RESIDENCE

Active

Public limited companyfounded 199827 yrs activeXhoffraix-Au-dessus des Trous 2, 4960 Malmedy, BelgiumKBO/BCE: BE 0464.947.427

RESIDENCE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €-31k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Watch Print / PDF

Checked score

Score 2025

15 / 100

Critical= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency22▼-28

Growth32=

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.21 against 0.46 in 2024), and 76.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Nine signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

23.2%

Return on assets

-9.1%

Age of the figures

8 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€31k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

21 d early

2024

22 d early

2023

28 d late

2022

24 d late

2021

17 d early

2020

16 d late

2019

14 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

09-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€79k▼ 28.1%

2024 · €109k

2018: €233k 2019: €166k 2020: €164k 2021: €139k 2022: €137k 2023: €132k 2024: €109k

2018 → 2025

Total assets

€338k▲ 23.4%

2024 · €274k

2018: €249k 2019: €186k 2020: €182k 2021: €173k 2022: €181k 2023: €169k 2024: €274k

2018 → 2025

Net result

€-31k▼ 33.7%

2024 · €-23k

2018: €8k 2019: €12k 2020: €-2k 2021: €-25k 2022: €-1k 2023: €-5k 2024: €-23k

2018 → 2025

Working capital

€-110k▼ 268%

2024 · €-30k

2018: €91k 2019: €39k 2020: €52k 2021: €43k 2022: €48k 2023: €19k 2024: €-30k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€139k-€137k▼ 1.0%€132k▼ 3.9%€109k▼ 17.4%€79k▼ 28.1%

Operating result€-25k-€-1k▲ 94.4%€-5k▼ 280%€-22k▼ 311%€-26k▼ 20.0%

Net result€-25k-€-1k▲ 94.3%€-5k▼ 273%€-23k▼ 333%€-31k▼ 33.7%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €26k in 2025 against €22k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €338k

91.2%

Fixed assets €308k▲ 23.9%

Current assets €30k▲ 18.3%

Equity and liabilities €338k

23.2%

76.8%

Equity €79k▼ 28.1%

Debt €259k▲ 57.5%

The debt ratio rises from 60.1% to 76.8%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▲

2024 · €-1k

Cash flow

€5k▲

2024 · €-2k

Solvency

23.2%▼

2024 · 39.9%

Current ratio

0.21▼

2024 · 0.46

Quick ratio

0.21▼

2024 · 0.46

Debt / equity

3.30▲

2024 · 1.51

ROE

-39.1%▼

2024 · -21.0%

ROA

-9.1%▼

2024 · -8.4%

Interest coverage

2.00▲

2024 · -0.86

Debt

€259k▲

2024 · €165k

Debt ≤ 1 year

€140k▲

2024 · €55k

Debt > 1 year

€116k▲

2024 · €110k

Staff costs

€46k▲

2024 · €44k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€274k€338k▲

Fixed assets21/28€249k€308k▲

Tangible fixed assets22/27€249k€308k▲

Land and buildings22€241k€301k▲

Plant, machinery and equipment23€5k€5k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€25k€30k▲

Amounts receivable within one year40/41€18k€4k▼

Trade receivables40€15k€2k▼

Other amounts receivable41€3k€2k▼

Cash at bank and in hand54/58€7k€25k▲

Equity and liabilities

Total equity and liabilities10/49€274k€338k▲

Equity10/15€109k€79k▼

Contributions10/11€500k€500k=

Capital10€500k€500k=

Issued capital100€500k€500k=

Reserves13€7k€7k=

Non-distributable reserves130/1€7k€7k=

Legal reserve130€7k€7k=

Profit (loss) carried forward14€-398k€-429k▼

Amounts payable17/49€165k€259k▲

Amounts payable after more than one year17€110k€116k▲

Financial debts170/4€110k€114k▲

Other amounts payable178/9-€2k

Amounts payable within one year42/48€55k€140k▲

Current portion of amounts payable after more than one year42€7k€7k▲

Trade debts44€33k€48k▲

Suppliers440/4€33k€48k▲

Advances received on contracts in progress46€5k€10k▲

Taxes, remuneration and social security45€9k€7k▼

Taxes450/3€555€593▲

Remuneration and social security454/9€8k€6k▼

Other amounts payable47/48€1k€68k▲

Accrued charges and deferred income492/3-€3k

Income statement Code20242025

Remuneration, social security and pensions62€44k€46k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€35k▲

Other operating charges640/8€7k€9k▲

Gross operating margin9900€50k€65k▲

Operating profit (loss)9901€-22k€-26k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€1k€5k▲

Recurring financial charges65€1k€5k▲

Profit (loss) for the period before taxes9903€-23k€-31k▼

Profit (loss) for the period9904€-23k€-31k▼

Profit (loss) for the period to be appropriated9905€-23k€-31k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-398k€-429k▼

Profit (loss) brought forward from the previous period14P€-375k€-398k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €-31k

Net result drops to €-31k, the lowest in the series.

09-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 24 days late

2022

14-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

16-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 16 days late

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Highest result since 2018net €12k ▲51%

Operating result €12k, net result €12k, both a record.

19-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 19 days late

2018

21-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 21 days late

2017

29-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 6 acts read

About the unread acts

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 directors, last change in 2024

Charles NELLES

Director · since 08-07-2024

Current

J.M.M.J.

Director · since 08-07-2024 · Public limited company · perm. rep.: Sylvie HEINRICHS

Current

08-07-2024 Charles NELLES: Appointed as Director

08-07-2024 Charles NELLES: Appointed as Managing director

08-07-2024 J.M.M.J.: Appointed as Director

08-07-2024 J.M.M.J.: Appointed as Managing director

08-07-2024 Dimitri DELVENNE: Resigned as Director

08-07-2024 Charles NELLES: Appointed as Représentant permanent

Not every act has been read: a resignation may be missing here

6 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Malmedy · 1 establishment unit since 2000

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Xhoffraix-Au-dessus des Trous 24960 Malmedy

1 establishment unit

Mont-Route des Trôs Marèts 2, 4960 Malmedy

NACE 5530201

since 20002.131.649.036