FIVE
ActiveSummary
FIVE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €-41k. Equity is shrinking by ~2.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67=
Solvency73=
Growth50=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.02 in 2024; short-term debt: 7.2% and cash: 0.1% of total assets), and 51.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
48.3%
Return on assets
-1.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-41k
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
86 d early
2023
84 d early
2022
89 d early
2021
75 d early
2020
75 d early
2019
72 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, full schema
Turnover
€93k▲ 2.3%
2022 · €90k
2018: €91k
2019: €97k▲ +6.8% vs 2018highest in 6 years
2020: €94k▼ -2.8% vs 2019
2021: €90k▼ -4.6% vs 2020lowest in 6 years
2022: €90k▲ +0.6% vs 2021
2023: €93k▲ +2.3% vs 2022
2018 → 2023
EBIT margin
-47.2%▲ 4.0pp
2022 · -51.2%
2018: -50.5%
2019: -43.3%▲ +14.3% vs 2018highest in 6 years
2020: -53.8%▼ -24.1% vs 2019lowest in 6 years
2021: -45.6%▲ +15.2% vs 2020
2022: -51.2%▼ -12.2% vs 2021
2023: -47.2%▲ +7.7% vs 2022
2018 → 2023
Net result
€-41k▲ 1.8%
2024 · €-42k
2018: €-55k
2019: €-48k▲ +11.3% vs 2018
2020: €-55k▼ -12.8% vs 2019lowest in 8 years
2021: €-44k▲ +18.9% vs 2020
2022: €-48k▼ -7.7% vs 2021
2023: €-44k▲ +8.0% vs 2022
2024: €-42k▲ +4.7% vs 2023
2025: €-41k▲ +1.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€-208k▼ 3.1%
2024 · €-201k
2018: €-186k
2019: €-184k▲ +1.5% vs 2018
2020: €-177k▲ +3.6% vs 2019highest in 8 years
2021: €-186k▼ -5.2% vs 2020
2022: €-191k▼ -2.7% vs 2021
2023: €-197k▼ -3.2% vs 2022
2024: €-201k▼ -2.0% vs 2023
2025: €-208k▼ -3.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€90k-€90k▲ 0.6%€93k▲ 2.3%
2021: €90klowest in 3 years
2022: €90k▲ +0.6% vs 2021
2023: €93k▲ +2.3% vs 2022highest in 3 years
Equity€1.61M-€1.57M▼ 3.0%€1.52M▼ 2.8%€1.48M▼ 2.7%€1.44M▼ 2.8%
2021: €1.61Mhighest in 5 years
2022: €1.57M▼ -3.0% vs 2021
2023: €1.52M▼ -2.8% vs 2022
2024: €1.48M▼ -2.7% vs 2023
2025: €1.44M▼ -2.8% vs 2024lowest in 5 years
Operating result€-41k-€-46k▼ 12.8%€-44k▲ 5.6%€-44k▼ 1.0%€-46k▼ 3.9%
2021: €-41khighest in 5 years
2022: €-46k▼ -12.8% vs 2021lowest in 5 years
2023: €-44k▲ +5.6% vs 2022
2024: €-44k▼ -1.0% vs 2023
2025: €-46k▼ -3.9% vs 2024
Net result€-44k-€-48k▼ 7.7%€-44k▲ 8.0%€-42k▲ 4.7%€-41k▲ 1.8%
2021: €-44k
2022: €-48k▼ -7.7% vs 2021lowest in 5 years
2023: €-44k▲ +8.0% vs 2022
2024: €-42k▲ +4.7% vs 2023
2025: €-41k▲ +1.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2025 against €44k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.98M
Fixed assets
€2.97M ▼ 3.8%
Current assets
€6k ▲ 55.1%
Equity and liabilities €2.98M
Equity
€1.44M ▼ 2.8%
Provisions
€453k ▼ 4.1%
Debt
€1.09M ▼ 4.9%
Debt's share of the balance-sheet total falls from 37.0% to 36.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€73k▼
2024 · €75k
Cash flow
€78k▲
2024 · €77k
Current ratio
0.03▲
2024 · 0.02
Debt to equity
0.76▼
2024 · 0.77
ROE
-2.9%▼
2024 · -2.8%
ROA
-1.4%▼
2024 · -1.4%
Interest coverage
8.49▲
2024 · 6.29
Debt ≤ 1 year
€213k▲
2024 · €205k
Debt > 1 year
€868k▼
2024 · €932k
Income taxes
€6k▲
2024 · €5k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.10M€2.98M▼
Fixed assets21/28€3.09M€2.97M▼
Tangible fixed assets22/27€3.09M€2.97M▼
Land and buildings22€3.08M€2.96M▼
Furniture and vehicles24€12k€12k=
Current assets29/58€4k€6k▲
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.10M€2.98M▼
Equity10/15€1.48M€1.44M▼
Contributions10/11€20k€20k=
Reserves13€1.39M€1.35M▼
Tax-exempt reserves132€1.39M€1.33M▼
Distributable reserves133€3k€19k▲
Profit (loss) carried forward14€68k€68k=
Provisions and deferred taxes16€472k€453k▼
Deferred taxes168€472k€453k▼
Amounts payable17/49€1.14M€1.09M▼
Amounts payable after more than one year17€932k€868k▼
Financial debts170/4€122k€57k▼
Other amounts payable178/9€811k€811k=
Amounts payable within one year42/48€205k€213k▲
Current portion of amounts payable after more than one year42€62k€65k▲
Trade debts44€410€0▼
Suppliers440/4€410€0▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€140k€147k▲
Accrued charges and deferred income492/3€7k€7k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€119k=
Other operating charges640/8€7k€8k▲
Gross operating margin9900€82k€81k▼
Operating profit (loss)9901€-44k€-46k▼
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Profit (loss) for the period before taxes9903€-56k€-54k▲
