Equity
SCHEPENS G has made a profit without a break since 2020.
The dashed line is the sector median: 0.3% across 4,270 companies (NACE 93, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro). It does better than 70% of them on solvency, 86% on liquidity, 61% on profitability and 61% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 34,693 companies had the same profile as SCHEPENS G has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of SCHEPENS G itself: 0.1% within 12 months.
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.
| 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 34,693 companies, not a prediction for SCHEPENS G. 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.
Liquidity is tight, with a current ratio of 1.41 (0.97 in 2024), below the usual 1.5. Short-term debt is 27.1% and cash 37% of total assets. 45.9% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SCHEPENS G Berchem-Sainte-Agathe | €33,935 | €10,812 | 54.1% | - |
| ROYALTY D.C. Brussels | €33,377 | €7,596 | 53.6% | - |
| Medianext Schaerbeek | €55,838 | €12,148 | -80.6% | - |
| CHATEAU THERMES DE CUGNON Bouillon | €36,920 | €7,794 | 60.1% | - |
| ART AVENUE Namur | €36,580 | €5,928 | -47.0% | - |
| STEP-UP Antwerp | €40,870 | €13,783 | 81.6% | - |
| OPEN HUIS OP MAAT Ypres | €24,373 | €6,644 | -137.5% | - |
These companies have the same main activity as SCHEPENS G: other amusement and recreation activities (NACE 93299). They are comparable in size and age: total assets between €24,400 and €55,800, founded between 2006 and 2013.
SCHEPENS G files the micro format. That format states no turnover. The gross margin rose from -€20,629 in 2010 to €10,812 in 2025.
In April 2024, the Official Gazette published the appointment of SCHEPENS Gregory as managing director.
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. The turnover shown is an estimate from the gross margin.
Turnover ≈ €59,000. Estimated: probably between €33,000 and €110,000.
Higher than 70% of 2,880 companies in 2025.
Higher than 61% of 2,765 companies in 2025.
Higher than 57% of 2,789 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
33,935 | 34,884 | 17,184 | 26,153 | 31,809 | 14,199 | 12,818 | 13,098 | 255 | 500 | 181 | 103 | 73 | 339 | 1 | 438 | |
21/28 |
21,008 | 27,302 | 11,226 | 15,353 | 19,588 | 2,976 | 4,583 | 5,473 | - | - | - | - | - | - | - | - | |
22/27 |
21,008 | 27,302 | 11,226 | 15,353 | 19,588 | 2,976 | 4,583 | 5,473 | - | - | - | - | - | - | - | - | |
23 |
1,297 | 1,682 | 283 | 371 | 215 | 429 | 644 | 858 | - | - | - | - | - | - | - | - | |
24 |
19,711 | 25,620 | 10,944 | 14,982 | 19,373 | 2,547 | 3,940 | 4,615 | - | - | - | - | - | - | - | - | |
29/58 |
12,927 | 7,583 | 5,958 | 10,800 | 12,221 | 11,224 | 8,234 | 7,625 | 255 | 500 | 181 | 103 | 73 | 339 | 1 | 438 | |
40/41 |
258 | 2,498 | 1,965 | 307 | 4,478 | 549 | 2,803 | 2,131 | 227 | 500 | 146 | 102 | 73 | 339 | - | 437 | |
40 |
258 | 1,063 | 1,519 | 269 | 4,440 | 549 | 2,803 | 2,131 | - | 336 | 16 | - | - | 309 | - | 436 | |
41 |
- | 1,434 | 446 | 38 | 38 | - | - | - | 227 | 164 | 130 | 102 | 73 | 30 | - | 1 | |
50/53 |
- | - | - | - | - | - | - | - | 28 | - | - | - | - | - | - | - | |
54/58 |
12,572 | 4,971 | 3,803 | 9,346 | 6,663 | 10,168 | 5,431 | 5,494 | - | - | 35 | 1 | 1 | 1 | 1 | 1 | |
490/1 |
97 | 114 | 190 | 1,147 | 1,080 | 507 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
33,935 | 34,884 | 17,184 | 26,153 | 31,809 | 14,199 | 12,818 | 13,098 | 255 | 500 | 181 | 103 | 73 | 339 | 1 | 438 | |
10/15 |
18,369 | 16,515 | 9,682 | 6,877 | 564 | -2,342 | -3,456 | -1,728 | -7,798 | -7,077 | -6,125 | -5,374 | -4,369 | -3,312 | -2,249 | -1,456 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
14 |
-1,631 | -3,485 | -10,318 | -13,123 | -19,436 | -22,342 | -23,456 | -21,728 | -27,798 | -27,077 | -26,125 | -25,374 | -24,369 | -23,312 | -22,249 | -21,456 | |
17/49 |
15,565 | 18,369 | 7,502 | 19,276 | 31,245 | 16,541 | 16,274 | 14,826 | 8,053 | 7,578 | 6,307 | 5,477 | 4,442 | 3,651 | 2,250 | 1,894 | |
17 |
6,369 | 10,583 | - | 4,225 | 9,235 | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
