Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
From profit to loss in 2025, after a profit of €5,103 in 2024.
Of this, €183,646 falls due within a year.
The last five annual accounts were filed 0 to 17 days before the end of the period.
Lower solvency than 95% of companies in office administrative support. Sector median 44.9% · 1,167 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 5% of them on solvency, 1% on liquidity, 5% on profitability and 1% on growth.
The bankruptcy probability was computed on 07-11-2026 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 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
Liquidity is insufficient, with a current ratio of 0.0 (0.01 in 2024), below 1. Short-term debt is 183.6% and cash 0.1% of total assets. Equity is negative.
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.
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| AUSTERLITZ Tubize | €100,050 | €8,539 | -96.5% | 0 |
| MOBI AP Braine-l'Alleud | €104,116 | €7,170 | 75.2% | 0.5 |
| URBAN GREEN Watermael-Boitsfort | €53,070 | €8,059 | 52.2% | 0 |
| Transeo Liège | €72,341 | €16,550 | 38.6% | 0 |
| HELLEMANS CONSULTANCY Wortegem-Petegem | €199,982 | €19,602 | 35.4% | 0 |
| I Care Consulting Tervuren | €68,009 | €5,238 | 69.7% | 0.1 |
| Zest Real Estate Development Nivelles | €135,287 | €26,251 | -28.0% | 0.9 |
These companies have the same main activity as AUSTERLITZ: other business support services (NACE 82990). They are comparable in size and age: total assets between €53,100 and €200,000, founded between 2008 and 2018.
AUSTERLITZ has existed since 2010. The gross margin fell from €87,974 in 2012 to €8,539 in 2025.
Solvency fell in 2025 from 19.1% to -96.5% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €49,000. Estimated: probably between €24,000 and €100,000.
Lower than 95% of 1,167 companies in 2025.
Lower than 95% of 1,124 companies in 2025.
Lower than 95% of 1,156 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
100,050 | 251,190 | 251,878 | 256,867 | 253,364 | 255,366 | 258,119 | 265,571 | 253,476 | 262,522 | 262,018 | 271,658 | 332,955 | 360,835 | |
21/28 |
100,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,115 | 250,115 | 300,115 | 300,115 | |
28 |
100,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,000 | 250,115 | 250,115 | 300,115 | 300,115 | |
29/58 |
50 | 1,190 | 1,878 | 6,867 | 3,364 | 5,366 | 8,119 | 15,571 | 3,476 | 12,522 | 11,903 | 21,543 | 32,840 | 60,720 | |
40/41 |
- | - | 1,108 | 6,000 | 3,000 | 5,164 | 6,403 | 11,872 | - | 6,725 | 2,163 | 8,470 | 14,942 | 35,417 | |
40 |
- | - | 60 | 6,000 | 3,000 | 5,135 | 5,937 | 11,872 | - | - | - | 8,443 | - | 7,909 | |
41 |
- | - | 1,048 | - | - | 29 | 466 | - | - | 6,725 | 2,163 | 26 | 14,942 | 27,508 | |
54/58 |
50 | 1,190 | 770 | 867 | 364 | 202 | 1,716 | 3,699 | 2,661 | 2,716 | 3,014 | 1,075 | - | - | |
490/1 |
- | - | - | - | - | - | - | - | 815 | 3,080 | 6,726 | 11,998 | 17,898 | 25,303 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
100,050 | 251,190 | 251,878 | 256,867 | 253,364 | 255,366 | 258,119 | 265,571 | 253,476 | 262,522 | 262,018 | 271,658 | 332,955 | 360,835 | |
10/15 |
-96,565 | 47,936 | 42,833 | 37,206 | 31,755 | 26,691 | 16,306 | 11,857 | 6,290 | 11,047 | 16,807 | 22,585 | 76,684 | 83,666 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
14 |
-164,765 | -20,264 | -25,367 | -30,994 | -36,445 | -41,509 | -51,894 | -56,343 | -61,910 | -57,153 | -51,393 | -45,615 | 8,484 | 15,466 | |
17/49 |
196,615 | 203,254 | 209,045 | 219,661 | 221,609 | 228,675 | 241,813 | 253,714 | 247,186 | 251,474 | 245,211 | 249,074 | 256,271 | 277,168 | |
17 |
- | - | - | - | - | - | - | - | - | 30,780 | 61,580 | 92,398 | 123,235 | 154,088 | |
170/4 |
