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BONNET

Active
Private limited companyfounded 199332 yrs activeFranklin Rooseveltlaan 133, 8790 Waregem, BelgiumKBO/BCE: BE 0451.473.632
Summary

BONNET has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177,044 and a net result of -€472. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 45% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability51▼-8
Solvency58▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.45 in 2024; short-term debt: 36.5% and cash: 11.5% of total assets), but 67.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
32.6%
Return on assets
-0.1%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 12-11-2025, 12 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
12 d late
2024
21 d early
2023
19 d early
2022
26 d early
2021
25 d early
2020
5 d late
2019
29 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

BONNET was incorporated on 30 December 1993.1 Total assets fell from EUR 604,937 in 2019 to EUR 543,228 in 2025 and headcount from 1.9 full-time equivalents in 2020 to 1 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2020 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€177,044▼ 0.3%
2024 · €177,516
Total assets
€543,228▼ 14.9%
2024 · €638,011
Net result
-€472
2024 · €4,539
Working capital
€128,828▲ 3.0%
2024 · €125,026
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€40,685▲ 65.4%€18,118▼ 55.5%€87,047▲ 380%€14,561▼ 83.3%€7,413▼ 49.1%
Net result€32,138▲ 245%€1,662▼ 94.8%€64,794▲ 3,799%€4,539▼ 93.0%-€472
Equity€193,258▲ 19.9%€194,920▲ 0.9%€232,977▲ 19.5%€177,516▼ 23.8%€177,044▼ 0.3%
Total assets€520,607▲ 3.0%€497,727▼ 4.4%€562,301▲ 13.0%€638,011▲ 13.5%€543,228▼ 14.9%
Debt€324,986▼ 5.0%€302,182▼ 7.0%€329,278▲ 9.0%€460,449▲ 39.8%€366,184▼ 20.5%
Working capital€175,482▼ 20.1%€157,282▼ 10.4%€202,323▲ 28.6%€125,026▼ 38.2%€128,828▲ 3.0%
Staff (FTE)1▼ 47.4%1=1
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2021: €40,685€40,685Net result 2021: €32,138€32,138Operating result 2022: €18,118€18,118Net result 2022: €1,662€1,662Operating result 2023: €87,047€87,047Net result 2023: €64,794€64,794Operating result 2024: €14,561€14,561Net result 2024: €4,539€4,539Operating result 2025: €7,413€7,413Net result 2025: -€472-€47220212022202320242025-€25,000€0€25,000€50,000€75,000Operating result 2023: €87,047€87,000Net result 2023: €64,794€64,800Operating result 2024: €14,561€14,600Net result 2024: €4,539€4,540Operating result 2025: €7,413€7,410Net result 2025: -€472-€472202320242025
The operating result has fallen two years in a row; 2025 is 49% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €543,228
Fixed assets €216,176 ▼ 9.1%
Current assets €327,052 ▼ 18.3%
Equity and liabilities €543,228
Equity €177,044 ▼ 0.3%
Provisions €0 ▼ 100%
Debt €366,184 ▼ 20.5%
Debt's share of the balance-sheet total falls from 72.2% to 67.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,151▼
2024 · €36,713
Cash flow
€21,266▼
2024 · €26,690
Current ratio
