Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The accounts state no turnover.
Of this, €52,739 falls due within a year.
Short-term debts fell from €134,672 to €52,739.
The last five annual accounts were filed 0 to 4 days before the end of the period.
Less equity than 95% of companies in furniture. Sector median €47,838 · 505 companies.
The dashed line is the sector median: 0.6% across 829 companies (NACE 31, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 31, micro). It does better than 6% of them on solvency, 34% on liquidity, 95% on profitability and 72% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 3,794 companies had the same profile as ORBEGIT has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ORBEGIT itself: 1.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for ORBEGIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.6 (1.17 in 2024), above the usual 1.5. Short-term debt is 28.3% and cash 0.7% of total assets. However, equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ORBEGIT Aalter | €186,247 | €62,812 | -143.7% | - |
| ESPACE 3 Ecaussinnes | €223,426 | €61,258 | 21.9% | - |
| FREJA CONCEPTS Merelbeke-Melle | €231,337 | €58,123 | 49.1% | - |
| LUC LORMANS Antwerp | €149,549 | €109,468 | 36.4% | - |
| Création-Ebénisterie FERON Anne Tournai | €275,863 | €82,836 | 57.3% | 1.8 |
| DUROCUB KEUKEN Lievegem | €277,035 | €101,872 | -20.3% | 1 |
| HOUTHOOFD - DENORME Moorslede | €180,704 | €81,179 | 19.0% | - |
These companies have the same main activity as ORBEGIT: manufacture of furniture (NACE 31002). They are comparable in size and age: total assets between €150,000 and €277,000, founded between 1987 and 2001.
ORBEGIT files the micro format. That format states no turnover. The gross margin fell from €70,570 in 2006 to €62,812 in 2025.
The balance sheet grew most from 2007 to 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €120,000 and €330,000.
Higher than 5% of 503 companies in 2025.
Higher than 67% of 487 companies in 2025.
Higher than 92% of 489 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
186,247 | 206,902 | 248,135 | 316,128 | 429,754 | 560,706 | 772,148 | 767,589 | 861,796 | 896,642 | 912,066 | 784,543 | 807,549 | 532,571 | 636,830 | 742,686 | 684,988 | 386,875 | 205,928 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
21/28 |
49,079 | 49,439 | 49,799 | 50,159 | 65,687 | 81,659 | 99,485 | 118,096 | 151,258 | 189,048 | 222,271 | 260,732 | 299,067 | 205,778 | 294,374 | 400,649 | 377,324 | 223,203 | 94,031 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
22/27 |
1,079 | 1,439 | 1,799 | 2,159 | 17,687 | 33,659 | 51,485 | 70,096 | 103,258 | 141,048 | 174,271 | 212,732 | 251,067 | 157,778 | 246,374 | 350,949 | 278,324 | 124,203 | 43,031 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 592 | 1,184 | 1,776 | 2,773 | 810 | |
23 |
- | - | - | - | - | 195 | 391 | 983 | 1,751 | 1,542 | 2,214 | 1,197 | 890 | 9,264 | 63,386 | 95,416 | 113,492 | 13,237 | 7,950 | |
24 |
- | - | - | - | - | 248 | 2,057 | 3,866 | 6,614 | 12,336 | 12,610 | 19,210 | 22,786 | 19,343 | 31,340 | 50,326 | 57,288 | 22,576 | 4,627 | |
26 |
1,079 | 1,439 | 1,799 | 2,159 | 17,687 | 33,216 | 49,037 | 65,247 | 94,893 | 127,170 | 159,447 | 192,325 | 227,391 | 129,171 | 151,056 | 204,023 | 105,768 | 85,617 | 24,318 | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
28 |
48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 48,000 | 49,700 | 99,000 | 99,000 | 51,000 | |
29/58 |
137,168 | 157,463 | 198,336 | 265,969 | 364,067 | 479,047 | 672,663 | 649,493 | 710,538 | 707,594 | 689,795 | 523,811 | 508,482 | 326,793 | 342,456 | 342,037 | 307,664 | 163,672 | 111,897 | |
