EQ-OS
ActiveSummary
EQ-OS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,862 and a net result of €65. Equity has been growing by about 27% per year since 2023. Its solvency ranks better than 31% of 20,700 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-05-2023 Normal situation
- Activity
- General medical practice NACE 86210and 1 other
- Establishment unit
- 2.347.205.208 2440 Geel, since 30-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €7,236
- ▼ 70.6%
- Turnover
- ≈ €46,000
- estimated
- Profit
- €65
- ▼ 99.4%
- Equity
- €20,862
- ▲ 0.3%
- Total assets
- €54,819
- ▼ 24.2%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts filed 24 days after the deadline
Score breakdownlowers riskSector: Human health activities (NACE 86)Liquidity: current ratio 0.93, cash €10,311, halvedSize: total assets €54,819Figures for financial year 2025 (filed on 24-08-2026)Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 24% of micro companies in human health (NACE 86)
Financial strength · tick: 2024
Average
Solvency
63+9
equity 38.1% of total assets
Liquidity
41-21
short-term debt 61.9% · cash 18.8%
Profitability
69-19
return on assets 0.1%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.1%▼ -0.6 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (0.74 in 2024), below 1. Short-term debt is 61.9% and cash 18.8% of total assets. 61.9% of the assets are financed with debt and provisions.
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 86, micro). It does better than 31% of them on solvency, 10% on liquidity, 13% on profitability and 39% 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).
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
24 days late
2024
55 days late
2023
64 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 48 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 September (3 of the last 3 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 24 days after the deadline Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00417490.
Annual accounts 2025 filed on 24-08-2026 at the NBB all 3 filings
Turnover
≈ €46,000
Estimated: probably between €31,000 and €76,000
Total assets
€54,819▼ 24.2%
2024 · €72,284
Net result
€65▼ 99.4%
2024 · €11,209
Working capital
-€2,542▲ 81.1%
2024 · -€13,482
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€3,705
▼ 76.8%
2025
20232025
Net result
€65
▼ 99.4%
2025
lowest quarter of the sector
20232025
Equity
€20,862
▲ 0.3%
2025
lowest quarter of the sector
20232025
Total assets
€54,819
▼ 24.2%
2025
lowest quarter of the sector
20232025
Debt
€33,957
▼ 34.0%
2025
20232025
Working capital
-€2,542
▲ 81.1%
2025
lowest quarter of the sector
20232025
Solvency
38.1%
▲ 9.3pp
2025
middle half of the sector
20232025
Current ratio
0.93
▲ 0.19
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
0.1%
▼ 15.4pp
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€5,732-€16,002▲ 179%€3,705▼ 76.8%
Net result€3,588below the sector's middle half-€11,209below the sector's middle half▲ 212%€65below the sector's middle half▼ 99.4%
Equity€9,588below the sector's middle half-€20,797below the sector's middle half▲ 117%€20,862below the sector's middle half▲ 0.3%
Total assets€79,515below the sector's middle half-€72,284below the sector's middle half▼ 9.1%€54,819below the sector's middle half▼ 24.2%
Debt€69,927-€51,487▼ 26.4%€33,957▼ 34.0%
Working capital-€21,606below the sector's middle half--€13,482below the sector's middle half▲ 37.6%-€2,542below the sector's middle half▲ 81.1%
Solvency12.1%below the sector's middle half-28.8%below the sector's middle half▲ 16.7pp38.1%within the sector's middle half▲ 9.3pp
Current ratio0.63below the sector's middle half-0.74below the sector's middle half▲ 0.100.93below the sector's middle half▲ 0.19
Return on assets (ROA)4.5%below the sector's middle half-15.5%within the sector's middle half▲ 11.0pp0.1%below the sector's middle half▼ 15.4pp
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 77% lower than in 2024 and the lowest since 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,819
Fixed assets
€23,404 ▼ 31.7%
Current assets
€31,415 ▼ 17.3%
Equity and liabilities €54,819
Equity
€20,862 ▲ 0.3%
Debt
€33,957 ▼ 34.0%
Debt's share of the balance-sheet total falls from 71.2% to 61.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,058▼
2024 · €23,660
Cash flow
€3,418▼
2024 · €18,867
Debt to equity
1.63▼
2024 · 2.48
ROE
0.3%▼
2024 · 53.9%
Interest coverage
18.05▲
2024 · 17.19
Debt ≤ 1 year
€33,957▼
2024 · €51,487
Income taxes
€1,442▼
2024 · €3,417
Staff costs
€58
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €45,147 | - | €7,542 |
