RES NULLIUS
ActiveSummary
RES NULLIUS has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,102 and a net result of €10,051. Equity has been stable since 2018 (±2.4% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-01-1998 Normal situation
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €25,876
- ▼ 31.5%
- Turnover
- ≈ €100,000
- estimated
- Profit
- €10,051
- ▼ 44.7%
- Equity
- €103,102
- ▼ 18.4%
- Total assets
- €116,834
- ▼ 22.7%
Score breakdownlowers riskSize: total assets €116,834Founded in 1998Liquidity: current ratio 14.86, cash €53,031Equity €103,102 (88.2% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 95% on liquidity, 62% on profitability and 18% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 28 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 44% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,000 | - | - |
| Depreciation and write-downs of the year | €21,151 | €17,010 | €7,346 | €7,346 | €7,346 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Companies with the same profile, two years later
Historical observationIn July 2024, 31,368 companies had the same profile as RES NULLIUS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RES NULLIUS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for RES NULLIUS. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,275 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,705 | €25,426 | €25,426 | €21,151 | €17,010 | €7,346 | €7,346 | €7,346 | = |
| Other operating charges640/8 | - | - | - | €2,744 | €2,802 | €3,074 | €3,187 | €3,287 | ▲ 3.1% |
| Gross operating margin9900 | €32,809 | €35,204 | €33,857 | €61,592 | €48,642 | €44,567 | €37,771 | €25,876 | ▼ 31.5% |
| Operating profit (loss)9901 | €4,459 | €7,085 | €5,705 | €37,697 | €28,831 | €34,147 | €27,237 | €15,243 | ▼ 44.0% |
| Financial income75/76B | - | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €815 | €339 | €220 | €184 | €185 | ▲ 0.7% |
| Recurring financial charges65 | €772 | €660 | €557 | €815 | €339 | €220 | €184 | €185 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €3,687 | €6,425 | €5,148 | €36,882 | €28,492 | €33,927 | €27,053 | €15,058 | ▼ 44.3% |
| Income taxes67/77 | €1,085 | €2,310 | €1,502 | €11,708 | €9,745 | €11,813 | €8,885 | €5,008 | ▼ 43.6% |
| Profit (loss) for the period9904 | €2,602 | €4,115 | €3,646 | €25,174 | €18,746 | €22,113 | €18,168 | €10,051 | ▼ 44.7% |
| Profit (loss) for the period to be appropriated9905 | €2,602 | €4,115 | €3,646 | €25,174 | €18,746 | €22,113 | €18,168 | €10,051 | ▼ 44.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €179,044 | €177,211 | €178,173 | €211,862 | €177,731 | €141,716 | €151,077 | €116,834 | ▼ 22.7% |
| Fixed assets21/28 | €147,904 | €126,228 | €100,801 | €83,554 | €66,544 | €61,198 | €53,851 | €46,505 | ▼ 13.6% |
| Tangible fixed assets22/27 | €147,532 | €125,856 | €100,429 | €83,554 | €66,544 | €61,198 | €53,851 | €46,505 | ▼ 13.6% |
| Land and buildings22 | - | - | - | €83,554 | €66,544 | €61,198 | €53,851 | €46,505 | ▼ 13.6% |
| Financial fixed assets28 | €372 | €372 | €372 | - | - | - | - | - | - |
| Current assets29/58 | €31,140 | €50,984 | €77,371 | €128,308 | €111,187 | €80,518 | €97,226 | €70,329 | ▼ 27.7% |
| Amounts receivable within one year40/41 | €1,205 | €1,205 | €1,205 | €1,205 | €1,205 | €1,205 | €1,249 | €16,280 | ▲ 13× |
| Other amounts receivable41 | - | - | - | €1,205 | €1,205 | €1,205 | €1,249 | €16,280 | ▲ 13× |
| Cash at bank and in hand54/58 | €29,935 | €49,779 | €76,166 | €127,104 | €106,982 | €79,313 | €94,966 | €53,031 | ▼ 44.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,000 | - | €1,011 | €1,019 | ▲ 0.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €179,044 | €177,211 | €178,173 | €211,862 | €177,731 | €141,716 | €151,077 | €116,834 | ▼ 22.7% |
