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COLDEA TECHNOLOGIES

Active
Private limited companyfounded 2018active for 8 yearsWoluwedal 6, 1932 Zaventem, BelgiumKBO/BCE: BE 0699.985.751
Summary

COLDEA TECHNOLOGIES has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,059 and a net result of €23,545. Equity is shrinking by about 25% per year across the filed financial years. Its solvency ranks better than 11% of 21,110 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Computer consultancy and computer facilities management
NACE 62200
1 site
Size
≈ €120,000turnover 2025, estimated
Equity
€2,059
Profit
€23,545
Turnover estimated from the gross margin
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
2025 accounts filed 28 days late2 of 5 deeds summarised
Why 84raises risk1 change of registered office in 24 monthslowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 0.92, cash €17,733, halvedSize: total assets €48,468Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 31% of its sector peers (NACE 62, micro)
Financial strength · tick = 2024
Average
Solvency 29-5
equity 4.2% of total assets
Liquidity 46-4
short-term debt 95.8% · cash 36.6%
Profitability 100+15
return on assets 48.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,895 companies, NACE 62, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: < 0.1%▼ -0.2 percentage points vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: < 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.2%▲ +0.1 percentage points vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.1%▼ -0.1 percentage points vs 03-2026 05-2026: 0.2%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 12% on solvency, 21% on liquidity, 82% on profitability and 9% on growth.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Liquidity: current ratio 0.92, cash €17,733, halved
NBB · annual accounts
lowers risk · Size: total assets €48,468
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 21110 sector peers (2025).
NBB · sector comparison
Position among 21110 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filings
Deviation from the deadline
2025
28 days late
2024
20 days early
2023
4 days early
2022
on the day
2021
30 days late
2020
29 days late
2019
66 days 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 18 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Highest result from 2019 to 2025net €23,545 ▲95.9%
  3. Registered office · Amendment of the…Registered-office move

Financials · financial year 2025, micro format

2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00441839.

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
≈ €120,000
Estimated: probably between €95,000 and €160,000
Total assets
€48,468▼ 46.0%
2024 · €89,719
Net result
€23,545▲ 95.9%
2024 · €12,021
Working capital
-€3,828
2024 · €6,967
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€32,433 2025 Net result€23,545 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€25,983-€2,625▼ 89.9%€12,069▲ 360%€23,126▲ 91.6%€31,714▲ 37.1%€17,883▼ 43.6%€32,433▲ 81.4%
Net result€19,731-€206below the sector's middle half▼ 99.0%€7,577within the sector's middle half▲ 37×€16,252within the sector's middle half▲ 114%€23,334within the sector's middle half▲ 43.6%€12,021within the sector's middle half▼ 48.5%€23,545within the sector's middle half▲ 95.9%
Equity€19,831-€20,038below the sector's middle half▲ 1.0%€27,615below the sector's middle half▲ 37.8%€43,867within the sector's middle half▲ 58.9%€8,378below the sector's middle half▼ 80.9%€8,515below the sector's middle half▲ 1.6%€2,059below the sector's middle half▼ 75.8%
Total assets€28,902-€33,492below the sector's middle half▲ 15.9%€38,388below the sector's middle half▲ 14.6%€57,107below the sector's middle half▲ 48.8%€81,963within the sector's middle half▲ 43.5%€89,719within the sector's middle half▲ 9.5%€48,468below the sector's middle half▼ 46.0%
Debt€9,070-€13,454▲ 48.3%€10,773▼ 19.9%€13,241▲ 22.9%€73,585▲ 456%€81,204▲ 10.4%€46,409▼ 42.8%
Working capital€17,365-€15,069within the sector's middle half▼ 13.2%€23,467within the sector's middle half▲ 55.7%€40,310within the sector's middle half▲ 71.8%€6,510below the sector's middle half▼ 83.9%€6,967below the sector's middle half▲ 7.0%-€3,828below the sector's middle half
Solvency68.6%-59.8%within the sector's middle half▼ 8.8pp71.9%within the sector's middle half▲ 12.1pp76.8%within the sector's middle half▲ 4.9pp10.2%below the sector's middle half▼ 66.6pp9.5%below the sector's middle half▼ 0.7pp4.2%below the sector's middle half▼ 5.2pp
Current ratio2.91-2.12within the sector's middle half▼ 0.793.18within the sector's middle half▲ 1.064.04within the sector's middle half▲ 0.871.09below the sector's middle half▼ 2.961.09below the sector's middle half=0.92below the sector's middle half▼ 0.17
Return on assets (ROA)68.3%-0.6%below the sector's middle half▼ 67.7pp19.7%within the sector's middle half▲ 19.1pp28.5%within the sector's middle half▲ 8.7pp28.5%within the sector's middle half=13.4%within the sector's middle half▼ 15.1pp48.6%above the sector's middle half▲ 35.2pp
above within below the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin 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 €48,468
Fixed assets €5,888 ▲ 280%
Current assets €42,581 ▼ 51.7%
Equity and liabilities €48,468
Equity €2,059 ▼ 75.8%
Debt €46,409 ▼ 42.8%
Debt's share of the balance-sheet total rises from 90.5% to 95.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€34,070▲
2024 · €18,877
Cash flow
€25,182▲
2024 · €13,016
Debt to equity
22.54▲
2024 · 9.54
Interest coverage
20.25▲
2024 · 17.07
Debt ≤ 1 year
€46,409▼
2024 · €81,204
Income taxes
€7,206▲
2024 · €4,756
A ratio outside any meaningful range has been withheld (balance sheet total €48,468, equity €2,059).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96.1% still going

