DESIGN PLUS
ActiveSummary
The annual accounts of DESIGN PLUS for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €351,595 and a net result of -€387,901. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 731 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-78
Solvency42▼-26
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.19 against 1.8 in 2024; short-term debt: 74.9% and cash: 29.3% of total assets), and 83.1% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
-18.6%
Age of the figures
18 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 731 sector peers (2025).
NBB · sector comparisonPosition among 731 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 13-10-2025, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
on the day
2023
7 d early
2022
3 d early
2021
2 d early
2020
4 d late
2019
23 d early
← 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 7 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€387,901
2024 · €133,603
Working capital
€298,208▼ 54.3%
2024 · €652,377
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€124,874▼ 58.4%€233,862▲ 87.3%€729,864▲ 212%€214,979▼ 70.5%-€359,025
Net result€71,322▼ 64.6%€163,036▲ 129%€523,367▲ 221%€133,603▼ 74.5%-€387,901
Equity€275,669▲ 27.6%€282,526▲ 2.5%€805,893▲ 185%€739,496▼ 8.2%€351,595▼ 52.5%
Total assets€1.4m▲ 21.9%€2.5m▲ 75.4%€2.2m▼ 12.1%€1.7m▼ 20.0%€2.1m▲ 19.6%
Debt€1.1m▲ 20.6%€2.0m▲ 75.4%€1.2m▼ 41.3%€999,519▼ 14.4%€1.7m▲ 73.0%
Working capital€203,413▼ 8.1%€401,130▲ 97.2%€920,041▲ 129%€652,377▼ 29.1%€298,208▼ 54.3%
Staff (FTE)3.84.8▲ 26.3%4.8=4.4▼ 8.3%4.4=
Why a figure moved sharply
- 2021 Net result -65% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €359,025 after €214,979 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€224,306 ▼ 18.3%
Current assets
€1.9m ▲ 26.7%
Equity and liabilities €2.1m
Equity
€351,595 ▼ 52.5%
Debt
€1.7m ▲ 73.0%
Debt's share of the balance-sheet total rises from 57.5% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€321,538▼
2024 · €250,133
Cash flow
-€350,414▼
2024 · €168,757
Current ratio
1.19▼
2024 · 1.80
Quick ratio
0.97▼
2024 · 1.65
Debt to equity
4.92▲
2024 · 1.35
ROE
-110.3%▼
2024 · 18.1%
ROA
-18.6%▼
2024 · 7.7%
Interest coverage
-8.93▼
2024 · 15.61
Debt ≤ 1 year
€1.6m▲
2024 · €812,088
Debt > 1 year
€167,484▼
2024 · €185,634
Income taxes
€809▼
2024 · €71,448
Staff costs
€356,155▼
2024 · €415,657
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,136 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,623 | €35,787 | ▲ 369% |
| Remuneration, social security and pensions62 | - | €397,410 | €427,608 | €415,657 | €356,155 | ▼ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,574 | €29,525 | €26,880 | €35,154 | €37,487 | ▲ 6.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €200,809 | - | -€200,809 | - | - |
| Other operating charges640/8 | - | €2,634 | €5,809 | €9,888 | €8,552 | ▼ 13.5% |
| Non-recurring operating charges66A | - | - | €46 | €8,051 | €23,452 | ▲ 191% |
| Gross operating margin9900 | €587,194 | €864,240 | €1.2m | €482,920 | €66,621 | ▼ 86.2% |
| Operating profit (loss)9901 | €124,874 | €233,862 | €729,864 | €214,979 | -€359,025 | ▼ 267% |
| Financial income75/76B | - | €7 | €834 | €6,097 | €7,942 | ▲ 30.3% |
| Recurring financial income75 | €58 | €7 | €834 | €6,097 | €7,942 | ▲ 30.3% |
| Financial charges65/66B | - | €8,048 | €10,611 | €16,024 | €36,009 | ▲ 125% |
| Recurring financial charges65 | €7,121 | €8,048 | €10,611 | €16,024 | €36,009 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €117,811 | €225,821 | €720,087 | €205,051 | -€387,092 | ▼ 289% |
| Income taxes67/77 | €46,488 | €62,785 | €196,720 | €71,448 | €809 | ▼ 98.9% |
| Profit (loss) for the period9904 | €71,322 | €163,036 | €523,367 | €133,603 | -€387,901 | ▼ 390% |
| Profit (loss) for the period to be appropriated9905 | €71,322 | €163,036 | €523,367 | €133,603 | -€387,901 | ▼ 390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €2.5m | €2.2m | €1.7m | €2.1m | ▲ 19.6% |
| Fixed assets21/28 | €72,256 | €82,205 | €90,226 | €274,550 | €224,306 | ▼ 18.3% |
| Tangible fixed assets22/27 | €66,138 | €81,787 | €89,808 | €274,132 | €224,306 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | €4,312 | €3,298 | €2,284 | €1,996 | ▼ 12.6% |
| Furniture and vehicles24 | - | €43,264 | €57,678 | €26,868 | €17,184 | ▼ 36.0% |
| Other tangible fixed assets26 | - | €34,211 | €28,832 | €244,980 | €205,127 | ▼ 16.3% |
| Financial fixed assets28 | €6,118 | €418 | €418 | €418 | - | - |
| Current assets29/58 | €1.3m | €2.4m | €2.1m | €1.5m | €1.9m | ▲ 26.7% |
| Stocks and contracts in progress3 | €140,481 | €433,652 | €164,440 | €121,718 | €341,626 | ▲ 181% |
| Contracts in progress37 | - | €433,652 | €164,440 | €121,718 | €341,626 | ▲ 181% |
