PRODUCTIVITY
ActiveSummary
PRODUCTIVITY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €800k and a net result of €32k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 50% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+3
Solvency82▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.7 in 2024; short-term debt: 31.1% and cash: 25.5% of total assets), and 43.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 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 · 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
56.9%
Return on assets
2.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 28-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
on the day
2022
1 d late
2021
on the day
2020
3 d late
2019
1 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€800k▲ 4.2%
2024 · €768k
2018: €409klowest in 8 years
2019: €465k▲ +13.6% vs 2018
2020: €552k▲ +18.7% vs 2019
2021: €682k▲ +23.6% vs 2020
2022: €713k▲ +4.6% vs 2021
2023: €766k▲ +7.5% vs 2022
2024: €768k▲ +0.2% vs 2023
2025: €800k▲ +4.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.41M▼ 7.2%
2024 · €1.51M
2018: €995klowest in 8 years
2019: €1.06M▲ +6.0% vs 2018
2020: €1.16M▲ +10.3% vs 2019
2021: €1.56M▲ +34.4% vs 2020
2022: €1.61M▲ +2.6% vs 2021highest in 8 years
2023: €1.58M▼ -1.7% vs 2022
2024: €1.51M▼ -4.0% vs 2023
2025: €1.41M▼ -7.2% vs 2024
2018 → 2025
Net result
€32k▲ 1,881%
2024 · €2k
2018: €55k
2019: €55k▲ +1.2% vs 2018
2020: €108k▲ +95.6% vs 2019
2021: €139k▲ +28.3% vs 2020highest in 8 years
2022: €96k▼ -31.3% vs 2021
2023: €64k▼ -33.2% vs 2022
2024: €2k▼ -97.5% vs 2023lowest in 8 years
2025: €32k▲ +1881% vs 2024
2018 → 2025
Working capital
€468k▲ 20.5%
2024 · €388k
2018: €398k
2019: €467k▲ +17.3% vs 2018
2020: €447k▼ -4.3% vs 2019
2021: €449k▲ +0.3% vs 2020
2022: €423k▼ -5.7% vs 2021
2023: €419k▼ -1.0% vs 2022
2024: €388k▼ -7.3% vs 2023lowest in 8 years
2025: €468k▲ +20.5% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€682k-€713k▲ 4.6%€766k▲ 7.5%€768k▲ 0.2%€800k▲ 4.2%
2021: €682klowest in 5 years
2022: €713k▲ +4.6% vs 2021
2023: €766k▲ +7.5% vs 2022
2024: €768k▲ +0.2% vs 2023
2025: €800k▲ +4.2% vs 2024highest in 5 years
Operating result€184k-€134k▼ 27.2%€117k▼ 12.7%€9k▼ 92.2%€54k▲ 486%
2021: €184khighest in 5 years
2022: €134k▼ -27.2% vs 2021
2023: €117k▼ -12.7% vs 2022
2024: €9k▼ -92.2% vs 2023lowest in 5 years
2025: €54k▲ +486% vs 2024
Net result€139k-€96k▼ 31.3%€64k▼ 33.2%€2k▼ 97.5%€32k▲ 1,881%
2021: €139khighest in 5 years
2022: €96k▼ -31.3% vs 2021
2023: €64k▼ -33.2% vs 2022
2024: €2k▼ -97.5% vs 2023lowest in 5 years
2025: €32k▲ +1881% vs 2024
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 2025; 2025 is 486% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€500k ▼ 12.2%
Current assets
€905k ▼ 4.2%
Equity and liabilities €1.41M
Equity
€800k ▲ 4.2%
Provisions
€10k =
Debt
€595k ▼ 19.2%
Debt's share of the balance-sheet total falls from 48.6% to 42.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€122k▲
2024 · €77k
Cash flow
€100k▲
2024 · €70k
Current ratio
2.07▲
2024 · 1.70
Debt to equity
0.74▼
2024 · 0.96
ROE
4.0%▲
2024 · 0.2%
ROA
2.3%▲
2024 · 0.1%
Interest coverage
7.59▲
2024 · 5.97
Debt ≤ 1 year
€437k▼
2024 · €557k
Debt > 1 year
€143k▼
2024 · €169k
Income taxes
€19k▲
2024 · €290
Staff costs
€189k▲
2024 · €129k
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.51M€1.41M▼
Fixed assets21/28€569k€500k▼
Tangible fixed assets22/27€569k€500k▼
Land and buildings22€411k€378k▼
Plant, machinery and equipment23€94k€86k▼
Furniture and vehicles24€65k€36k▼
Current assets29/58€945k€905k▼
Amounts receivable within one year40/41€462k€312k▼
Trade receivables40€244k€162k▼
Other amounts receivable41€218k€150k▼
Current investments50/53€5k€5k=
Cash at bank and in hand54/58€296k€358k▲
Deferred charges and accrued income490/1€182k€230k▲
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.41M▼
Equity10/15€768k€800k▲
Contributions10/11€139k€139k=
Reserves13€391k€422k▲
Non-distributable reserves130/1€14k-
