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DEFINE

Active
Private limited companyfounded 20206 yrs activeMoerkerkse Steenweg 399, 8310 Brugge, BelgiumKBO/BCE: BE 0744.861.416
Summary

The computed 12-month bankruptcy probability of DEFINE is 2.2% (moderate). The 2024 annual accounts show equity of €66,981 and a net result of €58,968. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 43% of 11615 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
DEFINEActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Activities of building architects
NACE 71111
1 site
Size
€365,343turnover 2024
Staff
1.9 FTE
Equity
€66,981
Profit
€58,968
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
2.2%
Structure
Largest shareholder
ALDERAAN · 20%
Accounts 67 d overdue1 of 2 deeds read
Why 54- Figures for FY 2024 (filed 26-09-2025)- 1 change of registered office in 24 months+ Sector Architectural and engineering activities; technical testing and analysis (NACE 71)+ Liquidity: current ratio 1.75, cash €32,109Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 62% of its sector peers (NACE 71, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 72+5
equity 47.5% of total assets
Liquidity 52-16
short-term debt 52.5% · cash 22.8%
Profitability 100+72
return on assets 41.8%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (14,788 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%▲ +2.8% vs 12-2024 02-2025: 0.2%▲ +2.0% vs 01-2025 03-2025: 0.1%▼ -3.3% vs 02-2025 04-2025: 0.1%▼ -2.7% vs 03-2025 05-2025: 0.2%▲ +6.3% vs 04-2025 06-2025: 0.1%▼ -9.9% vs 05-2025lowest value 07-2025: 0.1%▲ +2.9% vs 06-2025 08-2025: 0.3%▲ +85.8% vs 07-2025 09-2025: 0.3%▲ +32.8% vs 08-2025 10-2025: 0.2%▼ -50.0% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.4%▲ +142% vs 01-2026 03-2026: 0.5%▲ +8.6% vs 02-2026 04-2026: 0.5%▲ +0.7% vs 03-2026 05-2026: 0.4%▼ -10.4% vs 04-2026 06-2026: 0.4%▲ +1.5% vs 05-2026 07-2026: 0.4%▲ +6.2% vs 06-2026 08-2026: 0.9%▲ +93.9% vs 07-2026 09-2026: 1.2%▲ +35.7% vs 08-2026 10-2026: 2.2%▲ +86.6% vs 09-2026highest value
  • Figures for FY 2024 (filed 26-09-2025) raises the probability
  • Sector Architectural and engineering activities; technical testing and analysis (NACE 71) lowers the probability
  • 1 change of registered office in 24 months raises the probability
  • Liquidity: current ratio 1.75, cash €32,109 lowers the probability
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.66 in 2023; short-term debt: 52.5% and cash: 22.8% of total assets), but 52.5% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 71, micro). Better than this share of them on solvency 45%, liquidity 36%, profitability 75%, growth against the median 93%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 26-09-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Architectural and engineering activities; technical testing and analysis (NACE 71)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Liquidity: current ratio 1.75, cash €32,109
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year €66,981
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
55 d late
2023
29 d early
2022
5 d late
2021
60 d late
2020
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Registered office · Statutes amendmentName change · Registered-office move…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Back to profitnet €58,968

Key points

  • Positive: Turnover rose in 2024from €165,082 to €365,343 ▲ 121% View
  • Caution: Accounts not fileddeadline was 31-07-2026 67 d late View
  • Positive: Among the best 17% on net resultsector median €15,484 · 11,621 companies €58,968 View

By topic

Financials

Fiscal year
2024
Turnover
€365,343
Profit
€58,968
Solvency
47.5%
Turnover▲ 121%
Net result
20202024
Go to Financials

Timeline

Events
9
Since
2021
  1. 29-01-2026Registered office · Statutes amendment
  2. 24-09-2025Annual accounts filed
  3. 31-12-2024Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Activities of building architectsNACE 71111
Founded
09-03-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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