Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Back in profit in 2025, after a loss of €69,989 in 2024.
The micro format states no turnover.
Of this, €1.2m falls due within a year.
Latest accounts filed late: after the legal deadline.
In July 2024, 519 companies had the same profile as CONTINUUM has now. Each dot stands for 2 companies, two years later.
Another 1.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 519 companies, not a prediction for CONTINUUM. 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.
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.
CONTINUUM files the micro format. That format states no turnover. The gross margin rose from €13,172 in 2007 to €55,014 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €110,000 and €290,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
854,221 | 895,403 | 1.0m | 1.1m | 1.2m | 1.3m | 1.1m | 1.2m | 1.3m | 1.4m | 1.6m | 1.7m | 1.9m | 2.0m | 1.9m | 1.6m | 1.6m | 1.4m | 1.5m | |
21/28 |
842,517 | 874,310 | 941,624 | 951,590 | 971,057 | 989,075 | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.6m | 1.5m | 1.6m | 1.4m | 1.4m | |
22/27 |
842,517 | 874,310 | 941,624 | 951,590 | 971,057 | 989,075 | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.6m | 1.5m | 1.6m | 1.3m | 1.4m | |
22 |
841,940 | 874,288 | 940,602 | 951,590 | 971,057 | 989,075 | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.2m | 1.3m | 1.3m | 1.6m | 1.5m | 1.6m | 1.3m | 1.4m | |
24 |
577 | 22 | 1,022 | - | - | - | - | 0 | 487 | 1,046 | 555 | 1,889 | 3,377 | 3,487 | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 68,243 | 70,682 | |
29/58 |
11,704 | 21,093 | 59,784 | 173,997 | 233,995 | 289,255 | 19,989 | 20,854 | 106,989 | 225,284 | 348,585 | 494,813 | 636,033 | 736,334 | 353,926 | 18,686 | 21,562 | 11,579 | 20,003 | |
40/41 |
3,970 | 4,119 | 5,176 | 12,296 | 12,296 | 12,296 | 12,647 | 12,696 | 12,936 | 13,249 | 13,647 | 9,531 | 15,800 | 13,898 | 24,443 | 13,502 | 17,124 | 5,849 | 6,068 | |
40 |
3,864 | 3,864 | 5,014 | 6,526 | 6,526 | 6,526 | 6,863 | 6,863 | 7,117 | 7,117 | 6,863 | 6,864 | 8,376 | 6,863 | 18,116 | 7,175 | 10,797 | 5,655 | 5,874 | |
41 |
106 | 255 | 162 | 5,770 | 5,770 | 5,770 | 5,784 | 5,833 | 5,819 | 6,132 | 6,784 | 2,667 | 7,424 | 7,035 | 6,327 | 6,327 | 6,327 | 194 | 194 | |
54/58 |
7,734 | 16,974 | 54,591 | 157,893 | 217,891 | 273,151 | 2,689 | 3,087 | 92,339 | 210,058 | 334,812 | 485,282 | 619,271 | 721,200 | 327,536 | 1,801 | 1,181 | 4,612 | 13,560 | |
490/1 |
- | - | 18 | 3,807 | 3,807 | 3,807 | 4,653 | 5,071 | 1,715 | 1,977 | 126 | - | 962 | 1,237 | 1,947 | 3,383 | 3,257 | 1,118 | 375 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