29 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
290 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
3 |
9,305 | 10,182 | 35,161 | 37,090 | 37,966 | 156,148 | 220,327 | 306,652 | 421,656 | 350,742 | 346,388 | 337,910 | 294,400 | 174,073 | 166,513 | 116,193 | 99,169 | 36,475 | 52,631 | |
30/36 |
9,305 | 10,182 | 35,161 | 37,090 | 37,966 | 156,148 | 220,327 | 289,952 | 336,193 | 350,742 | 329,782 | 298,010 | 294,400 | 142,611 | 166,513 | 98,183 | 99,169 | 36,475 | 52,631 | |
37 |
- | - | - | - | - | - | - | 16,700 | 85,463 | - | 16,606 | 39,900 | - | 31,462 | - | 18,010 | - | - | 0 | |
40/41 |
123,008 | 140,871 | 146,312 | 225,110 | 322,464 | 319,245 | 437,864 | 311,776 | 279,892 | 347,484 | 321,952 | 174,284 | 190,885 | 146,289 | 160,644 | 207,904 | 197,584 | 118,687 | 50,276 | |
40 |
92,942 | 101,460 | 109,331 | 158,302 | 158,930 | 154,371 | 298,423 | 306,460 | 254,576 | 322,168 | 296,636 | 148,969 | 165,569 | 140,974 | 147,592 | 198,336 | 171,323 | 118,202 | 48,920 | |
41 |
30,066 | 39,411 | 36,981 | 66,808 | 163,534 | 164,874 | 139,441 | 5,316 | 25,316 | 25,316 | 25,316 | 25,315 | 25,316 | 5,315 | 13,052 | 9,568 | 26,261 | 485 | 1,356 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
54/58 |
1,228 | 2,783 | 13,236 | 66 | 10 | 27 | 8,753 | 86 | 28 | 119 | 6,468 | 862 | 14,920 | 526 | 573 | 339 | 5,430 | 2,151 | 2,022 | |
490/1 |
3,627 | 3,627 | 3,627 | 3,703 | 3,627 | 3,627 | 5,719 | 30,979 | 8,962 | 9,249 | 14,987 | 10,755 | 8,277 | 5,905 | 14,726 | 17,601 | 5,481 | 6,359 | 6,968 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
186,247 | 206,902 | 248,135 | 316,128 | 429,754 | 560,706 | 772,148 | 767,589 | 861,796 | 896,642 | 912,066 | 784,543 | 807,549 | 532,571 | 636,830 | 742,686 | 684,988 | 386,875 | 205,928 | |
10/15 |
-267,559 | -328,900 | -377,358 | -356,071 | -270,202 | -125,515 | -1,722 | 135,889 | 178,442 | -41,072 | -51,713 | -61,762 | -43,025 | -13,971 | 23,584 | -27,866 | 70,983 | 101,166 | 75,744 | |
10/11 |
162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 37,500 | 37,500 | 37,500 | 37,500 | |
100 |
- | - | - | - | - | - | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 162,500 | 37,500 | 37,500 | 37,500 | 37,500 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
11 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
1100/10 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
13 |
2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,982 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 33,483 | 45,050 | 33,050 | |
130/1 |
- | 682 | 682 | 682 | 682 | 682 | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
130 |
- | - | - | - | - | - | 682 | 682 | 682 | - | - | - | - | - | - | - | 3,750 | 3,750 | 3,750 | |
1311 |
- | 682 | 682 | 682 | 682 | 682 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1312 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
1319 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
132 |
2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 2,300 | 14,300 | 14,300 | 2,300 | |
133 |
682 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,433 | 27,000 | 27,000 | |
14 |
-433,041 | -494,382 | -542,840 | -521,553 | -435,684 | -290,997 | -167,204 | -29,593 | 12,960 | -205,872 | -216,513 | -226,562 | -207,825 | -178,771 | -141,216 | -67,666 | - | 18,616 | 5,194 | |
15 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
19 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
168 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
17/49 |
453,806 | 535,802 | 625,493 | 672,199 | 699,956 | 686,221 | 773,870 | 631,700 | 683,354 | 937,714 | 963,779 | 846,305 | 850,574 | 546,542 | 613,246 | 770,552 | 614,005 | 285,709 | 130,184 | |
17 |
