Active BE 1002.584.872Limited partnership

Down2Earth Continuation Fund Privak

Minderbroedersrui 11 ·2000 Antwerpen, Belgium· 2 yrs active

Sector: Activiteiten van holdings (64210)

Conclusion Checked

Down2Earth Continuation Fund Privak is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9.72M and a net result of €34.72M. Its solvency ranks better than 73% of 231 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€9.72M
Net result	€34.72M
Better than sector	73%
Active	2 yrs

Financial profile 3 of 5 axes measured · computed by Checked

86 / 100

This figure rests on 3 of 5 axes. Too few to say where this company is strong or weak.

Computed on 3 of 5 axes. Not measured: health, growth. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 90

Growth -

Stability 67

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview1 NBB filings

Annual accounts filed on 10-10-2025 with the NBB · fiscal year 2025 · volledig

Sector comparison

Fiscal year 2025 · NACE 64, Financial services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	80.9%	53.5%	better than 73% of 231 sector peers
Net result	€34.72M	€62k	better than 95% of 231 sector peers
Equity	€9.72M	€4.01M	better than 60% of 231 sector peers
Total assets	€12.01M	€8.74M	better than 56% of 231 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€34.72M
Cash flow	n/a
Staff costs	-
Income taxes	-
Dividends	€31.24M
Total assets	€12.01M
Equity	€9.72M
Debt	€2.29M
of which ≤ 1y	€2.27M
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	80.9%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	289.1%
ROE	357.3%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €8.54M · 71.1% Current assets €3.47M · 28.9%

Equity & liabilities

Equity €9.72M · 80.9% Debt €2.29M · 19.1%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€12.01M
Fixed assets	21/28	€8.54M
Financial fixed assets	28	€8.54M
Current assets	29/58	€3.47M
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€44k
Cash & bank	54/58	€74k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€12.01M
Equity	10/15	€9.72M
Contributions / capital	10/11	€6.24M
Accumulated profits (losses)	14	€3.48M
Amounts payable	17/49	€2.29M
Amounts payable within one year	42/48	€2.27M
Trade debts payable within one year	44	€83k
Income statement
Turnover	70	€309k
Operating result	9901	€-1.02M
Financial income	75	€37.68M
Financial charges	65	€239k
Result before taxes	9903	€34.72M
Net result for the period	9904	€34.72M
Result to be appropriated	9905	€34.72M

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Limited partnership(612)
Incorporation	23-11-2023
Status	Active
Postal code	2000

Establishment units 1 location

Down2Earth Continuation Fund Privak

Minderbroedersrui 11, 2000 AntwerpenHoldings

since 20232.355.295.305

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11002A0692/00E000	Flanders	808 m²	1 · 565 m²	19.4 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

10-10-2025

NBB filing Annual accounts filed

fiscal year 2025 · volledig

05-02-2025

State Gazette act Capital & shares

2024

09-02-2024

State Gazette act Capital & shares

Frank Liesse

Belgian State Gazette reading coverage 0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 2

05-02-2025

Capital change

09-02-2024

Capital change

All acts · 2 updated 1 year ago

2025

05-02-2025 Capital decrease of €8,764,000 to €11,236,000 Capital & shares

€20.000.000 → €11.236.000

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "capital_decrease",
      "after_eur": 11236000.0,
      "delta_eur": -8764000.0,
      "before_eur": 20000000.0,
      "share_emission": {
        "agio_eur": null,
        "share_form": "no_nominal_value",
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": false,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": "distribution_to_shareholders",
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": 8764000.0,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Antwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2025-01-24",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enige_bestuurder_schriftelijk",
    "act_date": "2025-01-24",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-12-27"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "1002.584.872",
    "name_full": "Down2Earth Continuation Fund Privak",
    "legal_form": "Commanditaire vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": [
    {
      "n_shares": 20000000,
      "class_name": "aandelen",
      "capital_share_eur": 11236000.0,
      "voting_rights_per_share": null
    }
  ]
}

