CLIENTOLOGY
ActiveThe file of CLIENTOLOGY contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.6% (low). The 2025 annual accounts show negative equity (-€53,710) and a net result of -€8,168. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 14462 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth78=
Track record85
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 629.6% and cash: 0.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-529.6%
Return on assets
-80.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€53,710
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
2022
31 d late
2021
4 d late
2020
61 d late
2019
91 d late
← 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 39 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€53,710▼ 17.9%
2024 · -€45,541
Total assets
€10,141▼ 44.3%
2024 · €18,194
Net result
-€8,168▲ 2.6%
2024 · -€8,387
Working capital
-€62,730▼ 1.4%
2024 · -€61,893
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,554€52,562-€9,681-€8,204▲ 15.3%-€7,978▲ 2.8%
Net result-€17,780below the sector's middle half€52,484above the sector's middle half-€9,781within the sector's middle half-€8,387within the sector's middle half▲ 14.3%-€8,168below the sector's middle half▲ 2.6%
Equity-€79,857below the sector's middle half▼ 28.6%-€27,373below the sector's middle half▲ 65.7%-€37,154below the sector's middle half▼ 35.7%-€45,541below the sector's middle half▼ 22.6%-€53,710below the sector's middle half▼ 17.9%
Total assets€39,002below the sector's middle half▼ 32.4%€33,883below the sector's middle half▼ 13.1%€25,477below the sector's middle half▼ 24.8%€18,194below the sector's middle half▼ 28.6%€10,141below the sector's middle half▼ 44.3%
Debt€118,859▼ 0.8%€61,256▼ 48.5%€62,631▲ 2.2%€63,736▲ 1.8%€63,851▲ 0.2%
Working capital-€118,842below the sector's middle half▼ 2.3%-€58,544within the sector's middle half▲ 50.7%-€60,837within the sector's middle half▼ 3.9%-€61,893within the sector's middle half▼ 1.7%-€62,730within the sector's middle half▼ 1.4%
Solvency-204.8%below the sector's middle half▼ 97.2pp-80.8%below the sector's middle half▲ 124.0pp-145.8%below the sector's middle half▼ 65.1pp-250.3%below the sector's middle half▼ 104.5pp-529.6%below the sector's middle half▼ 279.3pp
Current ratio0.00below the sector's middle half▼ 0.030.04below the sector's middle half▲ 0.040.03below the sector's middle half▼ 0.020.03below the sector's middle half=0.02below the sector's middle half▼ 0.01
Return on assets (ROA)-45.6%below the sector's middle half▼ 59.0pp154.9%above the sector's middle half▲ 200.5pp-38.4%below the sector's middle half▼ 193.3pp-46.1%below the sector's middle half▼ 7.7pp-80.6%below the sector's middle half▼ 34.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,978 in 2025 against €8,204 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,141
Fixed assets
€9,020 ▼ 44.8%
Current assets
€1,120 ▼ 39.2%
Equity and liabilities
Equity-€53,710
Debt€63,851
Equity is negative: debt (€63,851) exceeds the balance-sheet total (€10,141).