1.65▲
2024 · 1.45
Quick ratio
1.61▲
2024 · 1.45
Debt to equity
2.07▼
2024 · 2.59
ROE
-0.3%▼
2024 · 2.6%
ROA
-0.1%▼
2024 · 0.7%
Interest coverage
3.83▼
2024 · 4.72
Debt ≤ 1 year
€198,224▼
2024 · €275,071
Debt > 1 year
€158,741▼
2024 · €182,327
Income taxes
€1,873▼
2024 · €4,337
Staff costs
€61,997▲
2024 · €47,735
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 12,304 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet Code20242025
Assets
Total assets20/58€638,011€543,228▼
Fixed assets21/28€237,914€216,176▼
Tangible fixed assets22/27€237,914€216,176▼
Land and buildings22€157,726€142,942▼
Plant, machinery and equipment23€5,298€3,711▼
Furniture and vehicles24€7,043€5,643▼
Other tangible fixed assets26€67,847€63,880▼
Current assets29/58€400,097€327,052▼
Stocks and contracts in progress3€1,280€8,258▲
Stocks30/36€1,280€8,258▲
Amounts receivable within one year40/41€334,978€250,255▼
Trade receivables40€276,856€247,128▼
Other amounts receivable41€58,122€3,127▼
Current investments50/53€3,996€3,996=
Cash at bank and in hand54/58€58,772€62,466▲
Deferred charges and accrued income490/1€1,071€2,076▲
Equity and liabilities
Total equity and liabilities10/49€638,011€543,228▼
Equity10/15€177,516€177,044▼
Contributions10/11€18,600€18,600=
Reserves13€158,916€158,444▼
Tax-exempt reserves132€18,464€17,930▼
Distributable reserves133€140,452€140,514=
Provisions and deferred taxes16€46-
Deferred taxes168€46-
Amounts payable17/49€460,449€366,184▼
Amounts payable after more than one year17€182,327€158,741▼
Financial debts170/4€182,327€158,741▼
Amounts payable within one year42/48€275,071€198,224▼
Current portion of amounts payable after more than one year42€23,023€23,586▲
Trade debts44€147,112€77,678▼
Suppliers440/4€147,112€77,678▼
Taxes, remuneration and social security45€44,936€56,874▲
Taxes450/3€35,539€48,001▲
Remuneration and social security454/9€9,397€8,873▼
Other amounts payable47/48€60,000€40,086▼
Accrued charges and deferred income492/3€3,052€9,219▲
Income statement Code20242025
Remuneration, social security and pensions62€47,735€61,997▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,152€21,738▼
Other operating charges640/8€13,482€6,358▼
Gross operating margin9900€97,929€97,506▼
Operating profit (loss)9901€14,561€7,413▼
Financial income75/76B€2,090€1,555▼
Recurring financial income75€2,090€1,555▼
Financial charges65/66B€7,775€7,613▼
Recurring financial charges65€7,775€7,613▼
Profit (loss) for the period before taxes9903€8,876€1,355▼
Transfer from deferred taxes780-€46
Income taxes67/77€4,337€1,873▼
Profit (loss) for the period9904€4,539-€472▼
Transfer from tax-exempt reserves789-€533
Profit (loss) for the period to be appropriated9905€4,539€61▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,539€61▼
Transfer from equity791/2€60,000-
Transfer to equity691/2€4,539€61▼
To other reserves6921€4,539€61▼
Profit to be distributed694/7€60,000-
Return on contributions (dividend)694€60,000-
Social balance
Average headcount (FTE)9087-1.0

