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ROUTE 40

Active Private limited companyfounded 2015active for 10 yearsBoly, Fal. 6, 5522 OnhayeKBO/BCE: BE 0644.445.531 #2 company by total assets in the province of Namur, Other professional activities sector

Lifetime

10 annual accounts with figures on one time axis
peak €228,303 (2025)
€228,303▲ 101%
lowest -€51,203 (2023)
€48,702▲ 801%
peak €197,735 (2025)
€197,735▲ 32.6%
€3.5m▲ 71.2%
peak 4.8 FTE (2018)
-not published
Board3 names since 2015
2 directorsMariana GONZALEZ ESCALLON and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Gross margin from €113,777 to €228,303Result from €5,403 to €48,702Equity from €149,093 to €197,735Debts from €2.0m to €3.5mInvestments €852,492Cash from €64,331 to €377,799

Key points

from the 2025 annual accounts

Turnover

≈ €580,000 estimated

The accounts state no turnover.

Debts

€3.5m 95% of the balance sheet
Financial debts 63%Suppliers 0%Taxes and wages 0%Other 37%

€1.7m of the debts are secured on the company's own assets. In 2023 that was €1.1m.

Investments

€852,492 10.3 × depreciation
2021202220232025

Green is investment, beige is depreciation. Land and buildings stand 41.9% higher than in 2024.

Liquidity

0.81 was 1.99 in 2024

Short-term debts rose from €161,748 to €1.3m.

Filings

10 annual accounts 3 late
AprilJune31 JulyOctober20202025

The 2017 accounts came latest: 56 days after the end of the period.

Position in the sector

5.4%

Lower solvency than 81% of companies in other professional activities. Sector median 42.6% · 818 companies.

Checked score

92
Excellent
Financially stronger than 39% of small companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 188 companies (NACE 74, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025highest value 05-2025: 0.1%▼ -0.2 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Weak

30-2equity 5.4% of total assets
47-7short-term debt 35.4% · cash 10.3%
40=return on assets 1.3%

Score breakdown

raises risk
Equity €197,735 (5.4% of total assets)
lowers risk
Size: total assets €3.7m
Figures for financial year 2025 (filed on 26-06-2026)
Sector: Other professional, scientific and technical activities (NACE 74)
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 (NACE 74, small). It does better than 10% of them on solvency, 38% on liquidity, 28% on profitability and 81% on growth.

The bankruptcy probability was computed on 06-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 1,448 companies had the same profile as ROUTE 40 has now. Each dot stands for 4 companies, two years later.

95.6%
were still trading
2.1%
stopped another way
2.0%
went bankrupt
  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet

Another 0.3% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of ROUTE 40 itself is lower: < 0.1% within 12 months. It rests on far more data about ROUTE 40 than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,448 companies, not a prediction for ROUTE 40. 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.

Credit verdict

Credit of up to €18,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.81 (1.99 in 2024), below 1. Short-term debt is 35.4% and cash 10.3% of total assets. 94.6% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €3.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-06-2026)
NBB · annual accounts
raises risk · Equity €197,735 (5.4% of total assets)
NBB · annual accounts
lowers risk · Sector: Other professional, scientific and technical activities (NACE 74)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 818 sector peers (2025).
NBB · sector comparison
Position among 818 sector peers
Solvency
better than 19%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
115 days early
2023
21 days early
2022
7 days late
2021
5 days early
2020
20 days early
2019
14 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TL
Managing director
MG
Director, since 01-08-2023
  • société d'acquêts existante entre les époux Léonard-Gonzalez Escallon all the sharesdeed of 10-09-2026
Board & ownership

Recent changes

Merger proposal: ROUTE 40 takes over PACIFIC GLOBE Reappointments: Thibault LEONARD (director) and Mariana GONZALEZ ESCALLON (director) · société d'acquêts existante entre les époux Léonard-Gonzalez Escallon holds all the shares · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0644445531
Company renamed from PLURILINGUA to ROUTE 40 Resignation: GONZALEZ ESCALLON Laura (director) · Reappointments: Thibault LÉONARD (director) and GONZALEZ ESCALLON Mariana (director) · “nouvel objet” (deed in French) · General meeting of 02-10-2023 · Gazette deed
Registered office moved to Falaën New registered office: Boly 6 à 5522 Falaën · Appointment: Thibault Léonard (gérant et administrateur délégué à la gestion journalière des activités de l'entreprise) · General meeting of 08-10-2022 · Gazette deed
All 23 events

Comparable companies

same main activity, similar in size and age
Company
ROUTE 40 Onhaye €3.7m €228,303 5.4% -
WILKENS C.S. Ghent €3.7m €565,586 85.8% 6.5
ERBOMAS Maaseik €3.1m €159,602 72.0% -
Trusted Capital Woluwe-Saint-Pierre €2.4m €335,054 22.2% -
VEERLE PATTYN LANGUAGE SERVICES Deinze €4.5m €98,851 63.5% -
TOON GEVAERT Waregem €1.8m €323,107 64.4% -
ADLOR CONSULTING Brussels €1.4m €263,601 73.6% -

These companies have the same main activity as ROUTE 40: translation services (NACE 74301). They are comparable in size and age: total assets between €1.4m and €4.5m, founded between 2007 and 2016.

Official details

Source: KBO
Status
Active since 11-12-2015Normal situation
Activity
Translation servicesNACE 74301and 1 other
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2023
Establishment units
2.252.038.1121150 Woluwe-Saint-Pierre, since 11-12-2015
2.252.038.2115522 Onhaye, since 11-12-2015
Financial year end
31 December
Peppol
Reachable since 27-03-2026
Company details

Annual accounts 2025

€3.7m▲ 68.6%
Filing
Filed on 26-06-2026, 35 days before the end of the filing period
Financials

Insights on ROUTE 40

ROUTE 40 files the abbreviated format. That format states no turnover. The gross margin rose from €60,820 in 2016 to €228,303 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets.

In November 2022, the Official Gazette published the appointment of Thibault LEONARD as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about ROUTE 40

What is the company number of ROUTE 40?
The company number of ROUTE 40 is 0644.445.531. The VAT number is the same number with BE in front: BE 0644.445.531.
Where is ROUTE 40 based?
The registered office is at Boly, Fal. 6, 5522 Onhaye.Company details
What does ROUTE 40 do?
According to the KBO register, the main activity is translation services (NACE 74301).
What is the legal form of ROUTE 40?
ROUTE 40 is a private limited company (BV).
When was ROUTE 40 founded?
ROUTE 40 was founded on 11-12-2015.
Is ROUTE 40 still active?
Yes, ROUTE 40 is an active enterprise in the KBO register.
How many employees does ROUTE 40 have?
ROUTE 40 had an average of 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
Which joint committee does ROUTE 40 fall under?
In its 2023 annual accounts, ROUTE 40 states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of ROUTE 40?
The turnover in financial year 2025 is ≈ €580,000. This figure is estimated from the gross margin of €228,303 and 1,646 comparable companies of the same size. It probably lies between €350,000 and €1.1m. It is a rough estimate.
Is ROUTE 40 profitable?
In financial year 2025, ROUTE 40 made a profit of €48,702.
Where can I find the annual accounts of ROUTE 40?
ROUTE 40 filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of ROUTE 40 due?
ROUTE 40 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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