ELEVENTH
ActiveSummary
ELEVENTH has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €635,108 and a net result of €204,061. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 39% of 11,734 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €635,108
- Profit
- €204,061
- FARRIS GiuseppeDirector
- ELEVENTHDirector
Why 95raises risk1 change of registered office in 24 monthslowers riskSize: total assets €1.5mFigures for financial year 2025 (filed 19-06-2026)Liquidity: current ratio 0.75, cash €345,241Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro): better than 40% on solvency, 50% on liquidity, 57% on profitability and 81% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 37 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €500,000equity €635,108 ▲47.3%
- Registered office · Other addressesRegistered-office move · Director in…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 113% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2023 Net result -85% on 2022. Partial demerger to STUDIO FARRIS ARCHITECTS, effective 27-07-2023. The accounts now follow the micro format, last year the abbreviated format.
- 2022 Net result +544% on 2021. The accounts now follow the abbreviated format, last year the micro format.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €6,645 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,729 | €55,191 | €56,699 | €58,989 | €69,587 | €57,529 | €70,938 | €84,783 | ▲ 19.5% |
| Other operating charges640/8 | - | - | - | €4,878 | €3,115 | €3,417 | €5,367 | €4,560 | ▼ 15.0% |
| Gross operating margin9900 | €114,568 | €170,319 | €157,993 | €138,876 | €519,621 | €131,650 | €233,485 | €423,660 | ▲ 81.5% |
| Operating profit (loss)9901 | €47,734 | €109,229 | €96,829 | €75,009 | €440,274 | €70,704 | €157,180 | €334,317 | ▲ 113% |
| Financial income75/76B | - | - | - | €0 | €3,498 | €990 | €0 | €529 | ▲ 2,034× |
| Recurring financial income75 | €1,023 | €23 | - | €0 | €3,498 | €990 | €0 | €529 | ▲ 2,034× |
| Financial charges65/66B | - | - | - | €9,296 | €10,345 | €7,157 | €29,387 | €40,474 | ▲ 37.7% |
| Recurring financial charges65 | €13,236 | €15,138 | €13,350 | €9,296 | €10,345 | €7,157 | €29,387 | €40,474 | ▲ 37.7% |
| Profit (loss) for the period before taxes9903 | €35,522 | €94,114 | €83,479 | €65,713 | €433,428 | €64,537 | €127,794 | €294,372 | ▲ 130% |
| Income taxes67/77 | €8,600 | €20,129 | €24,525 | €19,301 | €134,556 | €18,251 | €37,191 | €90,311 | ▲ 143% |
| Profit (loss) for the period9904 | €26,922 | €73,985 | €58,954 | €46,413 | €298,872 | €46,287 | €90,602 | €204,061 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €26,922 | €73,985 | €58,954 | €46,413 | €298,872 | €46,287 | €90,602 | €204,061 | ▲ 125% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €1.1m | €1.0m | €1.4m | €0.9m | €1.3m | €1.5m | ▲ 16.3% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | €0.6m | €1.2m | €1.1m | ▼ 3.6% |
| Intangible fixed assets21 | - | - | - | €0.008m | €0.006m | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | €0.6m | €1.2m | €1.1m | ▼ 3.6% |
| Land and buildings22 | - | - | - | €0.6m | €0.6m | €0.6m | €1.2m | €1.1m | ▼ 3.6% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.03m | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.09m | €0.07m | - | - | - | - |
| Financial fixed assets28 | €0.004m | €0.008m | €0.008m | €0.008m | €0.005m | - | - | - | - |
| Current assets29/58 | €0.1m | €0.3m | €0.4m | €0.3m | €0.7m | €0.4m | €0.1m | €0.4m | ▲ 170% |
| Amounts receivable within one year40/41 | €0.08m | €0.3m | €0.2m | €0.2m | €0.4m | €0.2m | €0.06m | €0.06m | ▲ 3.0% |
| Trade receivables40 | - | - | - | €0.03m | €0.4m | €0.2m | €0.06m | €0.06m | ▲ 3.0% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.001m | €0.002m | - | - | - |