854,221 | 895,403 | 1.0m | 1.1m | 1.2m | 1.3m | 1.1m | 1.2m | 1.3m | 1.4m | 1.6m | 1.7m | 1.9m | 2.0m | 1.9m | 1.6m | 1.6m | 1.4m | 1.5m | |
10/15 |
-351,874 | -351,960 | -281,971 | -234,587 | -223,578 | -210,219 | -351,027 | -311,568 | -281,890 | -273,187 | -224,215 | -133,954 | -88,168 | -38,870 | -433,236 | -481,481 | -431,624 | -363,626 | -289,575 | |
10/11 |
575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | |
100 |
- | - | - | - | - | - | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | 575,000 | |
11 |
- | - | - | - | - | 575,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 575,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-926,874 | -926,960 | -856,971 | -809,587 | -798,578 | -785,219 | -926,027 | -886,568 | -856,890 | -848,187 | -799,215 | -708,954 | -663,168 | -613,870 | -1.0m | -1.1m | -1.0m | -938,626 | -864,575 | |
17/49 |
1.2m | 1.2m | 1.3m | 1.4m | 1.4m | 1.5m | 1.5m | 1.5m | 1.6m | 1.7m | 1.8m | 1.9m | 2.0m | 2.1m | 2.3m | 2.0m | 2.0m | 1.8m | 1.8m | |
17 |
29,465 | 96,023 | 169,173 | 236,842 | 301,048 | 361,968 | 423,366 | 489,628 | 552,525 | 613,400 | 670,089 | 723,886 | 774,953 | 823,428 | 869,444 | 912,935 | 954,220 | 993,411 | 1.0m | |
170/4 |
29,465 | 96,023 | 169,173 | 236,842 | 301,048 | 361,968 | 423,366 | 489,628 | 552,525 | 613,400 | 670,089 | 723,886 | 774,953 | 823,428 | 869,444 | 912,935 | 954,220 | 993,411 | 1.0m | |
42/48 |
1.2m | 1.2m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 991,390 | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.5m | 1.1m | 1.1m | 776,986 | 720,270 | |
42 |
70,651 | 73,140 | 67,669 | 60,729 | 57,452 | 56,951 | 61,814 | 58,450 | 62,875 | 98,496 | 93,744 | 50,865 | 48,253 | 45,800 | 43,492 | 41,285 | 39,191 | 37,203 | 35,316 | |
43 |
3,885 | 4,025 | - | 7,780 | 6,396 | 5,076 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
3,885 | 4,025 | - | 7,780 | 6,396 | 5,076 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
144 | 82 | 182 | 4,162 | 4,649 | 4,613 | 8,923 | 7,305 | 5,739 | 3,945 | 1,883 | 968 | 13,702 | 13,485 | 17,681 | 13,951 | 11,684 | 4,268 | 3,691 | |
440/4 |
144 | 82 | 182 | 4,162 | 4,649 | 4,613 | 8,923 | 7,305 | 5,739 | 3,945 | 1,883 | 968 | 13,702 | 13,485 | 17,681 | 13,951 | 11,684 | 4,268 | 3,691 | |
45 |
- | - | - | 255 | 255 | 255 | 255 | 255 | 255 | 255 | - | 4 | - | - | 826 | - | - | - | - | |
450/3 |
- | - | - | 255 | 255 | 255 | 255 | 255 | 255 | 255 | - | 4 | - | - | 826 | - | - | - | - | |
47/48 |
1.1m | 1.1m | 1.0m | 1.0m | 1.1m | 1.1m | 1.0m | 925,380 | 939,971 | 978,201 | 1.0m | 1.1m | 1.2m | 1.2m | 1.4m | 1.1m | 1.0m | 735,515 | 681,264 | |
492/3 |
- | - | - | 1,660 | - | - | 203 | 287 | - | 1,311 | - | 600 | - | - | 5,850 | 3,671 | 2,761 | 1,923 | 6,003 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | 203 | - | 3,709 | - | - | - | - | - | 4,545 | 158,030 | 1,663 | 579,157 | 581,550 | - | |
