Equity
Equity fell by 70% in 14 years.
Equity fell by 70% in 14 years.
The micro format states no turnover.
The 2023 accounts came 362 days late. The other nine of the last ten were filed on time.
Higher gross margin than 90% of companies in computer programming and consultancy. Sector median €54,238 · 21,203 companies.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 26% of them on solvency, 7% on liquidity, 17% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,508 companies had the same profile as CLOUD EXPLORERS SOLUTIONS has now. Each dot stands for 12 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLOUD EXPLORERS SOLUTIONS itself: 0.2% within 12 months.
The method was tested on the 497,447 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 4,508 companies, not a prediction for CLOUD EXPLORERS SOLUTIONS. 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.
Liquidity is tight, with a current ratio of 1.33 (1.21 in 2024), below the usual 1.5. Short-term debt is 73.8% and cash 6% of total assets. 73.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CLOUD EXPLORERS SOLUTIONS Vilvoorde | €148,960 | €144,804 | 26.2% | - |
| SHENOY CONSULTING SPRL Zaventem | €151,083 | €127,957 | 30.0% | - |
| NILUS Woluwe-Saint-Lambert | €142,595 | €133,676 | 60.4% | - |
| BTSYSTEM Geer | €161,617 | €156,951 | 26.8% | - |
| Jenselin Antwerp | €123,384 | €146,744 | 48.9% | - |
| BLACKBEE Zaventem | €144,227 | €133,124 | 11.4% | - |
| SHARP BRAIN Bertem | €181,677 | €138,561 | 77.1% | 1.8 |
These companies have the same main activity as CLOUD EXPLORERS SOLUTIONS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €123,000 and €182,000, founded between 2006 and 2011.
CLOUD EXPLORERS SOLUTIONS files the micro format. That format states no turnover. The gross margin rose from €87,284 in 2010 to €144,804 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €200,000 and €280,000.
Higher than 24% of 21,206 companies in 2025.
Higher than 29% of 20,569 companies in 2025.
Higher than 18% of 20,744 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
148,960 | 200,094 | 176,247 | 91,698 | 176,886 | 158,637 | 68,030 | 74,271 | 53,773 | 73,068 | 56,857 | 73,385 | 78,296 | 161,075 | 283,448 | 139,228 | |
21/28 |
3,140 | 4,017 | 1,603 | 8,510 | 2,804 | 3,545 | 3,545 | 4,287 | 5,028 | 5,769 | 5,769 | 9,084 | 12,826 | 19,897 | 27,403 | 34,910 | |
22/27 |
2,240 | 3,117 | 0 | 6,448 | 741 | 1,483 | 1,483 | 2,224 | 2,966 | 3,707 | 3,707 | 7,022 | 10,764 | 17,834 | 25,341 | 32,847 | |
23 |
2,240 | 3,117 | - | - | 741 | 1,483 | 1,483 | 2,224 | 2,966 | 3,707 | 3,707 | 3,707 | 4,448 | 5,190 | 5,931 | 6,672 | |
24 |
- | - | 0 | 6,448 | - | - | - | - | - | - | - | 3,315 | 6,315 | 12,644 | 19,410 | 26,175 | |
28 |
900 | 900 | 1,603 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | 2,062 | |
29/58 |
145,820 | 196,077 | 174,644 | 83,187 | 174,082 | 155,092 | 64,484 | 69,984 | 48,745 | 67,299 | 51,088 | 64,301 | 65,470 | 141,179 | 256,045 | 104,319 | |
40/41 |
135,593 | 181,265 | 173,301 | 74,359 | 156,536 | 154,619 | 48,833 | 49,654 | 39,274 | 44,485 | 49,611 | 27,111 | 16,154 | 111,390 | 126,298 | 40,528 | |
40 |
