P9
ActiveSummary
P9 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,734) and a net result of -€4,290. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-03-2024 Normal situation
- Activity
- “Le développement immobilier, conseil, gestion de projet” (deed in French)From the articles, 27 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.361.461.238 6120 Ham-sur-Heure-Nalinnes, since 18-03-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- de VILLEGAS de CLERCAMP AdrienDirector
- LOSSEAU BenjaminDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €44,908
- Turnover
- ≈ €180,000
- estimated
- Loss
- €4,290
- ▼ 88.2%
- Equity
- -€20,734
- ▼ 26.1%
- Total assets
- €1.1m
- ▲ 20.3%
- Negative equity on 31-12-2025
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€20,734Liquidity: current ratio 2.89, cash €4,423lowers riskSize: total assets €1.1mNo main activity registeredShow the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 19% of micro companies without a NACE code
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
23=
equity -1.8% of total assets
Liquidity
35-56
short-term debt 34.6% · cash 0.4%
Profitability
37+23
return on assets -0.4%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 2.4%
05-2025: 2.4%● unchanged vs 04-2025
06-2025: 2.5%▲ +0.1 percentage points vs 05-2025
07-2025: 2.9%▲ +0.4 percentage points vs 06-2025
08-2025: 3.1%▲ +0.2 percentage points vs 07-2025
09-2025: 3.3%▲ +0.2 percentage points vs 08-2025
10-2025: 3.6%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 3.6%● unchanged vs 10-2025highest value
12-2025: 3.5%▼ -0.1 percentage points vs 11-2025
01-2026: 2.7%▼ -0.8 percentage points vs 12-2025
02-2026: 2.7%● unchanged vs 01-2026
03-2026: 2.7%● unchanged vs 02-2026
04-2026: 2.4%▼ -0.3 percentage points vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 2.4%● unchanged vs 05-2026
07-2026: 2.4%● unchanged vs 06-2026
08-2026: 2.9%▲ +0.5 percentage points vs 07-2026
09-2026: 0.6%▼ -2.3 percentage points vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
No credit on open account
Liquidity is ample, with a current ratio of 2.89 (5.84 in 2024), above the usual 1.5. Short-term debt is 34.6% and cash 0.4% of total assets. However, equity is negative.
Calculation
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 (no NACE code, micro). It does better than 14% of them on solvency, 19% on liquidity, 27% on profitability and 15% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€20,734
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
26 days late
2024
131 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average 79 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00487876.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 2 filings
Turnover
≈ €180,000
Estimated: probably between €110,000 and €330,000
Total assets
€1.1m▲ 20.3%
2024 · €950,965
Net result
-€4,290▲ 88.2%
2024 · -€36,444
Working capital
€748,334▼ 5.0%
2024 · €788,056
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€27,944
2025
20242025
Net result
-€4,290
▲ 88.2%
2025
20242025
Equity
-€20,734
▼ 26.1%
2025
20242025
Total assets
€1.1m
▲ 20.3%
2025
20242025
Debt
€1.2m
▲ 20.4%
2025
20242025
Working capital
€748,334
▼ 5.0%
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€0.02m-€0.03m
Net result-€0.04m--€0.004m▲ 88.2%
Equity-€0.02m--€0.02m▼ 26.1%
Total assets€1.0m-€1.1m▲ 20.3%
Debt€1.0m-€1.2m▲ 20.4%
Working capital€0.8m-€0.7m▼ 5.0%
The operating result for 2025 is a profit of €27,944, after a loss of €18,521 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Solvency
-1.8%▼
2024 · -1.7%
Current ratio
2.89▼
2024 · 5.84
Quick ratio
0.03▲
2024 · 0.01
ROA
-0.4%▲
2024 · -3.8%
Debt ≤ 1 year
€395,526▲
2024 · €162,909
Debt > 1 year
€769,068▼
2024 · €804,500
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Intangible fixed assets | €857 | - |
| Depreciation and write-downs of the year | €857 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €857 | - | - |
| Other operating charges640/8 | €7,862 | €16,964 | ▲ 116% |
| Gross operating margin9900 | -€9,802 | €44,908 | - |
| Operating profit (loss)9901 | -€18,521 | €27,944 | - |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €17,923 | €32,234 | ▲ 79.8% |
| Recurring financial charges65 | €17,923 | €32,234 | ▲ 79.8% |
| Profit (loss) for the period before taxes9903 | -€36,444 | -€4,290 | ▲ 88.2% |
| Profit (loss) for the period9904 | -€36,444 | -€4,290 | ▲ 88.2% |
| Profit (loss) for the period to be appropriated9905 | -€36,444 | -€4,290 | ▲ 88.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €1.1m | ▲ 20.3% |
| Current assets29/58 | €1.0m | €1.1m | ▲ 20.3% |
| Stocks and contracts in progress3 | €1.0m | €1.1m | ▲ 19.0% |
| Stocks30/36 | €1.0m | €1.1m | ▲ 19.0% |
| Amounts receivable within one year40/41 | - | €0.001m | - |
| Trade receivables40 | - | €0.001m | - |
| Cash at bank and in hand54/58 | - | €0.004m | - |
| Deferred charges and accrued income490/1 | €0.001m | €0.009m | ▲ 924% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €1.1m | ▲ 20.3% |
