Markup
ActiveSummary
Markup has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,000 and a net result of €12,702. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-8
Solvency30▼-70
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7833 sector peers (2025).
NBB · sector comparisonPosition among 7833 sector peers
Solvency
better than 16%
← 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 12-06-2026, 49 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
49 d early
2024
36 d early
2023
29 d early
2022
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€5,000▼ 93.9%
2024 · €81,986
Total assets
€95,930▼ 3.7%
2024 · €99,624
Net result
€12,702▼ 35.5%
2024 · €19,707
Working capital
-€52,067
2024 · €17,816
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line2022202320242025
Operating result€36,536-€36,546=€25,897▼ 29.1%€18,135▼ 30.0%
Net result€28,867within the sector's middle half-€28,412within the sector's middle half▼ 1.6%€19,707within the sector's middle half▼ 30.6%€12,702within the sector's middle half▼ 35.5%
Equity€33,867within the sector's middle half-€62,279within the sector's middle half▲ 83.9%€81,986within the sector's middle half▲ 31.6%€5,000below the sector's middle half▼ 93.9%
Total assets€51,257below the sector's middle half-€94,884within the sector's middle half▲ 85.1%€99,624within the sector's middle half▲ 5.0%€95,930within the sector's middle half▼ 3.7%
Debt€17,390-€32,605▲ 87.5%€17,638▼ 45.9%€90,930▲ 416%
Working capital€24,399within the sector's middle half--€1,491within the sector's middle half€17,816within the sector's middle half-€52,067below the sector's middle half
Solvency66.1%within the sector's middle half-65.6%within the sector's middle half▼ 0.4pp82.3%above the sector's middle half▲ 16.7pp5.2%below the sector's middle half▼ 77.1pp
Current ratio2.40within the sector's middle half-0.95within the sector's middle half▼ 1.452.01within the sector's middle half▲ 1.060.43below the sector's middle half▼ 1.58
Return on assets (ROA)56.3%above the sector's middle half-29.9%above the sector's middle half▼ 26.4pp19.8%within the sector's middle half▼ 10.2pp13.2%within the sector's middle half▼ 6.5pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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 two years in a row; 2025 is 30% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €95,930
Fixed assets
€57,067 ▼ 11.1%
Current assets
€38,863 ▲ 9.6%
Equity and liabilities €95,930
Equity
€5,000 ▼ 93.9%
Debt
€90,930 ▲ 416%
Debt's share of the balance-sheet total rises from 17.7% to 94.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,420▼
2024 · €33,147
Cash flow
€20,987▼
2024 · €26,956
Debt to equity
18.19▲
2024 · 0.22
ROE
254.0%▲
2024 · 24.0%
Interest coverage
297.22▲
2024 · 289.44
Debt ≤ 1 year
€90,930▲
2024 · €17,638
Income taxes
€5,344▼
2024 · €6,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 2,151 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,237 | €5,312 | €7,250 | €8,285 | ▲ 14.3% |
| Other operating charges640/8 | €302 | €1,050 | €1,434 | €1,492 | ▲ 4.0% |
| Gross operating margin9900 | €38,075 | €42,908 | €34,581 | €27,912 | ▼ 19.3% |
| Operating profit (loss)9901 | €36,536 | €36,546 | €25,897 | €18,135 | ▼ 30.0% |
| Financial income75/76B | €71 | €0 | €92 | €0 | ▼ 100.0% |
| Recurring financial income75 | €71 | €0 | €92 | €0 | ▼ 100.0% |
| Financial charges65/66B | €157 | €178 | €115 | €89 | ▼ 22.4% |
| Recurring financial charges65 | €157 | €178 | €115 | €89 | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €36,449 | €36,368 | €25,875 | €18,046 | ▼ 30.3% |
| Income taxes67/77 | €7,581 | €7,956 | €6,169 | €5,344 | ▼ 13.4% |
