Concept 104

Active

Private limited companyfounded 20205 yrs activeRue Restaumont 104, 7190 Ecaussinnes, BelgiumKBO/BCE: BE 0758.508.722

Concept 104 has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €268. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 7740 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

54 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▲+1

Solvency40=

Growth78=

Track record94

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.2 against 0.14 in 2024; short-term debt: 62.2% and cash: 1.8% of total assets), and 85.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

14.6%

Return on assets

0.2%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 7740 sector peers (2025).

NBB · sector comparison

Position among 7740 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

30 d early

2024

on the day

2023

1 d early

2022

31 d late

2021

18 d late

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€16k▲ 1.7%

2024 · €16k

2021: €-16k 2022: €-7k 2023: €3k 2024: €16k

2021 → 2025

Total assets

€111k▲ 6.9%

2024 · €104k

2021: €73k 2022: €97k 2023: €111k 2024: €104k

2021 → 2025

Net result

€268▼ 97.9%

2024 · €13k

2021: €-19k 2022: €9k 2023: €10k 2024: €13k

2021 → 2025

Working capital

€-55k▲ 8.4%

2024 · €-60k

2021: €-50k 2022: €-62k 2023: €-81k 2024: €-60k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-16k-€-7k▲ 55.3%€3k€16k▲ 383%€16k▲ 1.7%

Operating result€-17k-€10k€13k▲ 27.2%€26k▲ 98.4%€3k▼ 86.6%

Net result€-19k-€9k€10k▲ 19.0%€13k▲ 22.7%€268▼ 97.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 87% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €111k

87.4%

12.6%

Fixed assets €97k▲ 3.0%

Current assets €14k▲ 45.0%

Equity and liabilities €111k

14.6%

85.4%

Equity €16k▲ 1.7%

Debt €95k▲ 7.9%

The debt ratio rises from 84.7% to 85.4%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€24k▼

2024 · €42k

Cash flow

€20k▼

2024 · €29k

Solvency

14.6%▼

2024 · 15.3%

Current ratio

0.20▲

2024 · 0.14

Quick ratio

0.20▲

2024 · 0.14

Debt / equity

5.85▲

2024 · 5.52

ROE

1.7%▼

2024 · 79.3%

ROA

0.2%▼

2024 · 12.2%

Interest coverage

7.34▲

2024 · 4.09

Debt

€95k▲

2024 · €88k

Debt ≤ 1 year

€69k▼

2024 · €70k

Debt > 1 year

€26k▲

2024 · €18k

Income taxes

€-1▼

2024 · €3k

Staff costs

€9k▼

2024 · €24k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€104k€111k▲

Fixed assets21/28€94k€97k▲

Tangible fixed assets22/27€94k€97k▲

Plant, machinery and equipment23€56k€53k▼

Leasing and similar rights25€38k€44k▲

Current assets29/58€10k€14k▲

Amounts receivable within one year40/41€7k€7k▼

Trade receivables40€7k€7k▼

Other amounts receivable41€56-

Cash at bank and in hand54/58€621€2k▲

Deferred charges and accrued income490/1€2k€5k▲

Equity and liabilities

Total equity and liabilities10/49€104k€111k▲

Equity10/15€16k€16k▲

Contributions10/11€3k€3k=

Profit (loss) carried forward14€13k€13k▲

Amounts payable17/49€88k€95k▲

Amounts payable after more than one year17€18k€26k▲

Financial debts170/4€18k€26k▲

Amounts payable within one year42/48€70k€69k▼

Current portion of amounts payable after more than one year42€13k€12k▼

Trade debts44€28k€24k▼

Suppliers440/4€28k€24k▼

Taxes, remuneration and social security45€14k€7k▼

Taxes450/3€9k€4k▼

Remuneration and social security454/9€5k€3k▼

Other amounts payable47/48€15k€26k▲

Income statement Code20242025

Remuneration, social security and pensions62€24k€9k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€20k▲

Other operating charges640/8€2k€489▼

Gross operating margin9900€69k€33k▼

Operating profit (loss)9901€26k€3k▼

Financial income75/76B€57€1▼

Recurring financial income75€57€1▼

Financial charges65/66B€10k€3k▼

Recurring financial charges65€10k€3k▼

Profit (loss) for the period before taxes9903€16k€267▼

Income taxes67/77€3k€-1▼

Profit (loss) for the period9904€13k€268▼

Profit (loss) for the period to be appropriated9905€13k€268▼

Appropriation of the result

Profit (loss) to be appropriated9906€13k€13k▲

Profit (loss) brought forward from the previous period14P€289€13k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

01-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2021net €13k ▲22.7%

Operating result €26k, net result €13k, both a record.

30-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €9k

Net result €9k after one loss-making year.

18-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 18 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ecaussinnes · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue Restaumont 1047190 Ecaussinnes

Ground area

827 m²

Building footprint

70 m²

Parcel 55008A0317/00T000, Wallonia. Linked by address, not a title deed.

1 establishment unit

Concept 104

Rue Restaumont 104, 7190 EcaussinnesArts creation and performing arts activities

since 20202.314.660.421

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55008A0317/00T000	Wallonia	827 m²	1 · 70 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Althoco

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Mouvement pour l'Egalité entre les Femmes et les Hommes

BROWET MICROSCOPE DENTISTRY

Sint-Gillis (bij-Brussel) · Eq €17k

Of 4,572 companies in sector 82300 we hold annual accounts for 1,671. 1,028 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-11-2020

Fiscal year end31-12

Activities, NACEBEL

82300Organisation of conventions and trade shows

43990Other specialised construction activities

43999Specialised construction activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.