Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2020 to 2025 closed with a loss. 2024 was the heaviest.
Of this, €358,920 falls due within a year.
In July 2024, 6,909 companies had the same profile as POTENTIALS has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,909 companies, not a prediction for POTENTIALS. 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.
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.
POTENTIALS files the micro format. That format states no turnover. The gross margin fell from €67,582 in 2014 to -€8,842 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.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
181,406 | 194,920 | 241,585 | 80,128 | 79,424 | 161,227 | 251,264 | 253,554 | 233,367 | 191,137 | 216,715 | 266,850 | |
21/28 |
18,770 | 26,623 | 34,475 | 52,104 | 76,985 | 105,994 | 135,002 | 164,011 | 193,020 | 173,863 | 195,432 | 244,102 | |
22/27 |
18,770 | 26,623 | 34,475 | 52,104 | 76,985 | 105,994 | 135,002 | 164,011 | 193,020 | 173,863 | 195,432 | 244,102 | |
23 |
2,014 | 3,894 | 5,774 | 17,430 | 34,906 | 52,382 | 69,858 | 87,334 | 104,810 | 103,352 | 118,948 | 161,646 | |
24 |
0 | 0 | 0 | 0 | 1,432 | 6,992 | 12,552 | 18,112 | 23,672 | - | - | - | |
25 |
16,756 | 22,729 | 28,702 | 34,674 | 40,647 | - | - | - | - | - | - | - | |
29/58 |
162,636 | 168,297 | 207,110 | 28,024 | 2,439 | 55,234 | 116,262 | 89,543 | 40,348 | 17,274 | 21,283 | 22,748 | |
29 |
154,639 | 162,814 | - | - | - | - | - | - | - | - | - | - | |
291 |
154,639 | 162,814 | - | - | - | - | - | - | - | - | - | - | |
3 |
- | - | 199,499 | 27,500 | - | - | - | - | - | - | - | - | |
30/36 |
- | - | 199,499 | 27,500 | - | - | - | - | - | - | - | - | |
40/41 |
6,098 | 3,849 | 4,411 | - | 613 | 52,968 | 115,593 | 88,932 | 39,858 | 13,913 | 20,303 | 22,712 | |
40 |
6,098 | 3,849 | - | - | 613 | 1,821 | - | 15,660 | 3,500 | 2,562 | 17,943 | - | |
41 |
- | - | 4,411 | - | - | 51,147 | 115,593 | 73,272 | 36,358 | 11,351 | 2,360 | 22,712 | |
54/58 |
326 | 1,115 | 2,693 | 29 | 1,212 | 1,671 | 225 | 183 | 72 | 3,361 | 981 | 36 | |
490/1 |
1,572 | 518 | 507 | 495 | 614 | 596 | 444 | 428 | 418 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
181,406 | 194,920 | 241,585 | 80,128 | 79,424 | 161,227 | 251,264 | 253,554 | 233,367 | 191,137 | 216,715 | 266,850 | |
10/15 |
-219,725 | -192,348 | -100,396 | -99,427 | -54,587 | 18,974 | 80,516 | 69,397 | 32,918 | 10,385 | 26,784 | 19,278 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
74,316 | 74,316 | 74,316 | 74,316 | 74,316 | 74,316 | 74,316 | 63,197 | 26,718 | 20,584 | 20,584 | 13,078 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,245 | 1,245 | 845 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
72,456 | 72,456 | 72,456 | 72,456 | 72,456 | 72,456 | 72,456 | 61,337 | 24,858 | 19,339 | 19,339 | 12,233 | |
14 |
-300,242 | -272,864 | -180,913 | -179,944 | -135,104 | -61,543 | - | - | - | -16,399 | - | - | |
17/49 |
401,131 | 387,268 | 341,982 | 179,556 | 134,011 | 142,254 | 170,748 | 184,156 | 200,449 | 180,752 | 189,931 | 247,572 | |
17 |
42,211 | 54,569 | 68,874 | 82,630 | 96,088 | 110,976 | 129,296 | 147,076 | 164,382 | 157,022 | 168,032 | 178,681 | |
170/4 |
