Equity
INSPIRED paid out €72,792 in dividends. That is 190% of the 2025 profit.
INSPIRED paid out €72,792 in dividends. That is 190% of the 2025 profit.
The abbreviated format states no turnover.
Three of the last ten came late. The 2016 accounts came latest: 60 days after the end of the period.
In July 2024, 14,768 companies had the same profile as INSPIRED has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,768 companies, not a prediction for INSPIRED. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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.
| Company | ||||
|---|---|---|---|---|
| INSPIRED Merelbeke-Melle | €1.2m | €139,579 | 38.2% | 0 |
| DB Invest Erpe-Mere | €1.0m | €135,550 | 87.8% | 0 |
| A.J. MANAGEMENT Les Bons Villers | €1.2m | €143,918 | 6.0% | 0 |
| T-ENTERPRISE Antwerp | €1.2m | €140,037 | 68.4% | 0 |
| COUVERCO Menen | €1.2m | €170,139 | 73.8% | 0 |
| MARK VAN LOON MILIEUADVIES Essen | €1.3m | €151,839 | 82.6% | 0 |
| VECON Schilde | €1.0m | €114,622 | 86.3% | 0 |
These companies have the same main activity as INSPIRED: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1m and €1.3m, founded between 1998 and 2005.
INSPIRED files the abbreviated format. That format states no turnover. The gross margin rose from -€3,106 in 2006 to €139,579 in 2025.
The balance sheet grew most from 2011 to 2013 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €180,000 and €290,000.
Higher than 38% of 10,633 companies in 2025.
Higher than 29% of 10,285 companies in 2025.
Higher than 43% of 10,548 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.2m | 1.2m | 1.3m | 1.4m | 1.5m | 1.4m | 1.4m | 1.5m | 1.3m | 1.3m | 1.4m | 1.4m | 1.4m | 1.2m | 810,338 | 483,098 | 438,991 | 102,260 | 23,040 | 30,755 | |
20 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 2,243 | 2,990 | |
21/28 |
729,970 | 787,958 | 853,216 | 894,978 | 947,370 | 1.0m | 1.0m | 1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.1m | 734,807 | 374,120 | 350,057 | 40,601 | 12,901 | 16,327 | |
21 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
729,905 | 787,893 | 853,152 | 894,913 | 947,306 | 1.0m | 1.0m | 1.1m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.1m | 734,742 | 374,055 | 349,992 | 40,536 | 10,659 | 13,337 | |
22 |
707,668 | 768,196 | 828,725 | 866,956 | 917,890 | 971,385 | 984,625 | 1.0m | 1.1m | 1.1m | 1.2m | 1.2m | 1.2m | 1.0m | 698,057 | 320,000 | 320,000 | - | - | - | |
23 |
547 | 891 | 1,235 | 1,580 | 432 | 864 | 1,297 | 1,729 | - | - | - | - | - | - | - | - | - | - | - | - | |
24 |
21,690 | 18,805 | 23,192 | 26,378 | 28,984 | 29,972 | 21,544 | 32,873 | 46,527 | 3,485 | 5,778 | 4,289 | 7,219 | 21,009 | 34,079 | 49,849 | 25,721 | 34,616 | 3,090 | 4,120 | |
26 |
- | - | - | - | - | - | - | 0 | - | - | - | - | 1,056 | 1,231 | 2,606 | 4,206 | 4,271 | 5,920 | 7,568 | 9,217 | |
27 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
65 | 65 | 65 | 65 | 65 | 9,365 | 9,365 | 6,265 | 3,165 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | 65 | - | - | |
29/58 |