134,971 | 180,880 | 167,535 | 65,000 | 105,000 | 35,000 | 35,000 | 37,453 | 24,760 | 36,760 | 44,514 | 25,000 | 318 | 50,400 | 62,583 | - | |
41 |
622 | 385 | 5,766 | 9,359 | 51,536 | 119,619 | 13,833 | 12,201 | 14,514 | 7,725 | 5,097 | 2,111 | 15,837 | 60,990 | 63,715 | 40,528 | |
54/58 |
8,995 | 14,658 | 307 | 8,828 | 17,546 | 473 | 15,651 | 20,331 | 9,471 | 22,588 | 1,477 | 37,190 | 49,316 | 29,789 | 129,747 | 63,790 | |
490/1 |
1,231 | 154 | 1,036 | - | - | - | - | - | - | 226 | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
148,960 | 200,094 | 176,247 | 91,698 | 176,886 | 158,637 | 68,030 | 74,271 | 53,773 | 73,068 | 56,857 | 73,385 | 78,296 | 161,075 | 283,448 | 139,228 | |
10/15 |
39,042 | 37,870 | 14,355 | 27,607 | 63,590 | 50,718 | 38,655 | 58,671 | 28,081 | 44,836 | 50,269 | 72,671 | 61,027 | 37,872 | 129,454 | -31,142 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
1311 |
- | - | 0 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
30,982 | 29,810 | 6,295 | 19,547 | 55,530 | 42,658 | 32,455 | 52,471 | 21,881 | 38,636 | 44,069 | 66,471 | 54,827 | 31,672 | 123,254 | -37,342 | |
17/49 |
109,918 | 162,224 | 161,893 | 64,091 | 113,296 | 107,919 | 29,375 | 15,599 | 25,692 | 28,232 | 6,588 | 714 | 17,269 | 123,203 | 153,994 | 170,370 | |
17 |
- | - | - | - | 93,000 | 92,943 | 2,943 | 2,943 | - | - | - | - | - | 625 | 4,374 | 8,124 | |
170/4 |
- | - | - | - | 93,000 | 92,943 | 2,943 | 2,943 | - | - | - | - | - | 625 | 4,374 | 8,124 | |
42/48 |
109,918 | 162,224 | 161,893 | 64,091 | 20,296 | 14,976 | 26,432 | 12,656 | 25,692 | 28,232 | 6,588 | 714 | 17,269 | 122,578 | 149,619 | 162,246 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 625 | 3,750 | 3,750 | 3,750 | |
43 |
- | - | - | - | - | - | - | - | - | - | 317 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | - | - | 317 | - | - | - | - | - | |
44 |
26,358 | 65,419 | 100,799 | 50,216 | 4,549 | 1,496 | 10,175 | 4,229 | 18,521 | 23,686 | 404 | 714 | 14,936 | 110,293 | 66,691 | 152,883 | |
440/4 |
26,358 | 65,419 | 100,799 | 50,216 | 4,549 | 1,496 | 10,175 | 4,229 | 18,521 | 23,686 | 404 | 714 | 14,936 | 110,293 | 66,691 | 152,883 | |
45 |
83,318 | 96,563 | 60,915 | 4,581 | 6,454 | 4,186 | 6,420 | 3,881 | 2,625 | - | - | - | 1,709 | 8,535 | 79,178 | 5,614 | |
450/3 |
32,069 | 68,355 | 44,069 | - | - | - | - | - | - | - | - | - | - | - | 72,110 | - | |
454/9 |
51,249 | 28,208 | 16,846 | 4,581 | 6,454 | 4,186 | 6,420 | 3,881 | 2,625 | - | - | - | 1,709 | 8,535 | 7,069 | 5,614 | |
47/48 |
242 | 242 | 179 | 9,294 | 9,294 | 9,294 | 9,836 | 4,547 | 4,547 | 4,547 | 5,867 | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 598,972 | 941,762 | 529,652 | |
76A |
- | 0 | 6,552 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
144,804 | 173,250 | 169,631 | 167,758 | 201,063 | 188,454 | 154,978 | 171,184 | 15,300 | -4,393 | -21,543 | 46,622 | 125,248 | 127,542 | 412,763 | 87,284 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 471,430 | 528,999 | 442,368 | |
62 |
138,307 | 143,944 | 175,752 | 200,774 | 185,906 | 174,939 | 172,786 | 137,570 | 30,384 | - | - | 30,526 | 94,233 | 207,884 | 172,707 | 116,220 | |
630 |
877 | 219 | 0 | 1,879 | 741 | - | 741 | 741 | 741 | - | - | 3,742 | 7,070 | 7,506 | 7,506 | 7,506 | |
640/8 |
