Equity
Equity fell by 45% in 4 years.
Equity fell by 45% in 4 years.
The result fell in 2025 from €97,748 to €9,166.
Green is investment, beige is depreciation.
Between 2018 and 2025, 86% of the full-time equivalents disappeared.
Board changed. Latest change 19-11-2025 · 1 in office.
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
Fewer than 1 in 1,000 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 47, micro). It does better than 83% of them on solvency, 90% on liquidity, 28% on profitability and 49% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 10,904 companies had the same profile as OVERLOOP has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of OVERLOOP itself: 0.1% 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 10,904 companies, not a prediction for OVERLOOP. 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 3.53 (4.72 in 2024), above the usual 1.5. Short-term debt is 27.7% and cash 68.6% of total assets. 27.7% of the assets are financed with debt and provisions.
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 36 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| OVERLOOP Etterbeek | €340,815 | €164,306 | 72.3% | 1 |
| Cyrim Antwerp | €416,912 | €149,787 | 77.8% | 1 |
| Solutions Son-Image Libramont-Chevigny | €404,793 | €181,623 | 60.1% | 1 |
| Techni Home Services Eghezée | €315,968 | €145,728 | 11.0% | 1.5 |
| 1wAVe Marchin | €220,078 | €124,897 | 60.5% | 1 |
| TICTOPIA Forest | €273,535 | €211,576 | 44.8% | 2 |
| Center Nica Mol | €489,950 | €146,029 | 35.9% | 2 |
These companies have the same main activity as OVERLOOP: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €220,000 and €490,000, founded between 2012 and 2017.
OVERLOOP files the abbreviated format. That format states no turnover. The gross margin rose from €39,639 in 2016 to €164,306 in 2025.
SORTLIST holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €930,000. Estimated: probably between €590,000 and €1.7m.
Higher than 84% of 12,852 companies in 2025.
Higher than 82% of 12,642 companies in 2025.
Higher than 41% of 12,716 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left. Training hours in 2025: 8.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
340,815 | 300,954 | 218,364 | 529,081 | 502,683 | 734,001 | 679,367 | 530,331 | 191,689 | 107,090 | |
21/28 |
7,615 | 8,833 | 7,336 | 13,217 | 18,543 | 15,328 | 33,384 | 27,702 | 36,725 | 25,011 | |
21 |
315 | 420 | 525 | 630 | 735 | 840 | 5,163 | 8,436 | 12,654 | 16,872 | |
22/27 |
5,878 | 6,991 | 5,189 | 7,411 | 14,054 | 14,134 | 27,867 | 18,912 | 23,590 | 6,135 | |
23 |
- | - | - | - | - | 1,701 | 2,499 | 1,036 | 1,381 | - | |
24 |
5,878 | 6,991 | 5,189 | 7,411 | 14,054 | 12,433 | 25,369 | 17,876 | 22,209 | 6,135 | |
28 |
1,422 | 1,422 | 1,622 | 5,176 | 3,754 | 354 | 354 | 354 | 481 | 2,004 | |
29/58 |
333,200 | 292,121 | 211,027 | 515,864 | 484,140 | 718,673 | 645,982 | 502,630 | 154,964 | 82,079 | |
40/41 |
97,457 | 27,169 | 96,002 | 95,321 | 61,513 | 77,368 | 55,271 | 43,292 | 30,043 | 16,033 | |
40 |
82,106 | 14,957 | 21,010 | 10,917 | 8,516 | 10,581 | 5,224 | 6,068 | 927 | 7,222 | |
41 |
15,351 | 12,212 | 74,992 | 84,405 | 52,997 | 66,787 | 50,048 | 37,224 | 29,116 | 8,810 | |
50/53 |
- | - | - | 11,020 | - | - | - | - | - | - | |
54/58 |
233,915 | 259,802 | 108,255 | 403,036 | 414,688 | 631,025 | 577,818 | 456,709 | 108,140 | 66,046 | |
490/1 |
1,827 | 5,150 | 6,771 | 6,487 | 7,938 | 10,280 | 12,893 | 2,629 | 16,781 | - | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
340,815 | 300,954 | 218,364 | 529,081 | 502,683 | 734,001 | 679,367 | 530,331 | 191,689 | 107,090 | |
10/15 |
246,326 | 237,160 | 139,412 | 429,620 | 446,078 | 286,812 | 185,800 | 54,557 | 93,320 | 80,685 | |
10/11 |
66,000 | 66,000 | 66,000 | 66,000 | 60,000 | 66,000 | 60,000 | 60,000 | 60,000 | 60,000 | |