Transfer from deferred taxes780€19k€19k▼
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€-42k€-41k▲
Transfer from tax-exempt reserves789€57k€57k▲
Profit (loss) for the period to be appropriated9905€15k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€84k▲
Profit (loss) brought forward from the previous period14P€52k€68k▲
Transfer to equity691/2-€16k
To other reserves6921-€16k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €90k | €90k | €93k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €6k | €12k | €11k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118k | €118k | €119k | €119k | €119k | = |
| Other operating charges640/8 | €7k | €6k | €7k | €7k | €8k | ▲ 13.6% |
| Gross operating margin9900 | €84k | €78k | €82k | €82k | €81k | ▼ 0.9% |
| Operating profit (loss)9901 | €-41k | €-46k | €-44k | €-44k | €-46k | ▼ 3.9% |
| Financial charges65/66B | €21k | €18k | €15k | €12k | €9k | ▼ 27.6% |
| Recurring financial charges65 | €21k | €18k | €15k | €12k | €9k | ▼ 27.6% |
| Profit (loss) for the period before taxes9903 | €-62k | €-64k | €-59k | €-56k | €-54k | ▲ 2.8% |
| Transfer from deferred taxes780 | €19k | €19k | €19k | €19k | €19k | ▼ 1.4% |
| Income taxes67/77 | €2k | €3k | €5k | €5k | €6k | ▲ 10.2% |
| Profit (loss) for the period9904 | €-44k | €-48k | €-44k | €-42k | €-41k | ▲ 1.8% |
| Transfer from tax-exempt reserves789 | €57k | €57k | €57k | €57k | €57k | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €13k | €9k | €13k | €15k | €16k | ▲ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.45M | €3.33M | €3.22M | €3.10M | €2.98M | ▼ 3.8% |
| Fixed assets21/28 | €3.44M | €3.33M | €3.21M | €3.09M | €2.97M | ▼ 3.8% |
| Tangible fixed assets22/27 | €3.44M | €3.33M | €3.21M | €3.09M | €2.97M | ▼ 3.8% |
| Land and buildings22 | €3.43M | €3.31M | €3.20M | €3.08M | €2.96M | ▼ 3.9% |
| Furniture and vehicles24 | €12k | €12k | €12k | €12k | €12k | = |
| Current assets29/58 | €7k | €4k | €7k | €4k | €6k | ▲ 55.1% |
| Cash at bank and in hand54/58 | €5k | €2k | €5k | €1k | €3k | ▲ 150% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €3k | €3k | ▲ 13.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.45M | €3.33M | €3.22M | €3.10M | €2.98M | ▼ 3.8% |
| Equity10/15 | €1.61M | €1.57M | €1.52M | €1.48M | €1.44M | ▼ 2.8% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €1.56M | €1.51M | €1.45M | €1.39M | €1.35M | ▼ 3.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €1.56M | €1.50M | €1.45M | €1.39M | €1.33M | ▼ 4.1% |
| Distributable reserves133 | €3k | €3k | €3k | €3k | €19k | ▲ 536% |
| Profit (loss) carried forward14 | €30k | €39k | €52k | €68k | €68k | = |
| Provisions and deferred taxes16 | €530k | €511k | €491k | €472k | €453k | ▼ 4.1% |
| Deferred taxes168 | €530k | €511k | €491k | €472k | €453k | ▼ 4.1% |
| Amounts payable17/49 | €1.31M | €1.25M | €1.21M | €1.14M | €1.09M | ▼ 4.9% |
| Amounts payable after more than one year17 | €1.11M | €1.05M | €994k | €932k | €868k | ▼ 7.0% |
| Financial debts170/4 | €297k | €242k | €183k | €122k | €57k | ▼ 53.3% |
| Other amounts payable178/9 | €811k | €811k | €811k | €811k | €811k | = |
| Amounts payable within one year42/48 | €193k | €195k | €205k | €205k | €213k | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | €52k | €55k | €58k | €62k | €65k | ▲ 5.6% |
| Trade debts44 | €720 | €226 | - | €410 | €0 | ▼ 100% |
| Suppliers440/4 | €720 | €226 | - | €410 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €3k | €3k | €2k | ▼ 49.1% |
| Taxes450/3 | - | - | €3k | €3k | €2k | ▼ 49.1% |
| Other amounts payable47/48 | €140k | €140k | €144k | €140k | €147k | ▲ 4.9% |
| Accrued charges and deferred income492/3 | €8k | €6k | €7k | €7k | €7k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-44k | €-48k | €-44k | €-42k | €-41k | ▲ 1.8% |
| + Depreciation and write-downs630 | €118k | €118k | €119k | €119k | €119k | = |
| Operating cash flow (approximation) | €74k | €71k | €75k | €77k | €78k | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €0 | €0 | - |
| Change in cash | - | €-3k | €3k | €-4k | €2k | ▲ 148% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Brussel
Ground area
311 m²
Building footprint
200 m²
Volume, LiDAR
3,013 m³
Parcel 21822R0226/00C010, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00C010 | Brussels | 311 m² | 1 · 200 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded14-07-1983
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.