Equity
NETKNOWLEDGE has made a profit without a break since 2018.
NETKNOWLEDGE has made a profit without a break since 2018.
The 2016 accounts came 25 days late. The other nine of the last ten were filed on time.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro). It does better than 86% of them on solvency, 75% on liquidity, 63% on profitability and 62% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 31,368 companies had the same profile as NETKNOWLEDGE has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NETKNOWLEDGE itself: < 0.1% within 12 months.
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 31,368 companies, not a prediction for NETKNOWLEDGE. 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.
Liquidity is ample, with a current ratio of 4.17 (3.83 in 2024), above the usual 1.5. Short-term debt is 22.8% and cash 32.7% of total assets. 22.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| NETKNOWLEDGE Brussels | €336,610 | €101,479 | 77.2% | - |
| DEGECOM Brussels | €335,127 | €91,140 | 77.7% | - |
| B-DOCS Brussels | €285,959 | €85,479 | 66.9% | - |
| JBG Woluwe-Saint-Pierre | €365,857 | €115,433 | 85.1% | - |
| WEISENGRUN MANAGEMENT Uccle | €394,370 | €102,095 | 95.1% | - |
| FILIGRANES Ixelles | €313,405 | €120,126 | 10.3% | 0 |
| PHARMA VISION Berchem-Sainte-Agathe | €288,758 | €114,928 | 40.6% | - |
These companies have the same main activity as NETKNOWLEDGE: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €286,000 and €394,000, founded between 2003 and 2006.
NETKNOWLEDGE files the micro format. That format states no turnover. The gross margin rose from €62,094 in 2006 to €101,479 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €140,000 and €210,000.
Higher than 74% of 39,360 companies in 2025.
Higher than 74% of 38,044 companies in 2025.
Higher than 59% of 38,516 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| 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 |
336,610 | 300,074 | 239,813 | 200,873 | 163,453 | 99,230 | 49,058 | 32,551 | 29,196 | 41,490 | 27,870 | 23,399 | 61,558 | 64,434 | 70,519 | 91,006 | 83,329 | 97,986 | 134,437 | 149,091 | |
21/28 |
15,911 | 19,062 | 18,624 | 21,480 | 21,982 | 11,418 | 10,078 | 8,518 | 6,690 | 9,925 | 2,662 | 4,521 | 13,048 | 33,993 | 38,089 | 56,050 | 55,902 | 83,548 | 104,640 | 107,057 | |
22/27 |
15,043 | 18,194 | 17,756 | 20,790 | 21,292 | 10,728 | 9,388 | 7,828 | 6,000 | 9,235 | 1,972 | 3,831 | 12,358 | 20,781 | 24,878 | 41,492 | 41,344 | 68,989 | 90,082 | 93,846 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6,414 | 11,627 | 23,841 | 30,055 | - | |
24 |
13,043 | 16,194 | 15,756 | 18,790 | 19,292 | 8,728 | 9,388 | 7,828 | 6,000 | 9,235 | 1,972 | 3,831 | 12,358 | 20,781 | 24,878 | 33,569 | 26,699 | 40,622 | 53,992 | 11,339 | |
26 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | 1,509 | 3,017 | 4,526 | 6,035 | - | |
28 |
868 | 868 | 868 | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 13,211 | 13,211 | 14,558 | 14,558 | 14,558 | 14,558 | 13,211 | |
29/58 |
320,699 | 281,011 | 221,189 | 179,393 | 141,471 | 87,812 | 38,980 | 24,032 | 22,506 | 31,565 | 25,208 | 18,878 | 48,510 | 30,441 | 32,430 | 34,956 | 27,426 | 14,438 | 29,797 | 42,034 | |
29 |
