FACTOR
ActiveSummary
FACTOR has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €447k and a net result of €60k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 37% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+4
Solvency68▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.17 in 2024; short-term debt: 28.1% and cash: 13.3% of total assets), but 57.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
42.7%
Return on assets
5.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
30 d late
2024
47 d late
2023
61 d late
2022
26 d late
2021
30 d late
2020
28 d late
2019
101 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€447k▼ 17.0%
2024 · €538k
2019: €405k
2020: €577k
2021: €618k
2022: €616k
2023: €676k
2024: €538k
2019 → 2025
Total assets
€1.05M▼ 2.1%
2024 · €1.07M
2019: €694k
2020: €838k
2021: €858k
2022: €901k
2023: €1.11M
2024: €1.07M
2019 → 2025
Net result
€60k▲ 118%
2024 · €27k
2019: €151k
2020: €172k
2021: €65k
2022: €42k
2023: €60k
2024: €27k
2019 → 2025
Working capital
€153k▼ 32.9%
2024 · €228k
2019: €388k
2020: €536k
2021: €517k
2022: €395k
2023: €409k
2024: €228k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€618k-€616k▼ 0.4%€676k▲ 9.8%€538k▼ 20.3%€447k▼ 17.0%
Operating result€93k-€63k▼ 32.3%€98k▲ 56.3%€65k▼ 33.6%€94k▲ 44.2%
Net result€65k-€42k▼ 35.6%€60k▲ 42.7%€27k▼ 54.4%€60k▲ 118%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€599k ▼ 7.4%
Current assets
€447k ▲ 5.9%
Equity and liabilities €1.05M
Equity
€447k ▼ 17.0%
Debt
€599k ▲ 12.9%
Debt's share of the balance-sheet total rises from 49.7% to 57.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€138k▲
2024 · €105k
Cash flow
€104k▲
2024 · €68k
Current ratio
1.52▼
2024 · 2.17
Debt to equity
1.34▲
2024 · 0.99
ROE
13.4%▲
2024 · 5.1%
ROA
5.7%▲
2024 · 2.6%
Interest coverage
15.24▲
2024 · 6.71
Debt ≤ 1 year
€294k▲
2024 · €194k
Debt > 1 year
€305k▼
2024 · €337k
Income taxes
€26k▲
2024 · €23k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.07M€1.05M▼
Fixed assets21/28€647k€599k▼
Tangible fixed assets22/27€647k€599k▼
Land and buildings22€617k€578k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€26k€18k▼
Current assets29/58€422k€447k▲
Amounts receivable after more than one year29€3k€30k▲
Other amounts receivable291€3k€30k▲
Amounts receivable within one year40/41€48k€60k▲
Trade receivables40€43k€55k▲
Other amounts receivable41€6k€6k=
Current investments50/53€202k€217k▲
Cash at bank and in hand54/58€169k€139k▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€1.05M▼
Equity10/15€538k€447k▼
Contributions10/11€20k€20k=
Reserves13€518k€427k▼
Distributable reserves133€518k€427k▼
Amounts payable17/49€531k€599k▲
Amounts payable after more than one year17€337k€305k▼
Financial debts170/4€337k€305k▼
Amounts payable within one year42/48€194k€294k▲
Current portion of amounts payable after more than one year42€31k€31k▲
Trade debts44€78€2k▲
Suppliers440/4€78€2k▲
Taxes, remuneration and social security45€13k€23k▲
Taxes450/3€13k€23k▲
Other amounts payable47/48€150k€237k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€44k▲
Other operating charges640/8€9k€3k▼
Gross operating margin9900€114k€141k▲
Operating profit (loss)9901€65k€94k▲
Financial income75/76B€899€1k▲
Recurring financial income75€899€1k▲
Financial charges65/66B€16k€9k▼
Recurring financial charges65€16k€9k▼
Profit (loss) for the period before taxes9903€50k€86k▲
Income taxes67/77€23k€26k▲
Profit (loss) for the period9904€27k€60k▲
Profit (loss) for the period to be appropriated9905€27k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€60k▲
Transfer from equity791/2€165k€151k▼
Transfer to equity691/2€27k€60k▲
To other reserves6921€27k€60k▲
Profit to be distributed694/7€165k€151k▼
Return on contributions (dividend)694€165k€151k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Weakest financial yearnet €27k ▼54.4%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Highest result since 2019net €172k ▲13.9%
Operating result €252k, net result €172k, both a record.
31-12
Financial
Equity above €500kEq €577k ▲42.4%
2 profitable years in a row build equity to €577k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Menen · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Akkerwindestraat 138930 MenenGround area
827 m²
Building footprint
119 m²
Volume, LiDAR
1 m³
Parcel 34372C0272/00T003, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
FACTOR
since 20152.239.605.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372C0272/00T003 | Flanders | 827 m² | 1 · 119 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 819 EUR awarded · 1,621 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 263 EUR | 210 EUR |
| 2023 | 1 | 113 EUR | 968 EUR |
| 2022 | 1 | 443 EUR | 443 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DECOCK GEERT - BOEKHOUDINGSKANTOOR
BE 0454.200.025
Wervik · Eq €446,543
ADB Adviesverlening
BE 0416.964.396
Berlaar · Eq €446,154
AGRA CONSULTING SERVICES
BE 0442.967.425
Herent · Eq €446,121
ACCOUNTANTSKANTOOR RYDANT
BE 0875.156.071
Gent · Eq €447,704
Mats Mertens
BE 0722.990.983
Mol · Eq €447,712
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,629 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2015
Fiscal year end31-12
Trade name NL
ACCOUNTANTSKANTOOR JO VANDECASTEELE
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.