CRITERION
ActiveSummary
The computed 12-month bankruptcy probability of CRITERION is 4.5% (elevated). The latest annual accounts of CRITERION were filed more than 90 days after the deadline. The 2018 annual accounts show equity of €445,813 and a net result of €61,471. Equity is shrinking by about 5.3% per year across the filed financial years. The company has been active since 1999 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Activity not known1 site
Size
≈ €280,000turnover 2018, estimated
- Equity
- €445,813
- Profit
- €61,471
Turnover estimated from the gross margin
Financial health
- Bankruptcy probabilitywithin 12 months
- 4.5%
2018 figures too old to score
Structure
2019 accounts not filed, 2374 days past the deadline5 deeds in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2018 (filed 12-09-2019)3 financial years not filed after the legal deadline; last filed accounts filed 129 days late; 3 of the last 3 lateEx-officio strike-off in the KBO2018 accounts filed 129 days lateAdministrative warnings in the KBO publicationslowers riskSize: total assets €681,259neutralNo filing for yearsShow the evidence
Bankruptcy probability
No current score
Figures too old
The available figures for FY 2018 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Filed more than 90 days late
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2018 · tick = 2017
Strong
Solvency
90=
equity 65.4% of total assets
Liquidity
90=
short-term debt 17.4% · cash 35.5%
Profitability
60+60
return on assets 9.0%
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.1%highest value
12-2024: 5.1%● unchanged vs 11-2024
01-2025: 5.1%● unchanged vs 12-2024
02-2025: 5.1%● unchanged vs 01-2025
03-2025: 5.1%● unchanged vs 02-2025
04-2025: 5.1%● unchanged vs 03-2025
05-2025: 5.1%● unchanged vs 04-2025
06-2025: 5.1%● unchanged vs 05-2025
07-2025: 5.1%● unchanged vs 06-2025
08-2025: 5.1%● unchanged vs 07-2025
09-2025: 5.1%● unchanged vs 08-2025
10-2025: 4.5%▼ -0.6 percentage points vs 09-2025lowest value
11-2025: 4.5%● unchanged vs 10-2025lowest value
12-2025: 4.5%● unchanged vs 11-2025lowest value
01-2026: 4.5%● unchanged vs 12-2025lowest value
02-2026: 4.5%● unchanged vs 01-2026lowest value
03-2026: 4.5%● unchanged vs 02-2026lowest value
04-2026: 4.5%● unchanged vs 03-2026lowest value
05-2026: 4.5%● unchanged vs 04-2026lowest value
06-2026: 4.5%● unchanged vs 05-2026lowest value
07-2026: 4.5%● unchanged vs 06-2026lowest value
08-2026: 4.5%● unchanged vs 07-2026lowest value
09-2026: 4.5%● unchanged vs 08-2026lowest value
10-2026: 4.5%● unchanged vs 09-2026lowest value
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Signals
Seven signals.
lowers riskraises riskneutral
neutral · No filing for years
The last filed financial year closed on 30-09-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-09-2019 year end30-04-2020 deadline30-10-2026 today
raises risk · 2018 accounts filed 129 days late
The financial year that closed on 30-09-2018 was due by 30-04-2019 and was filed on 06-09-2019, 129 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
tick = median of all Belgian filings
The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
- Late accounts filingKBO administration
- Annual accounts filedfinancial year 2018 · micro…
- Annual accounts filedfinancial year 2017 · micro…
Financials · financial year 2018, micro format
2019 annual accounts not yet filed, deadline passed on 30 April 2020 Financial year closed on 30 September 2019; filing due at the latest 7 months after the close (Companies Code art. 3:10). 7 financial years without a filing since the last one filed. Source: NBB filings, as of 30 October 2026.