400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 31,390 | 65,737 | 228,526 | 168,998 | 36,377 | 19,911 | |
170/4 |
- | - | - | - | - | - | - | - | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 31,390 | 65,737 | 103,526 | 43,998 | 36,377 | 19,911 | |
175 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
176 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
178/9 |
400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | - | - | - | - | - | - | - | 125,000 | 125,000 | - | 0 | |
42/48 |
52,739 | 134,672 | 224,408 | 270,614 | 298,380 | 283,148 | 370,798 | 228,628 | 280,284 | 533,978 | 557,150 | 439,678 | 447,447 | 512,029 | 543,717 | 538,911 | 438,185 | 244,161 | 110,272 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,438 | 34,347 | 38,036 | 58,666 | 28,101 | 12,194 | 9,726 | |
43 |
- | - | - | - | 5,164 | 22,009 | 23,408 | 24,550 | 24,969 | 23,224 | - | - | - | 99,631 | 126,285 | 127,205 | 120,486 | 47,469 | 0 | |
430/8 |
- | - | - | - | 5,164 | 22,009 | 23,408 | 24,550 | 24,969 | 23,224 | - | - | - | 99,631 | 126,285 | 127,205 | 120,486 | 47,469 | 0 | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
44 |
2,345 | 17,699 | 21,189 | 21,148 | 30,425 | 45,841 | 95,649 | 70,630 | 101,392 | 128,518 | 155,600 | 57,743 | 106,162 | 104,125 | 128,554 | 190,849 | 144,560 | 83,877 | 86,113 | |
440/4 |
2,345 | 17,699 | 21,189 | 21,148 | 30,425 | 45,841 | 95,649 | 70,630 | 101,392 | 128,518 | 155,600 | 57,743 | 106,162 | 104,125 | 128,554 | 190,849 | 144,560 | 83,877 | 86,113 | |
441 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
45 |
- | 3,269 | 2,674 | - | - | 17,025 | 12,411 | 7,947 | 25,461 | 17,362 | 16,241 | 4,551 | 20,491 | 21,069 | 21,016 | 21,065 | 26,814 | 21,668 | 14,434 | |
450/3 |
- | 3,269 | 2,674 | - | - | 17,025 | 12,411 | 7,947 | 25,461 | 17,362 | 16,241 | 4,551 | 15,564 | 14,810 | 1,766 | 4,074 | 13,793 | 20,842 | 10,451 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,927 | 6,259 | 19,250 | 16,991 | 13,021 | 826 | 3,983 | |
47/48 |
50,394 | 113,704 | 200,545 | 249,466 | 262,791 | 198,273 | 239,330 | 125,501 | 128,462 | 364,874 | 385,309 | 377,384 | 309,356 | 252,857 | 229,826 | 141,126 | 118,224 | 78,953 | 0 | |
492/3 |
1,067 | 1,130 | 1,085 | 1,585 | 1,576 | 3,073 | 3,072 | 3,072 | 3,070 | 3,736 | 6,629 | 6,627 | 3,127 | 3,123 | 3,792 | 3,115 | 6,822 | 5,171 | 0 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
76A |
- | - | - | - | - | 18,439 | 1,000 | - | - | - | - | 500 | 4,000 | 25 | 1,073 | 700 | - | - | 0 | |
9900 |
62,812 | 50,234 | 29,658 | -27,523 | -6,544 | -41,355 | -104,104 | 42,267 | 279,616 | 68,989 | 66,964 | 55,074 | 173,558 | 85,596 | 109,989 | 138,288 | 92,208 | 113,364 | 70,570 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | 4,235 | 82,810 | 56,394 | 84,077 | 119,911 | 36,363 | 2,317 | 25,717 | |
630 |
360 | 360 | 360 | 15,528 | 15,972 | 17,826 | 22,209 | 33,162 | 40,005 | 41,030 | 40,446 | 43,733 | 80,155 | 43,699 | 74,924 | 84,875 | 69,433 | 47,255 | 21,630 | |
631/4 |
877 | 877 | 24,614 | 877 | 118,182 | -20,210 | -5,666 | 30,260 | - | - | - | - | - | - | - | - | - | - | 0 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
640/8 |
807 | 619 | 554 | 41,780 | 2,000 | 2,971 | 3,363 | 7,048 | 5,207 | 1,404 | 2,538 | 12,773 | 2,523 | 4,503 | 3,072 | 2,766 | 3,719 | 2,431 | 2,717 | |
649 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
66A |
- | - | - | - | - | 77,428 | - | - | - | - | - | 547 | 2,202 | - | - | 3,000 | - | - | 0 | |
9901 |
60,768 | 48,378 | 4,130 | -85,708 | -142,698 | -119,370 | -124,010 | -28,203 | 234,404 | 26,555 | 23,980 | -5,667 | 8,070 | -19,000 | -52,084 | -69,264 | -17,307 | 61,361 | 20,506 | |
75/76B |
