EQUILIBRIUM
ActiveSummary
EQUILIBRIUM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The latest annual accounts of EQUILIBRIUM were filed more than 90 days after the deadline. The 2025 annual accounts show equity of €13.50M and a net result of €-346k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 5547 sector peers (fiscal year 2025). The company has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Filing: Filed more than 90 days late
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-09-2026, 325 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
325 d late
2024
on the day
2023
92 d late
2022
176 d late
2021
30 d late
2020
12 d early
2019
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€13.50M▲ 3.5%
2024 · €13.04M
2019: €7.23M
2020: €7.22M▼ -0.2% vs 2019lowest in 7 years
2021: €14.74M▲ +104% vs 2020highest in 7 years
2022: €13.72M▼ -7.0% vs 2021
2023: €13.36M▼ -2.6% vs 2022
2024: €13.04M▼ -2.4% vs 2023
2025: €13.50M▲ +3.5% vs 2024
2019 → 2025
Net result
€-346k▼ 9.1%
2024 · €-317k
2019: €62k
2020: €-11k▼ -118% vs 2019
2021: €7.52M▲ +66545% vs 2020highest in 7 years
2022: €-1.03M▼ -114% vs 2021lowest in 7 years
2023: €-366k▲ +64.3% vs 2022
2024: €-317k▲ +13.3% vs 2023
2025: €-346k▼ -9.1% vs 2024
2019 → 2025
Total assets
€21.31M▲ 16.5%
2024 · €18.28M
2019: €11.81Mlowest in 7 years
2020: €13.08M▲ +10.8% vs 2019
2021: €19.44M▲ +48.6% vs 2020
2022: €19.27M▼ -0.9% vs 2021
2023: €17.97M▼ -6.8% vs 2022
2024: €18.28M▲ +1.8% vs 2023
2025: €21.31M▲ +16.5% vs 2024highest in 7 years
2019 → 2025
Solvency
63.4%▼ 8.0pp
2024 · 71.3%
2019: 61.2%
2020: 55.2%▼ -9.9% vs 2019lowest in 7 years
2021: 75.8%▲ +37.4% vs 2020highest in 7 years
2022: 71.2%▼ -6.1% vs 2021
2023: 74.3%▲ +4.4% vs 2022
2024: 71.3%▼ -4.1% vs 2023
2025: 63.4%▼ -11.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14.74M-€13.72M▼ 7.0%€13.36M▼ 2.6%€13.04M▼ 2.4%€13.50M▲ 3.5%
2021: €14.74Mhighest in 5 years
2022: €13.72M▼ -7.0% vs 2021
2023: €13.36M▼ -2.6% vs 2022
2024: €13.04M▼ -2.4% vs 2023lowest in 5 years
2025: €13.50M▲ +3.5% vs 2024
Operating result€481k-€-930k€-61k▲ 93.4%€-38k▲ 38.2%€-310k▼ 719%
2021: €481khighest in 5 years
2022: €-930k▼ -293% vs 2021lowest in 5 years
2023: €-61k▲ +93.4% vs 2022
2024: €-38k▲ +38.2% vs 2023
2025: €-310k▼ -719% vs 2024
Net result€7.52M-€-1.03M€-366k▲ 64.3%€-317k▲ 13.3%€-346k▼ 9.1%
2021: €7.52Mhighest in 5 years
2022: €-1.03M▼ -114% vs 2021lowest in 5 years
2023: €-366k▲ +64.3% vs 2022
2024: €-317k▲ +13.3% vs 2023
2025: €-346k▼ -9.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €310k in 2025 against €38k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.31M
Fixed assets
€15.73M ▲ 14.4%
Current assets
€5.58M ▲ 22.9%
Equity and liabilities €21.31M
Equity
€13.50M ▲ 3.5%
Provisions
€48k ▼ 7.6%
Debt
€7.76M ▲ 49.4%
Debt's share of the balance-sheet total rises from 28.4% to 36.4%. Equity and debt are higher.
