Summary
BE-CODE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €51,894 and a net result of €14,472. Equity is growing by about 55% per year across the filed financial years. Its solvency ranks better than 59% of 304 sector peers (NACE 64, financial year 2026). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
1 site
Size
≈ €120,000turnover 2026, estimated
- Equity
- €51,894
- Profit
- €14,472
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 08-10-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
23 days early
2025
28 days early
2024
35 days early
2023
28 days early
2022
32 days early
2021
5 days early
2020
10 days late
← 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 20 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 3 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-10-2026 today31-03-2027 year end31-10-2027 deadline
- Annual accounts filedfinancial year 2026 · micro…
- Back to profitnet €14,472
- Annual accounts filedfinancial year 2025 · micro…
Financials · financial year 2026, micro format
Equity
€51,894▲ 38.7%
2025 · €37,422
Net result
€14,472
2025 · -€1,212
Total assets
€76,438▲ 45.8%
2025 · €52,421
Solvency
67.9%▼ 3.5pp
2025 · 71.4%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 34 times 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€21,917
2026
Net result€14,472
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€76,438
2026
Equity€51,894
2026
Debt€24,544
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€50,116
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)18.9%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency67.9%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.04
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result-€1,092--€386▲ 64.6%-€373▲ 3.3%-€657▼ 75.9%€32,490€40,833▲ 25.7%€645▼ 98.4%€21,917▲ 34×
Net result-€1,139--€428▲ 62.4%-€421below the sector's middle half▲ 1.7%-€702below the sector's middle half▼ 66.6%€26,239within the sector's middle half€28,053within the sector's middle half▲ 6.9%-€1,212below the sector's middle half€14,472
Equity€4,393-€3,965▼ 9.7%€3,544below the sector's middle half▼ 10.6%€2,842below the sector's middle half▼ 19.8%€29,081below the sector's middle half▲ 923%€57,134within the sector's middle half▲ 96.5%€37,422within the sector's middle half▼ 34.5%€51,894▲ 38.7%
Total assets€4,590-€4,162▼ 9.3%€3,994below the sector's middle half▼ 4.0%€3,339below the sector's middle half▼ 16.4%€58,380below the sector's middle half▲ 17×€91,087below the sector's middle half▲ 56.0%€52,421below the sector's middle half▼ 42.4%€76,438▲ 45.8%
Debt€197-€197=€451▲ 129%€497▲ 10.2%€29,300▲ 59×€33,953▲ 15.9%€14,999▼ 55.8%€24,544▲ 63.6%
Working capital€4,393-€3,965▼ 9.7%€3,544within the sector's middle half▼ 10.6%€2,842within the sector's middle half▼ 19.8%€29,081within the sector's middle half▲ 923%€53,625within the sector's middle half▲ 84.4%€34,778within the sector's middle half▼ 35.1%€50,116▲ 44.1%
Solvency95.7%-95.3%▼ 0.4pp88.7%above the sector's middle half▼ 6.6pp85.1%above the sector's middle half▼ 3.6pp49.8%within the sector's middle half▼ 35.3pp62.7%within the sector's middle half▲ 12.9pp71.4%within the sector's middle half▲ 8.7pp67.9%▼ 3.5pp
Current ratio1.99within the sector's middle half2.58within the sector's middle half▲ 0.593.32within the sector's middle half▲ 0.743.04▼ 0.28
Return on assets (ROA)44.9%above the sector's middle half30.8%above the sector's middle half▼ 14.1pp-2.3%below the sector's middle half▼ 33.1pp18.9%▲ 21.2pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €76,438
Fixed assets
€1,778 ▼ 32.7%
Current assets
€74,659 ▲ 50.0%
Equity and liabilities €76,438
Equity
€51,894 ▲ 38.7%
Debt
€24,544 ▲ 63.6%
Debt's share of the balance-sheet total rises from 28.6% to 32.1%. Equity and debt are higher.
