Equity
EPOS18 paid out €2.0m in dividends. That is 114,083% of the 2025 profit.
EPOS18 paid out €2.0m in dividends. That is 114,083% of the 2025 profit.
The result fell in 2025 from €527,030 to €1,784.
Of this, €1.8m falls due within a year.
Green is investment, beige is depreciation.
Short-term debts rose from €777,137 to €1.8m.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, small). It does better than 32% of them on solvency, 90% on liquidity, 15% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 2,372 companies had the same profile as EPOS18 has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EPOS18 itself is lower: < 0.1% within 12 months. It rests on far more data about EPOS18 than the profile alone.
The method was tested on the 497,447 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 2,372 companies, not a prediction for EPOS18. 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.
Liquidity is ample, with a current ratio of 2.88 (10.49 in 2024), above the usual 1.5. Short-term debt is 34.5% and cash 35.5% of total assets. However, 76.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Shares in 1 company, ClaraT Land
Board & ownership| Company | ||||
|---|---|---|---|---|
| EPOS18 Antwerp | €5.2m | -€0.009m | 23.7% | - |
| Venly Willebroek | €5.0m | -€1.4m | 96.4% | 4.3 |
| Oper Credits Antwerp | €4.6m | -€1.9m | 34.2% | 3.6 |
| EconoDigital Antwerp | €6.0m | -€0.03m | 98.6% | 1 |
| Aloxy Antwerp | €6.0m | -€0.6m | 86.0% | 12.4 |
| VoxelSensors Brussels | €5.8m | -€0.02m | 35.7% | 10.4 |
| Afriwise Ixelles | €5.7m | -€0.3m | 34.9% | 2 |
These companies have the same main activity as EPOS18: computer programming (NACE 62100). They are comparable in size and age: total assets between €4.6m and €6m, founded between 2017 and 2020.
EPOS18 files the abbreviated format. That format states no turnover. The gross margin fell from €57,666 in 2019 to -€9,453 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Higher than 31% of 3,405 companies in 2025.
Higher than 66% of 3,266 companies in 2025.
Higher than 26% of 3,314 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
5.2m | 8.2m | 7.4m | 5.6m | 4.0m | 2.2m | 311,005 | |
21/28 |
28,971 | 59,556 | 60,919 | 65,930 | 63,019 | 53,100 | 272,740 | |
22/27 |
28,971 | 3,346 | 4,709 | 9,720 | 13,029 | 17,850 | 10,240 | |
24 |
28,971 | 3,346 | 4,709 | 9,720 | 13,029 | 17,850 | 10,240 | |
28 |
0 | 56,210 | 56,210 | 56,210 | 49,990 | 35,250 | 262,500 | |
29/58 |
5.1m | 8.1m | 7.3m | 5.5m | 3.9m | 2.1m | 38,265 | |
29 |
2.8m | 5.2m | 4.7m | 3.4m | 955,334 | - | - | |
290 |
- | - | - | - | 955,334 | - | - | |
291 |
2.8m | 5.2m | 4.7m | 3.4m | - | - | - | |
40/41 |
42,756 | 144,701 | 323,391 | 26,316 | 96,022 | 15,474 | 5,179 | |
40 |
31,763 | 133,100 | 149,414 | - | - | 15,474 | - | |
41 |
10,993 | 11,601 | 173,977 | 26,316 | 96,022 | - | 5,179 | |
50/53 |
500,000 | 2.8m | 2.2m | 1.9m | 1.7m | 460,812 | - | |
54/58 |
1.8m | 60,176 | 134,817 | 166,350 | 1.2m | 1.6m | 33,086 | |
490/1 |
82 | - | - | - | - | 634 | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
5.2m | 8.2m | 7.4m | 5.6m | 4.0m | 2.2m | 311,005 | |
10/15 |
1.2m | 3.3m | 2.9m | 3.0m | 3.0m | 2.0m | 29,592 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | |
13 |