Key figures and ratios
ROE
-2.6%▼
2024 · -2.4%
ROA
-1.6%▲
2024 · -1.7%
Debt ≤ 1 year
€3.12M▲
2024 · €2.76M
Debt > 1 year
€4.64M▲
2024 · €2.43M
Income taxes
€-26k▼
2024 · €206k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18.28M€21.31M▲
Fixed assets21/28€13.74M€15.73M▲
Tangible fixed assets22/27€6.97M€6.96M▼
Land and buildings22€6.51M€6.49M▼
Plant, machinery and equipment23€909€4k▲
Furniture and vehicles24€344k€344k▼
Other tangible fixed assets26€122k€122k▼
Financial fixed assets28€6.77M€8.77M▲
Current assets29/58€4.54M€5.58M▲
Amounts receivable after more than one year29€2.75M€3.20M▲
Other amounts receivable291€2.75M€3.20M▲
Stocks and contracts in progress3€54k€54k=
Stocks30/36€54k€54k=
Amounts receivable within one year40/41€1.47M€2.03M▲
Trade receivables40€1.44M€1.69M▲
Other amounts receivable41€24k€344k▲
Current investments50/53€32k-
Cash at bank and in hand54/58€43k€103k▲
Deferred charges and accrued income490/1€196k€183k▼
Equity and liabilities
Total equity and liabilities10/49€18.28M€21.31M▲
Equity10/15€13.04M€13.50M▲
Contributions10/11€3.22M€3.22M=
Revaluation surpluses12€3.45M€4.26M▲
Reserves13€103k€95k▼
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Tax-exempt reserves132€80k€73k▼
Profit (loss) carried forward14€6.27M€5.93M▼
Provisions and deferred taxes16€51k€48k▼
Provisions for liabilities and charges160/5€10k€10k=
Environmental obligations163€10k€10k=
Deferred taxes168€41k€38k▼
Amounts payable17/49€5.19M€7.76M▲
Amounts payable after more than one year17€2.43M€4.64M▲
Financial debts170/4€2.43M€4.64M▲
Amounts payable within one year42/48€2.76M€3.12M▲
Current portion of amounts payable after more than one year42€189k€527k▲
Financial debts43€200k€680k▲
Credit institutions430/8€200k€680k▲
Trade debts44€1.30M€1.49M▲
Suppliers440/4€1.30M€1.49M▲
Advances received on contracts in progress46€34k€34k=
Taxes, remuneration and social security45€686k€377k▼
Taxes450/3€686k€336k▼
Remuneration and social security454/9-€41k
Other amounts payable47/48€353k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€534k€336k▼
Other operating charges640/8€743€644▼
Gross operating margin9900€497k€27k▼
Operating profit (loss)9901€-38k€-310k▼
Financial income75/76B€51€39k▲
Recurring financial income75€51€39k▲
Financial charges65/66B€77k€105k▲
Recurring financial charges65€77k€105k▲
Profit (loss) for the period before taxes9903€-115k€-376k▼
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€206k€-26k▼
Profit (loss) for the period9904€-317k€-346k▼
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€-310k€-338k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.27M€5.93M▼
Profit (loss) brought forward from the previous period14P€6.58M€6.27M▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €62k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148k | €284k | €271k | €534k | €336k | ▼ 37.1% |
| Other operating charges640/8 | - | €64k | €1k | €743 | €644 | ▼ 13.3% |
| Non-recurring operating charges66A | - | €870k | €505k | - | - | - |
| Gross operating margin9900 | €636k | €288k | €716k | €497k | €27k | ▼ 94.6% |
| Operating profit (loss)9901 | €481k | €-930k | €-61k | €-38k | €-310k | ▼ 719% |
| Financial income75/76B | - | €69k | €1 | €51 | €39k | ▲ 76,129% |
| Recurring financial income75 | €4k | €69k | €1 | €51 | €39k | ▲ 76,129% |
| Financial charges65/66B | - | €126k | €134k | €77k | €105k | ▲ 36.5% |
| Recurring financial charges65 | €115k | €126k | €134k | €77k | €105k | ▲ 36.5% |
| Profit (loss) for the period before taxes9903 | €7.62M | €-987k | €-195k | €-115k | €-376k | ▼ 227% |
| Transfer from deferred taxes780 | - | €8k | €4k | €4k | €4k | = |
| Income taxes67/77 | €98k | €47k | €175k | €206k | €-26k | ▼ 113% |
| Profit (loss) for the period9904 | €7.52M | €-1.03M | €-366k | €-317k | €-346k | ▼ 9.1% |
| Transfer from tax-exempt reserves789 | - | €15k | €8k | €8k | €8k | = |
| Profit (loss) for the period to be appropriated9905 | €7.52M | €-1.01M | €-358k | €-310k | €-338k | ▼ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €19.44M | €19.27M | €17.97M | €18.28M | €21.31M | ▲ 16.5% |
| Formation expenses20 | €5k | €3k | €2k | - | - | - |
| Fixed assets21/28 | €13.73M | €13.67M | €13.91M | €13.74M | €15.73M | ▲ 14.4% |
| Tangible fixed assets22/27 | €6.96M | €6.90M | €7.14M | €6.97M | €6.96M | ▼ 0.1% |
| Land and buildings22 | - | €6.36M | €6.60M | €6.51M | €6.49M | ▼ 0.2% |
| Plant, machinery and equipment23 | - | €3k | €55k | €909 | €4k | ▲ 389% |
| Furniture and vehicles24 | - | €410k | €361k | €344k | €344k | ▼ 0.1% |
