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DIFFERENCE

Dissolved and wound up KBO/BCE: BE 0467.215.742

Overview

Lifetime

19 annual accounts with figures on one time axis, 25 filings since 2000
peak €151,920 (2006)
-€1,534▼ €14,847
lowest -€20,661 (2016)
-€1,688▼ €15,268
peak €196,513 (2021)
€26,081▼ 6.1%
€5,082▼ 55.2%
Board2 names since 2015
2 directorsNOBELS Reginald and 1 other
Documentsfilings and deeds
24-06-202537 days before the deadline
2024financial year
Gross margin from €13,313 to -€1,534Loss of €1,688Debts from €11,339 to €5,082Cash from €7,219 to €2,783

Key points

from the 2024 annual accounts, the last ones filed

Equity

€26,081 from €196,513 in 2021

Equity fell by 87% in 3 years.

Liquidity

6.13 was 3.45 in 2023

Short-term debts fell from €11,339 to €5,082.

Filings

25 annual accounts since 2000
AprilJune31 JulyOctober200020102020

Six of the last ten came late. The 2019 accounts came latest: 89 days after the end of the period.

No score

Board and ownership

NR
Managing director
VL
Director
Board & ownership

Recent changes

Dissolution with immediate closure of the liquidation Dissolved and wound up in a single deed · General meeting of 17-06-2025 · Gazette deed
Registered office moved from Waterloo to Brussels Capital decrease of €200,005.58 to €50,000 · Capital from €250,005.58 to €50,000 · New registered office: Rue Gustave Biot 12, 1050 Bruxelles · Gazette deed
Reappointments: Laure Vercheval (director) and Réginald Nobels (managing director) General meeting of 29-04-2022 · Gazette deed
Incorporation 20 publications in the Belgian Official Gazette, the last on 04-08-2025 · Gazette deed
All 39 events

Official details

Source: KBO
Status
Dissolved and wound updeed of 04-08-2025
Activity
“Mobilier,de produits spécifiques,d’objets de décoration(intérieur et extérieur),de tout matériel de décoration,le tout au sens…” (deed in French)From the articles, 23 activitiesNo NACE code in the KBO yet
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2024

-€1,534
€1,688
€26,081▼ 6.1%
€31,163▼ 20.3%
Filing
Filed on 24-06-2025
Financials

Insights on DIFFERENCE

Inactive. The last annual accounts are for financial year 2024. The company was dissolved and wound up in a single deed.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2024

full format, filed on 24-06-2025, 37 days before the deadline
-€1,534
▼ €14,847
-€1,922
▼ €15,234
-€1,688
▼ €15,268
€26,081
▼ 6.1%
83.7%
▲ 12.7 percentage points
6.13
▲ 2.68

Turnover: not included in this filing.

