PROSPECTIVE
ActiveSummary
PROSPECTIVE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€119,033. Equity is growing by ~16.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 77 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €321,808 | €182,370 | €179,556 | €163,800 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €43,692 | €38,668 | €19,887 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,271 | €59,046 | €44,768 | €44,768 | €44,768 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€25,800 | -€39,835 | - | - | - |
| Other operating charges640/8 | - | €41,282 | €201,348 | €16,442 | €11,555 | ▼ 29.7% |
| Gross operating margin9900 | €256,196 | €138,679 | €140,888 | €143,912 | -€56,331 | ▼ 139% |
| Operating profit (loss)9901 | €108,992 | €64,151 | -€65,392 | €82,703 | -€112,654 | ▼ 236% |
| Financial income75/76B | - | €1.6m | €14,550 | €13,600 | €12,775 | ▼ 6.1% |
| Recurring financial income75 | €25 | €7,500 | €14,550 | €13,600 | €12,775 | ▼ 6.1% |
| Non-recurring financial income76B | - | €1.6m | - | - | - | - |
| Financial charges65/66B | - | €24,596 | €25,486 | €31,503 | €19,155 | ▼ 39.2% |
| Recurring financial charges65 | €47,532 | €24,596 | €25,486 | €31,503 | €19,155 | ▼ 39.2% |
| Profit (loss) for the period before taxes9903 | €61,486 | €1.7m | -€76,328 | €64,800 | -€119,033 | ▼ 284% |
| Transfer to deferred taxes680 | - | €401,602 | - | - | - | - |
| Income taxes67/77 | €15,730 | €11,900 | €60 | - | - | - |
| Profit (loss) for the period9904 | €45,755 | €1.2m | -€76,388 | €64,800 | -€119,033 | ▼ 284% |
| Transfer to tax-exempt reserves689 | - | €1.2m | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €45,755 | €35,155 | -€76,388 | €64,800 | -€119,033 | ▼ 284% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €2.9m | €2.8m | €2.6m | €2.3m | ▼ 11.8% |
| Fixed assets21/28 | €3.2m | €2.0m | €1.6m | €1.5m | €1.5m | ▼ 2.9% |
| Tangible fixed assets22/27 | €3.2m | €2.0m | €1.6m | €1.5m | €1.5m | ▼ 2.9% |
| Land and buildings22 | - | €2.0m | €1.6m | €1.5m | €1.5m | ▼ 2.9% |
| Current assets29/58 | €145,607 | €830,441 | €1.2m | €1.1m | €817,701 | ▼ 24.4% |
| Amounts receivable after more than one year29 | - | €750,000 | €680,000 | €680,000 | €620,000 | ▼ 8.8% |
| Other amounts receivable291 | - | €750,000 | €680,000 | €680,000 | €620,000 | ▼ 8.8% |
| Stocks and contracts in progress3 | - | - | €271,829 | €271,829 | - | - |
| Stocks30/36 | - | - | €271,829 | €271,829 | - | - |
| Amounts receivable within one year40/41 | €8,869 | €7,560 | €31,473 | €25,593 | €127,405 | ▲ 398% |
| Trade receivables40 | - | €60 | €6,673 | €4,993 | €101,030 | ▲ 1,923% |
| Other amounts receivable41 | - | €7,500 | €24,800 | €20,600 | €26,375 | ▲ 28.0% |
| Cash at bank and in hand54/58 | €135,902 | €71,997 | €234,296 | €104,451 | €63,546 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | €884 | €346 | €391 | €6,750 | ▲ 1,627% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €2.9m | €2.8m | €2.6m | €2.3m | ▼ 11.8% |
| Equity10/15 | €238,882 | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 8.6% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €7,500 | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Non-distributable reserves130/1 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Tax-exempt reserves132 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Profit (loss) carried forward14 | €156,382 | €161,537 | €85,149 | €89,949 | -€29,085 | ▼ 132% |
| Provisions and deferred taxes16 | €60,000 | €441,602 | €401,602 | €401,602 | €401,602 | = |
| Provisions for liabilities and charges160/5 | - | €40,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | €40,000 | - | - | - | - |
