Summary
Further has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,798 and a net result of -€15,203. Equity is growing by ~8.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability0▼-79
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
100%
Return on assets
-21.8%
Age of the figures
20 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 30-09-2025, 30 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 · 10 filingsDeviation from the deadline
2026
not confirmed
2025
30 d late
2024
30 d late
2023
28 d late
2021
6 d early
2020
2 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€69,798▼ 17.9%
2024 · €85,001
Total assets
€69,798▼ 22.5%
2024 · €90,012
Net result
-€15,203
2024 · €7,437
Working capital
€9,869
2023 · -€32,663
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202320242025
Operating result€910€24,722▲ 2,617%€14,721-€10,088▼ 31.5%-€15,127
Net result€96€18,034▲ 18,685%€9,392-€7,437▼ 20.8%-€15,203
Equity€50,139▲ 0.2%€68,173▲ 36.0%€77,564-€85,001▲ 9.6%€69,798▼ 17.9%
Total assets€166,178▼ 2.8%€153,612▼ 7.6%€205,621-€90,012▼ 56.2%€69,798▼ 22.5%
Debt€116,039▼ 4.0%€85,439▼ 26.4%€128,057-€5,011▼ 96.1%
Working capital-€85,670▼ 212%-€43,463▲ 49.3%-€32,663-€9,869
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15,127 after €10,088 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69,798
Fixed assets
€60,237 ▼ 19.8%
Current assets
€9,561 ▼ 35.7%
Key figures and ratios
EBITDA
-€232▼
2024 · €24,869
Cash flow
-€308▼
2024 · €22,218
Solvency
100.0%▲
2024 · 94.4%
ROE
-21.8%▼
2024 · 8.7%
ROA
-21.8%▼
2024 · 8.3%
Interest coverage
-3.05▼
2024 · 345.40
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5,370 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,755 | €24,173 | €26,409 | €14,781 | €14,895 | ▲ 0.8% |
| Other operating charges640/8 | - | - | €1,607 | €1,677 | - | - |
| Non-recurring operating charges66A | - | - | - | €21,586 | - | - |
| Gross operating margin9900 | €23,095 | €49,126 | €42,737 | €48,132 | -€232 | ▼ 100% |
| Operating profit (loss)9901 | €910 | €24,722 | €14,721 | €10,088 | -€15,127 | ▼ 250% |
| Financial charges65/66B | - | - | €107 | €72 | €76 | ▲ 5.6% |
| Recurring financial charges65 | €447 | €628 | €107 | €72 | €76 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | €463 | €24,094 | €14,614 | €10,016 | -€15,203 | ▼ 252% |
| Income taxes67/77 | €367 | €6,060 | €5,222 | €2,579 | - | - |
| Profit (loss) for the period9904 | €96 | €18,034 | €9,392 | €7,437 | -€15,203 | ▼ 304% |
| Profit (loss) for the period to be appropriated9905 | €96 | €18,034 | €9,392 | €7,437 | -€15,203 | ▼ 304% |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166,178 | €153,612 | €205,621 | €90,012 | €69,798 | ▼ 22.5% |
| Fixed assets21/28 | €135,809 | €111,636 | €110,227 | €75,132 | €60,237 | ▼ 19.8% |
| Intangible fixed assets21 | €126,107 | €111,636 | €110,227 | €74,170 | €59,699 | ▼ 19.5% |
| Tangible fixed assets22/27 | €9,702 | - | - | €962 | €538 | ▼ 44.1% |
| Furniture and vehicles24 | - | - | - | €962 | €538 | ▼ 44.1% |
| Current assets29/58 | €30,369 | €41,976 | €95,394 | €14,880 | €9,561 | ▼ 35.7% |
| Amounts receivable within one year40/41 | €8,263 | €25,764 | €84,865 | €12,532 | €9,561 | ▼ 23.7% |
| Trade receivables40 | - | - | €84,000 | - | - | - |
| Other amounts receivable41 | - | - | €865 | €12,532 | €9,561 | ▼ 23.7% |
| Cash at bank and in hand54/58 | €13,034 | €15,384 | €7,872 | €283 | - | - |
| Deferred charges and accrued income490/1 | - | - | €2,657 | €2,065 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166,178 | €153,612 | €205,621 | €90,012 | €69,798 | ▼ 22.5% |
| Equity10/15 | €50,139 | €68,173 | €77,564 | €85,001 | €69,798 | ▼ 17.9% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €28,360 | €45,860 | €55,110 | €55,110 | €55,110 | = |
| Distributable reserves133 | - | - | €55,110 | €55,110 | €55,110 | = |
| Profit (loss) carried forward14 | €3,179 | €3,713 | €3,854 | €11,291 | -€3,912 | ▼ 135% |
| Amounts payable17/49 | €116,039 | €85,439 | €128,057 | €5,011 | - | - |
| Amounts payable within one year42/48 | €116,039 | €85,439 | €128,057 | €5,011 | - | - |
| Trade debts44 | €1,491 | €5,546 | €6,748 | €2,432 | - | - |
| Suppliers440/4 | - | - | €6,748 | €2,432 | - | - |
| Taxes, remuneration and social security45 | - | - | €5,222 | €2,579 | - | - |
| Taxes450/3 | - | - | €5,222 | €2,579 | - | - |
| Other amounts payable47/48 | - | - | €116,087 | - | - | - |
| Line | 2020 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96 | €18,034 | €9,392 | €7,437 | -€15,203 | ▼ 304% |
| + Depreciation and write-downs630 | €21,755 | €24,173 | €26,409 | €14,781 | €14,895 | ▲ 0.8% |
| Operating cash flow (approximation) | €21,851 | €42,207 | €35,801 | €22,218 | -€308 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €0 | - | €20,314 | €0 | ▼ 100% |
| Change in cash | - | €2,350 | - | -€7,589 | - | - |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
31-01
Financial
Liquidity quadruplescurrent ratio 2.97
Current ratio from 0.74 to 2.97; short-term debt falls from €128,057 to €5,011.
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €18,034 ▲18,685%
Operating result €24,722, net result €18,034, both a record.
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
30-06
Financial
Back to profitnet €96
Net result €96 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
01-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
2016
21-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Enghien · 1 establishment unit since 2011
Ground area
1,128 m²
Building footprint
148 m²
Volume, LiDAR
791 m³
Parcel 55025C0891/00L000, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Milststraat 6, 7850 Enghien
since 20112.201.408.169
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55025C0891/00L000 | Wallonia | 1,128 m² | 1 · 148 m² | 7.2 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded04-07-2011
Fiscal year end31-01
Scores and ratios are computed by Checked and are not a credit decision.