Equity
-€367,491
Debts exceed assets in financial year 2025.
Memory Games
Lifetime
10 annual accounts with figures on one time axispeak €40,159 (2025)
€40,159▲ €78,717
lowest -€122,119 (2023)
-€1,635▲ €79,364
peak €50,585 (2016)
-€367,491▼ €1,635
€691,326▼ 0.9%
Board3 names since 2015
1 directorLeon Seutin
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from -€38,558 to €40,159Loss of €1,635Cash from €1,628 to €685
Key points
from the 2025 annual accountsLosses
-€430,159 in ten years
Every financial year from 2016 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€691,326 213% of the balance sheet
Suppliers 1%Taxes and wages 0%Other 99%
Of this, €4,241 falls due within a year.
Liquidity
19.47 was 2.27 in 2024
Short-term debts fell from €21,564 to €4,241.
Filings
10 annual accounts 8 late
The 2019 accounts came latest: 122 days after the end of the period.
Position in the sector
-113.5%
Lower solvency than 95% of companies in office administrative support. Sector median 50.3% · 9,696 companies.
Checked score
54
Fair
Financially stronger than 29% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 1.8%● unchanged vs 02-2025
04-2025: 1.8%● unchanged vs 03-2025
05-2025: 1.7%▼ -0.1 percentage points vs 04-2025
06-2025: 1.7%● unchanged vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.0%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 1.2%▼ -0.8 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.4 percentage points vs 07-2026
09-2026: 1.8%▲ +0.2 percentage points vs 08-2026
10-2026: 1.2%▼ -0.6 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Last filed accounts filed 60 days late; 1 of the last 3 accounts late
Liquidity: current ratio 19.47, cash €685, halved
Negative equity -€367,491
lowers risk
Size: total assets €323,835
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 82, micro). It does better than 5% of them on solvency, 40% on liquidity, 36% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 2,333 companies had the same profile as Memory Games has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Memory Games itself: 1.2% 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 2,333 companies, not a prediction for Memory Games. 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 ample, with a current ratio of 19.47 (2.27 in 2024), above the usual 1.5. Short-term debt is 1.3% and cash 0.2% of total assets. However, 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 risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€367,491
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
25 days late
2023
15 days early
2022
60 days late
2021
25 days early
2020
17 days late
2019
122 days late
← 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 35 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 25 August (4 of the last 5 accounts filed within 39 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0629987284
Resignation: Mortelmans Rosa (director)
General meeting of 24-10-2023 · Gazette deed
Registered office moved from Heist-op-den-Berg to Putte
New registered office: Mechelbaan 107, 2580 Putte (Beerzel) · Previous registered office: Liersesteenweg 107, 2220 Heist-op-den-Berg · Reappointment: Rosa Mortelmans (director) · Gazette deed
New director
Leon Seutin appointed, Jozef Gysemans resigned · Director discharge: Jozef Gysemans · General meeting of 06-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Memory Games Putte | €323,835 | €40,159 | -113.5% | - |
| ma5 Edegem | €298,434 | €39,055 | 20.7% | - |
| Desmo Antwerp | €352,062 | €43,023 | 37.0% | - |
| NOCC Lier | €364,517 | €43,679 | 23.3% | - |
| CURO-MANAGEMENT Geel | €303,819 | €44,783 | 38.5% | - |
| HYGEIA PROJECTS Bonheiden | €289,907 | €47,408 | 5.0% | - |
| GIRAF Ghent | €299,805 | €43,342 | 81.7% | - |
These companies have the same main activity as Memory Games: other business support services (NACE 82990). They are comparable in size and age: total assets between €290,000 and €365,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 12-05-2015Normal situation
- Activity
- Other business support servicesNACE 82990and 3 others
- Establishment unit
- 2.245.103.0082580 Putte, since 12-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Insights on Memory Games
Memory Games files the micro format. That format states no turnover. The gross margin rose from -€9,631 in 2016 to €40,159 in 2025.
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 Memory Games
- What is the company number of Memory Games?
- The company number of Memory Games is 0629.987.284. The VAT number is the same number with BE in front: BE 0629.987.284.
- Where is Memory Games based?
- The registered office is at Mechelbaan 107, 2580 Putte.Company details
- What does Memory Games do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of Memory Games?
- Memory Games is a private limited company (BV).
- When was Memory Games founded?
- Memory Games was founded on 12-05-2015.
- Is Memory Games still active?
- Yes, Memory Games is an active enterprise in the KBO register.
- What is the turnover of Memory Games?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €40,159 and 41 comparable companies (NACE 82990). It probably lies between €64,000 and €130,000.Financials
- Is Memory Games profitable?
- In financial year 2025, Memory Games made a loss of €1,635.
- Where can I find the annual accounts of Memory Games?
- Memory Games filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Memory Games due?
- Memory Games must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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