Equity
€115,183 ▲ 50.4%
Downstream has made a profit in every financial year since 2020.
Downstream
Lifetime
6 annual accounts with figures on one time axispeak €54,273 (2025)
€54,273▲ 237%
peak €38,579 (2025)
€38,579▲ 8.6%
peak €115,183 (2025)
€115,183▲ 50.4%
€7,711▲ 1.7%
Board1 name since 2019
1 director
Documentsfilings and deeds
13-07-202618 days before the deadline
2025abbreviated format
Gross margin from €16,087 to €54,273Equity from €76,603 to €115,183Cash from €31,309 to €47,211
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The accounts state no turnover.
Liquidity
11.47 was 5.81 in 2024
Short-term debts rose from €7,581 to €7,711.
Filings
6 annual accounts 3 late
The 2023 accounts came latest: 31 days after the end of the period.
Starting capital
€5,000 50 shares
Position in the sector
93.7%
Higher solvency than 94% of companies in legal and accounting. Sector median 42.0% · 3,828 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,973 companies had the same profile as Downstream has now. Each dot stands for 68 companies, two years later.
94.8%
were still trading
3.5%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,973 companies, not a prediction for Downstream. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0739830876
Registered office moved from Herve to Chaineux
New registered office: rue de Verviers 107, 4650 Chaineux · Previous registered office: Warrimont 168, 4654 Herve · “1. l'organisation de la comptabilité et des services comptables et les activités de conseil en matière…” (deed in French) · Gazette deed
First establishment
Rue de Verviers 107, Herve
Incorporation
Founding capital of €5,000, 50 shares · Founder: · Appointment: (director) · published on 23-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Downstream Herve | €122,894 | €54,273 | 93.7% | - |
| CABINET COMPTABLE THEUNISSEN Oupeye | €117,278 | €50,149 | 40.5% | - |
| FD CONSEIL Woluwe-Saint-Lambert | €119,839 | €54,533 | 72.6% | - |
| Truyts Accounting Duffel | €116,364 | €47,692 | 35.7% | - |
| BT ADVISORS Forest | €110,922 | €47,335 | 6.7% | - |
| FISCALIFT & ASSOCIES Saint-Josse-ten-Noode | €136,848 | €62,525 | 70.6% | - |
| Comptannexes Ottignies-Louvain-la-Neuve | €115,946 | €65,624 | 76.4% | - |
These companies have the same main activity as Downstream: certified accountants and tax accountants (NACE 69201). They are comparable in size and age: total assets between €111,000 and €137,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 19-12-2019Normal situation
- Activity
- Certified accountants and tax accountantsNACE 69201
- Establishment unit
- 2.297.283.5634650 Herve, since 01-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 13-03-2025
Annual accounts 2025
- €122,894▲ 46.0%
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on Downstream
Downstream files the abbreviated format. That format states no turnover. The gross margin rose from €8,498 in 2020 to €54,273 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Downstream
- What is the company number of Downstream?
- The company number of Downstream is 0739.830.876. The VAT number is the same number with BE in front: BE 0739.830.876.
- Where is Downstream based?
- The registered office is at Rue de Verviers 107, 4650 Herve.Company details
- What does Downstream do?
- According to the KBO register, the main activity is certified accountants and tax accountants (NACE 69201).
- What is the legal form of Downstream?
- Downstream is a private limited company (BV).
- When was Downstream founded?
- Downstream was founded on 19-12-2019.
- Is Downstream still active?
- Yes, Downstream is an active enterprise in the KBO register.
- What is the turnover of Downstream?
- The turnover in financial year 2025 is ≈ €110,000. This figure is estimated from the gross margin of €54,273 and 70 comparable companies (NACE 69201). It probably lies between €89,000 and €160,000.Financials
- Is Downstream profitable?
- In financial year 2025, Downstream made a profit of €38,579.
- Where can I find the annual accounts of Downstream?
- Downstream filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Downstream due?
- Downstream must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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