Equity
Debts exceed assets in financial year 2024.
In July 2024, 3,632 companies had the same profile as FILTITOOLS has now. Each dot stands for 10 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,632 companies, not a prediction for FILTITOOLS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| FILTITOOLS Gerpinnes | €133,614 | €26,837 | -36.0% | - |
| SANI-PLUS Braine-le-Comte | €112,334 | €32,399 | 43.9% | - |
| ELEKTROTECHNIEK SPRIET DEINZE Deinze | €202,784 | €20,710 | 73.1% | - |
| AD Machines à plâtres Jemeppe-sur-Sambre | €212,108 | €18,834 | 44.4% | - |
| Favori Gierle Lille | €142,640 | €21,325 | 51.2% | - |
| XING DA Seraing | €251,017 | €44,472 | 41.0% | - |
| NEW MIRANDA Charleroi | €285,902 | €42,518 | 39.5% | - |
These companies have the same main activity as FILTITOOLS: retail trade (NACE 47525). They are comparable in size and age: total assets between €112,000 and €286,000, founded between 2009 and 2017.
FILTITOOLS files the micro format. That format states no turnover. The gross margin fell from €96,206 in 2011 to €26,837 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €120,000 and €240,000.
Higher than 14% of 25,554 companies in 2024.
Higher than 12% of 24,614 companies in 2024.
Higher than 63% of 24,783 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 201518 months | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
133,614 | 139,770 | 139,172 | 171,156 | 210,756 | 238,516 | 220,552 | 283,882 | 272,393 | 304,132 | 526,219 | 521,982 | 535,789 | 564,665 | |
20 |
- | - | - | - | - | - | - | - | - | - | 147 | 343 | 537 | 733 | |
21/28 |
85,618 | 93,085 | 94,516 | 119,088 | 131,361 | 153,672 | 162,659 | 200,025 | 222,151 | 251,565 | 249,165 | 261,502 | 273,822 | 284,856 | |
21 |
- | - | - | 0 | - | 1,250 | 6,250 | 11,250 | 16,250 | 21,250 | 28,948 | 34,211 | 39,475 | 44,738 | |
22/27 |
85,568 | 93,035 | 94,466 | 106,738 | 119,011 | 140,072 | 144,059 | 176,425 | 193,551 | 217,965 | 207,721 | 216,787 | 226,507 | 234,333 | |
22 |
70,750 | 76,421 | 82,091 | 87,761 | 93,431 | 99,101 | 104,771 | 162,225 | 170,325 | 178,425 | 190,575 | 216,787 | 225,853 | 232,807 | |
23 |
10,147 | 11,170 | 10,865 | 11,831 | 12,798 | 14,499 | 15,233 | 14,196 | 16,835 | 19,926 | 17,146 | - | - | - | |
24 |
- | - | - | - | - | 8,053 | - | 4 | 6,391 | 19,614 | - | - | 654 | 1,526 | |
25 |
- | - | - | 5,334 | - | - | - | - | - | - | - | - | - | - | |
26 |
4,671 | 5,444 | 1,510 | 1,812 | 2,114 | 2,416 | 2,718 | - | - | - | - | - | - | - | |
28 |
50 | 50 | 50 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 10,161 | 7,303 | 5,052 | |
29/58 |
47,996 | 46,685 | 44,656 | 52,068 | 79,395 | 84,844 | 57,893 | 83,857 | 50,241 | 52,566 | 277,054 | 260,480 | 261,967 | 279,809 | |
3 |
- | - | - | - | - | 12,237 | 22,689 | 22,689 | 32,217 | 33,000 | 234,966 | 236,698 | 229,624 | 263,939 | |
30/36 |
- | - | - | - | - | 12,237 | 22,689 | 22,689 | 32,217 | 33,000 | 234,966 | 236,698 | 229,624 | 263,939 | |
40/41 |
47,996 | 46,429 | 44,400 | 50,362 | 79,150 | 71,344 | 31,572 | 57,129 | 17,408 | 19,356 | 26,156 | 16,191 | 15,199 | 11,889 | |
40 |
- | - | - | 50,297 | 78,495 | 71,344 | 30,766 | 56,317 | 16,696 | 18,290 | 26,156 | 15,835 | 15,059 | 11,887 | |
41 |
47,996 | 46,429 | 44,400 | 65 | 656 | - | 806 | 812 | 712 | 1,065 | - | 356 | 140 | 2 | |
54/58 |
- | - | - | 27 | 145 | - | 711 | 2,678 | 90 | - | 15,843 | 7,591 | 17,144 | 3,659 | |
490/1 |
- | 256 | 256 | 1,679 | 100 | 1,263 | 2,920 | 1,362 | 526 | 211 | 89 | - | - | 322 | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
133,614 | 139,770 | 139,172 | 171,156 | 210,756 | 238,516 | 220,552 | 283,882 | 272,393 | 304,132 | 526,219 | 521,982 | 535,789 | 564,665 | |
10/15 |
-48,135 | -57,938 | -59,963 | -70,213 | -63,845 | -48,477 | -99,672 | -224,926 | -285,151 | -320,596 | -57,201 | -37,400 | -17,447 | 34,765 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