35,000 | 50,000 | 50,000 | 50,000 | - | - | - | - | - | - | 25,208 | 18,878 | 48,510 | 30,441 | 32,430 | 34,956 | 27,426 | 14,438 | 29,797 | 33,701 | |
290 |
- | - | - | - | - | - | - | - | - | - | 12,057 | 12,105 | 48,249 | 30,135 | 32,430 | 34,956 | 27,426 | 14,438 | 29,797 | 25,943 | |
291 |
35,000 | 50,000 | 50,000 | 50,000 | - | - | - | - | - | - | 13,151 | 6,773 | 262 | 306 | - | - | - | - | - | 7,758 | |
40/41 |
54,588 | 48,229 | 41,034 | 34,401 | 48,143 | 49,014 | 37,765 | 24,032 | 22,506 | 31,565 | - | - | - | - | - | - | - | - | - | - | |
40 |
33,006 | 37,251 | 40,283 | 34,097 | 35,298 | 26,040 | 15,675 | 11,864 | 11,419 | 24,503 | - | - | - | - | - | - | - | - | - | - | |
41 |
21,582 | 10,978 | 751 | 304 | 12,845 | 22,974 | 22,090 | 12,168 | 11,087 | 7,062 | - | - | - | - | - | - | - | - | - | - | |
50/53 |
121,181 | 117,062 | 107,548 | 33,130 | 7,315 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
109,931 | 65,721 | 22,607 | 61,862 | 86,013 | 37,619 | 37 | - | - | - | - | - | - | - | - | - | - | - | - | 4,430 | |
490/1 |
- | - | - | - | - | 1,179 | 1,179 | - | - | - | - | - | - | - | - | - | - | - | - | 3,903 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
336,610 | 300,074 | 239,813 | 200,873 | 163,453 | 99,230 | 49,058 | 32,551 | 29,196 | 41,490 | 27,870 | 23,399 | 61,558 | 64,434 | 70,519 | 91,006 | 83,329 | 97,986 | 134,437 | 149,091 | |
10/15 |
259,760 | 226,683 | 182,282 | 144,530 | 107,906 | 58,840 | 24,113 | 7,007 | -14,998 | -4,782 | -2,629 | -1,038 | -6,099 | -12,780 | -15,479 | -17,461 | -11,251 | -10,086 | 1,523 | 15,145 | |
10/11 |
6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | 6,250 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | 12,350 | |
13 |
253,510 | 220,433 | 176,032 | 138,280 | 101,543 | 52,477 | 17,750 | 644 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | |
130/1 |
- | - | - | 644 | 644 | 644 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 644 | 644 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | 638 | |
1311 |
- | - | - | 644 | 644 | 644 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
253,510 | 220,433 | 176,032 | 137,637 | 100,899 | 51,833 | 17,106 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
- | - | - | - | 113 | 113 | 113 | 113 | -21,886 | -11,670 | -9,516 | -7,926 | -12,987 | -19,668 | -22,366 | -24,348 | -18,139 | -16,974 | -5,365 | 8,257 | |
17/49 |
76,850 | 73,390 | 57,531 | 56,343 | 55,548 | 40,390 | 24,945 | 25,544 | 44,195 | 46,272 | 30,498 | 24,437 | 67,657 | 77,214 | 85,998 | 108,467 | 94,580 | 108,072 | 132,914 | 133,946 | |
17 |
- | - | - | 692 | 4,806 | - | - | - | - | - | - | - | - | 9,716 | 12,910 | 14,394 | 17,718 | 32,338 | 49,120 | 75,253 | |
170/4 |
- | - | - | 692 | 4,806 | - | - | - | - | - | - | - | - | 9,716 | 12,910 | 14,394 | 17,718 | 32,338 | 49,120 | 75,253 | |
42/48 |
76,850 | 73,390 | 57,531 | 55,651 | 50,392 | 40,390 | 24,945 | 25,544 | 44,195 | 46,272 | 30,498 | 24,437 | 67,657 | 67,498 | 69,436 | 94,073 | 76,385 | 75,077 | 83,794 | 58,693 | |
42 |
15,880 | 15,886 | 10,692 | 4,114 | 4,053 | - | - | - | - | - | - | - | 9,716 | 12,794 | 12,055 | 16,508 | 14,620 | 17,737 | 15,896 | 18,387 | |
43 |
- | - | - | - | - | - | - | 9,609 | 19,701 | 12,168 | 16,856 | 6,096 | 8,560 | 13,241 | 12,079 | 16,523 | 13,601 | 19,597 | 10,076 | - | |
430/8 |