| Amounts receivable within one year40/41 | €956,028 | €683,993 | €1.3m | €806,487 | €879,156 | ▲ 9.0% |
| Trade receivables40 | - | €647,968 | €1.2m | €773,405 | €700,161 | ▼ 9.5% |
| Other amounts receivable41 | - | €36,025 | €57,242 | €33,081 | €178,995 | ▲ 441% |
| Current investments50/53 | - | - | €250,000 | - | - | - |
| Cash at bank and in hand54/58 | €231,576 | €1.3m | €367,539 | €507,668 | €609,993 | ▲ 20.2% |
| Deferred charges and accrued income490/1 | - | €11,279 | €20,992 | €28,592 | €25,304 | ▼ 11.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €2.5m | €2.2m | €1.7m | €2.1m | ▲ 19.6% |
| Equity10/15 | €275,669 | €282,526 | €805,893 | €739,496 | €351,595 | ▼ 52.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €255,669 | €262,526 | €785,893 | €719,496 | €331,595 | ▼ 53.9% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | - | - | - |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | - | - | - |
| Distributable reserves133 | - | €260,526 | €783,893 | €719,496 | €331,595 | ▼ 53.9% |
| Profit (loss) carried forward14 | €1,502 | - | - | - | - | - |
| Provisions and deferred taxes16 | - | €200,809 | €200,809 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €200,809 | €200,809 | - | - | - |
| Other liabilities and charges164/5 | - | €200,809 | €200,809 | - | - | - |
| Amounts payable17/49 | €1.1m | €2.0m | €1.2m | €999,519 | €1.7m | ▲ 73.0% |
| Amounts payable after more than one year17 | - | - | - | €185,634 | €167,484 | ▼ 9.8% |
| Financial debts170/4 | - | - | - | €185,634 | €167,484 | ▼ 9.8% |
| Amounts payable within one year42/48 | €1.1m | €2.0m | €1.2m | €812,088 | €1.6m | ▲ 91.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,359 | €18,151 | ▲ 4.6% |
| Financial debts43 | - | - | - | - | €425,000 | - |
| Credit institutions430/8 | - | - | - | - | €425,000 | - |
| Trade debts44 | €429,102 | €1.0m | €598,493 | €689,008 | €1.1m | ▲ 54.6% |
| Suppliers440/4 | - | €1.0m | €597,473 | €689,008 | €837,199 | ▲ 21.5% |
| Bills of exchange payable441 | - | - | €1,021 | - | €228,067 | - |
| Advances received on contracts in progress46 | - | €765,070 | €478,781 | - | - | - |
| Taxes, remuneration and social security45 | - | €64,625 | €86,681 | €72,884 | €49,455 | ▼ 32.1% |
| Taxes450/3 | - | €27,705 | €30,260 | €12,795 | - | - |
| Remuneration and social security454/9 | - | €36,919 | €56,421 | €60,089 | €49,455 | ▼ 17.7% |
| Other amounts payable47/48 | - | €123,427 | - | €32,837 | - | - |
| Accrued charges and deferred income492/3 | - | - | €3,565 | €1,797 | €3,436 | ▲ 91.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,322 | €163,036 | €523,367 | €133,603 | -€387,901 | ▼ 390% |
| + Depreciation and write-downs630 | €26,574 | €29,525 | €26,880 | €35,154 | €37,487 | ▲ 6.6% |
| Operating cash flow (approximation) | €97,896 | €192,562 | €550,247 | €168,757 | -€350,414 | ▼ 308% |
| Investment in fixed assets (approximation) | - | -€39,474 | -€34,900 | -€219,479 | €12,757 | ▲ 106% |
| Change in cash | - | €1.0m | -€894,058 | €140,129 | €102,325 | ▼ 27.0% |
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
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet -€387,901
Net result drops to -€387,901, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €523,367 ▲221%
Operating result €729,864, net result €523,367, both a record.
31-03
Financial
Equity above €500,000Eq €805,893 ▲185%
5 profitable years in a row build equity to €805,893.
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 4 days late
31-03
Financial
Equity above €200,000Eq €216,111 ▲190%
2 profitable years in a row build equity to €216,111.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
02-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Etterbeek · 1 establishment unit since 2017
Ground area
1,690 m²
Building footprint
582 m²
Volume, LiDAR
13,226 m³
Parcel 21363B0335/00C003, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
187
companies at this address
See who is registered here
1 establishment unit
DESIGN PLUS
since 20172.260.777.317
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0335/00C003 | Brussels | 1,690 m² | 1 · 581 m² | 33.9 m · 9 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.
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. 819 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-01-2017
Fiscal year end31-03
Activities, NACEBEL 2025
71112Activities of interior architects
47789Other retail sale of new goods
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74120Graphic design and visual communication
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669883879
Registered
05-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.