Partner
ActiveSummary
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.
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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 dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, 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 filingsDeviation 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 monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
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
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
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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
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.
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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
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
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.
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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.