Equity
€1.3m from €2.3m in 2011
Equity fell by 43% in 14 years.
CONCEPT 9
Lifetime
15 annual accounts with figures on one time axispeak €678,488 (2024)
€86,460▼ 87.3%
lowest -€223,431 (2020)
-€63,041▼ €624,636
peak €2.3m (2011)
€1.3m▼ 4.6%
€2.1m▼ 13.8%
Board2 names since 2022
1 directorBARON INVESTMENTS
Owners
Documentsfilings and deeds
28-08-202628 days late
2025abbreviated format
Gross margin from €678,488 to €86,460Loss of €63,041Cash from €10,310 to €3,825
Key points
from the 2025 annual accountsChecked score
86
Excellent
Financially stronger than 34% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.6%▲ +0.2 percentage points vs 08-2025
10-2025: 0.1%▼ -0.5 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.5 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.02, cash €3,825, halved
lowers risk
Size: total assets €3.4m
Figures for financial year 2025 (filed on 01-09-2026)
Founded in 2010
Calculation
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 68, small). It does better than 58% of them on solvency, 28% on liquidity, 20% on profitability and 29% 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).
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.02 (0.28 in 2024), below 1. Short-term debt is 34.1% and cash 0.1% of total assets. 61.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
29 days late
2023
2 days late
2022
1 day early
2021
16 days late
2020
12 days late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 28 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BARON INVESTMENTS 100%score 98equity €21.4m (2025) · 2025 annual accounts of BARON INVESTMENTS
Shares in 1 company, MEGA CONCEPT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0827932315
Registered office moved within Brussels
New registered office: Watermael-Boitsfort, (1170 Bruxelles), chaussée de La Hulpe 177-9 · Previous registered office: Uccle (1180 Bruxelles), rue du Ham 112 · Resignation: Sabine THIRY (director) · General meeting of 28-02-2023 · Gazette deed
New establishment in Sint-Genesius-Rode
Lindenlaan 11
Incorporation
published on 29-07-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONCEPT 9 Watermael-Boitsfort | €3.4m | €86,460 | 38.2% | - |
| N&N'S INVEST Forest | €3.7m | €100,354 | 8.7% | 1 |
| KARIM INVEST Anderlecht | €2.9m | €80,421 | 4.6% | - |
| FONCIERE PH Wanze | €3.5m | €77,738 | 90.6% | - |
| Metropolitan Business Solutions Belgium Antwerp | €3.8m | €91,336 | 9.1% | - |
| IMMOLIN Antwerp | €3.7m | €69,222 | -21.4% | - |
| NIC CONSTRUCT Knokke-Heist | €3.8m | €66,050 | 2.5% | 0 |
These companies have the same main activity as CONCEPT 9: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €2.9m and €3.8m, founded between 2008 and 2011.
Official details
Source: KBO- Status
- Active since 19-07-2010Normal situation
- Registered office
- 304 active companies are registered at this address24 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Establishment units
- 2.217.870.3561180 Uccle, since 19-07-2010
- 2.217.870.4551640 Sint-Genesius-Rode, since 01-08-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on CONCEPT 9
CONCEPT 9 files the abbreviated format. That format states no turnover. The gross margin rose from €50,865 in 2011 to €86,460 in 2025.
BARON INVESTMENTS holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CONCEPT 9
- What is the company number of CONCEPT 9?
- The company number of CONCEPT 9 is 0827.932.315. The VAT number is the same number with BE in front: BE 0827.932.315.
- Where is CONCEPT 9 based?
- The registered office is at Terhulpsesteenweg 177-9, 1170 Watermael-Boitsfort.Company details
- What does CONCEPT 9 do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of CONCEPT 9?
- CONCEPT 9 is a private limited company (BV).
- When was CONCEPT 9 founded?
- CONCEPT 9 was founded on 19-07-2010.
- Is CONCEPT 9 still active?
- Yes, CONCEPT 9 is an active enterprise in the KBO register.
- What is the turnover of CONCEPT 9?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €86,460 and 48 comparable companies (NACE 681). It probably lies between €120,000 and €530,000.Financials
- Is CONCEPT 9 profitable?
- In financial year 2025, CONCEPT 9 made a loss of €63,041.
- Where can I find the annual accounts of CONCEPT 9?
- CONCEPT 9 filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONCEPT 9 due?
- CONCEPT 9 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.BARON INVESTMENTS · 9 companies Compare this company with its sector.Sector benchmark
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