Balance sheet

balance sheet total €31,163 on 31-12-2024
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 31,16339,10881,869201,930171,484141,839138,744109,85988,641109,580122,286134,194125,765129,416115,675108,292111,59798,718141,189
21/28 ---71,20570,86920,5335335335335335335335335335335335338032,884
22/27 -----------------2702,351
23 -----------------2702,351
28 ---71,20570,86920,533533533533533533533533533533533533533533
29/58 31,16339,10881,869130,725100,615121,306138,211109,32688,108109,047121,753133,661125,232128,883115,142107,759111,06497,915138,305
29 21,80721,44621,092----------------
291 21,80721,44621,092----------------
3 -------19,75021,100----------
30/36 -------19,75021,100----------
40/41 6,57310,44236,55193,98664,63587,70765,87767,77962,13388,86299,246100,05699,07582,35752,58436,32932,33783,35487,287
40 6,53410,44236,55189,84661,33435,51433,09438,24534,16756,06870,31363,78063,27054,67742,35032,67029,04079,89687,120
41 39--4,1403,30052,19432,78329,53427,96632,79428,93336,27635,80527,68010,2343,6593,2973,458167
54/58 2,7837,21924,22636,73935,98133,59972,33421,7974,87416,53519,58331,40524,93846,10762,42171,28078,72714,56151,018
490/1 ---------3,6502,9252,2001,219419137150---
Balance sheet: equity and liabilities
10/49 31,16339,10881,869201,930171,484141,839138,744109,85988,641109,580122,286134,194125,765129,416115,675108,292111,59798,718141,189
10/15 26,08127,76914,189196,513170,098140,324133,414104,25687,755108,416120,981123,846123,265120,341114,312108,071106,98285,77926,037
10/11 50,00050,00050,000250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006
10 ---250,006---------------
100 ---250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006250,006
14 -23,919-22,231-35,811-53,492-79,908-109,681-116,591-145,749-162,250-141,590-129,025-126,159-126,740-129,665-135,693-141,935-143,024-164,226-223,968
17/49 5,08211,33967,6805,4171,3871,5155,3305,6038851,1641,30510,3482,5009,0751,3622214,61612,939115,152
17 ------------------110,896
178/9 ------------------110,896
42/48 5,08211,33967,6805,4171,3871,5155,3305,6038851,1641,30510,3482,5009,0751,3622214,61612,9394,256
44 426421386367484330189598885-50110,3482,5009,075105--192392
440/4 426421386367484330189598885-50110,3482,5009,075105--192392
45 -2631,6395,0509031,1845,1405,006-1,164804---1,2572214,61612,7473,864
450/3 -2631,6395,0509031,1845,1405,006-1,164804---1,2572214,61612,7473,864
47/48 4,65510,65565,655----------------
Income statement
9900 -1,53413,31319,05725,31728,3606,96229,39332,981-1644,306-3,789-1,0601,4804,8905,98297521,85363,137151,920
630 ----------------2702,0804,695
640/8 387-1,341---2,80718,82222,4713486953484531054534823731,606-
66A ---------18,150--------244
9901 -1,92213,31317,71625,31728,3606,96226,58514,159-22,6353,959-4,484-1,4081,0274,7855,53049321,21059,450147,225
75/76B 3603546301,1761,443-2,6552,4112,0411,7401,9732,1411,9651,30675663443921,113
75 3603546301,1761,443-2,6552,4112,0411,7401,9732,1411,9651,30675663443921,113
65/66B 12687665773052816967114355153686344385197618
65 12687665773052816967114355153686344385197618
9903 -1,68813,58017,68126,41629,7736,91029,15816,501-20,661-12,565-2,8655812,9246,0286,2411,08921,20259,446147,476
67/77 ------------------296-185
9904 -1,68813,58017,68126,41629,7736,91029,15816,501-20,661-12,565-2,8655812,9246,0286,2411,08921,20259,742147,661
9905 -1,68813,58017,68126,41629,7736,91029,15816,501-20,661-12,565-2,8655812,9246,0286,2411,08921,20259,742147,661
Appropriation of the result
9906 -23,919-22,231-35,811-53,492-79,908-109,681-116,591-145,749-162,250-141,590-129,025-126,159-126,740-129,665-135,693-141,935-143,024-164,226-223,968
14P -22,231-35,811-53,492-79,908---------------
791/2 --200,006----------------
694/7 --200,006----------------
694 --200,006----------------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 24-06-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2024 full format 24-06-2025 2025-00171442 PDF
31-12-2023 full format 30-08-2024 2024-00444205 PDF
31-12-2022 full format 03-07-2023 2023-00199689 PDF
31-12-2021 full format 23-05-2022 2022-20031647 PDF
31-12-2020 full format 12-08-2021 2021-48000143 PDF
31-12-2019 full format 28-10-2020 2020-64100326 PDF
31-12-2018 micro format 16-08-2019 2019-46800291 PDF
31-12-2017 micro format 06-07-2018 2018-29100315 PDF
31-12-2016 micro format 04-08-2017 2017-40700402 PDF
31-12-2015 full format 30-08-2016 2016-56300028 PDF
31-12-2014 full format 31-08-2015 2015-56800356 PDF
31-12-2013 full format 28-08-2014 2014-54700547 PDF
31-12-2012 full format 29-08-2013 2013-53200152 PDF
31-12-2011 full format 31-08-2012 2012-55400143 PDF
31-12-2010 full format 31-08-2011 2011-53300531 PDF
31-12-2009 full format 31-08-2010 2010-53200312 PDF
31-12-2008 full format 31-08-2009 2009-72400078 PDF
31-12-2007 full format 26-08-2008 2008-65900048 PDF
31-12-2006 full format 31-08-2007 2007-68200238 PDF
31-12-2005 full format 01-09-2006 2006-77403421 PDF
31-12-2004 full format 12-09-2005 2005-67404792 PDF
31-12-2003 full format 01-12-2004 2004-82403836 PDF
31-12-2002 full format 23-10-2003 2003-75803187 PDF
31-12-2001 full format 18-11-2002 2002-72204646 PDF
31-12-2000 full format 08-06-2001 2001-19100069 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2024202320222021202020192018201720162015201420132012201120102009200820072006
----------------21,48161,531151,920
----------------21,47361,822152,356
---33650,33620,000----------00-
-4,436-17,006-12,5147592,382-38,73650,53716,923-11,661-3,048-11,8236,467-21,169-16,314-8,859-7,44764,166-36,457-
26,08127,76914,189125,30899,229119,791132,881103,72387,222107,883120,448123,313122,732119,808113,779107,538106,44984,976134,050
83.7%71.0%17.3%97.3%99.2%98.9%96.2%94.9%99.0%98.9%98.9%92.3%98.0%93.0%98.8%99.8%95.9%86.9%18.4%
6.133.451.2124.1372.5580.0925.9319.5199.5493.7193.2912.9250.0914.2084.52-24.067.5732.50
6.133.451.2124.1372.5580.0925.9315.9975.7093.7193.2912.9250.0914.2084.52-24.067.5732.50
0.190.414.770.030.010.010.040.050.010.010.010.080.020.080.010.000.040.154.42
-6.5%48.9%124.6%13.4%17.5%4.9%21.9%15.8%-23.5%-11.6%-2.4%0.5%2.4%5.0%5.5%1.0%19.8%69.6%567.1%
-5.4%34.7%21.6%13.1%17.4%4.9%21.0%15.0%-23.3%-11.5%-2.3%0.4%2.3%4.7%5.4%1.0%19.0%60.5%104.6%