| Equity10/15 | -€0.02m | -€0.02m | ▼ 26.1% |
| Contributions10/11 | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.04m | ▼ 11.8% |
| Amounts payable17/49 | €1.0m | €1.2m | ▲ 20.4% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | ▼ 4.4% |
| Financial debts170/4 | €0.8m | €0.8m | ▼ 4.4% |
| Amounts payable within one year42/48 | €0.2m | €0.4m | ▲ 143% |
| Financial debts43 | €158 | - | - |
| Credit institutions430/8 | €158 | - | - |
| Trade debts44 | €0.002m | €0.03m | ▲ 19× |
| Suppliers440/4 | €0.002m | €0.03m | ▲ 19× |
| Other amounts payable47/48 | €0.2m | €0.4m | ▲ 125% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€36,444 | -€4,290 | ▲ 88.2% |
| + Depreciation and write-downs630 | €857 | - | - |
| Operating cash flow (approximation) | -€35,587 | -€4,290 | ▲ 87.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as P9 has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
96.6%
was still going
2.1%
stopped otherwise
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P9 itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,251 companies, not a prediction for P9. 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.
Board & ownership
Directors
Directors
2 directors, no change since 2024
de VILLEGAS de CLERCAMP Adrien
Current
Director (not named in the articles) · appointed in the act of 20-03-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 26-08-2026
LOSSEAU Benjamin
Current
Director (not named in the articles) · appointed in the act of 20-03-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 26-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 20-03-2024Owners and capital
Shareholders
At incorporation
act of 20-03-2024 ↗
- ACCELERATIO (BE 0793.819.591) 50 shares (50%) · €10,000
- WUIDEV (BE 0770.891.068) 50 shares (50%) · €10,000
Capital transactions
Capital over time
- 20-03-2024 Incorporation · €20,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| de VILLEGAS de CLERCAMP Adrien |
|
| LOSSEAU Benjamin |
|
Network & group
P9 shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of P9. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-08
micro format · 26 days late
2025
09-12
micro format · 131 days late
2024
20-03
Gazette deed
IncorporationStarting capital €20,000 · Appointments: LOSSEAU Benjamin (director) and de VILLEGAS de CLERCAMP Adrien (director) · Permanent representative: LOSSEAU Benjamin · Founder12 points ▸
Gazette deed
Incorporation
Starting capital €20,000 · Appointments: LOSSEAU Benjamin (director) and de VILLEGAS de CLERCAMP Adrien (director) · Permanent representative: LOSSEAU Benjamin · Founder12 points ▸
- Incorporation, “P9” (deed in French)
- Founder, ACCELERATIO
- Founder, WUIDEV
- Founding capital, €20,000
- Capital contribution, €10,000
- Other provision, “conformement loi, effet decisions finales” (deed in French)
- Registered office clause, “6120 Ham-sur-Heure-Nalinnes,Rue des Boutis(NAL) 53” (deed in French)
- Board rule, 2
- Director appointment, LOSSEAU Benjamin (director (not named in the articles))
- Director appointment, de VILLEGAS de CLERCAMP Adrien (director (not named in the articles))
- Permanent representative, LOSSEAU Benjamin (representant permanent)
- Pre-incorporation commitments, “takeover, engagements,obligations,activitesaunometpourcomptesocieteenformation” (deed in French)
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
P9 in French
Enterprise number
1007.239.882
Legal form
Private limited company
Status
Active, normale toestand
Founded
18-03-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-03-2024 (in French)Name clauseThe company operates under this name according to its articles.
P9
deed of 20-03-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, établir ou supprimer sièges administratifs,d’exploitation,agences,ateliers,dépôts et succursales,tant en Belgique qu'à…”
deed of 20-03-2024 (in French)Registered office and establishments
Registered office
Rue des Boutis(NAL) 53, 6120 Ham-sur-Heure-Nalinnes, Belgium
Establishment unit
P9, Rue des Boutis(NAL) 53, 6120 Ham-sur-Heure-Nalinnes since 18-03-2024 · unit number 2.361.461.23868110 Buying and selling of own real estate
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 20-03-2024 (in French)
“Le développement immobilier, conseil, gestion de projet; Toutes opérations, en gros ou en détail, d’achat, de vente, de promotion, de…”
27 activities
- Le développement immobilier, conseil, gestion de projet
- Toutes opérations, en gros ou en détail, d’achat, de vente, de promotion, de location, de leasing, d’échange, d’exploitation, de mise en valeur, de lotissement de tous immeubles ou partie indivise d’immeubles généralement quelconques, et des droits réels y afférents, ou de biens meubles, la gestion de son propre patrimoine et l’administration de tous biens immobiliers ou mobiliers, de toutes entreprises de travaux publics ou privés, l’acquisition de toutes valeurs financières ou boursières, la prise de participation dans toutes sociétés belges ou étrangères et toutes opérations financières.