Turnover
≈ €280,000
Estimated: probably between €190,000 and €490,000
Total assets
€681,259▲ 15.1%
2017 · €591,929
Net result
€61,471
2017 · -€204,441
Working capital
€546,043▲ 15.8%
2017 · €471,627
Trend over the years
2014 to 2018, 5 financial years 2014 to 2018, 5 financial years
The operating result returns to profit in 2018: €88,172 after a loss of €103,036 in 2017.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€88,172
2018
Net result€61,471
2018
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€681,259
2018
Equity€445,813
2018
Debt€235,445
2018
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€546,043
2018
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20142015201620172018
Operating result€195,945-€104,332▼ 46.8%€93,974▼ 9.9%-€103,036€88,172
Net result€115,358-€44,288▼ 61.6%€31,132▼ 29.7%-€204,441€61,471
Equity€513,364-€557,652▲ 8.6%€588,784▲ 5.6%€384,343▼ 34.7%€445,813▲ 16.0%
Total assets€957,856-€888,420▼ 7.2%€870,173▼ 2.1%€591,929▼ 32.0%€681,259▲ 15.1%
Debt€444,492-€330,768▼ 25.6%€281,389▼ 14.9%€207,586▼ 26.2%€235,445▲ 13.4%
Working capital€654,039-€681,759▲ 4.2%€696,316▲ 2.1%€471,627▼ 32.3%€546,043▲ 15.8%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2018 in colour, 2017 as the grey bar beneath
Assets €681,259
Fixed assets
€16,951 ▲ 5.6%
Current assets
€664,307 ▲ 15.4%
Equity and liabilities €681,259
Equity
€445,813 ▲ 16.0%
Debt
€235,445 ▲ 13.4%
Debt's share of the balance-sheet total falls from 35.1% to 34.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91,317▲
2017 · -€99,016
Cash flow
€64,615▲
2017 · -€200,421
Current ratio
5.62▲
2017 · 5.52
Debt to equity
0.26▼
2017 · 0.27
ROE
13.8%▲
2017 · -53.2%
ROA
9.0%▲
2017 · -34.5%
Debt ≤ 1 year
€118,264▲
2017 · €104,252
Debt > 1 year
€117,181▲
2017 · €103,334
Income taxes
€9,995▼
2017 · €84,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,516 | €14,910 | €13,938 | €4,020 | €3,145 | ▼ 21.8% |
| Other operating charges640/8 | - | - | €5,834 | - | - | - |
| Gross operating margin9900 | €219,131 | €122,845 | €113,746 | -€81,318 | €94,418 | - |
| Operating profit (loss)9901 | €195,945 | €104,332 | €93,974 | -€103,036 | €88,172 | - |
| Recurring financial income75 | €4,271 | €106 | €1,699 | €418 | €137 | ▼ 67.2% |
| Recurring financial charges65 | €14,921 | €21,617 | €10,047 | €17,660 | €16,843 | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €171,879 | €69,821 | €82,449 | -€120,279 | €71,466 | - |
| Income taxes67/77 | €56,521 | €25,533 | €51,317 | €84,162 | €9,995 | ▼ 88.1% |
| Profit (loss) for the period9904 | €115,358 | €44,288 | €31,132 | -€204,441 | €61,471 | - |
| Profit (loss) for the period to be appropriated9905 | €115,358 | €44,288 | €31,132 | -€204,441 | €61,471 | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €957,856 | €888,420 | €870,173 | €591,929 | €681,259 | ▲ 15.1% |
| Fixed assets21/28 | €46,155 | €34,639 | €22,903 | €16,049 | €16,951 | ▲ 5.6% |
| Tangible fixed assets22/27 | €46,155 | €34,639 | €22,903 | €16,049 | €14,251 | ▼ 11.2% |
| Furniture and vehicles24 | - | - | €11,399 | - | - | - |
| Leasing and similar rights25 | - | - | €11,504 | - | - | - |
| Financial fixed assets28 | - | - | - | - | €2,700 | - |
| Current assets29/58 | €911,701 | €853,781 | €847,270 | €575,880 | €664,307 | ▲ 15.4% |
| Amounts receivable within one year40/41 | €122,241 | €309,689 | €270,835 | €360,818 | €413,782 | ▲ 14.7% |
| Trade receivables40 | - | - | €26,827 | - | - | - |
| Other amounts receivable41 | - | - | €244,008 | - | - | - |
| Cash at bank and in hand54/58 | €789,459 | €544,092 | €575,385 | €213,887 | €241,910 | ▲ 13.1% |
| Deferred charges and accrued income490/1 | - | - | €1,050 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €957,856 | €888,420 | €870,173 | €591,929 | €681,259 | ▲ 15.1% |
| Equity10/15 | €513,364 | €557,652 | €588,784 | €384,343 | €445,813 | ▲ 16.0% |
| Contributions10/11 | €6,208 | €6,208 | €6,208 | €6,208 | €6,208 | = |
| Capital10 | - | - | €6,208 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Uncalled capital101 | - | - | €12,392 | - | - | - |