| Deferred taxes168 | - | €401,602 | €401,602 | €401,602 | €401,602 | = |
| Amounts payable17/49 | €3.1m | €966,321 | €1.0m | €848,664 | €658,367 | ▼ 22.4% |
| Amounts payable after more than one year17 | €1.5m | €769,013 | €684,011 | €596,998 | €507,924 | ▼ 14.9% |
| Financial debts170/4 | - | €769,013 | €684,011 | €596,998 | €507,924 | ▼ 14.9% |
| Amounts payable within one year42/48 | €1.6m | €193,979 | €349,900 | €251,666 | €148,891 | ▼ 40.8% |
| Current portion of amounts payable after more than one year42 | - | €83,036 | €340,555 | €187,014 | €144,902 | ▼ 22.5% |
| Trade debts44 | €10,581 | €5,533 | €9,345 | €4,652 | €3,988 | ▼ 14.3% |
| Suppliers440/4 | - | €5,533 | €9,345 | €4,652 | €3,988 | ▼ 14.3% |
| Taxes, remuneration and social security45 | - | €3,900 | - | - | - | - |
| Taxes450/3 | - | €3,900 | - | - | - | - |
| Other amounts payable47/48 | - | €101,509 | - | €60,000 | - | - |
| Accrued charges and deferred income492/3 | - | €3,329 | - | - | €1,552 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,755 | €1.2m | -€76,388 | €64,800 | -€119,033 | ▼ 284% |
| + Depreciation and write-downs630 | €91,271 | €59,046 | €44,768 | €44,768 | €44,768 | = |
| Operating cash flow (approximation) | €137,026 | €1.3m | -€31,621 | €109,568 | -€74,266 | ▼ 168% |
| Investment in fixed assets (approximation) | - | €1.1m | €391,534 | €0 | €0 | - |
| Change in cash | - | -€63,905 | €162,299 | -€129,845 | -€40,905 | ▲ 68.5% |
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
03-09
State Gazette act
Resignations: Celal Karabulut (director) and Berkan Sandurac (director)Appointment: Serdar Sandurac (director) · Director discharge · Power of attorney7 facts ▸
- General meeting, 26-05-2026
- Director resignation, Celal Karabulut (director)
- Director resignation, Berkan Sandurac (director)
- Director discharge, Celal Karabulut
- Director discharge, Berkan Sandurac
- Director appointment, Serdar Sandurac (director)
- Power of attorney, Adventill
15-06
State Gazette act
Resignations: Nelly SPAAS (director) and Bertrand VERKLAREN (director)Appointments: KARABULUT Celal (director) and SANDURAC Berkan (director) · Registered-office move · Power of attorney7 facts ▸
- General meeting, 26-05-2026
- Director resignation, Nelly SPAAS (director)
- Director resignation, Bertrand VERKLAREN (director)
- Director appointment, KARABULUT Celal (director)
- Director appointment, SANDURAC Berkan (director)
- Registered-office move, Avenue Edmond Van Nieuwenhuyse 24 boîte 12, 1160 Auderghem
- Power of attorney
Show earlier events
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0150/00S000 | Brussels | 344 m² | 1 · 272 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Serdar Sandurac |
|
| Berkan Sandurac |
|
| Celal Karabulut |
|
| Bertrand VERKLAREN |
|
| Nelly SPAAS |
|
Articles of association
Full text
Ces mandats prennent cours immédiatement pour une durée de 6 ans prenant fin de plein droit à l'assemblée générale ordinaire de l'année 2032. Aucune décision ou engagement externe n'est valable sans l'accord et la signature de tous les administrateurs. Ces mandats seront exercés à titre gratuit sauf décision contraire de l'assemblée générale ordinaire. 3/ les actionnaires décident de transférer le siège social de l'avenue René Gobert 14 à 1180 Uccle vers le numéro 24 boîte 12 de l'avenue Edmond Van Nieuwenhuyse à 1160 Auderghem, ceci avec effet immédiat.
Structure & network
Owners and holdings
1 ownerChain of control
- PAPER MOON
- PROSPECTIVE
Highest known parent: PAPER MOON. The sources do not say who stands above it.
Owners 1
- PAPER MOONparentSourceaccounts PAPER MOON 202599.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.