1,032 | 721 | 1,856 | - | - | - | - | 55 | - | - | 315 | - | - | 1,749 | - | 486 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 414 | |
9901 |
4,589 | 28,366 | -7,977 | -34,895 | 14,416 | 13,515 | -18,549 | 32,818 | -15,825 | -4,393 | -21,858 | 12,354 | 23,944 | -89,598 | 232,549 | -36,928 | |
75/76B |
0 | 46 | 43 | - | - | - | - | - | - | - | 78 | 288 | 58 | 430 | 369 | - | |
75 |
0 | 46 | 43 | - | - | - | - | - | - | - | 78 | 288 | 58 | 430 | 369 | - | |
65/66B |
3,241 | 4,736 | 4,736 | 522 | 629 | 911 | 885 | 2,227 | 930 | 1,040 | 622 | 997 | 741 | 541 | 213 | - | |
65 |
3,241 | 4,736 | 4,736 | 522 | 629 | 911 | 885 | 2,227 | 930 | 1,040 | 622 | 997 | 741 | 541 | 213 | - | |
9903 |
1,348 | 23,675 | -12,670 | -35,417 | 13,786 | 12,604 | -19,435 | 30,590 | -16,755 | -5,433 | -22,402 | 11,644 | 23,260 | -89,709 | 232,706 | -37,342 | |
67/77 |
176 | 160 | 582 | 566 | 914 | 541 | 582 | - | - | - | - | - | 105 | 1,873 | 72,110 | - | |
9904 |
1,172 | 23,515 | -13,253 | -35,983 | 12,872 | 12,063 | -20,017 | 30,590 | -16,755 | -5,433 | -22,402 | 11,644 | 23,155 | -91,582 | 160,596 | -37,342 | |
9905 |
1,172 | 23,515 | -13,253 | -35,983 | 12,872 | 12,063 | -20,017 | 30,590 | -16,755 | -5,433 | -22,402 | 11,644 | 23,155 | -91,582 | 160,596 | -37,342 | |
| Appropriation of the result | |||||||||||||||||
9906 |
30,982 | 29,810 | 6,295 | 19,547 | 55,530 | 44,518 | 32,455 | 52,471 | 21,881 | 38,636 | 44,069 | 66,471 | 54,827 | 31,672 | 123,254 | -37,342 | |
14P |
29,810 | 6,295 | 19,547 | 55,530 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
9087 |
1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 1 | - | - | 1 | 2 | 4 | 4 | 2.5 | |
Hours worked1013 |
1,756 | 1,725 | 5,917 | 5,563 | 5,111 | 5,623 | 5,617 | 5,160 | 1,775 | - | - | 1,760 | 3,628 | 8,070 | 7,040 | 3,840 | |
| Document | |||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00346062 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328927 | |
| 31-12-2023 | micro format | 28-07-2025 | 2025-00315728 | |
| 31-10-2022 | micro format | 29-03-2023 | 2023-00051383 | |
| 31-10-2021 | micro format | 30-03-2022 | 2022-09400355 | |
| 31-10-2020 | micro format | 23-04-2021 | 2021-11100150 | |
| 31-10-2019 | micro format | 31-03-2020 | 2020-08200532 | |
| 31-10-2018 | micro format | 29-03-2019 | 2019-08800575 | |
| 31-10-2017 | micro format | 30-03-2018 | 2018-09200381 | |
| 31-10-2016 | full format | 31-03-2017 | 2017-08700469 | |
| 31-10-2015 | full format | 30-03-2016 | 2016-08200493 | |
| 31-10-2014 | full format | 31-03-2015 | 2015-08500038 | |
| 31-10-2013 | full format | 26-03-2014 | 2014-07400508 | |
| 31-10-2012 | full format | 26-03-2013 | 2013-07200307 | |
| 31-10-2011 | full format | 30-04-2012 | 2012-10100218 | |
| 31-10-2010 | full format | 09-05-2011 | 2011-10700206 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,466 | 28,585 | -7,977 | -33,016 | 15,157 | - | -17,808 | 33,559 | -15,084 | - | - | 16,096 | 31,014 | -82,091 | 240,056 | -29,421 | ||
| 2,049 | 23,735 | -13,253 | -34,103 | 13,613 | - | -19,275 | 31,332 | -16,013 | - | - | 15,387 | 30,225 | -84,076 | 168,103 | -29,836 | ||
| 0 | 4,236 | -6,907 | 7,586 | 0 | - | 0 | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 42,416 | ||
