FULLSEND
ActiveSummary
FULLSEND has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,218 and a net result of €44,427. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 41% of 13,632 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Staff
- 4.9 FTE
- Equity
- €85,218
- Profit
- €44,427
- Shared VenturesDirector · permanent representative Van pellicom Maarten
- YarboDirector · permanent representative De Landtsheer Bob
Why 70raises risk1 change of registered office in 24 monthsFounded in 2020lowers riskLiquidity: current ratio 1.34, cash €106,410Figures for financial year 2025 (filed 14-07-2026)Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 39% on solvency, 62% on liquidity, 73% on profitability and 15% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 15 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Permanent representative: Maarten Van pellicomRegistered-office move
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result recovers in 2025; 2025 is 53% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €52,191 | €116,764 | €233,497 | ▲ 100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,145 | €4,096 | €5,507 | ▲ 34.4% |
| Other operating charges640/8 | €2,249 | €118 | €477 | ▲ 304% |
| Gross operating margin9900 | €193,271 | €172,919 | €318,930 | ▲ 84.4% |
| Operating profit (loss)9901 | €135,687 | €51,941 | €79,450 | ▲ 53.0% |
| Financial income75/76B | €37 | €141 | €422 | ▲ 199% |
| Recurring financial income75 | €37 | €141 | €422 | ▲ 199% |
| Financial charges65/66B | €590 | €514 | €16,628 | ▲ 32× |
| Recurring financial charges65 | €590 | €514 | €16,628 | ▲ 32× |
| Profit (loss) for the period before taxes9903 | €135,134 | €51,568 | €63,245 | ▲ 22.6% |
| Income taxes67/77 | €22,244 | €11,820 | €18,817 | ▲ 59.2% |
| Profit (loss) for the period9904 | €112,890 | €39,748 | €44,427 | ▲ 11.8% |
| Profit (loss) for the period to be appropriated9905 | €112,890 | €39,748 | €44,427 | ▲ 11.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €224,596 | €294,997 | €296,516 | ▲ 0.5% |
| Fixed assets21/28 | €7,167 | €9,546 | €13,277 | ▲ 39.1% |
| Tangible fixed assets22/27 | €7,167 | €9,546 | €13,277 | ▲ 39.1% |
| Plant, machinery and equipment23 | €2,668 | €1,687 | €707 | ▼ 58.1% |
| Furniture and vehicles24 | €4,499 | €7,859 | €12,570 | ▲ 59.9% |
| Current assets29/58 | €217,430 | €285,451 | €283,239 | ▼ 0.8% |
| Amounts receivable within one year40/41 | €125,271 | €144,083 | €176,492 | ▲ 22.5% |
| Trade receivables40 | €114,721 | €97,337 | €176,492 | ▲ 81.3% |
| Other amounts receivable41 | €10,550 | €46,746 | - | - |
| Cash at bank and in hand54/58 | €92,159 | €140,443 | €106,410 | ▼ 24.2% |
| Deferred charges and accrued income490/1 | - | €926 | €337 | ▼ 63.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €224,596 | €294,997 | €296,516 | ▲ 0.5% |
| Equity10/15 | €111,631 | €123,144 | €85,218 | ▼ 30.8% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €109,631 | €121,144 | €83,218 | ▼ 31.3% |
| Distributable reserves133 | €109,631 | €121,144 | €83,218 | ▼ 31.3% |
| Amounts payable17/49 | €112,965 | €171,854 | €211,298 | ▲ 23.0% |
| Amounts payable within one year42/48 | €112,965 | €171,854 | €211,298 | ▲ 23.0% |
| Trade debts44 | €14,229 | €44,168 | €62,697 | ▲ 42.0% |
| Suppliers440/4 | €14,229 | €44,168 | €62,697 | ▲ 42.0% |
| Taxes, remuneration and social security45 | €63,737 | €47,685 | €52,871 | ▲ 10.9% |
| Taxes450/3 | €52,085 | €22,244 | €22,740 | ▲ 2.2% |
| Remuneration and social security454/9 | €11,651 | €25,441 | €30,131 | ▲ 18.4% |
| Other amounts payable47/48 | €35,000 | €80,000 | €95,730 | ▲ 19.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €112,890 | €39,748 | €44,427 | ▲ 11.8% |
| + Depreciation and write-downs630 | €3,145 | €4,096 | €5,507 | ▲ 34.4% |
| Operating cash flow (approximation) | €116,035 | €43,844 | €49,934 | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | -€6,476 | -€9,238 | ▼ 42.6% |
| Change in cash | - | €48,284 | -€34,033 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-07-2026 | 2026-00288463 |
