Active BE 0539.959.012Private limited company

C²

Djef Antenstraat 46 ·3500 Hasselt, Belgium· 12 yrs active

Sector: Office administrative and support services (82100)

Conclusion Checked

C² has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-42k) and a net result of €5k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 7583 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€-42k
Net result	€5k
Better than sector	11%
Active	12 yrs

Financial profile 5 of 5 axes measured · computed by Checked

40 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 11

Profitability 0

Solvency 33

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2013, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

11 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

45 2020

43 2021

46 2022

7 2023

15 2024

11 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.07 (< 1.0) -10

Quick ratio Quick ratio 0.07 (< 0.6) -5

Equity Negative equity -25

Profitability Negatieve ROE -12% -10

Interest coverage Interest coverage 1.9× +3

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview12 NBB filings

Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 82, Office administrative, office support and other business support activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-5.1%	50.9%	better than 11% of 7583 sector peers
Net result	€5k	€17k	better than 34% of 7573 sector peers
Equity	€-42k	€58k	better than 5% of 7590 sector peers
Gross operating margin	€65k	€40k	better than 64% of 7568 sector peers
Total assets	€823k	€140k	better than 89% of 7588 sector peers

EBITDA

€55k

+295.6% 20-25

Net profit

€5k

- 20-25

Cash flow

€25k

- 20-25

Total assets

€823k

-6.8% 20-25

Equity

€-42k

+10.3% 20-25

Working capital

€-275k

-212.1% 20-25

Income taxes

€460

-16.0% 20-25

Debt

€866k

-6.9% 20-25

Debt ≤ 1y

€297k

+80.7% 20-25

Debt > 1y

€569k

-25.8% 20-25

Current ratio

0.07

-84.1% 20-25

Quick ratio

0.07

+175.5% 20-25

Solvency

-5.1%

+3.8% 20-25

Debt / equity

-20.45

-3.8% 20-25

ROE

-11.5%

- 20-25

ROA

0.6%

- 20-25

Interest coverage

1.87

+114.6% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€55k	€14k	€-19k	€29k	€-10k
Net profit	€5k	€-18k	€-42k	€19k	€-27k
Cash flow	€25k	€-2k	€-27k	€32k	€-17k
Staff costs	-	-	-	-	-
Income taxes	€460	€548	€296	€122	€377
Dividends	-	-	-	-	-
Total assets	€823k	€883k	€473k	€331k	€369k
Equity	€-42k	€-47k	€-29k	€13k	€-6k
Debt	€866k	€930k	€502k	€318k	€376k
of which ≤ 1y	€297k	€164k	€98k	€39k	€64k
of which > 1y	€569k	€766k	€404k	€279k	€312k
Working capital	€-275k	€-88k	€-61k	€-19k	€134k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.07	0.46	0.38	0.51	3.09
Quick ratio	0.07	0.03	0.38	0.51	0.99
Working capital ratio	-33.4%	-10.0%	-12.9%	-5.8%	36.2%
Solvency	-5.1%	-5.3%	-6.1%	4.0%	-1.7%
Debt / equity	-20.45	-19.70	-17.43	24.20	-60.34
Long-term debt ratio	-13.43	-16.22	-14.01	21.25	-50.04
Interest coverage	1.87	0.87	-2.38	2.78	-1.55
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	0.6%	-2.1%	-8.9%	5.9%	-7.4%
ROE	-11.5%	39.0%	145.6%	147.4%	437.8%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €801k · 97.3% Current assets €22k · 2.7%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€823k	€883k	€473k	€331k	€369k
Fixed assets	21/28	€801k	€807k	€436k	€311k	€172k
Tangible fixed assets	22/27	€738k	€743k	€372k	€247k	€108k
Financial fixed assets	28	€64k	€64k	€64k	€64k	€64k
Current assets	29/58	€22k	€76k	€37k	€20k	€198k
Stocks & contracts in progress	3	-	€72k	-	-	€134k
Amounts receivable within one year	40/41	€26	€444	€40	€290	€23k
Investments	50/53	€10k	-	-	€2k	-
Cash & bank	54/58	€12k	€4k	€37k	€5k	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€823k	€883k	€473k	€331k	€369k
Equity	10/15	€-42k	€-47k	€-29k	€13k	€-6k
Contributions / capital	10/11	€54k	€54k	€54k	€54k	€54k
Reserves	13	€38	€38	€38	€38	€38
Accumulated profits (losses)	14	€-96k	€-101k	€-82k	€-41k	€-60k
Amounts payable	17/49	€866k	€930k	€502k	€318k	€376k
Amounts payable after one year	17	€569k	€766k	€404k	€279k	€312k
Amounts payable within one year	42/48	€297k	€164k	€98k	€39k	€64k
Trade debts payable within one year	44	€3k	€21k	€9k	€107	€11k
Income statement
Gross operating margin	9900	€65k	€18k	€-10k	€33k	€10k
Operating result	9901	€35k	€-3k	€-34k	€16k	€-21k
Financial income	75	€57	€0	€35	€9k	€1
Financial charges	65	€29k	€16k	€8k	€10k	€6k
Result before taxes	9903	€5k	€-18k	€-42k	€19k	€-27k
Income taxes	67/77	€460	€548	€296	€122	€377
Net result for the period	9904	€5k	€-18k	€-42k	€19k	€-27k
Result to be appropriated	9905	€5k	€-18k	€-42k	€19k	€-27k

Legal Structure

NACE primary	Office administrative and support services(82100)
Legal form	Private limited company(610)
Incorporation	03-10-2013
Status	Active
Postal code	3500

Establishment units 1 location

C²

Djef Antenstraat 46, 3500 HasseltReal estate activities

since 20132.223.077.375

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71326F0220/00M002	Flanders	223 m²	1 · 84 m²	9.7 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €5k

Net result €5k after 2 loss-making years.

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

24-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-42k ▼317%

Net result drops to €-42k, the lowest in the series; recovery starts the following year.

09-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 9 days late

2022

31-12

Financial Back to profitnet €19k

Net result €19k after 2 loss-making years.

05-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

17-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 17 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 31 days late

2019

01-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 1 day late

2018

03-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

09-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 9 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Office administrative and support services82100Other business support services82990

Names & trade names

Legal nameNL

C²

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