FIFTEEN
ActiveSummary
FIFTEEN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €237. Equity is shrinking by ~21.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 45% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-10
Solvency48▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.46 in 2024; short-term debt: 46.9% and cash: 4.1% of total assets), and 76.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
17 d early
2024
2 d early
2023
37 d early
2022
on the day
2021
31 d early
2020
31 d early
2019
35 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▲ 1.6%
2024 · €15k
2018: €202khighest in 8 years
2019: €23k▼ -88.8% vs 2018
2020: €45k▲ +99.5% vs 2019
2021: €36k▼ -20.5% vs 2020
2022: €44k▲ +22.0% vs 2021
2023: €31k▼ -29.2% vs 2022
2024: €15k▼ -51.1% vs 2023lowest in 8 years
2025: €15k▲ +1.6% vs 2024
2018 → 2025
Total assets
€66k▼ 24.4%
2024 · €88k
2018: €219k
2019: €304k▲ +38.9% vs 2018highest in 8 years
2020: €218k▼ -28.0% vs 2019
2021: €47k▼ -78.4% vs 2020
2022: €60k▲ +26.8% vs 2021
2023: €42k▼ -30.1% vs 2022lowest in 8 years
2024: €88k▲ +110% vs 2023
2025: €66k▼ -24.4% vs 2024
2018 → 2025
Net result
€237▼ 96.6%
2024 · €7k
2018: €98k
2019: €96k▼ -2.0% vs 2018
2020: €182k▲ +90.0% vs 2019highest in 8 years
2021: €-9k▼ -105% vs 2020lowest in 8 years
2022: €8k▲ +185% vs 2021
2023: €2k▼ -71.1% vs 2022
2024: €7k▲ +211% vs 2023
2025: €237▼ -96.6% vs 2024
2018 → 2025
Working capital
€-16k▲ 27.0%
2024 · €-23k
2018: €194khighest in 8 years
2019: €-7k▼ -104% vs 2018
2020: €8k▲ +219% vs 2019
2021: €6k▼ -29.2% vs 2020
2022: €16k▲ +165% vs 2021
2023: €10k▼ -38.5% vs 2022
2024: €-23k▼ -334% vs 2023lowest in 8 years
2025: €-16k▲ +27.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€44k▲ 22.0%€31k▼ 29.2%€15k▼ 51.1%€15k▲ 1.6%
2021: €36k
2022: €44k▲ +22.0% vs 2021highest in 5 years
2023: €31k▼ -29.2% vs 2022
2024: €15k▼ -51.1% vs 2023lowest in 5 years
2025: €15k▲ +1.6% vs 2024
Operating result€-3k-€10k€4k▼ 62.2%€11k▲ 175%€4k▼ 60.4%
2021: €-3klowest in 5 years
2022: €10k▲ +399% vs 2021
2023: €4k▼ -62.2% vs 2022
2024: €11k▲ +175% vs 2023highest in 5 years
2025: €4k▼ -60.4% vs 2024
Net result€-9k-€8k€2k▼ 71.1%€7k▲ 211%€237▼ 96.6%
2021: €-9klowest in 5 years
2022: €8k▲ +185% vs 2021highest in 5 years
2023: €2k▼ -71.1% vs 2022
2024: €7k▲ +211% vs 2023
2025: €237▼ -96.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €66k
Fixed assets
€52k ▼ 24.9%
Current assets
€15k ▼ 22.2%
Equity and liabilities €66k
Equity
€15k ▲ 1.6%
Debt
€51k ▼ 29.8%
Debt's share of the balance-sheet total falls from 82.8% to 76.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €17k
Cash flow
€14k▲
2024 · €14k
Current ratio
0.47▲
2024 · 0.46
Debt to equity
3.32▼
2024 · 4.80
ROE
1.5%▼
2024 · 46.7%
ROA
0.4%▼
2024 · 8.0%
Interest coverage
8.41▼
2024 · 40.52
Debt ≤ 1 year
€31k▼
2024 · €41k
Debt > 1 year
€20k▼
2024 · €31k
Income taxes
€2k▼
2024 · €3k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€88k€66k▼
Fixed assets21/28€69k€52k▼
Tangible fixed assets22/27€69k€52k▼
Furniture and vehicles24€69k€52k▼
Current assets29/58€19k€15k▼
Amounts receivable within one year40/41€15k€10k▼
Trade receivables40€10k€10k=
Other amounts receivable41€5k€116▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€88k€66k▼
Equity10/15€15k€15k▲
Contributions10/11€1k€1k=
Reserves13€14k€14k▲
Non-distributable reserves130/1€0-
Other1319€0-
Distributable reserves133€14k€14k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€72k€51k▼
Amounts payable after more than one year17€31k€20k▼
Financial debts170/4€31k€20k▼
Amounts payable within one year42/48€41k€31k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€254€2k▲
Credit institutions430/8€254€2k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€8k€10k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€14k€158▼
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€14k▲
Other operating charges640/8€528€897▲
Gross operating margin9900€18k€19k▲
Operating profit (loss)9901€11k€4k▼
Financial income75/76B€3€85▲
Recurring financial income75€3€85▲
Financial charges65/66B€431€2k▲
Recurring financial charges65€431€2k▲
Profit (loss) for the period before taxes9903€10k€2k▼
Income taxes67/77€3k€2k▼
Profit (loss) for the period9904€7k€237▼
Profit (loss) for the period to be appropriated9905€7k€237▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€237▼
Profit (loss) brought forward from the previous period14P€3k€0▼
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€6k€237▼
To other reserves6921€6k€237▼
Profit to be distributed694/7€5k€0▼
Return on contributions (dividend)694€5k€0▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €7k | €7k | €14k | ▲ 106% |
| Other operating charges640/8 | €386 | €513 | - | €528 | €897 | ▲ 69.8% |
