BY LOCATION
ActiveSummary
BY LOCATION has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,842 and a net result of -€10,254. Equity is shrinking by ~15.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 7 accounts on average 80 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 12,321 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
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 12,321 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,459 | €8,459 | €8,459 | €8,459 | €8,459 | = |
| Other operating charges640/8 | €2,314 | €2,379 | €2,816 | €2,912 | €2,971 | ▲ 2.0% |
| Gross operating margin9900 | -€804 | -€585 | -€3,229 | -€1,550 | €1,214 | ▲ 178% |
| Operating profit (loss)9901 | -€11,576 | -€11,423 | -€14,504 | -€12,921 | -€10,216 | ▲ 20.9% |
| Financial income75/76B | - | - | - | €0 | €0 | ▼ 81.8% |
| Recurring financial income75 | - | - | - | €0 | €0 | ▼ 81.8% |
| Financial charges65/66B | €35 | €38 | €38 | €38 | €38 | = |
| Recurring financial charges65 | €35 | €38 | €38 | €38 | €38 | = |
| Profit (loss) for the period before taxes9903 | -€11,611 | -€11,461 | -€14,543 | -€12,959 | -€10,254 | ▲ 20.9% |
| Income taxes67/77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | -€11,611 | -€11,461 | -€14,543 | -€12,959 | -€10,254 | ▲ 20.9% |
| Profit (loss) for the period to be appropriated9905 | -€11,611 | -€11,461 | -€14,543 | -€12,959 | -€10,254 | ▲ 20.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155,808 | €148,298 | €139,266 | €130,634 | €122,149 | ▼ 6.5% |
| Fixed assets21/28 | €151,893 | €143,434 | €134,975 | €126,516 | €118,057 | ▼ 6.7% |
| Tangible fixed assets22/27 | €151,893 | €143,434 | €134,975 | €126,516 | €118,057 | ▼ 6.7% |
| Land and buildings22 | €151,893 | €143,434 | €134,975 | €126,516 | €118,057 | ▼ 6.7% |
| Current assets29/58 | €3,915 | €4,865 | €4,291 | €4,118 | €4,092 | ▼ 0.6% |
| Stocks and contracts in progress3 | €2,867 | €2,867 | €2,867 | €2,867 | €2,867 | = |
| Stocks30/36 | €2,867 | €2,867 | €2,867 | €2,867 | €2,867 | = |
| Current investments50/53 | - | €753 | €13 | €13 | €13 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €1,048 | €1,245 | €1,412 | €1,238 | €1,212 | ▼ 2.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155,808 | €148,298 | €139,266 | €130,634 | €122,149 | ▼ 6.5% |
| Equity10/15 | €86,059 | €74,598 | €60,056 | €47,096 | €36,842 | ▼ 21.8% |
| Contributions10/11 | €239,600 | €239,600 | €239,600 | €239,600 | €239,600 | = |
| Capital10 | €239,600 | €239,600 | - | - | - | - |
| Issued capital100 | €239,600 | €239,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€155,401 | -€166,862 | -€181,404 | -€194,364 | -€204,618 | ▼ 5.3% |
| Amounts payable17/49 | €69,749 | €73,700 | €79,211 | €83,538 | €85,307 | ▲ 2.1% |
| Amounts payable after more than one year17 | €69,749 | €73,700 | €79,211 | €83,526 | €85,307 | ▲ 2.1% |
| Other amounts payable178/9 | €69,749 | €73,700 | €79,211 | €83,526 | €85,307 | ▲ 2.1% |
| Amounts payable within one year42/48 | - | - | - | €13 | - | - |
| Trade debts44 | - | - | - | €13 | - | - |
| Suppliers440/4 | - | - | - | €13 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,611 | -€11,461 | -€14,543 | -€12,959 | -€10,254 | ▲ 20.9% |
| + Depreciation and write-downs630 | €8,459 | €8,459 | €8,459 | €8,459 | €8,459 | = |
| Operating cash flow (approximation) | -€3,152 | -€3,002 | -€6,084 | -€4,501 | -€1,795 | ▲ 60.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €197 | €167 | -€173 | -€26 | ▲ 84.8% |
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
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0049/00W000 | Wallonia | 663 m² | 1 · 93 m² | 6.9 m · 2 fl. |
| 25772H0048/00F000indicative | Wallonia | 176 m² | - | - |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.