616 | 163 | - | - | 3 | 113 | 1,101 | 405 | 157 | 855 | 54 | 110 | 189 | 244 | 1,496 | 300 | 1,798 | 76 | 91 | |
75 |
616 | 163 | - | - | 3 | 113 | 1,101 | 405 | 157 | 855 | 54 | 110 | 189 | 244 | 1,496 | 300 | 1,798 | 76 | 91 | |
65/66B |
43 | 83 | 25,417 | 161 | 1,992 | 4,536 | 14,702 | 14,755 | 15,047 | 16,769 | 13,985 | 13,133 | 39,111 | 18,824 | 24,035 | 23,050 | 14,646 | 5,646 | 2,294 | |
65 |
43 | 83 | 25,417 | 161 | 1,992 | 4,536 | 14,702 | 14,755 | 15,047 | 16,769 | 13,985 | 13,133 | 39,111 | 18,824 | 24,035 | 23,050 | 14,646 | 5,646 | 2,294 | |
9903 |
61,341 | 48,458 | -21,287 | -85,869 | -144,687 | -123,793 | -137,611 | -42,553 | 219,514 | 10,641 | 10,049 | -18,737 | -29,054 | -37,555 | -73,550 | -94,314 | -30,155 | 55,791 | 18,303 | |
67/77 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,535 | 28 | 10,369 | 6,415 | |
9904 |
61,341 | 48,458 | -21,287 | -85,869 | -144,687 | -123,793 | -137,611 | -42,553 | 219,514 | 10,641 | 10,049 | -18,737 | -29,054 | -37,555 | -73,550 | -98,849 | -30,183 | 45,422 | 11,888 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,000 | - | - | 0 | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,000 | 0 | |
9905 |
61,341 | 48,458 | -21,287 | -85,869 | -144,687 | -123,793 | -137,611 | -42,553 | 219,514 | 10,641 | 10,049 | -18,737 | -29,054 | -37,555 | -73,550 | -86,849 | -30,183 | 33,422 | 11,888 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-433,041 | -494,382 | -542,840 | -521,553 | -435,684 | -290,997 | -167,204 | -29,593 | 13,642 | -205,872 | -216,513 | -226,562 | -207,825 | -178,771 | -141,216 | -86,849 | -11,567 | 38,616 | 12,194 | |
14P |
-494,382 | -542,840 | -521,553 | -435,684 | -290,997 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19,183 | 11,567 | - | 0 | |
691/2 |
- | - | - | - | - | - | - | - | 682 | - | - | - | - | - | - | - | - | - | 7,000 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
6920 |
- | - | - | - | - | - | - | - | 682 | - | - | - | - | - | - | - | - | - | 0 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7,000 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 0 | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 20,000 | 0 | |
| Social balance sheet | ||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.1 | 1 | 1.3 | 2.1 | 3 | 0.9 | 0.1 | 0.9 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 112 | 2,920 | 1,808 | 3,660 | 5,232 | 1,600 | 1 | 1,672 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00103056 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00088507 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00079529 | |
| 30-09-2022 | micro format | 26-04-2023 | 2023-00066034 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20013454 | |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12500286 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-10400444 | |
| 30-09-2018 | abbreviated format | 02-04-2019 | 2019-08700561 | |
| 30-09-2017 | abbreviated format | 30-03-2018 | 2018-08200123 | |
| 30-09-2016 | abbreviated format | 31-03-2017 | 2017-07700060 | |
| 30-09-2015 | abbreviated format | 01-04-2016 | 2016-08300591 | |
| 30-09-2014 | abbreviated format | 27-03-2015 | 2015-07300221 | |
| 30-09-2013 | abbreviated format | 22-04-2014 | 2014-09300307 | |
| 31-12-2011 | abbreviated format | 25-06-2012 | 2012-20000417 | |
| 31-12-2010 | abbreviated format | 20-07-2011 | 2011-32200308 | |
| 31-12-2009 | abbreviated format | 12-07-2010 | 2010-29400125 | |
| 31-12-2008 | abbreviated format | 24-07-2009 | 2009-47900086 | |
| 31-12-2007 | abbreviated format | 16-06-2008 | 2008-23400370 | |
| 31-12-2006 | abbreviated format | 25-07-2007 | 2007-45200228 | |
| 31-12-2005 | abbreviated format | 27-07-2006 | 2006-53200010 | |
