Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
The 2022 accounts came latest: 31 days after the end of the period.
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.
In July 2024, 7,637 companies had the same profile as REQUEST2PAY has now. Each dot stands for 20 companies, two years later.
Another 0.8% 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 7,637 companies, not a prediction for REQUEST2PAY. 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.
| Company | ||||
|---|---|---|---|---|
| REQUEST2PAY Brussels | €3,290 | -€2,056 | -244.1% | - |
| Thom Consult Etterbeek | €3,694 | -€3,777 | 33.6% | - |
| Nimbus2060 Antwerp | €3,546 | -€19,559 | -606.9% | - |
| Dehandschutter Consulting Mortsel | €3,843 | -€15,246 | 67.3% | - |
| Cadanso Ghent | €3,908 | €800 | -51.2% | - |
| SignFree Brussels | €3,955 | €744 | 95.7% | - |
| PODlabs Uccle | €2,508 | -€2,338 | -461.0% | - |
These companies have the same main activity as REQUEST2PAY: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2,510 and €3,960, founded between 2021 and 2023.
REQUEST2PAY files the micro format. That format states no turnover. The gross margin rose from -€10,122 in 2022 to -€2,056 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.
Higher than 12% of 18,260 companies in 2023.
Higher than 24% of 17,749 companies in 2023.
Lower than 95% of 17,887 companies in 2023.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
3,290 | 2,755 | 6,855 | 12,168 | |
21/28 |
40 | 40 | 40 | 590 | |
28 |
40 | 40 | 40 | 590 | |
29/58 |
3,250 | 2,715 | 6,815 | 11,578 | |
40/41 |
2,733 | 1,681 | 1,780 | 3,821 | |
40 |
2,158 | 1,210 | 1,210 | 1,210 | |
41 |
575 | 471 | 570 | 2,611 | |
54/58 |
518 | 1,034 | 5,035 | 7,757 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
3,290 | 2,755 | 6,855 | 12,168 | |
10/15 |
-8,031 | -5,836 | 782 | 9,800 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | |
14 |
-28,031 | -25,836 | -19,218 | -10,200 | |
17/49 |
11,322 | 8,590 | 6,073 | 2,368 | |
42/48 |
11,322 | 7,940 | 5,352 | 1,868 | |
44 |
- | 1,118 | 1,352 | 1,868 | |
440/4 |
- | 1,118 | 1,352 | 1,868 | |
47/48 |
11,322 | 6,822 | 4,000 | - | |
492/3 |
- | 650 | 721 | 500 | |
| Income statement | |||||
9900 |
-2,056 | -6,228 | -8,847 | -10,122 | |
9901 |
-2,056 | -6,228 | -8,847 | -10,122 | |
75/76B |
- | 1 | - | - | |
75 |
- | 1 | - | - | |
65/66B |
140 | 391 | 171 | 79 | |
65 |
140 | 391 | 171 | 79 | |
9903 |
-2,196 | -6,618 | -9,018 | -10,200 | |
9904 |
-2,196 | -6,618 | -9,018 | -10,200 | |
9905 |
-2,196 | -6,618 | -9,018 | -10,200 | |
| Appropriation of the result | |||||
9906 |
-28,031 | -25,836 | -19,218 | -10,200 | |
14P |
-25,836 | -19,218 | -10,200 | - | |
| Document | |||||
The notes to these accounts have 2 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 23-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| - | - | 40 | 590 | ||
| -516 | -4,001 | -2,722 | - | ||
| -8,071 | -5,226 | 1,463 | 9,710 | ||
| - | - | 11.4% | 80.5% | ||
| - | - | 1.27 | 6.20 | ||
| - | - | - | 0.24 | ||
| - | - | - | -104.1% | ||
| - | - | -131.6% | -83.8% |
The ratios are withheld because a balance sheet total of €3,290 is too small for a meaningful ratio.
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 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Financial fixed assets | - | - | €40 | €590 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €2,056, smaller than the loss of €6,228 in 2024.
Equity is negative. Debt (€11,322) exceeds the balance-sheet total (€3,290).
REQUEST2PAY has no parent and no holdings in its annual accounts. is the only director. REQUEST2PAY shares no director with another company.
| KEYROCK
establishment since 11-12-2017 · founded in 2017 · accounts filed late |
turnover €46.0m (2025) 0685.795.245 |
| PHG ASSET MANAGEMENT
registered office since 05-07-2004 · founded in 2004 · negative equity (2025) |
total assets €38.2m (2025) 0866.158.926 |
| MACAN DEVELOPMENT
registered office since 21-12-2012 · founded in 2013 |
turnover €4.8m (2025) 0508.869.423 |
| MACAN.GROUP
registered office since 29-06-1999 · founded in 1999 · group PHG ASSET MANAGEMENT |
4.2 FTE (2025) 0466.381.344 |
| Société de Transactions Immobilières et de Constructions
registered office since 05-04-1952 · founded in 1952 |
turnover €2.3m (2025) 0403.330.057 |
| FAIR ESTATE INVEST
registered office since 19-11-1992 · founded in 1989 · group ROGLINE |
total assets €21.9m (2025) 0437.562.644 |
| L375
registered office since 16-11-2021 · founded in 2021 · negative equity (2025) |
turnover €425,257 (2025) 0777.392.840 |
| SI INVEST
registered office since 08-01-2004 · founded in 2004 |
7 FTE (2025) 0862.540.925 |
| SOUTH MED INVESTMENTS LIMITED
establishment since 27-06-2000 · founded in 2000 · group CAPARBEL |
total assets €13.1m (2025) 0471.991.904 |
| SMARTFLATS
registered office since 16-10-2012 · founded in 2012 |
23 FTE (2024) 0849.650.615 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 251 registered office 1050 Brussels | ||
| Louizalaan 231 1050 Ixelles | 28-03-2022 | 2.330.238.423 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21807G0131/00T000 | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 |
| 21807G0135/00T003 | 1,574 m² | 1 · 1,579 m² | 46.6 m · 13 |
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