452,354 | 449,707 | 483,429 | 536,746 | 593,947 | 435,899 | 409,241 | 392,767 | 155,913 | 144,304 | 193,855 | 162,960 | 123,589 | 131,667 | 75,532 | 108,978 | 88,935 | 61,659 | 10,138 | 14,428 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 691 | 10,022 | |
30/36 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | 691 | 10,022 | |
37 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
408,200 | 406,381 | 439,760 | 453,779 | 557,602 | 345,862 | 380,038 | 351,388 | 112,540 | 86,883 | 96,360 | 122,434 | 60,128 | 93,688 | 6,777 | 486 | 52,172 | 4,973 | 3,749 | 3,094 | |
40 |
19,360 | 19,818 | 21,095 | 27,905 | 33,338 | 15,319 | 94,700 | 59,079 | 79,840 | 86,883 | 96,360 | 122,434 | 60,128 | 54,031 | 486 | 486 | 47,882 | 3,118 | 3,727 | 2,446 | |
41 |
388,840 | 386,563 | 418,664 | 425,874 | 524,264 | 330,544 | 285,338 | 292,309 | 32,700 | - | - | - | - | 39,657 | 6,291 | - | 4,290 | 1,855 | 23 | 648 | |
50/53 |
5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 6,771 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | 5,500 | - | - | - | - | |
54/58 |
28,711 | 28,696 | 34,498 | 73,837 | 27,343 | 73,478 | 14,454 | 26,903 | 29,057 | 45,098 | 87,133 | 35,026 | 57,962 | 30,046 | 62,886 | 102,254 | 36,403 | 56,686 | 5,698 | 1,312 | |
490/1 |
9,944 | 9,130 | 3,671 | 3,630 | 3,501 | 9,787 | 9,250 | 8,976 | 8,816 | 6,823 | 4,862 | - | - | 2,434 | 369 | 739 | 360 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.2m | 1.2m | 1.3m | 1.4m | 1.5m | 1.4m | 1.4m | 1.5m | 1.3m | 1.3m | 1.4m | 1.4m | 1.4m | 1.2m | 810,338 | 483,098 | 438,991 | 102,260 | 23,040 | 30,755 | |
10/15 |
451,435 | 485,843 | 474,379 | 471,366 | 483,604 | 466,640 | 413,587 | 340,795 | 308,591 | 273,832 | 233,561 | 204,040 | 149,728 | 113,230 | 84,788 | 151,683 | 107,435 | 48,206 | 2,714 | 4,727 | |
10/11 |
40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
100 |
- | - | - | - | - | - | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
101 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
11 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
411,194 | 445,603 | 434,138 | 431,125 | 443,363 | 426,399 | 373,346 | 300,555 | 268,351 | 233,591 | 193,321 | 163,800 | 109,500 | 72,500 | 44,386 | 111,231 | 66,997 | 18,750 | - | - | |
130/1 |
- | 0 | 4,000 | 4,000 | 4,000 | 4,000 | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 3,886 | 3,731 | 1,497 | - | - | - | |
1311 |
- | 0 | 4,000 | 4,000 | 4,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | 0 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 37,500 | 18,750 | - | - | |
133 |
411,194 | 445,603 | 430,138 | 427,125 | 439,363 | 422,399 | 331,846 | 259,055 | 226,851 | 192,091 | 151,821 | 122,300 | 68,000 | 31,000 | 3,000 | 70,000 | 28,000 | - | - | - | |
14 |
240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 240 | 228 | 730 | 402 | 452 | 438 | -10,544 | -37,286 | -35,273 | |
15 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
160 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
161 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
