Content
ActiveSummary
Content has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €240,806. Its solvency ranks better than 55% of 17,149 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-04-2023 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 1 other
- Establishment unit
- 2.344.976.978 2221 Heist-op-den-Berg, since 21-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Board and ownership
Board
- DINODirector · since 21-04-2023
- JP CONSOLIDATEDDirector · since 21-04-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Gross margin
- €465,912
- ▲ 133%
- Turnover
- ≈ €520,000
- estimated
- Profit
- €240,806
- Equity
- €1.1m
- ▲ 27.3%
- Total assets
- €3.2m
- =
Score breakdownraises riskLiquidity: current ratio 0.69, cash €21,373, halvedFounded in 2023lowers riskSize: total assets €3.2mSector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 70% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency
60+7
equity 35.3% of total assets
Liquidity
50-4
short-term debt 11.8% · cash 0.7%
Profitability
78+47
return on assets 7.6%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 0.9%▼ -0.1 percentage points vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025highest value
06-2025: 1.1%● unchanged vs 05-2025highest value
07-2025: 0.1%▼ -1.0 percentage point 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: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%▼ -0.2 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.69 (0.94 in 2024), below 1. Short-term debt is 11.8% and cash 0.7% of total assets. 64.7% of the assets are financed with debt and provisions.
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 55% of them on solvency, 52% on liquidity, 88% on profitability and 84% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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 check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
31 days early
2024
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 31 days before 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.
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings
Turnover
≈ €520,000
Estimated: probably between €480,000 and €650,000
Total assets
€3.2m=
2024 · €3.2m
Net result
€240,806
2024 · -€116,430
Working capital
-€114,525▼ 1,437%
2024 · -€7,452
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€309,028
2025
20242025
Net result
€240,806
2025
highest quarter of the sector
20242025
Equity
€1.1m
▲ 27.3%
2025
highest quarter of the sector
20242025
Total assets
€3.2m
=
2025
highest quarter of the sector
20242025
Debt
€2.1m
▼ 10.4%
2025
20242025
Working capital
-€114,525
▼ 1,437%
2025
lowest quarter of the sector
20242025
Solvency
35.3%
▲ 7.5pp
2025
middle half of the sector
20242025
Current ratio
0.69
▼ 0.25
2025
middle half of the sector
20242025
Return on assets (ROA)
7.6%
▲ 11.2pp
2025
middle half of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.02m-€0.3m
Net result-€0.1mbelow the sector's middle half-€0.2mabove the sector's middle half
Equity€0.9mabove the sector's middle half-€1.1mabove the sector's middle half▲ 27.3%
Total assets€3.2mabove the sector's middle half-€3.2mabove the sector's middle half=
Debt€2.3m-€2.1m▼ 10.4%
Working capital-€0.007mwithin the sector's middle half--€0.1mbelow the sector's middle half▼ 1,437%
Solvency27.7%within the sector's middle half-35.3%within the sector's middle half▲ 7.5pp
Current ratio0.94within the sector's middle half-0.69within the sector's middle half▼ 0.25
Return on assets (ROA)-3.7%below the sector's middle half-7.6%within the sector's middle half▲ 11.2pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €309,028, after a loss of €15,243 in 2024.
Turnover and EBIT margin are 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 €3.2m
Fixed assets
€2.9m ▼ 4.7%
Current assets
€260,888 ▲ 122%
Equity and liabilities €3.2m
Equity
€1.1m ▲ 27.3%
Debt
€2.1m ▼ 10.4%
Debt's share of the balance-sheet total falls from 72.3% to 64.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€451,896▲
2024 · €199,173
Cash flow
€383,673▲
2024 · €97,987
Debt to equity
1.84▼
2024 · 2.61
ROE
21.4%▲
2024 · -13.2%
Interest coverage
6.62▲
2024 · 1.97
Debt ≤ 1 year
€375,413▲
2024 · €124,842
Debt > 1 year
€1.7m▼
2024 · €2.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €3.5m | €76,200 |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €214,416 | €142,868 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | €14,276 | €552 | ▼ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €214,416 | €142,868 | ▼ 33.4% |
| Other operating charges640/8 | €917 | €14,017 | ▲ 15× |
| Gross operating margin9900 | €200,090 | €465,912 | ▲ 133% |
| Operating profit (loss)9901 | -€15,243 | €309,028 | - |
| Financial income75/76B | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €101,186 | €68,222 | ▼ 32.6% |
| Recurring financial charges65 | €101,186 | €68,222 | ▼ 32.6% |
| Profit (loss) for the period before taxes9903 | -€116,430 | €240,806 | - |
| Profit (loss) for the period9904 | -€116,430 | €240,806 | - |
| Profit (loss) for the period to be appropriated9905 | -€116,430 | €240,806 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3.2m | €3.2m | = |
| Fixed assets21/28 | €3.1m | €2.9m | ▼ 4.7% |
| Tangible fixed assets22/27 | €3.1m | €2.9m | ▼ 4.7% |
| Land and buildings22 | €3.1m | €2.9m | ▼ 4.6% |
| Plant, machinery and equipment23 | €0.003m | €0.002m | ▼ 25.0% |
| Current assets29/58 | €0.1m | €0.3m | ▲ 122% |
| Amounts receivable within one year40/41 | €0.02m | €0.2m | ▲ 16× |
| Trade receivables40 | €0.01m | €0.03m | ▲ 131% |
| Other amounts receivable41 | €158 | €0.2m | ▲ 1,295× |
| Cash at bank and in hand54/58 | €0.1m | €0.02m | ▼ 78.7% |
| Deferred charges and accrued income490/1 | €0.002m | €125 | ▼ 93.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3.2m | €3.2m | = |
| Equity10/15 | €0.9m | €1.1m | ▲ 27.3% |
| Contributions10/11 | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€0.1m | €0.1m | - |
| Amounts payable17/49 | €2.3m | €2.1m | ▼ 10.4% |
| Amounts payable after more than one year17 | €2.2m | €1.7m | ▼ 23.3% |
| Financial debts170/4 | €2.2m | €1.6m | ▼ 23.7% |
| Other amounts payable178/9 | €0.02m | €0.02m | ▲ 12.2% |
| Amounts payable within one year42/48 | €0.1m | €0.4m | ▲ 201% |
| Current portion of amounts payable after more than one year42 | €0.1m | €0.1m | ▲ 3.8% |
| Financial debts43 | - | €1 | - |
| Credit institutions430/8 | - | €1 | - |
| Trade debts44 | €0.008m | €0.2m | ▲ 23× |
| Suppliers440/4 | €0.008m | €0.2m | ▲ 23× |
| Taxes, remuneration and social security45 | €0.01m | €0.08m | ▲ 674% |
| Taxes450/3 | €0.01m | €0.08m | ▲ 674% |
| Accrued charges and deferred income492/3 | €0.001m | €0.02m | ▲ 28× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€116,430 | €240,806 | - |
| + Depreciation and write-downs630 | €214,416 | €142,868 | ▼ 33.4% |
| Operating cash flow (approximation) | €97,987 | €383,673 | ▲ 292% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€78,934 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as Content has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
97.2%
was still going
1.9%
stopped otherwise
0.8%
went bankrupt
That fits the bankruptcy probability of Content itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,127 companies, not a prediction for Content. 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.