| 31-12-2004 | abbreviated format | 07-09-2005 | 2005-66400160 | |
| 31-12-2003 | abbreviated format | 10-06-2004 | 2004-22804934 | |
| 31-12-2002 | abbreviated format | 25-06-2004 | 2004-32600576 | |
| 31-12-2001 | abbreviated format | 12-07-2002 | 2002-37502277 | |
| 31-12-2000 | abbreviated format | 18-05-2001 | 2001-13500696 | |
| 31-12-1999 | abbreviated format | 20-04-2000 | 2000-10502166 | |
| 31-12-1998 | abbreviated format | 26-05-1999 | 1999-11800930 | |
| 31-12-1997 | abbreviated format | 18-05-1998 | 1998-10101481 | |
| 31-12-1996 | abbreviated format | 26-05-1997 | 1997-09302282 | |
| 31-12-1995 | abbreviated format | 15-05-1996 | 1996-08604876 | |
| 31-12-1994 | abbreviated format | 19-05-1995 | 1995-09000768 | |
| 31-12-1993 | abbreviated format | 28-04-1994 | 1994-07100604 | |
| 31-12-1992 | abbreviated format | 19-05-1993 | 1993-07902129 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 61,128 | 48,738 | 4,490 | -70,180 | -126,726 | -101,544 | -101,801 | 4,959 | 274,409 | 67,585 | 64,426 | 38,066 | 88,225 | 24,699 | 22,840 | 15,611 | 52,126 | 108,616 | 42,136 | ||
| 61,701 | 48,818 | -20,927 | -70,341 | -128,715 | -105,967 | -115,402 | -9,391 | 259,519 | 51,671 | 50,495 | 24,996 | 51,101 | 6,144 | 1,374 | -13,974 | 39,250 | 92,677 | 33,518 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 3,598 | 0 | 2,215 | 7,807 | 1,985 | 5,945 | 179,060 | 3,125 | 13,116 | 168,000 | 223,554 | 176,427 | 33,074 | ||
| -1,555 | -10,453 | 13,170 | 56 | -17 | -8,726 | 8,667 | 58 | -91 | -6,349 | 5,606 | -14,058 | - | -47 | 234 | -5,091 | 3,279 | 129 | - | ||
| 84,429 | 22,791 | -26,072 | -4,645 | 65,687 | 195,899 | 301,865 | 420,865 | 430,254 | 173,616 | 132,645 | 84,133 | 61,035 | -185,236 | -201,261 | -196,874 | -130,521 | -80,489 | 1,625 | ||
| -143.7% | -159.0% | -152.1% | -112.6% | -62.9% | -22.4% | -0.2% | 17.7% | 20.7% | -4.6% | -5.7% | -7.9% | -5.3% | -2.6% | 3.7% | -3.8% | 10.4% | 26.1% | 36.8% | ||
| 2.60 | 1.17 | 0.88 | 0.98 | 1.22 | 1.69 | 1.81 | 2.84 | 2.54 | 1.33 | 1.24 | 1.19 | 1.14 | 0.64 | 0.63 | 0.63 | 0.70 | 0.67 | 1.01 | ||
| 2.42 | 1.09 | 0.73 | 0.85 | 1.09 | 1.14 | 1.22 | 1.50 | 1.03 | 0.67 | 0.62 | 0.42 | 0.48 | 0.30 | 0.32 | 0.42 | 0.48 | 0.52 | 0.54 | ||
| - | - | - | - | - | - | - | 4.65 | 3.83 | - | - | - | - | - | 26.00 | - | 8.65 | 2.82 | 1.72 | ||
| - | - | - | - | - | - | - | -31.3% | 123.0% | - | - | - | - | - | -311.9% | - | -42.5% | 44.9% | 15.7% | ||
| 32.9% | 23.4% | -8.6% | -27.2% | -33.7% | -22.1% | -17.8% | -5.5% | 25.5% | 1.2% | 1.1% | -2.4% | -3.6% | -7.1% | -11.5% | -13.3% | -4.4% | 11.7% | 5.8% | ||
| over 100 | over 100 | 0.18 | -435.90 | -63.62 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2025 is 26% higher than in 2024 and the highest since 2017. It is the fourth rise in a row, after the fall in 2021.
Equity is negative. Debt (€453,806) exceeds the balance-sheet total (€186,247).
1 other company of this director went bankrupt.
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
Source: list of holdings in its own 30-09-2024 accounts. Every holding stands with its own latest accounts.
| Vogcap
registered office since 23-12-1988 · founded in 1968 |
total assets €3.2m (2025) 0400.187.950 |
| EXQUISE via Derijcke Sofie, no longer at EXQUISE · Director (not named in the articles) · deed of 08-11-2019 Open bankruptcy · founded in 2019 |
total assets €233,183 (2021) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Stekelhoek 13 registered office 9910 Aalter 43211 General electrical installation work | 07-06-1991 | 2.053.065.673 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44029C0733/00G000 | 2,391 m² | 1 · 252 m² | 6.1 m · 1 |
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