- Faire et exécuter, pour son compte ou pour le compte de tiers, en Belgique ou dans les pays étrangers toutes prestations de services et tous mandats notamment sous forme d’études, d’organisation, d’expertises, de conseils, d’actes juridiques, de marketing, de management avec ou sans la mise à disposition de personnel, locaux et matériel dans la gestion technique et industrielle, dans la gestion commerciale et de personnel, mobilière ou immobilière de son propre patrimoine et dans les matières informatiques, administratives, financières, économiques, commerciales, juridiques et sociales.
- Dans les domaines précités ou non, les prestations de services, les missions de conseil, les services de communication, de marketing et d’incentive à des entreprises commerciales ou non commerciales, associations, fédérations ou organisations, dans le but de favoriser leur image de marque, leurs démarches commerciales, ou les relations au sein du personnel ou avec tout tiers.
- L’assistance, le support et l’organisation de tout événement, manifestation, foire, salon, incentive à caractère publicitaire, commercial, culturel, artistique ou sportif pour toute entreprise.
- Les prestations de services, les missions de conseil, les services d'intermédiaire commercial, de relations publiques, de prospections, de recherches et de mise en relation de clients, fournisseurs, prestataires ou investisseurs.
- L’organisation de tout genre de loisirs, évènements, soirées, divertissements, réunions, colloques et toutes autres activités à caractère événementiel et/ou promotionnel, ainsi que toutes manifestations et réceptions de caractère privé, commercial ou professionnel pour son compte ou pour compte de tiers, et notamment en qualité de courtier ou de conseiller en matière d'organisations d'évènements et de rencontres ; l’élaboration, la production, la promotion d’évènements par tous modes et moyens de communication ; la mise à disposition (location) de tous matériels et articles utiles et nécessaires pour l’organisation d’évènements.
- Le service de réservation d’artiste au sens large, l’activité d’agent, de représentant d’artistes, de sportifs ou autres personnalités publiques.
- La publicité dans son sens le plus large, sous toutes ses formes et par tout moyen.
- La communication, le marketing, l’infographie, le graphisme, la mise en page, le dessin, la création d’identités visuelles, la création et le développement de sites internet, d’une manière générale tout ce qui se rapporte au graphisme et à la communication.
- La création, la réalisation, la production, la diffusion, la commercialisation, la location, de solutions digitales y compris site web, applications, digital marketing, gestion de bases de données, mise à disposition de consultants, stratégie marketing & digitale.
- L’innovation informatique et les nouvelles technologies, le coaching de communication interne, la consultance du service management et gestion de projets/programme informatique.
- Trading en compte propre et autres activités financières.
- Toutes opérations, de quelque nature qu’elles soient, juridiques, économiques et financières, se rattachant à l’objet sus-indiqué ou à tous autres objets similaires ou connexes, de nature à favoriser, directement ou indirectement, le but poursuivi par la société, son extension ou son développement, tant en Belgique qu’à l’étranger.
- La consultance et le conseil, de la conception à la mise en œuvre, au bénéfice de personnes de droit public comme de personnes de droit privé, en matière de gestion financière, ressources humaines, audit et administration générale.
- Achat et vente d'objets et mobilier de décoration anciens et modernes - rénovation - et toutes activités se rapportant à l'objet.
- Conseil en architecture d'intérieur, en agencement et design d'espace, en décoration intérieur.
- Design de mobilier et d'agencements sur mesure.
- Suivi de la mise en place des préconisations esthétiques.
- Achat-revente de mobilier et d'accessoires de décoration.
- Formation et rédaction de contenu éditorial dans le domaine de la décoration.
- Le brevetage et le dépôt d’inventions artistiques, de procédés, de méthodes et de façons d’opérer.
- L’acquisition et la négociation de brevets, marques et licences.
- Se manifester en tant qu’éditeur de ses compositions et productions et en cette capacité se faire attribuer des droits d’auteur, de producteur ou d’exécuteur ou faire valoir des royalties.
- La gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à cet objet et qui sont de nature à favoriser le rapport des biens immeubles, tels que l’entretien, le développement, l’embellissement et la location des biens.
- Se porter caution des engagements contractés par des tiers qui auraient la jouissance des biens immeubles concernés.
- Faire toutes opérations commerciales, industrielles ou financières, mobilières ou immobilière se rattachant directement ou indirectement à l’objet ci-dessus ou susceptibles d’en faciliter la réalisation.
Invoicing and payment
VAT number
BE 1007.239.882
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 10:00
deed of 20-03-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
2,946 m²
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56058B0450/00F000 | Wallonia | 2,946 m² | - | - |