Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of FoamPunch is 1.5% (low). The 2025 annual accounts show equity of €1.58M and a net result of €415k. Equity is growing by ~52.2% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 22-06-2026 | 39 d early | 2026-00218679 |
| 31-12-2024 | 31-07-2025 | 24-08-2025 | 24 d late | 2025-00395683 |
| 31-12-2023 | 31-07-2024 | 27-07-2024 | 4 d early | 2024-00308696 |
| 31-12-2022 | 31-07-2023 | 29-06-2023 | 32 d early | 2023-00179741 |
| 31-12-2021 | 31-07-2022 | 23-07-2022 | 8 d early | 2022-20214684 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2025How 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).
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €644k |
| Net profit | €415k |
| Cash flow | €565k |
| Staff costs | - |
| Income taxes | €90k |
| Dividends | - |
| Total assets | €1.97M |
| Equity | €1.58M |
| Debt | €388k |
| of which ≤ 1y | €348k |
| of which > 1y | - |
| Working capital | €1.44M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 5.13 |
| Quick ratio | 5.13 |
| Working capital ratio | 73.1% |
| Solvency | 80.3% |
| Debt / equity | 0.25 |
| Long-term debt ratio | - |
| Interest coverage | 11.74 |
| Gross margin | - |
| Net margin | - |
| ROA | 21.1% |
| ROE | 26.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.97M |
| Fixed assets | 21/28 | €181k |
| Intangible fixed assets | 21 | €178k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €1.79M |
| Amounts receivable within one year | 40/41 | €178k |
| Cash & bank | 54/58 | €1.61M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.97M |
| Equity | 10/15 | €1.58M |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €1.23M |
| Amounts payable | 17/49 | €388k |
| Amounts payable within one year | 42/48 | €348k |
| Trade debts payable within one year | 44 | €344k |
| Income statement | ||
| Gross operating margin | 9900 | €645k |
| Operating result | 9901 | €494k |
| Financial income | 75 | €66k |
| Financial charges | 65 | €55k |
| Result before taxes | 9903 | €505k |
| Income taxes | 67/77 | €90k |
| Net result for the period | 9904 | €415k |
| Result to be appropriated | 9905 | €415k |
Health barometer
FY 2025 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
2 directors-
I-ILLUSIONSLegal entityDirector· perm. rep.: Van Welden , DirkState Gazette act 24430056 (20-09-2024)Current20-09-2024 → present
Former directors (1)
-
Former- → 20-09-2024
Insolvency mandates
Legal Structure
| NACE primary | Groothandel in informatie- en communicatieapparatuur(46500) |
| Legal form | Private limited company(610) |
| Incorporation | 04-06-2020 |
| Status | Active |
| Postal code | 9500 |
Structure & network
Connections & network
2 connected companiesOwnership & control
1 partyEach band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankThis address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gaverstraat(Ove) 35-39C9500 GeraardsbergenReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41056B0251/00G002 | Flanders | 766 m² | 1 · 337 m² | 7.7 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
1 verified actWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- Merger, I-ILLUSIONS
- Accounting effect , 01/01/2026
- Corporate purpose , De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in eigen naam en voor eigen rekening als in naam en voor rekening van derden, a…
- Corporate purpose , De vennootschap heeft tot voorwerp zowe! in België als in het buitenland, in eigen naam of in naam van derden, voor eigen rekening of voor rekening van derden,…
- Capital , €10.000
- Net-asset statement , 31/12/2025
Analysis
Snowflake analysis
financial profile on 5 axesExceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | FoamPunch |