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item2024202320222021
Financial fixed assets---€336

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on DIFFERENCE

The operating result for 2024 is a loss of €1,922, after a profit of €13,313 in 2023. It is the lowest result since 2016.

Debt's share of the balance-sheet total falls from 29.0% to 16.3%. Equity and debt are lower.

Large changes and their cause
  • 2022 Equity -93%, Total assets -59% on 2021. Capital reduction of €200,006 (Official Gazette 24-06-2022).

Board & ownership

Last board

2 directors, 1 in day-to-day management
Director (not named in the articles) and managing director
in office according to the deed of 12-05-2022
listed in the 2024 annual accounts, filed on 24-06-2025
Director (not named in the articles)
in office according to the deed of 12-05-2022
listed in the 2024 annual accounts, filed on 24-06-2025
NOBELS Reginald
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 24-06-2022

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
NOBELS Reginald
Director, Managing director
LeadershipBoardmandate already running before its first mention
Mandates as a list
  • NOBELS Reginald
    • Director, from 31-12-2015 to date
    • Managing director, since before 12-05-2022
  • VERCHEVAL Laure
    • Director, from 31-12-2015 to date

See the board, name and registered office on a given date →

Control

Capital

Capital
€50,000
Source
deed of 24-06-2022

Articles of association

deed of 24-06-2022 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Frais procédure et expertise moitié cédant moitié acquéreurs proportionnellement si plusieurs, héritiers et légataires non de plein droit…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June

Capital transactions

Capital over time
  1. 24-06-2022 Capital reduction of €200,005.58 · to €50,000 · repaid to the shareholders
  2. 24-06-2022 Converted to available equity · €50,000

Network & group

No group

DIFFERENCE has no parent and no holdings in its annual accounts.

Board mandates elsewhere

1 board mandate
Board mandates of DIFFERENCEDIFFERENCE sits on their board1
Director
Founded in 1983 · 8.9 FTE (2025) · accounts filed late

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ALTHAEA DEVELOPMENT
via André Houet (permanent representative of DIFFERENCE) · Director · deed of 18-07-2017
Founded in 1992 · total assets €1.1m (2025)
→