| Equity10/15 | €94,937 | €99,053 | €102,699 | €127,873 | €86,133 | €108,246 | €126,414 | €103,102 | ▼ 18.4% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €74,937 | €79,053 | €82,699 | €107,873 | €66,133 | €88,246 | €106,414 | €83,102 | ▼ 21.9% |
| Non-distributable reserves130/1 | - | - | - | €7,040 | €7,040 | €7,040 | €7,040 | €7,040 | = |
| Reserves not available under the articles1311 | - | - | - | €7,040 | €7,040 | €7,040 | €7,040 | €7,040 | = |
| Distributable reserves133 | - | - | - | €100,833 | €59,093 | €81,206 | €99,374 | €76,062 | ▼ 23.5% |
| Amounts payable17/49 | €84,107 | €78,159 | €75,474 | €83,990 | €91,598 | €33,470 | €24,663 | €13,732 | ▼ 44.3% |
| Amounts payable after more than one year17 | €25,319 | €21,132 | €16,828 | €12,401 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Financial debts170/4 | - | - | - | €3,401 | - | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €9,000 | €9,000 | €9,000 | €9,000 | €9,000 | = |
| Amounts payable within one year42/48 | €55,893 | €57,027 | €58,647 | €70,434 | €82,598 | €23,020 | €15,663 | €4,732 | ▼ 69.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,426 | €3,401 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €11,708 | €9,110 | €11,320 | €11,454 | - | - |
| Taxes450/3 | - | - | - | €11,708 | €9,110 | €11,320 | €11,454 | - | - |
| Other amounts payable47/48 | - | - | - | €54,300 | €70,086 | €11,700 | €4,208 | €4,732 | ▲ 12.4% |
| Accrued charges and deferred income492/3 | - | - | - | €1,154 | - | €1,450 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,602 | €4,115 | €3,646 | €25,174 | €18,746 | €22,113 | €18,168 | €10,051 | ▼ 44.7% |
| + Depreciation and write-downs630 | €25,705 | €25,426 | €25,426 | €21,151 | €17,010 | €7,346 | €7,346 | €7,346 | = |
| Operating cash flow (approximation) | €28,306 | €29,542 | €29,072 | €46,325 | €35,756 | €29,460 | €25,515 | €17,397 | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | -€3,750 | €0 | -€3,904 | €0 | -€2,000 | €0 | €0 | - |
| Change in cash | - | €19,844 | €26,387 | €50,937 | -€20,122 | -€27,668 | €15,652 | -€41,935 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00372605 | NBB |
| 31-12-2024 | micro format | 20-09-2025 | 2025-00497745 | |
| 31-12-2023 | micro format | 23-08-2024 | 2024-00363911 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00350087 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20404510 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-39600189 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31000334 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-20600547 | |
| 31-12-2017 | micro format | 26-09-2018 | 2018-65100428 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26200031 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
RES NULLIUS shares no director with another company.
Companies at the same address
7 other companies- Spinsh Registered office · since 2023 1003189935
- IMMO ATLANTIS Registered office · since 2015 0455779640
- JUSTCLIC Registered office · since 2011 0841865077
- Higiro, Domitien Stanislas (sole trader) Establishment · since 2011 0833233463
- CLOS DE L'ABBAYE DE SAINT-DENIS Registered office · since 2001 0475513103
- WAEGENAERE et associés Registered office · since 1998 0462554891
- LE HEAUME Registered office · since 1985 0427287275
Connections & network
1 current directorThe network starts from the directors of RES NULLIUS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55004H0320/00L000 | Wallonia | 834 m² | 1 · 101 m² | - |