Het Compas
ActiveSummary
Het Compas has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €964,291 and a net result of €243,002. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 1323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+18
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 25.06 against 9.37 in 2024; short-term debt: 4% and cash: 53.3% of total assets), and 4.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.8%
Return on assets
24.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
2025
31 d late
2024
54 d late
2023
28 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
106 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€964,291▲ 33.7%
2024 · €721,290
Total assets
€1.0m▲ 24.1%
2024 · €810,508
Net result
€243,002▲ 77.9%
2024 · €136,611
Working capital
€960,961▲ 33.5%
2024 · €719,931
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€137,332▲ 41.6%€140,389▲ 2.2%€105,889▼ 24.6%€97,950▼ 7.5%€95,103▼ 2.9%
Net result€76,272above the sector's middle half▼ 41.2%€96,755above the sector's middle half▲ 26.9%€68,641above the sector's middle half▼ 29.1%€136,611above the sector's middle half▲ 99.0%€243,002above the sector's middle half▲ 77.9%
Equity€599,282above the sector's middle half▲ 2.8%€636,037above the sector's middle half▲ 6.1%€644,679above the sector's middle half▲ 1.4%€721,290above the sector's middle half▲ 11.9%€964,291above the sector's middle half▲ 33.7%
Total assets€893,318above the sector's middle half▲ 7.5%€740,713above the sector's middle half▼ 17.1%€722,650above the sector's middle half▼ 2.4%€810,508above the sector's middle half▲ 12.2%€1.0mabove the sector's middle half▲ 24.1%
Debt€294,035▲ 18.4%€104,676▼ 64.4%€77,972▼ 25.5%€89,219▲ 14.4%€41,850▼ 53.1%
Working capital€602,296▲ 2.6%€634,617▲ 5.4%€640,583▲ 0.9%€719,931▲ 12.4%€960,961▲ 33.5%
Solvency67.1%above the sector's middle half▼ 3.0pp85.9%above the sector's middle half▲ 18.8pp89.2%above the sector's middle half▲ 3.3pp89.0%above the sector's middle half▼ 0.2pp95.8%above the sector's middle half▲ 6.8pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 3% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€5,248 ▲ 15.3%
Current assets
€1.0m ▲ 24.2%
Equity and liabilities €1.0m
Equity
€964,291 ▲ 33.7%
Debt
€41,850 ▼ 53.1%
Debt's share of the balance-sheet total falls from 11.0% to 4.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,555▼
2024 · €99,589
Cash flow
€244,453▲
2024 · €138,251
Current ratio
25.06▲
2024 · 9.37
Quick ratio
22.47▲
2024 · 8.06
Debt to equity
0.04▼
2024 · 0.12
ROE
25.2%▲
2024 · 18.9%
ROA
24.2%▲
2024 · 16.9%
Interest coverage
-0.53▲
2024 · -1.55
Debt ≤ 1 year
€39,933▼
2024 · €86,024
Income taxes
€45,233▲
2024 · €34,921
Staff costs
€56,217▲
2024 · €54,254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,082 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €46,685 | €48,602 | €54,107 | €54,254 | €56,217 | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,708 | €1,362 | €1,329 | €1,640 | €1,451 | ▼ 11.5% |
| Other operating charges640/8 | €1,278 | €1,072 | €1,587 | €1,098 | €1,105 | ▲ 0.6% |
| Non-recurring operating charges66A | €640 | - | - | - | - | - |
| Gross operating margin9900 | €187,643 | €191,426 | €162,911 | €154,941 | €153,877 | ▼ 0.7% |
| Operating profit (loss)9901 | €137,332 | €140,389 | €105,889 | €97,950 | €95,103 | ▼ 2.9% |
| Financial income75/76B | €2,141 | €2,456 | €3,605 | €9,327 | €9,653 | ▲ 3.5% |
| Recurring financial income75 | €2,141 | €2,456 | €3,605 | €9,327 | €9,653 | ▲ 3.5% |
| Financial charges65/66B | €25,877 | €6,468 | €14,507 | -€64,256 | -€183,479 | ▼ 186% |
| Recurring financial charges65 | €25,877 | €6,468 | €14,507 | -€64,256 | -€183,479 | ▼ 186% |
| Profit (loss) for the period before taxes9903 | €113,596 | €136,377 | €94,987 | €171,532 | €288,235 | ▲ 68.0% |
| Income taxes67/77 | €37,324 | €39,622 | €26,346 | €34,921 | €45,233 | ▲ 29.5% |
| Profit (loss) for the period9904 | €76,272 | €96,755 | €68,641 | €136,611 | €243,002 | ▲ 77.9% |
| Transfer from tax-exempt reserves789 | €5,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €81,272 | €96,755 | €68,641 | €136,611 | €243,002 | ▲ 77.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €893,318 | €740,713 | €722,650 | €810,508 | €1.0m | ▲ 24.1% |
| Fixed assets21/28 | €7,049 | €6,052 | €6,193 | €4,553 | €5,248 | ▲ 15.3% |
| Intangible fixed assets21 | €0 | - | €1,453 | €963 | €473 | ▼ 50.9% |
| Tangible fixed assets22/27 | €4,814 | €3,817 | €2,505 | €1,356 | €2,541 | ▲ 87.4% |
