F11
ActiveSummary
F11 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111,594 and a net result of €26,752. Equity is growing by ~35.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 10.63 against 8.59 in 2024; short-term debt: 9.3% and cash: 87.4% of total assets), and 9.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.6%
Return on assets
21.7%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 d early
2024
14 d early
2023
2 d early
2022
22 d early
2021
10 d early
2020
7 d early
2019
18 d early
← 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 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€111,594▲ 31.5%
2024 · €84,842
Total assets
€123,179▲ 28.1%
2024 · €96,127
Net result
€26,752▼ 16.4%
2024 · €32,002
Working capital
€110,507▲ 30.1%
2024 · €84,933
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,633▲ 62.7%€15,434▲ 233%€24,772▲ 60.5%€44,092▲ 78.0%€36,931▼ 16.2%
Net result€2,916within the sector's middle half▲ 124%€10,794within the sector's middle half▲ 270%€17,690within the sector's middle half▲ 63.9%€32,002within the sector's middle half▲ 80.9%€26,752within the sector's middle half▼ 16.4%
Equity€24,357within the sector's middle half▲ 13.6%€35,151within the sector's middle half▲ 44.3%€52,840within the sector's middle half▲ 50.3%€84,842within the sector's middle half▲ 60.6%€111,594within the sector's middle half▲ 31.5%
Total assets€38,884below the sector's middle half▼ 12.6%€49,754below the sector's middle half▲ 28.0%€64,513within the sector's middle half▲ 29.7%€96,127within the sector's middle half▲ 49.0%€123,179within the sector's middle half▲ 28.1%
Debt€14,527▼ 37.0%€14,603▲ 0.5%€11,673▼ 20.1%€11,285▼ 3.3%€11,585▲ 2.7%
Working capital€23,805▲ 17.5%€35,151▲ 47.7%€52,859▲ 50.4%€84,933▲ 60.7%€110,507▲ 30.1%
Solvency62.6%within the sector's middle half▲ 14.4pp70.6%within the sector's middle half▲ 8.0pp81.9%above the sector's middle half▲ 11.3pp88.3%above the sector's middle half▲ 6.4pp90.6%above the sector's middle half▲ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123,179
Fixed assets
€1,195
Current assets
€121,984
Equity and liabilities €123,179
Equity
€111,594 ▲ 31.5%
Debt
€11,585 ▲ 2.7%
Debt's share of the balance-sheet total falls from 11.7% to 9.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,388
Cash flow
€27,209
Current ratio
10.63▲
2024 · 8.59
Debt to equity
0.10▼
2024 · 0.13
ROE
24.0%▼
2024 · 37.7%
ROA
21.7%▼
2024 · 33.3%
Interest coverage
887.66
Debt ≤ 1 year
€11,477▲
2024 · €11,194
Income taxes
€10,622▼
2024 · €12,435
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €45,923 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,157 | €5,157 | - | - | €457 | - |
| Other operating charges640/8 | €513 | €517 | €924 | €577 | €593 | ▲ 2.8% |
| Gross operating margin9900 | €10,303 | €21,108 | €25,696 | €44,669 | €37,982 | ▼ 15.0% |
| Operating profit (loss)9901 | €4,633 | €15,434 | €24,772 | €44,092 | €36,931 | ▼ 16.2% |
| Financial income75/76B | - | - | €70 | €385 | €485 | ▲ 26.0% |
| Recurring financial income75 | - | - | €70 | €385 | €485 | ▲ 26.0% |
| Financial charges65/66B | €253 | €168 | €85 | €40 | €42 | ▲ 6.1% |
| Recurring financial charges65 | €253 | €168 | €85 | €40 | €42 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €4,380 | €15,267 | €24,757 | €44,437 | €37,374 | ▼ 15.9% |
| Income taxes67/77 | €1,464 | €4,473 | €7,067 | €12,435 | €10,622 | ▼ 14.6% |
| Profit (loss) for the period9904 | €2,916 | €10,794 | €17,690 | €32,002 | €26,752 | ▼ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €2,916 | €10,794 | €17,690 | €32,002 | €26,752 | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,884 | €49,754 | €64,513 | €96,127 | €123,179 | ▲ 28.1% |
| Fixed assets21/28 | €5,157 | - | - | - | €1,195 | - |
