OFF SITE BELGIUM
ActiveSummary
OFF SITE BELGIUM has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.7m) and a net result of -€1.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-40
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.71 in 2024), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-927.6%
Return on assets
-519.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 -€2.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
23 d early
2023
8 d early
2022
25 d late
2021
4 d late
2020
156 d early
2019
68 d late
← 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 16 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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, abbreviated schema
Equity
-€2.7m▼ 127%
2024 · -€1.2m
Total assets
€290,194▼ 90.2%
2024 · €2.9m
Net result
-€1.5m
2024 · €116,820
Working capital
-€2.8m▼ 135%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€432,681▲ 8.2%-€1.7m€220,107€220,347▲ 0.1%-€1.4m
Net result€304,622above the sector's middle half▼ 10.9%-€1.8mbelow the sector's middle half€190,103above the sector's middle half€116,820within the sector's middle half▼ 38.5%-€1.5mbelow the sector's middle half
Equity€350,939within the sector's middle half-€1.5mbelow the sector's middle half-€1.3mbelow the sector's middle half▲ 12.7%-€1.2mbelow the sector's middle half▲ 9.0%-€2.7mbelow the sector's middle half▼ 127%
Total assets€1.6mabove the sector's middle half▲ 69.3%€3.2mabove the sector's middle half▲ 102%€1.1mwithin the sector's middle half▼ 66.6%€2.9mabove the sector's middle half▲ 176%€290,194below the sector's middle half▼ 90.2%
Debt€1.2m▲ 24.5%€4.7m▲ 282%€2.4m▼ 49.4%€4.1m▲ 74.5%€3.0m▼ 27.9%
Working capital€358,473-€1.5m-€1.3m▲ 12.0%-€1.2m▲ 8.7%-€2.8m▼ 135%
Solvency22.2%within the sector's middle half▲ 28.0pp-46.7%below the sector's middle half▼ 68.9pp-122.0%below the sector's middle half▼ 75.3pp-40.2%below the sector's middle half▲ 81.8pp-927.6%below the sector's middle half▼ 887.4pp
Staff (FTE)8.3above the sector's middle half▲ 22.1%6.2within the sector's middle half▼ 25.3%5.3within the sector's middle half▼ 14.5%3.7within the sector's middle half▼ 30.2%5within the sector's middle half▲ 35.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.4m after €220,347 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,194
Fixed assets
€153,698 ▲ 509%
Current assets
€136,496 ▼ 95.3%
Key figures and ratios
EBITDA
-€1.4m▼
2024 · €224,110
Cash flow
-€1.5m▼
2024 · €120,583
Current ratio
0.05▼
2024 · 0.71
Quick ratio
0.03▼
2024 · 0.70
Debt to equity
-1.11▲
2024 · -3.49
ROA
-519.3%▼
2024 · 4.0%
Interest coverage
-14.21▼
2024 · 1.96
Debt ≤ 1 year
€3.0m▼
2024 · €4.1m
Income taxes
€553▼
2024 · €1,973
Staff costs
€435,825▲
2024 · €278,756
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 6,943 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 | - | - | €1,000 | €0 | - | - |
| Remuneration, social security and pensions62 | €334,667 | €268,066 | €306,676 | €278,756 | €435,825 | ▲ 56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,183 | €3,726 | €2,960 | €3,763 | €21,770 | ▲ 479% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €111,852 | €0 | -€111,852 | €0 | ▲ 100% |
| Other operating charges640/8 | €16,157 | €46,259 | €40,141 | €15,608 | €1,059 | ▼ 93.2% |
| Non-recurring operating charges66A | - | - | - | - | €435 | - |
| Gross operating margin9900 | €792,687 | -€1.3m | €569,884 | €406,623 | -€961,276 | ▼ 336% |
| Operating profit (loss)9901 | €432,681 | -€1.7m | €220,107 | €220,347 | -€1.4m | ▼ 745% |
| Financial income75/76B | €4,664 | €1 | €1,009 | €12,586 | €12,300 | ▼ 2.3% |
| Recurring financial income75 | €4,664 | €1 | €1,009 | €12,586 | €12,300 | ▼ 2.3% |
| Financial charges65/66B | €49,723 | €48,070 | €97,401 | €114,140 | €98,444 | ▼ 13.8% |