Reserves not available under the articles1311€14k-
Tax-exempt reserves132€15k€15k=
Distributable reserves133€362k€407k▲
Profit (loss) carried forward14€239k€240k▲
Provisions and deferred taxes16€10k€10k=
Provisions for liabilities and charges160/5€10k€10k=
Environmental obligations163€10k€10k=
Amounts payable17/49€737k€595k▼
Amounts payable after more than one year17€169k€143k▼
Financial debts170/4€169k€143k▼
Amounts payable within one year42/48€557k€437k▼
Current portion of amounts payable after more than one year42€25k€25k▲
Trade debts44€112k€163k▲
Suppliers440/4€112k€163k▲
Taxes, remuneration and social security45€35k€24k▼
Taxes450/3€20k€3k▼
Remuneration and social security454/9€15k€21k▲
Other amounts payable47/48€386k€225k▼
Accrued charges and deferred income492/3€11k€14k▲
Income statement
Code20242025
Remuneration, social security and pensions62€129k€189k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€68k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-10k-
Other operating charges640/8€4k€3k▼
Gross operating margin9900€208k€314k▲
Operating profit (loss)9901€9k€54k▲
Financial income75/76B€6k€13k▲
Recurring financial income75€6k€13k▲
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€2k€51k▲
Income taxes67/77€290€19k▲
Profit (loss) for the period9904€2k€32k▲
Profit (loss) for the period to be appropriated9905€2k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€240k€271k▲
Profit (loss) brought forward from the previous period14P€239k€239k=
Transfer to equity691/2€2k€31k▲
To other reserves6921€2k€31k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €51k | €61k | €77k | €129k | €189k | ▲ 46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €36k | €53k | €68k | €68k | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €8k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-21k | €20k | - | €-10k | - | - |
| Other operating charges640/8 | €4k | €10k | €3k | €4k | €3k | ▼ 24.0% |
| Gross operating margin9900 | €244k | €261k | €250k | €208k | €314k | ▲ 51.1% |
| Operating profit (loss)9901 | €184k | €134k | €117k | €9k | €54k | ▲ 486% |
| Financial income75/76B | €9k | €112 | €5k | €6k | €13k | ▲ 129% |
| Recurring financial income75 | €9k | €112 | €5k | €6k | €13k | ▲ 129% |
| Financial charges65/66B | €20k | €14k | €23k | €13k | €16k | ▲ 24.6% |
| Recurring financial charges65 | €20k | €14k | €23k | €13k | €16k | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €174k | €120k | €99k | €2k | €51k | ▲ 2,554% |
| Income taxes67/77 | €35k | €25k | €35k | €290 | €19k | ▲ 6,313% |
| Profit (loss) for the period9904 | €139k | €96k | €64k | €2k | €32k | ▲ 1,881% |
| Profit (loss) for the period to be appropriated9905 | €139k | €96k | €64k | €2k | €32k | ▲ 1,881% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.56M | €1.61M | €1.58M | €1.51M | €1.41M | ▼ 7.2% |
| Fixed assets21/28 | €483k | €530k | €582k | €569k | €500k | ▼ 12.2% |
| Tangible fixed assets22/27 | €483k | €530k | €582k | €569k | €500k | ▼ 12.2% |
| Land and buildings22 | €435k | €487k | €448k | €411k | €378k | ▼ 7.9% |
| Plant, machinery and equipment23 | €29k | €28k | €98k | €94k | €86k | ▼ 8.7% |
| Furniture and vehicles24 | €19k | €15k | €36k | €65k | €36k | ▼ 44.8% |
| Current assets29/58 | €1.08M | €1.07M | €995k | €945k | €905k | ▼ 4.2% |
| Amounts receivable within one year40/41 | €591k | €458k | €489k | €462k | €312k | ▼ 32.5% |
| Trade receivables40 | €369k | €235k | €299k | €244k | €162k | ▼ 33.6% |
| Other amounts receivable41 | €222k | €223k | €190k | €218k | €150k | ▼ 31.2% |
| Current investments50/53 | €5k | €5k | €5k | €5k | €5k | = |
| Cash at bank and in hand54/58 | €406k | €491k | €361k | €296k | €358k | ▲ 20.7% |
| Deferred charges and accrued income490/1 | €79k | €120k | €140k | €182k | €230k | ▲ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.56M | €1.61M | €1.58M | €1.51M | €1.41M | ▼ 7.2% |
| Equity10/15 | €682k | €713k | €766k | €768k | €800k | ▲ 4.2% |
| Contributions10/11 | €139k | €139k | €139k | €139k | €139k | = |