| 31-12-2024 | micro format | 18-07-2025 | 2025-00283323 |
| 31-12-2023 | micro format | 17-07-2024 | 2024-00252036 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €3,000 awarded · €3,000 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Shared Ventures |
|
| Yarbo |
|
| De Landtsheer Bob |
|
| Van pellicom Maarten |
|
Owners and capital
Capital and shareholders
- 18-10-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-08
Gazette deed
Permanent representative: Maarten Van pellicomRegistered-office move4 facts ▸
- Board meeting, 11-07-2025
- Registered-office move, Frankrijklei 112 Bus 8, 2000 Antwerpen
- Director in office, Shared Ventures BV (director)
- Permanent representative, Maarten Van pellicom
18-10
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: Van pellicom Maarten (manager) and De Landtsheer Bob (manager) · Appointments: Shared Ventures (director) and Yarbo (director) · Permanent representatives: Van pellicom Maarten and De Landtsheer Bob23 facts ▸
- General meeting, “volgende beslissingen, buitengewone algemene vergadering van de vennoten” (deed in Dutch)
- Incorporation, 22-06-2020
- Other provision, “statutenwijziging, niet gewijzigd tot op heden” (deed in Dutch)
- Amendment of the articles
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Other provision, 11-09-2023
- Other provision, 13-09-2023
- Auditor report, “Nielandt,Franken & Co Bedrijfsrevisoren BV, Lier” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, integraal opheffen en beschikbaar maken voor uitkering door overboeking naar beschikbare eigen vermogensrekeningen” (deed in Dutch)
- Director resignation, Van pellicom Maarten (manager)
- Director resignation, De Landtsheer Bob (manager)
- +11 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11803C0380/00K003 | Flanders | 659 m² | 1 · 659 m² | 31.6 m · 9 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De handelsbemiddeling in goederen,algemeen assortiment; Detailhandel in computers,randapparatuur en software in gespecialiseerde winkels…” (deed in Dutch)
44 activities (deed in Dutch)
- De handelsbemiddeling in goederen,algemeen assortiment.
- Detailhandel in computers,randapparatuur en software in gespecialiseerde winkels.
- Kleinhandel in computers en standaardprogrammatuur,kleinhandel in kantoormateriaal en meubelen.
- Kleinhandel in allerlei producten per postorder;de goederen worden naar de koper gezonden,nadat deze zijn keuze heeft gemaakt aan de hand van advertenties,al dan niet gespecialiseerd catalogi,enz.
- Detailhandel in allerlei producten via het internet(e-commerce).
- Overige detailhandel,niet in winkels en exclusief markt en straathandel.
- Overige uitgeverijen van software.
- Ontwerpen en programmeren van computerprogramma’s,computerconsultancy-activiteiten.
- Overige diensten op het gebied van informatietechnologie en computer.
- Gegevensverwerking,webhosting en aanverwante activiteiten.
- Al dan niet permanent verwerken van gegevens met behulp van een eigen programma of een programma van de klant:invoeren van gegevens en volledige verwerking van gegevens.
- Permanent beheren van en werken met gegevensverwerkende apparatuur van derden.
- Reclamebureaus.
- Ontwerpen en voeren van reclame en promotiecampagnes voor derden via de verschillende media.
- Ontwerpen en plaatsen van buitenreclame:reclameborden en panelen,lichtkranten en neonreclame,aanbrengen van reclame op bussen,enz.
- Ontwerpen van publicitaire teksten en slogans(copywriters).
- Ontwerpen van publicitaire films,ontwerpen van publicitaire artikelen.
- Concipiëren van reclametechnieken die ernaar streven de individuele consument te benaderen(direct marketing)door middel van geadresseerde reclame(direct mailing),telefonische koopvoorstellen,enz.
- Luchtreclame,markt-en opinieonderzoekbureaus.
- Onderzoek naar de omgang van de markt voor bepaalde producten,de ontvangst en de bekendheid van producten en koopgewoonten,met het oog op verkoopbevordering en ontwikkeling van nieuwe producten.
- Statistische analyses van de resultaten van het onderzoek.
