Christophe Van Schependom
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 16 filings
Turnover
≈ €130,000
Estimated: probably between €93,000 and €160,000
Total assets
€399,048▼ 1.1%
2024 · €403,535
Net result
€27,859
2024 · -€5,471
Working capital
-€63,345▼ 88.9%
2024 · -€33,539
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€49,249
2025
20192025
Net result
€27,859
2025
middle half of the sector
20192025
Equity
€118,217
▼ 1.9%
2025
middle half of the sector
20192025
Total assets
€399,048
▼ 1.1%
2025
middle half of the sector
20192025
Debt
€248,632
▼ 0.9%
2025
20192025
Working capital
-€63,345
▼ 88.9%
2025
lowest quarter of the sector
20192025
Solvency
29.6%
▼ 0.2pp
2025
middle half of the sector
20192025
Current ratio
0.28
▼ 0.11
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
7.0%
▲ 8.3pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€28,037-€8,651▼ 69.1%€56,551▲ 554%€38,754▼ 31.5%-€6,778-€5,187▲ 23.5%€49,249
Net result€12,122--€996below the sector's middle half€34,420within the sector's middle half€21,611within the sector's middle half▼ 37.2%-€12,224below the sector's middle half-€5,471below the sector's middle half▲ 55.2%€27,859within the sector's middle half
Equity€101,662-€100,666within the sector's middle half▼ 1.0%€135,085within the sector's middle half▲ 34.2%€138,234within the sector's middle half▲ 2.3%€126,010within the sector's middle half▼ 8.8%€120,540within the sector's middle half▼ 4.3%€118,217within the sector's middle half▼ 1.9%
Total assets€315,858-€328,179within the sector's middle half▲ 3.9%€327,453within the sector's middle half▼ 0.2%€320,916within the sector's middle half▼ 2.0%€277,777within the sector's middle half▼ 13.4%€403,535within the sector's middle half▲ 45.3%€399,048within the sector's middle half▼ 1.1%
Debt€181,997-€195,313▲ 7.3%€160,167▼ 18.0%€150,482▼ 6.0%€119,567▼ 20.5%€250,796▲ 110%€248,632▼ 0.9%
Working capital€7,530--€979within the sector's middle half€27,688within the sector's middle half€27,279within the sector's middle half▼ 1.5%€7,262within the sector's middle half▼ 73.4%-€33,539below the sector's middle half-€63,345below the sector's middle half▼ 88.9%
Solvency32.2%-30.7%within the sector's middle half▼ 1.5pp41.3%within the sector's middle half▲ 10.6pp43.1%within the sector's middle half▲ 1.8pp45.4%within the sector's middle half▲ 2.3pp29.9%within the sector's middle half▼ 15.5pp29.6%within the sector's middle half▼ 0.2pp
Current ratio1.32-0.98below the sector's middle half▼ 0.331.84within the sector's middle half▲ 0.851.71within the sector's middle half▼ 0.121.31within the sector's middle half▼ 0.410.39below the sector's middle half▼ 0.920.28below the sector's middle half▼ 0.11
Return on assets (ROA)3.8%--0.3%below the sector's middle half▼ 4.1pp10.5%within the sector's middle half▲ 10.8pp6.7%within the sector's middle half▼ 3.8pp-4.4%below the sector's middle half▼ 11.1pp-1.4%below the sector's middle half▲ 3.0pp7.0%within the sector's middle half▲ 8.3pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €49,249, after a loss of €5,187 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €399,048
Fixed assets
€374,024 ▼ 2.1%
Current assets
€25,025 ▲ 15.7%
Equity and liabilities €399,048
Equity
€118,217 ▼ 1.9%
Provisions
€32,200 =
Debt
€248,632 ▼ 0.9%
Debt's share of the balance-sheet total rises from 62.1% to 62.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€57,137▲