Timeline

Timeline

39 events since 1999
2025
Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed · General meeting of 17-06-20253 points ▸
  • Auditor report, 16-05-2025
  • Power of attorney, NOBELS Réginald (director)
  • General meeting, 17-06-2025
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 37 days before the deadline
2024
Annual accounts 2023 filed PDFfull format · 30 days late
2023
Liquidity more than doubled current ratio 3.45 The current ratio rises from 1.21 to 3.45. Short-term debt falls from €67,680 to €11,339.
Annual accounts 2022 filed PDFfull format · 28 days before the deadline
2022
Registered office moved from Waterloo to BrusselsCapital decrease of €200,005.58 to €50,000 · Capital from €250,005.58 to €50,000 · New registered office: Rue Gustave Biot 12, 1050 Bruxelles9 points ▸
  • Registered-office move, Rue Gustave Biot 12, 1050 Bruxelles
  • Purpose change, “La fourniture de tous services,conseils et études ainsi que la formation,à la fois au niveau national et international et dans n'importe quel secteur,dans les…” (deed in French)
  • Capital decrease, €200,005.58
  • Legal-form conversion, from public limited company to private limited company
  • Accounting effect, 01-04-2022
  • 1,000 shares
  • Director reappointment, NOBELS Reginald (director (not named in the articles))
  • Director reappointment, VERCHEVAL Laure (director (not named in the articles))
  • Net-asset statement, 31-03-2022
  • The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFfull format · 69 days before the deadline
Reappointments: Laure Vercheval (director) and Réginald Nobels (managing director)General meeting of 29-04-20224 points ▸

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFfull format · 12 days late
2020
Equity above €150,000 equity €170,098 ▲21.2% After 4 profitable years in a row, equity reaches €170,098.
Annual accounts 2019 filed PDFfull format · 89 days late
2019
Liquidity more than triples current ratio 80.09 The current ratio rises from 25.93 to 80.09. Short-term debt falls from €5,330 to €1,515.
Annual accounts 2018 filed PDFmicro format · 16 days late
2018
Annual accounts 2017 filed PDFmicro format · 25 days before the deadline
2017
Back to profit net €16,501 The net result is €16,501, after 3 loss-making years.
Annual accounts 2016 filed PDFmicro format · 4 days late
2016
Weakest financial year net -€20,661 The net result drops to -€20,661, the lowest from 2006 to 2024.
Annual accounts 2015 filed PDFfull format · 30 days late
2015
Annual accounts 2014 filed PDFfull format · 31 days late
2014
Liquidity more than 7 times current ratio 93.29 The current ratio rises from 12.92 to 93.29. Short-term debt falls from €10,348 to €1,305.
Annual accounts 2013 filed PDFfull format · 28 days late
2013
Annual accounts 2012 filed PDFfull format · 29 days late
2012
Liquidity more than triples current ratio 50.09 The current ratio rises from 14.20 to 50.09. Short-term debt falls from €9,075 to €2,500.
Annual accounts 2011 filed PDFfull format · 31 days late
2011
Annual accounts 2010 filed PDFfull format · 31 days late
2010
Annual accounts 2009 filed PDFfull format · 31 days late
2009
Liquidity more than 20 times current ratio 487.60 The current ratio rises from 24.06 to 487.60. Short-term debt falls from €4,616 to €221.
Annual accounts 2008 filed PDFfull format · 31 days late
2008
Liquidity more than triples current ratio 24.06 The current ratio rises from 7.57 to 24.06. Short-term debt falls from €12,939 to €4,616.
Equity above €100,000 equity €106,982 ▲24.7% With a profit in every financial year since 2006, equity grows to €106,982.
Annual accounts 2007 filed PDFfull format · 26 days late
2007
Annual accounts 2006 filed PDFfull format · 31 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
1999
Incorporation 20 publications in the Belgian Official Gazette, the last on 04-08-2025

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

In 2022 the registered office moved to Brussels.1 Total assets went from €138,744 in 2018 to €31,163 in 2024.2 In 2025 DIFFERENCE was dissolved and its liquidation closed in a single deed.3

  1. 1Belgian Official Gazette, 24-06-2022
  2. 2National Bank, annual accounts 2018 and 2024
  3. 3Belgian Official Gazette, 04-08-2025