100 |
- | - | - | - | - | - | 60,000 | 60,000 | 60,000 | 60,000 | |
13 |
- | - | - | - | 6,000 | - | 6,000 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 6,000 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 6,000 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 6,000 | - | - | - | - | - | |
14 |
180,326 | 171,160 | 73,412 | 363,620 | 380,078 | 220,812 | 119,800 | -7,303 | 31,460 | 18,825 | |
17/49 |
94,490 | 63,794 | 78,952 | 99,461 | 56,605 | 447,189 | 493,567 | 475,774 | 98,368 | 26,404 | |
17 |
- | - | - | - | - | 350,000 | 350,000 | 350,000 | - | - | |
170/4 |
- | - | - | - | - | 350,000 | 350,000 | 350,000 | - | - | |
42/48 |
94,490 | 61,932 | 78,642 | 99,433 | 56,564 | 97,165 | 143,402 | 125,754 | 98,368 | 26,404 | |
44 |
80,653 | 36,177 | 42,039 | 61,719 | 30,048 | 31,888 | 103,711 | 84,872 | 61,713 | 21,833 | |
440/4 |
80,653 | 36,177 | 42,039 | 61,719 | 30,048 | 31,888 | 103,711 | 84,872 | 61,713 | 21,833 | |
45 |
13,837 | 25,675 | 36,603 | 37,714 | 26,515 | 65,277 | 39,691 | 40,882 | 36,655 | 4,149 | |
450/3 |
1,889 | 4,656 | 7,234 | 4,696 | 4,854 | 12,038 | 11,489 | 14,030 | 18,315 | 3,161 | |
454/9 |
11,948 | 21,019 | 29,369 | 33,018 | 21,661 | 53,239 | 28,202 | 26,852 | 18,340 | 989 | |
47/48 |
- | 80 | - | - | - | - | - | - | - | 421 | |
492/3 |
- | 1,862 | 310 | 27 | 42 | 24 | 164 | 20 | - | - | |
| Income statement | |||||||||||
76A |
6,883 | 13,263 | 17,801 | 8,967 | 1,102 | 3,839 | - | - | - | - | |
9900 |
164,306 | 381,392 | 285,062 | 385,172 | 571,685 | 581,510 | 541,739 | 285,412 | 126,979 | 39,639 | |
62 |
106,454 | 237,398 | 320,972 | 328,072 | 269,399 | 349,201 | 304,846 | 279,031 | 99,403 | 4,229 | |
630 |
1,831 | 2,795 | 2,489 | 4,655 | 11,184 | 20,401 | 22,877 | 14,999 | 8,966 | 6,662 | |
640/8 |
1,242 | 997 | 25,938 | 23,125 | 20,564 | 466 | 592 | 1,099 | 370 | 348 | |
66A |
- | - | 4,204 | - | 441 | 322 | - | 281 | - | 25 | |
9901 |
54,779 | 140,202 | -68,540 | 29,320 | 270,097 | 211,121 | 213,424 | -9,998 | 18,239 | 28,376 | |
75/76B |
38 | 44 | 512 | 10 | 0 | 0 | 24 | 1,635 | 8,120 | 63 | |
75 |
38 | 44 | 512 | 10 | 0 | 0 | 24 | 1,635 | 8,120 | 63 | |
65/66B |
34,141 | 39,210 | 43,744 | 42,258 | 47,071 | 66,746 | 47,163 | 30,101 | 14,718 | 6,759 | |
65 |
34,141 | 39,210 | 43,744 | 42,258 | 47,071 | 66,746 | 47,163 | 30,101 | 14,718 | 6,759 | |
9903 |
20,676 | 101,036 | -111,772 | -12,928 | 223,026 | 144,374 | 166,285 | -38,465 | 11,641 | 21,680 | |
67/77 |
11,510 | 3,287 | 936 | 3,529 | 63,760 | 43,363 | 35,042 | 299 | -995 | 995 | |
9904 |
9,166 | 97,748 | -112,709 | -16,457 | 159,266 | 101,012 | 131,243 | -38,764 | 12,635 | 20,685 | |
9905 |
9,166 | 97,748 | -112,709 | -16,457 | 159,266 | 101,012 | 131,243 | -38,764 | 12,635 | 20,685 | |
| Appropriation of the result | |||||||||||
9906 |
180,326 | 171,160 | 250,912 | 363,620 | 380,078 | 220,812 | 123,940 | -7,303 | 31,460 | 20,685 | |
14P |
171,160 | 73,412 | 363,620 | 380,078 | 220,812 | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 4,140 | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | 4,140 | - | - | 1,860 | |
694/7 |
- | - | 177,500 | - | - | - | - | - | - | - | |
694 |
- | - | 177,500 | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
1 | 2.8 | 4.8 | 5.8 | 6.2 | 6.8 | 6.2 | 7 | - | - | |
Hours worked1013 |
2,371 | 2,076 | 8,443 | 10,312 | 10,336 | 12,300 | 11,116 | 11,446 | - | - | |
| Document | |||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00205613 | |
| 31-12-2024 | full format | 30-06-2025 | 2025-00195949 | |
| 31-12-2023 | full format | 26-06-2024 | 2024-00164303 | |
| 31-12-2022 | full format | 16-06-2023 | 2023-00134162 | |
| 31-12-2021 | full format | 24-06-2022 | 2022-20096933 | |
| 31-12-2020 | full format | 07-07-2021 | 2021-32500492 | |
| 31-12-2019 | full format | 24-06-2020 | 2020-20600069 | |