Key figures and ratios
ROE
27.9%▲
2025 · -3.2%
Debt ≤ 1 year
€24,544▲
2025 · €14,999
Income taxes
€7,048▲
2025 · €1,421
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €536 | €203,737 | €219,445 | €171,261 | €141,454 | ▼ 17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €818 | €865 | €865 | = |
| Other operating charges640/8 | - | - | - | €120 | €1,922 | €1,306 | €1,393 | €1,651 | ▲ 18.6% |
| Gross operating margin9900 | -€483 | -€254 | -€254 | -€536 | €34,412 | €42,957 | €2,903 | €24,433 | ▲ 742% |
| Operating profit (loss)9901 | -€1,092 | -€386 | -€373 | -€657 | €32,490 | €40,833 | €645 | €21,917 | ▲ 34× |
| Financial income75/76B | - | - | - | - | €0 | €0 | €73 | €174 | ▲ 138% |
| Recurring financial income75 | - | - | - | - | €0 | €0 | €73 | €174 | ▲ 138% |
| Financial charges65/66B | - | - | - | €45 | €678 | €409 | €509 | €571 | ▲ 12.1% |
| Recurring financial charges65 | €48 | €42 | €48 | €45 | €678 | €409 | €509 | €571 | ▲ 12.1% |
| Profit (loss) for the period before taxes9903 | -€1,139 | -€428 | -€421 | -€702 | €31,812 | €40,424 | €208 | €21,520 | ▲ 103× |
| Income taxes67/77 | - | - | - | - | €5,574 | €12,371 | €1,421 | €7,048 | ▲ 396% |
| Profit (loss) for the period9904 | -€1,139 | -€428 | -€421 | -€702 | €26,239 | €28,053 | -€1,212 | €14,472 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,139 | -€428 | -€421 | -€702 | €26,239 | €28,053 | -€1,212 | €14,472 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4,590 | €4,162 | €3,994 | €3,339 | €58,380 | €91,087 | €52,421 | €76,438 | ▲ 45.8% |
| Fixed assets21/28 | - | - | - | - | - | €3,509 | €2,644 | €1,778 | ▼ 32.7% |
| Tangible fixed assets22/27 | - | - | - | €0 | - | €3,509 | €2,644 | €1,778 | ▼ 32.7% |
| Plant, machinery and equipment23 | - | - | - | - | - | €3,509 | €2,644 | €1,778 | ▼ 32.7% |
| Current assets29/58 | €4,590 | €4,162 | €3,994 | €3,339 | €58,380 | €87,578 | €49,777 | €74,659 | ▲ 50.0% |
| Amounts receivable within one year40/41 | - | - | - | - | €30,896 | €28,629 | €18,708 | €15,518 | ▼ 17.1% |
| Trade receivables40 | - | - | - | - | €30,896 | €28,629 | €18,708 | €15,518 | ▼ 17.1% |
| Cash at bank and in hand54/58 | €4,590 | €4,162 | €3,994 | €3,339 | €27,485 | €58,949 | €31,069 | €59,142 | ▲ 90.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4,590 | €4,162 | €3,994 | €3,339 | €58,380 | €91,087 | €52,421 | €76,438 | ▲ 45.8% |
| Equity10/15 | €4,393 | €3,965 | €3,544 | €2,842 | €29,081 | €57,134 | €37,422 | €51,894 | ▲ 38.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €100 | €100 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €10,360 | €38,360 | €36,500 | €50,500 | ▲ 38.4% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €8,500 | €38,360 | €36,500 | €50,500 | ▲ 38.4% |
| Profit (loss) carried forward14 | -€16,067 | -€16,495 | -€16,916 | -€17,618 | €121 | €174 | €822 | €1,294 | ▲ 57.4% |
| Amounts payable17/49 | €197 | €197 | €451 | €497 | €29,300 | €33,953 | €14,999 | €24,544 | ▲ 63.6% |
| Amounts payable within one year42/48 | €197 | €197 | €451 | €497 | €29,300 | €33,953 | €14,999 | €24,544 | ▲ 63.6% |
| Trade debts44 | - | - | €254 | - | €5,475 | €11,173 | €562 | €2,866 | ▲ 410% |
| Suppliers440/4 | - | - | - | - | €5,475 | €11,173 | €562 | €2,866 | ▲ 410% |
| Taxes, remuneration and social security45 | - | - | - | - | €22,673 | €20,070 | €13,877 | €16,137 | ▲ 16.3% |
| Taxes450/3 | - | - | - | - | €22,673 | €14,296 | €9,683 | €11,722 | ▲ 21.1% |
| Remuneration and social security454/9 | - | - | - | - | - | €5,775 | €4,194 | €4,414 | ▲ 5.2% |
| Other amounts payable47/48 | - | - | - | €497 | €1,152 | €2,710 | €560 | €5,541 | ▲ 889% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,139 | -€428 | -€421 | -€702 | €26,239 | €28,053 | -€1,212 | €14,472 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | €818 | €865 | €865 | = |
| Operating cash flow (approximation) | -€1,139 | -€428 | -€421 | -€702 | €26,239 | €28,871 | -€347 | €15,337 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | €0 | €0 | - |
| Change in cash | - | -€428 | -€167 | -€656 | €24,146 | €31,465 | -€27,880 | €28,073 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 08-10-2026 | 2026-00554335 |