| Depreciation and write-downs of the year | €3,210 | €7,658 | €3,353 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €58 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,210 | €7,658 | €3,353 | ▼ 56.2% |
| Other operating charges640/8 | €475 | €954 | €120 | ▼ 87.4% |
| Gross operating margin9900 | €9,417 | €24,614 | €7,236 | ▼ 70.6% |
| Operating profit (loss)9901 | €5,732 | €16,002 | €3,705 | ▼ 76.8% |
| Financial income75/76B | - | €0 | €6 | ▲ 17× |
| Recurring financial income75 | - | €0 | €6 | ▲ 17× |
| Financial charges65/66B | €885 | €1,376 | €2,204 | ▲ 60.1% |
| Recurring financial charges65 | €885 | €1,376 | €391 | ▼ 71.6% |
| Non-recurring financial charges66B | - | - | €1,813 | - |
| Profit (loss) for the period before taxes9903 | €4,847 | €14,626 | €1,507 | ▼ 89.7% |
| Income taxes67/77 | €1,259 | €3,417 | €1,442 | ▼ 57.8% |
| Profit (loss) for the period9904 | €3,588 | €11,209 | €65 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | €3,588 | €11,209 | €65 | ▼ 99.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €79,515 | €72,284 | €54,819 | ▼ 24.2% |
| Fixed assets21/28 | €41,937 | €34,278 | €23,404 | ▼ 31.7% |
| Tangible fixed assets22/27 | €41,937 | €34,278 | €23,404 | ▼ 31.7% |
| Plant, machinery and equipment23 | - | - | €3,222 | - |
| Furniture and vehicles24 | €22,677 | €16,152 | €4,029 | ▼ 75.1% |
| Other tangible fixed assets26 | €19,259 | €18,126 | €16,153 | ▼ 10.9% |
| Current assets29/58 | €37,578 | €38,006 | €31,415 | ▼ 17.3% |
| Amounts receivable within one year40/41 | €25,686 | €3,563 | €15,954 | ▲ 348% |
| Trade receivables40 | €4,326 | €3,563 | €13,904 | ▲ 290% |
| Other amounts receivable41 | €21,359 | €0 | €2,050 | - |
| Cash at bank and in hand54/58 | €10,881 | €29,586 | €10,311 | ▼ 65.1% |
| Deferred charges and accrued income490/1 | €1,011 | €4,857 | €5,150 | ▲ 6.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €79,515 | €72,284 | €54,819 | ▼ 24.2% |
| Equity10/15 | €9,588 | €20,797 | €20,862 | ▲ 0.3% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | = |
| Reserves13 | - | €14,797 | €14,797 | = |
| Distributable reserves133 | - | €14,797 | €14,797 | = |
| Profit (loss) carried forward14 | €3,588 | €0 | €65 | - |
| Amounts payable17/49 | €69,927 | €51,487 | €33,957 | ▼ 34.0% |
| Amounts payable after more than one year17 | €10,743 | €0 | - | - |
| Financial debts170/4 | €10,743 | €0 | - | - |
| Amounts payable within one year42/48 | €59,184 | €51,487 | €33,957 | ▼ 34.0% |
| Current portion of amounts payable after more than one year42 | €11,246 | €10,743 | - | - |
| Trade debts44 | €46,533 | €4,263 | €3,424 | ▼ 19.7% |
| Suppliers440/4 | €46,533 | €4,263 | €3,424 | ▼ 19.7% |
| Taxes, remuneration and social security45 | €1,404 | €4,507 | €4,859 | ▲ 7.8% |
| Taxes450/3 | €1,404 | €4,507 | €4,859 | ▲ 7.8% |
| Other amounts payable47/48 | - | €31,974 | €25,674 | ▼ 19.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,588 | €11,209 | €65 | ▼ 99.4% |
| + Depreciation and write-downs630 | €3,210 | €7,658 | €3,353 | ▼ 56.2% |
| Operating cash flow (approximation) | €6,798 | €18,867 | €3,418 | ▼ 81.9% |
| Investment in fixed assets (approximation) | - | €0 | €7,521 | - |
| Change in cash | - | €18,704 | -€19,275 | - |
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, 2,546 companies had the same profile as EQ-OS has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
3.2%
stopped otherwise
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EQ-OS itself is lower: 0.1% within 12 months. It rests on far more data about EQ-OS 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 2,546 companies, not a prediction for EQ-OS. 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
Directors
1 director, no change since 2023
LAENEN,Geert
Current
Director (not named in the articles) · since 30-05-2023 · term without a fixed end · listed in the 2024 annual accounts, filed on 24-09-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De statuten kunnen bepalen dat de bestuurders een collegiaal bestuursorgaan vormen. De statuten kunnen de bevoegdheden van dit collegiaal…”
deed of 01-06-2023Owners and capital
Shareholders
At incorporation
act of 01-06-2023 ↗
- LAENEN,Geert 600 shares (100%) · in cash
Capital transactions
Capital over time
- 01-06-2023 Incorporation · €6,000 · 600 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1.Aantal – Benoeming, Bestuur en vertegenwoordiging”
Articles of association, deed of 01-06-2023 (in Dutch)
Network & group
EQ-OS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of EQ-OS. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
24-08
micro format · 24 days late
2025
31-12
Financial
Weakest financial yearnet €65 ▼99.4%
The net result drops to €65, the lowest from 2023 to 2025.
