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Scenario

Active
Private limited companyfounded 20233 yrs activeKersbeeklaan 290, 1180 Ukkel, BelgiumKBO/BCE: BE 0800.714.115
Summary

The computed 12-month bankruptcy probability of Scenario is 2.6% (moderate). The 2025 annual accounts show equity of €476,063 and a net result of €20,220. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 8115 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability70▲+3
Solvency51▲+3
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.8 in 2024; short-term debt: 52.4% and cash: 2% of total assets), but 73.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
26.4%
Return on assets
1.1%
Age of the figures
10 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 30-06-2026, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
10 d late
2023
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today30-11-2026 close30-06-2027 deadline
neutral · 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

History

Scenario was incorporated on 13 April 2023 as a Private limited company.1 Total assets rose from EUR 1.6 million in 2023 to EUR 1.8 million in 2025 and headcount from 22.6 to 25.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€476,063▲ 4.4%
2024 · €455,843
Total assets
€1.8m▼ 8.2%
2024 · €2.0m
Net result
€20,220▲ 99.9%
2024 · €10,117
Working capital
€715,771▼ 13.3%
2024 · €825,526
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€22,651-€37,464▲ 65.4%€33,651▼ 10.2%
Net result€15,999-€10,117▼ 36.8%€20,220▲ 99.9%
Equity€445,726-€455,843▲ 2.3%€476,063▲ 4.4%
Total assets€1.6m-€2.0m▲ 22.6%€1.8m▼ 8.2%
Debt€1.2m-€1.5m▲ 30.5%€1.3m▼ 12.0%
Working capital€396,431-€825,526▲ 108%€715,771▼ 13.3%
Staff (FTE)22.6-28.8▲ 27.4%25.8▼ 10.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2023: €22,651€22,651Net result 2023: €15,999€15,999Operating result 2024: €37,464€37,464Net result 2024: €10,117€10,117Operating result 2025: €33,651€33,651Net result 2025: €20,220€20,220202320242025€0€10,000€20,000€30,000€40,000Operating result 2023: €22,651€22,700Net result 2023: €15,999€16,000Operating result 2024: €37,464€37,500Net result 2024: €10,117€10,100Operating result 2025: €33,651€33,700Net result 2025: €20,220€20,200202320242025
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets €140,327 ▲ 36.4%
Current assets €1.7m ▼ 10.6%
Equity and liabilities €1.8m
Equity €476,063 ▲ 4.4%
Debt €1.3m ▼ 12.0%
Debt's share of the balance-sheet total falls from 76.8% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€72,256▼
2024 · €72,307
Cash flow
€58,826▲
2024 · €44,960
Current ratio
1.76▼
2024 · 1.80
Quick ratio
1.16▼
2024 · 1.21
Debt to equity
2.79▼
2024 · 3.31
ROE
4.2%▲
2024 · 2.2%
ROA
1.1%▲
2024 · 0.5%
Interest coverage
7.80▲
2024 · 5.73
Debt ≤ 1 year
€945,336▼
2024 · €1.0m
Debt > 1 year
€381,009▼
2024 · €475,421
Income taxes
€14,343▼
2024 · €14,895
Staff costs
€1.6m▲
2024 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.7% stopped otherwise
98% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 895 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.0m€1.8m▼
Formation expenses20€2,822€973▼
Fixed assets21/28€102,915€140,327▲
Tangible fixed assets22/27€101,415€138,828▲
Furniture and vehicles24€101,415€138,828▲
Financial fixed assets28€1,500€1,500=
Current assets29/58€1.9m€1.7m▼
Stocks and contracts in progress3€606,737€561,676▼
Stocks30/36€606,737€561,676▼
Amounts receivable within one year40/41€1.2m€1.1m▼
Trade receivables40€1.1m€978,065▼
Other amounts receivable41€58,676€85,655▲
Cash at bank and in hand54/58€78,461€35,711▼
Equity and liabilities
Total equity and liabilities10/49€2.0m€1.8m▼
Equity10/15€455,843€476,063▲
Contributions10/11€24,351€24,351=
Reserves13€10,907€10,907=
Tax-exempt reserves132€341€341=
Distributable reserves133€10,565€10,565=
Profit (loss) carried forward14€420,585€440,805▲
Amounts payable17/49€1.5m€1.3m▼
Amounts payable after more than one year17€475,421€381,009▼
Financial debts170/4€64,937€81,009▲
Other amounts payable178/9€410,483€300,000▼
Amounts payable within one year42/48€1.0m€945,336▼
Current portion of amounts payable after more than one year42€32,855-
Financial debts43€30,000€36,840▲
Credit institutions430/8€30,000€36,840▲
Trade debts44€606,333€587,901▼
Suppliers440/4€606,333€587,901▼
Taxes, remuneration and social security45€215,126€172,678▼
Taxes450/3€27,896€26,372▼
Remuneration and social security454/9€187,230€146,306▼
Other amounts payable47/48€147,918€147,918=
Income statement Code20242025
Non-recurring operating income76A€59,542-
Remuneration, social security and pensions62€1.5m€1.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,843€38,606▲
Other operating charges640/8€1,101€2,580▲
Gross operating margin9900€1.6m€1.6m▲
Operating profit (loss)9901€37,464€33,651▼
Financial income75/76B€178€10,177▲
Recurring financial income75€178€10,177▲
Financial charges65/66B€12,630€9,265▼
Recurring financial charges65€12,630€9,265▼
Profit (loss) for the period before taxes9903€25,012€34,563▲
Income taxes67/77€14,895€14,343▼