9900 |
55,014 | 20,331 | 1,654 | 35,720 | 28,469 | 197,422 | 21,953 | 36,104 | 21,233 | 23,700 | 28,790 | 35,813 | 27,847 | 477,114 | 37,658 | 75,160 | 45,890 | 23,675 | 13,172 | |
630 |
31,374 | 32,314 | 19,045 | 19,467 | 18,018 | 21,386 | 22,786 | 23,603 | 24,652 | 24,840 | 26,758 | 26,913 | 26,980 | 26,361 | 81,736 | 52,069 | 46,099 | 35,307 | 244,986 | |
640/8 |
12,409 | 11,865 | 11,903 | 9,038 | 1,147 | 10,139 | 10,484 | 10,593 | 10,868 | 11,066 | 13,229 | 15,227 | 9,553 | 13,941 | 15,789 | 14,750 | 12,860 | 9,347 | 9,970 | |
66A |
1,169 | 35,000 | 6,055 | - | - | 337 | - | 254 | - | - | - | 250 | - | - | - | 7,554 | 579,905 | 579,157 | 576,718 | |
9901 |
10,062 | -58,848 | -35,350 | 7,215 | 9,304 | 165,560 | -11,316 | 1,655 | -14,288 | -12,206 | -11,198 | -6,328 | -8,687 | 436,812 | -59,866 | 8,341 | -13,069 | -20,979 | -241,784 | |
75/76B |
43 | 311 | 4,220 | 1 | 0 | - | 0 | 47 | 39,983 | 583 | 1,489 | 3,568 | 4,589 | 590 | 141 | 7 | 15 | 764 | 1,293 | |
75 |
43 | 311 | - | 1 | 0 | - | 0 | 47 | 168 | 583 | 1,489 | 3,568 | 4,589 | 590 | 141 | 7 | 15 | 764 | 1,293 | |
76B |
- | - | 4,220 | - | - | - | - | - | 39,815 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
10,019 | 11,453 | 16,254 | 18,225 | 22,663 | 24,752 | 28,144 | 31,378 | 34,399 | 37,349 | 80,552 | 42,777 | 45,200 | 47,580 | 50,059 | 52,314 | 54,197 | 56,229 | 47,366 | |
65 |
10,019 | 11,453 | 16,254 | 18,225 | 22,663 | 24,752 | 28,144 | 31,378 | 34,399 | 37,349 | 80,552 | 42,777 | 45,200 | 47,580 | 50,059 | 52,314 | 54,197 | 56,229 | 47,366 | |
9903 |
86 | -69,989 | -47,384 | -11,009 | -13,358 | 140,808 | -39,460 | -29,677 | -8,703 | -48,972 | -90,261 | -45,786 | -49,298 | 394,366 | 48,245 | -49,857 | -67,998 | -74,051 | -864,575 | |
67/77 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
86 | -69,989 | -47,384 | -11,009 | -13,358 | 140,808 | -39,460 | -29,677 | -8,703 | -48,972 | -90,261 | -45,786 | -49,298 | 394,366 | 48,245 | -49,857 | -67,998 | -74,051 | -864,575 | |
9905 |
86 | -69,989 | -47,384 | -11,009 | -13,358 | 140,808 | -39,460 | -29,677 | -8,703 | -48,972 | -90,261 | -45,786 | -49,298 | 394,366 | 48,245 | -49,857 | -67,998 | -74,051 | -864,575 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-926,874 | -926,960 | -856,971 | -809,587 | -798,578 | -785,219 | -926,027 | -886,568 | -856,890 | -848,187 | -799,215 | -708,954 | -663,168 | -613,870 | -1.0m | -1.1m | -1.0m | -938,626 | -864,575 | |
14P |
-926,960 | -856,971 | -809,587 | -798,578 | -785,219 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||||||
Hours worked1013 |
- | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-10-2026.
