DIVIDE
ActiveSummary
The computed 12-month bankruptcy probability of DIVIDE is 22.5% (high). For DIVIDE, at least two annual filings are missing. The 2023 annual accounts show equity of €21,789 and a net result of -€11,407. Equity has been shrinking by about 13% per year since 2021. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-10-2020 Normal situation
- Legal form
- Private limited company
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.310.491.795 since 27-10-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 22.5%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- -€5,010
- Loss
- €11,407
- Equity
- €21,789
- ▼ 34.3%
- Total assets
- €39,471
- ▼ 40.7%
- 2024 accounts not filed, 461 days past the deadline
Turnover not published (abbreviated or micro format)
Signalsraises risk2 financial years not filed after the legal deadline; last filed accounts filed 429 days late; 3 of the last 3 accounts lateFigures for financial year 2023 (filed on 03-10-2025)Ex-officio strike-off in the KBONo main activity registeredTwo or more financial years not filed2023 accounts filed 429 days lateAdministrative warnings in the KBO publicationsShow the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: High
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Average
Solvency
80+5
equity 55.2% of total assets
Liquidity
97+8
short-term debt 14.9% · cash 63.4%
Profitability
0-76
return on assets -28.9%
Bankruptcy probability within 12 months
22.5%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 4 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 10.8%
01-2025: 10.8%● unchanged vs 12-2024
02-2025: 10.8%● unchanged vs 01-2025
03-2025: 10.8%● unchanged vs 02-2025
04-2025: 10.8%● unchanged vs 03-2025
05-2025: 10.8%● unchanged vs 04-2025
06-2025: 10.8%● unchanged vs 05-2025
07-2025: 10.8%● unchanged vs 06-2025
08-2025: 10.2%▼ -0.6 percentage points vs 07-2025
09-2025: 10.2%● unchanged vs 08-2025
10-2025: 12.2%▲ +2.0 percentage points vs 09-2025
11-2025: 8.9%▼ -3.3 percentage points vs 10-2025lowest value
12-2025: 10.8%▲ +1.9 percentage points vs 11-2025
01-2026: 22.7%▲ +11.9 percentage points vs 12-2025
02-2026: 22.7%● unchanged vs 01-2026
03-2026: 22.9%▲ +0.2 percentage points vs 02-2026highest value
04-2026: 22.2%▼ -0.7 percentage points vs 03-2026
05-2026: 22.2%● unchanged vs 04-2026
06-2026: 22.0%▼ -0.2 percentage points vs 05-2026
07-2026: 22.0%● unchanged vs 06-2026
08-2026: 22.5%▲ +0.5 percentage points vs 07-2026
09-2026: 22.5%● unchanged vs 08-2026
10-2026: 22.5%● unchanged vs 09-2026
11-2026: 22.5%● unchanged vs 10-2026
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline04-11-2026 today
raises risk · 2023 accounts filed 429 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-10-2025, 429 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
429 days late
2022
792 days late
2021
45 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 422 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 03-10-2025 PDF all 3 filings
Equity
€21,789▼ 34.3%
2022 · €33,185
Total assets
€39,471▼ 40.7%
2022 · €66,565
Net result
-€11,407
2022 · €4,062
Working capital
€19,214▼ 38.7%
2022 · €31,369
Multi-year overview
2021 to 2023, 3 financial yearsOperating result
-€11,180
2023
20212023
Net result
-€11,407
2023
20212023
Equity
€21,789
▼ 34.3%
2023
20212023
Total assets
€39,471
▼ 40.7%
2023
20212023
Debt
€17,683
▼ 47.0%
2023
20212023
Working capital
€19,214
▼ 38.7%
2023
20212023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result€31,386-€6,242▼ 80.1%-€11,180
Net result€24,124-€4,062▼ 83.2%-€11,407
Equity€29,124-€33,185▲ 13.9%€21,789▼ 34.3%
Total assets€99,669-€66,565▼ 33.2%€39,471▼ 40.7%
Debt€70,545-€33,380▼ 52.7%€17,683▼ 47.0%
Working capital€28,224-€31,369▲ 11.1%€19,214▼ 38.7%
The operating result for 2023 is a loss of €11,180, after a profit of €6,242 in 2022. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €39,471
Fixed assets
€14,380 ▼ 11.9%
Current assets
€25,092 ▼ 50.1%
Equity and liabilities €39,471
Equity
€21,789 ▼ 34.3%
Debt
€17,683 ▼ 47.0%
Debt's share of the balance-sheet total falls from 50.1% to 44.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€6,598▼
2022 · €10,210
Cash flow
-€6,825▼
2022 · €8,030
Current ratio
4.27▲
2022 · 2.66
Debt to equity
0.81▼
2022 · 1.01
ROE
-52.4%▼
2022 · 12.2%
ROA
-28.9%▼
2022 · 6.1%
Interest coverage
-29.10▼
2022 · 50.77
Debt ≤ 1 year
€5,878▼
2022 · €18,876
Debt > 1 year
€11,805▼
2022 · €14,504
Income taxes
€0▼
2022 · €1,994
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €19,388 | €2,535 |