2024 · €3,034
Cash flow
€35,747▲
2024 · €2,751
Debt to equity
2.10▲
2024 · 2.08
ROE
23.6%▲
2024 · -4.5%
Interest coverage
5.56▲
2024 · 0.32
Debt ≤ 1 year
€88,370▲
2024 · €55,163
Debt > 1 year
€160,262▼
2024 · €194,892
Income taxes
€11,153▲
2024 · €537
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €280,000 | €280,000 | €280,000 | €280,000 |
| Carrying value of the mortgaged assets | €252,968 | €245,502 | €238,036 | €230,571 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €50 | - | - | - |
| Financial fixed assets | - | - | €143,258 | - |
| Depreciation and write-downs of the year | €11,317 | €8,493 | €8,221 | €7,887 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €1,003 awarded · €1,735 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €6,198 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,289 | €11,579 | €11,283 | €11,317 | €8,493 | €8,221 | €7,887 | ▼ 4.1% |
| Other operating charges640/8 | - | - | - | €4,654 | €4,950 | €3,993 | €3,023 | ▼ 24.3% |
| Gross operating margin9900 | €42,675 | €23,902 | €71,201 | €54,724 | €6,665 | €7,027 | €60,160 | ▲ 756% |
| Operating profit (loss)9901 | €28,037 | €8,651 | €56,551 | €38,754 | -€6,778 | -€5,187 | €49,249 | - |
| Financial income75/76B | - | - | - | €544 | €1,227 | €9,842 | €44 | ▼ 99.6% |
| Recurring financial income75 | €140 | - | €334 | €544 | €1,227 | €9,842 | €44 | ▼ 99.6% |
| Financial charges65/66B | - | - | - | €6,591 | €5,974 | €9,589 | €10,281 | ▲ 7.2% |
| Recurring financial charges65 | €8,737 | €7,980 | €7,528 | €6,591 | €5,974 | €9,589 | €10,281 | ▲ 7.2% |
| Profit (loss) for the period before taxes9903 | €19,440 | €671 | €49,357 | €32,707 | -€11,525 | -€4,934 | €39,012 | - |
| Income taxes67/77 | €7,318 | €1,667 | €14,938 | €11,095 | €699 | €537 | €11,153 | ▲ 21× |
| Profit (loss) for the period9904 | €12,122 | -€996 | €34,420 | €21,611 | -€12,224 | -€5,471 | €27,859 | - |
| Profit (loss) for the period to be appropriated9905 | €12,122 | -€996 | €34,420 | €21,611 | -€12,224 | -€5,471 | €27,859 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €315,858 | €328,179 | €327,453 | €320,916 | €277,777 | €403,535 | €399,048 | ▼ 1.1% |
| Fixed assets21/28 | €284,480 | €276,529 | €266,635 | €255,368 | €246,875 | €381,911 | €374,024 | ▼ 2.1% |
| Tangible fixed assets22/27 | €284,285 | €276,334 | €266,440 | €255,173 | €246,680 | €238,458 | €230,571 | ▼ 3.3% |
| Land and buildings22 | - | - | - | €252,968 | €245,502 | €238,036 | €230,571 | ▼ 3.1% |
| Furniture and vehicles24 | - | - | - | €2,206 | €1,178 | €422 | €0 | ▼ 100% |
| Financial fixed assets28 | €195 | €195 | €195 | €195 | €195 | €143,453 | €143,453 | = |
| Current assets29/58 | €31,378 | €51,650 | €60,818 | €65,548 | €30,903 | €21,624 | €25,025 | ▲ 15.7% |
| Amounts receivable within one year40/41 | €6,499 | €11,435 | €29,333 | €39,576 | €28,974 | €3,037 | €2,165 | ▼ 28.7% |
| Trade receivables40 | - | - | - | €24,503 | €22,173 | - | €1,116 | - |
| Other amounts receivable41 | - | - | - | €15,074 | €6,801 | €3,037 | €1,049 | ▼ 65.5% |
| Cash at bank and in hand54/58 | €23,872 | €39,598 | €23,314 | €18,271 | €1,498 | €18,157 | €20,770 | ▲ 14.4% |
| Deferred charges and accrued income490/1 | - | - | - | €7,701 | €430 | €430 | €2,089 | ▲ 386% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €315,858 | €328,179 | €327,453 | €320,916 | €277,777 | €403,535 | €399,048 | ▼ 1.1% |