24-09
micro format · 55 days late
2024
31-12
Financial
Highest result from 2023 to 2025net €11,209 ▲212%
The operating result of €16,002 and the net result of €11,209 are both a record.
03-10
micro format · 64 days late
2023
01-06
Gazette deed
IncorporationStarting capital €6,000 · Appointment: LAENEN,Geert (director) · Founder5 points ▸
Gazette deed
Incorporation
Starting capital €6,000 · Appointment: LAENEN,Geert (director) · Founder5 points ▸
- Incorporation, 30-05-2023
- Founder, LAENEN,Geert
- Founding capital, €6,000
- Bank account, “stortingen, bijzondere rekening op naam van vennootschap in oprichting” (deed in Dutch)
- Director appointment, LAENEN,Geert (director (not named in the articles))
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
EQ-OS in Dutch
Enterprise number
0802.220.484
Legal form
Private limited company
Status
Active, normale toestand
Founded
30-05-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-06-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, 2440 Geel,Gerststraat 2B”
deed of 01-06-2023 (in Dutch)Registered office and establishments
Registered office
Gerststraat 2B, 2440 Geel, Belgium
Establishment unit
EQ-OS, Gerststraat 2B, 2440 Geel since 30-05-2023 · unit number 2.347.205.208
Activities
NACEBEL 202586210
General medical practice main activity
93127
Equestrian clubs
Codes under NACEBEL 2008
86210
General medical practice main activity
93127
Equestrian clubs
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 01-06-2023 (in Dutch)
“Consultancy en management activiteiten; Uitbaten van kinesistenpraktijk,verstrekken van diensten in verband met fysiotherapie,behandelen van…”
19 activities
- Consultancy en management activiteiten
- Uitbaten van kinesistenpraktijk,verstrekken van diensten in verband met fysiotherapie,behandelen van mobiliteitsstoornissen,orthopedische manuele therapieën,verstrekken van massages en aanverwante therapieën en alle met het kinesistenberoep aanverwante en niet-onverenigbare disciplines
- Het uitbaten van een centrum voor fysische fitheid en conditiegymnastiek,zoals ten titel van inlichtingen zonder dat deze opsomming een beperking inhoudt;persoonlijke lichaamsontwikkeling,body building,power training,aerobic,gymnastiek,stretching,relaxatie-oefeningen,verzorgen van alle daarmee verwant houdende activiteiten
- Alle wellness en esthetische behandelingen in de ruimste zin van het woord
- Dieetadvies en dieetbehandeling
- De uitoefening van de osteopathie,ostheopathische behandelingstechnieken,alle andere en/of klassieke geneeswijzen en alle met het osteopatenberoep aanverwante en niet-onverenigbare disciplines,dit in de meest ruime zin
- Het verlenen van advies inzake voormelde activiteiten
- Het doceren van osteopathie,osteopathische behandelingstechnieken,alle andere en/of klassieke geneeswijzen en alle met het osteopatenberoep aanverwante en niet-onverenigbare disciplines aan studenten,medici en/of paramedici
- De samenwerking met andere personen uit alle medische en paramedische beroepen
- Het verrichten van wetenschappelijk onderzoek
- Het ter beschikking stellen van alle nodige middelen voor de uitoefening van de beroepsactiviteit,de aankoop,het huren en/of leasen van alle apparatuur en accomodaties,gebouwen,kortom van een volledige materiële infrastructuur,om deze ter beschikking te stellen van de vennoten,het scheppen van de mogelijkheden om de vennoten toe te laten zich verder te bekwamen in de osteopathie en/of andere alternatieve en/of klassieke geneeswijzen
- Paardenosteopathie
- De uitbating van een paardenstoeterij,dit is het verhuren en onderhouden van zowel eigen- als pensionpaarden
- De handel in paarden in de ruimste zin
- De handel in paardenmateriaal en -uitrusting
- Het geven van opleiding en lessen in paardrijden en dressuur
- Het organiseren van wedstrijden en evenementen met de paardensport
- De uitbating van een cafetaria
- Het beheer,het verwerven,de instandhouding en valorisatie van een eigen onroerend vermogen;de huurfinanciering van onroerende goederen aan derden en ook alle handelingen die van aard zijn de opbrengst van onroerende goederen te bevorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borgstellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
Invoicing and payment
VAT number
BE 0802.220.484
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00
deed of 01-06-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
443 m²
Building footprint
120 m²
Building volume
832 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13008H0823/00G004 | Flanders | 443 m² | 1 · 120 m² | 11.8 m · 2 |