BINOCULO
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
BINOCULO has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199,748 and a net result of €56,235. Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 69% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 02-07-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Veldovenweg 4, 1800 Vilvoorde
- Activity
- Business and other management consultancy NACE 70200and 10 others
- Establishment unit
- 2.277.676.992 1800 Vilvoorde, since 02-07-2018
- Financial year end
- 30 September
- Peppol
- Reachable since 17-06-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €76,271
- ▲ 11.0%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €56,235
- ▲ 13.9%
- Equity
- €199,748
- ▲ 3.2%
- Total assets
- €272,617
- ▲ 7.5%
Score breakdownlowers riskLiquidity: current ratio 3.35, cash €131,998Sector: Activities of head offices; management consultancy activities (NACE 70)Equity €199,748 (73.3% of total assets)Size: total assets €272,617Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 70, micro). It does better than 70% of them on solvency, 82% on liquidity, 64% on profitability and 48% on growth.
The bankruptcy probability was computed on 31-10-2026 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. 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).
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Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
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Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-09-2025
- Filed on
- 31-03-2026
- Format
- micro format
- Reference
- 2026-00068481
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 26,972 companies had the same profile as BINOCULO has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BINOCULO itself is lower: < 0.1% within 12 months. It rests on far more data about BINOCULO than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for BINOCULO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,705 | €7,788 | €8,089 | €7,751 | €6,732 | €1,282 | €1,565 | ▲ 22.0% |
| Other operating charges640/8 | - | - | €208 | €295 | €268 | €415 | €323 | ▼ 22.2% |
| Non-recurring operating charges66A | - | - | - | €5,082 | - | - | €235 | - |
| Gross operating margin9900 | €76,843 | €78,904 | €60,652 | €70,704 | €28,189 | €68,740 | €76,271 | ▲ 11.0% |
| Operating profit (loss)9901 | €66,704 | €70,838 | €52,354 | €57,576 | €21,189 | €67,043 | €74,149 | ▲ 10.6% |
| Financial income75/76B | - | - | - | €3 | €1 | €1,913 | €4,803 | ▲ 151% |
| Recurring financial income75 | - | - | - | €3 | €1 | €1,913 | €4,803 | ▲ 151% |
| Financial charges65/66B | - | - | €138 | €6,826 | -€340 | -€629 | €57 | - |
| Recurring financial charges65 | €65 | €51 | €138 | €6,826 | -€340 | -€629 | €57 | - |
| Profit (loss) for the period before taxes9903 | €66,639 | €70,786 | €52,216 | €50,753 | €21,530 | €69,585 | €78,896 | ▲ 13.4% |
| Income taxes67/77 | €19,999 | €20,785 | €15,587 | €15,572 | €7,282 | €20,191 | €22,661 | ▲ 12.2% |
| Profit (loss) for the period9904 | €46,640 | €50,002 | €36,629 | €35,182 | €14,248 | €49,394 | €56,235 | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €46,640 | €50,002 | €36,629 | €35,182 | €14,248 | €49,394 | €56,235 | ▲ 13.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €102,887 | €145,690 | €159,898 | €190,585 | €198,799 | €253,683 | €272,617 | ▲ 7.5% |
| Fixed assets21/28 | €27,531 | €20,939 | €13,463 | €32,974 | €26,638 | €27,638 | €28,441 | ▲ 2.9% |
| Tangible fixed assets22/27 | €27,531 | €20,939 | €13,463 | €32,974 | €26,638 | €27,638 | €28,441 | ▲ 2.9% |
| Land and buildings22 | - | - | - | €24,713 | €24,342 | €23,971 | €23,600 | ▼ 1.5% |
| Plant, machinery and equipment23 | - | - | €1,631 | €1,946 | €1,178 | €2,335 | €2,452 | ▲ 5.0% |
| Furniture and vehicles24 | - | - | €11,833 | €5,071 | - | €342 | €1,525 | ▲ 346% |
| Other tangible fixed assets26 | - | - | - | €1,244 | €1,117 | €990 | €864 | ▼ 12.8% |
| Current assets29/58 | €75,355 | €124,751 | €146,435 | €157,611 | €172,162 | €226,045 | €244,176 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €14,157 | €14,829 | €16,666 | €19,228 | €24,305 | €23,320 | €21,592 | ▼ 7.4% |
| Trade receivables40 | - | - | €16,666 | €16,093 | €17,696 | €16,335 | €21,592 | ▲ 32.2% |
| Other amounts receivable41 | - | - | - | €3,135 | €6,609 | €6,985 | - | - |
| Current investments50/53 | - | - | €34,914 | €28,139 | €28,530 | €125,000 | €90,000 | ▼ 28.0% |
| Cash at bank and in hand54/58 | €61,198 | €109,923 | €94,855 | €110,243 | €119,327 | €77,529 | €131,998 | ▲ 70.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €196 | €585 | ▲ 199% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €102,887 | €145,690 | €159,898 | €190,585 | €198,799 | €253,683 | €272,617 | ▲ 7.5% |
| Equity10/15 | €52,840 | €102,842 | €139,471 | €174,653 | €188,901 | €193,515 | €199,748 | ▲ 3.2% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €46,640 | €96,642 | €133,271 | €168,453 | €182,701 | €187,315 | €193,548 | ▲ 3.3% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €131,411 | €166,593 | €180,841 | €187,315 | €193,548 | ▲ 3.3% |
