Only Belgium · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

Only Belgium is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.50M and a net result of €7k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 44% of 678 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	16-07-2025	15 d early	2025-00276761
31-12-2023	31-07-2024	08-07-2024	23 d early	2024-00229023
31-12-2022	31-07-2023	19-07-2023	12 d early	2023-00249024

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€3.50M+0.2%

Net result€7k

Total assets€9.21M+7.2%

Solvency38.0%-2.7pp

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 3 fiscal years (±2.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 64, Financial services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.0%	44.9%	better than 44% of 678 sector peers
Net result	€7k	€48k	better than 35% of 677 sector peers
Equity	€3.50M	€1.36M	better than 57% of 678 sector peers
Total assets	€9.21M	€5.58M	better than 57% of 678 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P44

Stable position over 2022-2024 · n=412-678

Net result P35

Weakening position over 2022-2024 · n=412-677

Equity P57

Stable position over 2022-2024 · n=412-678

Total assets P57

Stable position over 2022-2024 · n=412-678

Describes the position versus peers, not a forecast.

Net profit

€7k

- 22-24

Total assets

€9.21M

+7.2% 22-24

Equity

€3.50M

+0.2% 22-24

Income taxes

€2k

+2387.7% 22-24

Debt

€5.71M

+12.0% 22-24

Debt ≤ 1y

€4.19M

+29.5% 22-24

Debt > 1y

€1.52M

-16.8% 22-24

Solvency

38.0%

-6.5% 22-24

ROE

0.2%

- 22-24

ROA

0.1%

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€7k
Cash flow	n/a
Staff costs	-
Income taxes	€2k
Dividends	-
Total assets	€9.21M
Equity	€3.50M
Debt	€5.71M
of which ≤ 1y	€4.19M
of which > 1y	€1.52M
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	38.0%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	0.1%
ROE	0.2%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2024

Assets

Fixed assets €9.13M · 99.2% Current assets €75k · 0.8%

Equity & liabilities

Equity €3.50M · 38.0% Debt €5.71M · 62.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.21M
Fixed assets	21/28	€9.13M
Financial fixed assets	28	€9.13M
Current assets	29/58	€75k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€3k
Cash & bank	54/58	€72k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.21M
Equity	10/15	€3.50M
Contributions / capital	10/11	€2.83M
Reserves	13	€667k
Amounts payable	17/49	€5.71M
Amounts payable after one year	17	€1.52M
Amounts payable within one year	42/48	€4.19M
Trade debts payable within one year	44	€17k
Income statement
Turnover	70	€128k
Operating result	9901	€101k
Financial income	75	€137
Financial charges	65	€91k
Result before taxes	9903	€10k
Income taxes	67/77	€2k
Net result for the period	9904	€7k
Result to be appropriated	9905	€7k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Directors

Directors & mandates

4 directors

Current directors & mandates

Corrigan Communicatie BVLegal entity
Managing director· perm. rep.: Karin Corrigan
State Gazette act 24091594 (18-06-2024)

Current
18-06-2024 → present
2 events
- 18-06-2024 Resigned· Managing director
- 18-06-2024 Appointed· Managing director
CORRIGAN COMMUNICATIELegal entity
Director· perm. rep.: CORRIGAN Karin Elisabeth August
State Gazette act 24404255 (10-06-2024)

Current
30-05-2024 → present
DE VRIES Frans
Director
State Gazette act 24404255 (10-06-2024)

Current
30-05-2024 → present
KAT Ariaan
Director
State Gazette act 24404255 (10-06-2024)

Current
30-05-2024 → present

Permanent representatives (3)

These people represent a legal-person director (a management company, for instance). They hold no board mandate of their own and do not count as directors.

BLUELegal entity
Permanent representative· perm. rep.: HANSON Geoffrey
State Gazette act 24404255 (10-06-2024)

Permanent representative
- → 30-05-2024
CORRIGAN COMMUNICATIELegal entity
Permanent representative· perm. rep.: CORRIGAN Karin
State Gazette act 24404255 (10-06-2024)

Permanent representative
- → 30-05-2024
IcemenLegal entity
Permanent representative· perm. rep.: VAN WAES Piet
State Gazette act 24404255 (10-06-2024)

Permanent representative
- → 30-05-2024

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van holdings(64210)
Legal form	Private limited company(610)
Incorporation	25-02-2021
Status	Active
Postal code	1800

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Laurent-Benoit Dewezplein 41800 Vilvoorde

Establishment units

1 location

The Happiness Company

Laurent-Benoit Dewezplein 4, 1800 VilvoordeHoldings

since 20212.317.986.531

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area904 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23642D0921/00R002	Flanders	904 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

4 acts

Capital history · 1

10-06-2024

Capital change

Address history · 1

19-09-2025

Registered-office move

All acts · 4 updated 10 months ago

2025

19-09-2025 Registered office moved within Vilvoorde Registered-office change

Steenkaai 42, 1800 Vilvoorde → 1800 Vilvoorde, Laurent-Benoit Dewezplein 4

Original publication ↗

20-02-2025 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles Statutes amendment·Tim CARNEWAL

Summary: De naam van de vennootschap wordt gewijzigd van 'The Happiness Company' naar 'Only Belgium'.Notary: Tim CARNEWAL · BrusselFirm: BERQUIN NOTARISSEN

Original publication ↗

2024

18-06-2024 31 directors appointed, 1 resigning Director changes

Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder
Karin Corrigan, Gedelegeerd bestuurder

Original publication ↗

10-06-2024 All shares are now held by a single shareholder Capital & shares·Tim CARNEWAL

Notary: Tim CARNEWAL · BrusselFirm: BERQUIN NOTARISSEN

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

51 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 27

Solvency 48

Growth 35

Stability 94

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