| Profit (loss) for the period9904 | €28,867 | €28,412 | €19,707 | €12,702 | ▼ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €28,867 | €28,412 | €19,707 | €12,702 | ▼ 35.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €51,257 | €94,884 | €99,624 | €95,930 | ▼ 3.7% |
| Fixed assets21/28 | €9,469 | €63,770 | €64,170 | €57,067 | ▼ 11.1% |
| Tangible fixed assets22/27 | €9,469 | €63,770 | €64,170 | €57,067 | ▼ 11.1% |
| Land and buildings22 | €9,469 | €63,770 | €60,047 | €52,805 | ▼ 12.1% |
| Furniture and vehicles24 | - | - | €4,123 | €4,262 | ▲ 3.4% |
| Current assets29/58 | €41,789 | €31,114 | €35,454 | €38,863 | ▲ 9.6% |
| Amounts receivable within one year40/41 | €5,325 | €14,741 | €16,033 | €12,227 | ▼ 23.7% |
| Trade receivables40 | €5,003 | €14,741 | €16,021 | €10,480 | ▼ 34.6% |
| Other amounts receivable41 | €322 | €0 | €11 | €1,748 | ▲ 15,256% |
| Cash at bank and in hand54/58 | €36,451 | €6,257 | €11,167 | €19,065 | ▲ 70.7% |
| Deferred charges and accrued income490/1 | €12 | €10,117 | €8,254 | €7,571 | ▼ 8.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €51,257 | €94,884 | €99,624 | €95,930 | ▼ 3.7% |
| Equity10/15 | €33,867 | €62,279 | €81,986 | €5,000 | ▼ 93.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €28,867 | €57,279 | €76,986 | €0 | ▼ 100% |
| Amounts payable17/49 | €17,390 | €32,605 | €17,638 | €90,930 | ▲ 416% |
| Amounts payable within one year42/48 | €17,390 | €32,605 | €17,638 | €90,930 | ▲ 416% |
| Financial debts43 | - | €242 | €139 | €89 | ▼ 35.8% |
| Credit institutions430/8 | - | €242 | €139 | €89 | ▼ 35.8% |
| Trade debts44 | €1,671 | €3,775 | €2,969 | €1,933 | ▼ 34.9% |
| Suppliers440/4 | €1,671 | €3,775 | €2,969 | €1,933 | ▼ 34.9% |
| Taxes, remuneration and social security45 | €12,936 | €25,734 | €13,687 | €9,486 | ▼ 30.7% |
| Taxes450/3 | €12,936 | €23,279 | €11,186 | €6,917 | ▼ 38.2% |
| Remuneration and social security454/9 | - | €2,455 | €2,500 | €2,569 | ▲ 2.7% |
| Other amounts payable47/48 | €2,784 | €2,854 | €843 | €79,423 | ▲ 9,316% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,867 | €28,412 | €19,707 | €12,702 | ▼ 35.5% |
| + Depreciation and write-downs630 | €1,237 | €5,312 | €7,250 | €8,285 | ▲ 14.3% |
| Operating cash flow (approximation) | €30,104 | €33,724 | €26,956 | €20,987 | ▼ 22.1% |
| Investment in fixed assets (approximation) | - | -€59,614 | -€7,649 | -€1,182 | ▲ 84.5% |
| Change in cash | - | -€30,194 | €4,911 | €7,898 | ▲ 60.8% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €12,702 ▼35.5%
Net result drops to €12,702, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.95 to 2.01; short-term debt falls from €32,605 to €17,638.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2021
Ground area
301 m²
Building footprint
116 m²
Volume, LiDAR
984 m³
Parcel 11303C0294/00E004, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Markup
since 20212.318.100.555
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0294/00E004 | Flanders | 301 m² | 1 · 116 m² | 12.4 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 231 EUR awarded · 231 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 231 EUR | 231 EUR |
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 3,140 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
Founded09-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
68121Development of residential building projects
68122Development of non-residential building projects
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769520992
Also
9925:BE0769520992
Registered
18-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.