| -5,663 | 14,351 | -8,521 | -8,718 | 17,073 | -15,179 | -4,679 | 10,860 | -13,117 | 21,111 | -35,714 | -12,126 | 19,528 | -99,958 | 65,956 | - | ||
| 35,902 | 33,853 | 12,752 | 19,097 | 153,786 | 140,116 | 38,053 | 57,328 | 23,053 | 39,066 | 44,500 | 63,587 | 48,201 | 18,600 | 106,426 | -57,928 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | -15.0% | 24.7% | -7.0% | ||
| 26.2% | 18.9% | 8.1% | 30.1% | 35.9% | 32.0% | 56.8% | 79.0% | 52.2% | 61.4% | 88.4% | 99.0% | 77.9% | 23.5% | 45.7% | -22.4% | ||
| 1.33 | 1.21 | 1.08 | 1.30 | 8.58 | 10.36 | 2.44 | 5.53 | 1.90 | 2.38 | 7.75 | 90.11 | 3.79 | 1.15 | 1.71 | 0.64 | ||
| 2.82 | 4.28 | 11.28 | 2.32 | 1.78 | 2.13 | 0.76 | 0.27 | 0.91 | 0.63 | 0.13 | 0.01 | 0.28 | 3.25 | 1.19 | - | ||
| 3.0% | 62.1% | -92.3% | -130.3% | 20.2% | 23.8% | -51.8% | 52.1% | -59.7% | -12.1% | -44.6% | 16.0% | 37.9% | -241.8% | 124.1% | - | ||
| 0.8% | 11.8% | -7.5% | -39.2% | 7.3% | 7.6% | -29.4% | 41.2% | -31.2% | -7.4% | -39.4% | 15.9% | 29.6% | -56.9% | 56.7% | -26.8% | ||
| 1.69 | 6.04 | -1.68 | -63.25 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 31 days | 24 days | 28 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 85 days | 46 days | 126 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-10-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 | 3 |
| full-time | 1 | 1 | 1 | 3 |
| part-time | 0 | 0 | 0 | - |
| in full-time equivalents | 1 | 1 | 0 | 3 |
| 1 | 1 | 1 | 3 | |
| On a permanent contract | 1 | 1 | 1 | 3 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 31-10-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €3,336 | - | €7,586 |
| Financial fixed assets | €0 | €900 | - | - |
| €877 | €219 | €0 | €1,879 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 84% lower than in 2024.
Debt's share of the balance-sheet total falls from 81.1% to 73.8%. Equity is higher and debt is lower.
CLOUD EXPLORERS SOLUTIONS has no parent and no holdings in its annual accounts. Ranson Stephen Karl is the only director. CLOUD EXPLORERS SOLUTIONS shares no director with another company.
| Manpower (Belgium)
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4,475 FTE (2025) 0412.695.309 |
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19 FTE (2025) 0667.767.103 |
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73 FTE (2025) 0505.788.583 |
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| PFERD TOOLS Benelux
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| OFFICENTER VILVOORDE
registered office since 04-08-2016 · founded in 2016 · group OFFICENTER GROUP |
total assets €4.0m (2025) 0660.720.745 |
| MPETS
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9.8 FTE (2025) 0629.897.511 |
| Officenter Immo Vilvoorde
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total assets €2.6m (2025) 0880.822.158 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Luchthavenlaan 27 registered office 1800 Vilvoorde | ||
| Similys SPRL | 04-07-2016 | 2.282.441.771 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23644H0058/00L000 | Flanders | 1,375 m² | 1 · 1,372 m² | 13.1 m · 4 |
| 21803C0244/00A002 | Brussels | 100 m² | 1 · 99 m² | 23.6 m · 8 |
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