| Amounts payable17/49 | €50,047 | €42,849 | €20,427 | €15,933 | €9,898 | €60,168 | €72,869 | ▲ 21.1% |
| Amounts payable within one year42/48 | €50,047 | €42,849 | €20,427 | €15,933 | €9,898 | €60,168 | €72,869 | ▲ 21.1% |
| Trade debts44 | €29,253 | €16,282 | €8,540 | €6,599 | €5,417 | €4,420 | €6,105 | ▲ 38.1% |
| Suppliers440/4 | - | - | €8,540 | €6,599 | €5,417 | €4,420 | €6,105 | ▲ 38.1% |
| Taxes, remuneration and social security45 | - | - | €10,874 | €8,334 | €4,482 | €10,968 | €12,594 | ▲ 14.8% |
| Taxes450/3 | - | - | €10,874 | €8,334 | €4,482 | €10,968 | €12,594 | ▲ 14.8% |
| Other amounts payable47/48 | - | - | €1,014 | €1,000 | - | €44,780 | €54,170 | ▲ 21.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,640 | €50,002 | €36,629 | €35,182 | €14,248 | €49,394 | €56,235 | ▲ 13.9% |
| + Depreciation and write-downs630 | €9,705 | €7,788 | €8,089 | €7,751 | €6,732 | €1,282 | €1,565 | ▲ 22.0% |
| Operating cash flow (approximation) | €56,345 | €57,790 | €44,719 | €42,932 | €20,980 | €50,676 | €57,800 | ▲ 14.1% |
| Investment in fixed assets (approximation) | - | -€1,196 | -€613 | -€27,262 | -€395 | -€2,283 | -€2,368 | ▼ 3.7% |
| Change in cash | - | €48,724 | -€15,068 | €15,388 | €9,083 | -€41,798 | €54,469 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 31-03-2026 | 2026-00068481 | |
| 30-09-2024 | micro format | 22-04-2025 | 2025-00073535 | |
| 30-09-2023 | micro format | 08-04-2024 | 2024-00060198 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00077201 | |
| 30-09-2021 | micro format | 25-04-2022 | 2022-20008982 | |
| 30-09-2020 | micro format | 30-03-2021 | 2021-09100465 | |
| 30-09-2019 | micro format | 07-04-2020 | 2020-09000046 |
Comparable companies
These companies have the same main activity as BINOCULO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €253,000 and €309,000, founded between 2017 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| BINOCULO Vilvoorde | 2018 | €272,617 | €199,748 | €76,271 | €56,235 | 2025 |
| Man versus Web Dilbeek | 2019 | €281,662 | €203,560 | €79,558 | €39,540 | 2025 |
| GALAGE B-CORP Tervuren | 2019 | €252,766 | €80,150 | €80,696 | €41,596 | 2025 |
| BLOUBERG Wemmel | 2018 | €308,914 | €84,216 | €78,436 | €51,275 | 2025 |
| DOUBLEUS Boortmeerbeek | 2019 | €277,410 | €75,930 | €81,945 | €54,602 | 2025 |
| ORIOPO Hoegaarden | 2017 | €298,864 | €284,982 | €74,022 | €53,995 | 2025 |
| JIVA Geetbets | 2019 | €306,298 | €147,624 | €69,715 | €30,121 | 2025 |
They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Subsidies and aid
Flemish government
2023 to 2025 · 2 entries · €870 awarded · €870 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €192 | €192 |
| 2023 | 1 | €678 | €678 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Langenaeken Nicole |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur,bevoegdheid bij meerdere, 1”1 more provision on this in the deed
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Articles of association, deed of 05-02-2024
Owners and capital
Capital transactions
- 05-02-2024 Capital stated in the deed · 100 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, elektronische algemene vergadering-deelname op afstand”“Toegang algemene vergadering, rechten mogen niet geschorst zijn”“Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal”“Beraadslagingen-stemrecht-volmacht-agenda-meerderheid, meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten tenzij…”“Bestuursorgaan tijdens zitting, verdaging”“Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan”Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen,goederen in natura zelfde wijze, na aanzuivering…”“Alleen of gezamenlijk zoals bestuursorgaan bepaalt, dagelijks bestuur en vertegenwoordiging dat bestuur”
Articles of association, deed of 05-02-2024 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of BINOCULO. Every other company they run is a node.
History
Acts, filings and financial milestones
05-02
Gazette deed
Resignation: Langenaeken Nicole (manager)Appointment: Langenaeken Nicole (director) · Permanent representative: Langenaeken Nicole · Purpose change12 points ▸
- General meeting, 14-12-2023
- Other provision, “EERSTE BESLISSING-verslag wijziging voorwerp, ontslag voorzitter lezing verslag bestuurder met gedetailleerde motivatie” (deed in Dutch)
- Purpose change
- Other provision, “DERDE BESLISSING-aanpassing aan WVV en behoud rechtsvorm, statuten aanpassen aan WVV en rechtsvorm besloten vennootschap (BV) behouden” (deed in Dutch)
- Capital conversion, “geldt tevens voor toekomstige bijstortingen van in verleden geplaatst nog niet gestort kapitaal geboekt op niet-opgevraagde inbrengen, nog niet gestort deel omg…” (deed in Dutch)
- Amendment of the articles
- Director resignation, Langenaeken Nicole (manager)
- Director appointment, Langenaeken Nicole (director (not named in the articles))
- Director discharge, Langenaeken Nicole
- Permanent representative, Langenaeken Nicole
- Power of attorney, Anne Verhaeghe
- Capital
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23645C0072/00A003 | Flanders | 247 m² | 1 · 74 m² | 10.4 m · 3 |