- | - | - | - | - | - | - | - | - | 30,780 | 61,580 | 92,398 | 123,235 | 154,088 | |
42/48 |
183,646 | 189,565 | 195,744 | 206,744 | 207,598 | 215,578 | 231,756 | 246,169 | 242,154 | 218,175 | 183,630 | 156,658 | 132,958 | 119,736 | |
42 |
- | - | - | - | - | - | - | 2,564 | 33,344 | 33,363 | 33,382 | 33,400 | 33,417 | 30,870 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,709 | 5,559 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,709 | 5,559 | |
44 |
642 | 340 | 73 | 4,372 | 6,606 | 1,779 | 303 | 5,239 | 5,569 | 34,463 | 46,889 | 20,809 | 8,849 | 11,765 | |
440/4 |
642 | 340 | 73 | 4,372 | 6,606 | 1,779 | 303 | 5,239 | 5,569 | 34,463 | 46,889 | 20,809 | 8,849 | 11,765 | |
45 |
2,497 | 2,489 | 1,984 | 2,606 | 3,090 | 5,857 | 3,174 | 1,115 | 620 | - | 1,277 | 13,661 | 17,958 | 9,836 | |
450/3 |
2,497 | 2,489 | 1,984 | 2,606 | 2,297 | 2,442 | 1,378 | 1,115 | 620 | - | 1,277 | 12,609 | 15,731 | 5,901 | |
454/9 |
- | - | - | - | 793 | 3,415 | 1,795 | - | - | - | - | 1,051 | 2,227 | 3,935 | |
47/48 |
180,507 | 186,736 | 193,687 | 199,766 | 197,902 | 207,942 | 228,279 | 237,252 | 202,622 | 150,348 | 102,082 | 88,789 | 69,025 | 61,707 | |
492/3 |
12,969 | 13,689 | 13,301 | 12,917 | 14,011 | 13,097 | 10,057 | 7,544 | 5,032 | 2,519 | 1 | 18 | 78 | 3,344 | |
| Income statement | |||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 106,592 | |
9900 |
8,539 | 8,319 | 9,226 | 9,341 | 26,723 | 33,606 | 13,815 | 10,864 | 3,609 | 1,747 | 3,054 | 9,100 | 6,786 | 87,974 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 18,618 | |
62 |
- | - | - | - | 19,007 | 18,765 | 4,890 | - | - | - | - | - | - | 74,482 | |
630 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 2,607 | |
640/8 |
566 | 387 | 384 | 542 | 348 | 348 | 348 | 348 | 348 | 437 | 907 | 466 | 782 | 838 | |
66A |
- | - | - | - | - | - | - | - | 2,110 | - | - | 50,000 | - | - | |
9901 |
7,973 | 7,932 | 8,841 | 8,800 | 7,369 | 14,493 | 8,577 | 10,517 | 1,152 | 1,311 | 2,147 | 8,633 | 6,004 | 10,046 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | - | - | - | 30,081 | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 30,081 | |
65/66B |
150,414 | 966 | 1,338 | 1,365 | 1,345 | 4,109 | 4,128 | 4,950 | 5,908 | 7,071 | 7,924 | 12,732 | 12,987 | 17,092 | |
65 |
414 | 966 | 1,338 | 1,365 | 1,345 | 4,109 | 4,128 | 4,950 | 5,908 | 7,071 | 7,924 | 12,732 | 12,987 | 17,092 | |
66B |
150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-142,441 | 6,966 | 7,503 | 7,435 | 6,024 | 10,385 | 4,449 | 5,567 | -4,757 | -5,760 | -5,778 | -54,099 | -6,983 | 23,035 | |
67/77 |
2,060 | 1,863 | 1,876 | 1,984 | 959 | - | - | - | - | - | - | - | - | 1,369 | |
9904 |
-144,501 | 5,103 | 5,627 | 5,450 | 5,065 | 10,385 | 4,449 | 5,567 | -4,757 | -5,760 | -5,778 | -54,099 | -6,983 | 21,666 | |
9905 |
-144,501 | 5,103 | 5,627 | 5,450 | 5,065 | 10,385 | 4,449 | 5,567 | -4,757 | -5,760 | -5,778 | -54,099 | -6,983 | 21,666 | |
| Appropriation of the result | |||||||||||||||
9906 |
-164,765 | -20,264 | -25,367 | -30,994 | -36,445 | -41,509 | -51,894 | -56,343 | -61,910 | -57,153 | -51,393 | -45,615 | 8,484 | 21,666 | |
14P |
-20,264 | -25,367 | -30,994 | -36,445 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 6,200 | |
| Social balance sheet | |||||||||||||||
9087 |
0 | - | - | - | 0.5 | 0.5 | 0.1 | - | - | - | - | - | - | 1 | |
Hours worked1013 |
- | - | - | - | 905 | 890 | 211 | - | - | - | - | - | - | 2,928 | |
| Document | |||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 28-01-2026 | 2026-00029565 | |
| 30-06-2024 | full format | 14-01-2025 | 2025-00004327 | |
| 30-06-2023 | full format | 30-01-2024 | 2024-00020236 | |
| 30-06-2022 | full format | 31-01-2023 | 2023-00011188 | |
| 30-06-2021 | full format | 20-01-2022 | 2022-01200401 | |
