NO PROBLEM !
ActiveSummary
NO PROBLEM ! has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€10,706) and a net result of -€10,227. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▲+12
Solvency19▼-6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.19 against 0.72 in 2024; short-term debt: 83.2% and cash: 30.6% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-6%
Return on assets
-5.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€10,706
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
55 d late
2023
29 d late
2022
31 d late
2021
89 d late
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€10,706▼ 2,135%
2024 · -€479
Total assets
€177,601▼ 38.0%
2024 · €286,647
Net result
-€10,227▲ 84.2%
2024 · -€64,871
Working capital
€28,706
2024 · -€68,317
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Line20212022202320242025
Operating result€89,744▲ 64.8%€29,533▼ 67.1%-€67,041-€63,731▲ 4.9%-€8,416▲ 86.8%
Net result€57,215above the sector's middle half▲ 50.7%€16,098within the sector's middle half▼ 71.9%-€68,724below the sector's middle half-€64,871below the sector's middle half▲ 5.6%-€10,227below the sector's middle half▲ 84.2%
Equity€122,352above the sector's middle half▲ 58.6%€133,116above the sector's middle half▲ 8.8%€64,392within the sector's middle half▼ 51.6%-€479below the sector's middle half-€10,706below the sector's middle half▼ 2,135%
Total assets€422,136above the sector's middle half▲ 17.9%€374,037above the sector's middle half▼ 11.4%€279,971above the sector's middle half▼ 25.1%€286,647above the sector's middle half▲ 2.4%€177,601within the sector's middle half▼ 38.0%
Debt€299,784▲ 6.7%€240,921▼ 19.6%€215,579▼ 10.5%€287,126▲ 33.2%€188,307▼ 34.4%
Working capital€48,712▲ 162%€65,391▲ 34.2%-€3,098-€68,317▼ 2,105%€28,706
Solvency29.0%within the sector's middle half▲ 7.4pp35.6%within the sector's middle half▲ 6.6pp23.0%within the sector's middle half▼ 12.6pp-0.2%below the sector's middle half▼ 23.2pp-6.0%below the sector's middle half▼ 5.9pp
Staff (FTE)6.6▼ 4.3%6.9▲ 4.5%6.8▼ 1.4%7▲ 2.9%
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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 stays negative: a loss of €8,416 in 2025 against €63,731 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,601
Fixed assets
€1,127 ▼ 99.0%
Current assets
€176,474 ▼ 1.0%
Key figures and ratios
EBITDA
-€5,579▲
2024 · -€54,179
Cash flow
-€7,390▲
2024 · -€55,319
Current ratio
1.19▲
2024 · 0.72
Debt to equity
-17.59
ROA
-5.8%▲
2024 · -22.6%
Interest coverage
-3.01▲
2024 · -26.74
Debt ≤ 1 year
€147,768▼
2024 · €246,587
Debt > 1 year
€40,539=
2024 · €40,539
Staff costs
€244,176▼
2024 · €433,963
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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% | 1.6% |
| 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 74% 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 2,798 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9,900 | - | - | €35,015 | - |
| Remuneration, social security and pensions62 | €526,585 | €368,782 | €414,663 | €433,963 | €244,176 | ▼ 43.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,021 | €15,187 | €9,817 | €9,552 | €2,837 | ▼ 70.3% |
| Other operating charges640/8 | €4,931 | €3,092 | €3,474 | €3,532 | €3,699 | ▲ 4.7% |
| Gross operating margin9900 | €641,281 | €416,594 | €360,913 | €383,316 | €242,296 | ▼ 36.8% |
| Operating profit (loss)9901 | €89,744 | €29,533 | -€67,041 | -€63,731 | -€8,416 | ▲ 86.8% |
| Financial income75/76B | €988 | €3,967 | €1,023 | €1,089 | €40 | ▼ 96.3% |
| Recurring financial income75 | €988 | €3,967 | €1,023 | €1,089 | €40 | ▼ 96.3% |
| Financial charges65/66B | €4,989 | €2,962 | €2,510 | €2,026 | €1,851 | ▼ 8.6% |
| Recurring financial charges65 | €4,989 | €2,962 | €2,510 | €2,026 | €1,851 | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €85,743 | €30,538 | -€68,528 | -€64,668 | -€10,227 | ▲ 84.2% |
| Income taxes67/77 | €28,528 | €14,440 | €196 | €203 | - | - |
| Profit (loss) for the period9904 | €57,215 | €16,098 | -€68,724 | -€64,871 | -€10,227 | ▲ 84.2% |
| Profit (loss) for the period to be appropriated9905 | €57,215 | €16,098 | -€68,724 | -€64,871 | -€10,227 | ▲ 84.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €422,136 | €374,037 | €279,971 | €286,647 | €177,601 | ▼ 38.0% |
| Fixed assets21/28 | €142,933 | €127,746 | €117,929 | €108,377 | €1,127 | ▼ 99.0% |