39,711 | 54,569 | 68,874 | 82,630 | 96,088 | 110,976 | 129,296 | 147,076 | 164,382 | 157,022 | 168,032 | 178,681 | |
178/9 |
2,500 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
358,920 | 328,640 | 262,590 | 87,271 | 30,330 | 24,333 | 35,450 | 32,071 | 19,933 | 11,011 | 17,389 | 22,648 | |
42 |
14,920 | 14,340 | 13,771 | 43,458 | 14,929 | 18,317 | 17,780 | 17,306 | 16,843 | 11,011 | 10,648 | 10,298 | |
43 |
- | 1,153 | 27 | 58 | 1,513 | - | - | - | - | - | - | - | |
430/8 |
- | 1,153 | 27 | 58 | 1,513 | - | - | - | - | - | - | - | |
44 |
6,642 | 4,435 | - | - | - | - | - | - | - | - | - | - | |
440/4 |
6,642 | 4,435 | - | - | - | - | - | - | - | - | - | - | |
45 |
42,141 | 32,974 | 12,634 | 21,094 | 13,639 | 5,765 | 17,419 | 14,515 | 2,840 | - | 6,741 | 8,600 | |
450/3 |
505 | 505 | 505 | 505 | 505 | 5,765 | 17,419 | 14,515 | 2,840 | - | 6,741 | 8,600 | |
454/9 |
41,636 | 32,469 | 12,129 | 20,589 | 13,134 | - | - | - | - | - | - | - | |
47/48 |
295,218 | 275,738 | 236,158 | 22,661 | 250 | 250 | 250 | 250 | 250 | - | - | 3,750 | |
492/3 |
- | 4,058 | 10,518 | 9,655 | 7,592 | 6,945 | 6,002 | 5,009 | 16,134 | 12,720 | 4,509 | 46,243 | |
| Income statement | |||||||||||||
76A |
- | - | - | - | - | - | 1,524 | - | - | - | - | - | |
9900 |
-8,842 | -70,883 | 35,579 | -11,122 | -35,104 | -30,464 | 46,208 | 83,120 | 59,729 | 13,741 | 36,731 | 67,582 | |
630 |
7,853 | 7,853 | 17,629 | 24,881 | 29,009 | 29,009 | 29,009 | 29,009 | 27,443 | 21,569 | 21,569 | 28,550 | |
640/8 |
2,901 | 10,098 | 1,389 | 4,722 | 5,057 | 5,157 | 3,023 | 5,064 | 3,151 | 3,241 | 4,277 | 7,379 | |
9901 |
-19,596 | -88,833 | 16,561 | -40,725 | -69,170 | -64,629 | 14,176 | 49,048 | 29,135 | -11,069 | 10,885 | 31,653 | |
75/76B |
3,752 | 2,349 | - | - | - | 7,908 | 7,942 | 4,741 | 2,006 | 607 | 985 | 960 | |
75 |
3,752 | 2,349 | - | - | - | 7,908 | 7,942 | 4,741 | 2,006 | 607 | 985 | 960 | |
65/66B |
11,534 | 5,467 | 17,530 | 4,115 | 4,391 | 4,806 | 5,250 | 5,634 | 5,768 | 5,942 | 6,222 | 7,185 | |
65 |
11,534 | 5,467 | 17,530 | 4,115 | 4,391 | 4,806 | 5,250 | 5,634 | 5,768 | 5,942 | 6,222 | 7,185 | |
9903 |
-27,378 | -91,951 | -969 | -44,840 | -73,561 | -61,527 | 16,868 | 48,154 | 25,373 | -16,403 | 5,648 | 25,428 | |
67/77 |
- | - | - | - | - | 15 | 5,749 | 11,675 | 2,840 | -4 | -1,859 | 8,601 | |
9904 |
-27,378 | -91,951 | -969 | -44,840 | -73,561 | -61,543 | 11,119 | 36,480 | 22,533 | -16,399 | 7,507 | 16,828 | |
9905 |
-27,378 | -91,951 | -969 | -44,840 | -73,561 | -61,543 | 11,119 | 36,480 | 22,533 | -16,399 | 7,507 | 16,828 | |
| Appropriation of the result | |||||||||||||
9906 |
-300,242 | -272,864 | -180,913 | -179,944 | -135,104 | -61,543 | 11,119 | 36,480 | 6,133 | -16,399 | 7,507 | 16,828 | |
14P |
-272,864 | -180,913 | -179,944 | -135,104 | -61,543 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 11,119 | 36,480 | 6,133 | - | 7,507 | 13,078 | |
6920 |
- | - | - | - | - | - | - | - | 615 | - | 400 | 845 | |
6921 |
- | - | - | - | - | - | 11,119 | 36,480 | 5,518 | - | 7,107 | 12,233 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | 3,750 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 3,750 | |
| Document | |||||||||||||
The notes to these accounts have 5 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 21-10-2026.