| Cash at bank and in hand54/58 | €0.05m | €0.006m | €0.1m | €0.1m | €0.3m | €0.1m | €0.09m | €0.3m | ▲ 273% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | €0.04m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €1.1m | €1.0m | €1.4m | €0.9m | €1.3m | €1.5m | ▲ 16.3% |
| Equity10/15 | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | €0.3m | €0.4m | €0.6m | ▲ 47.3% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.007m | €0.007m | €0.007m | = |
| Reserves13 | €0.1m | €0.2m | €0.2m | €0.3m | €0.6m | €0.3m | €0.4m | €0.6m | ▲ 48.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.3m | €0.6m | €0.3m | €0.4m | €0.6m | ▲ 48.2% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.9m | €0.7m | €0.8m | €0.6m | €0.9m | €0.9m | ▲ 1.0% |
| Amounts payable after more than one year17 | €0.6m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 12.1% |
| Financial debts170/4 | - | - | - | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | ▼ 12.2% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.004m | €0.004m | = |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.1m | €0.2m | €0.3m | €0.2m | €0.5m | €0.5m | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.05m | €0.05m | €0.05m | €0.04m | €0.05m | ▲ 4.0% |
| Financial debts43 | - | - | - | €0.03m | €0.09m | €0.02m | €0.02m | €0.03m | ▲ 42.9% |
| Credit institutions430/8 | - | - | - | €0.03m | €0.09m | €0.02m | €0.02m | €0.03m | ▲ 42.9% |
| Trade debts44 | €0.02m | €0.02m | €0.05m | €0.06m | €0.04m | €0.002m | €0.002m | €0.001m | ▼ 75.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.04m | €0.002m | €0.002m | €0.001m | ▼ 75.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.1m | €0.03m | €0.06m | €0.08m | ▲ 44.2% |
| Taxes450/3 | - | - | - | €0.02m | €0.1m | €0.03m | €0.06m | €0.08m | ▲ 44.2% |
| Remuneration and social security454/9 | - | - | - | - | €0.001m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €0.008m | €0.06m | €0.4m | €0.4m | ▲ 5.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.007m | €0.008m | €0.001m | - | €0.003m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,922 | €73,985 | €58,954 | €46,413 | €298,872 | €46,287 | €90,602 | €204,061 | ▲ 125% |
| + Depreciation and write-downs630 | €62,729 | €55,191 | €56,699 | €58,989 | €69,587 | €57,529 | €70,938 | €84,783 | ▲ 19.5% |
| Operating cash flow (approximation) | €89,651 | €129,176 | €115,654 | €105,402 | €368,458 | €103,816 | €161,541 | €288,844 | ▲ 78.8% |
| Investment in fixed assets (approximation) | - | -€48,130 | -€30,487 | -€34,291 | -€20,564 | €32,368 | -€655,424 | -€42,935 | ▲ 93.4% |
| Change in cash | - | -€42,183 | €105,881 | -€5,184 | €217,759 | -€195,066 | -€37,250 | €252,747 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-06-2026 | 2026-00177461 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00146968 |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00149783 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00182128 |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20100970 |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900081 |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23800008 |
| 31-12-2018 | micro format | 18-06-2019 | 2019-19600218 |
| 31-12-2017 | micro format | 22-06-2018 | 2018-22000215 |
| 31-12-2016 | micro format | 29-06-2017 | 2017-26200491 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| ELEVENTHfrom an act |
|
| FARRIS Giuseppe |
|
| Wouters, Van Merode & C° Bedrijfsrevisoren |
|
Owners and capital
Capital and shareholders
- 23-08-2023 Converted to unavailable equity
- 23-08-2023 Capital reduction of €4,998.98 · to €7,401.02 · verhoudingsgewijze verminderd
- 08-05-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
27-10
Gazette deed
Registered office · Other addressesRegistered-office move · Director in office2 facts ▸
- Registered-office move, Otto Veniusstraat 25 te 2000 Antwerpen