- | - | - | - | - | - | - | 9,609 | 19,701 | 12,168 | 16,856 | 6,096 | 8,560 | 13,241 | 12,079 | 16,523 | 13,601 | 19,597 | 10,076 | - | |
44 |
3,351 | 4,523 | 7,046 | 3,250 | 6,348 | 325 | 1,374 | 4,969 | 4,077 | 17,217 | 946 | 574 | 28,967 | 7,571 | 2,085 | 7,828 | 466 | 5,963 | 5,932 | 9,229 | |
440/4 |
3,351 | 4,523 | 7,046 | 3,250 | 6,348 | 325 | 1,374 | 4,969 | 4,077 | 17,217 | 946 | 574 | 28,967 | 7,571 | 2,085 | 7,828 | 466 | 5,963 | 5,932 | 9,229 | |
45 |
22,891 | 34,210 | 38,128 | 31,185 | 39,991 | 40,065 | 23,571 | 10,967 | 20,416 | 16,886 | 12,696 | 17,767 | 19,453 | 17,732 | 16,270 | 5,336 | 15,750 | 14,310 | 16,763 | 31,077 | |
450/3 |
22,891 | 34,210 | 34,979 | 31,185 | 36,920 | 40,065 | 23,571 | 10,967 | 20,416 | 16,886 | 12,696 | 17,767 | 19,453 | 17,732 | 16,270 | 5,336 | 15,750 | 14,310 | 16,763 | 31,077 | |
454/9 |
- | - | 3,149 | - | 3,071 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
34,727 | 18,772 | 1,666 | 17,101 | - | - | - | - | - | - | - | - | 962 | 16,161 | 26,946 | 47,878 | 31,948 | 17,470 | 35,128 | - | |
492/3 |
- | - | - | - | 350 | - | - | - | - | - | - | - | - | - | 3,652 | - | 477 | 657 | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 116,687 | - | - | |
76A |
- | - | - | 660 | 10,556 | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,287 | 331 | |
9900 |
101,479 | 95,946 | 77,925 | 80,934 | 77,815 | 56,650 | 40,304 | 41,693 | 11,674 | 9,377 | 5,535 | 24,107 | 44,103 | 26,939 | 32,432 | 19,437 | 34,107 | 23,979 | 39,446 | 62,094 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 101,395 | - | - | |
630 |
5,401 | 5,529 | 5,828 | 5,063 | 5,252 | 3,660 | 6,340 | 4,207 | 3,235 | 4,737 | 1,859 | 9,996 | 10,018 | 10,036 | 9,328 | 16,149 | 27,645 | 29,325 | 30,142 | 36,522 | |
640/8 |
2,339 | 664 | 5,599 | 4,372 | 3,318 | 1,891 | 4,044 | 4,299 | 6,006 | 2,837 | 1,149 | 2,513 | 14,642 | 3,971 | 3,004 | 3,595 | 3,186 | 1,984 | 10,370 | 7,503 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,922 | - | - | - | 8,453 | - | |
9901 |
93,739 | 89,753 | 66,498 | 71,499 | 69,246 | 51,098 | 29,920 | 33,187 | 2,432 | 1,804 | 2,528 | 11,598 | 19,443 | 12,932 | 20,101 | -307 | 3,276 | -7,331 | -1,066 | 18,070 | |
75/76B |
6,885 | 3,831 | 5,715 | 1,837 | 999 | 2,000 | 1,066 | 1,053 | 771 | 1,536 | 764 | 0 | 0 | 695 | - | 6 | 3 | 75 | 211 | 7 | |
75 |
6,885 | 3,831 | 2,268 | 1,837 | 999 | 2,000 | 1,066 | 1,053 | 771 | 1,536 | 764 | 0 | 0 | 695 | - | 6 | 3 | 75 | 211 | 7 | |
76B |
- | - | 3,446 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
2,067 | 1,470 | 943 | 5,071 | 339 | 298 | 1,206 | 2,458 | 5,568 | 1,738 | 1,097 | 815 | 1,947 | 4,020 | 3,601 | 3,345 | 5,566 | 4,354 | 6,557 | 8,156 | |
65 |
2,067 | 1,470 | 943 | 5,071 | 339 | 298 | 1,206 | 2,458 | 5,568 | 1,738 | 1,097 | 815 | 1,947 | 4,020 | 3,601 | 3,345 | 5,566 | 4,354 | 6,557 | 8,156 | |
9903 |
98,557 | 92,114 | 71,270 | 68,266 | 69,906 | 52,799 | 29,779 | 31,782 | -2,365 | 1,602 | 2,195 | 10,784 | 17,497 | 9,607 | 8,578 | -3,646 | -2,287 | -11,609 | -11,578 | 10,251 | |
67/77 |
30,753 | 30,607 | 31,852 | 30,041 | 20,840 | 18,072 | 12,673 | 9,777 | 7,851 | 3,755 | 3,785 | 5,723 | 10,815 | 6,909 | 6,595 | 2,564 | 2,255 | - | 2,044 | 8,633 | |
9904 |
67,804 | 61,507 | 39,418 | 38,225 | 49,066 | 34,727 | 17,106 | 22,005 | -10,217 | -2,153 | -1,590 | 5,061 | 6,681 | 2,698 | 1,982 | -6,209 | -4,542 | -11,609 | -13,622 | 1,618 | |