| Reserves13 | €1,860 | €46,148 | €229,120 | €229,119 | €290,590 | ▲ 26.8% |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Distributable reserves133 | - | - | €227,260 | - | - | - |
| Profit (loss) carried forward14 | €505,296 | €505,296 | €353,456 | €149,016 | €149,016 | = |
| Amounts payable17/49 | €444,492 | €330,768 | €281,389 | €207,586 | €235,445 | ▲ 13.4% |
| Amounts payable after more than one year17 | €186,830 | €158,746 | €130,435 | €103,334 | €117,181 | ▲ 13.4% |
| Financial debts170/4 | - | - | €130,435 | - | - | - |
| Amounts payable within one year42/48 | €257,662 | €172,022 | €150,954 | €104,252 | €118,264 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | €28,310 | - | - | - |
| Trade debts44 | €15,734 | €2,207 | €16,643 | €13,144 | €16,054 | ▲ 22.1% |
| Suppliers440/4 | - | - | €16,643 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €106,001 | - | - | - |
| Taxes450/3 | - | - | €106,001 | - | - | - |
| Line | 2014 | 2015 | 2016 | 2017 | 2018 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €115,358 | €44,288 | €31,132 | -€204,441 | €61,471 | - |
| + Depreciation and write-downs630 | €19,516 | €14,910 | €13,938 | €4,020 | €3,145 | ▼ 21.8% |
| Operating cash flow (approximation) | €134,875 | €59,197 | €45,070 | -€200,421 | €64,615 | - |
| Investment in fixed assets (approximation) | - | -€3,393 | -€2,202 | €2,834 | -€4,047 | - |
| Change in cash | - | -€245,368 | €31,293 | -€361,498 | €28,023 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2018 | micro format | 06-09-2019 | 2019-63700153 |
| 30-09-2017 | micro format | 30-04-2019 | 2019-11800225 |
| 30-09-2016 | abbreviated format | 26-06-2017 | 2017-23200103 |
| 30-09-2015 | abbreviated format | 23-01-2017 | 2017-01900469 |
| 30-09-2014 | abbreviated format | 21-10-2015 | 2015-65300472 |
| 30-09-2013 | abbreviated format | 09-07-2014 | 2014-28700551 |
| 30-09-2012 | abbreviated format | 25-04-2013 | 2013-09900159 |
| 30-09-2011 | abbreviated format | 26-04-2012 | 2012-09800086 |
| 30-09-2010 | abbreviated format | 29-03-2011 | 2011-07300129 |
| 30-09-2009 | abbreviated format | 12-04-2010 | 2010-09000553 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2023
15-09
KBO administration
Late accounts filing
2019
06-09
NBB filing
Annual accounts filed
financial year 2018 · micro format · 129 days late
30-04
NBB filing
Annual accounts filed
financial year 2017 · micro format · 365 days late
2018
30-09
Financial
Back to profitnet €61,471
Net result €61,471 after one loss-making year.
2017
30-09
Financial
Weakest financial yearnet -€204,441
Net result drops to -€204,441, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 57 days late
23-01
NBB filing
Annual accounts filed
financial year 2015 · abbreviated format · 268 days late
2015
21-10
NBB filing
Annual accounts filed
financial year 2014 · abbreviated format · 174 days late
2014
09-07
NBB filing
Annual accounts filed
financial year 2013 · abbreviated format · 70 days late
2013
25-04
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format
2012
26-04
NBB filing
Annual accounts filed
financial year 2011 · abbreviated format
2011
29-03
NBB filing
Annual accounts filed
financial year 2010 · abbreviated format
2010
12-04
NBB filing
Annual accounts filed
financial year 2009 · abbreviated format
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 19 annual accounts filed, the latest 10 are here; all 19 are under Financials.
0 of 5 deeds read
About the unread acts
We know of 5 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded14-10-1999
Financial year end30-09
Contact
E-mail
nico.verstuyft@me.comGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467060740
Also
9925:BE0467060740
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2000
Ground area
418 m²
Building footprint
414 m²
Building volume
7,877 m³
Parcel 44804D1716/00Y000, Flanders · tallest building 22.2 m. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CRITERION
since 2000unit no. 2.099.315.174
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44804D1716/00Y000 | Flanders | 418 m² | 1 · 414 m² | 22.2 m · 7 |
How the parcels are linked
Good to know
The parcel matches the address exactly.