BAR-CODE
ActiveSummary
BAR-CODE has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,609 and a net result of €758. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 2,851 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €2,609
- Profit
- €758
Why 99raises riskSize: total assets €2,654lowers riskLiquidity: current ratio 51.88, cash €1,202Sector: Sports, amusement and recreation activities (NACE 93)Equity €2,609 (98.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro): better than 92% on solvency, 98% on liquidity, 94% on profitability and 81% on growth.
The bankruptcy probability was computed on 25-10-2026 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
This company filed its last 7 accounts on average 2 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €758
- Liquidity more than 10 timescurrent ratio 51.88
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result returns to profit in 2025: €860 after a loss of €1,832 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 26,974 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 94.8% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 26,974 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €161 | €161 | €172 | €165 | €165 | €165 | = |
| Other operating charges640/8 | - | - | - | €57 | €64 | €247 | - | - |
| Gross operating margin9900 | €3,816 | €2,394 | €2,715 | €563 | -€2,024 | -€1,419 | €1,025 | - |
| Operating profit (loss)9901 | €3,816 | €2,178 | €2,499 | €334 | -€2,252 | -€1,832 | €860 | - |
| Financial income75/76B | - | - | - | €0 | - | €3 | - | - |
| Recurring financial income75 | €0 | - | €978 | €0 | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €258 | €77 | €88 | €101 | ▲ 14.8% |
| Recurring financial charges65 | €225 | €389 | €112 | €258 | €77 | €88 | €101 | ▲ 14.8% |
| Profit (loss) for the period before taxes9903 | €3,590 | €1,790 | €3,366 | €77 | -€2,329 | -€1,917 | €758 | - |
| Income taxes67/77 | €1,387 | €417 | €925 | - | - | - | - | - |
| Profit (loss) for the period9904 | €2,203 | €1,373 | €2,441 | €77 | -€2,329 | -€1,917 | €758 | - |
| Profit (loss) for the period to be appropriated9905 | €2,203 | €1,373 | €2,441 | €77 | -€2,329 | -€1,917 | €758 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €3,803 | €6,673 | €8,295 | €8,843 | €5,767 | €2,195 | €2,654 | ▲ 20.9% |
| Fixed assets21/28 | - | €322 | €161 | €815 | €650 | €485 | €319 | ▼ 34.1% |
| Tangible fixed assets22/27 | - | €322 | €161 | €815 | €650 | €485 | €319 | ▼ 34.1% |
| Furniture and vehicles24 | - | - | - | €815 | €650 | €485 | €319 | ▼ 34.1% |
| Current assets29/58 | €3,803 | €6,350 | €8,133 | €8,028 | €5,118 | €1,711 | €2,335 | ▲ 36.4% |
| Amounts receivable within one year40/41 | €2,384 | €2,675 | €4,070 | €3,226 | €2,568 | €1,489 | €1,132 | ▼ 23.9% |
| Trade receivables40 | - | - | - | €343 | €639 | €769 | €413 | ▼ 46.3% |
| Other amounts receivable41 | - | - | - | €2,883 | €1,929 | €719 | €719 | = |
| Cash at bank and in hand54/58 | €1,314 | €3,675 | €3,820 | €4,803 | €2,550 | €222 | €1,202 | ▲ 441% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €3,803 | €6,673 | €8,295 | €8,843 | €5,767 | €2,195 | €2,654 | ▲ 20.9% |
| Equity10/15 | €2,206 | €3,579 | €6,020 | €6,096 | €3,768 | €1,851 | €2,609 | ▲ 41.0% |
| Contributions10/11 | €3 | - | - | €3 | €3 | €3 | €3 | = |
| Reserves13 | €600 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Non-distributable reserves130/1 | - | - | - | €1,200 | €1,200 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,200 | €1,200 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €1,603 | €2,376 | €4,817 | €4,893 | €2,565 | €648 | €1,406 | ▲ 117% |
| Amounts payable17/49 | €1,596 | €3,093 | €2,275 | €2,747 | €2,000 | €345 | €45 | ▼ 87.0% |
| Amounts payable within one year42/48 | €1,596 | €3,093 | €2,275 | €2,747 | €2,000 | €345 | €45 | ▼ 87.0% |
| Trade debts44 | €197 | €2,223 | - | €1,300 | €25 | €7 | €45 | ▲ 551% |
| Suppliers440/4 | - | - | - | €1,300 | €25 | €7 | €45 | ▲ 551% |
| Advances received on contracts in progress46 | - | - | - | €1,350 | €1,350 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €97 | €625 | €338 | - | - |
