PROBITY
ActiveSummary
PROBITY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €293k and a net result of €37k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 83% of 15367 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+11
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days only on tighter terms
Liquidity ample (current ratio 10.45 against 11.55 in 2023; short-term debt: 7.7% and cash: 0.1% of total assets), and 14.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €293k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-12-2025, 141 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
141 d late
2023
150 d late
2022
153 d late
2021
152 d late
2020
97 d late
2019
133 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€293k▲ 14.3%
2023 · €256k
2018: €255k
2019: €244k▼ -4.4% vs 2018
2020: €235k▼ -3.9% vs 2019lowest in 7 years
2021: €240k▲ +2.4% vs 2020
2022: €251k▲ +4.6% vs 2021
2023: €256k▲ +1.8% vs 2022
2024: €293k▲ +14.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€344k▲ 8.9%
2023 · €316k
2018: €271k
2019: €292k▲ +7.7% vs 2018
2020: €257k▼ -12.0% vs 2019
2021: €251k▼ -2.3% vs 2020lowest in 7 years
2022: €253k▲ +1.0% vs 2021
2023: €316k▲ +24.6% vs 2022
2024: €344k▲ +8.9% vs 2023highest in 7 years
2018 → 2024
Net result
€37k▲ 716%
2023 · €4k
2018: €20k
2019: €13k▼ -37.4% vs 2018
2020: €20k▲ +63.3% vs 2019
2021: €6k▼ -72.0% vs 2020
2022: €11k▲ +91.8% vs 2021
2023: €4k▼ -59.1% vs 2022lowest in 7 years
2024: €37k▲ +716% vs 2023highest in 7 years
2018 → 2024
Working capital
€249k▲ 18.6%
2023 · €210k
2018: €225k
2019: €219k▼ -2.6% vs 2018
2020: €220k▲ +0.4% vs 2019
2021: €227k▲ +3.3% vs 2020
2022: €233k▲ +2.8% vs 2021
2023: €210k▼ -10.2% vs 2022lowest in 7 years
2024: €249k▲ +18.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€235k-€240k▲ 2.4%€251k▲ 4.6%€256k▲ 1.8%€293k▲ 14.3%
2020: €235klowest in 5 years
2021: €240k▲ +2.4% vs 2020
2022: €251k▲ +4.6% vs 2021
2023: €256k▲ +1.8% vs 2022
2024: €293k▲ +14.3% vs 2023highest in 5 years
Operating result€30k-€9k▼ 70.6%€15k▲ 73.8%€9k▼ 44.0%€51k▲ 493%
2020: €30k
2021: €9k▼ -70.6% vs 2020
2022: €15k▲ +73.8% vs 2021
2023: €9k▼ -44.0% vs 2022lowest in 5 years
2024: €51k▲ +493% vs 2023highest in 5 years
Net result€20k-€6k▼ 72.0%€11k▲ 91.8%€4k▼ 59.1%€37k▲ 716%
2020: €20k
2021: €6k▼ -72.0% vs 2020
2022: €11k▲ +91.8% vs 2021
2023: €4k▼ -59.1% vs 2022lowest in 5 years
2024: €37k▲ +716% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 493% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €344k
Fixed assets
€69k ▼ 19.9%
Current assets
€275k ▲ 19.8%
Equity and liabilities €344k
Equity
€293k ▲ 14.3%
Debt
€51k ▼ 14.3%
Debt's share of the balance-sheet total falls from 19.0% to 14.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73k▲
2023 · €20k
Cash flow
€58k▲
2023 · €16k
Current ratio
10.45▼
2023 · 11.55
Debt to equity
0.18▼
2023 · 0.23
ROE
12.5%▲
2023 · 1.8%
ROA
10.7%▲
2023 · 1.4%
Interest coverage
458.16▲
2023 · 26.06
Debt ≤ 1 year
€26k▲
2023 · €20k
Debt > 1 year
€25k▼
2023 · €40k
Income taxes
€14k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€316k€344k▲
Fixed assets21/28€86k€69k▼
Tangible fixed assets22/27€86k€69k▼
Land and buildings22€2k€2k▼
Furniture and vehicles24€72k€52k▼
Other tangible fixed assets26€12k€15k▲
Current assets29/58€230k€275k▲
Amounts receivable after more than one year29€90k€90k=
Other amounts receivable291€90k€90k=
Amounts receivable within one year40/41€125k€183k▲
Trade receivables40€10k€60k▲
Other amounts receivable41€116k€123k▲
Cash at bank and in hand54/58€11k€280▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€316k€344k▲
Equity10/15€256k€293k▲
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€235k€272k▲
Amounts payable17/49€60k€51k▼
Amounts payable after more than one year17€40k€25k▼
Financial debts170/4€40k€25k▼
Amounts payable within one year42/48€20k€26k▲
Current portion of amounts payable after more than one year42€15k€15k=
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45-€7k
Taxes450/3-€7k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€22k▲
Other operating charges640/8€21k€199▼
Gross operating margin9900€41k€73k▲
Operating profit (loss)9901€9k€51k▲
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€776€159▼
Recurring financial charges65€776€159▼
Profit (loss) for the period before taxes9903€8k€51k▲
Income taxes67/77€3k€14k▲
Profit (loss) for the period9904€4k€37k▲
Profit (loss) for the period to be appropriated9905€4k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€235k€272k▲
