CURBSTONE
ActiveSummary
CURBSTONE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €788,968 and a net result of €654,180. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 437 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+3
Solvency49▼-5
Growth81▼-3
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.08 in 2024; short-term debt: 31.9% and cash: 35.3% of total assets), but 75.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24.2%
Return on assets
20.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
46 d late
2024
119 d late
2023
172 d late
2022
105 d late
2021
144 d late
2020
165 d late
2019
321 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 153 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 27 November (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#5 company by total assets in Sint-Lambrechts-Woluwe, Arts, sports and recreation sector#5 company by equity in Sint-Lambrechts-Woluwe, Arts, sports and recreation sector
Turnover
€7.2m▲ 7.5%
2024 · €6.7m
EBIT margin
12.9%▲ 2.3pp
2024 · 10.6%
Net result
€654,180▲ 28.5%
2024 · €509,280
Working capital
€2.0m▲ 60.3%
2024 · €1.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.9m€5.6m▲ 43.1%€6.5m▲ 15.4%€6.7m▲ 3.5%€7.2m▲ 7.5%
Operating result€519,752▲ 47.8%€816,547▲ 57.1%€620,274▼ 24.0%€711,905▲ 14.8%€928,849▲ 30.5%
Net result€367,258above the sector's middle half▲ 46.1%€580,441above the sector's middle half▲ 58.0%€436,180above the sector's middle half▼ 24.9%€509,280above the sector's middle half▲ 16.8%€654,180above the sector's middle half▲ 28.5%
EBIT margin13.3%14.6%▲ 1.3pp9.6%▼ 5.0pp10.6%▲ 1.0pp12.9%▲ 2.3pp
Equity€408,887within the sector's middle half▲ 19.7%€589,329within the sector's middle half▲ 44.1%€625,509within the sector's middle half▲ 6.1%€734,788within the sector's middle half▲ 17.5%€788,968within the sector's middle half▲ 7.4%
Total assets€2.2mwithin the sector's middle half▲ 58.3%€3.1mwithin the sector's middle half▲ 38.3%€2.5mwithin the sector's middle half▼ 17.2%€2.5mwithin the sector's middle half▲ 0.3%€3.3mwithin the sector's middle half▲ 28.0%
Debt€1.8m▲ 70.7%€2.5m▲ 36.9%€1.9m▼ 22.8%€1.8m▼ 5.3%€2.5m▲ 36.3%
Working capital€836,716above the sector's middle half▲ 28.0%€1.8mabove the sector's middle half▲ 113%€1.3mabove the sector's middle half▼ 26.6%€1.2mabove the sector's middle half▼ 4.9%€2.0mabove the sector's middle half▲ 60.3%
Solvency18.4%within the sector's middle half▼ 5.9pp19.2%within the sector's middle half▲ 0.8pp24.6%within the sector's middle half▲ 5.4pp28.9%within the sector's middle half▲ 4.2pp24.2%within the sector's middle half▼ 4.6pp
Current ratio1.64within the sector's middle half▼ 0.302.48within the sector's middle half▲ 0.842.21within the sector's middle half▼ 0.282.08within the sector's middle half▼ 0.122.92within the sector's middle half▲ 0.83
Return on assets (ROA)16.6%above the sector's middle half▼ 1.4pp18.9%above the sector's middle half▲ 2.4pp17.2%above the sector's middle half▼ 1.7pp20.0%above the sector's middle half▲ 2.8pp20.1%above the sector's middle half▲ 0.1pp
Staff (FTE)5.3within the sector's middle half▲ 51.4%5.3within the sector's middle half=4.8within the sector's middle half▼ 9.4%4within the sector's middle half▼ 16.7%5.1within the sector's middle half▲ 27.5%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€224,187 ▲ 44.8%
Current assets
€3.0m ▲ 26.9%
Equity and liabilities €3.3m
Equity
€788,968 ▲ 7.4%
Debt
€2.5m ▲ 36.3%