| Intangible fixed assets | €1,000 | €1,000 | - |
| Depreciation and write-downs of the year | €100 | €3,968 | €4,581 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100 | €3,968 | €4,581 | ▲ 15.5% |
| Other operating charges640/8 | €1,424 | €1,588 | €1,588 | = |
| Gross operating margin9900 | €32,910 | €11,798 | -€5,010 | - |
| Operating profit (loss)9901 | €31,386 | €6,242 | -€11,180 | - |
| Financial income75/76B | €15 | €15 | - | - |
| Recurring financial income75 | €15 | €15 | - | - |
| Financial charges65/66B | €104 | €201 | €227 | ▲ 12.8% |
| Recurring financial charges65 | €104 | €201 | €227 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | €31,297 | €6,056 | -€11,407 | - |
| Transfer from deferred taxes780 | - | €0 | - | - |
| Transfer to deferred taxes680 | - | €0 | - | - |
| Income taxes67/77 | €7,173 | €1,994 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €24,124 | €4,062 | -€11,407 | - |
| Profit (loss) for the period to be appropriated9905 | €24,124 | €4,062 | -€11,407 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €99,669 | €66,565 | €39,471 | ▼ 40.7% |
| Fixed assets21/28 | €900 | €16,320 | €14,380 | ▼ 11.9% |
| Intangible fixed assets21 | €900 | €800 | €700 | ▼ 12.5% |
| Tangible fixed assets22/27 | - | €15,520 | €13,680 | ▼ 11.9% |
| Furniture and vehicles24 | - | €15,520 | €13,680 | ▼ 11.9% |
| Current assets29/58 | €98,769 | €50,245 | €25,092 | ▼ 50.1% |
| Amounts receivable within one year40/41 | €35,732 | - | €49 | - |
| Trade receivables40 | €35,732 | - | - | - |
| Other amounts receivable41 | - | - | €49 | - |
| Cash at bank and in hand54/58 | €63,038 | €50,245 | €25,043 | ▼ 50.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €99,669 | €66,565 | €39,471 | ▼ 40.7% |
| Equity10/15 | €29,124 | €33,185 | €21,789 | ▼ 34.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | - | €5,000 | €5,000 | = |
| Issued capital100 | - | €5,000 | €5,000 | = |
| Reserves13 | €24,124 | €28,185 | €16,789 | ▼ 40.4% |
| Distributable reserves133 | €24,124 | €28,185 | €16,789 | ▼ 40.4% |
| Amounts payable17/49 | €70,545 | €33,380 | €17,683 | ▼ 47.0% |
| Amounts payable after more than one year17 | - | €14,504 | €11,805 | ▼ 18.6% |
| Financial debts170/4 | - | €14,504 | €11,805 | ▼ 18.6% |
| Trade debts175 | - | €0 | - | - |
| Advances received on contracts in progress176 | - | €0 | - | - |
| Other amounts payable178/9 | - | €0 | - | - |
| Amounts payable within one year42/48 | €70,545 | €18,876 | €5,878 | ▼ 68.9% |
| Current portion of amounts payable after more than one year42 | - | €4,835 | €5,878 | ▲ 21.6% |
| Trade debts44 | €23,087 | - | - | - |
| Suppliers440/4 | €23,087 | - | - | - |
| Advances received on contracts in progress46 | €19,940 | - | - | - |
| Taxes, remuneration and social security45 | €23,146 | €9,670 | - | - |
| Taxes450/3 | €18,396 | €1,994 | - | - |
| Remuneration and social security454/9 | €4,750 | €7,676 | - | - |
| Other amounts payable47/48 | €4,372 | €4,372 | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,124 | €4,062 | -€11,407 | - |
| + Depreciation and write-downs630 | €100 | €3,968 | €4,581 | ▲ 15.5% |
| Operating cash flow (approximation) | €24,224 | €8,030 | -€6,825 | - |
| Investment in fixed assets (approximation) | - | -€19,388 | -€2,641 | ▲ 86.4% |
| Change in cash | - | -€12,792 | -€25,203 | ▼ 97.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director
Longerstay Sofie
Current
Director · listed in the 2021 annual accounts, filed on 14-09-2022
Owners and capital
Owners
Network & group
DIVIDE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of DIVIDE. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
29-05
Bankruptcy
Judicial dissolution and immediate closure
Enterprise Court of Ghent, Ghent division · judgment of 26-05-2026
2025
2023
31-12
Financial
Weakest financial yearnet -€11,407
The net result drops to -€11,407, the lowest from 2021 to 2023.
2022
14-09
abbreviated format · 45 days late
2020
29-10
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
DIVIDE in Dutch
Enterprise number
0757.531.792
Legal form
Private limited company
Status
Active, normale toestand
Founded
27-10-2020
Entity type
Legal entity
Registered office and establishments
Establishment unit
DIVIDE since 27-10-2020 · unit number 2.310.491.79569101 Activities of lawyers
Invoicing and payment
VAT number
BE 0757.531.792
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
3,123 m²
Building footprint
475 m²
Building volume
7,127 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44062A0281/00S000 | Flanders | 3,123 m² | 1 · 475 m² | 23.9 m · 5 |