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62-€34,390€37,935€47,735€61,997▲ 29.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35,992€26,394€20,986€22,152€21,738▼ 1.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€1,128---
Other operating charges640/8-€5,944€6,989€13,482€6,358▼ 52.8%
Gross operating margin9900€114,824€84,847€154,085€97,929€97,506▼ 0.4%
Operating profit (loss)9901€40,685€18,118€87,047€14,561€7,413▼ 49.1%
Financial income75/76B-€351€305€2,090€1,555▼ 25.6%
Recurring financial income75€920€351€305€2,090€1,555▼ 25.6%
Financial charges65/66B-€17,194€7,967€7,775€7,613▼ 2.1%
Recurring financial charges65€9,467€17,194€7,967€7,775€7,613▼ 2.1%
Profit (loss) for the period before taxes9903€32,138€1,274€79,384€8,876€1,355▼ 84.7%
Transfer from deferred taxes780-€1,737€2,316-€46-
Income taxes67/77-€1,350€16,907€4,337€1,873▼ 56.8%
Profit (loss) for the period9904€32,138€1,662€64,794€4,539-€472▼ 110%
Transfer from tax-exempt reserves789----€533-
Profit (loss) for the period to be appropriated9905€32,138€1,662€64,794€4,539€61▼ 98.6%
Line20212022202320242025Change
Assets
Total assets20/58€520,607€497,727€562,301€638,011€543,228▼ 14.9%
Fixed assets21/28€290,027€273,929€246,943€237,914€216,176▼ 9.1%
Intangible fixed assets21€467€208----
Tangible fixed assets22/27€289,560€273,722€246,943€237,914€216,176▼ 9.1%
Land and buildings22-€187,294€172,510€157,726€142,942▼ 9.4%
Plant, machinery and equipment23-€1,710€1,294€5,298€3,711▼ 30.0%
Furniture and vehicles24-€15,470€7,557€7,043€5,643▼ 19.9%
Other tangible fixed assets26-€69,248€65,582€67,847€63,880▼ 5.8%
Current assets29/58€230,580€223,797€315,358€400,097€327,052▼ 18.3%
Stocks and contracts in progress3€5,441€11,363€11,402€1,280€8,258▲ 545%
Stocks30/36-€11,363€11,402€1,280€8,258▲ 545%
Amounts receivable within one year40/41€173,898€148,576€185,270€334,978€250,255▼ 25.3%
Trade receivables40-€129,628€177,492€276,856€247,128▼ 10.7%
Other amounts receivable41-€18,949€7,778€58,122€3,127▼ 94.6%
Current investments50/53€3,996€3,996€3,996€3,996€3,996=
Cash at bank and in hand54/58€47,245€53,475€111,722€58,772€62,466▲ 6.3%
Deferred charges and accrued income490/1-€6,387€2,967€1,071€2,076▲ 93.9%
Equity and liabilities
Total equity and liabilities10/49€520,607€497,727€562,301€638,011€543,228▼ 14.9%
Equity10/15€193,258€194,920€232,977€177,516€177,044▼ 0.3%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€174,658€176,320€214,377€158,916€158,444▼ 0.3%
Tax-exempt reserves132-€18,464€18,464€18,464€17,930▼ 2.9%
Distributable reserves133-€157,857€195,914€140,452€140,514=
Profit (loss) carried forward14€9,998-----
Provisions and deferred taxes16€2,362€625€46€46--
Deferred taxes168-€625€46€46--
Amounts payable17/49€324,986€302,182€329,278€460,449€366,184▼ 20.5%
Amounts payable after more than one year17€267,188€232,967€205,350€182,327€158,741▼ 12.9%
Financial debts170/4-€232,967€205,350€182,327€158,741▼ 12.9%
Amounts payable within one year42/48€55,098€66,515€113,035€275,071€198,224▼ 27.9%
Current portion of amounts payable after more than one year42-€33,940€27,617€23,023€23,586▲ 2.4%
Trade debts44€5,994€14,320€14,000€147,112€77,678▼ 47.2%
Suppliers440/4-€14,320€14,000€147,112€77,678▼ 47.2%
Taxes, remuneration and social security45-€18,255€46,418€44,936€56,874▲ 26.6%
Taxes450/3-€14,524€42,033€35,539€48,001▲ 35.1%
Remuneration and social security454/9-€3,731€4,385€9,397€8,873▼ 5.6%
Other amounts payable47/48--€25,000€60,000€40,086▼ 33.2%
Accrued charges and deferred income492/3-€2,700€10,893€3,052€9,219▲ 202%
Line20212022202320242025Change
Profit (loss) for the period9904€32,138€1,662€64,794€4,539-€472▼ 110%
+ Depreciation and write-downs630€35,992€26,394€20,986€22,152€21,738▼ 1.9%
Operating cash flow (approximation)€68,131€28,056€85,780€26,690€21,266▼ 20.3%
Investment in fixed assets (approximation)--€10,297€6,000-€13,122€0▲ 100%
Change in cash-€6,229€58,247-€52,950€3,694▲ 107%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
22-01
State Gazette act Restructuring
Merger · Capital · Accounting effect4 facts ▸
  • Merger, met fusie door overneming gelijkgestelde verrichting
  • Capital, €62.000
  • Capital, €18.600
  • Accounting effect, 01-10-2025
2025
12-11
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2024
10-10
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
12-10
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial Highest result since 2019net €64,794 ▲3,799%
Operating result €87,047, net result €64,794, both a record.
31-03
Financial Equity above €200,000Eq €232,977 ▲19.5%
4 profitable years in a row build equity to €232,977.
2022
05-10
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-10
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
05-11
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
31-03
Financial Back to profitnet €9,304
Net result €9,304 after one loss-making year.
31-03
Financial Liquidity triplescurrent ratio 7.61
Current ratio from 2.63 to 7.61; short-term debt falls from €121,765 to €33,219.
2019
02-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
09-11
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2016
08-11
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
2,222 m²
Building footprint
756 m²
Volume, LiDAR
4,187 m³
Parcel 34452B0680/00V000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
PAPIERHANDEL BURO MODERN
Franklin Rooseveltlaan 133, 8790 WaregemNACE 51475
since 19942.066.258.861
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34452B0680/00V000 Flanders 2,222 m² 1 · 756 m² 11.1 m · 2 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.