| 30-06-2020 | full format | 14-01-2021 | 2021-00800528 | |
| 30-06-2019 | full format | 28-11-2019 | 2019-74500007 | |
| 30-06-2018 | full format | 13-12-2018 | 2018-74200312 | |
| 30-06-2017 | full format | 14-12-2017 | 2017-71700051 | |
| 30-06-2016 | full format | 21-12-2016 | 2016-70700032 | |
| 30-06-2015 | full format | 25-01-2016 | 2016-02400244 | |
| 30-06-2014 | full format | 29-01-2015 | 2015-02700135 | |
| 30-06-2013 | full format | 18-02-2014 | 2014-03900035 | |
| 30-06-2012 | full format | 01-02-2013 | 2013-02200273 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | - | - | - | 12,653 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 24,274 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 300,115 | ||
| -1,139 | 420 | -97 | 503 | 162 | -1,514 | -1,983 | 1,038 | -55 | -298 | 1,938 | - | - | - | ||
| -183,596 | -188,375 | -193,866 | -199,877 | -204,234 | -210,212 | -223,637 | -230,599 | -238,678 | -205,653 | -171,727 | -135,115 | -100,118 | -59,016 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 9.4% | ||
| -96.5% | 19.1% | 17.0% | 14.5% | 12.5% | 10.5% | 6.3% | 4.5% | 2.5% | 4.2% | 6.4% | 8.3% | 23.0% | 23.2% | ||
| 0.00 | 0.01 | 0.01 | 0.03 | 0.02 | 0.02 | 0.04 | 0.06 | 0.01 | 0.06 | 0.06 | 0.14 | 0.25 | 0.51 | ||
| - | 4.24 | 4.88 | 5.90 | 6.98 | 8.57 | 14.83 | 21.40 | 39.30 | 22.76 | 14.59 | 11.03 | 3.34 | 3.31 | ||
| - | 10.6% | 13.1% | 14.6% | 15.9% | 38.9% | 27.3% | 47.0% | -75.6% | -52.1% | -34.4% | -239.5% | -9.1% | 25.9% | ||
| -144.4% | 2.0% | 2.2% | 2.1% | 2.0% | 4.1% | 1.7% | 2.1% | -1.9% | -2.2% | -2.2% | -19.9% | -2.1% | 6.0% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 27 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 231 days |
EBIT margin: not included in this filing.
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.
The operating result for 2025 is 1% higher than in 2024. It is a recovery after the fall in 2024.
Equity is negative. Debt (€196,615) exceeds the balance-sheet total (€100,050).
Source: list of holdings in its own 30-06-2025 accounts. Every holding stands with its own latest accounts.
| SHANT BIOTECH
registered office since 07-09-2017 · founded in 2017 |
total assets €11.0m (2025) 0680.795.389 |
| MY HOME SERVICE
establishment since 14-07-2016 · founded in 2016 |
15 FTE (2025) 0659.664.138 |
| SHANT LABORATORIES BELGIUM
registered office since 22-12-1999 · founded in 1999 · negative equity (2025) |
total assets €1.1m (2025) 0466.646.313 |
| SORWA CONSTRUCT
registered office since 09-04-2019 · founded in 2010 |
7 FTE (2025) 0830.944.461 |
| H.S. TEAM
establishment since 01-01-2011 · founded in 2010 |
total assets €600,918 (2025) 0831.746.789 |
| VOCABASE
registered office since 27-11-2001 · founded in 2001 |
total assets €380,661 (2025) 0475.517.160 |
| D.C.
registered office since 14-03-1989 · founded in 1989 |
total assets €304,119 (2025) 0436.637.976 |
| TARADON LABORATORY
registered office since 01-01-2009 · founded in 2008 · negative equity (2024) · accounts filed late |
total assets €140,587 (2024) 0807.944.078 |
| PYRINDUS
registered office since 01-01-1976 · founded in 1975 |
1 FTE (2025) 0415.525.036 |
| RATOBLAST
registered office since 01-04-2023 · founded in 2023 |
total assets €77,177 (2025) 0798.435.209 |
The network starts from the directors of AUSTERLITZ. Every other company they run is a node.
Deadline for the 2026 accounts: 31-01-2027
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 |
|---|---|---|
| Avenue Léon Champagne 2 registered office 1480 Tubize 64210 Activities of holding companies | 23-12-2010 | 2.196.189.272 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25097C0563/00V000 | 4,171 m² | 1 · 1,043 m² | 10.9 m · 3 |
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