Profit (loss) brought forward from the previous period14P€231k€235k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €5k | €4k | €12k | €22k | ▲ 86.6% |
| Other operating charges640/8 | - | €862 | €1k | €21k | €199 | ▼ 99.1% |
| Gross operating margin9900 | €41k | €15k | €21k | €41k | €73k | ▲ 77.0% |
| Operating profit (loss)9901 | €30k | €9k | €15k | €9k | €51k | ▲ 493% |
| Financial income75/76B | - | - | - | €3 | - | - |
| Recurring financial income75 | - | - | - | €3 | - | - |
| Financial charges65/66B | - | €160 | €208 | €776 | €159 | ▼ 79.5% |
| Recurring financial charges65 | €316 | €160 | €208 | €776 | €159 | ▼ 79.5% |
| Profit (loss) for the period before taxes9903 | €30k | €9k | €15k | €8k | €51k | ▲ 549% |
| Income taxes67/77 | €9k | €3k | €4k | €3k | €14k | ▲ 326% |
| Profit (loss) for the period9904 | €20k | €6k | €11k | €4k | €37k | ▲ 716% |
| Profit (loss) for the period to be appropriated9905 | €20k | €6k | €11k | €4k | €37k | ▲ 716% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257k | €251k | €253k | €316k | €344k | ▲ 8.9% |
| Fixed assets21/28 | €15k | €13k | €18k | €86k | €69k | ▼ 19.9% |
| Tangible fixed assets22/27 | €15k | €13k | €18k | €86k | €69k | ▼ 19.9% |
| Land and buildings22 | - | €4k | €3k | €2k | €2k | ▼ 5.0% |
| Furniture and vehicles24 | - | - | - | €72k | €52k | ▼ 27.7% |
| Other tangible fixed assets26 | - | €9k | €15k | €12k | €15k | ▲ 23.9% |
| Current assets29/58 | €242k | €237k | €235k | €230k | €275k | ▲ 19.8% |
| Amounts receivable after more than one year29 | - | €90k | €90k | €90k | €90k | = |
| Other amounts receivable291 | - | €90k | €90k | €90k | €90k | = |
| Amounts receivable within one year40/41 | €148k | €146k | €142k | €125k | €183k | ▲ 45.5% |
| Trade receivables40 | - | €33k | €35k | €10k | €60k | ▲ 509% |
| Other amounts receivable41 | - | €113k | €107k | €116k | €123k | ▲ 6.0% |
| Cash at bank and in hand54/58 | €2k | €360 | €2k | €11k | €280 | ▼ 97.4% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €3k | €2k | ▼ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257k | €251k | €253k | €316k | €344k | ▲ 8.9% |
| Equity10/15 | €235k | €240k | €251k | €256k | €293k | ▲ 14.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €214k | €220k | €231k | €235k | €272k | ▲ 15.6% |
| Amounts payable17/49 | €22k | €10k | €2k | €60k | €51k | ▼ 14.3% |
| Amounts payable after more than one year17 | - | - | - | €40k | €25k | ▼ 37.5% |
| Financial debts170/4 | - | - | - | €40k | €25k | ▼ 37.5% |
| Amounts payable within one year42/48 | €22k | €10k | €2k | €20k | €26k | ▲ 32.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15k | €15k | = |
| Trade debts44 | €3k | €314 | €1k | €5k | €5k | ▼ 4.3% |
| Suppliers440/4 | - | €314 | €1k | €5k | €5k | ▼ 4.3% |
| Taxes, remuneration and social security45 | - | €10k | €790 | - | €7k | - |
| Taxes450/3 | - | €10k | €790 | - | €7k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €6k | €11k | €4k | €37k | ▲ 716% |
| + Depreciation and write-downs630 | €10k | €5k | €4k | €12k | €22k | ▲ 86.6% |
| Operating cash flow (approximation) | €31k | €11k | €15k | €16k | €58k | ▲ 263% |
| Investment in fixed assets (approximation) | - | €-3k | €-9k | €-80k | €-4k | ▲ 94.5% |
| Change in cash | - | €-2k | €1k | €9k | €-11k | ▼ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 141 days late
2024
31-12
Financial
Highest result since 2018net €37k ▲716%
Operating result €51k, net result €37k, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 150 days late
2023
31-12
Financial
Weakest financial yearnet €4k ▼59.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial
Liquidity times 5current ratio 119.06
Current ratio from 22.94 to 119.06; short-term debt falls from €10k to €2k.
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 22.94
Current ratio from 10.96 to 22.94; short-term debt falls from €22k to €10k.
05-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 97 days late
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 133 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 153 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Laureins
Ground area
312 m²
Building footprint
269 m²
Volume, LiDAR
1,262 m³
Parcel 43014A0726/00P000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43014A0726/00P000 | Flanders | 312 m² | 1 · 269 m² | 7.9 m · 2 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 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,781 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
Founded29-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.