Skip to content

Partner

Active
Private limited companyfounded 198541 yrs activeVliegplein 27, 9991 Maldegem, BelgiumKBO/BCE: BE 0427.395.262
Summary

Partner has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.74M and a net result of €648k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability54▼-7
Solvency56▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.93 in 2024; short-term debt: 34.6% and cash: 1.1% of total assets), and 68.6% of the assets are financed with debt.
Credit check for your own amount and term

Open the credit simulator : see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 41 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
31.4%
Return on assets
4.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
27 d late
2023
8 d late
2022
on the day
2021
6 d early
2020
5 d early
2019
38 d early
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 May 1985, Partner was incorporated.1 Total assets went from EUR 11 million in 2019 to EUR 15 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Financials · fiscal year 2025, abbreviated schema

Equity
€4.74M▲ 15.8%
2024 · €4.09M
Total assets
€15.09M▼ 12.5%
2024 · €17.24M
Net result
€648k▲ 1.0%
2024 · €642k
Working capital
€566k
2024 · €-549k
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€983k▲ 136%€358k▼ 63.6%€363k▲ 1.5%€1.20M▲ 231%€1.32M▲ 9.9%
Net result€574k▲ 209%€159k▼ 72.3%€101k▼ 36.7%€642k▲ 537%€648k▲ 1.0%
Equity€3.02M▲ 23.5%€3.35M▲ 10.9%€3.45M▲ 3.0%€4.09M▲ 18.6%€4.74M▲ 15.8%
Total assets€9.88M▼ 0.1%€10.15M▲ 2.7%€12.03M▲ 18.6%€17.24M▲ 43.3%€15.09M▼ 12.5%
Debt€6.70M▼ 8.6%€6.61M▼ 1.2%€8.40M▲ 27.0%€13.02M▲ 55.0%€10.07M▼ 22.6%
Working capital€2.51M▲ 29.8%€3.44M▲ 37.1%€3.13M▼ 9.0%€-549k€566k
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€500k€1.00M€1.50MOperating result 2021: €983k€983kNet result 2021: €574k€574kOperating result 2022: €358k€358kNet result 2022: €159k€159kOperating result 2023: €363k€363kNet result 2023: €101k€101kOperating result 2024: €1.20M€1.20MNet result 2024: €642k€642kOperating result 2025: €1.32M€1.32MNet result 2025: €648k€648k20212022202320242025€0€500k€1M€1.5MOperating result 2023: €363k€363kNet result 2023: €101k€101kOperating result 2024: €1.20M€1.2MNet result 2024: €642k€642kOperating result 2025: €1.32M€1.3MNet result 2025: €648k€648k202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.09M
Fixed assets €9.30M ▼ 6.7%
Current assets €5.79M ▼ 20.3%
Equity and liabilities €15.09M
Equity €4.74M ▲ 15.8%
Provisions €286k ▲ 109%
Debt €10.07M ▼ 22.6%
Debt's share of the balance-sheet total falls from 75.5% to 66.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.63M▲
2024 · €1.50M
Cash flow
€960k▲
2024 · €941k
Current ratio
1.11▲
2024 · 0.93
Quick ratio
0.11▼
2024 · 0.13
Debt to equity
2.13▼
2024 · 3.18
ROE
13.7%▼
2024 · 15.7%
ROA
4.3%▲
2024 · 3.7%
Interest coverage
3.58▼
2024 · 4.55
Debt ≤ 1 year
€5.23M▼
2024 · €7.82M
Debt > 1 year
€4.83M▼
2024 · €5.18M
Income taxes
€87k▼
2024 · €181k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 67 lines
Balance sheet Code20242025
Assets
Total assets20/58€17.24M€15.09M▼
Fixed assets21/28€9.97M€9.30M▼
Tangible fixed assets22/27€5.97M€5.30M▼
Land and buildings22€5.45M€4.88M▼
Furniture and vehicles24€333k€232k▼
Other tangible fixed assets26€184k€184k=
Financial fixed assets28€4.00M€4.00M=
Current assets29/58€7.27M€5.79M▼
Amounts receivable after more than one year29€14k€11k▼
Trade receivables290€14k€11k▼
Stocks and contracts in progress3€6.29M€5.24M▼
Stocks30/36€6.29M€5.24M▼
Amounts receivable within one year40/41€777k€338k▼
Trade receivables40€3k€37k▲
Other amounts receivable41€774k€301k▼
Current investments50/53€14k€14k=
Cash at bank and in hand54/58€159k€171k▲
Deferred charges and accrued income490/1€20k€17k▼
Equity and liabilities
Total equity and liabilities10/49€17.24M€15.09M▼
Equity10/15€4.09M€4.74M▲
Contributions10/11€786k€786k=
Reserves13€2.15M€2.60M▲