Debt's share of the balance-sheet total rises from 71.1% to 75.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €793,949
Cash flow
€734,196▲
2024 · €591,323
Debt to equity
3.13▲
2024 · 2.46
ROE
82.9%▲
2024 · 69.3%
Interest coverage
59.48▼
2024 · 199.20
Debt ≤ 1 year
€1.0m▼
2024 · €1.1m
Debt > 1 year
€4,377▼
2024 · €11,716
Income taxes
€257,929▲
2024 · €198,646
Staff costs
€663,141▲
2024 · €490,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.9m | €5.6m | €6.5m | €6.7m | €7.2m | ▲ 7.5% |
| Goods, raw materials, services and sundry goods60/61 | €3.0m | €4.3m | €5.3m | €5.5m | €5.6m | ▲ 2.2% |
| Remuneration, social security and pensions62 | €330,184 | €454,729 | €453,190 | €490,782 | €663,141 | ▲ 35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,124 | €38,061 | €74,991 | €82,044 | €80,016 | ▼ 2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €16,707 | - |
| Other operating charges640/8 | - | €1,456 | - | €2,298 | €9,176 | ▲ 299% |
| Gross operating margin9900 | €879,061 | €1.3m | €1.1m | €1.3m | €1.7m | ▲ 31.9% |
| Operating profit (loss)9901 | €519,752 | €816,547 | €620,274 | €711,905 | €928,849 | ▲ 30.5% |
| Financial income75/76B | €1 | €663 | €488 | €6 | €221 | ▲ 3,842% |
| Recurring financial income75 | €1 | €663 | €488 | €6 | €221 | ▲ 3,842% |
| Financial charges65/66B | €4,378 | €7,998 | €6,276 | €3,986 | €16,960 | ▲ 326% |
| Recurring financial charges65 | €4,378 | €7,998 | €6,276 | €3,986 | €16,960 | ▲ 326% |
| Profit (loss) for the period before taxes9903 | €515,376 | €809,212 | €614,486 | €707,925 | €912,109 | ▲ 28.8% |
| Income taxes67/77 | €148,118 | €228,771 | €178,306 | €198,646 | €257,929 | ▲ 29.8% |
| Profit (loss) for the period9904 | €367,258 | €580,441 | €436,180 | €509,280 | €654,180 | ▲ 28.5% |
| Profit (loss) for the period to be appropriated9905 | €367,258 | €580,441 | €436,180 | €509,280 | €654,180 | ▲ 28.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €3.1m | €2.5m | €2.5m | €3.3m | ▲ 28.0% |
| Fixed assets21/28 | €80,571 | €83,954 | €149,121 | €154,836 | €224,187 | ▲ 44.8% |
| Intangible fixed assets21 | €17,687 | €13,437 | €9,187 | €32,317 | €144,704 | ▲ 348% |
| Tangible fixed assets22/27 | €62,884 | €70,517 | €139,934 | €122,519 | €79,483 | ▼ 35.1% |
| Furniture and vehicles24 | €62,884 | €70,517 | €139,934 | €122,519 | €79,483 | ▼ 35.1% |
| Current assets29/58 | €2.1m | €3.0m | €2.4m | €2.4m | €3.0m | ▲ 26.9% |
| Amounts receivable within one year40/41 | €788,164 | €1.3m | €1.1m | €1.3m | €1.2m | ▼ 9.2% |
| Trade receivables40 | €476,349 | €1.0m | €968,387 | €1.1m | €851,295 | ▼ 22.6% |
| Other amounts receivable41 | €311,816 | €203,987 | €116,946 | €195,396 | €325,399 | ▲ 66.5% |
| Cash at bank and in hand54/58 | €698,529 | €1.1m | €1.2m | €750,404 | €1.2m | ▲ 53.4% |
| Deferred charges and accrued income490/1 | €650,260 | €681,412 | €94,700 | €345,462 | €706,379 | ▲ 104% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €3.1m | €2.5m | €2.5m | €3.3m | ▲ 28.0% |
| Equity10/15 | €408,887 | €589,329 | €625,509 | €734,788 | €788,968 | ▲ 7.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €298,887 | €479,329 | €515,509 | €624,788 | €678,968 | ▲ 8.7% |
| Amounts payable17/49 | €1.8m | €2.5m | €1.9m | €1.8m | €2.5m | ▲ 36.3% |
| Amounts payable after more than one year17 | €12,672 | €8,816 | €21,748 | €11,716 | €4,377 | ▼ 62.6% |
| Financial debts170/4 | €12,672 | €8,816 | €21,748 | €11,716 | €4,377 | ▼ 62.6% |