Board & ownership
Directors
Directors
2 directors, no change since 2023
DINO
Current
Director · since 21-04-2023 · Private limited company · listed in the 2025 annual accounts, filed on 30-06-2026
JP CONSOLIDATED
Current
Director · since 21-04-2023 · Limited partnership · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 30-06-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 25-04-2023Owners and capital
Shareholders
At incorporation
act of 25-04-2023 ↗
- Claes Nick 15 shares (15%) · €150,000
- Gorris Ellen 15 shares (15%) · €150,000
- Haddad Jean-Philippe 30 shares (30%) · €50,000
- Seutin Ines Henri Rose-Marie 20 shares (20%) · €300,000
- Gorris Rafaël 20 shares (20%) · €350,000
Capital transactions
Capital over time
- 25-04-2023 Incorporation · €1,000,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| DINO |
|
| JP CONSOLIDATED |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene kosten, los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslissend met absolute meerderheid of enige…”
Articles of association, deed of 25-04-2023 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
NICK CLAES MACHINES
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
micro format · 31 days before the deadline
2025
31-12
Financial
Back to profitnet €240,806
The net result is €240,806, after one loss-making year.
31-12
Financial
Equity above €1mequity €1.1m ▲27.3%
Equity rises from €883,570 to €1.1m.
30-06
micro format · 31 days before the deadline
2023
11-08
Gazette deed
Permanent representatives: Nick Claes, Jean-Philippe Haddad and Rob Daems8 points ▸
Gazette deed
Permanent representatives: Nick Claes, Jean-Philippe Haddad and Rob Daems
8 points ▸
- Board meeting, 05-05-2023
- Director in office, DINO BV (director)
- Permanent representative, Nick Claes
- Director in office, JP Consolidated Comm.V. (director)
- Permanent representative, Jean-Philippe Haddad
- Permanent representative, Rob Daems
- Director in office, ROB DAEMS VOF (director)
- Other provision, “annexes_of_Belgian_Official_Gazette” (deed in Dutch)
25-04
Gazette deed
IncorporationStarting capital €1,000,000 · Appointments: DINO (director) and JP CONSOLIDATED (director) · Founder11 points ▸
Gazette deed
Incorporation
Starting capital €1,000,000 · Appointments: DINO (director) and JP CONSOLIDATED (director) · Founder11 points ▸
- Incorporation, “Content” (deed in Dutch)
- Founder, Claes Nick
- Founder, Gorris Ellen
- Founder, Haddad Jean-Philippe
- Founder, Seutin Ines Henri Rose-Marie
- Founder, Gorris Rafaël
- Founding capital, €1,000,000
- Bank account, “AXA, BE70 7512 1240 9125” (deed in Dutch)
- Director appointment, DINO (director)
- Director appointment, JP CONSOLIDATED (director)
- Other provision, “prijs dienstverlening volmacht” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Content in Dutch
Enterprise number
0801.053.318
Legal form
Private limited company
Status
Active, normale toestand
Founded
21-04-2023
Entity type
Legal entity
Registered office and establishments
Registered office
Westmeerbeeksteenweg 46, 2221 Heist-op-den-Berg, Belgium
Establishment unit
Content, Westmeerbeeksteenweg 46, 2221 Heist-op-den-Berg since 21-04-2023 · unit number 2.344.976.978
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
68204
Real estate activities
Codes under NACEBEL 2008
68203
Real estate rental main activity
68204
Real estate activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-04-2023 (in Dutch)
“Verhuur Units; Het beheer van een onroerend of roerend vermogen en de huurfinanciering van roerende en onroerende goederen aan derden, het…”
5 activities
- Verhuur Units;
- Het beheer van een onroerend of roerend vermogen en de huurfinanciering van roerende en onroerende goederen aan derden, het aankopen, verkopen, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
- Het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen;
- Het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investeringen;
- Het toestaan van leningen aan vennootschappen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten, behalve deze die wettelijk zijn voorbehouden aan de krediet- en financiële instellingen.
Invoicing and payment
VAT number
BE 0801.053.318
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
836 m²
Building footprint
150 m²
Building volume
719 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12006C0405/00X000 | Flanders | 836 m² | 1 · 150 m² | 8.1 m · 2 |