162 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
163 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
730,890 | 751,821 | 862,266 | 960,358 | 1.1m | 980,844 | 1.0m | 1.1m | 980,787 | 1.0m | 1.1m | 1.2m | 1.2m | 1.1m | 725,550 | 331,414 | 331,557 | 54,054 | 20,326 | 26,028 | |
17 |
103,263 | 176,496 | 249,492 | 322,312 | 392,989 | 465,737 | 526,611 | 599,547 | 670,523 | 687,370 | 743,024 | 797,086 | 849,619 | 902,357 | 604,290 | 275,033 | 293,096 | 27,441 | - | - | |
170/4 |
103,263 | 176,496 | 249,492 | 322,312 | 392,989 | 465,737 | 526,611 | 599,547 | 670,523 | 687,370 | 743,024 | 797,086 | 849,619 | 902,357 | 604,290 | 275,033 | 293,096 | 27,441 | - | - | |
175 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
176 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
627,627 | 575,325 | 612,775 | 638,046 | 664,724 | 504,266 | 470,690 | 513,442 | 300,742 | 313,987 | 384,380 | 393,397 | 360,605 | 175,708 | 121,261 | 56,381 | 38,461 | 26,613 | 20,326 | 26,028 | |
42 |
73,258 | 122,996 | 72,820 | 70,677 | 72,748 | 78,916 | 72,936 | 72,225 | 69,087 | 55,653 | 54,062 | 52,533 | 52,738 | 51,045 | 22,257 | 31,019 | 26,845 | 12,231 | - | - | |
43 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
9,239 | 11,575 | 18,375 | 18,068 | 26,508 | 41,657 | 10,311 | 13,860 | 25,544 | 44,110 | 34,502 | 16,110 | 32,371 | 81,063 | 28,541 | 5,676 | 7,965 | 7,603 | 1,731 | 5,008 | |
440/4 |
9,239 | 11,575 | 18,375 | 18,068 | 26,508 | 41,657 | 10,311 | 13,860 | 25,544 | 44,110 | 34,502 | 16,110 | 32,371 | 81,063 | 28,541 | 5,676 | 7,965 | 7,603 | 1,731 | 5,008 | |
441 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
46 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
37,117 | 17,736 | 14,482 | 12,905 | 25,374 | 25,965 | 21,901 | 12,586 | 32,789 | 64,819 | 88,696 | 79,205 | 40,113 | 43,601 | 70,463 | 17,984 | 2,151 | 2,224 | 1,131 | - | |
450/3 |
17,117 | 17,736 | 14,482 | 12,905 | 25,374 | 25,965 | 21,901 | 11,986 | 32,789 | 64,819 | 88,696 | 73,852 | 33,750 | 43,601 | 70,463 | 17,905 | 2,124 | 2,224 | 1,131 | - | |
454/9 |
20,000 | - | - | - | - | - | 0 | 600 | - | - | - | 5,353 | 6,363 | - | - | 79 | 28 | - | - | - | |
47/48 |
508,012 | 423,018 | 507,097 | 536,396 | 540,094 | 357,727 | 365,541 | 414,771 | 173,322 | 149,404 | 207,119 | 245,549 | 235,382 | - | - | 1,702 | 1,499 | 4,556 | 17,464 | 21,021 | |
492/3 |
- | - | - | - | 0 | 10,841 | 15,184 | 17,172 | 9,522 | 8,904 | 12,427 | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,651 | - | 1,392 | - | - | |
9900 |
139,579 | 150,847 | 144,894 | 125,609 | 77,679 | 194,776 | 223,026 | 165,901 | 171,501 | 171,315 | 182,091 | 201,455 | 209,792 | 211,947 | 156,221 | 101,098 | 147,141 | 63,761 | 1,902 | -3,106 | |
62 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
64,714 | 67,959 | 69,794 | 67,394 | 70,941 | 75,633 | 72,534 | 72,665 | 72,878 | 61,264 | 57,725 | 65,943 | 111,922 | 122,246 | 124,307 | 36,293 | 55,579 | 15,846 | 3,426 | 3,426 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | 2,448 | - | - | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
