PAGE 49

The computed 12-month bankruptcy probability of PAGE 49 is 5.8% (elevated). The 2024 annual accounts show negative equity (-€31,059) and a net result of -€32,167. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 20% of 18,739 sector peers (NACE 56, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.