Tax-exempt reserves132€353k€803k▲
Distributable reserves133€1.80M€1.80M=
Profit (loss) carried forward14€1.15M€1.35M▲
Provisions and deferred taxes16€137k€286k▲
Provisions for liabilities and charges160/5€7k€6k▼
Taxes161€7k€6k▼
Environmental obligations163€0-
Deferred taxes168€130k€280k▲
Amounts payable17/49€13.02M€10.07M▼
Amounts payable after more than one year17€5.18M€4.83M▼
Financial debts170/4€5.18M€4.83M▼
Other amounts payable178/9€5k€5k=
Amounts payable within one year42/48€7.82M€5.23M▼
Current portion of amounts payable after more than one year42€350k€336k▼
Financial debts43€2.74M€1.54M▼
Credit institutions430/8€2.74M€1.54M▼
Trade debts44€139k€238k▲
Suppliers440/4€139k€238k▲
Taxes, remuneration and social security45€3k€41k▲
Taxes450/3€3k€41k▲
Other amounts payable47/48€4.59M€3.07M▼
Accrued charges and deferred income492/3€15k€11k▼
Income statement Code20242025
Non-recurring operating income76A-€641k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€299k€312k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-104k€0▲
Other operating charges640/8€153k€115k▼
Gross operating margin9900€1.55M€1.75M▲
Operating profit (loss)9901€1.20M€1.32M▲
Financial income75/76B€9k€17k▲
Recurring financial income75€8k€17k▲
Non-recurring financial income76B€1k€0▼
Financial charges65/66B€332k€456k▲
Recurring financial charges65€331k€456k▲
Non-recurring financial charges66B€1k€0▼
Profit (loss) for the period before taxes9903€881k€884k▲
Transfer from deferred taxes780€5k€6k▲
Transfer to deferred taxes680€63k€155k▲
Income taxes67/77€181k€87k▼
Profit (loss) for the period9904€642k€648k▲
Transfer from tax-exempt reserves789€12k€16k▲
Transfer to tax-exempt reserves689€189k€466k▲
Profit (loss) for the period to be appropriated9905€464k€198k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.15M€1.35M▲
Profit (loss) brought forward from the previous period14P€690k€1.15M▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€641k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€152k€273k€299k€312k▲ 4.2%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€-104k€0▲ 100%
Other operating charges640/8-€97k€141k€153k€115k▼ 25.1%
Non-recurring operating charges66A-€3k----
Gross operating margin9900€1.23M€610k€777k€1.55M€1.75M▲ 12.7%
Operating profit (loss)9901€983k€358k€363k€1.20M€1.32M▲ 9.9%
Financial income75/76B-€24k€39k€9k€17k▲ 83.9%
Recurring financial income75€17k€24k€39k€8k€17k▲ 108%
Non-recurring financial income76B---€1k€0▼ 100%
Financial charges65/66B-€160k€258k€332k€456k▲ 37.4%
Recurring financial charges65€160k€160k€258k€331k€456k▲ 38.0%
Non-recurring financial charges66B---€1k€0▼ 100%
Profit (loss) for the period before taxes9903€840k€222k€145k€881k€884k▲ 0.3%
Transfer from deferred taxes780-€1k€2k€5k€6k▲ 27.2%
Transfer to deferred taxes680---€63k€155k▲ 146%
Income taxes67/77€218k€64k€46k€181k€87k▼ 52.2%
Profit (loss) for the period9904€574k€159k€101k€642k€648k▲ 1.0%
Transfer from tax-exempt reserves789-€2k€4k€12k€16k▲ 35.3%
Transfer to tax-exempt reserves689---€189k€466k▲ 146%
Profit (loss) for the period to be appropriated9905€430k€161k€105k€464k€198k▼ 57.4%
Line20212022202320242025Change
Assets
Total assets20/58€9.88M€10.15M€12.03M€17.24M€15.09M▼ 12.5%
Fixed assets21/28€2.93M€2.78M€4.58M€9.97M€9.30M▼ 6.7%
Tangible fixed assets22/27€2.23M€2.77M€4.58M€5.97M€5.30M▼ 11.2%
Land and buildings22-€2.57M€3.96M€5.45M€4.88M▼ 10.4%
Furniture and vehicles24-€15k€433k€333k€232k▼ 30.2%
Other tangible fixed assets26-€184k€184k€184k€184k=
Financial fixed assets28€701k€1k€1k€4.00M€4.00M=
Current assets29/58€6.95M€7.37M€7.45M€7.27M€5.79M▼ 20.3%
Amounts receivable after more than one year29-€663k€17k€14k€11k▼ 20.7%
Trade receivables290-€20k€17k€14k€11k▼ 20.7%
Other amounts receivable291-€643k----
Stocks and contracts in progress3€5.70M€5.59M€6.52M€6.29M€5.24M▼ 16.7%
Stocks30/36-€5.59M€6.52M€6.29M€5.24M▼ 16.7%
Amounts receivable within one year40/41€546k€920k€695k€777k€338k▼ 56.5%