5,817 | 4,869 | 3,179 | 3,723 | 3,549 | 3,266 | 3,194 | 3,284 | 2,917 | 3,010 | 25,520 | 2,914 | 1,466 | 829 | 1,360 | 718 | 567 | 555 | 454 | 452 | |
649 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
66A |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
69,048 | 78,019 | 71,921 | 54,493 | 3,189 | 115,877 | 147,299 | 89,952 | 95,705 | 107,041 | 98,846 | 132,598 | 96,404 | 88,872 | 30,555 | 64,086 | 88,546 | 47,360 | -1,978 | -6,984 | |
75/76B |
0 | 114 | 9 | 5 | 196,928 | 0 | 0 | 38 | - | 0 | 10 | 97 | 717 | 657 | 716 | 117 | 117 | 94 | 24 | 129 | |
75 |
0 | 114 | 9 | 5 | 50,028 | 0 | 0 | 38 | - | 0 | 10 | 97 | 717 | 657 | 716 | 117 | 117 | 94 | 24 | 129 | |
76B |
- | - | - | 0 | 146,900 | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
10,067 | 10,989 | 13,314 | 15,940 | 18,498 | 31,706 | 43,111 | 43,581 | 38,560 | 39,867 | 44,958 | 42,280 | 40,784 | 35,880 | 22,985 | 17,094 | 9,125 | 1,445 | 59 | 21 | |
65 |
10,067 | 10,989 | 13,314 | 15,940 | 18,498 | 31,706 | 43,111 | 43,581 | 38,560 | 39,867 | 44,958 | 42,280 | 40,784 | 35,880 | 22,985 | 17,094 | 9,125 | 1,445 | 59 | 21 | |
66B |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
58,982 | 67,145 | 58,615 | 38,558 | 181,619 | 84,171 | 104,188 | 46,408 | 57,145 | 67,175 | 53,898 | 90,414 | 56,337 | 53,649 | 8,285 | 65,761 | 79,537 | 47,402 | -2,013 | -6,876 | |
67/77 |
20,599 | 23,476 | 20,843 | 10,525 | 16,835 | 31,118 | 31,396 | 14,205 | 22,386 | 26,904 | 24,378 | 36,102 | 19,838 | 25,207 | 5,181 | 21,512 | 20,308 | 1,910 | 1 | 0 | |
9904 |
38,383 | 43,668 | 37,773 | 28,033 | 164,785 | 53,053 | 72,792 | 32,204 | 34,760 | 40,271 | 29,521 | 54,312 | 36,499 | 28,442 | 3,105 | 44,249 | 59,229 | 45,492 | -2,014 | -6,876 | |
789 |
- | - | - | - | 0 | 37,500 | - | 0 | - | - | - | - | - | - | - | 18,750 | - | - | - | - | |
689 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | - | - | |
9905 |
38,383 | 43,668 | 37,773 | 28,033 | 164,785 | 90,553 | 72,792 | 32,204 | 34,760 | 40,271 | 29,521 | 54,312 | 36,499 | 28,442 | 3,105 | 44,249 | 40,479 | 26,742 | -2,014 | -6,876 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
38,623 | 43,909 | 38,013 | 28,273 | 165,025 | 90,794 | 73,032 | 32,444 | 35,000 | 40,511 | 29,761 | 54,540 | 37,228 | 28,843 | 3,557 | 44,687 | 29,935 | -10,544 | -37,286 | -35,273 | |
14P |
240 | 240 | 240 | 240 | 240 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
72,792 | 32,204 | 34,760 | 40,271 | 147,821 | - | - | 0 | - | - | - | - | - | - | 70,000 | - | - | - | - | - | |
691/2 |
38,383 | 43,668 | 37,773 | 28,033 | 164,785 | 90,553 | 72,792 | 32,204 | 34,760 | 40,271 | 29,521 | 54,300 | 37,000 | 28,114 | 3,155 | 44,234 | 29,497 | - | - | - | |
691 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | 114 | 155 | 2,234 | 1,497 | - | - | - | |
6921 |
38,383 | 43,668 | 37,773 | 28,033 | 164,785 | 90,553 | 72,792 | 32,204 | 34,760 | 40,271 | 29,521 | 54,300 | 37,000 | 28,000 | 3,000 | 42,000 | 28,000 | - | - | - | |
694/7 |
