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EQUIP'

Active
Public limited companyfounded 1993active for 32 yearsRue d'Abhooz 31, 4040 Herstal, Belgium47 active companies are registered at this addressKBO/BCE: BE 0451.141.852
Summary

The computed 12-month bankruptcy probability of EQUIP' is 4.5% (elevated). The 2025 annual accounts show negative equity (-€185,429) and a net result of -€747,975. Equity is growing by about 8.5% per year across the filed financial years. Its solvency ranks better than 13% of 312 sector peers (NACE 78, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Temporary employment agencies and other provision of personnel
NACE 78200
3rd largest employer in the province of Liège, Employment activities sector4 sites
Size
€34.9mturnover 2025
Staff
613.3 FTE
Equity
-€185,429
Loss
-€747,975
Financial health
36 Weak Checked score 2025
Bankruptcy probabilitywithin 12 months
4.5%
Structure
Parent
GROUPE EQUIP' · 100%
Accounts 17 days early3 of 22 deeds read
Why 36raises riskNegative equity -€185,429Loss of €747,975, the second in a row (financial year 2025)Liquidity: current ratio 1.08, cash €190,945, halvedSize: turnover €34.9m, 613.3 FTE, total assets €5.0mShow the evidence

Checked score

Score 2025
36 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 13% of its sector peers (NACE 78, large)
Financial strength · tick = 2024
Weak
Solvency 21-13
equity -3.7% of total assets
Liquidity 6-14
short-term debt 87.7% · cash 3.8%
Profitability 5-11
return on assets -14.9%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (70 companies, NACE 78, large)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.5%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.5%▼ -0.3 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.4%▼ -0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026lowest value 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 4.4%▲ +4.0 percentage points vs 07-2026 09-2026: 4.4%● unchanged vs 08-2026 10-2026: 4.5%▲ +0.1 percentage points vs 09-2026highest value
No credit on open account
Liquidity tight (current ratio 1.08, compared with 1.1 in 2024, below the usual 1.5; short-term debt: 87.7% and cash: 3.8% of total assets), and equity is negative.
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 78, large): better than 3% on solvency, 9% on liquidity, 3% on profitability and 36% on growth.

The bankruptcy probability was computed on 17-10-2026 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

Six signals.
raises riskneutral
raises risk · Negative equity -€185,429
NBB · annual accounts
raises risk · Loss of €747,975, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.08, cash €190,945, halved
NBB · annual accounts
raises risk · Size: turnover €34.9m, 613.3 FTE, total assets €5.0m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€185,429
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
23 days early
2023
34 days early
2022
28 days early
2021
32 days early
2020
37 days early
2019
73 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 78) for financial year 2024 is 14 days before the deadline, and 30% 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 3 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & shares · Amendment of…Capital increase · Share issue…
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€185,429 View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€747,975 View
  • Caution: Result fell in 2025from -€300,932 to -€747,975 ▼ 149% View
  • Caution: Among the weakest 5% on net resultsector median €39,897 · 313 companies -€747,975 View
  • Controlled by GROUPE EQUIP' 100% View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

By topic

Financials

Financial year
2025
Turnover
€34.9m
Loss
-€747,975
Solvency
-3.7%
Turnover▲ 7.0%
Net result
20182025
Go to Financials

Timeline

Events
37
Since
1995
Next accounts
by 31-07-2027
  1. 03-06-2025Resignations & appointments
  2. 10-10-2024Appointment: REWISE SRL (statutory auditor)
  3. 27-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
4
Legal form
Public limited company
Activity
Temporary employment agencies and other provision of personnelNACE 78200
Founded
19-10-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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