Articles of association

Purpose
De vennootschap heeft tot voorwerp: 1/ Groot- en kleinhandel, aan- en verkoop, in- en uitvoer: a. van kantoormachines, kantoormaterieel, kantoormeubelen, en kantooruitrusting…
Full purpose

De vennootschap heeft tot voorwerp: 1/ Groot- en kleinhandel, aan- en verkoop, in- en uitvoer: a. van kantoormachines, kantoormaterieel, kantoormeubelen, en kantooruitrusting, rekken, papierwaren, schoolbenodigdheden, tijdschriften, kantoorgerief en kantoorbenodigdheden, lederwaren, speelgoed, decoratie-artikelen, geschenkartikelen, fotomateriaal, evenals alle toebehoren van voormelde artikelen in de meest uitgebreide zin; b. van hard- en software, computers, randapparatuur, bureautica, telecommunicatie (ondermeer (mobiele) telefonie) en aanverwanten, alle elektrische en elektronische apparatuur en de haar betreffende componenten, wisselstukken en benodigdheden. c. van video-, televisietoestellen. d. relatiegeschenken e. consumentenartikelen 2/ De vertegenwoordiging, de montage, de herstelling en het onderhoud, het verhuren van en de handel in kantoormachines, kantoormaterieel en van de goederen vermeld onder punten b en c; de in- en uitvoer, aan- en verkoop van alle wisselstukken, onderdelen en benodigdheden. 3/ Het uitvoeren of laten uitvoeren van druk- en kopiewerken, het verzorgen van de copy-service in de meest uitgebreide zin van het woord. 4/ Alle verrichtingen in verband met kantoororganisatie, handelsinrichtingen; ontwerp en uitvoering van kantoorinterieurs 5/ Krantenwinkel in het algemeen, Lotto, Nationale Loterij en andere loterijen. 6/ Handelsbemiddeling in goederen, algemeen assortiment. 7/ Verhuur van geleasede of eigen roerende goederen. Dienstprestaties van economische aard, zowel in eigen beheer als in deelname met derden, met betrekking tot de voormelde punten. De vennootschap mag haar voorwerp verwezenlijken voor eigen rekening of voor rekening van derden, op alle manieren en volgens de wijzen die haar het best geschikt blijken. Zij mag namelijk, en zonder dat deze opsomming beperkend weze, alle commerciële, financiële, industriële, burgerlijke, roerende en onroerende verrichtingen doen die zich rechtstreeks of onrechtstreeks bij het voorwerp aansluiten, of van aard zijn er de verwezenlijking van te bevorderen, en ondermeer, alle roerende en onroerende goederen, handelsfondsen, vergunningen en fabrieksmerken aankopen, in huur nemen, verhuren, verkopen en ruilen; belangen nemen, bij middel van associatie, inbreng, onderschrijving, versmelting, deelneming, financiële tussenkomst of om het even welke andere wijzen, in alle vennootschappen of ondernemingen waarvan het voorwerp met het hare is verwant of erbij aansluit, of nog van aard is het voorwerp van onderhavige vennootschap te bevorderen. De algemene vergadering van de vennoten, beraadslagend en beslissend als voor het wijzigen van de statuten, is gemachtigd het voorwerp uit te breiden en te verklaren.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. BEMBO 100%
  2. BONNET

Highest known parent: BEMBO. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Acquisitions and mergers

1 transaction
BE 0451.067.222operation treated as a merger by absorption · proposal · State Gazette act of 22-01-2026 (2 acts)

Capital and shareholders

Capital over the years
  1. 22-01-2026 Capital stated in the act · 18,600 EUR · 210 shares

Similar companies · same sector, comparable size

Of 27 companies in sector 47622 we hold annual accounts for 7. 5 are within a factor 10 of this equity. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded30-12-1993
Fiscal year end31-03
Activities, NACEBEL 2025
46492Wholesale trade
47621Retail sale of newspapers and periodicals
47622Retail trade
68201Renting and operating of own or leased residential real estate, excluding social housing
77120Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0451473632
Also 9925:BE0451473632
Registered 30-01-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.