Equity
Equity rose in 2025 from €107,613 to €217,614.
The dashed line is the sector median: 0.1% across 48,568 companies (NACE 70, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 33% of them on solvency, 50% on liquidity, 59% on profitability and 89% on growth.
The bankruptcy probability was computed on 07-11-2026 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).
Liquidity is tight, with a current ratio of 1.31 (3.69 in 2024), below the usual 1.5. Short-term debt is 6.8% and cash 6.7% of total assets. 66.4% of the assets are financed with debt and provisions.
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.
The company filed its last 2 accounts on average 15 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.
Shares in 1 company, GESMERCKX
Board & ownership| Company | ||||
|---|---|---|---|---|
| FOCUSTACKING Ecaussinnes | €0.6m | €180,259 | 33.6% | 0.5 |
| DELTA SIERRA PROJECTS Roosdaal | €0.9m | €167,252 | 16.6% | 1 |
| LCWL Theux | €0.5m | €233,243 | 69.0% | 0.1 |
| BEYOND - ASSOCIATIONS & EVENTS Nieuwpoort | €0.6m | €166,274 | 7.7% | 1.1 |
| Agro Pluimvee Consult Brecht | €0.6m | €180,246 | 21.5% | 0 |
| GSLJ Consult Edegem | €0.8m | €247,076 | 26.1% | 0 |
| H-MANAGEMENT COMPANY Harelbeke | €1.0m | €132,380 | 5.3% | 0.9 |
These companies have the same main activity as FOCUSTACKING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €500,000 and €1m, founded between 2023 and 2024.
FOCUSTACKING has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217,614 and a net result of €110,001.
Its solvency ranks better than 34% of 10,855 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €290,000. Estimated: probably between €230,000 and €380,000.
Higher than 34% of 10,855 companies in 2025.
Higher than 46% of 10,477 companies in 2025.
Higher than 77% of 10,724 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
647,743 | 143,983 | |
21/28 |
590,470 | 9,745 | |
22/27 |
11,204 | 9,745 | |
24 |
9,185 | 7,171 | |
26 |
2,019 | 2,574 | |
28 |
579,266 | - | |
29/58 |
57,273 | 134,238 | |
40/41 |
13,777 | 1,333 | |
40 |
8,913 | 309 | |
41 |
4,864 | 1,025 | |
54/58 |
43,104 | 132,559 | |
490/1 |
392 | 346 | |
| Balance sheet: equity and liabilities | |||
10/49 |
647,743 | 143,983 | |
10/15 |
217,614 | 107,613 | |
10/11 |
1,000 | 1,000 | |
13 |
216,614 | 106,613 | |
133 |
216,614 | 106,613 | |
17/49 |
430,129 | 36,370 | |
17 |
380,000 | - | |
170/4 |
380,000 | - | |
42/48 |
43,813 | 36,370 | |
44 |
3,129 | 658 | |
440/4 |
3,129 | 658 | |
45 |
39,947 | 35,426 | |
450/3 |
32,995 | 32,354 | |
454/9 |
6,952 | 3,072 | |
47/48 |
737 | 286 | |
492/3 |
6,316 | - | |
| Income statement | |||
76A |
8 | - | |
9900 |
180,259 | 163,902 | |
62 |
25,654 | 23,119 | |
630 |
4,604 | 2,171 | |
9901 |
150,001 | 138,613 | |
75/76B |
- | 14 | |
75 |
- | 14 | |
65/66B |
7,005 | 110 | |
65 |
7,005 | 110 | |
9903 |
142,996 | 138,517 | |
67/77 |
32,995 | 31,904 | |
9904 |
110,001 | 106,613 | |
9905 |
110,001 | 106,613 | |
| Appropriation of the result | |||
9906 |
110,001 | 106,613 | |
691/2 |
110,001 | 106,613 | |
6921 |
110,001 | 106,613 | |
| Social balance sheet | |||
9087 |
0.5 | 0.5 | |
Hours worked1013 |
895 | 808 | |
| Document | |||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 154,605 | 140,784 | ||
| 114,605 | 108,783 | ||
| 585,329 | 11,916 | ||
| -89,455 | - | ||
| 13,460 | 97,868 | ||
| 33.6% | 74.7% | ||
| 1.31 | 3.69 | ||
| 1.98 | 0.34 | ||
| 50.5% | 99.1% | ||
| 17.0% | 74.0% | ||
| 22.07 | over 100 |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| part-time | 1 | 1 |
| in full-time equivalents | 0.5 | 0.5 |
| 0.5 | 0.5 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 1 |
| Left | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €6,063 | €11,916 |
| Financial fixed assets | €579,266 | - |
| €4,604 | €2,171 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 8% higher than in 2024.
Debt's share of the balance-sheet total rises from 25.3% to 66.4%. Equity and debt are higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| GESMERCKX
registered office since 18-12-1987 · founded in 1987 |
total assets €286,735 (2025) 0432.935.843 |
| Seghers, Joëlle (sole trader)
establishment since 01-01-2004 |
founded in 2021 0862.835.784 |
The network starts from the directors of FOCUSTACKING. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
FOCUSTACKING was incorporated on 30 January 2024 as a private limited company by one natural person, with a starting capital of €1,000.12 Since 2024, NIZET,Nicolas Alain has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Stations 55 registered office 7191 Ecaussinnes | 30-01-2024 | 2.355.692.411 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55009B0228/00G002 | 1,455 m² | 1 · 218 m² | 7.9 m · 2 |
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