DIFFERENCE
ActiveSummary
The computed 12-month bankruptcy probability of DIFFERENCE is 3.4% (moderate). The 2025 annual accounts show negative equity (-€93,600) and a net result of -€21,295. Equity is shrinking by ~10.8% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Overview
- Equity
- -€93,600
- Loss
- -€21,295
Why 47- Loss of €21,295, the second in a row (FY 2025)- Ex-officio strike-off in the KBO+ Size: total assets €3,775+ Founded in 1990Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 5% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 48 days after the deadline; the Belgian median for financial year 2021 is 3 days before the deadline, and 44% of all filings were late.
Checked, nothing found (1)
- Late accounts filingevent 18-08-2026
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2021 · full…
Financials · fiscal year 2025, abbreviated schema
2019 to 2025, 4 fiscal years 2019 to 2025, 4 fiscal years
The operating result is -€6,439 in 2025, compared with -€465 in 2021. Comparable figures for the intervening years are unavailable.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.4% 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 497,472 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 6,621 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.
| Line | 2019 | 2020 | 2021 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €16,000 | €9,630 | €7,250 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €2,330 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,031 | €4,726 | €4,482 | €920 | - |
| Other operating charges640/8 | - | - | €903 | €1,353 | - |
| Gross operating margin9900 | €363 | €2,329 | €4,920 | -€4,166 | - |
| Operating profit (loss)9901 | -€56,218 | -€4,473 | -€465 | -€6,439 | - |
| Financial charges65/66B | - | - | €1,691 | €320 | - |
| Recurring financial charges65 | €550 | €179 | €1,691 | €320 | - |
| Profit (loss) for the period before taxes9903 | -€56,768 | -€4,652 | -€2,156 | -€6,759 | - |
| Income taxes67/77 | - | - | - | €14,537 | - |
| Profit (loss) for the period9904 | -€56,768 | -€4,652 | -€2,156 | -€21,295 | - |
| Profit (loss) for the period to be appropriated9905 | -€56,768 | -€4,652 | -€2,156 | -€21,295 | - |
| Line | 2019 | 2020 | 2021 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €26,411 | €34,786 | €22,153 | €3,775 | - |
| Fixed assets21/28 | €22,833 | €22,333 | €17,851 | €3,744 | - |
| Tangible fixed assets22/27 | €21,929 | €21,428 | €16,946 | €2,839 | - |
| Land and buildings22 | - | - | €13,523 | €2,839 | - |
| Furniture and vehicles24 | - | - | €3,423 | - | - |
| Financial fixed assets28 | €905 | €905 | €905 | €905 | - |
| Current assets29/58 | €3,578 | €12,453 | €4,302 | €32 | - |
| Amounts receivable within one year40/41 | €3,413 | €12,439 | €4,088 | - | - |
| Trade receivables40 | - | - | €4,088 | - | - |
| Cash at bank and in hand54/58 | €164 | €14 | €214 | €32 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €26,411 | €34,786 | €22,153 | €3,775 | - |
| Equity10/15 | -€49,734 | -€54,387 | -€56,543 | -€93,600 | - |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | - |
| Capital10 | - | - | €61,500 | €61,500 | - |
| Issued capital100 | - | - | €61,500 | €61,500 | - |
| Reserves13 | €4,361 | €4,361 | €4,361 | €4,361 | - |
| Non-distributable reserves130/1 | - | - | €4,361 | €4,361 | - |
| Legal reserve130 | - | - | €4,361 | €4,361 | - |
| Profit (loss) carried forward14 | -€115,596 | -€120,248 | -€122,404 | -€159,462 | - |
| Amounts payable17/49 | €76,145 | €89,173 | €78,696 | €97,376 | - |
| Amounts payable after more than one year17 | €29,000 | €32,400 | €32,400 | - | - |
| Financial debts170/4 | - | - | €32,400 | - | - |
| Amounts payable within one year42/48 | €47,145 | €56,773 | €46,296 | €97,376 | - |
| Financial debts43 | - | - | €248 | - | - |
| Credit institutions430/8 | - | - | €248 | - | - |
| Trade debts44 | €273 | €8,176 | €3,960 | €4,469 | - |
| Suppliers440/4 | - | - | €3,960 | €4,469 | - |
| Taxes, remuneration and social security45 | - | - | €1,327 | €17,080 | - |
| Taxes450/3 | - | - | €1,327 | €17,080 | - |
| Other amounts payable47/48 | - | - | €40,761 | €75,826 | - |
| Line | 2019 | 2020 | 2021 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€56,768 | -€4,652 | -€2,156 | -€21,295 | - |
| + Depreciation and write-downs630 | €5,031 | €4,726 | €4,482 | €920 | - |
| Operating cash flow (approximation) | -€51,737 | €74 | €2,326 | -€20,376 | - |
| Investment in fixed assets (approximation) | - | -€4,226 | €0 | - | - |
| Change in cash | - | -€150 | €200 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 7 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61011A0056/00Y000 | Wallonia | 1,023 m² | 1 · 260 m² | 6.5 m · 1 fl. |
| 62003A0043/00G027 | Wallonia | 208 m² | 1 · 81 m² | 7.0 m · 2 fl. |