Bizz22
ActiveSummary
Bizz22 has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €603,310 and a net result of -€23,083. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+22
Solvency68▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.52 in 2024; short-term debt: 48.7% and cash: 15.9% of total assets), and 56.5% of the assets are financed with debt.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,083
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
57 d early
2023
33 d early
2022
30 d late
2021
1 d late
2020
31 d late
2019
28 d 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 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€603,310▼ 5.3%
2024 · €637,407
Total assets
€1.4m▲ 0.5%
2024 · €1.4m
Net result
-€23,083▲ 73.9%
2024 · -€88,593
Working capital
-€186,801▲ 41.4%
2024 · -€318,657
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€81,765▼ 18.0%-€21,792-€3,855▲ 82.3%-€54,209▼ 1,306%€5,521
Net result€59,611▲ 34.7%-€37,775-€28,756▲ 23.9%-€88,593▼ 208%-€23,083▲ 73.9%
Equity€825,572▲ 6.1%€776,783▼ 5.9%€737,014▼ 5.1%€637,407▼ 13.5%€603,310▼ 5.3%
Total assets€1.8m▲ 8.2%€1.7m▼ 4.0%€1.5m▼ 13.4%€1.4m▼ 6.0%€1.4m▲ 0.5%
Debt€925,238▲ 10.6%€906,256▼ 2.1%€721,387▼ 20.4%€734,999▲ 1.9%€777,568▲ 5.8%
Working capital-€503,863▲ 24.5%-€461,053▲ 8.5%-€362,855▲ 21.3%-€318,657▲ 12.2%-€186,801▲ 41.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,521 after a loss of €54,209 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€898,874 ▼ 12.9%
Current assets
€488,975 ▲ 40.0%
Equity and liabilities €1.4m
Equity
€603,310 ▼ 5.3%
Provisions
€6,970 ▼ 23.6%
Debt
€777,568 ▲ 5.8%
Debt's share of the balance-sheet total rises from 53.2% to 56.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€230,276▲
2024 · €158,547
Cash flow
€201,671▲
2024 · €124,163
Current ratio
0.72▲
2024 · 0.52
Debt to equity
1.29▲
2024 · 1.15
ROE
-3.8%▲
2024 · -13.9%
ROA
-1.7%▲
2024 · -6.4%
Interest coverage
5.16▲
2024 · 3.31
Debt ≤ 1 year
€675,776▲
2024 · €668,045
Debt > 1 year
€101,792▲
2024 · €66,954
Income taxes
€782▼
2024 · €881
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €20,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €186,601 | €196,456 | €209,865 | €212,756 | €224,754 | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€7,767 | -€5,394 | €0 | - | €9,773 | - |
| Other operating charges640/8 | €22,296 | €99,415 | €57,390 | €63,777 | €64,469 | ▲ 1.1% |
| Gross operating margin9900 | €282,895 | €268,686 | €263,400 | €222,324 | €304,518 | ▲ 37.0% |
| Operating profit (loss)9901 | €81,765 | -€21,792 | -€3,855 | -€54,209 | €5,521 | ▲ 110% |
| Financial income75/76B | €11,827 | €12,059 | €12,119 | €12,215 | €14,680 | ▲ 20.2% |
| Recurring financial income75 | €11,827 | €12,059 | €12,119 | €12,215 | €14,680 | ▲ 20.2% |
| Financial charges65/66B | €30,420 | €29,722 | €38,243 | €47,869 | €44,653 | ▼ 6.7% |
| Recurring financial charges65 | €30,420 | €29,722 | €38,243 | €47,869 | €44,653 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €63,171 | -€39,455 | -€29,979 | -€89,863 | -€24,452 | ▲ 72.8% |
| Transfer from deferred taxes780 | €2,151 | €2,151 | €2,151 | €2,151 | €2,151 | = |
| Income taxes67/77 | €5,711 | €471 | €928 | €881 | €782 | ▼ 11.2% |
| Profit (loss) for the period9904 | €59,611 | -€37,775 | -€28,756 | -€88,593 | -€23,083 | ▲ 73.9% |
| Profit (loss) for the period to be appropriated9905 | €59,611 | -€37,775 | -€28,756 | -€88,593 | -€23,083 | ▲ 73.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.7m | €1.5m | €1.4m | €1.4m | ▲ 0.5% |
| Fixed assets21/28 | €1.5m | €1.3m | €1.2m | €1.0m | €898,874 | ▼ 12.9% |
| Tangible fixed assets22/27 | €1.5m | €1.3m | €1.2m | €1.0m | €898,874 | ▼ 12.9% |
| Land and buildings22 | €1.2m | €1.1m | €926,646 | €815,890 | €648,400 | ▼ 20.5% |
| Plant, machinery and equipment23 | €242,086 | €267,270 | €232,944 | €195,843 | €168,839 | ▼ 13.8% |
| Furniture and vehicles24 | - | - | €30,130 | €20,407 | €81,635 | ▲ 300% |
| Current assets29/58 | €286,378 | €355,163 | €279,953 | €349,388 | €488,975 | ▲ 40.0% |