9905 |
67,804 | 61,507 | 39,418 | 38,225 | 49,066 | 34,727 | 17,106 | 22,005 | -10,217 | -2,153 | -1,590 | 5,061 | 6,681 | 2,698 | 1,982 | -6,209 | -4,542 | -11,609 | -13,622 | 1,618 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
67,804 | 61,507 | 39,418 | 38,338 | 49,178 | 34,840 | 17,219 | 119 | -21,886 | -11,670 | -9,516 | -7,926 | -12,987 | -19,668 | -22,366 | -24,348 | -18,139 | -16,974 | -5,365 | 8,338 | |
14P |
- | - | - | 113 | 113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
34,727 | 17,106 | 644 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
67,804 | 61,507 | 38,396 | 36,738 | 49,066 | 34,727 | 17,106 | 6 | - | - | - | - | - | - | - | - | - | - | - | 81 | |
6920 |
- | - | - | - | - | - | - | 6 | - | - | - | - | - | - | - | - | - | - | - | 81 | |
6921 |
67,804 | 61,507 | 38,396 | 36,738 | 49,066 | 34,727 | 17,106 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
34,727 | 17,106 | 1,666 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
34,727 | 17,106 | 1,666 | 1,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 2 older financial years (2004-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 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 30-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00353511 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00313803 | |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00266089 | |
| 31-12-2022 | micro format | 20-07-2023 | 2023-00255869 | |
| 31-12-2021 | micro format | 22-07-2022 | 2022-20215437 | |
| 31-12-2020 | micro format | 15-07-2021 | 2021-36200398 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31700415 | |
| 31-12-2018 | micro format | 25-07-2019 | 2019-37800147 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-35500130 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47800158 | |
| 31-12-2015 | abbreviated format | 29-09-2016 | 2016-62800473 | |
| 31-12-2014 | abbreviated format | 28-08-2015 | 2015-51800520 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-51800581 | |
| 31-12-2012 | abbreviated format | 09-08-2013 | 2013-41200513 | |
| 31-12-2011 | abbreviated format | 23-08-2012 | 2012-44200487 | |
| 31-12-2010 | abbreviated format | 26-08-2011 | 2011-46400007 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-47100234 | |
| 31-12-2008 | abbreviated format | 31-12-2009 | 2009-91500077 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-67200053 | |
| 31-12-2006 | abbreviated format | 27-07-2007 | 2007-49700286 | |
| 31-12-2005 | full format | 14-12-2006 | 2006-90704993 | |
| 31-12-2004 | abbreviated format | 25-07-2005 | 2005-53404979 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 99,140 | 95,282 | 72,326 | 76,562 | 74,497 | 54,758 | 36,260 | 37,394 | 5,667 | 6,540 | 4,387 | 21,594 | 29,461 | 22,968 | 29,428 | 15,842 | 30,921 | 21,995 | 29,076 | 54,591 | ||
| 73,205 | 67,037 | 45,246 | 43,288 | 54,317 | 38,387 | 23,447 | 26,212 | -6,982 | 2,583 | 269 | 15,057 | 16,699 | 12,734 | 11,310 | 9,940 | 23,103 | 17,716 | 16,520 | 38,140 | ||
| 2,250 | 5,967 | 2,972 | 6,241 | 12,195 | 5,000 | 7,900 | 6,036 | 0 | 12,000 | 0 | 1,469 | 1,594 | 5,939 | 636 | 40,406 | 0 | 8,233 | 110,232 | 4,942 | ||
