Factor 10
ActiveSummary
Factor 10 has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €490,257. Equity is growing by about 42% per year across the filed financial years. Its solvency ranks better than 65% of 11,221 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €1.4m
- Profit
- €490,257
- Parent
- LK-Patrimonium · 55%
- Holdings
- 1
- LK-PatrimoniumDirector · permanent representative Kustermans,Yasmine
- NOORDHEUVEL PATRIMONIUMDirector · permanent representative Van Hoof Ilse
Why 97raises riskLiquidity: current ratio 1.34, cash €22,507lowers riskSize: total assets €2.9mFigures for financial year 2025 (filed 30-06-2026)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small): better than 67% on solvency, 60% on liquidity, 90% on profitability and 90% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 3 accounts on average 44 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: Noordheuvel Patrimonium BV (director)Permanent representatives: Van Hoof Ilse…
- Highest result from 2023 to 2025net €490,257 ▲73.4%
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is over 3.1 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €50,355 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,135 | - | - | - |
| Other operating charges640/8 | €1,189 | €3,010 | €2,140 | ▼ 28.9% |
| Gross operating margin9900 | €148,733 | €10,957 | €26,962 | ▲ 146% |
| Operating profit (loss)9901 | €124,409 | €7,947 | €24,822 | ▲ 212% |
| Financial income75/76B | - | €319,831 | €490,000 | ▲ 53.2% |
| Recurring financial income75 | - | €240,000 | €490,000 | ▲ 104% |
| Non-recurring financial income76B | - | €79,831 | - | - |
| Financial charges65/66B | €82,220 | €42,521 | €24,703 | ▼ 41.9% |
| Recurring financial charges65 | €82,220 | €42,521 | €24,703 | ▼ 41.9% |
| Profit (loss) for the period before taxes9903 | €42,189 | €285,257 | €490,119 | ▲ 71.8% |
| Income taxes67/77 | - | €2,445 | -€139 | - |
| Profit (loss) for the period9904 | €42,189 | €282,813 | €490,257 | ▲ 73.4% |
| Profit (loss) for the period to be appropriated9905 | €42,189 | €282,813 | €490,257 | ▲ 73.4% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €2.9m | €2.5m | €2.9m | ▲ 13.2% |
| Fixed assets21/28 | €2.8m | €2.5m | €2.5m | = |
| Tangible fixed assets22/27 | €0.4m | - | - | - |
| Land and buildings22 | €0.4m | - | - | - |
| Financial fixed assets28 | €2.5m | €2.5m | €2.5m | = |
| Current assets29/58 | €0.04m | €0.08m | €0.4m | ▲ 418% |
| Amounts receivable within one year40/41 | €0.02m | €0.04m | €0.4m | ▲ 810% |
| Trade receivables40 | €0.004m | €0.001m | €10 | ▼ 98.8% |
| Other amounts receivable41 | €0.02m | €0.04m | €0.4m | ▲ 829% |
| Cash at bank and in hand54/58 | €0.02m | €0.04m | €0.02m | ▼ 39.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €2.9m | €2.5m | €2.9m | ▲ 13.2% |
| Equity10/15 | €0.6m | €0.9m | €1.4m | ▲ 53.0% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.04m | €0.3m | €0.8m | ▲ 151% |
| Distributable reserves133 | €0.04m | €0.3m | €0.8m | ▲ 151% |
| Amounts payable17/49 | €2.2m | €1.6m | €1.5m | ▼ 9.7% |
| Amounts payable after more than one year17 | €1.9m | €1.4m | €1.1m | ▼ 17.0% |
| Financial debts170/4 | €1.9m | €1.4m | €1.1m | ▼ 17.0% |
| Other amounts payable178/9 | €0.009m | - | - | - |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.3m | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | €0.2m | €0.2m | €0.3m | ▲ 10.6% |
| Trade debts44 | €0.002m | - | - | - |
| Suppliers440/4 | €0.002m | - | - | - |
| Other amounts payable47/48 | €0.1m | €146 | €0.05m | ▲ 362× |
| Accrued charges and deferred income492/3 | €0.001m | - | €0.002m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,189 | €282,813 | €490,257 | ▲ 73.4% |
| + Depreciation and write-downs630 | €23,135 | - | - | - |
| Operating cash flow (approximation) | €65,324 | €282,813 | €490,257 | ▲ 73.4% |
| Investment in fixed assets (approximation) | - | €373,187 | €0 | ▼ 100% |
| Change in cash | - | €18,424 | -€14,480 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00221008 |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00109548 |
| 31-12-2023 | abbreviated format | 26-06-2024 | 2024-00167406 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LK-Patrimonium |
|
| NOORDHEUVEL PATRIMONIUM |
|
Owners and capital
Owners
2 ownersChain of control
- LK-Patrimonium
- Factor 10
Highest known parent: LK-Patrimonium. The sources do not say who stands above it.