14 |
-98,135 | -107,938 | -109,963 | -120,213 | -113,845 | -98,477 | -149,672 | -274,926 | -335,151 | -370,596 | -107,201 | -87,400 | -67,447 | -15,235 | |
17/49 |
181,749 | 197,708 | 199,134 | 241,370 | 274,601 | 286,993 | 320,223 | 508,808 | 557,543 | 624,727 | 583,421 | 559,382 | 553,236 | 529,900 | |
17 |
74,214 | 86,166 | 97,504 | 110,257 | 120,366 | 140,068 | 155,122 | 188,190 | 224,876 | 262,178 | 324,773 | 364,123 | 401,673 | 399,270 | |
170/4 |
74,214 | 86,166 | 97,504 | 110,257 | 120,366 | 140,068 | 155,122 | 188,190 | 224,876 | 262,178 | 324,773 | 364,123 | 401,673 | 399,270 | |
42/48 |
107,522 | 111,529 | 101,617 | 131,113 | 154,235 | 146,786 | 165,102 | 315,692 | 332,667 | 362,549 | 258,648 | 195,259 | 151,563 | 130,630 | |
42 |
11,952 | 11,337 | 11,833 | 15,995 | 18,760 | 23,148 | 21,523 | 36,686 | 37,303 | 42,217 | 39,351 | 37,550 | 35,832 | 35,736 | |
43 |
22,630 | 24,272 | 21,872 | 24,555 | 24,783 | 23,187 | 15,723 | 24,971 | 20,806 | 9,458 | 7,096 | - | 3,941 | 37,191 | |
430/8 |
22,630 | 24,272 | 21,872 | 24,555 | 24,783 | 23,187 | 15,723 | 24,971 | 20,806 | 9,458 | 7,096 | - | 3,941 | 37,191 | |
44 |
- | 3,237 | 198 | 2,962 | 28,801 | 27,655 | 12,265 | 57,563 | 36,420 | 97,074 | 166,983 | 111,892 | 66,817 | 50,840 | |
440/4 |
- | 3,237 | 198 | 2,962 | 28,801 | 27,655 | 12,265 | 57,563 | 36,420 | 97,074 | 166,983 | 111,892 | 66,817 | 50,840 | |
45 |
542 | 752 | - | - | - | 5,544 | 1,757 | 2,279 | - | 13,922 | 5,211 | 5,817 | 4,973 | 6,863 | |
450/3 |
542 | 752 | - | - | - | 5,164 | 1,757 | 2,279 | - | 251 | 2,735 | 3,914 | 4,973 | 3,730 | |
454/9 |
- | - | - | - | - | 380 | - | - | - | 13,672 | 2,476 | 1,903 | - | 3,133 | |
47/48 |
72,398 | 71,931 | 67,715 | 87,599 | 81,891 | 67,251 | 113,834 | 194,193 | 238,139 | 199,878 | 40,007 | 40,000 | 40,000 | - | |
492/3 |
13 | 13 | 13 | - | 1 | 139 | - | 4,926 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||
76A |
- | - | - | - | - | 20,992 | 8,216 | 7,187 | 5 | - | - | - | - | - | |
9900 |
26,837 | 20,857 | 32,588 | 19,946 | 14,636 | 93,077 | 157,963 | 117,517 | 131,670 | -119,071 | 54,006 | 26,462 | 20,668 | 96,206 | |
62 |
- | - | - | 459 | 2,535 | 5,829 | -310 | 15,031 | 32,534 | 52,329 | 25,620 | 4,660 | 29,517 | 54,733 | |
630 |
7,467 | 7,482 | 12,273 | 12,273 | 14,977 | 21,428 | 17,477 | 21,322 | 30,709 | 47,179 | 17,275 | 15,179 | 15,397 | 18,983 | |
640/8 |
2,756 | 5,123 | 969 | 1,289 | 2,342 | 2,316 | 2,336 | 5,677 | 15,152 | 5,911 | 2,937 | 3,003 | 2,912 | 2,391 | |
66A |
- | - | - | - | 1,573 | - | - | - | - | - | 1,234 | - | - | - | |
9901 |
16,614 | 8,252 | 19,346 | 5,925 | -6,792 | 63,503 | 138,461 | 75,487 | 53,275 | -224,490 | 8,174 | 3,620 | -27,158 | 20,099 | |
75/76B |
2,496 | 2,402 | 948 | 646 | 100 | 8 | 3 | 1,285 | 100 | 31 | 64 | - | - | 33 | |
75 |
2,496 | 2,402 | 948 | - | 100 | 8 | 3 | 1,285 | 100 | 31 | 64 | - | - | 33 | |
76B |
- | - | - | 646 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
9,307 | 8,629 | 10,044 | 12,939 | 8,676 | 12,317 | 13,210 | 16,547 | 17,930 | 38,935 | 26,804 | 23,573 | 25,054 | 35,367 | |
65 |
9,307 | 8,629 | 10,004 | 12,823 | 8,611 | 12,210 | 13,180 | 15,146 | 17,930 | 38,935 | 26,804 | 23,573 | 25,054 | 35,367 | |
66B |
- | - | 40 | 117 | 65 | 106 | 30 | 1,400 | - | - | - | - | - | - | |
9903 |
9,803 | 2,025 | 10,251 | -6,368 | -15,368 | 51,194 | 125,254 | 60,225 | 35,445 | -263,394 | -19,800 | -19,953 | -52,212 | -15,235 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | 2 | - | - | - | |
9904 |
9,803 | 2,025 | 10,251 | -6,368 | -15,368 | 51,194 | 125,254 | 60,225 | 35,445 | -263,394 | -19,802 | -19,953 | -52,212 | -15,235 | |
9905 |
9,803 | 2,025 | 10,251 | -6,368 | -15,368 | 51,194 | 125,254 | 60,225 | 35,445 | -263,394 | -19,802 | -19,953 | -52,212 | -15,235 | |
| Appropriation of the result | |||||||||||||||
9906 |
-98,135 | -107,938 | -109,963 | -120,213 | -113,845 | -98,477 | -149,672 | -274,926 | -335,151 | -370,596 | -107,201 | -87,400 | -67,447 | -15,235 | |
14P |
-107,938 | -109,963 | -120,213 | -113,845 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||
9087 |
- | - | - | - | 0.2 | 0.7 | - | 0.2 | 0.8 | 0.8 | 0.9 | 0.2 | 0.8 | 1 | |
Hours worked1013 |
- | - | - | - | 336 | 1,256 | - | 264 | 1,316 | 1,733 | 1,680 | 292 | 555 | 2,060 | |
| Document | |||||||||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 28-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-12-2025 | 2025-00590910 | |
| 31-12-2023 | micro format | 30-03-2025 | 2025-00057625 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00297094 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20479311 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62800456 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-48000112 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60300564 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-26900300 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-40800124 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-54200578 | |
| 30-06-2014 | full format | 27-02-2015 | 2015-05600558 | |
| 30-06-2013 | full format | 29-01-2014 | 2014-01800365 | |
| 30-06-2012 | full format | 20-02-2013 | 2013-04300402 | |
| 30-06-2011 | full format | 21-12-2011 | 2011-64500173 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 201518 months | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24,081 | 15,734 | 31,619 | 18,197 | 8,186 | 84,931 | 155,938 | 96,809 | 83,984 | -177,311 | 25,450 | 18,799 | -11,761 | 39,082 | ||
| 17,270 | 9,507 | 22,523 | 5,905 | -390 | 72,622 | 142,731 | 81,547 | 66,154 | -216,215 | -2,527 | -4,774 | -36,815 | 3,748 | ||
| 0 | 6,051 | -12,300 | 0 | -7,333 | 12,440 | 31,896 | 8 | 1,295 | 49,579 | 4,939 | 2,858 | 4,364 | 302,862 | ||
| - | - | - | -118 | - | - | -1,966 | 2,588 | - | - | 8,252 | -9,553 | 13,485 | - | ||
| -59,526 | -64,844 | -56,961 | -79,045 | -74,839 | -61,942 | -107,209 | -231,835 | -282,426 | -309,982 | 18,406 | 65,221 | 110,404 | 149,179 | ||
| -36.0% | -41.5% | -43.1% | -41.0% | -30.3% | -20.3% | -45.2% | -79.2% | -104.7% | -105.4% | -10.9% | -7.2% | -3.3% | 6.2% | ||
| 0.45 | 0.42 | 0.44 | 0.40 | 0.51 | 0.58 | 0.35 | 0.27 | 0.15 | 0.14 | 1.07 | 1.33 | 1.73 | 2.14 | ||
| 0.45 | 0.42 | 0.44 | 0.40 | 0.51 | 0.49 | 0.21 | 0.19 | 0.05 | 0.05 | 0.16 | 0.12 | 0.21 | 0.12 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 15.24 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | -43.8% | ||
| 7.3% | 1.4% | 7.4% | -3.7% | -7.3% | 21.5% | 56.8% | 21.2% | 13.0% | -86.6% | -3.8% | -3.8% | -9.7% | -2.7% | ||
| 2.59 | 1.82 | 3.16 | 1.42 | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Mortgages, amount registered | €495,000 | - | €495,000 | €495,000 |
| Carrying value of the mortgaged assets | €70,751 | - | €66,341 | €72,011 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | - | €6,051 | - | - |
| €7,467 | €7,482 | €12,273 | €12,273 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 101% higher than in 2023. It is a recovery after the fall in 2023.
Equity is negative. Debt (€181,749) exceeds the balance-sheet total (€133,614).
FILTITOOLS has no parent and no holdings in its annual accounts. is the only director. FILTITOOLS shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Blanche Borne 52 registered office 6280 Gerpinnes | ||
| Rue Reine Elisabeth 33 5640 Mettet | 02-04-2010 | 2.186.503.031 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92087H0231/00Z000 | 3,193 m² | 1 · 195 m² | 16.3 m · 5 |
| 52041A0122/00S003 | 1,537 m² | 1 · 161 m² | 0.1 m |
If something looks wrong or is missing, please tell us.