| Furniture and vehicles24 | €4,814 | €3,817 | €2,505 | €1,356 | €2,541 | ▲ 87.4% |
| Financial fixed assets28 | €2,235 | €2,235 | €2,235 | €2,235 | €2,235 | = |
| Current assets29/58 | €886,269 | €734,661 | €716,457 | €805,955 | €1.0m | ▲ 24.2% |
| Stocks and contracts in progress3 | €131,540 | €120,992 | €118,544 | €112,749 | €103,460 | ▼ 8.2% |
| Stocks30/36 | €131,540 | €120,992 | €118,544 | €112,749 | €103,460 | ▼ 8.2% |
| Amounts receivable within one year40/41 | €25,989 | €28,694 | €25,658 | €20,993 | €14,101 | ▼ 32.8% |
| Trade receivables40 | €25,893 | €28,621 | €25,560 | €20,993 | €12,230 | ▼ 41.7% |
| Other amounts receivable41 | €96 | €74 | €97 | - | €1,872 | - |
| Current investments50/53 | €519,585 | €330,641 | €318,994 | €345,229 | €344,975 | ▼ 0.1% |
| Cash at bank and in hand54/58 | €209,015 | €254,335 | €251,734 | €324,888 | €536,513 | ▲ 65.1% |
| Deferred charges and accrued income490/1 | €139 | - | €1,528 | €2,097 | €1,844 | ▼ 12.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €893,318 | €740,713 | €722,650 | €810,508 | €1.0m | ▲ 24.1% |
| Equity10/15 | €599,282 | €636,037 | €644,679 | €721,290 | €964,291 | ▲ 33.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €580,682 | €617,437 | €626,079 | €702,690 | €945,691 | ▲ 34.6% |
| Non-distributable reserves130/1 | €9,750 | €5,195 | €5,195 | €5,195 | €5,195 | = |
| Reserves not available under the articles1311 | €6,415 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Other1319 | €3,335 | €3,335 | €3,335 | €3,335 | €3,335 | = |
| Distributable reserves133 | €570,932 | €612,242 | €620,883 | €697,495 | €940,496 | ▲ 34.8% |
| Amounts payable17/49 | €294,035 | €104,676 | €77,972 | €89,219 | €41,850 | ▼ 53.1% |
| Amounts payable within one year42/48 | €283,973 | €100,044 | €75,874 | €86,024 | €39,933 | ▼ 53.6% |
| Trade debts44 | €4,794 | €17,440 | €6,564 | €7,673 | €5,115 | ▼ 33.3% |
| Suppliers440/4 | €4,794 | €17,440 | €6,564 | €7,673 | €5,115 | ▼ 33.3% |
| Taxes, remuneration and social security45 | €24,469 | €36,953 | €12,967 | €21,622 | €30,279 | ▲ 40.0% |
| Taxes450/3 | €18,829 | €30,983 | €6,335 | €14,891 | €20,809 | ▲ 39.7% |
| Remuneration and social security454/9 | €5,640 | €5,971 | €6,633 | €6,731 | €9,470 | ▲ 40.7% |
| Other amounts payable47/48 | €254,709 | €45,651 | €56,344 | €56,729 | €4,539 | ▼ 92.0% |
| Accrued charges and deferred income492/3 | €10,063 | €4,632 | €2,097 | €3,195 | €1,918 | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,272 | €96,755 | €68,641 | €136,611 | €243,002 | ▲ 77.9% |
| + Depreciation and write-downs630 | €1,708 | €1,362 | €1,329 | €1,640 | €1,451 | ▼ 11.5% |
| Operating cash flow (approximation) | €77,980 | €98,117 | €69,970 | €138,251 | €244,453 | ▲ 76.8% |
| Investment in fixed assets (approximation) | - | -€365 | -€1,470 | €0 | -€2,147 | - |
| Change in cash | - | €45,319 | -€2,601 | €73,154 | €211,625 | ▲ 189% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €243,002 ▲77.9%
Net result €243,002, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 25.06
Current ratio from 9.37 to 25.06; short-term debt falls from €86,024 to €39,933.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 7.34
Current ratio from 3.12 to 7.34; short-term debt falls from €283,973 to €100,044.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 106 days late
2019
31-12
Financial
Equity above €500,000Eq €598,263 ▲25.7%
2 profitable years in a row build equity to €598,263.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Oostende · 1 establishment unit since 1975
Ground area
4.9 ha
Building footprint
1.2 ha
Volume, LiDAR
97,971 m³
Parcel 35382G0267/00T000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
HET COMPAS
since 19752.038.483.506
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382G0267/00T000 | Flanders | 4.9 ha | 1 · 1.2 ha | 11.3 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900QYI6AFS58D2O50
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Of 298 companies in sector 33150 we hold annual accounts for 159. 106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-10-1975
Fiscal year end31-12
Activities, NACEBEL 2025
33150Repair, maintenance and installation of machinery and equipment
46499Wholesale of other household goods
52220Warehousing and support activities for transportation
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415377061
Also
9925:BE0415377061
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.