Owners 2
- LK-Patrimoniumparent55%
-
45%
According to the 2024 annual accounts of Factor 10 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- NOORDHEUVEL PATRIMONIUM (BE 0407.908.457) 450 shares (45%) · €270,000
- LK-Patrimonium (BE 0697.930.044) 550 shares (55%) · €330,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 14-06-2022 Incorporation · €600,000 · 1,000 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- SCHOTEN DOE - HET - ZELFsubsidiaryEquity €1.5mResult €338,239100%
According to the 2024 annual accounts of Factor 10 and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
27-02
Gazette deed
Resignation: Noordheuvel Patrimonium BV (director)Permanent representatives: Van Hoof Ilse and Kustermans Yasmine · Director discharge5 facts ▸
- General meeting, 02-01-2026
- Director resignation, Noordheuvel Patrimonium BV (director)
- Director discharge, Noordheuvel Patrimonium BV
- Permanent representative, Van Hoof Ilse
- Permanent representative, Kustermans Yasmine
14-06
Gazette deed
IncorporationAppointments: NOORDHEUVEL PATRIMONIUM (statutory director) and LK-Patrimonium (statutory director) · Permanent representatives: Van Hoof,Ilse Eliza Frans and Kustermans,Yasmine · Founder15 facts ▸
- Incorporation, “Factor 10” (deed in Dutch)
- Founder, NOORDHEUVEL PATRIMONIUM
- Director in office, Van Hoof,Ilse Eliza Frans (director (not named in the articles))
- Other provision, “overeenkomstig de statuten, vertegenwoordiging voor oprichtingsakte” (deed in Dutch) (2 times)
- Founder, LK-Patrimonium
- Other provision, “statutenwijzigingen status, nog niet gewijzigd tot op heden” (deed in Dutch)
- Director in office, Kustermans,Yasmine (director (not named in the articles))
- Share issue, 1000, “als vergoeding voor de inbrengen” (deed in Dutch)
- Founding capital, €600,000
- Bank account, “ING bank”, 600000 (deed in Dutch)
- Director appointment, NOORDHEUVEL PATRIMONIUM (statutory director)
- Director appointment, LK-Patrimonium (statutory director)
- +3 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11008B0002/00G009 | Flanders | 1,321 m² | 1 · 186 m² | 21.2 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Activiteit van een holding vennootschap; Activiteit van een bestuurdersvennootschap…” (deed in Dutch)
16 activities (deed in Dutch)
- Activiteit van een holding vennootschap;
- Activiteit van een bestuurdersvennootschap;
- Aankopen,opschikken,verbeteren,uitrusten,valoriseren,bouwen,verbouwen,verhuren of in huur neme van onroerende goederen,al dan niet gemeubeld;
- Alle onroerende verrichtingen,namelijk:huren,verhuren,aan-en verkopen van alle onroerende goederen,zowel in buiten als binnenland,het uitvoeren van alle verkavelingen en bouwwerken,alle beheer van onroerende goederen.
- Het verlenen van gespecialiseerde diensten en adviezen in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard,onder meer op het vlak van administratie,management,bedrijfsorganisatie,promotie,automatisering,engineering en informatica.
- In het algemeen alle commerciële,industriële,financiële,roerende en onroerende verrichtingen die in verband kunnen gebracht worden met wat hierboven niet gelimiteerd werd opgesomd.
- Dit alles zowel in het groot als in het klein,voor eigen rekening als voor rekening van derden,als tussenpersoon,en zowel in België als het buitenland.
- Consultancy,training,onderhandelingen en projecten op het vlak van aankoop,toelevering,logistiek en materiaalbeheer.
- De handel,aankoop en verkoop van alle onroerende goederen en alle andere verhandelingen in het binnen-en buitenland,het nemen van patenten en/of octrooien en alle rechten van niet-materiële aard,en alle andere verhandelingen in het binnen-en buitenland die rechtstreeks of onrechtstreeks het genoemde voorwerp kunnen bevorderen.
- De aankoop,de verkoop,de ruiling,de commissie,de makelarij,het in huur en in erfpacht nemen,het verhuren,het bouwen,de uitbating,het valoriseren,de verdeling en het beheer van alle onroerende goederen van welke aard ook.
- Deze opsomming moet in de breedste zin opgevat worden;zij is gegeven ter verduidelijking,niet ter beperking.
- De vennootschap zal voor eigen rekening of voor rekening van derden in het algemeen alle commerciële,industriële,financiële,roerende en onroerende en alle hoegenaamde handelingen mogen stellen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerpen of de realisatie ervan begunstigen.Eveneens kan zij een belang nemen in gelijk welke andere binnenlandse of buitenlandse onderneming.
- Zij mag zich voor andere ondernemingen of personen borg stellen,voorschotten en kredieten toestaan,hypothecaire of andere waarborgen verstrekken.
- De vennootschap zal in het algemeen alle burgerlijke,financiële,industriële,roerende en onroerende handelingen mogen verrichten,die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband houden met haar doel of die van aard zouden zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden.Zij mag door alle middelen belangen nemen in zaken,ondernemingen of vennootschappen met identiek,analoog of samenhangend doel,of die van aard zijn de ontwikkeling van haar onderneming te bevorderen,haar grondstoffen te bezorgen of de afzet van haar producten in de hand te werken,zelfs met hen te fusioneren.
- De vennootschap mag zich voor haar bestuurders,aandeelhouders en derden borg stellen of aval verlenen,voorschotten of kredieten toestaan,hypothecaire en andere waarborgen verstrekken.
- Voorafgaande opsomming is enkel verklarend en niet beperkend en dient in de meest uitgebreide zin te worden geïnterpreteerd.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, 2930 Brasschaat,Essensteenweg 95” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, alle handelingen nodig of nuttig voor verwezenlijking voorwerp” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Saturday of June at 15:00