2024

09-02-2024 Capital increase Capital & shares·Frank Liesse

Inbreng in geld · Apport en numéraire

Notary: Frank Liesse · AntwerpenFirm: Celis & Liesse

Original publication ↗

Technical details

{
  "events": [
    {
      "kind": "capital_increase",
      "after_eur": 20000000.0,
      "delta_eur": 19775000.0,
      "before_eur": 0.0,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "org",
          "name": "Investeerders (Commanditaire Vennoten)",
          "share_class": "A",
          "liberation_pct": 75.0,
          "contribution_kind": "schuldvordering",
          "n_shares_subscribed": null,
          "contribution_amount_eur": 11189775.0
        },
        {
          "kbo": null,
          "rrn": null,
          "kind": "org",
          "name": "Manager (Gecommanditeerde Vennoot)",
          "share_class": "C",
          "liberation_pct": 75.0,
          "contribution_kind": "geld",
          "n_shares_subscribed": null,
          "contribution_amount_eur": 8585025.0
        }
      ],
      "share_emission": {
        "agio_eur": 0.0,
        "share_form": "no_nominal_value",
        "share_class": "A",
        "n_new_shares": 19775000,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": 1.0
      },
      "decrease_purpose": null,
      "contribution_type": "geld",
      "paid_up_delta_eur": 14775000.0,
      "n_shares_destroyed": null,
      "not_yet_called_eur": 4943750.0,
      "_arith_inconsistent": true,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_class_creation",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
        {
          "kbo": null,
          "rrn": null,
          "kind": "org",
          "name": "Manager (Gecommanditeerde Vennoot)",
          "share_class": "C",
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": "C",
        "n_new_shares": null,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "share_class_creation",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "share_emission": {
        "agio_eur": null,
        "share_form": null,
        "share_class": null,
        "n_new_shares": null,
        "with_new_shares": true,
        "nominal_value_eur": null,
        "issue_price_per_share_eur": null
      },
      "decrease_purpose": null,
      "contribution_type": null,
      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
      "not_yet_called_eur": null,
      "merger_new_shares_n": null,
      "merger_exchange_ratio": null,
      "distribution_amount_eur": null,
      "statutory_unavailable_equity_op": null
    }
  ],
  "notary": {
    "name": "Frank Liesse",
    "firm_city": null,
    "firm_name": "Celis \u0026 Liesse",
    "office_city": "Antwerpen",
    "is_associated": true
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-02-09",
    "filing_date": "2024-02-07",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-12-28",
    "unanimous": null,
    "under_authorized_capital": true,
    "underlying_resolution_date": null
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "1002.584.872",
    "name_full": "Down2Earth Continuation Fund Privak",
    "legal_form": "Commanditaire vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "afschrift akte",
    "geco\u00F6rdineerde statuten"
  ],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "org",
      "name": "Investeerders (Commanditaire Vennoten)",
      "role": "commanditaire",
      "n_shares": null,
      "share_class": "A"
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "org",
      "name": "Manager (Gecommanditeerde Vennoot)",
      "role": "commanditaire",
      "n_shares": null,
      "share_class": "C"
    }
  ],
  "share_classes_after": [
    {
      "n_shares": 19775000,
      "class_name": "A",
      "capital_share_eur": 19775000.0,
      "voting_rights_per_share": null
    },
    {
      "n_shares": null,
      "class_name": "C",
      "capital_share_eur": 2000000.0,
      "voting_rights_per_share": null
    }
  ]
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activiteiten van holdings64210Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameNL	Down2Earth Continuation Fund Privak
AbbreviationNL	D2E Continuation Fund Privak

Registered office

Minderbroedersrui 11

2000 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

Similar companies Comparable size · 5,579 of 24,680 companies in this sector with filed accounts

Bobbie Pharmaceutical Services BE 0799.344.237 · Wingene

SILENTIVE BE 0773.616.372 · Leuven

Alfabet BE 0793.613.121 · Gent

IMMIZ BE 0870.625.478 · Izegem

PACT 14 BE 0780.850.097 · Brugge