OBJECT
ActiveSummary
The computed 12-month bankruptcy probability of OBJECT is 1.7% (moderate). The 2024 annual accounts show equity of €10.7m and a net result of -€8,273. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 67% of 3,559 sector peers (NACE 43, financial year 2024). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 35.4 FTE
- Equity
- €10.7m
- Loss
- -€8,273
- Parent
- Van Calster Invest · 100%
Why 55raises riskFigures for financial year 2024 (filed 31-07-2025)Liquidity: current ratio 3.38, cash €157,124lowers riskFounded in 1999Equity €10.7m (54.1% of total assets)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, small): better than 72% on solvency, 53% on liquidity, 26% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 27 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2023 · full…
- Highest result from 2018 to 2024net €1.9m ▲9,119%
Financials · financial year 2024, full format
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 97% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2021 Net result +327% on 2020. The accounts now follow the full format, last year the abbreviated format.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 8,616 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.2m | €9.6m | €11.6m | €8.7m | ▼ 24.8% |
| Turnover70 | - | - | - | €0.7m | €8.8m | €7.7m | €7.2m | ▼ 6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | - | - | - | €1.0m | - |
| Own construction capitalised72 | - | - | - | - | - | - | €0.1m | - |
| Other operating income74 | - | - | - | €0.002m | €0.1m | €0.1m | €0.08m | ▼ 46.6% |
| Non-recurring operating income76A | - | - | - | €1.5m | €0.6m | €3.7m | €0.4m | ▼ 89.9% |
| Operating charges60/66A | - | - | - | €1.1m | €9.6m | €8.9m | €8.7m | ▼ 3.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.7m | €5.4m | €3.9m | €3.5m | ▼ 10.9% |
| Purchases600/8 | - | - | - | €0.4m | €4.8m | €4.0m | €3.1m | ▼ 23.0% |
| Change in stocks: decrease (increase)609 | - | - | - | €0.3m | €0.7m | -€0.05m | €0.4m | ▲ 888% |
| Services and other goods61 | - | - | - | €0.2m | €2.6m | €2.7m | €2.4m | ▼ 10.4% |
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €1.0m | €1.3m | €2.0m | ▲ 53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0.03m | €0.1m | €0.1m | €0.6m | €0.6m | €0.6m | ▲ 14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€0.2m | €0.02m | €0.008m | ▼ 66.4% |
| Other operating charges640/8 | - | €0.001m | - | - | €0.07m | €0.1m | €0.07m | ▼ 41.0% |
| Non-recurring operating charges66A | - | - | - | €0.03m | - | €0.3m | - | - |
| Gross operating margin9900 | -€0.01m | €0.02m | €0.5m | - | - | - | - | - |
| Operating profit (loss)9901 | -€0.06m | -€0.01m | €0.3m | €1.1m | -€0.003m | €2.7m | €0.07m | ▼ 97.3% |
| Financial income75/76B | - | €0.003m | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 13.6% |
| Recurring financial income75 | €207 | €0.003m | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 13.6% |
| Income from financial fixed assets750 | - | - | - | - | €0.002m | - | €0.001m | - |
| Income from current assets751 | - | - | - | - | €451 | €0.002m | - | - |
| Other financial income752/9 | - | - | - | €0.02m | €0.2m | €0.1m | €0.1m | ▲ 15.5% |
| Financial charges65/66B | - | €0.05m | - | €0.09m | €0.2m | €0.3m | €0.2m | ▼ 31.1% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.09m | €0.09m | €0.2m | €0.2m | €0.2m | ▼ 2.1% |