- Onderzoek naar de opvatting van het publiek over politieke,economische en sociale onderwerpen en statistische analyses daarvan.
- Diverse ondersteunende activiteiten ten behoeve van voorzieningen.
- Overige zakelijke dienstverlening,n.e.g.
- Reparatie van computers en randapparatuur.
- Onderhoud en de reparatie van computers en randapparatuur.
- Onderhoud en de reparatie van rekenmachines en overige kantoormachines.
- Technisch en commercieel personeel delegeren in het domein van bedrijfseconomische aangelegenheden,zoals planning,organisatie,veiligheid,marketing,personeelsbeleid en efficiënte beheer van ondernemingen,het verstrekken van alle diensten,en activiteiten in verband met administratie,het beleid,de controle en beheer van handels-en industriële ondernemingen.
- Studie-,organisatie-en adviesbureau betreffende bedrijfseconomische aangelegenheden,zoals planning,organisatie,veiligheid,marketing,personeelsbeleid en efficiënt beheer van ondernemingen,het verstrekken van alle diensten,en activiteiten in verband met administratie,het beleid,de controle en beheer van handels-en industriële ondernemingen op alle niveaus.
- Het geven van adviezen,het maken van studies,het voorbereiden en op gang brengen van alle mogelijke organisatiesystemen en beleidssystemen.
- Alle burgerlijke,industriële,commerciële,roerende,onroerende of financiële verrichtingen verwezenlijken die van aard zijn om rechtstreeks of onrechtstreeks haar doel uit te breiden of te bevorderen,in België of in het buitenland.
- Het in toepassing brengen van alle technieken in verband met het technisch,automatisatie,administratief,milieu,boekhoudkundig,fiscaal,sociaal,financieel,economisch en algemeen beheer van ondernemingen,het geven van scholing en het organiseren van seminaries en voordrachten over deze technieken,dit zowel in eigen lokalen als in lokalen van derden.
- Het realiseren,produceren en distribueren van informatie van allerlei aard via eender welke drager.
- De ontwikkeling,studie,aankoop verkoop,leasing,huur en software,rechtstreeks of onrechtstreeks,voor eigen rekening of voor rekening van derden tegen commissie of op percent,in regie of door vertegenwoordiging van welke firma ook.
- Het beleggen,besturen en uitbaten van roerende waarden en bezitting.
- Het financieren van investeringen voor eigen rekening.
- Het beleggen van vermogen in schuldvorderingen,effecten en andere vermogenswaarde roerende en onroerende goederen,en stellen van zekerheden en verplichtingen van groepsmaatschappijen en derden,in zoverre door de wet toegestaan.
- Het aankopen,verkopen,opbouwen,verbouwen,ruilen,vernieuwen,financieren afbreken,verhuren en huren al dan niet gemeubeld,leasen,beheren en promoveren van gebouwen,alsook het kopen,verkopen,ruilen,verhuren,huren,leasen,prospecteren en uitbaten,valoriseren en verkavelen van gronden,alle gebouwen en terreinen.
- Het verwerven,onderschrijven,kopen en verkopen van aandelen,deelbewijzen en obligaties van om het even welke vennootschap,vereniging en onderneming;zij kan in deze of andere vennootschappen,verenigingen of ondernemingen mandaten van het even welke management-,organisatie-of bestuursopdracht aanvaarden en in het raam van de uitvoering ervan alle activiteiten stellen die hiervoor noodzakelijk zijn.
- Het houden,kopen,verkopen,verhuren en ter beschikking stellen van alle activiteiten die hiermee verband houden.
- Het in-en uitvoeren van,en het handel drijven in om het even welke producten en goederen,bestemd voor handel,nijverheid en verbruik.
- Zij mag zich op elke wijze interesseren in alle zaken,ondernemingen of vennootschappen die een identiek,gelijkaardig of aanverwant doel hebben,of die van aard zijn de uitbreiding van haar onderneming te bevorderen en zelfs met deze vennootschappen samen te smelten.
- Zij mag zich voor deze vennootschappen borg stellen of aval verlenen,voorschotten en krediet toestaan,hypothecaire of andere waarborgen verstrekken.
- Alle verrichtingen uitvoeren die nodig of dienstig zijn tot verwezenlijking van haar doel.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Fullsend
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)“Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, handelingen door wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “TITEL V. ALGEMENE VERGADERING Artikel 20. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)