Trade receivables40-€74k€3k€3k€37k▲ 1,124%
Other amounts receivable41-€846k€692k€774k€301k▼ 61.1%
Current investments50/53-€126k€126k€14k€14k=
Cash at bank and in hand54/58€48k€56k€71k€159k€171k▲ 8.0%
Deferred charges and accrued income490/1-€16k€19k€20k€17k▼ 12.7%
Equity and liabilities
Total equity and liabilities10/49€9.88M€10.15M€12.03M€17.24M€15.09M▼ 12.5%
Equity10/15€3.02M€3.35M€3.45M€4.09M€4.74M▲ 15.8%
Contributions10/11-€786k€786k€786k€786k=
Reserves13€1.96M€1.98M€1.97M€2.15M€2.60M▲ 20.9%
Tax-exempt reserves132-€180k€175k€353k€803k▲ 128%
Distributable reserves133-€1.80M€1.80M€1.80M€1.80M=
Profit (loss) carried forward14€430k€584k€690k€1.15M€1.35M▲ 17.1%
Provisions and deferred taxes16€161k€185k€182k€137k€286k▲ 109%
Provisions for liabilities and charges160/5-€104k€111k€7k€6k▼ 10.1%
Taxes161--€7k€7k€6k▼ 10.1%
Environmental obligations163--€104k€0--
Other liabilities and charges164/5-€104k----
Deferred taxes168-€81k€71k€130k€280k▲ 115%
Amounts payable17/49€6.70M€6.61M€8.40M€13.02M€10.07M▼ 22.6%
Amounts payable after more than one year17€2.20M€2.58M€3.92M€5.18M€4.83M▼ 6.7%
Financial debts170/4-€2.58M€3.91M€5.18M€4.83M▼ 6.7%
Other amounts payable178/9-€4k€5k€5k€5k=
Amounts payable within one year42/48€4.44M€3.93M€4.32M€7.82M€5.23M▼ 33.2%
Current portion of amounts payable after more than one year42-€252k€325k€350k€336k▼ 3.8%
Financial debts43-€2.32M€2.67M€2.74M€1.54M▼ 43.8%
Credit institutions430/8-€2.32M€2.67M€2.74M€1.54M▼ 43.8%
Trade debts44€302k€70k€108k€139k€238k▲ 71.2%
Suppliers440/4-€70k€108k€139k€238k▲ 71.2%
Taxes, remuneration and social security45-€10k€59k€3k€41k▲ 1,181%
Taxes450/3-€10k€59k€3k€41k▲ 1,181%
Other amounts payable47/48-€1.28M€1.16M€4.59M€3.07M▼ 33.1%
Accrued charges and deferred income492/3-€97k€161k€15k€11k▼ 25.1%
Line20212022202320242025Change
Profit (loss) for the period9904€574k€159k€101k€642k€648k▲ 1.0%
+ Depreciation and write-downs630€131k€152k€273k€299k€312k▲ 4.2%
Operating cash flow (approximation)€706k€311k€373k€941k€960k▲ 2.0%
Investment in fixed assets (approximation)-€106€-2.08M€-5.69M€358k▲ 106%
Change in cash-€8k€15k€87k€13k▼ 85.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

More with these figures Sector benchmark What changed Value indication

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
28-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial Highest result since 2019net €648k ▲1%
Operating result €1.32M, net result €648k, both a record.
27-02
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
08-02
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
30-06
Financial Weakest financial yearnet €101k ▼36.7%
Net result drops to €101k, the lowest in the series; recovery starts the following year.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-01
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-01
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-12
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
07-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Maldegem · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
4.4 ha
Building footprint
4,500 m²
Volume, LiDAR
19,544 m³
Parcel 43001H0469/00L000, Flanders · tallest building 14.3 m, ±1 floor. Linked by address, not a title deed.
9 companies at this address See who is registered here
1 establishment unit
PARTNER NV
Vliegplein 27, 9991 MaldegemTelecommunications
since 19862.102.647.224
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
43001H0469/00L000 Flanders 4.4 ha 1 · 4,500 m² 14.3 m · 1 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.

Similar companies · same sector, comparable size

Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 1,701 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
Founded27-05-1985
Fiscal year end30-06
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects

Scores and ratios are computed by Checked and are not a credit decision.