| Other tangible fixed assets26 | - | €122k | €122k | €122k | €122k | ▼ 0.2% |
| Financial fixed assets28 | €6.77M | €6.77M | €6.77M | €6.77M | €8.77M | ▲ 29.4% |
| Current assets29/58 | €5.71M | €5.60M | €4.06M | €4.54M | €5.58M | ▲ 22.9% |
| Amounts receivable after more than one year29 | - | €2.75M | €2.75M | €2.75M | €3.20M | ▲ 16.6% |
| Other amounts receivable291 | - | €2.75M | €2.75M | €2.75M | €3.20M | ▲ 16.6% |
| Stocks and contracts in progress3 | - | €870 | €870 | €54k | €54k | = |
| Stocks30/36 | - | €870 | €870 | €54k | €54k | = |
| Amounts receivable within one year40/41 | €2.55M | €2.78M | €1.22M | €1.47M | €2.03M | ▲ 38.7% |
| Trade receivables40 | - | €1.59M | €1.13M | €1.44M | €1.69M | ▲ 17.2% |
| Other amounts receivable41 | - | €1.19M | €92k | €24k | €344k | ▲ 1,310% |
| Current investments50/53 | €32k | €32k | €32k | €32k | - | - |
| Cash at bank and in hand54/58 | €350k | €17k | €31k | €43k | €103k | ▲ 142% |
| Deferred charges and accrued income490/1 | - | €18k | €21k | €196k | €183k | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €19.44M | €19.27M | €17.97M | €18.28M | €21.31M | ▲ 16.5% |
| Equity10/15 | €14.74M | €13.72M | €13.36M | €13.04M | €13.50M | ▲ 3.5% |
| Contributions10/11 | - | €3.21M | €3.22M | €3.22M | €3.22M | = |
| Revaluation surpluses12 | - | €3.45M | €3.45M | €3.45M | €4.26M | ▲ 23.5% |
| Reserves13 | €133k | €118k | €110k | €103k | €95k | ▼ 7.4% |
| Non-distributable reserves130/1 | - | €22k | €22k | €22k | €22k | = |
| Reserves not available under the articles1311 | - | €22k | €22k | €22k | €22k | = |
| Tax-exempt reserves132 | - | €96k | €88k | €80k | €73k | ▼ 9.5% |
| Profit (loss) carried forward14 | €7.95M | €6.94M | €6.58M | €6.27M | €5.93M | ▼ 5.4% |
| Provisions and deferred taxes16 | €67k | €59k | €55k | €51k | €48k | ▼ 7.6% |
| Provisions for liabilities and charges160/5 | - | €10k | €10k | €10k | €10k | = |
| Environmental obligations163 | - | €10k | €10k | €10k | €10k | = |
| Deferred taxes168 | - | €49k | €45k | €41k | €38k | ▼ 9.5% |
| Amounts payable17/49 | €4.63M | €5.49M | €4.56M | €5.19M | €7.76M | ▲ 49.4% |
| Amounts payable after more than one year17 | €2.45M | €1.75M | €2.66M | €2.43M | €4.64M | ▲ 90.6% |
| Financial debts170/4 | - | €1.75M | €2.66M | €2.43M | €4.64M | ▲ 90.6% |
| Amounts payable within one year42/48 | €2.18M | €3.75M | €1.89M | €2.76M | €3.12M | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €211k | €186k | €189k | €527k | ▲ 179% |
| Financial debts43 | - | - | - | €200k | €680k | ▲ 240% |
| Credit institutions430/8 | - | - | - | €200k | €680k | ▲ 240% |
| Trade debts44 | €529k | €552k | €881k | €1.30M | €1.49M | ▲ 15.0% |
| Suppliers440/4 | - | €552k | €881k | €1.30M | €1.49M | ▲ 15.0% |
| Advances received on contracts in progress46 | - | €373k | €66k | €34k | €34k | = |
| Taxes, remuneration and social security45 | - | €313k | €523k | €686k | €377k | ▼ 45.0% |
| Taxes450/3 | - | €313k | €523k | €686k | €336k | ▼ 51.0% |
| Remuneration and social security454/9 | - | - | - | - | €41k | - |
| Other amounts payable47/48 | - | €2.30M | €238k | €353k | €10k | ▼ 97.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7.52M | €-1.03M | €-366k | €-317k | €-346k | ▼ 9.1% |
| + Depreciation and write-downs630 | €148k | €284k | €271k | €534k | €336k | ▼ 37.1% |
| Operating cash flow (approximation) | €7.67M | €-742k | €-95k | €217k | €-10k | ▼ 105% |
| Investment in fixed assets (approximation) | - | €-226k | €-511k | €-369k | €-2.32M | ▼ 529% |
| Change in cash | - | €-333k | €14k | €12k | €61k | ▲ 422% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 325 days late
31-08
State Gazette act
General meeting · Capital
Corporate purpose · Statutes amendment · VAN HAMME Emmanuelle
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 176 days late
2022
31-03
Financial
Weakest financial yearnet €-1.03M
Net result drops to €-1.03M, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
31-03
Financial
Back to profitnet €7.52M
Net result €7.52M after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 2.62
Current ratio from 0.99 to 2.62; short-term debt falls from €2.61M to €2.18M.
31-03
Financial
Equity above €10MEq €14.74M ▲104%
Equity rises from €7.22M to €14.74M.
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2004
Ground area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
EQUILIBRIUM
since 20042.136.845.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 5,214 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-2004
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.