2025 annual accounts filed 82 days after the deadline. Filed on 21 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00565698.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-10-2026 | 2026-00565698 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00529794 | |
| 31-12-2023 | micro format | 05-11-2024 | 2024-00530094 | |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00473136 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20449952 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-71200268 | |
| 31-12-2019 | micro format | 18-11-2020 | 2020-70900441 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63100353 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-68400178 | |
| 31-12-2016 | micro format | 27-09-2017 | 2017-65300527 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59000048 | |
| 31-12-2014 | abbreviated format | 30-09-2015 | 2015-64100519 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -11,743 | -80,980 | 34,190 | -15,844 | -40,161 | -35,621 | 43,185 | 78,057 | 56,577 | 10,500 | 32,454 | 60,203 | ||
| -19,525 | -84,099 | 16,660 | -19,959 | -44,552 | -32,534 | 40,128 | 65,488 | 49,976 | 5,169 | 29,075 | 45,378 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 46,599 | 0 | -27,102 | 272,652 | ||
| -789 | -1,578 | 2,664 | -1,183 | -459 | 1,445 | 42 | 111 | -3,289 | 2,381 | 945 | - | ||
| -196,284 | -160,343 | -55,480 | -59,246 | -27,892 | 30,901 | 80,813 | 57,472 | 20,415 | 6,264 | 3,894 | 100 | ||
| -121.1% | -98.7% | -41.6% | -124.1% | -68.7% | 11.8% | 32.0% | 27.4% | 14.1% | 5.4% | 12.4% | 7.2% | ||
| 0.45 | 0.51 | 0.79 | 0.32 | 0.08 | 2.27 | 3.28 | 2.79 | 2.02 | 1.57 | 1.22 | 1.00 | ||
| 0.45 | 0.51 | 0.03 | 0.01 | 0.08 | 2.27 | 3.28 | 2.79 | 2.02 | 1.57 | 1.22 | 1.00 | ||
| - | - | - | - | - | 7.50 | 2.12 | 2.65 | 6.09 | 17.41 | 7.09 | 12.84 | ||
| - | - | - | - | - | -324.4% | 13.8% | 52.6% | 68.5% | -157.9% | 28.0% | 87.3% | ||
| -15.1% | -47.2% | -0.4% | -56.0% | -92.6% | -38.2% | 4.4% | 14.4% | 9.7% | -8.6% | 3.5% | 6.3% | ||
| -1.02 | -14.81 | 1.95 | -3.85 | -9.15 | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
The operating result for 2025 is a loss of €19,596, smaller than the loss of €88,833 in 2024.
Equity is negative. Debt (€401,131) exceeds the balance-sheet total (€181,406).
POTENTIALS has no parent and no holdings in its annual accounts. is the only director. POTENTIALS shares no director with another company.
| Bornstein, Abraham (sole trader)
establishment since 02-01-2007 |
founded in 2007 0886.167.056 |
| Vereniging van Mede-eigenaars gebouw Antwerpen Van Noortstraat 16
registered office since 26-08-2003 |
founded in 2003 0864.064.221 |
| Schütt, Stijn (sole trader)
establishment since 01-10-1999 |
founded in 1999 0812.445.472 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Van Noortstraat 16 registered office 2018 Antwerp 6619904 Other activities auxiliary to financial services, excluding insurance and pension funding | 02-10-2013 | 2.223.083.909 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11806F1463/00A012 | 207 m² | 1 · 175 m² | 20.9 m · 6 |
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