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BY-CONCEPT

Active
Private limited companyfounded 199926 yrs activeBrusselsestraat 50, 1840 Londerzeel, BelgiumKBO/BCE: BE 0467.935.423
Summary

BY-CONCEPT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €440,726 and a net result of €28,996. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 5899 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisWatch ReportCompare
BY-CONCEPTActiveChecked score 83/100
Risk analysis ReportCompare

Overview

Activity
Landscape service activities
NACE 81300Raising of dairy cattle NACE 01410
#10 oldest company in Londerzeel, Administrative and support services sector1 site
Size
€880,287total assets 2024
Equity
€440,726
Profit
€28,996
Turnover not published (abridged schema)
Financial health
83 Excellent Checked score 2024
Bankruptcy chance 12 m
0.5%
Structure
Accounts 65 d overdue0 of 5 deeds read
Why 83- 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late- Figures for FY 2024 (filed 23-09-2025)+ Founded in 1999+ Liquidity: current ratio 2.90, cash €345,371Show the evidence

Checked score

Score 2024
83 / 100
Excellent
Probability in this band: under 0.55%
Better than 61% of its sector peers (NACE 81, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 75+4
equity 50.1% of total assets
Liquidity 96+17
short-term debt 14.6% · cash 39.2%
Profitability 73-1
return on assets 3.3%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (7,599 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -0.9% vs 12-2024 02-2025: 0.2%▲ +1.4% vs 01-2025 03-2025: 0.2%▲ +1.8% vs 02-2025 04-2025: 0.2%▼ -6.6% vs 03-2025 05-2025: 0.2%▲ +4.7% vs 04-2025 06-2025: 0.2%▼ -8.6% vs 05-2025lowest value 07-2025: 0.2%▲ +14.4% vs 06-2025 08-2025: 0.4%▲ +57.1% vs 07-2025 09-2025: 0.4%▲ +13.5% vs 08-2025 10-2025: 0.2%▼ -43.9% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -0.4% vs 12-2025 02-2026: 0.2%▲ +2.2% vs 01-2026 03-2026: 0.2%▲ +1.7% vs 02-2026 04-2026: 0.2%▼ -6.7% vs 03-2026 05-2026: 0.2%▲ +2.2% vs 04-2026 06-2026: 0.2%▼ -9.2% vs 05-2026 07-2026: 0.2%▲ +10.1% vs 06-2026 08-2026: 0.3%▲ +46.1% vs 07-2026 09-2026: 0.4%▲ +13.5% vs 08-2026 10-2026: 0.5%▲ +36.2% vs 09-2026highest value
  • Founded in 1999 lowers the probability for this profile
  • 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late raises the probability
  • Figures for FY 2024 (filed 23-09-2025) raises the probability
  • Liquidity: current ratio 2.90, cash €345,371 lowers the probability
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 2.58 in 2023; short-term debt: 14.6% and cash: 39.2% of total assets), and 49.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 81, micro). Better than this share of them on solvency 59%, liquidity 95%, profitability 43%, growth against the median 47%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1999
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · 1 financial year not filed after the legal deadline; latest accounts 54 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Figures for FY 2024 (filed 23-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.90, cash €345,371
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
54 d late
2023
31 d late
2022
152 d late
2021
109 d late
2020
110 d late
2019
122 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 96 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Positive: Among the best 5% on equitysector median €47,287 · 5,902 companies €440,726 View
  • Caution: Accounts not fileddeadline was 31-07-2026 65 d late View
  • Positive: 7 profitable years in a rowprofit 2024: €28,996 7 years View

By topic

Financials

Fiscal year
2024
Total assets
€880,287
Profit
€28,996
Solvency
50.1%
Total assets▼ 2.7%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 23-09-2025Annual accounts filed
  2. 31-08-2024Annual accounts filed
  3. 30-12-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Landscape service activitiesNACE 81300
Founded
06-12-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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