528,814 | 527,030 | - | - | - | - | 1,860 | |
130 |
- | - | - | - | - | - | 1,860 | |
133 |
528,814 | 527,030 | - | - | - | - | - | |
14 |
676,903 | 2.7m | 2.9m | 3.0m | 3.0m | 2.0m | 9,132 | |
17/49 |
3.9m | 5.0m | 4.5m | 2.5m | 1.0m | 110,193 | 281,414 | |
17 |
2.2m | 4.2m | 4.1m | 2.4m | 1.0m | - | - | |
170/4 |
2.2m | 4.2m | 4.1m | 2.4m | 1.0m | - | - | |
42/48 |
1.8m | 777,137 | 428,364 | 138,653 | 188 | 110,193 | 275,355 | |
44 |
26,634 | 19,704 | 111,082 | 36,950 | - | 79 | - | |
440/4 |
26,634 | 19,704 | 111,082 | 36,950 | - | 79 | - | |
45 |
56,949 | 74,160 | 24,230 | 0 | 188 | 17,614 | 12,855 | |
450/3 |
56,949 | 74,160 | 24,230 | 0 | 188 | 9,761 | 8,525 | |
454/9 |
- | - | - | - | - | 7,854 | 4,330 | |
47/48 |
1.7m | 683,273 | 293,052 | 101,702 | - | 92,500 | 262,500 | |
492/3 |
- | - | - | - | - | - | 6,059 | |
| Income statement | ||||||||
9900 |
-9,453 | 58,933 | 85,423 | -40,254 | 29,216 | 104,387 | 57,666 | |
62 |
- | 0 | 1,875 | 14 | 31,843 | 99,933 | 34,204 | |
630 |
8,139 | 2,857 | 5,011 | 4,854 | 4,821 | 2,963 | 2,560 | |
640/8 |
120 | 118 | 109 | 0 | 348 | - | - | |
9901 |
-17,712 | 55,959 | 78,428 | -45,122 | -7,796 | 1,491 | 20,902 | |
75/76B |
264,172 | 708,756 | 210,012 | 200,276 | 966,862 | 2.0m | - | |
75 |
264,172 | 708,756 | 210,012 | 200,276 | 40,220 | 2.0m | - | |
76B |
- | - | - | - | 926,642 | - | - | |
65/66B |
243,611 | 201,541 | 368,744 | 115,012 | 16,691 | 10,781 | 6,188 | |
65 |
243,611 | 201,541 | 194,389 | 115,012 | 16,691 | 10,781 | 6,188 | |
66B |
- | - | 174,355 | - | - | - | - | |
9903 |
2,849 | 563,173 | -80,303 | 40,142 | 942,375 | 2.0m | 14,714 | |
67/77 |
1,065 | 36,143 | 16,981 | 0 | 3,250 | 188 | 3,722 | |
9904 |
1,784 | 527,030 | -97,284 | 40,142 | 939,124 | 2.0m | 10,992 | |
9905 |
1,784 | 527,030 | -97,284 | 40,142 | 939,124 | 2.0m | 10,992 | |
| Appropriation of the result | ||||||||
9906 |
2.7m | 3.4m | 2.9m | 3.0m | 3.0m | 2.0m | 10,992 | |
14P |
2.7m | 2.9m | 3.0m | 3.0m | 2.0m | - | - | |
791/2 |
- | - | - | - | - | 1,860 | - | |
691/2 |
1,784 | 527,030 | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 1,860 | |
6921 |
1,784 | 527,030 | - | - | - | - | - | |
694/7 |
2.0m | 200,000 | - | - | - | - | - | |
694 |
2.0m | 200,000 | - | - | - | - | - | |
| Social balance sheet | ||||||||
9087 |
- | - | - | - | 0.3 | 1 | 1 | |
Hours worked1013 |
- | - | - | - | 266 | 794 | 562 | |
| Document | ||||||||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-07-2026 | 2026-00337428 | |
| 31-12-2024 | abbreviated format | 26-06-2025 | 2025-00189879 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00383920 | |
| 31-12-2022 | abbreviated format | 01-08-2023 | 2023-00301482 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20164460 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-57400230 | |
| 31-12-2019 | micro format | 18-06-2020 | 2020-18000168 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| -9,573 | 58,815 | 83,439 | -40,268 | -2,975 | 4,454 | 23,462 | ||
| 9,922 | 529,887 | -92,274 | 44,996 | 943,945 | 2.0m | 13,552 | ||
| 33,764 | 1,493 | 0 | 7,765 | 49,990 | 45,823 | 275,300 | ||
| 1.8m | -74,641 | -31,533 | -1.0m | -446,751 | 1.6m | - | ||
| 3.4m | 7.4m | 6.9m | 5.4m | 3.9m | 2.0m | -237,089 | ||
| 23.7% | 39.7% | 39.6% | 54.4% | 74.9% | 94.9% | 9.5% | ||