| Recurring financial charges65 | €49,723 | €48,070 | €97,401 | €114,140 | €98,444 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €387,622 | -€1.7m | €123,715 | €118,793 | -€1.5m | ▼ 1,368% |
| Income taxes67/77 | €83,000 | €107,792 | -€66,387 | €1,973 | €553 | ▼ 71.9% |
| Profit (loss) for the period9904 | €304,622 | -€1.8m | €190,103 | €116,820 | -€1.5m | ▼ 1,390% |
| Profit (loss) for the period to be appropriated9905 | €304,622 | -€1.8m | €190,103 | €116,820 | -€1.5m | ▼ 1,390% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €3.2m | €1.1m | €2.9m | €290,194 | ▼ 90.2% |
| Fixed assets21/28 | €16,467 | €14,241 | €23,008 | €25,245 | €153,698 | ▲ 509% |
| Intangible fixed assets21 | - | - | - | €5,704 | €20,750 | ▲ 264% |
| Tangible fixed assets22/27 | €7,609 | €3,883 | €18,350 | €14,883 | €129,949 | ▲ 773% |
| Plant, machinery and equipment23 | €7,609 | €3,883 | €2,158 | €434 | €122,014 | ▲ 28,022% |
| Furniture and vehicles24 | - | - | €16,192 | €14,449 | €7,935 | ▼ 45.1% |
| Financial fixed assets28 | €8,858 | €10,358 | €4,658 | €4,658 | €3,000 | ▼ 35.6% |
| Current assets29/58 | €1.6m | €3.2m | €1.0m | €2.9m | €136,496 | ▼ 95.3% |
| Stocks and contracts in progress3 | €825,097 | €722,665 | €108,101 | €45,318 | €38,730 | ▼ 14.5% |
| Stocks30/36 | €343,860 | €665,665 | €86,324 | €45,318 | €38,730 | ▼ 14.5% |
| Contracts in progress37 | €481,237 | €57,000 | €21,777 | €0 | - | - |
| Amounts receivable within one year40/41 | €728,188 | €2.2m | €932,171 | €2.9m | €94,263 | ▼ 96.7% |
| Trade receivables40 | €595,390 | €1.6m | €735,784 | €1.5m | €86,488 | ▼ 94.0% |
| Other amounts receivable41 | €132,798 | €566,110 | €196,388 | €1.4m | €7,775 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €9,002 | €274,674 | €0 | - | - | - |
| Deferred charges and accrued income490/1 | - | €20,572 | €3,484 | €4,349 | €3,503 | ▼ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €3.2m | €1.1m | €2.9m | €290,194 | ▼ 90.2% |
| Equity10/15 | €350,939 | -€1.5m | -€1.3m | -€1.2m | -€2.7m | ▼ 127% |
| Contributions10/11 | €106,200 | €106,200 | €106,200 | €106,200 | €106,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €242,879 | -€1.6m | -€1.4m | -€1.3m | -€2.8m | ▼ 117% |
| Amounts payable17/49 | €1.2m | €4.7m | €2.4m | €4.1m | €3.0m | ▼ 27.9% |
| Amounts payable within one year42/48 | €1.2m | €4.7m | €2.4m | €4.1m | €3.0m | ▼ 27.9% |
| Financial debts43 | €360,007 | €1.8m | €1.9m | €1.9m | €333,823 | ▼ 82.2% |
| Credit institutions430/8 | €360,007 | €1.8m | €1.9m | €1.9m | €333,823 | ▼ 82.2% |
| Trade debts44 | €569,411 | €1.5m | €301,048 | €900,320 | €262,204 | ▼ 70.9% |
| Suppliers440/4 | €569,411 | €1.5m | €301,048 | €900,320 | €262,204 | ▼ 70.9% |
| Advances received on contracts in progress46 | - | €1.1m | €115,452 | €1.3m | €146,887 | ▼ 88.9% |
| Taxes, remuneration and social security45 | €274,395 | €283,616 | €60,404 | €32,976 | €33,261 | ▲ 0.9% |
| Taxes450/3 | €221,384 | €243,720 | €16,844 | €812 | €1,038 | ▲ 27.8% |
| Remuneration and social security454/9 | €53,011 | €39,895 | €43,560 | €32,164 | €32,224 | ▲ 0.2% |
| Other amounts payable47/48 | - | - | - | - | €2.2m | - |
| Accrued charges and deferred income492/3 | €24,000 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €304,622 | -€1.8m | €190,103 | €116,820 | -€1.5m | ▼ 1,390% |
| + Depreciation and write-downs630 | €9,183 | €3,726 | €2,960 | €3,763 | €21,770 | ▲ 479% |
| Operating cash flow (approximation) | €313,805 | -€1.8m | €193,063 | €120,583 | -€1.5m | ▼ 1,332% |
| Investment in fixed assets (approximation) | - | -€1,500 | -€11,728 | -€6,000 | -€150,223 | ▼ 2,404% |
| Change in cash | - | €265,672 | -€274,674 | - | - | - |
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
18-09
State Gazette act
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Bart Roose3 facts ▸
State Gazette act
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Bart Roose3 facts ▸
