Equity
Equity fell in 2025 from €88,048 to €17,119.
Equity fell in 2025 from €88,048 to €17,119.
The micro format states no turnover.
Short-term debts fell from €16,900 to €13,626.
The 2024 accounts came latest: 26 days after the end of the period.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 70, micro). It does better than 42% of them on solvency, 17% on liquidity, 51% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 39,278 companies had the same profile as plus1 has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of plus1 itself is higher: 2.5% within 12 months. It rests on far more data about plus1 than the profile alone.
The method was tested on the 497,447 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 39,278 companies, not a prediction for plus1. 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.
Liquidity is ample, with a current ratio of 2.71 (6.06 in 2024), above the usual 1.5. Short-term debt is 35.9% and cash 2.7% of total assets. However, 54.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 3 accounts on average 14 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| plus1 Sint-Gillis (bij-Brussel) | €37,962 | €65,142 | 45.1% | - |
| KSA Corporate Etterbeek | €35,547 | €61,845 | 46.1% | - |
| Primavera Inc Brussels | €32,470 | €75,209 | 80.9% | - |
| MCS COM Aywaille | €38,729 | €56,947 | 37.9% | - |
| Vixus Omnia Zaventem | €40,162 | €55,723 | 49.3% | - |
| VST Digital Waterloo | €41,467 | €77,547 | 51.3% | - |
| Krijn Consulting Balen | €42,444 | €58,446 | 87.5% | - |
These companies have the same main activity as plus1: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €32,500 and €42,400, founded in 2023.
plus1 files the micro format. That format states no turnover. The gross margin fell from €117,834 in 2023 to €65,142 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €130,000. Estimated: probably between €100,000 and €170,000.
Higher than 41% of 39,368 companies in 2025.
Higher than 59% of 38,051 companies in 2025.
Higher than 45% of 38,523 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
37,962 | 104,948 | 112,971 | |
21/28 |
1,045 | 2,463 | 3,881 | |
22/27 |
1,045 | 2,463 | 3,881 | |
24 |
1,045 | 2,463 | 3,881 | |
29/58 |
36,917 | 102,485 | 109,090 | |
40/41 |
35,525 | 16,529 | 25,263 | |
40 |
35,525 | 16,529 | 25,263 | |
54/58 |
1,014 | 85,709 | 83,826 | |
490/1 |
378 | 247 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
37,962 | 104,948 | 112,971 | |
10/15 |
17,119 | 88,048 | 78,373 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
14,119 | 85,048 | 75,373 | |
133 |
14,119 | 85,048 | 75,373 | |
14 |
- | - | 0 | |
17/49 |
20,843 | 16,900 | 34,598 | |
42/48 |
13,626 | 16,900 | 34,598 | |
44 |
4,990 | 2,453 | 1,369 | |
440/4 |
2,615 | 2,453 | 1,369 | |
441 |
2,375 | - | - | |
45 |
7,707 | 13,518 | 32,429 | |
450/3 |
7,707 | 6,537 | 30,710 | |
454/9 |
- | 6,981 | 1,720 | |
47/48 |
929 | 929 | 800 | |
492/3 |
7,217 | - | - | |
| Income statement | ||||
9900 |
65,142 | 67,660 | 117,834 | |
62 |
56,786 | 51,692 | 13,168 | |
630 |
1,418 | 1,418 | 373 | |
9901 |
6,938 | 14,550 | 104,293 | |
75/76B |
- | 0 | 0 | |
75 |
- | 0 | 0 | |
65/66B |
43 | 306 | 32 | |
65 |
43 | 306 | 32 | |
9903 |
6,895 | 14,244 | 104,261 | |
67/77 |
2,451 | 4,569 | 28,888 | |
9904 |
4,444 | 9,675 | 75,373 | |
9905 |
4,444 | 9,675 | 75,373 | |
| Appropriation of the result | ||||
9906 |
4,444 | 9,675 | 75,373 | |
791/2 |
75,373 | - | - | |
691/2 |
4,444 | 9,675 | 75,373 | |
6921 |
4,444 | 9,675 | 75,373 | |
694/7 |
75,373 | - | - | |
695 |
75,373 | - | - | |
| Social balance sheet | ||||
9087 |
0.8 | 1 | 0.3 | |
Hours worked1013 |
1,451 | 1,884 | 479 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 17-08-2026.
2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00400844.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 8,355 | 15,968 | 104,666 | ||
| 5,862 | 11,093 | 75,746 | ||
| 0 | 0 | 4,254 | ||
| -84,695 | 1,883 | - | ||
| 23,291 | 85,584 | 74,492 | ||
| 45.1% | 83.9% | 69.4% | ||
| 2.71 | 6.06 | 3.15 | ||
| 1.22 | 0.19 | 0.44 | ||
| 26.0% | 11.0% | 96.2% | ||
| 11.7% | 9.2% | 66.7% | ||
| over 100 | 52.14 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 |
| full-time | - | 1 | 1 |
| in full-time equivalents | - | 1 | 1 |
| 0.8 | 1 | 0.3 | |
| On a permanent contract | - | 1 | 1 |
| Joined | 0 | - | 1 |
| Left | 1 | - | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €4,254 |
| €1,418 | €1,418 | €373 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 52% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 16.1% to 54.9%. Equity is lower and debt is higher.
plus1 has no parent and no holdings in its annual accounts. Alexandre SOURZAC is the only director. plus1 shares no director with another company.
| CLIN D'OEIL FILM
establishment since 07-11-2011 · founded in 2010 |
4.2 FTE (2025) 0822.686.494 |
| Squatelier
registered office since 27-12-2023 · founded in 2023 |
total assets €108,339 (2025) 1003.959.797 |
| EKTA
registered office since 07-06-2019 · founded in 2019 |
total assets €100,682 (2025) 0727.887.109 |
| VANDEN EECKHOUDT - CREYF ARCHITECTES
registered office since 25-05-2012 · founded in 2012 |
total assets €41,812 (2025) 0846.161.781 |
| ATAU
registered office since 08-05-2001 · founded in 2001 |
total assets €26,157 (2025) 0474.754.028 |
| KIWIK
registered office since 13-01-2023 · founded in 2023 |
total assets €12,736 (2025) 0797.127.588 |
| Blue Bird Docs
registered office since 23-07-2020 |
founded in 2020 0750.934.210 |
| Association des copropriétaires "Angleterre-Hollande" à Saint-Gilles, rue d'Angleterre 53-55 et rue de Hollande
registered office since 19-11-2015 |
founded in 2015 0643.733.075 |
| Blankollectif
registered office since 07-04-2011 |
founded in 2005 0872.117.793 |
| Longeot, Elodie (sole trader)
establishment since 01-01-2011 |
founded in 2011 0831.466.974 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Plus1 was incorporated on 17 July 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office moved to Brussels in 2024 and to Saint-Gilles in 2026.34 Alexandre SOURZAC is director of the company, appointed by deed of 19-07-2023.2 Total assets fell from €112,971 in 2023 to €37,962 in 2025 and headcount from 0.3 to 0.8 full-time equivalents.5
| Establishment | Since | Unit number |
|---|---|---|
| Engelandstraat 53 registered office 1060 Sint-Gillis (bij-Brussel) | ||
| Cervantesstraat 4 1190 Forest | 17-07-2023 | 2.347.808.883 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21383B0032/02T003 | 5,941 m² | 1 · 1,336 m² | 29.2 m · 8 |
| 21562A0379/00C010 | 1,238 m² | 1 · 282 m² | 24.6 m · 6 |
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