Key figures and ratios
EBITDA
-€647▲
2024 · -€873
Cash flow
-€837▲
2024 · -€1,056
Interest coverage
-3.40▲
2024 · -4.76
Debt ≤ 1 year
€63,851▲
2024 · €63,736
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 6,906 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,108 | -€4,395 | €670 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,892 | €7,814 | €7,488 | €7,332 | €7,331 | = |
| Other operating charges640/8 | €3,554 | €9,870 | - | €418 | €527 | ▲ 26.3% |
| Gross operating margin9900 | - | €65,852 | -€1,523 | -€455 | -€120 | ▲ 73.7% |
| Operating profit (loss)9901 | -€17,554 | €52,562 | -€9,681 | -€8,204 | -€7,978 | ▲ 2.8% |
| Financial charges65/66B | €226 | €78 | €101 | €183 | €190 | ▲ 3.7% |
| Recurring financial charges65 | €226 | €78 | €101 | €183 | €190 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | -€17,780 | €52,484 | -€9,781 | -€8,387 | -€8,168 | ▲ 2.6% |
| Profit (loss) for the period9904 | -€17,780 | €52,484 | -€9,781 | -€8,387 | -€8,168 | ▲ 2.6% |
| Profit (loss) for the period to be appropriated9905 | -€17,780 | €52,484 | -€9,781 | -€8,387 | -€8,168 | ▲ 2.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,002 | €33,883 | €25,477 | €18,194 | €10,141 | ▼ 44.3% |
| Fixed assets21/28 | €38,985 | €31,171 | €23,683 | €16,352 | €9,020 | ▼ 44.8% |
| Tangible fixed assets22/27 | €38,985 | €31,171 | €23,683 | €16,352 | €9,020 | ▼ 44.8% |
| Plant, machinery and equipment23 | €38,660 | €31,171 | €23,683 | €16,352 | €9,020 | ▼ 44.8% |
| Furniture and vehicles24 | €325 | €0 | - | - | - | - |
| Current assets29/58 | €17 | €2,712 | €1,793 | €1,842 | €1,120 | ▼ 39.2% |
| Amounts receivable within one year40/41 | - | €60 | €1,790 | €1,835 | €1,100 | ▼ 40.1% |
| Other amounts receivable41 | - | €60 | €1,790 | €1,835 | €1,100 | ▼ 40.1% |
| Cash at bank and in hand54/58 | €17 | €2,652 | €3 | €7 | €20 | ▲ 174% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,002 | €33,883 | €25,477 | €18,194 | €10,141 | ▼ 44.3% |
| Equity10/15 | -€79,857 | -€27,373 | -€37,154 | -€45,541 | -€53,710 | ▼ 17.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€98,457 | -€45,973 | -€55,754 | -€64,141 | -€72,310 | ▼ 12.7% |
| Amounts payable17/49 | €118,859 | €61,256 | €62,631 | €63,736 | €63,851 | ▲ 0.2% |
| Amounts payable within one year42/48 | €118,859 | €61,256 | €62,631 | €63,736 | €63,851 | ▲ 0.2% |
| Trade debts44 | €3,827 | - | - | - | - | - |
| Suppliers440/4 | €3,827 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | €17,220 | €16,975 | €16,975 | €16,975 | = |
| Taxes450/3 | - | €17,220 | €16,975 | €16,975 | €16,975 | = |
| Other amounts payable47/48 | €115,032 | €44,036 | €45,656 | €46,761 | €46,876 | ▲ 0.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,780 | €52,484 | -€9,781 | -€8,387 | -€8,168 | ▲ 2.6% |
| + Depreciation and write-downs630 | €12,892 | €7,814 | €7,488 | €7,332 | €7,331 | = |
| Operating cash flow (approximation) | -€4,889 | €60,298 | -€2,293 | -€1,056 | -€837 | ▲ 20.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,635 | -€2,649 | €4 | €13 | ▲ 214% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €52,484
Net result €52,484 after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
28-12
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Gent · event 21-12-2021
23-11
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 16-11-2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €7,747
Net result €7,747 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2009
Ground area
81 m²
Building footprint
68 m²
Volume, LiDAR
976 m³
Parcel 44804D1963/00C000, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
DE CLIENT
since 20092.177.775.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1963/00C000 | Flanders | 81 m² | 1 · 68 m² | 17.4 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SERGE VAN EEGHEM Zuidstationstraat 34-36, 9000 Gent |
16-11-2021 → 21-12-2021 |
Recognitions · licences · registrations
Dual-learning approval
2 endedKapper (so)
Kapper-salonverantwoordelijke (so)
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in this sector we hold annual accounts for 5,390. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded20-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810574857
Also
9925:BE0810574857
Registered
24-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.