| Amounts payable within one year42/48 | €1.3m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €3,819 | €3,856 | €9,754 | €10,032 | €7,339 | ▼ 26.8% |
| Trade debts44 | €776,180 | €489,334 | €193,318 | €451,335 | €237,410 | ▼ 47.4% |
| Suppliers440/4 | €776,180 | €489,334 | €193,318 | €451,335 | €237,410 | ▼ 47.4% |
| Advances received on contracts in progress46 | €50,674 | €40,000 | €37,944 | €17,010 | €12,854 | ▼ 24.4% |
| Taxes, remuneration and social security45 | €169,564 | €267,444 | €440,609 | €269,126 | €182,699 | ▼ 32.1% |
| Taxes450/3 | €147,000 | €227,500 | €405,500 | €226,646 | €105,896 | ▼ 53.3% |
| Remuneration and social security454/9 | €22,564 | €39,944 | €35,109 | €42,481 | €76,802 | ▲ 80.8% |
| Other amounts payable47/48 | €300,000 | €400,000 | €400,000 | €400,000 | €600,000 | ▲ 50.0% |
| Accrued charges and deferred income492/3 | €495,727 | €1.3m | €809,095 | €652,011 | €1.4m | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €367,258 | €580,441 | €436,180 | €509,280 | €654,180 | ▲ 28.5% |
| + Depreciation and write-downs630 | €29,124 | €38,061 | €74,991 | €82,044 | €80,016 | ▼ 2.5% |
| Operating cash flow (approximation) | €396,382 | €618,503 | €511,171 | €591,323 | €734,196 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€41,444 | -€140,158 | -€87,759 | -€149,367 | ▼ 70.2% |
| Change in cash | - | €351,983 | €158,309 | -€458,418 | €400,559 | ▲ 187% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
Incorporation · Founder
Founding capital · Bank account
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 46 days late
2025
31-12
Financial
Highest result since 2018net €654,180 ▲28.5%
Operating result €928,849, net result €654,180, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 119 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 172 days late
2023
13-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 105 days late
2022
31-12
Financial
Equity above €500,000Eq €589,329 ▲44.1%
5 profitable years in a row build equity to €589,329.
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 144 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 165 days late
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 321 days late
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 49 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 280 days late
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 200 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State 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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Directors · office · real estate
Directors
3 acts for this company are 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2015
Ground area
3,158 m²
Building footprint
1,287 m²
Volume, LiDAR
21,731 m³
Parcel 21674C0197/00T000, Brussels · tallest building 30.1 m, ±8 floors. Linked by address, not a title deed.
42
companies at this address
See who is registered here
1 establishment unit
CURBSTONE
since 20152.247.505.242
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21674C0197/00T000 | Brussels | 3,158 m² | 1 · 1,287 m² | 30.1 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- SRO MOTORSPORTS PROMOTION
- CURBSTONE
Highest known parent: SRO MOTORSPORTS PROMOTION. The sources do not say who stands above it.
Owners 1
-
50.1%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 6,735 companies in sector 93299 we hold annual accounts for 1,169. 507 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0641659651
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.