| Non-recurring operating charges66A | - | - | €99 | - | - | - |
| Gross operating margin9900 | €4k | €18k | €11k | €18k | €19k | ▲ 6.4% |
| Operating profit (loss)9901 | €-3k | €10k | €4k | €11k | €4k | ▼ 60.4% |
| Financial income75/76B | - | - | - | €3 | €85 | ▲ 2,996% |
| Recurring financial income75 | - | - | - | €3 | €85 | ▲ 2,996% |
| Financial charges65/66B | €6k | €54 | €52 | €431 | €2k | ▲ 403% |
| Recurring financial charges65 | €368 | €54 | €52 | €431 | €2k | ▲ 403% |
| Non-recurring financial charges66B | €5k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-9k | €10k | €4k | €10k | €2k | ▼ 79.1% |
| Income taxes67/77 | - | €2k | €2k | €3k | €2k | ▼ 40.2% |
| Profit (loss) for the period9904 | €-9k | €8k | €2k | €7k | €237 | ▼ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €-9k | €8k | €2k | €7k | €237 | ▼ 96.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €60k | €42k | €88k | €66k | ▼ 24.4% |
| Fixed assets21/28 | €30k | €28k | €21k | €69k | €52k | ▼ 24.9% |
| Tangible fixed assets22/27 | €30k | €28k | €21k | €69k | €52k | ▼ 24.9% |
| Furniture and vehicles24 | €30k | €28k | €21k | €69k | €52k | ▼ 24.9% |
| Current assets29/58 | €17k | €32k | €20k | €19k | €15k | ▼ 22.2% |
| Amounts receivable within one year40/41 | €4k | - | - | €15k | €10k | ▼ 33.1% |
| Trade receivables40 | - | - | - | €10k | €10k | = |
| Other amounts receivable41 | €4k | - | - | €5k | €116 | ▼ 97.7% |
| Cash at bank and in hand54/58 | €13k | €20k | €20k | €2k | €3k | ▲ 14.8% |
| Deferred charges and accrued income490/1 | - | €12k | - | €2k | €2k | ▲ 16.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €60k | €42k | €88k | €66k | ▼ 24.4% |
| Equity10/15 | €36k | €44k | €31k | €15k | €15k | ▲ 1.6% |
| Contributions10/11 | €19k | €19k | €19k | €1k | €1k | = |
| Reserves13 | €2k | €10k | €10k | €14k | €14k | ▲ 1.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Other1319 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | €8k | €8k | €14k | €14k | ▲ 1.7% |
| Profit (loss) carried forward14 | €15k | €15k | €3k | €0 | €0 | - |
| Amounts payable17/49 | €11k | €16k | €11k | €72k | €51k | ▼ 29.8% |
| Amounts payable after more than one year17 | - | - | - | €31k | €20k | ▼ 36.3% |
| Financial debts170/4 | - | - | - | €31k | €20k | ▼ 36.3% |
| Amounts payable within one year42/48 | €11k | €16k | €11k | €41k | €31k | ▼ 24.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11k | €11k | ▲ 3.9% |
| Financial debts43 | - | - | - | €254 | €2k | ▲ 732% |
| Credit institutions430/8 | - | - | - | €254 | €2k | ▲ 732% |
| Trade debts44 | €384 | €5k | €238 | €4k | €4k | ▼ 14.6% |
| Suppliers440/4 | €384 | €5k | €238 | €4k | €4k | ▼ 14.6% |
| Taxes, remuneration and social security45 | €11k | €11k | €6k | €12k | €14k | ▲ 20.6% |
| Taxes450/3 | €11k | €11k | €6k | €8k | €10k | ▲ 26.5% |
| Remuneration and social security454/9 | - | - | - | €4k | €4k | ▲ 7.1% |
| Other amounts payable47/48 | - | €597 | €5k | €14k | €158 | ▼ 98.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €8k | €2k | €7k | €237 | ▼ 96.6% |
| + Depreciation and write-downs630 | €7k | €7k | €7k | €7k | €14k | ▲ 106% |
| Operating cash flow (approximation) | €-2k | €15k | €9k | €14k | €14k | ▲ 2.9% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-54k | €3k | ▲ 106% |
| Change in cash | - | €7k | €709 | €-18k | €348 | ▲ 102% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €182k ▲90%
Operating result €240k, net result €182k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
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 2 acts read
About the unread acts
We know of 2 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
2 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, Scherpenheuvel-Zichem · 1 establishment unit since 2017
Ground area
8,498 m²
Building footprint
447 m²
Volume, LiDAR
2,545 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIFTEEN
since 20172.260.451.475
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0208/00A002 | Flanders | 7,795 m² | 1 · 217 m² | 8.7 m · 2 fl. |
| 24403D0024/00D004 | Flanders | 703 m² | 1 · 230 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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HAMEE
BE 0825.284.611
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SISTERS IMMOBILIER
BE 0728.985.286
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INFINAX
BE 0870.340.517
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 3,550 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
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68322Real estate appraisal on a fee or contract basis
68321Property management for co-owned buildings (syndics)
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.