Company details

Purpose, financial year and meetings according to the articles of association

Name, seat, purpose and duration

PurposeThe purpose describes the activities the company may carry out under its articles.
“Mobilier,de produits spécifiques,d’objets de décoration(intérieur et extérieur),de tout matériel de décoration,le tout au sens large du…”
23 activities
  1. Mobilier,de produits spécifiques,d’objets de décoration(intérieur et extérieur),de tout matériel de décoration,le tout au sens large du terme,en ce qui compris les produits de bois,métal,verre,pierre,cuir,porcelaine,sans étant limitatif;
  2. Des produits de grande consommation,de produits accessoires,en ce compris notamment des ustensiles,matériel et mobilier ménagers et home design,matériaux de cuisine;
  3. Des matériaux électriques,dont l’éclairage,son,luminaire et télévisuel;
  4. Toutes marchandises et de tous produits,en ce compris notamment de tous produits textiles en général,confectionnés ou non et spécialement le prêt-à-porter ainsi que les accessoires,les bijoux,les colifichets,maroquinerie;
  5. Des articles de luxe et de cadeau;
  6. De produits alimentaires,de produits naturels,écologiques et bio,au sens le plus large;
  7. L’exploitation des magasins et boutiques et en général toute surface commerciale vendant les marchandises prédécrites.
  8. La fourniture de tous services,conseils et études ainsi que la formation,à la fois au niveau national et international et dans n'importe quel secteur,dans les domaines du management,de la consultance,de la gestion,de la communication,du marketing,du développement de stratégies,de conseils et de programmes d’actions,de l’organisation de séminaires,de formations et d’évènements d’entreprises,les relations publiques,des ressources humaines,de l’administration et de l’organisation,de headhunting et executive search;en général elle pourra effectuer des activités de conseil et d’assistance,de contrôle et supervision,en toutes matières et notamment en matière financière,juridique,fiscale,du marketing,de la communication,de l’internet et ecommerce,stratégique et économique de toutes sociétés,entreprises,associations,ou groupements de personnes ayant ou non la personnalité morale,de nationalité belge ou étrangère.
  9. La constitution et la valorisation d'un patrimoine immobilier,tant en immeubles qu'en droits réels immobiliers,notamment l'achat,la vente,l'échange,la négociation,la transaction,la gestion,la transformation,la construction et la destruction de biens immobiliers,le leasing,la location meublée ou non tant en qualité de bailleur que de locataire,le lotissement,l'expertise,la revente,le courtage,la promotion,de tous biens immobiliers.
  10. Consentir tous prêts,crédits et avances sous quelque forme que ce soit et pour quelque durée que ce soit,à toutes entreprises affiliées ou dans laquelle la société possède une participation.
  11. Se voir octroyer,sous quelque forme que ce soit et pour quelque durée que ce soit,tous prêts,crédits et avances par toute personne physique ou morale dans le cadre de ses activités.
  12. Donner caution,aval ou toutes garanties généralement quelconques,tant pour ses propres engagements que pour les engagements de tiers,entre autres en donnant ses biens en hypothèque ou en gage,y compris son fonds de commerce.
  13. La société pourra participer directement ou indirectement dans tous les organismes publics ou privés et dans toutes les sociétés d’entreprises et d’exploitation ayant un objet similaire,analogue ou connexe à celui de la société présentement constituée.
  14. De façon générale,la société peut faire toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement en tout ou en partie à son objet ou qui seraient de nature à en faciliter la réalisation.
  15. Elle peut aux mêmes fins,faire toutes opérations financières de crédit ou de prêt,emprunter notamment sur gage avec constitution d’hypothèque,cautionner ou garantir tous prêts ou crédits avec ou sans privilège ou autre garantie réelle.
  16. Elle peut exercer les fonctions d'administrateur,gérant et liquidateur.
  17. L’achat,la vente,l’importation,l’exportation de tous matériels et programmes informatiques;
  18. Le conseil,l’assistance,la location,la composition de tous programmes,le montage de PC et de dérivés,encodage de données fichiers;
  19. La communication sous toutes ses formes,modems,modulateurs,démodulateurs,fax,copieurs,imprimantes,le contrôle d’accès et surveillance de bâtiments;
  20. L’achat,la vente de fournitures concernant l’informatique et les télécommunications;
  21. La récupération de fichiers;
  22. La formation en informatique.
  23. L’intervention comme intermédiaire commercial.
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

General meeting and financial year

Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June

Articles of association, deed of 24-06-2022 (in French)

Inactive

Dissolved and wound up

DIFFERENCE is no longer in the KBO register.

Status
Inactive
Reason
Dissolved and wound up in a single deedBelgian Official Gazette, 4 August 2025 · deed
Last annual accounts
financial year to 31 December 2024
Last registered office
Rue Gustave Biot 12, 1050 Ixelles (Bruxelles)as published on 4 August 2025
Legal form
Private limited company
First annual accounts
financial year 2000
Official KBO record