| 31-03-2025 | micro format | 03-10-2025 | 2025-00534222 |
| 31-03-2024 | micro format | 26-09-2024 | 2024-00481653 |
| 31-03-2023 | micro format | 03-10-2023 | 2023-00473272 |
| 31-03-2022 | micro format | 29-09-2022 | 2022-20445346 |
| 31-03-2021 | micro format | 26-10-2021 | 2021-74300445 |
| 31-03-2020 | abbreviated format | 10-11-2020 | 2020-69700462 |
| 31-03-2019 | abbreviated format | 30-10-2019 | 2019-72000217 |
| 31-03-2018 | abbreviated format | 30-10-2018 | 2018-71000191 |
| 31-03-2017 | abbreviated format | 27-09-2017 | 2017-63600209 |
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Of the 24,456 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,125. 10,777 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €231 awarded · €231 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2023
Colpaert Chris
CurrentDirector (not named in the articles) · since 06-07-2023
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2023, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Colpaert Chris |
|
Owners and capital
Capital and shareholders
Capital over the years
- 06-07-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2027, expected by
2026
08-10
NBB filing
Annual accounts filed
financial year 2026 · micro format
31-03
Financial
Back to profitnet €14,472
Net result €14,472 after one loss-making year.
2025
03-10
NBB filing
Annual accounts filed
financial year 2025 · micro format
31-03
Financial
Weakest financial yearnet -€1,212
Net result drops to -€1,212, the lowest in the series; recovery starts the following year.
2024
26-09
NBB filing
Annual accounts filed
financial year 2024 · micro format
31-03
Financial
Highest result from 2019 to 2026net €28,053 ▲6.9%
Operating result €40,833, net result €28,053, both a record.
2023
03-10
NBB filing
Annual accounts filed
financial year 2023 · micro format
06-07
Gazette deed
Appointment: Colpaert Chris (director)Amendment of the articles · Capital conversion · Reserve release9 facts ▸
Gazette deed
Appointment: Colpaert Chris (director)
Amendment of the articles · Capital conversion · Reserve release9 facts ▸
- General meeting, 29-06-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “ontslag statutaire bestuurder, ontslag” (deed in Dutch)
- Capital
- Director appointment, Colpaert Chris (director (not named in the articles))
- Registered office clause, “9920 Lievegem (Lovendegem), Eglantier 7” (deed in Dutch)
- Power of attorney (2 times)
31-03
Financial
Back to profitnet €26,239
Net result €26,239 after 4 loss-making years.
2022
29-09
NBB filing
Annual accounts filed
financial year 2022 · micro format
2021
26-10
NBB filing
Annual accounts filed
financial year 2021 · micro format
2020
10-11
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 10 days late
Show earlier events
2019
30-10
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2018
30-10
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2017
27-09
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
1 of 2 deeds read
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded22-03-2012
Financial year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
72101Research and development on biotechnology
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844609781
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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
Location & real-estate footprint
Registered office, Lievegem · 1 establishment unit since 2012
Ground area
800 m²
Building footprint
185 m²
Building volume
715 m³
Parcel 44036A1760/00H000, Flanders · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
BE-CODE
since 2012unit no. 2.208.977.535
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44036A1760/00H000 | Flanders | 800 m² | 1 · 185 m² | 8.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BE-CODE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 9920Lievegem(Lovendegem),Eglantier7” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “12, 1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of September at 10:00