FiveCO
ActiveSummary
FiveCO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€188,571) and a net result of -€50,865. Equity is shrinking by ~65.5% per year across the filed fiscal years. Its solvency ranks better than 14% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▲+2
Solvency22=
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 3.08 against 16.4 in 2024; short-term debt: 0.9% and cash: 0.1% of total assets), but equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3.3%
Return on assets
-0.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€188,571
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€50,865▲ 60.7%
2024 · -€129,449
Working capital
€106,303▼ 96.4%
2024 · €2.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€106,219--€114,331▼ 7.6%-€60,580▲ 47.0%
Net result-€128,257below the sector's middle half--€129,449below the sector's middle half▼ 0.9%-€50,865below the sector's middle half▲ 60.7%
Equity-€8,257below the sector's middle half--€137,706below the sector's middle half▼ 1,568%-€188,571below the sector's middle half▼ 36.9%
Total assets€5.1mabove the sector's middle half-€5.1mwithin the sector's middle half▲ 1.1%€5.7mabove the sector's middle half▲ 10.4%
Debt€5.1m-€5.3m▲ 3.7%€5.8m▲ 11.1%
Working capital€3.2mabove the sector's middle half-€2.9mabove the sector's middle half▼ 7.0%€106,303within the sector's middle half▼ 96.4%
Solvency-0.2%below the sector's middle half--2.7%below the sector's middle half▼ 2.5pp-3.3%below the sector's middle half▼ 0.6pp
Current ratio24.57above the sector's middle half-16.40above the sector's middle half▼ 8.173.08above the sector's middle half▼ 13.32
Return on assets (ROA)-2.5%within the sector's middle half--2.5%below the sector's middle half=-0.9%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €60,580 in 2025 against €114,331 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€5.5m ▲ 176%
Current assets
€157,429 ▼ 95.0%
Key figures and ratios
EBITDA
-€9,672▲
2024 · -€68,030
Cash flow
€43▲
2024 · -€83,148
Debt to equity
-30.99▲
2024 · -38.21
Interest coverage
-0.10▲
2024 · -0.70
Debt ≤ 1 year
€51,126▼
2024 · €191,105
Debt > 1 year
€5.8m▲
2024 · €5.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,262 | €46,301 | €50,908 | ▲ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €7,334 | - |
| Other operating charges640/8 | €4,339 | €6,016 | €6,795 | ▲ 12.9% |
| Gross operating margin9900 | -€75,618 | -€62,014 | €4,456 | ▲ 107% |
| Operating profit (loss)9901 | -€106,219 | -€114,331 | -€60,580 | ▲ 47.0% |
| Financial income75/76B | €49,184 | €81,571 | €107,589 | ▲ 31.9% |
| Recurring financial income75 | €49,184 | €81,571 | €107,589 | ▲ 31.9% |
| Financial charges65/66B | €71,222 | €96,689 | €97,873 | ▲ 1.2% |
| Recurring financial charges65 | €71,222 | €96,689 | €97,873 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€128,257 | -€129,449 | -€50,865 | ▲ 60.7% |
| Profit (loss) for the period9904 | -€128,257 | -€129,449 | -€50,865 | ▲ 60.7% |
| Profit (loss) for the period to be appropriated9905 | -€128,257 | -€129,449 | -€50,865 | ▲ 60.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €5.1m | €5.1m | €5.7m | ▲ 10.4% |
| Fixed assets21/28 | €1.8m | €2.0m | €5.5m | ▲ 176% |
| Tangible fixed assets22/27 | €1.8m | €2.0m | €2.5m | ▲ 24.3% |
| Land and buildings22 | €1.8m | €2.0m | €2.5m | ▲ 24.3% |
| Financial fixed assets28 | - | - | €3.0m | - |
| Current assets29/58 | €3.3m | €3.1m | €157,429 | ▼ 95.0% |
| Amounts receivable within one year40/41 | €21,159 | €91,190 | €149,813 | ▲ 64.3% |
| Trade receivables40 | - | €1,315 | €6,526 | ▲ 396% |
| Other amounts receivable41 | €21,159 | €89,874 | €143,288 | ▲ 59.4% |
| Current investments50/53 | €3.0m | €2.9m | - | - |
| Cash at bank and in hand54/58 | €245,056 | €97,949 | €7,616 | ▼ 92.2% |
| Deferred charges and accrued income490/1 | - | €771 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €5.1m | €5.1m | €5.7m | ▲ 10.4% |
| Equity10/15 | -€8,257 | -€137,706 | -€188,571 | ▼ 36.9% |
| Contributions10/11 | €120,000 | €120,000 | €120,000 | = |
| Profit (loss) carried forward14 | -€128,257 | -€257,706 | -€308,571 | ▼ 19.7% |
| Amounts payable17/49 | €5.1m | €5.3m | €5.8m | ▲ 11.1% |
| Amounts payable after more than one year17 | €4.9m | €5.1m | €5.8m | ▲ 14.3% |
| Financial debts170/4 | €1.9m | €2.1m | €2.8m | ▲ 34.2% |
| Other amounts payable178/9 | €3.0m | €3.0m | €3.0m | ▲ 0.8% |
| Amounts payable within one year42/48 | €134,209 | €191,105 | €51,126 | ▼ 73.2% |
| Current portion of amounts payable after more than one year42 | - | €38,627 | €50,345 | ▲ 30.3% |
| Trade debts44 | €134,209 | €152,478 | €688 | ▼ 99.5% |
| Suppliers440/4 | €134,209 | €152,478 | €688 | ▼ 99.5% |
| Other amounts payable47/48 | - | - | €93 | - |
| Accrued charges and deferred income492/3 | - | €3,937 | €1,210 | ▼ 69.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€128,257 | -€129,449 | -€50,865 | ▲ 60.7% |
| + Depreciation and write-downs630 | €26,262 | €46,301 | €50,908 | ▲ 10.0% |
| Operating cash flow (approximation) | -€101,995 | -€83,148 | €43 | ▲ 100% |
| Investment in fixed assets (approximation) | - | -€267,190 | -€3.6m | ▼ 1,232% |
| Change in cash | - | -€147,107 | -€90,333 | ▲ 38.6% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet -€129,449
Net result drops to -€129,449, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mont-Saint-Guibert · 1 establishment unit since 2022
Ground area
997 m²
Building footprint
96 m²
Volume, LiDAR
487 m³
Parcel 25068B0069/00L000, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FiveCO
since 20222.336.323.687
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25068B0069/00L000 | Wallonia | 997 m² | 1 · 96 m² | 6.6 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2022
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0790350258
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.