END2END
ActiveSummary
END2END has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,194 and a net result of €48,451. Equity has been shrinking by about 11% per year since 2023. Its solvency ranks better than 33% of 39,275 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-11-2022 Normal situation
- Registered office
- 109 active companies are registered at this address 9 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Business and other management consultancy NACE 70200and 4 others
- Establishment units
- 2.338.165.105 1000 Brussel, since 15-11-2022
- 2.338.165.204 1880 Kapelle-op-den-Bos, since 15-11-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 17-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €71,472
- ▲ 343%
- Turnover
- ≈ €150,000
- estimated
- Profit
- €48,451
- ▲ 484%
- Equity
- €37,194
- ▼ 33.1%
- Total assets
- €107,249
- ▲ 22.3%
- €25,831 of overdue tax debts on 30-09-2025
- 2025 accounts filed 4 days after the deadline
Score breakdownlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €107,249Liquidity: current ratio 1.37, cash €19,056, halvedFigures for financial year 2025 (filed on 04-05-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 34% of them on solvency, 18% on liquidity, 84% on profitability and 17% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 1 day after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 4 days after the deadline Filed on 4 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00100090.
Annual accounts 2025 filed on 04-05-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is over 4.5 times that of 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Overdue debts
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Overdue tax debts | - | €13,483 | €25,831 |
Source: notes to the 2023 to 2025 annual accounts (statement of debts)
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €2,130 | - | €12,797 |
| Depreciation and write-downs of the year | €200 | €710 | €2,150 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €200 | €710 | €2,150 | ▲ 203% |
| Other operating charges640/8 | €561 | €462 | €1,618 | ▲ 251% |
| Gross operating margin9900 | €56,570 | €16,139 | €71,472 | ▲ 343% |
| Operating profit (loss)9901 | €55,809 | €14,967 | €67,704 | ▲ 352% |
| Financial income75/76B | €0 | €0 | €86 | ▲ 658× |
| Recurring financial income75 | €0 | €0 | €86 | ▲ 658× |
| Financial charges65/66B | €53 | €3,120 | €5,551 | ▲ 77.9% |
| Recurring financial charges65 | €53 | €3,120 | €5,551 | ▲ 77.9% |
| Profit (loss) for the period before taxes9903 | €55,756 | €11,848 | €62,238 | ▲ 425% |
| Income taxes67/77 | €13,483 | €3,547 | €13,787 | ▲ 289% |
| Profit (loss) for the period9904 | €42,273 | €8,301 | €48,451 | ▲ 484% |
| Profit (loss) for the period to be appropriated9905 | €42,273 | €8,301 | €48,451 | ▲ 484% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €82,657 | €87,664 | €107,249 | ▲ 22.3% |
| Fixed assets21/28 | €1,930 | €1,220 | €11,867 | ▲ 873% |
| Tangible fixed assets22/27 | €1,930 | €1,220 | €11,867 | ▲ 873% |
| Furniture and vehicles24 | €1,930 | €1,220 | €510 | ▼ 58.2% |
| Other tangible fixed assets26 | - | - | €11,357 | - |
| Current assets29/58 | €80,727 | €86,444 | €95,383 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €52,785 | €39,236 | €76,209 | ▲ 94.2% |
| Trade receivables40 | €52,785 | €17,520 | €76,209 | ▲ 335% |
| Other amounts receivable41 | - | €21,716 | - | - |
| Cash at bank and in hand54/58 | €27,842 | €47,108 | €19,056 | ▼ 59.5% |
| Deferred charges and accrued income490/1 | €100 | €100 | €117 | ▲ 17.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €82,657 | €87,664 | €107,249 | ▲ 22.3% |
| Equity10/15 | €47,273 | €55,573 | €37,194 | ▼ 33.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €42,273 | €50,573 | €32,194 | ▼ 36.3% |
| Amounts payable17/49 | €35,384 | €32,091 | €70,055 | ▲ 118% |
| Amounts payable within one year42/48 | €35,171 | €31,800 | €69,755 | ▲ 119% |
| Financial debts43 | - | - | €735 | - |
| Credit institutions430/8 | - | - | €735 | - |
| Trade debts44 | €4,505 | €2,198 | €3,677 | ▲ 67.3% |
| Suppliers440/4 | €4,505 | €2,198 | €3,677 | ▲ 67.3% |
| Taxes, remuneration and social security45 | €22,348 | €29,602 | €55,317 | ▲ 86.9% |
| Taxes450/3 | €22,348 | €29,602 | €50,873 | ▲ 71.9% |
| Remuneration and social security454/9 | - | - | €4,445 | - |
| Other amounts payable47/48 | €8,318 | - | €10,025 | - |
| Accrued charges and deferred income492/3 | €213 | €291 | €300 | ▲ 3.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,273 | €8,301 | €48,451 | ▲ 484% |
| + Depreciation and write-downs630 | €200 | €710 | €2,150 | ▲ 203% |
| Operating cash flow (approximation) | €42,473 | €9,011 | €50,601 | ▲ 462% |
| Investment in fixed assets (approximation) | - | €0 | -€12,797 | - |
| Change in cash | - | €19,266 | -€28,052 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as END2END has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of END2END itself is lower: 0.1% within 12 months. It rests on far more data about END2END than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for END2END. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- AMANY MWARABU Michel 100 shares (100%) · €5,000 in cash
Capital transactions
- 17-11-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitie cedant moitie acquereurs proportionnellement, organe administration”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 17-11-2022 (in French)
Network & group
END2END shares no director with another company.
Companies at the same address
108 other companies- STEFEA Registered office · since 2026 1042697936
- TIMI SOLUTIONS Registered office · since 2026 1042296276
- Evigway Registered office · since 2026 1029095368
- Scholen Op Maat Registered office · since 2026 1039727954
- CIOC Energy Establishment · since 2026 1000187586
- Women in Nuclear Belgium Registered office · since 2026 1038256029
- VITAL PRO Registered office · since 2026 1037474188
- GISOCOM CONSTRUCT Registered office · since 2026 0795445035
- ARQAAM Registered office · since 2026 1035646432
- ZENITH FOOD Registered office · since 2026 1034194994
Connections & network
1 current directorThe network starts from the directors of END2END. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-11
Gazette deed
IncorporationStarting capital €5,000 · Appointment: AMANY MWARABU Michel (administrateur non statutaire) · Founder10 points ▸
- Founder, AMANY MWARABU Michel (comparant)
- Incorporation, 10-11-2022
- Founding capital, €5,000
- Bank account, 5000, “dépôt des versements” (deed in French)
- Capital
- General meeting, “comparant reuni en assemblee generale, depot greffe expedition acte constitutif” (deed in French)
- Registered office clause, “1000 Bruxelles, Boulevard Albert II”, 4 (deed in French)
- Board rule, 1
- Director appointment, AMANY MWARABU Michel (administrateur non statutaire)
- Pre-incorporation commitments, “takeover, engagements obligations activites nom compte societe formation” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 15 November 2022, END2END was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 AMANY MWARABU Michel is administrateur non statutaire of the company, appointed in the act of 17-11-2022.2 Total assets went from €82,657 in 2023 to €107,249 in 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21813A0484/00G000 | Brussels | 9,776 m² | 1 · 3,052 m² | 61.6 m · 9 |
| 23067B0058/00L000 | Flanders | 356 m² | 1 · 227 m² | 12.9 m · 3 |