| Reserves13 | €334k | €339k | €389k | €391k | €422k | ▲ 7.9% |
| Non-distributable reserves130/1 | €14k | €14k | €14k | €14k | - | - |
| Reserves not available under the articles1311 | €14k | €14k | €14k | €14k | - | - |
| Tax-exempt reserves132 | €15k | €15k | €15k | €15k | €15k | = |
| Distributable reserves133 | €305k | €310k | €360k | €362k | €407k | ▲ 12.4% |
| Profit (loss) carried forward14 | €209k | €235k | €239k | €239k | €240k | ▲ 0.4% |
| Provisions and deferred taxes16 | - | €20k | €20k | €10k | €10k | = |
| Provisions for liabilities and charges160/5 | - | €20k | €20k | €10k | €10k | = |
| Environmental obligations163 | - | - | €20k | €10k | €10k | = |
| Other liabilities and charges164/5 | - | €20k | - | - | - | - |
| Amounts payable17/49 | €882k | €872k | €791k | €737k | €595k | ▼ 19.2% |
| Amounts payable after more than one year17 | €233k | €206k | €193k | €169k | €143k | ▼ 14.9% |
| Financial debts170/4 | €233k | €206k | €193k | €169k | €143k | ▼ 14.9% |
| Amounts payable within one year42/48 | €632k | €652k | €576k | €557k | €437k | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | €24k | €24k | €25k | €25k | €25k | ▲ 1.1% |
| Trade debts44 | €217k | €218k | €135k | €112k | €163k | ▲ 45.6% |
| Suppliers440/4 | €217k | €218k | €135k | €112k | €163k | ▲ 45.6% |
| Taxes, remuneration and social security45 | €26k | €15k | €42k | €35k | €24k | ▼ 29.5% |
| Taxes450/3 | €20k | €4k | €30k | €20k | €3k | ▼ 83.3% |
| Remuneration and social security454/9 | €6k | €11k | €12k | €15k | €21k | ▲ 40.8% |
| Other amounts payable47/48 | €366k | €395k | €375k | €386k | €225k | ▼ 41.6% |
| Accrued charges and deferred income492/3 | €17k | €14k | €21k | €11k | €14k | ▲ 28.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139k | €96k | €64k | €2k | €32k | ▲ 1,881% |
| + Depreciation and write-downs630 | €25k | €36k | €53k | €68k | €68k | ▲ 0.7% |
| Operating cash flow (approximation) | €164k | €132k | €117k | €70k | €100k | ▲ 44.4% |
| Investment in fixed assets (approximation) | - | €-83k | €-105k | €-55k | €1k | ▲ 102% |
| Change in cash | - | €85k | €-130k | €-64k | €61k | ▲ 195% |
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
Next filing, fiscal year 2026, expected by
2026
18-09
State Gazette act
Incorporation · General meeting
Other statement · Auditor report
18-09
State Gazette act
Incorporation · Founder
General meeting · Merger
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-12
Financial
Weakest financial yearnet €2k ▼97.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-12
Financial
Highest result since 2018net €139k ▲28.3%
Operating result €184k, net result €139k, both a record.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
30-12
Financial
Equity above €500kEq €552k ▲18.7%
3 profitable years in a row build equity to €552k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
Show earlier events
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 1 day late
Financial milestoneState Gazette actNBB 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, Temse · 2 establishment units since 1988
Ground area
7,116 m²
Building footprint
2,920 m²
Volume, LiDAR
18,247 m³
2 parcels, Flanders · tallest building 42.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
PRODUCTIVITY
since 19882.235.392.912
Kapelanielaan 9, 9140 Temse
since 20132.236.012.128
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B0241/00L000 | Flanders | 4,850 m² | 1 · 2,588 m² | 42.6 m · 2 fl. |
| 46302D1687/00A000 | Flanders | 2,266 m² | 1 · 332 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,282 EUR awarded · 4,943 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,070 EUR | 2,297 EUR |
| 2024 | 1 | 849 EUR | 365 EUR |
| 2023 | 1 | 365 EUR | 1,283 EUR |
| 2022 | 1 | 998 EUR | 998 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,831 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
Founded03-10-1988
Fiscal year end30-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.