| Amounts receivable after more than one year29 | €61,553 | €54,203 | €45,912 | €34,735 | €123,446 | ▲ 255% |
| Other amounts receivable291 | €61,553 | €54,203 | €45,912 | €34,735 | €123,446 | ▲ 255% |
| Amounts receivable within one year40/41 | €60,921 | €54,074 | €51,272 | €61,063 | €33,518 | ▼ 45.1% |
| Trade receivables40 | €34,826 | €27,712 | €16,389 | €36,144 | €17,712 | ▼ 51.0% |
| Other amounts receivable41 | €26,095 | €26,362 | €34,883 | €24,919 | €15,805 | ▼ 36.6% |
| Current investments50/53 | - | - | - | - | €100,000 | - |
| Cash at bank and in hand54/58 | €159,671 | €246,886 | €173,793 | €234,567 | €220,256 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €4,233 | €0 | €8,976 | €19,023 | €11,756 | ▼ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.7m | €1.5m | €1.4m | €1.4m | ▲ 0.5% |
| Equity10/15 | €825,572 | €776,783 | €737,014 | €637,407 | €603,310 | ▼ 5.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €608,031 | €608,031 | €619,035 | €530,442 | €507,359 | ▼ 4.4% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €601,831 | €601,831 | €612,835 | €524,242 | €501,159 | ▼ 4.4% |
| Profit (loss) carried forward14 | €77,534 | €39,759 | €0 | - | - | - |
| Investment grants15 | €78,007 | €66,993 | €55,979 | €44,965 | €33,951 | ▼ 24.5% |
| Provisions and deferred taxes16 | €15,574 | €13,423 | €11,272 | €9,121 | €6,970 | ▼ 23.6% |
| Deferred taxes168 | €15,574 | €13,423 | €11,272 | €9,121 | €6,970 | ▼ 23.6% |
| Amounts payable17/49 | €925,238 | €906,256 | €721,387 | €734,999 | €777,568 | ▲ 5.8% |
| Amounts payable after more than one year17 | €115,531 | €90,040 | €78,580 | €66,954 | €101,792 | ▲ 52.0% |
| Financial debts170/4 | €110,706 | €90,040 | €78,580 | €66,954 | €101,792 | ▲ 52.0% |
| Other amounts payable178/9 | €4,825 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €790,241 | €816,216 | €642,808 | €668,045 | €675,776 | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | €34,762 | €20,666 | €11,460 | €11,626 | €25,292 | ▲ 118% |
| Trade debts44 | €58,949 | €81,490 | €14,676 | €23,838 | €17,202 | ▼ 27.8% |
| Suppliers440/4 | €58,949 | €81,490 | €14,676 | €23,838 | €17,202 | ▼ 27.8% |
| Advances received on contracts in progress46 | - | - | €9,584 | €9,671 | €2,654 | ▼ 72.6% |
| Taxes, remuneration and social security45 | €15,956 | €31,666 | €13,961 | €14,430 | €13,564 | ▼ 6.0% |
| Taxes450/3 | €15,956 | €28,953 | €11,187 | €14,430 | €13,564 | ▼ 6.0% |
| Remuneration and social security454/9 | - | €2,712 | €2,774 | €0 | - | - |
| Other amounts payable47/48 | €680,575 | €682,395 | €593,126 | €608,480 | €617,065 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | €19,466 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,611 | -€37,775 | -€28,756 | -€88,593 | -€23,083 | ▲ 73.9% |
| + Depreciation and write-downs630 | €186,601 | €196,456 | €209,865 | €212,756 | €224,754 | ▲ 5.6% |
| Operating cash flow (approximation) | €246,212 | €158,681 | €181,109 | €124,163 | €201,671 | ▲ 62.4% |
| Investment in fixed assets (approximation) | - | -€57,750 | -€58,286 | -€55,175 | -€91,489 | ▼ 65.8% |
| Change in cash | - | €87,215 | -€73,093 | €60,775 | -€14,312 | ▼ 124% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€88,593
Net result drops to -€88,593, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Highest result since 2018net €59,611 ▲34.7%
Net result €59,611, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €44,270
Net result €44,270 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2005
Ground area
1.2 ha
Building footprint
4,674 m²
Volume, LiDAR
38,549 m³
Parcel 13453O0330/00N000, Flanders · tallest building 34.7 m, ±3 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Immo Pauwels
since 20052.148.970.761
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0330/00N000 | Flanders | 1.2 ha | 1 · 4,674 m² | 34.7 m · 3 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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Of 12,042 companies in sector 68203 we hold annual accounts for 5,993. 4,380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.