,130 | €3,949 | €2,249 | €5,025 | ▲ 123% |
| Taxes450/3 | - | €1,130 | €3,949 | €2,249 | €5,025 | ▲ 123% |
| Other amounts payable47/48 | €134,169 | €137,899 | €134,169 | €134,676 | €130,963 | ▼ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,314 | €8,980 | €29,879 | €18,336 | €28,456 | ▲ 55.2% |
| + Depreciation and write-downs630 | €170 | €368 | €368 | €204 | - | - |
| Operating cash flow (approximation) | €3,484 | €9,348 | €30,247 | €18,540 | €28,456 | ▲ 53.5% |
| Investment in fixed assets (approximation) | - | -€599 | €0 | - | - | - |
| Change in cash | - | -€1,524 | €3,111 | -€2,542 | -€3,393 | ▼ 33.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €29,879 ▲233%
Operating result €37,318, net result €29,879, both a record.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €23 ▼97%
Net result drops to €23, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Elsene
Ground area
319 m²
Building footprint
115 m²
Volume, LiDAR
1,752 m³
Parcel 21443C0235/00K002, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0235/00K002 | Brussels | 319 m² | 1 · 115 m² | 20.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,264 companies in sector 69209 we hold annual accounts for 1,098. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-1980
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420311985
Also
9925:BE0420311985
Registered
21-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.