Active BE 0774.555.688Private limited company

Group19

Graaf Jansdijk 134 ·8300 Knokke-Heist, Belgium· 4 yrs active

Sector: Head offices & management consulting (70200)

Conclusion Checked

The computed 12-month bankruptcy probability of Group19 is 0.7% (low). The 2024 annual accounts show negative equity (€-11k) and a net result of €6k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 1389 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-11k
Net result	€6k
Staff (FTE)	0.8
Better than sector	5%

Snowflake analysis 5 axes · computed by Checked

44 / 100

Fragile profile, watch profitability in particular.

Health 16

Profitability 0

Solvency 33

Growth 78

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.7% Low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 3 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.

Administratively compliant

No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags 0 events

No administrative flags

Health barometer FY 2024 · computed

16 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~16.8%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How 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).

Sector comparison

Fiscal year 2024 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-86.7%	43.6%	better than 5% of 1389 sector peers
Net result	€6k	€41k	better than 27% of 1390 sector peers
Equity	€-11k	€163k	better than 8% of 1390 sector peers
Gross operating margin	€127k	€72k	better than 66% of 1389 sector peers
Staff costs	€117k	€106k	higher than 52% of 255 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€9k

+224.2% 22-24

Net profit

€6k

- 22-24

Cash flow

€7k

+834.8% 22-24

Total assets

€13k

-51.4% 22-24

Equity

€-11k

+35.3% 22-24

Working capital

€-13k

+35.8% 22-24

Employees (FTE)

1

0.0% 22-24

Staff costs

€117k

-5.7% 22-24

Income taxes

€533

+45.4% 22-24

Debt

€25k

-45.1% 22-24

Debt ≤ 1y

€24k

-45.0% 22-24

Current ratio

0.47

-14.1% 22-24

Quick ratio

0.47

-14.1% 22-24

Solvency

-86.7%

-33.1% 22-24

Debt / equity

-2.15

+15.1% 22-24

ROE

-54.7%

- 22-24

ROA

47.4%

- 22-24

Interest coverage

8.39

+435.6% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Revenue	-
EBITDA	€9k
Net profit	€6k
Cash flow	€7k
Staff costs	€117k
Income taxes	€533
Dividends	-
Total assets	€13k
Equity	€-11k
Debt	€25k
of which ≤ 1y	€24k
of which > 1y	-
Working capital	€-13k
Employees (FTE)	0.8

Ratios (computed)

	2024
Current ratio	0.47
Quick ratio	0.47
Working capital ratio	-99.1%
Solvency	-86.7%
Debt / equity	-2.15
Long-term debt ratio	-
Interest coverage	8.39
Gross margin	-
Net margin	-
ROA	47.4%
ROE	-54.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €1k · 10.6% Current assets €11k · 89.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€13k
Fixed assets	21/28	€1k
Formation expenses	20	€399
Tangible fixed assets	22/27	€1k
Current assets	29/58	€11k
Amounts receivable within one year	40/41	€3k
Cash & bank	54/58	€7k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13k
Equity	10/15	€-11k
Contributions / capital	10/11	€6k
Accumulated profits (losses)	14	€-18k
Amounts payable	17/49	€25k
Amounts payable within one year	42/48	€24k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€127k
Operating result	9901	€8k
Financial income	75	€16
Financial charges	65	€1k
Result before taxes	9903	€7k
Income taxes	67/77	€533
Net result for the period	9904	€6k
Result to be appropriated	9905	€6k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

Astrid Schelfaut
Director
State Gazette act 26019003 (06-02-2026)

Current
01-01-2026 → present

Former directors (2)

DR INTERIOR MANAGEMENTLegal entity
Director· perm. rep.: Wim De Reu
State Gazette act 26019003 (06-02-2026)

Former
- → 01-01-2026
KARJULLegal entity
Director· perm. rep.: Karel Coudyser
State Gazette act 26019003 (06-02-2026)

Former
- → 01-01-2026

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Legal Structure

NACE primary	Head offices & management consulting(70200)
Legal form	Private limited company(610)
Incorporation	24-09-2021
Status	Active
Postal code	8300

Establishment units 1 location

Group19

Graaf Jansdijk 134, 8300 Knokke-HeistOverige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

since 20212.322.632.831

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels 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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31333H0733/00E000	Flanders	283 m²	1 · 118 m²	7.7 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

06-02-2026

State Gazette act Capital & shares

v3.2

2025

29-09-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

07-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

31-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2021

28-09-2021

State Gazette act Incorporation

oprichting

Belgisch Staatsblad, acts 2 acts

Capital history · 1

06-02-2026

v3.2

All acts · 2 updated 5 months ago

2026

06-02-2026 Transaction in capital or shares Capital & shares

Summary: v3.2

Original publication ↗

Technical details

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2021

28-09-2021 Incorporation of a new BV Incorporation

Summary: oprichting

Original publication ↗

Technical details

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  "founders": [
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      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1973-12-03",
        "name": "COUDYSER Karel Victor Camiel",
        "niss": null,
        "address": "8300 Knokke-Heist, Kragendijk 175 A"
      },
      "share_class": "Ordinary",
      "partner_role": null,
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      "contribution_type": "cash",
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    },
    {
      "org": null,
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      "person": {
        "dob": "1968-03-19",
        "name": "DE REU Wim Firmin Zulma",
        "niss": null,
        "address": "8300 Knokke-Heist, Hugevliet 2"
      },
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  "initial_directors": [],
  "incorporation_date": "2021-09-24",
  "post_incorporation_mandates": []
}

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Company registry (CBE) Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameNL

Group19

Registered office

Graaf Jansdijk 134

8300 Knokke-Heist, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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