EQUITES2 (0798.338.902): annual accounts, directors and company register

EQUITES2

Ghent ·KBO/BCE: BE 0798.338.902

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%

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%

Line	2025	2024	2023
Balance sheet: assets
Total assets`20/58`	33.3m	26.3m	14.9m
Fixed assets`21/28`	32.7m	26.0m	8.0m
Tangible fixed assets`22/27`	32.7m	26.0m	8.0m
Land and buildings`22`	32.7m	13.8m	739,775
Furniture and vehicles`24`	20,954	27,954	34,954
Assets under construction and advance payments`27`	0	12.2m	7.2m
Current assets`29/58`	596,142	334,021	6.9m
Amounts receivable within one year`40/41`	150,450	896	843,000
Trade receivables`40`	150,450	896	843,000
Cash at bank and in hand`54/58`	81,706	315,308	6.1m
Deferred charges and accrued income`490/1`	363,986	17,818	1,043
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	33.3m	26.3m	14.9m
Equity`10/15`	4.3m	246,411	79,916
Contributions`10/11`	4.9m	400,000	100,000
Profit (loss) carried forward`14`	-646,111	-153,589	-20,084
Amounts payable`17/49`	29.1m	26.1m	14.8m
Amounts payable after more than one year`17`	27.6m	-	-
Financial debts`170/4`	21.4m	-	-
Other amounts payable`178/9`	6.2m	-	-
Amounts payable within one year`42/48`	1.4m	26.0m	14.8m
Current portion of amounts payable after more than one year`42`	512,000	-	-
Financial debts`43`	0	18.7m	9.9m
Credit institutions`430/8`	0	18.7m	9.9m
Trade debts`44`	877,491	1.9m	1.2m
Suppliers`440/4`	877,491	1.9m	1.2m
Other amounts payable`47/48`	0	5.4m	3.8m
Accrued charges and deferred income`492/3`	61,958	64,500	22,951
Income statement
Gross operating margin`9900`	742,690	191,282	6,114
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	343,364	78,509	46
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	33,298	-	-
Other operating charges`640/8`	197,251	36,112	6,835
Operating profit (loss)`9901`	168,777	76,662	-768
Financial income`75/76B`	66	-	-
Recurring financial income`75`	66	-	-
Financial charges`65/66B`	661,361	210,167	19,316
Recurring financial charges`65`	661,361	210,167	19,316
Profit (loss) for the period before taxes`9903`	-492,518	-133,505	-20,084
Income taxes`67/77`	4	-	-
Profit (loss) for the period`9904`	-492,522	-133,505	-20,084
Profit (loss) for the period to be appropriated`9905`	-492,522	-133,505	-20,084
Appropriation of the result
Profit (loss) to be appropriated`9906`	-646,111	-153,589	-20,084
Profit (loss) brought forward from the previous period`14P`	-153,589	-20,084	-
Social balance sheet
Average staff (FTE)`9087`	0	0	0
Document	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	01-04-2026	2026-00073731	PDF
30-09-2024	abbreviated format	20-03-2025	2025-00052432	PDF
30-09-2023	abbreviated format	18-03-2024	2024-00045082	PDF

Line	2025	2024	2023
EBITDA	512,141	155,171	-722
Cash flow	-149,158	-54,996	-20,037
Investment in fixed assets	7.1m	18.1m	8.0m
Change in cash	-233,602	-5.8m	-
Working capital	-793,350	-25.7m	-7.9m
Solvency	12.8%	0.9%	0.5%
Current ratio	0.43	0.01	0.47
Debt to equity	6.83	-	-
ROE	-11.6%	-54.2%	-25.1%
ROA	-1.5%	-0.5%	-0.1%
Interest coverage	0.77	0.74	-0.04

Item	30-09-2025	30-09-2024	30-09-2023
Debts secured on the company's own assets	€21.9m	€18.7m	€9.9m
Mortgages, amount registered	€27,500	€27,500	€27,500
Mortgage mandates	€24.1m	€24.7m	€24.7m
Carrying value of the mortgaged assets	€32.7m	€26.0m	€8.0m

Item	30-09-2025	30-09-2024	30-09-2023
Tangible fixed assets	€7.1m	€18.1m	€8.0m
Depreciation and write-downs of the year	€343,364	€78,509	€46

RECURRENT registered office since 02-10-2017 · founded in 2017 · group ALIV GROUP	total assets €62.0m (2025) 0681.999.575
ALIV GROUP registered office since 08-12-2015 · founded in 2015	11 FTE (2025) 0643.776.429
Equites1 registered office since 26-08-2022 · founded in 2022 · group ALIV GROUP	total assets €36.5m (2025) 0790.124.287
EQUITES HOLDING registered office since 21-10-2022 · founded in 2022 · group ALIV GROUP	total assets €34.9m (2025) 0792.762.192
CITYNEST registered office since 23-03-2007 · founded in 2007 · group ALIV GROUP	turnover €28.7m (2025) 0887.584.543
Equites3 registered office since 24-04-2024 · founded in 2024 · group ALIV GROUP	total assets €26.8m (2025) 1008.664.990
ALIV registered office since 02-05-2023 · founded in 2023 · group ALIV GROUP	total assets €23.9m (2025) 0801.342.734
EQUITES4 registered office since 14-07-2023 · founded in 2023 · group ALIV GROUP	total assets €16.0m (2025) 0803.990.339
EQUITES5 registered office since 22-08-2024 · founded in 2024 · negative equity (2025) · group ALIV GROUP	total assets €6.4m (2025) 1012.706.724
Equites6 registered office since 23-06-2021 · founded in 2021 · negative equity (2024) · group ALIV GROUP · accounts filed late	total assets €6.3m (2024) 0769.991.542

Overview

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