Open & Close
ActiveSummary
The computed 12-month bankruptcy probability of Open & Close is 1.7% (moderate). The 2026 annual accounts show negative equity (-€7,237) and a net result of €5,052. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 232 sector peers (fiscal year 2026). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2026
Axes · tick = 2025
Profitability76▲+3
Solvency16▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.02 in 2025; short-term debt: 108.9% and cash: 2.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2026Solvency, return and age of the figures
Solvency
-8.9%
Return on assets
6.2%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 232 sector peers (2026).
NBB · sector comparisonPosition among 232 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
42 d early
2024
24 d early
2023
42 d early
2022
3 d late
2021
10 d early
2020
10 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 21 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
-€7,237▲ 41.1%
2025 · -€12,290
Total assets
€81,666▼ 6.8%
2025 · €87,599
Net result
€5,052▲ 58.4%
2025 · €3,189
Working capital
-€86,016▲ 11.7%
2025 · -€97,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20222023202420252026
Operating result-€34,303▲ 28.4%-€17,432▲ 49.2%-€15,461▲ 11.3%€3,654€5,283▲ 44.6%
Net result-€34,813below the sector's middle half▲ 27.9%-€18,060below the sector's middle half▲ 48.1%-€15,981below the sector's middle half▲ 11.5%€3,189within the sector's middle half€5,052▲ 58.4%
Equity€18,563below the sector's middle half▼ 65.2%€502below the sector's middle half▼ 97.3%-€15,479below the sector's middle half-€12,290below the sector's middle half▲ 20.6%-€7,237▲ 41.1%
Total assets€109,345within the sector's middle half▼ 13.9%€102,940within the sector's middle half▼ 5.9%€95,258within the sector's middle half▼ 7.5%€87,599within the sector's middle half▼ 8.0%€81,666▼ 6.8%
Debt€90,782▲ 23.4%€102,437▲ 12.8%€110,737▲ 8.1%€99,889▼ 9.8%€88,903▼ 11.0%
Working capital-€88,394▼ 35.9%-€97,300▼ 10.1%-€107,726▼ 10.7%-€97,464▲ 9.5%-€86,016▲ 11.7%
Solvency17.0%below the sector's middle half▼ 25.1pp0.5%below the sector's middle half▼ 16.5pp-16.2%below the sector's middle half▼ 16.7pp-14.0%below the sector's middle half▲ 2.2pp-8.9%▲ 5.2pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 has risen four years in a row; 2026 is 45% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €81,666
Fixed assets
€78,779 ▼ 7.5%
Current assets
€2,887 ▲ 19.1%
Key figures and ratios
EBITDA
€11,679▲
2025 · €10,727
Cash flow
€11,448▲
2025 · €10,261
Current ratio
0.03▲
2025 · 0.02
Debt to equity
-12.28▼
2025 · -8.13
ROA
6.2%▲
2025 · 3.6%
Interest coverage
50.66▲
2025 · 23.06
Debt ≤ 1 year
€88,903▼
2025 · €99,889
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 3,799 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,300 | €9,754 | €7,536 | €7,072 | €6,396 | ▼ 9.6% |
| Other operating charges640/8 | €2,109 | €2,235 | €3,243 | €2,582 | €2,726 | ▲ 5.6% |
| Gross operating margin9900 | -€19,894 | -€5,443 | -€4,681 | €13,309 | €14,404 | ▲ 8.2% |
| Operating profit (loss)9901 | -€34,303 | -€17,432 | -€15,461 | €3,654 | €5,283 | ▲ 44.6% |
| Financial income75/76B | €15 | - | €17 | - | - | - |
| Recurring financial income75 | €15 | - | €17 | - | - | - |
| Financial charges65/66B | €267 | €332 | €230 | €465 | €231 | ▼ 50.4% |
| Recurring financial charges65 | €267 | €332 | €230 | €465 | €231 | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | -€34,554 | -€17,763 | -€15,674 | €3,189 | €5,052 | ▲ 58.4% |
| Income taxes67/77 | €258 | €297 | €308 | - | - | - |
| Profit (loss) for the period9904 | -€34,813 | -€18,060 | -€15,981 | €3,189 | €5,052 | ▲ 58.4% |
| Profit (loss) for the period to be appropriated9905 | -€34,813 | -€18,060 | -€15,981 | €3,189 | €5,052 | ▲ 58.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,345 | €102,940 | €95,258 | €87,599 | €81,666 | ▼ 6.8% |