- Director in office, Giuseppe Farris (director)
23-08
Gazette deed
Capital & shares · Purpose · Amendment of the articles · Legal-form change · Resignations & appointments · RestructuringAppointment: FARRIS Giuseppe (statutory director) · Capital conversion · Demerger11 facts ▸
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Demerger, “partiële splitsing door oprichting”, 2 (deed in Dutch)
- Capital decrease, €4,998.98
- Amendment of the articles (2 times)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening geheel opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Name change, ELEVENTH
- Purpose change
- Capital
- Director appointment, FARRIS Giuseppe (statutory director) (2 times)
- Registered office clause, “2060 Antwerpen,Duboisstraat 43 bus 11” (deed in Dutch)
- Declaration, “enige aandeelhouder, artikel 2:8 §4 WVV” (deed in Dutch)
08-05
Gazette deed
Restructuring · MiscellaneousAppointments: ELEVENTH (director) and Wouters,Van Merode & C° Bedrijfsrevisoren (statutory auditor) · Permanent representative: Giuseppe Farris · Demerger18 facts ▸
- Demerger, “partiële splitsing door oprichting van een nieuwe vennootschap, bijgevoegde neergelegde bijlage” (deed in Dutch)
- Director in office, Giuseppe Farris (director)
- Name change, ELEVENTH
- Capital, €235,776.35
- Director appointment, ELEVENTH (director)
- Permanent representative, Giuseppe Farris
- Accounting effect, 01-01-2023
- Other provision, “winstdeelname van nieuwe aandelen bij partiële splitsing door oprichting”, 01-01-2023 (deed in Dutch)
- Capital
- Share issue, “bestuursorgaan verkrijgende vennootschap, publicatie splitsingsbesluit in bijlagen Belgisch Staatsblad” (deed in Dutch)
- Other provision, “verslag artikel 12:78 en inbrengverslag artikel 5:7, evenredige uitgifte naar rechten in vermogen” (deed in Dutch)
- Auditor appointment, Wouters,Van Merode & C° Bedrijfsrevisoren
- +6 further facts in this act
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11807G1305/00A004 | Flanders | 782 m² | 1 · 641 m² | 21.6 m · 6 |
| 11803C0269/00G000 | Flanders | 288 m² | 1 · 132 m² | 17.6 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Dvolgens het beheer van een goede huisvader; Ode verrichtingen moeten het voorwerp van de architect-rechtspersoon,zijnde het verlenen van…” (deed in Dutch)
7 activities (deed in Dutch)
- Dvolgens het beheer van een goede huisvader;
- Ode verrichtingen moeten het voorwerp van de architect-rechtspersoon,zijnde het verlenen van diensten die behoren tot de uitoefening van het beroep van architect,dienen en hieraan ondergeschikt en bijkomstig zijn.
- Projectontwikkeling inzake vastgoed met inachtname van de beperkingen en deontologische onverenigbaarheden opgelegd door de Orde van Architecten,waarbij de architect niet kan optreden als projectontwikkelaar-aannemer of als projectontwikkelaar-verkoper die zelf ook bouwwerken uitvoert,zodat de architect te allen tijde voldoet aan zijn deontologische onafhankelijkheid.
- Productontwikkeling in de meest ruime zin.
- Het ontwerpen en commercialiseren van meubels en interieurobjecten,alsook de aan- en verkoop ervan.
- Het houden van lezingen,organisatie van workshops,het geven van coaching.
- Het waarnemen en het uitoefenen van bestuurders- en beleidsfunctie,in andere vennootschappen en/of rechtspersonen dan van uitsluitend professionele aard. Het voorwerp en de activiteiten van deze vennootschappen mogen niet onverenigbaar zijn met de functie van architect. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van extern raadgever of orgaan van de cliënt.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELEVENTH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Enkel wegens wettige reden, algemene vergadering” (deed in Dutch)1 more provision on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed