Active BE 0691.557.540Private limited company

FIRMUS OFFICE

Verlatstraat 23-25 ·2000 Antwerpen, Belgium· 8 yrs active

Sector: Renting and operating of own or leased residential real estate, excluding social housing (68201)

Conclusion Checked

FIRMUS OFFICE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €126k and a net result of €9k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 8920 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€126k
Net result	€9k
Better than sector	30%
Active	8 yrs

Financial profile 5 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 49

Profitability 37

Solvency 13

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.3% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

49 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€6k

estimate, not credit advice

Score history

20 2020

44 2021

36 2022

36 2023

49 2024

49 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.75 (< 1.0) -10

Leverage Debt/equity 7.83 (> 3.0) -10

Profitability ROE 7% +3

Interest coverage Interest coverage 3.2× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview7 NBB filings

Annual accounts filed on 22-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Net result: growth of ~36.5%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	11.3%	31.5%	better than 30% of 8920 sector peers
Net result	€9k	€11k	better than 49% of 8916 sector peers
Equity	€126k	€330k	better than 35% of 8924 sector peers
Gross operating margin	€79k	€93k	better than 47% of 8903 sector peers
Employees (FTE)	0.0	0.0	better than 28% of 2696 sector peers

EBITDA

€76k

+2.1% 20-25

Net profit

€9k

+31.3% 20-25

Cash flow

€52k

+5.0% 20-25

Total assets

€1.12M

-3.2% 20-25

Equity

€126k

+8.1% 20-25

Working capital

€-22k

-156.7% 20-25

Employees (FTE)

0

- 20-25

Debt

€990k

-4.5% 20-25

Debt ≤ 1y

€86k

+18.8% 20-25

Debt > 1y

€886k

-5.3% 20-25

Current ratio

0.75

-15.3% 20-25

Quick ratio

0.75

-15.3% 20-25

Solvency

11.3%

+11.7% 20-25

Debt / equity

7.83

-11.6% 20-25

ROE

7.5%

+21.5% 20-25

ROA

0.8%

+35.6% 20-25

Interest coverage

3.19

+6.0% 20-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€76k	€74k	€71k	€73k	€73k
Net profit	€9k	€7k	€4k	€5k	€5k
Cash flow	€52k	€49k	€46k	€47k	€50k
Staff costs	-	-	-	-	-
Income taxes	-	-	-	-	-
Dividends	-	-	-	-	-
Total assets	€1.12M	€1.15M	€1.18M	€1.22M	€1.25M
Equity	€126k	€117k	€110k	€106k	€101k
Debt	€990k	€1.04M	€1.07M	€1.11M	€1.15M
of which ≤ 1y	€86k	€72k	€71k	€64k	€55k
of which > 1y	€886k	€935k	€984k	€1.03M	€1.08M
Working capital	€-22k	€-8k	€-20k	€-19k	€-22k
Employees (FTE)	0.0	0.0	0.0	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.75	0.88	0.71	0.70	0.60
Quick ratio	0.75	0.88	0.71	0.70	0.60
Working capital ratio	-1.9%	-0.7%	-1.7%	-1.5%	-1.8%
Solvency	11.3%	10.1%	9.3%	8.7%	8.1%
Debt / equity	7.83	8.86	9.78	10.47	11.36
Long-term debt ratio	7.01	8.00	8.97	9.71	10.66
Interest coverage	3.19	3.01	2.80	2.82	3.21
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	0.8%	0.6%	0.3%	0.4%	0.4%
ROE	7.5%	6.2%	3.2%	4.8%	5.1%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.05M · 94.2% Current assets €64k · 5.8%

Equity & liabilities

Equity €126k · 11.3% Debt €990k · 88.7%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.12M	€1.15M	€1.18M	€1.22M	€1.25M
Fixed assets	21/28	€1.05M	€1.09M	€1.13M	€1.17M	€1.22M
Tangible fixed assets	22/27	€1.05M	€1.09M	€1.13M	€1.17M	€1.22M
Current assets	29/58	€64k	€64k	€51k	€45k	€33k
Amounts receivable within one year	40/41	€14k	€18k	€13k	€8k	€7k
Cash & bank	54/58	€50k	€46k	€38k	€34k	€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.12M	€1.15M	€1.18M	€1.22M	€1.25M
Equity	10/15	€126k	€117k	€110k	€106k	€101k
Contributions / capital	10/11	€150k	€150k	€150k	€150k	€150k
Accumulated profits (losses)	14	€-24k	€-33k	€-40k	€-44k	€-49k
Amounts payable	17/49	€990k	€1.04M	€1.07M	€1.11M	€1.15M
Amounts payable after one year	17	€886k	€935k	€984k	€1.03M	€1.08M
Amounts payable within one year	42/48	€86k	€72k	€71k	€64k	€55k
Trade debts payable within one year	44	€731	€86	€0	€3k	€3k
Income statement
Gross operating margin	9900	€79k	€77k	€74k	€76k	€76k
Operating result	9901	€33k	€32k	€29k	€31k	€28k
Financial charges	65	€24k	€25k	€25k	€26k	€23k
Result before taxes	9903	€9k	€7k	€4k	€5k	€5k
Net result for the period	9904	€9k	€7k	€4k	€5k	€5k
Result to be appropriated	9905	€9k	€7k	€4k	€5k	€5k

Directors & mandates 3 directors

Current directors & mandates

Charlotte Philipssen
Director
State Gazette act 24113256 (25-07-2024)

Current
25-07-2024 → present
Hilde Vermeiren
Director
State Gazette act 24113256 (25-07-2024)

Current
25-07-2024 → present
HENS Josepha (Ria)
Director
State Gazette act 23332701 (11-04-2023)

Current
11-04-2023 → present

Legal Structure

NACE primary	Renting and operating of own or leased residential real estate, excluding social housing(68201)
Legal form	Private limited company(610)
Incorporation	27-02-2018
Status	Active
Postal code	2000

Establishment units 1 location

FIRMUS OFFICE

Verlatstraat 23-25, 2000 AntwerpenComputing infrastructure, data processing, hosting and other information service activities

since 20182.274.288.922

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3656/00G002indicative	Flanders	2,918 m²	1 · 1,001 m²	18.0 m · 2 fl.

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

All 12Financial 3Gazette 2Filings 7

Next filing, fiscal year 2026, expected by 31-07-2027

2026

22-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Highest result since 2020net €9k ▲31.3%

Net result €9k, the highest in the series.

16-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

25-07

State Gazette act Director changes

12-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

11-04

State Gazette act Director changes

Hans De Decker

2022

08-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Back to profitnet €5k

Net result €5k after one loss-making year.

31-12

Financial Equity above €100kEq €101k ▲5.4%

Equity rises from €96k to €101k.

03-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 3 days late

2020

10-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 41 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2024

25-07-2024 5 directors appointed Director changes

Charlotte Philipssen, Bestuurder
Hilde Vermeiren, Bestuurder
Caroline Mariën, Gedelegeerd bestuurder
An Vergouwen, Gedelegeerd bestuurder
Margaux De Vleeschauwer, Gedelegeerd bestuurder

Original publication ↗

Technical details

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2023

11-04-2023 HENS Josepha (Ria) appointed as director Director changes·Hans De Decker

HENS Josepha (Ria), Bestuurder

Notary: Hans De Decker · Brasschaat

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Renting and operating of own or leased residential real estate, excluding social housing68201

Names & trade names

Legal nameNL

FIRMUS OFFICE

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