Equity
-€543,100
Debts exceed assets in financial year 2025.
LIVING OFFICES
Lifetime
17 annual accounts with figures on one time axispeak €818,652 (2024)
€390,544▼ 52.3%
lowest -€245,368 (2021)
€114,224▼ 43.3%
peak €415,010 (2024)
-€543,100▼ €958,110
€1.3m▲ 162%
peak 10.4 FTE (2024)
2.9 FTE▼ 72.1%
Board4 names since 2015
2 directorsFRAME 21 GROUP and 1 other
Owners6 names in the annual accounts
consolidatesGRUPPO XXI
Documentsfilings and deeds
25-06-202636 days before the deadline
2025abbreviated format
Gross margin from €818,652 to €390,544Result from €201,445 to €114,224Staff from 10.4 FTE to 2.9 FTEEquity from €415,010 to -€543,100Debts from €479,770 to €1.3mInvestments €200,096
Key points
from the 2025 annual accountsDebts
€1.3m 176% of the balance sheet
Financial debts 0%Suppliers 16%Taxes and wages 4%Other 79%
Of this, €1.1m falls due within a year.
Staff
2.9 FTE from 10.4 in 2024
Between 2024 and 2025, 72% of the full-time equivalents disappeared.
Liquidity
0.47 was 1.78 in 2024
Short-term debts rose from €446,154 to €1.1m.
Filings
17 annual accounts since 2009
Two of the last ten came late. The 2018 accounts came latest: 61 days after the end of the period.
Position in the sector
-76.3%
Lower solvency than 95% of companies in real estate. Sector median 30.8% · 11,289 companies.
Checked score
54
Fair
Financially stronger than 27% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.9%▲ +0.1 percentage points vs 01-2025
03-2025: 0.8%▼ -0.1 percentage points vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.7 percentage points vs 06-2025lowest value
08-2025: 0.1%● unchanged vs 07-2025lowest value
09-2025: 0.1%● unchanged vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 1.0%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€543,100
lowers risk
Size: 2.9 FTE, total assets €712,054
Figures for financial year 2025 (filed on 25-06-2026)
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 5% of them on solvency, 16% on liquidity, 85% on profitability and 3% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,632 companies had the same profile as LIVING OFFICES has now. Each dot stands for 10 companies, two years later.
91.9%
were still trading
4.8%
stopped another way
2.9%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of LIVING OFFICES itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,632 companies, not a prediction for LIVING OFFICES. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.47 (1.78 in 2024), below 1. Short-term debt is 151.2% and cash 16.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11289 sector peers (2025).
NBB · sector comparisonPosition among 11289 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
15 days early
2023
48 days early
2022
61 days early
2021
59 days early
2020
36 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FRAME 21 GROUP 100%score 54equity -€72,968 (2025) · 2025 annual accounts of FRAME 21 GROUP
- Gruppo XXI BV consolidatesannual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899848214
1 statutory auditor reappointed
VAN HAVERMAET Bedrijfsrevisoren BV (statutory auditor) · Permanent representatives: Amerik JANSEN and Wim HEYLEN · General meeting of 30-05-2024 · Gazette deed
1 director appointed
Change of role: FRAME 21 GROUP, from director to class C director · Appointment: CLERX Didier (class A director) · Permanent representative: HEYLEN Wim · General meeting of 12-12-2023 · Gazette deed
Permanent representatives: Amerik JANSEN, Anne KOSTER and Wim HEYLEN
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| LIVING OFFICES Herentals | €0.7m | €390,544 | -76.3% | 2.9 |
| IT Dentergem | €0.6m | €375,362 | 19.6% | 3.5 |
| AXIS GATE Mont-Saint-Guibert | €0.7m | €424,231 | -49.8% | 3 |
| PHARMACIE PHARMAVIE LE ROEULX Le Roeulx | €0.8m | €290,605 | 70.1% | 4.4 |
| ARCUS Zwevegem | €0.9m | €549,586 | 50.0% | 1.6 |
| DEVAN Ypres | €0.8m | €356,526 | 78.7% | 2 |
| ENERGY DRIVE Couvin | €1.2m | €538,895 | 71.1% | 2.2 |
These companies have the same main activity as LIVING OFFICES: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €555,000 and €1.2m, founded between 1999 and 2016.
Official details
Source: KBO- Status
- Active since 13-08-2008Normal situation
- Registered office
- 257 active companies are registered at this address24 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 3 others
- Establishment unit
- 2.173.263.1252200 Herentals, since 13-08-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- ≈ €430,000estimated
- €712,054▼ 20.4%
- Employeeson 31-12-2025
- 3▼ 72.7%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Companies linked to LIVING OFFICES
Parent and group
Insights on LIVING OFFICES
LIVING OFFICES files the abbreviated format. That format states no turnover. The gross margin rose from -€3,153 in 2009 to €390,544 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets.
FRAME 21 GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about LIVING OFFICES
- What is the company number of LIVING OFFICES?
- The company number of LIVING OFFICES is 0899.848.214. The VAT number is the same number with BE in front: BE 0899.848.214.
- Where is LIVING OFFICES based?
- The registered office is at Diamantstraat 8, 2200 Herentals.Company details
- What does LIVING OFFICES do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of LIVING OFFICES?
- LIVING OFFICES is a private limited company (BV).
- When was LIVING OFFICES founded?
- LIVING OFFICES was founded on 13-08-2008.
- Is LIVING OFFICES still active?
- Yes, LIVING OFFICES is an active enterprise in the KBO register.
- How many employees does LIVING OFFICES have?
- LIVING OFFICES had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of LIVING OFFICES?
- The turnover in financial year 2025 is ≈ €430,000. This figure is estimated from the gross margin of €390,544 and 39 comparable companies (NACE 68203). It probably lies between €410,000 and €540,000.
- Is LIVING OFFICES profitable?
- In financial year 2025, LIVING OFFICES made a profit of €114,224.
- Where can I find the annual accounts of LIVING OFFICES?
- LIVING OFFICES filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of LIVING OFFICES due?
- LIVING OFFICES must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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