72,792 | 32,204 | 34,760 | 40,271 | 147,821 | - | - | 0 | - | - | - | - | - | - | 70,000 | - | - | - | - | - | |
694 |
72,792 | 32,204 | 34,760 | 40,271 | 147,821 | - | - | 0 | - | - | - | - | - | - | 70,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
696 |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 18 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 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00184243 | |
| 31-12-2024 | abbreviated format | 26-05-2025 | 2025-00106600 | |
| 31-12-2023 | abbreviated format | 31-05-2024 | 2024-00106930 | |
| 31-12-2022 | abbreviated format | 20-06-2023 | 2023-00139992 | |
| 31-12-2021 | abbreviated format | 17-06-2022 | 2022-20073777 | |
| 31-12-2020 | abbreviated format | 04-06-2021 | 2021-17300133 | |
| 31-12-2019 | abbreviated format | 23-06-2020 | 2020-19900336 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59200476 | |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-58200599 | |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-65300250 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64300148 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-62800147 | |
| 31-12-2013 | abbreviated format | 31-10-2014 | 2014-66400442 | |
| 31-12-2012 | abbreviated format | 30-09-2013 | 2013-60000127 | |
| 31-12-2011 | abbreviated format | 28-09-2012 | 2012-58100430 | |
| 31-12-2010 | abbreviated format | 31-10-2011 | 2011-59000507 | |
| 31-12-2009 | abbreviated format | 31-08-2010 | 2010-48000157 | |
| 31-12-2008 | abbreviated format | 30-08-2009 | 2009-65400204 | |
| 31-12-2007 | abbreviated format | 29-07-2008 | 2008-47600050 | |
| 31-12-2006 | abbreviated format | 11-07-2007 | 2007-37700198 | |
| 31-12-2005 | abbreviated format | 27-07-2006 | 2006-53404920 | |
| 31-12-2004 | abbreviated format | 31-08-2005 | 2005-66101824 | |
| 31-12-2003 | abbreviated format | 21-10-2004 | 2004-74602036 | |
| 31-12-2002 | abbreviated format | 30-06-2003 | 2003-34104919 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 133,762 | 145,978 | 141,715 | 121,886 | 74,131 | 191,510 | 219,833 | 162,617 | 168,583 | 168,305 | 156,571 | 198,541 | 208,326 | 211,118 | 154,862 | 100,380 | 144,125 | 63,206 | 1,448 | -3,558 | ||
| 103,097 | 111,627 | 107,566 | 95,426 | 235,726 | 128,686 | 145,326 | 104,869 | 107,638 | 101,535 | 87,245 | 120,255 | 148,421 | 150,688 | 127,411 | 80,542 | 114,808 | 61,338 | 1,413 | -3,450 | ||
| 6,726 | 2,700 | 28,032 | 15,001 | 16,226 | 70,388 | 11,176 | 20,427 | 66,554 | 21,515 | 5,699 | 61,143 | 288,657 | 447,067 | 484,994 | 81,772 | 365,035 | 44,473 | 0 | 5,151 | ||
| 15 | -5,803 | -39,338 | 46,494 | -46,135 | 59,025 | -12,449 | -2,155 | -16,041 | -42,035 | 52,107 | -22,935 | 27,916 | -32,840 | -39,368 | 65,850 | -20,283 | 50,988 | 4,386 | - | ||
| -175,272 | -125,619 | -129,346 | -101,300 | -70,777 | -68,367 | -61,449 | -120,675 | -144,828 | -169,682 | -190,525 | -230,437 | -237,015 | -44,041 | -45,729 | 52,597 | 50,474 | 35,046 | -10,188 | -11,600 | ||
