CONCEPT
ActiveSummary
CONCEPT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €32k and a net result of €703. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 52% of 9040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-3
Solvency71▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.05 in 2023; short-term debt: 53.8% and cash: 22.6% of total assets), and 53.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
46.2%
Return on assets
1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
18 d early
2022
28 d early
2021
19 d early
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2024, abbreviated schema
Equity
€32k▼ 0.6%
2023 · €32k
Total assets
€70k▼ 25.2%
2023 · €93k
Net result
€703▼ 77.6%
2023 · €3k
Working capital
€9k▲ 167%
2023 · €3k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€5k▲ 168%€6k▲ 15.6%€6k▲ 1.1%€10k▲ 70.8%€3k▼ 65.6%
Net result€2k▲ 365%€4k▲ 65.3%€1k▼ 66.1%€3k▲ 126%€703▼ 77.6%
Equity€33k▲ 8.1%€37k▲ 12.3%€39k▲ 3.7%€32k▼ 16.2%€32k▼ 0.6%
Total assets€87k▲ 21.8%€84k▼ 3.2%€81k▼ 3.2%€93k▲ 14.5%€70k▼ 25.2%
Debt€54k▲ 32.2%€47k▼ 12.9%€43k▼ 8.7%€61k▲ 42.1%€38k▼ 38.4%
Working capital€29k▲ 0.7%€13k▼ 53.2%€18k▲ 33.8%€3k▼ 82.2%€9k▲ 167%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 66% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets
€24k ▼ 24.7%
Current assets
€46k ▼ 25.5%
Equity and liabilities €70k
Equity
€32k ▼ 0.6%
Debt
€38k ▼ 38.4%
Debt's share of the balance-sheet total falls from 65.3% to 53.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €22k
Cash flow
€8k▼
2023 · €15k
Current ratio
1.23▲
2023 · 1.05
Debt to equity
1.16▼
2023 · 1.88
ROE
2.2%▼
2023 · 9.7%
ROA
1.0%▼
2023 · 3.4%
Interest coverage
12.21▲
2023 · 7.67
Debt ≤ 1 year
€38k▼
2023 · €59k
Income taxes
€2k▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €8k | €12k | €8k | ▼ 35.2% |
| Other operating charges640/8 | - | €2k | €673 | €2k | €832 | ▼ 54.7% |
| Gross operating margin9900 | €13k | €12k | €14k | €23k | €12k | ▼ 49.3% |
| Operating profit (loss)9901 | €5k | €6k | €6k | €10k | €3k | ▼ 65.6% |
| Financial charges65/66B | - | €966 | €2k | €3k | €907 | ▼ 67.8% |
| Recurring financial charges65 | €1k | €966 | €2k | €3k | €907 | ▼ 67.8% |
| Profit (loss) for the period before taxes9903 | €4k | €5k | €4k | €7k | €2k | ▼ 64.7% |
| Income taxes67/77 | €1k | €545 | €3k | €4k | €2k | ▼ 53.9% |
| Profit (loss) for the period9904 | €2k | €4k | €1k | €3k | €703 | ▼ 77.6% |
| Profit (loss) for the period to be appropriated9905 | €2k | €4k | €1k | €3k | €703 | ▼ 77.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €84k | €81k | €93k | €70k | ▼ 25.2% |
| Fixed assets21/28 | €21k | €35k | €27k | €31k | €24k | ▼ 24.7% |
| Tangible fixed assets22/27 | €21k | €35k | €27k | €31k | €24k | ▼ 24.7% |
| Furniture and vehicles24 | - | €17k | €12k | €18k | €13k | ▼ 27.7% |
| Other tangible fixed assets26 | - | €18k | €16k | €13k | €10k | ▼ 20.4% |
| Current assets29/58 | €66k | €49k | €54k | €62k | €46k | ▼ 25.5% |
| Amounts receivable within one year40/41 | €42k | €36k | €36k | €55k | €30k | ▼ 45.0% |
| Trade receivables40 | - | €28k | €32k | €53k | €27k | ▼ 49.5% |
| Other amounts receivable41 | - | €7k | €5k | €3k | €4k | ▲ 46.9% |
| Cash at bank and in hand54/58 | €24k | €13k | €18k | €7k | €16k | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €84k | €81k | €93k | €70k | ▼ 25.2% |
| Equity10/15 | €33k | €37k | €39k | €32k | €32k | ▼ 0.6% |
| Contributions10/11 | - | €6k | €6k | €6k | €8k | ▲ 30.0% |
| Outside capital11 | - | €6k | €6k | €6k | €8k | ▲ 30.0% |
| Other1109/19 | - | €6k | €6k | €6k | €8k | ▲ 30.0% |
| Reserves13 | €15k | €19k | €21k | €14k | €12k | ▼ 14.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €17k | €19k | €13k | €12k | ▼ 1.5% |
| Profit (loss) carried forward14 | €12k | €12k | €12k | €12k | €12k | = |
| Amounts payable17/49 | €54k | €47k | €43k | €61k | €38k | ▼ 38.4% |
| Amounts payable after more than one year17 | €16k | €11k | €6k | €1k | - | - |
| Financial debts170/4 | - | €11k | €6k | €1k | - | - |
| Amounts payable within one year42/48 | €38k | €36k | €36k | €59k | €38k | ▼ 36.0% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €7k | €3k | ▼ 56.1% |
| Trade debts44 | €6k | €3k | €4k | €11k | €1k | ▼ 89.1% |
| Suppliers440/4 | - | €3k | €4k | €11k | €1k | ▼ 89.1% |
| Taxes, remuneration and social security45 | - | €6k | €5k | €11k | €3k | ▼ 69.0% |
| Taxes450/3 | - | €6k | €5k | €11k | €3k | ▼ 69.0% |
| Other amounts payable47/48 | - | €19k | €19k | €30k | €30k | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | €530 | €959 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €4k | €1k | €3k | €703 | ▼ 77.6% |
| + Depreciation and write-downs630 | €6k | €5k | €8k | €12k | €8k | ▼ 35.2% |
| Operating cash flow (approximation) | €9k | €9k | €9k | €15k | €8k | ▼ 44.0% |
| Investment in fixed assets (approximation) | - | €-19k | €0 | €-16k | €0 | ▲ 100% |
| Change in cash | - | €-11k | €4k | €-11k | €9k | ▲ 184% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €4k ▲65.3%
Net result €4k, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €533 ▼40.2%
Net result drops to €533, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Niklaas · 1 establishment unit since 2002
Ground area
861 m²
Building footprint
116 m²
Volume, LiDAR
918 m³
Parcel 46019A1566/00L000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CONCEPT
since 20022.096.295.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46019A1566/00L000 | Flanders | 861 m² | 1 · 115 m² | 10.9 m · 3 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.
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Of 6,149 companies in sector 46190 we hold annual accounts for 2,571. 1,807 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.