METHOD
ActiveSummary
The annual accounts of METHOD for fiscal year 2024 show a net loss of 86% of the equity at the start of that year. The 2024 annual accounts show equity of €3k and a net result of €-17k. Equity is shrinking by ~31.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 9% of 807 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▼-14
Solvency26▼-62
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.98 against 1.38 in 2023; short-term debt: 97.1% and cash: 19.3% of total assets), and 99% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1%
Return on assets
-6.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 807 sector peers (2024).
NBB · sector comparisonPosition among 807 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-06-2025, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
31 d early
2022
29 d early
2021
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€3k▼ 85.8%
2023 · €20k
Total assets
€271k▲ 762%
2023 · €31k
Net result
€-17k▼ 233%
2023 · €-5k
Working capital
€-4k
2023 · €4k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€37k-€-4k€-4k▼ 13.4%€-16k▼ 288%
Net result€27k-€-5k€-5k▼ 7.6%€-17k▼ 233%
Equity€30k-€25k▼ 16.0%€20k▼ 20.5%€3k▼ 85.8%
Total assets€45k-€43k▼ 2.9%€31k▼ 27.6%€271k▲ 762%
Debt€15k-€19k▲ 22.5%€12k▼ 37.2%€268k▲ 2,201%
Working capital€27k-€10k▼ 64.0%€4k▼ 60.8%€-4k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €271k
Fixed assets
€12k ▼ 31.6%
Current assets
€258k ▲ 1,792%
Equity and liabilities €271k
Equity
€3k ▼ 85.8%
Debt
€268k ▲ 2,201%
Debt's share of the balance-sheet total rises from 37.1% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2023 · €2k
Cash flow
€-11k▼
2023 · €703
Current ratio
0.98▼
2023 · 1.38
Quick ratio
0.20▼
2023 · 1.31
Debt to equity
95.39▲
2023 · 0.59
ROE
-603.2%▼
2023 · -25.8%
ROA
-6.3%▲
2023 · -16.2%
Interest coverage
-23.53▼
2023 · 3.03
Debt ≤ 1 year
€263k▲
2023 · €10k
Income taxes
€235▼
2023 · €370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €336 | €5k | €6k | €6k | ▼ 3.4% |
| Other operating charges640/8 | €275 | €1k | €847 | €1k | ▲ 71.4% |
| Gross operating margin9900 | €38k | €2k | €2k | €-9k | ▼ 477% |
| Operating profit (loss)9901 | €37k | €-4k | €-4k | €-16k | ▼ 288% |
| Financial income75/76B | €4 | €10 | €3 | €6 | ▲ 141% |
| Recurring financial income75 | €4 | €10 | €3 | €6 | ▲ 141% |
| Financial charges65/66B | €123 | €640 | €526 | €453 | ▼ 13.9% |
| Recurring financial charges65 | €123 | €640 | €526 | €453 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €37k | €-4k | €-5k | €-17k | ▼ 254% |
| Income taxes67/77 | €11k | €399 | €370 | €235 | ▼ 36.4% |
| Profit (loss) for the period9904 | €27k | €-5k | €-5k | €-17k | ▼ 233% |
| Profit (loss) for the period to be appropriated9905 | €27k | €-5k | €-5k | €-17k | ▼ 233% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45k | €43k | €31k | €271k | ▲ 762% |
| Fixed assets21/28 | €3k | €24k | €18k | €12k | ▼ 31.6% |
| Tangible fixed assets22/27 | €3k | €24k | €18k | €12k | ▼ 31.6% |
| Furniture and vehicles24 | €1k | €22k | €17k | €11k | ▼ 32.8% |
| Other tangible fixed assets26 | €1k | €1k | €1k | €983 | ▼ 14.0% |
| Current assets29/58 | €42k | €20k | €14k | €258k | ▲ 1,792% |
| Stocks and contracts in progress3 | - | - | €673 | €206k | ▲ 30,543% |
| Stocks30/36 | - | - | €673 | €206k | ▲ 30,543% |
| Amounts receivable within one year40/41 | - | - | €9k | - | - |
| Trade receivables40 | - | - | €9k | - | - |
| Cash at bank and in hand54/58 | €42k | €20k | €4k | €52k | ▲ 1,062% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45k | €43k | €31k | €271k | ▲ 762% |
| Equity10/15 | €30k | €25k | €20k | €3k | ▼ 85.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €27k | €27k | €27k | €27k | = |
| Distributable reserves133 | €27k | €27k | €27k | €27k | = |
| Profit (loss) carried forward14 | - | €-5k | €-10k | €-27k | ▼ 173% |
| Amounts payable17/49 | €15k | €19k | €12k | €268k | ▲ 2,201% |
| Amounts payable after more than one year17 | - | €9k | €2k | - | - |
| Financial debts170/4 | - | €9k | €2k | - | - |
| Amounts payable within one year42/48 | €15k | €10k | €10k | €263k | ▲ 2,549% |
| Current portion of amounts payable after more than one year42 | - | €7k | €7k | €252k | ▲ 3,606% |
| Trade debts44 | €3k | €37 | €144 | €1k | ▲ 908% |
| Suppliers440/4 | €3k | €37 | €144 | €1k | ▲ 908% |
| Taxes, remuneration and social security45 | €11k | €3k | €2k | €7k | ▲ 231% |
| Taxes450/3 | €11k | €3k | €2k | €7k | ▲ 231% |
| Other amounts payable47/48 | €1k | €529 | €850 | €2k | ▲ 176% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-5k | €-5k | €-17k | ▼ 233% |
| + Depreciation and write-downs630 | €336 | €5k | €6k | €6k | ▼ 3.4% |
| Operating cash flow (approximation) | €27k | €56 | €703 | €-11k | ▼ 1,714% |
| Investment in fixed assets (approximation) | - | €-26k | €273 | €0 | ▼ 100% |
| Change in cash | - | €-22k | €-15k | €48k | ▲ 416% |
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
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Hasselt · 1 establishment unit since 2020
Ground area
215 m²
Building footprint
98 m²
Parcel 71326F0092/00M007, Flanders. Linked by address, not a title deed.
1 establishment unit
METHOD
since 20202.298.550.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0092/00M007 | Flanders | 215 m² | 1 · 98 m² | - |
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.
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Of 13,502 companies in sector 85510 we hold annual accounts for 720. 351 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
Founded29-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
85510Sports and recreation education
13950Manufacture of textiles
14240Manufacture of wearing apparel
14299Manufacture of wearing apparel
15120Manufacture of leather and related products
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
Scores and ratios are computed by Checked and are not a credit decision.