PAUL KLUNDER
ActivePAUL KLUNDER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €183k and a net result of €-63k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 2002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-71
Solvency42▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.35 in 2024; short-term debt: 72.9% and cash: 0.1% of total assets), and 82.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2002 sector peers (2025).
NBB · sector comparisonPosition among 2002 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
60 d late
2023
28 d late
2022
1 d early
2021
30 d late
2020
31 d early
2019
38 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€183k▼ 25.7%
2024 · €247k
2018: €42k
2019: €38k
2020: €46k
2021: €68k
2022: €119k
2023: €129k
2024: €247k
2018 → 2025
Total assets
€1.05M▼ 5.6%
2024 · €1.11M
2018: €1.21M
2019: €1.10M
2020: €1.08M
2021: €1.07M
2022: €1.17M
2023: €1.10M
2024: €1.11M
2018 → 2025
Net result
€-63k
2024 · €118k
2018: €62k
2019: €-4k
2020: €8k
2021: €22k
2022: €62k
2023: €10k
2024: €118k
2018 → 2025
Working capital
€-554k▼ 21.3%
2024 · €-457k
2018: €-517k
2019: €-537k
2020: €-528k
2021: €-536k
2022: €-504k
2023: €-534k
2024: €-457k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€119k▲ 76.4%€129k▲ 8.0%€247k▲ 91.4%€183k▼ 25.7%
Operating result€54k-€104k▲ 91.5%€34k▼ 67.6%€178k▲ 428%€-50k
Net result€22k-€62k▲ 183%€10k▼ 84.5%€118k▲ 1,131%€-63k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €50k after €178k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€838k▼ 3.2%
Current assets
€209k▼ 13.9%
Equity and liabilities €1.05M
Equity
€183k▼ 25.7%
Debt
€864k▲ 0.2%
The debt ratio rises from 77.8% to 82.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-12k▼
2024 · €212k
Cash flow
€-25k▼
2024 · €153k
Solvency
17.5%▼
2024 · 22.2%
Current ratio
0.27▼
2024 · 0.35
Quick ratio
0.16▼
2024 · 0.20
Debt / equity
4.72▲
2024 · 3.50
ROE
-34.6%▼
2024 · 47.8%
ROA
-6.1%▼
2024 · 10.6%
Interest coverage
-0.89▼
2024 · 14.94
Debt
€864k▲
2024 · €863k
Debt ≤ 1 year
€764k▲
2024 · €700k
Debt > 1 year
€100k▼
2024 · €140k
Income taxes
€165▼
2024 · €46k
Staff costs
€172k▲
2024 · €102k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.11M€1.05M▼
Fixed assets21/28€866k€838k▼
Intangible fixed assets21-€2k
Tangible fixed assets22/27€866k€835k▼
Land and buildings22€849k€817k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€5k€2k▼
Other tangible fixed assets26€7k€14k▲
Financial fixed assets28€350€350=
Current assets29/58€243k€209k▼
Stocks and contracts in progress3€105k€89k▼
Stocks30/36€105k€89k▼
Amounts receivable within one year40/41€103k€120k▲
Trade receivables40€52k€51k▼
Other amounts receivable41€51k€68k▲
Cash at bank and in hand54/58€31k€1k▼
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.05M▼
Equity10/15€247k€183k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€226k€163k▼
Amounts payable17/49€863k€864k▲
Amounts payable after more than one year17€140k€100k▼
Financial debts170/4€140k€100k▼
Amounts payable within one year42/48€700k€764k▲
Current portion of amounts payable after more than one year42€62k€40k▼
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€32k€78k▲
Suppliers440/4€32k€78k▲
Taxes, remuneration and social security45€87k€107k▲
Taxes450/3€71k€78k▲
Remuneration and social security454/9€15k€29k▲
Other amounts payable47/48€520k€534k▲
Accrued charges and deferred income492/3€23k€534▼
Income statement
Code20242025
Remuneration, social security and pensions62€102k€172k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€38k▲
Other operating charges640/8€10k€10k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€326k€170k▼
Operating profit (loss)9901€178k€-50k▼
Financial income75/76B€356€249▼
Recurring financial income75€356€249▼
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€164k€-63k▼
Income taxes67/77€46k€165▼
Profit (loss) for the period9904€118k€-63k▼
Profit (loss) for the period to be appropriated9905€118k€-63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€163k▼
Profit (loss) brought forward from the previous period14P€108k€226k▲
Social balance
Average headcount (FTE)90871.11.1=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-63k ▼154%
Net result drops to €-63k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €118k ▲1131%
Operating result €178k, net result €118k, both a record.
31-12
Financial
Equity above €200kEq €247k ▲91.4%
5 profitable years in a row build equity to €247k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €119k ▲76.4%
3 profitable years in a row build equity to €119k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 360 days late
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 137 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schoten · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Listdreef 22900 SchotenGround area
2,901 m²
Building footprint
95 m²
Volume, LiDAR
561 m³
Parcel 11443B0068/00V002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Listdreef 2, 2900 Schoten
since 20032.229.303.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443B0068/00V002 | Flanders | 2,901 m² | 1 · 95 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
ATELIER D’ARCHITECTURE MR
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STUDIO#RE
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Atelier d'architecte S. MARQUET
BE 0822.204.761
Crisnée · Eq €183k
PLAN 6
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,320. 5,225 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-08-2003
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
71112Activities of interior architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:paul@paulklunder.com
Phone:03/294.86.30