| Debt charges650 | - | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 20.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.03m | - | - | - |
| Other financial charges652/9 | - | - | - | €0.09m | €0.02m | €0.06m | €0.03m | ▼ 55.8% |
| Non-recurring financial charges66B | - | - | - | - | - | €0.08m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€0.06m | €0.3m | €1.0m | €0.01m | €2.5m | €0.001m | ▼ 100.0% |
| Transfer from deferred taxes780 | - | €0.02m | - | €0.03m | €0.06m | €0.1m | - | - |
| Transfer to deferred taxes680 | - | - | - | €0.2m | - | €0.7m | - | - |
| Income taxes67/77 | - | - | - | €43 | €0.05m | €0.008m | €0.009m | ▲ 20.4% |
| Taxes670/3 | - | - | - | €43 | €0.05m | €0.008m | €0.009m | ▲ 20.4% |
| Profit (loss) for the period9904 | -€0.1m | -€0.04m | €0.2m | €0.8m | €0.02m | €1.9m | -€0.008m | ▼ 100% |
| Transfer from tax-exempt reserves789 | - | €0.05m | - | €0.1m | €0.2m | €0.3m | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €0.7m | - | €2.2m | - | - |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | €0.01m | -€0.01m | €0.2m | €0.2m | -€0.06m | -€0.008m | ▲ 86.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.8m | €7.3m | €7.3m | €18.6m | €17.5m | €19.7m | €19.7m | ▲ 0.3% |
| Fixed assets21/28 | - | €4.8m | €4.6m | €8.7m | €8.5m | €8.3m | €8.7m | ▲ 4.6% |
| Intangible fixed assets21 | - | - | - | €0.07m | €0.06m | €0.03m | €0.03m | ▼ 6.3% |
| Tangible fixed assets22/27 | - | €4.8m | €4.6m | €8.6m | €8.4m | €8.2m | €8.6m | ▲ 4.7% |
| Land and buildings22 | - | €4.8m | - | €8.0m | €7.8m | €7.5m | €8.0m | ▲ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 35.8% |
| Furniture and vehicles24 | - | - | - | €0.6m | €0.6m | €0.8m | €0.6m | ▼ 18.9% |
| Financial fixed assets28 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Other financial fixed assets284/8 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.01m | €0.04m | €0.04m | €0.04m | = |
| Current assets29/58 | €2.8m | €2.6m | €2.7m | €10.0m | €9.0m | €11.3m | €11.0m | ▼ 2.8% |
| Stocks and contracts in progress3 | - | - | - | €2.6m | €1.9m | €2.0m | €2.5m | ▲ 26.9% |
| Stocks30/36 | - | - | - | €2.6m | €1.9m | €2.0m | €1.5m | ▼ 22.1% |
| Goods purchased for resale34 | - | - | - | €2.6m | €1.9m | €2.0m | €1.5m | ▼ 22.1% |
| Contracts in progress37 | - | - | - | - | - | - | €1.0m | - |
| Amounts receivable within one year40/41 | €2.8m | €2.5m | €2.7m | €6.2m | €6.3m | €8.6m | €8.2m | ▼ 4.9% |
| Trade receivables40 | - | - | - | €0.8m | €0.6m | €0.8m | €0.6m | ▼ 33.2% |
| Other amounts receivable41 | - | €2.5m | - | €5.4m | €5.7m | €7.8m | €7.6m | ▼ 1.9% |
| Cash at bank and in hand54/58 | €0.003m | €0.02m | - | €1.1m | €0.2m | €0.3m | €0.2m | ▼ 37.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.07m | €0.6m | €0.5m | €0.2m | ▼ 63.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.8m | €7.3m | €7.3m | €18.6m | €17.5m | €19.7m | €19.7m | ▲ 0.3% |
| Equity10/15 | €0.8m | €2.0m | €2.2m | €8.8m | €8.8m | €10.7m | €10.7m | ▼ 0.1% |
| Contributions10/11 | €0.02m | €0.3m | - | €3.8m | €3.8m | €3.8m | €3.8m | = |
| Capital10 | - | €0.3m | - | - | - | - | - | - |
| Issued capital100 | - | €0.3m | - | - | - | - | - | - |
| Revaluation surpluses12 | - | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €1.3m | €1.7m | €1.9m | €3.7m | €3.6m | €5.5m | €5.5m | = |