Profit (loss) for the period9904€10,117€20,220▲
Profit (loss) for the period to be appropriated9905€10,117€20,220▲
Appropriation of the result
Profit (loss) to be appropriated9906€420,585€440,805▲
Profit (loss) brought forward from the previous period14P€410,468€420,585▲
Social balance
Average headcount (FTE)908728.825.8▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Non-recurring operating income76A€44,322€59,542--
Remuneration, social security and pensions62€1.4m€1.5m€1.6m▲ 0.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,633€34,843€38,606▲ 10.8%
Other operating charges640/8€521€1,101€2,580▲ 134%
Gross operating margin9900€1.4m€1.6m€1.6m▲ 0.9%
Operating profit (loss)9901€22,651€37,464€33,651▼ 10.2%
Financial income75/76B€6,210€178€10,177▲ 5,612%
Recurring financial income75€6,210€178€10,177▲ 5,612%
Financial charges65/66B€321€12,630€9,265▼ 26.6%
Recurring financial charges65€321€12,630€9,265▼ 26.6%
Profit (loss) for the period before taxes9903€28,540€25,012€34,563▲ 38.2%
Income taxes67/77€12,542€14,895€14,343▼ 3.7%
Profit (loss) for the period9904€15,999€10,117€20,220▲ 99.9%
Profit (loss) for the period to be appropriated9905€15,999€10,117€20,220▲ 99.9%
Line202320242025Change
Assets
Total assets20/58€1.6m€2.0m€1.8m▼ 8.2%
Formation expenses20€4,672€2,822€973▼ 65.5%
Fixed assets21/28€237,996€102,915€140,327▲ 36.4%
Tangible fixed assets22/27€102,665€101,415€138,828▲ 36.9%
Furniture and vehicles24€102,665€101,415€138,828▲ 36.9%
Financial fixed assets28€135,331€1,500€1,500=
Current assets29/58€1.4m€1.9m€1.7m▼ 10.6%
Stocks and contracts in progress3€571,885€606,737€561,676▼ 7.4%
Stocks30/36€571,885€606,737€561,676▼ 7.4%
Amounts receivable within one year40/41€781,448€1.2m€1.1m▼ 9.3%
Trade receivables40€752,766€1.1m€978,065▼ 12.2%
Other amounts receivable41€28,682€58,676€85,655▲ 46.0%
Cash at bank and in hand54/58€5,127€78,461€35,711▼ 54.5%
Equity and liabilities
Total equity and liabilities10/49€1.6m€2.0m€1.8m▼ 8.2%
Equity10/15€445,726€455,843€476,063▲ 4.4%
Contributions10/11€24,351€24,351€24,351=
Reserves13€10,907€10,907€10,907=
Tax-exempt reserves132€341€341€341=
Distributable reserves133€10,565€10,565€10,565=
Profit (loss) carried forward14€410,468€420,585€440,805▲ 4.8%
Amounts payable17/49€1.2m€1.5m€1.3m▼ 12.0%
Amounts payable after more than one year17€193,372€475,421€381,009▼ 19.9%
Financial debts170/4€66,922€64,937€81,009▲ 24.7%
Other amounts payable178/9€126,450€410,483€300,000▼ 26.9%
Amounts payable within one year42/48€962,030€1.0m€945,336▼ 8.4%
Current portion of amounts payable after more than one year42€21,030€32,855--
Financial debts43€100,000€30,000€36,840▲ 22.8%
Credit institutions430/8€100,000€30,000€36,840▲ 22.8%
Trade debts44€559,310€606,333€587,901▼ 3.0%
Suppliers440/4€559,310€606,333€587,901▼ 3.0%
Taxes, remuneration and social security45€281,690€215,126€172,678▼ 19.7%
Taxes450/3€142,765€27,896€26,372▼ 5.5%
Remuneration and social security454/9€138,926€187,230€146,306▼ 21.9%
Other amounts payable47/48-€147,918€147,918=
Line202320242025Change
Profit (loss) for the period9904€15,999€10,117€20,220▲ 99.9%
+ Depreciation and write-downs630€23,633€34,843€38,606▲ 10.8%
Operating cash flow (approximation)€39,631€44,960€58,826▲ 30.8%
Investment in fixed assets (approximation)-€100,237-€76,018▼ 176%
Change in cash-€73,334-€42,750▼ 158%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-06-2027
2026
30-06
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-11
Financial Highest result since 2023net €20,220 ▲99.9%
Net result €20,220, the highest in the series.
10-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 10 days late
2024
30-11
Financial Weakest financial yearnet €10,117 ▼36.8%
Net result drops to €10,117, the lowest in the series; recovery starts the following year.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
183 m²
Building footprint
68 m²
Volume, LiDAR
536 m³
Parcel 21616G0030/00K015, Brussels · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Scenario
Kersbeeklaan 290, 1180 UkkelInvestigation and security activities
since 20232.346.686.059
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21616G0030/00K015 Brussels 183 m² 1 · 68 m² 11.4 m · 3 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ALMALU 100%
  2. Scenario

Highest known parent: ALMALU. The sources do not say who stands above it.

Owners 1

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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,076 companies in sector 46140 we hold annual accounts for 645. 458 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded13-04-2023
Fiscal year end30-11
Activities, NACEBEL 2025
43211General electrical installation work
46140Agents in the wholesale of industrial machinery, ships and aircraft
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
46431Wholesale of electrical household appliances and audio-video equipment
71121Engineering and related technical consultancy, excluding land surveyors
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800714115
Registered 27-03-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.