| 44,210 | 43,114 | -39,255 | -24,151 | 48,394 | 37,583 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 243,849 | 207,621 | 163,658 | 123,742 | 91,079 | 47,422 | 14,035 | -1,512 | -21,688 | -14,707 | -5,290 | -5,560 | -19,147 | -37,057 | -37,006 | -59,117 | -48,959 | -60,639 | -53,998 | -16,659 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.3% | - | - | ||
| 77.2% | 75.5% | 76.0% | 72.0% | 66.0% | 59.3% | 49.2% | 21.5% | -51.4% | -11.5% | -9.4% | -4.4% | -9.9% | -19.8% | -21.9% | -19.2% | -13.5% | -10.3% | 1.1% | 10.2% | ||
| 4.17 | 3.83 | 3.84 | 3.22 | 2.81 | 2.17 | 1.56 | 0.94 | 0.51 | 0.68 | 0.83 | 0.77 | 0.72 | 0.45 | 0.47 | 0.37 | 0.36 | 0.19 | 0.36 | 0.72 | ||
| 0.30 | 0.32 | 0.32 | 0.39 | 0.51 | 0.69 | 1.03 | 3.65 | - | - | - | - | - | - | - | - | - | - | 87.28 | 8.84 | ||
| 26.1% | 27.1% | 21.6% | 26.4% | 45.5% | 59.0% | 70.9% | 314.1% | - | - | - | - | - | - | - | - | - | - | -894.5% | 10.7% | ||
| 20.1% | 20.5% | 16.4% | 19.0% | 30.0% | 35.0% | 34.9% | 67.6% | -35.0% | -5.2% | -5.7% | 21.6% | 10.9% | 4.2% | 2.8% | -6.8% | -5.5% | -11.8% | -10.1% | 1.1% | ||
| 47.97 | 64.82 | 76.73 | 15.10 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21 days | - | - |
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,250 | €5,967 | €2,794 | €6,241 | €12,195 |
| Financial fixed assets | - | - | €178 | - | - |
| €5,401 | €5,529 | €5,828 | €5,063 | €5,252 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 4% higher than in 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 24.5% to 22.8%. Equity and debt are higher.
Source: list of holdings in its own 2012 accounts. Every holding stands with its own latest accounts.
| Mazda Motor Logistics Europe
establishment since 01-10-2018 · founded in 1968 |
turnover €4.62bn (2026) 0406.024.281 |
| Société Européenne de Gestion de l'Energie
registered office since 01-10-2025 · founded in 2011 · group L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE |
turnover €1.32bn (2025) 0838.538.571 |
| ACCOR HOTELS BELGIUM
registered office since 22-06-1973 · founded in 1973 |
turnover €30.5m (2025) 0413.483.185 |
| Compagnie Internationale des Wagons-Lits et du Tourisme
registered office since 04-12-1876 · founded in 1876 |
total assets €547.4m (2025) 0403.479.319 |
| UNILEVER BELGIUM
establishment since 01-01-1990 · founded in 1989 |
256 FTE (2024) 0438.390.312 |
| Accor Asia
registered office since 19-07-1999 · founded in 1999 |
total assets €265.2m (2025) 0466.569.208 |
| Solar PFK
registered office since 05-09-2008 · founded in 2008 |
turnover €6.3m (2025) 0898.217.327 |
| SOLAR HOLDCO
registered office since 18-02-2020 · founded in 2020 |
total assets €107.1m (2025) 0743.820.051 |
| COLIS PRIVE BELGIQUE
registered office since 01-03-2021 · founded in 2021 |
71 FTE (2025) 0764.487.385 |
| CUSHMAN & WAKEFIELD BELGIUM
establishment since 30-11-2018 · founded in 1981 |
41 FTE (2025) 0422.118.165 |
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 |
|---|---|---|
| Kunstlaan 56 registered office 1000 Brussels 62200 Computer consultancy and computer facilities management | 30-06-2004 | 2.137.697.975 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21805E0475/00F000 | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 |
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