| 2.88 | 10.49 | 17.15 | 39.67 | - | 19.11 | 0.14 | ||
| 3.23 | 1.52 | 1.53 | 0.84 | 0.33 | 0.05 | 9.51 | ||
| 0.1% | 16.2% | -3.3% | 1.3% | 31.4% | 98.6% | 37.1% | ||
| 0.0% | 6.4% | -1.3% | 0.7% | 23.6% | 93.5% | 3.5% | ||
| -0.04 | 0.29 | 0.43 | -0.35 | -0.18 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2021 |
|---|---|
| 0.3 | |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €33,764 | €1,493 | - | €1,545 | - |
| Financial fixed assets | - | - | - | €6,220 | €49,990 |
| €8,139 | €2,857 | €5,011 | €4,854 | €4,821 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €17,712, after a profit of €55,959 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 60.3% to 76.3%. Equity and debt are lower.
Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.
| LIVING IN FUNKY ENVIRONMENTS
registered office since 01-03-1940 · founded in 1940 |
turnover €1.8m (2025) 0404.837.814 |
| iO Belgium
establishment since 01-07-2024 · founded in 2003 |
429 FTE (2025) 0861.085.232 |
| LIFEWORLD.BE
registered office since 26-11-1997 · founded in 1997 |
total assets €77.0m (2025) 0461.878.267 |
| LIFE Ganda Land
registered office since 17-05-2019 · founded in 2019 |
total assets €45.8m (2025) 0726.863.659 |
| PELCKMANS UITGEVERS
establishment since 01-01-2016 · founded in 1991 · group Amusing ourselves |
94 FTE (2025) 0444.548.723 |
| Life.be
registered office since 05-12-2019 · founded in 2019 · group LIVING IN FUNKY ENVIRONMENTS |
turnover €1.8m (2025) 0738.769.123 |
| Panenka
registered office since 31-07-2014 · founded in 2014 |
21 FTE (2025) 0556.984.688 |
| LAND FOR LIFE
registered office since 12-05-2011 · founded in 2011 |
total assets €26.0m (2025) 0836.263.922 |
| GORILLINI
registered office since 03-01-2019 · founded in 2019 |
40 FTE (2025) 0717.600.654 |
| Craftzing Group
registered office since 06-08-2018 · founded in 2018 |
73 FTE (2025) 0700.660.692 |
| Craftzing Group via Savuka, no longer at Craftzing Group · Director · deed of 12-12-2018 founded in 2018 |
73 FTE (2025) |
| MNS TWO via Savuka, no longer at MNS TWO · Director · deed of 31-05-2023 No longer active |
total assets €2.8m (2023) |
EPOS18 or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 23 January 2019, EPOS18 was incorporated.1 The registered office moved to Grimbergen in 2019 and to Antwerp in 2022.23 Of the 2 current board members, PEETERS Elke has served longest, since 2019.4 Total assets went from €311,005 in 2019 to €5.2m in 2025 and headcount from 1 full-time equivalents in 2019 to 0.3 in 2021.5
| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 271 registered office 2018 Antwerp | 23-01-2019 | 2.284.346.040 |
| 01-08-2022 | Discontinued | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 06-07-2022 · project 2022075598 | Grimbergen |
| 30-06-2022 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Ontbossen submitted 02-03-2022 · project 2022031710 | Keerbergen |
| 21-01-2022 | Discontinued | Bouwen of herbouwen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Ontbossen submitted 25-12-2021 · project 2021180068 | Keerbergen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1354/00X009 | 3,241 m² | 1 · 2,607 m² | 60.1 m · 4 |
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