- General meeting, 30-06-2026
- Auditor reappointment, VGD Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Bart Roose (permanent representative)
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-03
State Gazette act
Resignations: Sandina BV (director) and RE:Build, Besloten Vennootschap (director)Permanent representatives: Peter Van Ingelghem, Wim Vriesacker and Philip Goris · Appointment: PG Consulting, besloten vennootschap (director) · Power of attorney11 facts ▸
State Gazette act
Resignations: Sandina BV (director) and RE:Build, Besloten Vennootschap (director)
Permanent representatives: Peter Van Ingelghem, Wim Vriesacker and Philip Goris · Appointment: PG Consulting, besloten vennootschap (director) · Power of attorney11 facts ▸
- General meeting, 30/01/2026
- Director resignation, Sandina BV (director)
- Permanent representative, Peter Van Ingelghem
- Power of attorney, Arianne Vervliet
- General meeting, 11/02/2026
- Director resignation, RE:Build, Besloten Vennootschap (director)
- Permanent representative, Wim Vriesacker
- Director appointment, PG Consulting, besloten vennootschap (director)
- Permanent representative, Philip Goris
- Mandate compensation, PG Consulting, besloten vennootschap
- Power of attorney, Arianne Vervliet
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €190,103
Net result €190,103 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Equity above €200,000Eq €350,939
2 profitable years in a row build equity to €350,939.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €341,900
Net result €341,900 after one loss-making year.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 2 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
PG CONSULTING
CurrentDirector · since 11-02-2026 · Private limited company · perm. rep.: Philip Goris
Permanent representatives 1
Philip Goris
CurrentPermanent representative · since 11-02-2026 · for PG CONSULTING
Statutory auditor 1
VGD Bedrijfsrevisoren
CurrentStatutory auditor · since 30-06-2026 · perm. rep.: Bart Roose
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
16 of this company's 18 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2015
Ground area
2,917 m²
Building footprint
1,322 m²
Volume, LiDAR
13,567 m³
Parcel 46025B1190/00Z007, Flanders · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OFF SITE BELGIUM
since 20152.249.146.918
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00Z007 | Flanders | 2,917 m² | 1 · 1,322 m² | 14.3 m · 3 fl. |
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.
Mandate history
4 people since 2025, 2 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| PG CONSULTING |
|
| VGD Bedrijfsrevisoren |
|
| Sandina |
|
| RE:build |
|
Articles of association
Other statement
Naam en handtekening (dit geldt niet voor akten van het type Mededelingen), Naam en hoedanigheid van de instrumenterende notaris, hetzij van de perso(o)n(en) be…
Structure & network
Part of the group
C2F1
46 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
- C2F1
- CORDEEL GROUP
- OFF SITE BELGIUM
Highest known parent: C2F1. The sources do not say who stands above it.
Owners 2
- CORDEEL GROUPparent100%
- KINBOparentSourceaccounts KINBO 202199%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
MATEXI PROJECTS
Shared corporate director
→
TECHNOCON
Shared corporate director
→
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Of 213 companies in sector 47527 we hold annual accounts for 146. 104 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
Founded22-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
46836Wholesale trade
47527Retail trade
46130Agents in the wholesale of timber and building materials
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0633975271
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.