| Taxes450/3 | - | - | - | €97 | €625 | €338 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,203 | €1,373 | €2,441 | €77 | -€2,329 | -€1,917 | €758 | - |
| + Depreciation and write-downs630 | - | €161 | €161 | €172 | €165 | €165 | €165 | = |
| Operating cash flow (approximation) | €2,203 | €1,534 | €2,602 | €249 | -€2,164 | -€1,752 | €923 | - |
| Investment in fixed assets (approximation) | - | - | €0 | -€826 | €0 | €0 | €0 | - |
| Change in cash | - | €2,361 | €145 | €982 | -€2,253 | -€2,328 | €980 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00021922 |
| 30-06-2024 | micro format | 31-01-2025 | 2025-00018340 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00023076 |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00020212 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03300193 |
| 30-06-2020 | micro format | 05-02-2021 | 2021-04900482 |
| 30-06-2019 | micro format | 10-02-2020 | 2020-04900282 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Sebastiaan François |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-04
Gazette deed
Appointment: Sebastiaan François (director)Amendment of the articles · Capital conversion · Capital6 facts ▸
- General meeting, 03-04-2024
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Director appointment, Sebastiaan François (director (not named in the articles))
- Other provision, 300, 297
- Capital
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24483E0254/00C002 | Flanders | 6,681 m² | 1 · 71 m² | 8.2 m · 2 |
| 24051A0019/00R000 | Flanders | 469 m² | 1 · 173 m² | 8.0 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het oprichten en uitbaten van sportparken / trainingsparken voor het beoefenen van allerlei sportactiviteiten met de klemtoon op…” (deed in Dutch)
16 activities (deed in Dutch)
- Het oprichten en uitbaten van sportparken / trainingsparken voor het beoefenen van allerlei sportactiviteiten met de klemtoon op Calisthenics;
- Het organiseren en begeleiden van individuele- en groepslessen m.b.t. verschillende sporten, zowel voor professionals, voor recreanten als voor bedrijven;
- Het organiseren van opleidingstrajecten voor professionele en recreatieve sportbeoefenaars;
- Het organiseren van allerlei evenementen, beurzen, congressen, spreekfora ter promotie van allerlei sporten;
- Het promoten van sporten in combinatie met gezonde voeding in het kader van een gezonde levensstijl;
- Het organiseren van sportkampen;
- Het geven van demonstraties en shows omtrent verschillende sporten;
- Het verkopen van allerlei producten en merchandising in functie van verschillende sporten;
- Het aanvaarden en uitoefenen van bestuurdersmandaten in andere bedrijven, organisaties en samenwerkingsverbanden;
- Het nemen van participaties in aanverwante bedrijven, al dan niet met hetzelfde doel van de vennootschap en alle tussenkomsten waarvoor geen beperkingen zijn opgelegd bij wet;
- Het beheer voor eigen rekening van een patrimoniumvennootschap;
- Het huren en verhuren van roerende en onroerende goederen;
- Het beheer van beleggingsportefeuilles omvattende een variëteit aan roerende beleggingsproducten van zowel Belgische als buitenlandse oorsprong voor zover er geen wettelijke beperkingen zijn opgelegd;
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen, al dan niet onder het stelsel van de BTW, met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur- en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, van onroerende goederen of onroerende zakelijke rechten;
- Uitsluitend in eigen naam en voor eigen rekening: het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur- en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen;
- Uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen, kredieten, financieringen en het aangaan van leasingcontracten, in het kader van de bovenvermelde doelstellingen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BAR-CODE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene vergadering” (deed in Dutch)“Interne bestuursbevoegdheden, bestuurt alleen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of December at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed