Etappe39

Active

Private limited companyfounded 2025active for 1 yearSterrestraat 39, 9160 Lokeren, BelgiumKBO/BCE: BE 1018.957.779

Summary

Etappe39 has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,303 and a net result of €5,803. Its solvency ranks better than 58% of 2,555 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Etappe39ActiveChecked score 97/100

Risk analysis Report Compare

Activity

Sports and recreation education

NACE 85510

1 site

Size

€15,450total assets 2025

Equity: €8,303
Profit: €5,803

Turnover not published (micro format)

Financial health

97 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

Accounts 3 days early0 of 1 deed read

Why 97raises riskFounded in 2025lowers riskSector: Education (NACE 85)Liquidity: current ratio 2.33, cash €8,529Figures for financial year 2025 (filed 28-07-2026)Show the evidence

Checked score

Score 2025

97 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 72% of its sector peers (NACE 85, micro)

Every signal that counts is listed under Signals.

Financial strength

Strong

Solvency 79

equity 53.7% of total assets

Liquidity 79

short-term debt 42.8% · cash 55.2%

Profitability 100

return on assets 37.6%

Bankruptcy probability, 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).

Sector median 0.1% (3,795 companies, NACE 85, micro)

Last 24 months 02-2026: 0.4% 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €500 on 30-day terms is acceptable

Liquidity ample (current ratio 2.33; short-term debt: 42.8% and cash: 55.2% of total assets), and 46.3% of the assets are financed with debt.

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 85, micro): better than 56% on solvency, 70% on liquidity and 90% on profitability.

The bankruptcy probability was computed on 10-10-2026 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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