| 38.2% | 39.3% | 35.5% | 32.9% | 31.4% | 32.2% | 29.0% | 23.2% | 23.9% | 21.3% | 17.0% | 14.6% | 11.0% | 9.5% | 10.5% | 31.4% | 24.5% | 47.1% | 11.8% | 15.4% | ||
| 0.72 | 0.78 | 0.79 | 0.84 | 0.89 | 0.86 | 0.87 | 0.76 | 0.52 | 0.46 | 0.50 | 0.41 | 0.34 | 0.75 | 0.62 | 1.93 | 2.31 | 2.32 | 0.50 | 0.55 | ||
| 0.72 | 0.78 | 0.79 | 0.84 | 0.89 | 0.86 | 0.87 | 0.76 | 0.52 | 0.46 | 0.50 | 0.41 | 0.34 | 0.75 | 0.62 | 1.93 | 2.31 | 2.32 | 0.46 | 0.17 | ||
| 1.62 | 1.55 | 1.82 | 2.04 | 2.19 | 2.10 | 2.45 | 3.32 | 3.18 | 3.69 | 4.88 | 5.83 | 8.08 | 9.52 | 8.56 | 2.18 | 3.09 | 1.12 | 7.49 | 5.51 | ||
| 8.5% | 9.0% | 8.0% | 5.9% | 34.1% | 11.4% | 17.6% | 9.4% | 11.3% | 14.7% | 12.6% | 26.6% | 24.4% | 25.1% | 3.7% | 29.2% | 55.1% | 94.4% | -74.2% | -145.5% | ||
| 3.2% | 3.5% | 2.8% | 2.0% | 10.7% | 3.7% | 5.1% | 2.2% | 2.7% | 3.1% | 2.1% | 3.9% | 2.7% | 2.4% | 0.4% | 9.2% | 13.5% | 44.5% | -8.7% | -22.4% | ||
| 13.29 | 13.28 | 10.64 | 7.65 | 4.01 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €123,996 | €179,949 | €233,712 | €285,371 | €335,007 |
| Mortgages, amount registered | €362,173 | €532,724 | - | - | - |
| Carrying value of the mortgaged assets | €362,173 | €532,724 | €532,724 | €589,575 | €646,425 |
| €50,000 | €50,000 | €50,000 | €50,000 | €50,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,726 | €2,700 | €28,032 | €15,001 | €16,026 |
| Financial fixed assets | - | - | - | - | €200 |
| €64,714 | €67,959 | €69,794 | €67,394 | €70,941 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 11% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 60.7% to 61.8%. Equity and debt are lower.
Source: list of holdings in its own 2020 accounts. Every holding stands with its own latest accounts.
| Immo Galmaarden
registered office since 21-01-2021 · founded in 2021 |
total assets €3.6m (2025) 0761.909.858 |
| P&L Invest
registered office since 04-07-2019 · founded in 2019 |
total assets €2.1m (2025) 0729.813.944 |
| IMMOTICON
registered office since 12-04-2017 · founded in 2017 · negative equity (2025) |
total assets €1.8m (2025) 0674.482.867 |
| LEEUWERIK
registered office since 06-12-2024 · founded in 2024 |
total assets €774,812 (2025) 1017.050.443 |
| Luca Investments
registered office since 04-05-2021 · founded in 2021 |
total assets €232,566 (2025) 0767.819.831 |
| Food des Belges
registered office since 20-10-2021 · founded in 2021 |
total assets €132,467 (2025) 0775.959.022 |
| DIXMUDA
registered office since 26-01-2026 |
founded in 2026 1033.521.439 |
| Eolynex
registered office since 25-09-2025 |
founded in 2025 1028.154.468 |
via , no longer at · Director · deed of 03-04-2018 No longer active |
total assets €680,158 (2022) |
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
| Establishment | Since | Unit number |
|---|---|---|
| Gaversesteenweg 454 registered office 9820 Merelbeke-Melle 7020001 Business and other management consultancy | 15-11-2002 | 2.114.300.288 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44412B0915/00S000 | 1,943 m² | 1 · 252 m² | 7.7 m · 2 |
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