For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,153 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€89,719€48,468▼
Fixed assets21/28€1,548€5,888▲
Tangible fixed assets22/27€1,548€5,888▲
Plant, machinery and equipment23€842€430▼
Furniture and vehicles24€706€5,457▲
Current assets29/58€88,171€42,581▼
Amounts receivable within one year40/41€20,714€22,540▲
Trade receivables40€20,714€22,540▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€66,626€17,733▼
Deferred charges and accrued income490/1€830€2,308▲
Equity and liabilities
Total equity and liabilities10/49€89,719€48,468▼
Equity10/15€8,515€2,059▼
Contributions10/11€100€100=
Reserves13€264€264=
Tax-exempt reserves132€264€264=
Profit (loss) carried forward14€8,151€1,696▼
Amounts payable17/49€81,204€46,409▼
Amounts payable within one year42/48€81,204€46,409▼
Financial debts43€18€0▼
Credit institutions430/8€18€0▼
Trade debts44€1,244€987▼
Suppliers440/4€1,244€987▼
Taxes, remuneration and social security45€14,728€11,005▼
Taxes450/3€14,728€11,005▼
Other amounts payable47/48€65,214€34,417▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€995€1,637▲
Other operating charges640/8€486€881▲
Gross operating margin9900€19,364€34,951▲
Operating profit (loss)9901€17,883€32,433▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€1,106€1,683▲
Recurring financial charges65€1,106€1,683▲
Profit (loss) for the period before taxes9903€16,777€30,750▲
Income taxes67/77€4,756€7,206▲
Profit (loss) for the period9904€12,021€23,545▲
Profit (loss) for the period to be appropriated9905€12,021€23,545▲
Appropriation of the result
Profit (loss) to be appropriated9906€19,916€31,696▲
Profit (loss) brought forward from the previous period14P€7,894€8,151▲
Profit to be distributed694/7€11,765€30,000▲
Return on contributions (dividend)694€11,765€30,000▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A--€361€0----
Remuneration, social security and pensions62--€0-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,339€1,896€2,416€2,155€1,689€995€1,637▲ 64.6%
Other operating charges640/8--€348€662€945€486€881▲ 81.2%
Non-recurring operating charges66A--€0-----
Gross operating margin9900€28,322€6,067€14,833€25,943€34,347€19,364€34,951▲ 80.5%
Operating profit (loss)9901€25,983€2,625€12,069€23,126€31,714€17,883€32,433▲ 81.4%
Financial income75/76B--€0-€1€0--
Recurring financial income75-€20€0-€1€0--
Financial charges65/66B--€1,164€1,120€1,117€1,106€1,683▲ 52.2%
Recurring financial charges65€662€1,084€1,164€1,120€1,117€1,106€1,683▲ 52.2%
Profit (loss) for the period before taxes9903€25,321€1,562€10,905€22,006€30,597€16,777€30,750▲ 83.3%
Income taxes67/77€5,590€1,355€3,328€5,754€7,263€4,756€7,206▲ 51.5%
Profit (loss) for the period9904€19,731€206€7,577€16,252€23,334€12,021€23,545▲ 95.9%
Profit (loss) for the period to be appropriated9905€19,468€206€7,577€16,252€23,334€12,021€23,545▲ 95.9%
Line2019202020212022202320242025Change
Assets
Total assets20/58€28,902€33,492€38,388€57,107€81,963€89,719€48,468▼ 46.0%
Fixed assets21/28€2,467€4,969€4,148€3,557€1,868€1,548€5,888▲ 280%
Tangible fixed assets22/27€2,467€4,969€4,148€3,557€1,868€1,548€5,888▲ 280%
Plant, machinery and equipment23--€807€600€394€842€430▼ 48.9%
Furniture and vehicles24--€3,341€2,957€1,474€706€5,457▲ 673%
Current assets29/58€26,435€28,523€34,240€53,550€80,095€88,171€42,581▼ 51.7%
Amounts receivable within one year40/41€17,360€13,466€5,995€7,445€16,550€20,714€22,540▲ 8.8%
Trade receivables40--€3,340€7,444€6,550€20,714€22,540▲ 8.8%
Other amounts receivable41--€2,655€1€10,000€0--
Cash at bank and in hand54/58€8,432€14,311€27,499€45,459€62,722€66,626€17,733▼ 73.4%
Deferred charges and accrued income490/1--€746€646€824€830€2,308▲ 178%
Equity and liabilities
Total equity and liabilities10/49€28,902€33,492€38,388€57,107€81,963€89,719€48,468▼ 46.0%
Equity10/15€19,831€20,038€27,615€43,867€8,378€8,515€2,059▼ 75.8%
Contributions10/11--€100€100€100€100€100=
Reserves13€264€264€264€264€264€264€264=
Tax-exempt reserves132--€264€264€264€264€264=
Profit (loss) carried forward14€19,468€19,674€27,251€43,503€8,014€8,151€1,696▼ 79.2%
Amounts payable17/49€9,070€13,454€10,773€13,241€73,585€81,204€46,409▼ 42.8%
Amounts payable within one year42/48€9,070€13,454€10,773€13,241€73,585€81,204€46,409▼ 42.8%
Financial debts43--€0€16€18€18€0▼ 100%
Credit institutions430/8---€16€18€18€0▼ 100%
Other loans439--€0-----
Trade debts44€1,711€1,268€2,061€1,724€1,380€1,244€987▼ 20.7%
Suppliers440/4--€2,061€1,724€1,380€1,244€987▼ 20.7%
Taxes, remuneration and social security45--€6,571€7,372€9,256€14,728€11,005▼ 25.3%
Taxes450/3--€4,371€7,372€9,256€14,728€11,005▼ 25.3%
Remuneration and social security454/9--€2,200€0----
Other amounts payable47/48--€2,141€4,129€62,931€65,214€34,417▼ 47.2%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€19,731€206€7,577€16,252€23,334€12,021€23,545▲ 95.9%
+ Depreciation and write-downs630€2,339€1,896€2,416€2,155€1,689€995€1,637▲ 64.6%
Operating cash flow (approximation)€22,071€2,103€9,993€18,407€25,024€13,016€25,182▲ 93.5%
Investment in fixed assets (approximation)--€4,399-€1,595-€1,565€0-€675-€5,977▼ 785%
Change in cash-€5,879€13,188€17,960€17,263€3,905-€48,893-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2025 micro format 28-08-2026 2026-00441839
31-12-2024 micro format 11-07-2025 2025-00258715
31-12-2023 micro format 27-07-2024 2024-00292660
31-12-2022 micro format 31-07-2023 2023-00291358
31-12-2021 micro format 30-08-2022 2022-20390309
31-12-2020 micro format 29-08-2021 2021-56100109
31-12-2019 micro format 05-10-2020 2020-58400597