| Tangible fixed assets22/27 | €142,933 | €127,746 | €117,929 | €108,377 | €1,127 | ▼ 99.0% |
| Land and buildings22 | €124,052 | €116,371 | €110,136 | €104,166 | - | - |
| Furniture and vehicles24 | €18,881 | €11,375 | €7,793 | €4,211 | €1,127 | ▼ 73.2% |
| Current assets29/58 | €279,203 | €246,291 | €162,042 | €178,270 | €176,474 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €180,414 | €197,092 | €145,925 | €136,984 | €120,944 | ▼ 11.7% |
| Trade receivables40 | €131,106 | €147,866 | €94,167 | €87,146 | €66,526 | ▼ 23.7% |
| Other amounts receivable41 | €49,308 | €49,226 | €51,758 | €49,838 | €54,418 | ▲ 9.2% |
| Cash at bank and in hand54/58 | €98,789 | €49,199 | €16,117 | €41,286 | €54,307 | ▲ 31.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,223 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €422,136 | €374,037 | €279,971 | €286,647 | €177,601 | ▼ 38.0% |
| Equity10/15 | €122,352 | €133,116 | €64,392 | -€479 | -€10,706 | ▼ 2,135% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €8,360 | ▲ 28.6% |
| Reserves13 | €95,793 | €111,891 | €111,891 | €111,891 | €110,031 | ▼ 1.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €75,183 | €91,281 | €91,281 | €91,281 | €91,281 | = |
| Profit (loss) carried forward14 | €20,059 | €14,725 | -€53,999 | -€118,870 | -€129,097 | ▼ 8.6% |
| Amounts payable17/49 | €299,784 | €240,921 | €215,579 | €287,126 | €188,307 | ▼ 34.4% |
| Amounts payable after more than one year17 | €69,293 | €60,021 | €50,439 | €40,539 | €40,539 | = |
| Financial debts170/4 | €69,293 | €60,021 | €50,439 | €40,539 | €40,539 | = |
| Amounts payable within one year42/48 | €230,491 | €180,900 | €165,140 | €246,587 | €147,768 | ▼ 40.1% |
| Current portion of amounts payable after more than one year42 | €8,973 | €9,272 | €9,581 | €9,900 | €1,675 | ▼ 83.1% |
| Trade debts44 | €99,603 | €68,360 | €61,961 | €64,511 | €69,578 | ▲ 7.9% |
| Suppliers440/4 | €99,603 | €68,360 | €61,961 | €64,511 | €69,578 | ▲ 7.9% |
| Taxes, remuneration and social security45 | €97,334 | €87,779 | €79,778 | €114,102 | €64,857 | ▼ 43.2% |
| Taxes450/3 | €39,459 | €45,600 | €32,461 | €21,717 | - | - |
| Remuneration and social security454/9 | €57,875 | €42,179 | €47,317 | €92,385 | €64,857 | ▼ 29.8% |
| Other amounts payable47/48 | €24,581 | €15,489 | €13,820 | €58,074 | €11,658 | ▼ 79.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57,215 | €16,098 | -€68,724 | -€64,871 | -€10,227 | ▲ 84.2% |
| + Depreciation and write-downs630 | €20,021 | €15,187 | €9,817 | €9,552 | €2,837 | ▼ 70.3% |
| Operating cash flow (approximation) | €77,236 | €31,285 | -€58,907 | -€55,319 | -€7,390 | ▲ 86.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €104,413 | - |
| Change in cash | - | -€49,590 | -€33,082 | €25,169 | €13,021 | ▼ 48.3% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€68,724
Net result drops to -€68,724, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
2021
31-12
Financial
Highest result since 2019net €57,215 ▲50.7%
Operating result €89,744, net result €57,215, both a record.
31-12
Financial
Equity above €100,000Eq €122,352 ▲58.6%
2 profitable years in a row build equity to €122,352.
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €37,969
Net result €37,969 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk · 2 establishment units since 2005
Ground area
1.7 ha
Building footprint
1,739 m²
Volume, LiDAR
11,152 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NO PROBLEM ]
since 20052.148.609.287
President Kennedypark(Kor) 11, 8500 Kortrijk
since 20232.341.352.841
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0147/00E000 | Flanders | 1.6 ha | 1 · 1,637 m² | 7.4 m · 2 fl. |
| 34016C0516/00E007 | Flanders | 413 m² | 1 · 101 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2024 · 1 entry · 1,193 EUR awarded · 1,193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,193 EUR | 1,193 EUR |
Schemes
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Of 4,526 companies in sector 74301 we hold annual accounts for 720. 616 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
Founded13-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
74301Translation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875291376
Also
9925:BE0875291376
Registered
08-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.