Equity
€307,288 from €2.8m in 2016
Equity fell by 89% in 9 years.
FOCUS
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €680,246 (2009)
-€5,890▼ €20,116
lowest -€94,027 (2018)
-€44,975▼ €30,872
peak €2.8m (2016)
€307,288▼ 12.8%
€105,544▲ 10.7%
Board1 name since 1992
1 directorSanders Johan
Documentsfilings and deeds
17-07-202614 days before the deadline
2025micro format
Gross margin from €14,226 to -€5,890Loss of €44,975Equity from €352,263 to €307,288Cash from €32,472 to €44,567
Key points
from the 2025 annual accountsLosses
-€127,594 in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Position in the sector
-€44,975
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,142 · 39,376 companies.
Turnover not published (micro format)
Checked score
90
Excellent
Financially stronger than 37% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €44,975, the second in a row (financial year 2025)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €412,832
Equity €307,288 (74.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 71% of them on solvency, 43% on liquidity, 9% on profitability and 26% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as FOCUS has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FOCUS itself is lower: 0.1% within 12 months. It rests on far more data about FOCUS than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,831 companies, not a prediction for FOCUS. 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.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (2.25 in 2024), above the usual 1.5. Short-term debt is 25.6% and cash 10.8% of total assets. 25.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
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 -€44,975
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
21 days early
2023
15 days early
2022
21 days early
2021
11 days early
2020
8 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438819981
Appointment: Sanders Johan (director)
Legal-form conversion: from public limited company to private limited company · Director discharge: Sanders Johan · Director discharge: Sanders Kristien · Gazette deed
First establishment
Lucas Munichstraat 104, Ghent
Incorporation
published on 05-12-1989 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FOCUS Ghent | €412,832 | -€5,890 | 74.4% | - |
| BEHEERS - en Beleggingsmaatschappij Kasterbeek Ronse | €347,130 | €863 | 77.7% | - |
| Adriaens Beheer Brakel | €443,730 | -€3,588 | 98.1% | - |
| FBO CONSULTING Gavere | €345,072 | -€5,703 | 83.6% | - |
| CP WORKS Merchtem | €412,481 | -€1,506 | 94.9% | - |
| DAROVE Wemmel | €420,869 | -€365 | 99.1% | - |
| CLAESSEN EN PARTNERS Grimbergen | €446,136 | -€3,340 | 77.1% | - |
These companies have the same main activity as FOCUS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €345,000 and €446,000, founded between 1983 and 1994.
Official details
Source: KBO- Status
- Active since 13-11-1989Normal situation
- Activity
- Business and other management consultancyNACE 70200and 1 other
- Establishment unit
- 2.045.873.5209000 Ghent, since 27-11-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €412,832▼ 7.8%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on FOCUS
FOCUS files the micro format. That format states no turnover. The gross margin fell from €366,511 in 2006 to -€5,890 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FOCUS
- What is the company number of FOCUS?
- The company number of FOCUS is 0438.819.981. The VAT number is the same number with BE in front: BE 0438.819.981.
- Where is FOCUS based?
- The registered office is at Lucas Munichstraat 104, 9000 Ghent.Company details
- What does FOCUS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of FOCUS?
- FOCUS is a private limited company (BV).
- When was FOCUS founded?
- FOCUS was founded on 13-11-1989.
- Is FOCUS still active?
- Yes, FOCUS is an active enterprise in the KBO register.
- What is the turnover of FOCUS?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is FOCUS profitable?
- In financial year 2025, FOCUS made a loss of €44,975.
- Where can I find the annual accounts of FOCUS?
- FOCUS filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FOCUS due?
- FOCUS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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