EIGHTEEN PLUS

Active

Private limited companyfounded 20232 yrs activeRoddam(BOR) 97, 2880 Bornem, BelgiumKBO/BCE: BE 1002.336.533

The computed 12-month bankruptcy probability of EIGHTEEN PLUS is 4.2% (elevated). The 2025 annual accounts show equity of €174k and a net result of €-83k. Its solvency ranks better than 40% of 13009 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

2 / 100

Critical▼ -16 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency13▼-31

Growth32

Stability82

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.04 against 0.12 in 2024), and 80.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2425

2024 to 2025 · latest year -€83k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

56 d early

2024

13 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€174k▼ 32.2%

2024 · €257k

2024: €257k

2024 → 2025

Total assets

€899k▲ 23.0%

2024 · €731k

2024: €731k

2024 → 2025

Net result

€-83k▼ 90.1%

2024 · €-43k

2024: €-43k

2024 → 2025

Working capital

€-173k▼ 58.3%

2024 · €-110k

2024: €-110k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€257k-€174k▼ 32.2%

Operating result€-40k-€-60k▼ 50.5%

Net result€-43k-€-83k▼ 90.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €60k in 2025 against €40k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €899k

99.2%

Fixed assets €892k▲ 24.6%

Current assets €7k▼ 52.3%

Equity and liabilities €899k

19.3%

80.7%

Equity €174k▼ 32.2%

Debt €725k▲ 52.9%

The debt ratio rises from 64.9% to 80.7%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1k▲

2024 · €-26k

Cash flow

€-21k▲

2024 · €-30k

Solvency

19.3%▼

2024 · 35.1%

Current ratio

0.04▼

2024 · 0.12

Quick ratio

0.02▼

2024 · 0.12

Debt / equity

4.17▲

2024 · 1.85

ROE

-47.6%▼

2024 · -17.0%

ROA

-9.2%▼

2024 · -6.0%

Interest coverage

0.06▲

2024 · -7.53

Debt

€725k▲

2024 · €474k

Debt ≤ 1 year

€181k▲

2024 · €125k

Debt > 1 year

€544k▲

2024 · €349k

Staff costs

€90k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€731k€899k▲

Fixed assets21/28€715k€892k▲

Tangible fixed assets22/27€715k€891k▲

Land and buildings22€683k€815k▲

Plant, machinery and equipment23€31k€48k▲

Furniture and vehicles24€983€14k▲

Other tangible fixed assets26-€13k

Financial fixed assets28-€570

Current assets29/58€16k€7k▼

Stocks and contracts in progress3-€4k

Stocks30/36-€4k

Amounts receivable within one year40/41€7k€977▼

Other amounts receivable41€7k€977▼

Cash at bank and in hand54/58€8k€2k▼

Deferred charges and accrued income490/1€675€477▼

Equity and liabilities

Total equity and liabilities10/49€731k€899k▲

Equity10/15€257k€174k▼

Contributions10/11€300k€300k=

Profit (loss) carried forward14€-43k€-126k▼

Amounts payable17/49€474k€725k▲

Amounts payable after more than one year17€349k€544k▲

Financial debts170/4€349k€544k▲

Amounts payable within one year42/48€125k€181k▲

Current portion of amounts payable after more than one year42€23k€32k▲

Trade debts44€60k€16k▼

Suppliers440/4€60k€16k▼

Advances received on contracts in progress46-€1k

Taxes, remuneration and social security45-€13k

Taxes450/3-€4k

Remuneration and social security454/9-€9k

Other amounts payable47/48€41k€118k▲

Income statement Code20242025

Remuneration, social security and pensions62-€90k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€62k▲

Other operating charges640/8€1k€2k▲

Gross operating margin9900€-25k€93k▲

Operating profit (loss)9901€-40k€-60k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€3k€22k▲

Recurring financial charges65€3k€22k▲

Profit (loss) for the period before taxes9903€-43k€-83k▼

Profit (loss) for the period9904€-43k€-83k▼

Profit (loss) for the period to be appropriated9905€-43k€-83k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-43k€-126k▼

Profit (loss) brought forward from the previous period14P-€-43k

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 3Gazette 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-09

State Gazette act General meeting · Director resignation

General meeting · Director resignation · Share concentration3 facts ▸

General meeting, 2026-05-11
Director resignation, Sofie Vanderhaeghen (bestuurder)
Share concentration, Melding artikel 2:8, §4 WVV: alle aandelen in één hand verenigd

05-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

13-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 13 days late

State Gazette actNBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2026

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

11-05-2026 Resigned as Director

Location & real-estate footprint

Registered office, Bornem · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Roddam(BOR) 972880 Bornem

Ground area

674 m²

Building footprint

147 m²

Volume, LiDAR