| Equity10/15 | €101,662 | €100,666 | €135,085 | €138,234 | €126,010 | €120,540 | €118,217 | ▼ 1.9% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €89,262 | €88,266 | €122,685 | €125,834 | €113,610 | €108,140 | €105,817 | ▼ 2.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €123,974 | €111,750 | €108,140 | €105,817 | ▼ 2.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €32,200 | €32,200 | €32,200 | €32,200 | €32,200 | €32,200 | €32,200 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €32,200 | €32,200 | €32,200 | €32,200 | = |
| Pensions and similar obligations160 | - | - | - | €32,200 | €32,200 | €32,200 | €32,200 | = |
| Amounts payable17/49 | €181,997 | €195,313 | €160,167 | €150,482 | €119,567 | €250,796 | €248,632 | ▼ 0.9% |
| Amounts payable after more than one year17 | €158,149 | €142,593 | €127,037 | €111,482 | €95,926 | €194,892 | €160,262 | ▼ 17.8% |
| Financial debts170/4 | - | - | - | €111,482 | €95,926 | €194,892 | €160,262 | ▼ 17.8% |
| Amounts payable within one year42/48 | €23,848 | €52,629 | €33,130 | €38,269 | €23,641 | €55,163 | €88,370 | ▲ 60.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,556 | €15,556 | €33,781 | €34,630 | ▲ 2.5% |
| Financial debts43 | - | - | - | - | - | - | €6,682 | - |
| Other loans439 | - | - | - | - | - | - | €6,682 | - |
| Trade debts44 | €2,452 | €17,465 | €6,043 | €7,606 | €6,746 | €1,127 | €2,028 | ▲ 79.9% |
| Suppliers440/4 | - | - | - | €7,606 | €6,746 | €1,127 | €2,028 | ▲ 79.9% |
| Taxes, remuneration and social security45 | - | - | - | €15,108 | €372 | €40 | €14,847 | ▲ 375× |
| Taxes450/3 | - | - | - | €15,108 | €372 | €40 | €14,847 | ▲ 375× |
| Other amounts payable47/48 | - | - | - | - | €967 | €20,215 | €30,182 | ▲ 49.3% |
| Accrued charges and deferred income492/3 | - | - | - | €731 | - | €741 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,122 | -€996 | €34,420 | €21,611 | -€12,224 | -€5,471 | €27,859 | - |
| + Depreciation and write-downs630 | €11,289 | €11,579 | €11,283 | €11,317 | €8,493 | €8,221 | €7,887 | ▼ 4.1% |
| Operating cash flow (approximation) | €23,411 | €10,584 | €45,703 | €32,928 | -€3,731 | €2,751 | €35,747 | ▲ 13× |
| Investment in fixed assets (approximation) | - | -€3,628 | -€1,389 | -€50 | €0 | -€143,258 | €0 | - |
| Change in cash | - | €15,726 | -€16,284 | -€5,043 | -€16,773 | €16,659 | €2,613 | ▼ 84.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,053 companies had the same profile as Christophe Van Schependom has now. Two years later, 95.9% were still going and 1.6% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
95.9%
was still going
2.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Christophe Van Schependom itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for Christophe Van Schependom. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017049 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00015699 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00015092 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00012004 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-02800551 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02500274 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03100060 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03200061 | |
| 30-06-2017 | micro format | 26-01-2018 | 2018-02300122 | |
| 30-06-2016 | abbreviated format | 30-12-2016 | 2016-71900416 |