| Legal reserve130 | - | €0.03m | - | - | - | - | - | - |
| Tax-exempt reserves132 | - | €1.6m | - | €2.8m | €2.6m | €4.5m | €4.5m | = |
| Distributable reserves133 | - | €0.08m | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€0.5m | -€0.2m | -€0.2m | €1.1m | €1.3m | €1.2m | €1.2m | ▼ 0.7% |
| Provisions and deferred taxes16 | €0.6m | €0.7m | €0.7m | €1.1m | €1.0m | €1.6m | €1.6m | = |
| Deferred taxes168 | - | €0.7m | - | €1.1m | €1.0m | €1.6m | €1.6m | = |
| Amounts payable17/49 | €1.4m | €4.7m | €4.4m | €8.8m | €7.7m | €7.3m | €7.4m | ▲ 1.0% |
| Amounts payable after more than one year17 | €1.0m | €3.3m | €3.2m | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Financial debts170/4 | - | €3.3m | - | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Credit institutions173 | - | - | - | €4.6m | €4.0m | €4.2m | €4.1m | ▼ 2.4% |
| Other amounts payable178/9 | - | €0.002m | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.4m | €1.4m | €1.1m | €4.2m | €3.6m | €3.1m | €3.3m | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | - | €0.4m | - | €0.9m | €0.9m | €0.8m | €0.8m | ▼ 2.0% |
| Financial debts43 | - | €0.3m | - | €0.2m | €0.4m | - | - | - |
| Credit institutions430/8 | - | €0.3m | - | €0.2m | €0.4m | - | - | - |
| Trade debts44 | €0.2m | €0.3m | €0.1m | €1.9m | €1.6m | €1.8m | €1.8m | ▲ 0.6% |
| Suppliers440/4 | - | €0.3m | - | €1.9m | €1.6m | €1.8m | €1.8m | ▲ 0.6% |
| Advances received on contracts in progress46 | - | - | - | €0.01m | €254 | €254 | - | - |
| Taxes, remuneration and social security45 | - | €0.007m | - | €0.5m | €0.3m | €0.2m | €0.2m | ▲ 31.5% |
| Taxes450/3 | - | €0.007m | - | €0.4m | €0.2m | €0.03m | €0.03m | ▲ 26.0% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 32.5% |
| Other amounts payable47/48 | - | €0.4m | - | €0.6m | €0.5m | €0.4m | €0.5m | ▲ 35.5% |
| Accrued charges and deferred income492/3 | - | €0.003m | - | €0.008m | €0.04m | €0.02m | €0.008m | ▼ 57.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.04m | €0.2m | €0.8m | €0.02m | €1.9m | -€0.008m | ▼ 100% |
| + Depreciation and write-downs630 | - | €0.03m | €0.1m | €0.1m | €0.6m | €0.6m | €0.6m | ▲ 14.1% |
| Operating cash flow (approximation) | -€0.1m | -€0.009m | €0.3m | €0.9m | €0.7m | €2.4m | €0.6m | ▼ 73.8% |
| Investment in fixed assets (approximation) | - | - | €0.07m | -€4.2m | -€0.5m | -€0.4m | -€1.0m | ▼ 180% |
| Change in cash | - | €0.02m | - | - | -€0.9m | €0.06m | -€0.09m | ▼ 245% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Directors
Owners and capital
Owners
1 ownerChain of control
- Van Calster Invest
- OBJECT
Highest known parent: Van Calster Invest. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
No directors read yet: 0 of 14 Gazette acts processed.
History
Acts, filings and financial milestones
Show earlier events
About the unread acts
We know of 14 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 9 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
5 establishment units
5 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24014D0063/00P000 | Flanders | 1.6 ha | 1 · 7,096 m² | - |
| 71362B1545/00F002 | Flanders | 8,395 m² | - | - |
| 11372A0285/00M000 | Flanders | 6,223 m² | 1 · 1,525 m² | 8.5 m · 2 |
| 71323C1312/00A000 | Flanders | 995 m² | 1 · 951 m² | 1.9 m |
| 13373L0967/00K002 | Flanders | 506 m² | 1 · 1,505 m² | - |