| 31-12-2018 | full format | 14-07-2019 | 2019-35600391 | |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21800542 | |
| 31-12-2016 | micro format | 26-07-2017 | 2017-36100463 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 56,610 | 142,997 | -66,052 | 33,974 | 281,280 | 231,521 | 236,302 | 5,001 | 27,205 | 35,038 | ||
| 10,996 | 100,543 | -110,220 | -11,803 | 170,449 | 121,412 | 154,120 | -23,765 | 21,602 | 27,348 | ||
| 4,229 | 21,890 | 13,142 | 2,541 | 16,165 | 13,084 | 28,560 | 6,848 | 22,204 | 31,673 | ||
| -25,887 | 151,547 | -294,782 | -11,652 | -216,337 | 53,207 | 121,109 | 348,568 | 42,094 | - | ||
| 238,710 | 230,189 | 132,385 | 416,431 | 427,576 | 621,508 | 502,580 | 376,876 | 56,596 | 55,675 | ||
| 72.3% | 78.8% | 63.8% | 81.2% | 88.7% | 39.1% | 27.3% | 10.3% | 48.7% | 75.3% | ||
| 3.53 | 4.72 | 2.68 | 5.19 | 8.56 | 7.40 | 4.50 | 4.00 | 1.58 | 3.11 | ||
| 0.38 | 0.27 | 0.57 | 0.23 | 0.13 | 1.56 | 2.66 | 8.72 | 1.05 | 0.33 | ||
| 3.7% | 41.2% | -80.8% | -3.8% | 35.7% | 35.2% | 70.6% | -71.1% | 13.5% | 25.6% | ||
| 2.7% | 32.5% | -51.6% | -3.1% | 31.7% | 13.8% | 19.3% | -7.3% | 6.6% | 19.3% | ||
| 1.66 | 3.65 | -1.51 | 0.80 | 5.98 | - | - | - | - | - |
EBIT margin: not included in this filing.
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.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 4 | 6 | 6 |
| full-time | 1 | 2 | 4 | 6 | 6 |
| in full-time equivalents | 1 | 2 | 4 | 6 | 6 |
| 1 | 2.8 | 4.8 | 5.8 | 6.2 | |
| On a permanent contract | 1 | 2 | 4 | 6 | 6 |
| Joined | 0 | 0 | 0 | 2 | - |
| Left | 1 | 2 | 1 | 2 | - |
| Training hours | 8 | 8 | 16 | 80 | 16 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,229 | €21,890 | €13,142 | €1,119 | €12,765 |
| Financial fixed assets | - | - | - | €1,422 | €3,400 |
| €1,831 | €2,795 | €2,489 | €4,655 | €11,184 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 61% lower than in 2024.
Debt's share of the balance-sheet total rises from 21.2% to 27.7%. Equity and debt are higher.
Source: list of holdings in the 2025 accounts of SORTLIST. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
| WOOCLAP
registered office since 06-10-2014 · founded in 2014 |
19 FTE (2025) 0563.691.645 |
| Incubatiecentrum Arsenaal Brussel
registered office since 19-05-2006 · founded in 2005 |
2.9 FTE (2025) 0876.709.853 |
| FNRCK Invest
establishment since 12-04-2023 · founded in 2023 |
total assets €5.9m (2025) 0800.546.146 |
| Primento Digital
registered office since 13-08-2012 · founded in 2006 |
total assets €2.9m (2025) 0885.604.357 |
| TC FLOAT
registered office since 11-07-2014 · founded in 2014 |
2.5 FTE (2025) 0555.838.209 |
| KABANDY
registered office since 11-03-2016 · founded in 2016 |
4.3 FTE (2025) 0649.859.121 |
| QBIC Brussels Fund
registered office since 19-06-2012 · founded in 2012 · group QBIC Feeder Fund |
total assets €2.2m (2025) 0846.785.551 |
| ACTIVE GOLFTRAVEL
establishment since 03-08-2000 · founded in 2000 |
4.8 FTE (2025) 0471.548.276 |
| PENBOX
registered office since 28-11-2019 · founded in 2019 |
2.4 FTE (2025) 0738.549.585 |
| SynHERA
establishment since 01-10-2019 · founded in 1999 · accounts filed late |
total assets €1.5m (2024) 0465.901.193 |
The network starts from the directors of OVERLOOP. Every other company they run is a node.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
1 of 2 establishments on the map
| Establishment | Since | Unit number |
|---|---|---|
| Witte Patersstraat 4 registered office 1040 Etterbeek 4321102 General electrical installation work | 13-01-2016 | 2.249.060.806 |
| Rue St Joseph 14 5332 Assesse 62100 Computer programming | 01-02-2023 | 2.344.042.117 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0348/00A002 | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 |
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