Similar companies · same sector, comparable size

Of the 29,903 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,949. 3,504 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 2 of 5 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

COLDEA TECHNOLOGIES was incorporated on 17 July 2018.1 The registered office moved to Woluwe-Saint-Pierret in 2022 and to Sint-Stevens-Woluwe in 2025.23 Total assets rose from €28,902 in 2019 to €48,468 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 06-12-2022
  3. 3Belgian Official Gazette, 09-12-2025
  4. 4National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 28 days late
2025
31-12
Financial Highest result from 2019 to 2025net €23,545 ▲95.9%
Operating result €32,433, net result €23,545, both a record.
09-12
Gazette deed Registered office · Amendment of the articles
Registered-office move2 facts ▸
  • General meeting, 02-12-2025
  • Registered-office move, Woluwedal 6,b053 1932 Sint-Stevens-Woluwe
11-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
27-07
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
31-07
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
06-12
Gazette deed Registered office
Registered-office move1 fact ▸
  • Registered-office move, Avenue de Tervueren 257 box 9,1150 Woluwe-Saint-Pierret
30-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 30 days late
2021
29-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 29 days late
2020
31-12
Financial Weakest financial yearnet €206 ▼99%
Net result drops to €206, the lowest in the series; recovery starts the following year.
05-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 66 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 5 deeds read
About the unread acts

Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded17-07-2018
Financial year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0699985751
Also 9925:BE0699985751
Registered 03-07-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
307 m²
Building volume
11,224 m³
Parcel 23078C0183/00X000, Flanders · tallest building 40.9 m. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
COLDEA TECHNOLOGIES S-BVBA
Woluwedal 6, 1932 ZaventemComputer consultancy and computer facilities management
since 2018unit no. 2.277.979.771
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
23078C0183/00X000 Flanders 1.2 ha 1 · 307 m² 40.9 m · 12
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, 2” (deed in Dutch)

Read from the deeds: 1 provision, deed of 09-12-2025