| Fixed assets21/28 | €106,957 | €97,803 | €92,247 | €85,175 | €78,779 | ▼ 7.5% |
| Intangible fixed assets21 | €832 | €549 | €266 | - | - | - |
| Tangible fixed assets22/27 | €106,125 | €97,254 | €91,496 | €84,689 | €78,293 | ▼ 7.6% |
| Land and buildings22 | €95,726 | €90,694 | €85,662 | €80,631 | €75,599 | ▼ 6.2% |
| Plant, machinery and equipment23 | €7,929 | €6,501 | €5,516 | €3,848 | €2,592 | ▼ 32.6% |
| Furniture and vehicles24 | €2,469 | €58 | €318 | €210 | €103 | ▼ 51.1% |
| Financial fixed assets28 | - | - | €486 | €486 | €486 | = |
| Current assets29/58 | €2,388 | €5,137 | €3,011 | €2,424 | €2,887 | ▲ 19.1% |
| Amounts receivable within one year40/41 | - | - | €2,213 | €296 | €456 | ▲ 53.9% |
| Trade receivables40 | - | - | €2,213 | €296 | €162 | ▼ 45.4% |
| Other amounts receivable41 | - | - | - | - | €294 | - |
| Cash at bank and in hand54/58 | €1,829 | €4,997 | €631 | €1,687 | €1,693 | ▲ 0.3% |
| Deferred charges and accrued income490/1 | €559 | €140 | €167 | €441 | €738 | ▲ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,345 | €102,940 | €95,258 | €87,599 | €81,666 | ▼ 6.8% |
| Equity10/15 | €18,563 | €502 | -€15,479 | -€12,290 | -€7,237 | ▲ 41.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€6,436 | -€24,497 | -€40,478 | -€37,289 | -€32,236 | ▲ 13.5% |
| Investment grants15 | €4,539 | €4,539 | €4,539 | €4,539 | €4,539 | = |
| Amounts payable17/49 | €90,782 | €102,437 | €110,737 | €99,889 | €88,903 | ▼ 11.0% |
| Amounts payable within one year42/48 | €90,782 | €102,437 | €110,737 | €99,889 | €88,903 | ▼ 11.0% |
| Current portion of amounts payable after more than one year42 | €1,345 | - | - | - | - | - |
| Trade debts44 | €10,357 | €7,238 | €5,606 | €4,208 | €3,510 | ▼ 16.6% |
| Suppliers440/4 | €10,357 | €7,238 | €5,606 | €4,208 | €3,510 | ▼ 16.6% |
| Advances received on contracts in progress46 | - | - | €2,200 | - | - | - |
| Taxes, remuneration and social security45 | €2,289 | €1,248 | €1,012 | €795 | - | - |
| Taxes450/3 | €2,289 | €1,248 | €1,012 | €795 | - | - |
| Other amounts payable47/48 | €76,790 | €93,952 | €101,918 | €94,886 | €85,393 | ▼ 10.0% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,813 | -€18,060 | -€15,981 | €3,189 | €5,052 | ▲ 58.4% |
| + Depreciation and write-downs630 | €12,300 | €9,754 | €7,536 | €7,072 | €6,396 | ▼ 9.6% |
| Operating cash flow (approximation) | -€22,513 | -€8,306 | -€8,445 | €10,261 | €11,448 | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | -€600 | -€1,981 | €0 | €0 | - |
| Change in cash | - | €3,168 | -€4,366 | €1,056 | €6 | ▼ 99.4% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2019net €5,052 ▲58.4%
Operating result €5,283, net result €5,052, both a record.
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €3,189
Net result €3,189 after 6 loss-making years.
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€48,282
Net result drops to -€48,282, the lowest in the series; recovery starts the following year.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Evere · 1 establishment unit since 2003
Ground area
478 m²
Building footprint
153 m²
Volume, LiDAR
947 m³
Parcel 21372D0319/00M002, Brussels · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Open and Close
since 20032.114.243.276
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0319/00M002 | Brussels | 478 m² | 1 · 153 m² | 10.4 m · 2 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.
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 427 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
Founded06-12-2002
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
46190Agents in non-specialised wholesale trade
71112Activities of interior architects
74140Other specialised design activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478957393
Also
9925:BE0478957393
Registered
09-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.