2025 annual accounts filed 89 days after the deadline. Filed on 28 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00570983.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-10-2026 | 2026-00570983 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00446970 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00494866 | |
| 31-12-2022 | micro format | 02-10-2023 | 2023-00466106 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20444777 | |
| 31-12-2020 | micro format | 29-11-2021 | 2021-78800553 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73500037 | |
| 31-12-2018 | micro format | 12-11-2019 | 2019-73700099 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-66200134 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-39500493 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-52800170 | |
| 31-12-2014 | full format | 30-07-2015 | 2015-39000322 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-47300347 | |
| 31-12-2012 | full format | 24-10-2013 | 2013-64100182 | |
| 31-12-2011 | full format | 17-12-2012 | 2012-66800330 | |
| 31-12-2010 | full format | 03-11-2011 | 2011-59700486 | |
| 31-12-2009 | full format | 13-10-2010 | 2010-57600195 | |
| 31-12-2008 | full format | 27-07-2009 | 2009-47300145 | |
| 31-12-2007 | full format | 02-10-2008 | 2008-76700183 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 41,436 | -26,534 | -16,304 | 26,682 | 27,322 | 186,946 | 11,469 | 25,257 | 10,365 | 12,634 | 15,560 | 20,586 | 18,293 | 463,173 | 21,869 | 60,410 | 33,030 | 14,328 | 3,202 | ||
| 31,460 | -37,675 | -28,338 | 8,458 | 4,659 | 162,194 | -16,674 | -6,074 | 15,949 | -24,132 | -63,503 | -18,873 | -22,318 | 420,727 | 129,981 | 2,212 | -21,900 | -38,744 | -619,589 | ||
| 772 | -35,000 | 9,079 | 0 | 0 | -115,636 | 0 | 0 | 0 | 1,462 | 0 | 2,006 | 3,449 | 19,060 | 267,933 | 28,855 | 282,500 | -14,887 | 2.3m | ||
| -9,240 | -37,617 | -103,302 | -59,998 | -55,260 | 270,462 | -398 | -89,252 | -117,719 | -124,754 | -150,469 | -133,990 | -101,929 | 393,664 | 325,735 | 620 | -3,431 | -8,948 | - | ||
| -1.2m | -1.1m | -1.1m | -947,675 | -893,587 | -837,326 | -1.1m | -970,536 | -901,851 | -855,614 | -775,056 | -657,156 | -585,810 | -511,568 | -1.1m | -1.1m | -1.0m | -765,407 | -700,267 | ||
| -41.2% | -39.3% | -28.2% | -20.8% | -18.6% | -16.4% | -30.6% | -26.6% | -22.0% | -19.2% | -14.3% | -7.7% | -4.6% | -1.9% | -22.7% | -30.8% | -27.2% | -25.8% | -19.7% | ||
| 0.01 | 0.02 | 0.05 | 0.16 | 0.21 | 0.26 | 0.02 | 0.02 | 0.11 | 0.21 | 0.31 | 0.43 | 0.52 | 0.59 | 0.24 | 0.02 | 0.02 | 0.01 | 0.03 | ||
| 0.0% | -7.8% | -4.7% | -1.0% | -1.1% | 11.0% | -3.4% | -2.5% | -0.7% | -3.4% | -5.8% | -2.6% | -2.6% | 19.4% | 2.5% | -3.2% | -4.3% | -5.3% | -58.9% | ||
| 4.14 | -2.32 | -1.00 | 1.46 | 1.21 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2023 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €772 | - | €9,079 | - | - |
| €31,374 | €32,314 | €19,045 | €19,467 | €18,018 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €10,062, after a loss of €58,848 in 2024. It is the highest result since 2020.
Equity is negative. Debt (€1.2m) exceeds the balance-sheet total (€854,221).
Source: shareholder structure in its own accounts
Source: list of holdings in its own 2008 accounts. The amounts are in that list and come from the holdings' accounts at 30-06-2008, in their own currency.
| IPMG CONSULT
registered office since 12-12-2024 · founded in 2024 |
total assets €27,979 (2025) 1017.291.458 |
| Sahin, Kadriye (sole trader)
establishment since 19-10-2026 |
founded in 2026 1044.105.129 |
| Barbet, David (sole trader)
establishment since 09-10-2026 |
founded in 2026 1043.824.819 |
| Vanderlinden, Jacques (sole trader)
establishment since 02-12-2013 |
founded in 2013 0542.610.278 |
| Debra, Anne (sole trader)
establishment since 01-07-2004 |
founded in 2004 0812.761.317 |
| Kepaou Kouamou, Jean (sole trader)
establishment since 01-03-1998 |
founded in 1998 0557.845.515 |
| Name | 2007 | 2008 |
|---|---|---|
| 99.6% | ||
Source: list of holdings in its own accounts
The network starts from the directors of CONTINUUM. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Léopold Wienerlaan 85 registered office 1170 Watermael-Boitsfort | ||
| Italiëlaan 30 1050 Ixelles 68201 Renting and operating of own or leased residential real estate, excluding social housing | 30-03-2006 | 2.294.324.469 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21446D0143/00N000 | 5,552 m² | 1 · 883 m² | 30.0 m · 9 |
| 21017D0367/00A003 | 2,960 m² | 1 · 378 m² | 17.1 m · 5 |
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