| Tangible fixed assets22/27 | €5,157 | - | - | - | €1,195 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,195 | - |
| Furniture and vehicles24 | €5,157 | - | - | - | - | - |
| Current assets29/58 | €33,726 | €49,754 | €64,513 | €96,127 | €121,984 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €7,127 | €9,312 | €7,291 | €10,874 | €12,734 | ▲ 17.1% |
| Trade receivables40 | €5,748 | €9,312 | €7,291 | €10,874 | €12,711 | ▲ 16.9% |
| Other amounts receivable41 | €1,380 | - | - | - | €23 | - |
| Cash at bank and in hand54/58 | €25,172 | €39,080 | €55,737 | €83,732 | €107,639 | ▲ 28.6% |
| Deferred charges and accrued income490/1 | €1,426 | €1,362 | €1,485 | €1,521 | €1,611 | ▲ 5.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,884 | €49,754 | €64,513 | €96,127 | €123,179 | ▲ 28.1% |
| Equity10/15 | €24,357 | €35,151 | €52,840 | €84,842 | €111,594 | ▲ 31.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €11,957 | €22,751 | €40,440 | €72,442 | €99,194 | ▲ 36.9% |
| Non-distributable reserves130/1 | €450 | €450 | - | - | - | - |
| Reserves not available under the articles1311 | €450 | €450 | - | - | - | - |
| Distributable reserves133 | €11,507 | €22,301 | €40,440 | €72,442 | €99,194 | ▲ 36.9% |
| Amounts payable17/49 | €14,527 | €14,603 | €11,673 | €11,285 | €11,585 | ▲ 2.7% |
| Amounts payable after more than one year17 | €4,605 | - | - | - | - | - |
| Financial debts170/4 | €4,605 | - | - | - | - | - |
| Amounts payable within one year42/48 | €9,921 | €14,603 | €11,654 | €11,194 | €11,477 | ▲ 2.5% |
| Current portion of amounts payable after more than one year42 | €4,522 | €4,605 | - | - | - | - |
| Trade debts44 | €216 | €7 | €767 | €56 | €245 | ▲ 338% |
| Suppliers440/4 | €216 | €7 | €767 | €56 | €245 | ▲ 338% |
| Taxes, remuneration and social security45 | €2,650 | €6,966 | €5,786 | €8,198 | €6,129 | ▼ 25.2% |
| Taxes450/3 | €2,650 | €6,966 | €5,786 | €8,198 | €6,129 | ▼ 25.2% |
| Other amounts payable47/48 | €2,533 | €3,025 | €5,101 | €2,940 | €5,102 | ▲ 73.5% |
| Accrued charges and deferred income492/3 | - | - | €19 | €91 | €108 | ▲ 19.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,916 | €10,794 | €17,690 | €32,002 | €26,752 | ▼ 16.4% |
| + Depreciation and write-downs630 | €5,157 | €5,157 | - | - | €457 | - |
| Operating cash flow (approximation) | €8,073 | €15,951 | €17,690 | €32,002 | €27,209 | ▼ 15.0% |
| Change in cash | - | €13,907 | €16,657 | €27,995 | €23,907 | ▼ 14.6% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €111,594 ▲31.5%
8 profitable years in a row build equity to €111,594.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €32,002 ▲80.9%
Operating result €44,092, net result €32,002, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Knokke-Heist · 1 establishment unit since 2017
Ground area
124 m²
Building footprint
105 m²
Volume, LiDAR
1,618 m³
Parcel 31334B0464/00F000, Flanders · tallest building 18.5 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
F11
since 20172.264.271.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0464/00F000 | Flanders | 124 m² | 1 · 105 m² | 18.5 m · 6 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.
Similar companies · same sector, comparable size
CERROM
BE 0803.246.409
Affligem · Eq €111,551
Erven & Wonen
BE 0789.680.760
Leuven · Eq €111,675
Bulba
BE 1017.887.316
Herentals · Eq €111,470
Yolovest
BE 0685.974.201
Watermaal-Bosvoorde · Eq €111,408
Wiemar
BE 0843.758.854
Hasselt · Eq €111,810
Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 7,186 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
Founded08-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0675517304
Registered
29-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.