6,369 | 10,583 | - | 4,225 | 9,235 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
9,196 | 7,786 | 7,502 | 15,051 | 22,010 | 16,541 | 16,274 | 14,826 | 8,053 | 7,575 | 6,307 | 5,417 | 4,395 | 3,613 | 2,250 | 1,894 | |
42 |
4,214 | 3,995 | 4,225 | 5,010 | 4,946 | - | - | - | - | - | - | - | - | - | - | - | |
43 |
- | - | - | - | - | - | - | - | - | 123 | - | 1,636 | 1,204 | 862 | 432 | 123 | |
430/8 |
- | - | - | - | - | - | - | - | - | 123 | - | 1,636 | 1,204 | 862 | 432 | 123 | |
44 |
657 | 769 | 742 | 539 | 1,061 | 679 | 646 | 2,262 | - | 307 | 14 | - | 847 | 693 | 493 | - | |
440/4 |
657 | 769 | 742 | 539 | 1,061 | 679 | 646 | 2,262 | - | 307 | 14 | - | 847 | 693 | 493 | - | |
45 |
2,028 | 1,782 | 1,340 | 3,137 | 1,328 | 1,192 | 1,462 | 465 | - | - | - | - | - | - | 47 | - | |
450/3 |
2,028 | 1,782 | 1,340 | 3,137 | 1,328 | 1,192 | 1,462 | 465 | - | - | - | - | - | - | 47 | - | |
47/48 |
2,298 | 1,239 | 1,195 | 6,365 | 14,674 | 14,670 | 14,165 | 12,098 | 8,053 | 7,146 | 6,293 | 3,781 | 2,344 | 2,058 | 1,278 | 1,772 | |
492/3 |
- | - | - | - | - | - | - | - | - | 2 | - | 60 | 47 | 38 | - | - | |
| Income statement | |||||||||||||||||
9900 |
10,812 | 14,279 | 9,127 | 12,366 | 5,944 | 3,517 | 693 | 8,248 | -201 | -434 | -127 | -164 | -153 | -292 | -219 | -20,629 | |
630 |
6,294 | 4,011 | 4,127 | 4,674 | 1,979 | 1,608 | 1,608 | 1,368 | - | - | - | - | - | - | - | - | |
640/8 |
312 | 328 | 276 | 256 | 567 | 504 | 495 | 495 | 360 | 348 | 348 | 437 | 437 | 454 | 348 | 89 | |
9901 |
4,206 | 9,939 | 4,725 | 7,436 | 3,398 | 1,405 | -1,410 | 6,385 | -562 | -782 | -475 | -601 | -589 | -747 | -567 | -20,718 | |
75/76B |
- | 1 | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 10 | |
75 |
- | 1 | - | - | - | - | - | - | - | - | - | - | - | 0 | - | 10 | |
65/66B |
824 | 642 | 205 | 266 | 297 | 80 | 66 | 39 | 159 | 170 | 277 | 405 | 468 | 316 | 226 | 747 | |
65 |
824 | 642 | 205 | 266 | 297 | 80 | 66 | 39 | 159 | 170 | 277 | 405 | 468 | 316 | 226 | 747 | |
9903 |
3,382 | 9,299 | 4,519 | 7,171 | 3,101 | 1,325 | -1,475 | 6,346 | -720 | -952 | -751 | -1,005 | -1,057 | -1,062 | -793 | -21,455 | |
67/77 |
1,527 | 2,466 | 1,714 | 857 | 195 | 212 | 252 | 277 | - | - | - | - | - | - | - | 2 | |
9904 |
1,854 | 6,833 | 2,805 | 6,314 | 2,906 | 1,114 | -1,727 | 6,069 | -720 | -952 | -751 | -1,005 | -1,057 | -1,062 | -793 | -21,456 | |
9905 |
1,854 | 6,833 | 2,805 | 6,314 | 2,906 | 1,114 | -1,727 | 6,069 | -720 | -952 | -751 | -1,005 | -1,057 | -1,062 | -793 | -21,456 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-1,631 | -3,485 | -10,318 | -13,123 | -19,436 | -22,342 | -23,456 | -21,728 | -27,798 | -27,077 | -26,125 | -25,374 | -24,369 | -23,312 | -22,249 | -21,456 | |
14P |
-3,485 | -10,318 | -13,123 | -19,436 | -22,342 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 5 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 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00245041 | |
| 31-12-2024 | micro format | 13-06-2025 | 2025-00148300 | |
| 31-12-2023 | micro format | 10-08-2024 | 2024-00342274 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00290735 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20151099 | |
| 31-12-2020 | micro format | 20-08-2021 | 2021-50900532 | |
| 31-12-2019 | micro format | 10-11-2020 | 2020-70800578 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54200330 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49500243 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-57700490 | |
| 31-12-2015 | full format | 25-08-2016 | 2016-49900407 | |
| 31-12-2014 | full format | 12-08-2015 | 2015-42800472 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-51300370 | |
| 31-12-2012 | full format | 12-09-2013 | 2013-58100362 | |
| 31-12-2011 | full format | 31-08-2012 | 2012-55100463 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-46900379 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,500 | 13,951 | 8,851 | 12,110 | 5,377 | 3,013 | 198 | 7,753 | - | - | - | - | - | - | - | - | ||
| 8,148 | 10,844 | 6,932 | 10,988 | 4,885 | 2,721 | -120 | 7,437 | - | - | - | - | - | - | - | - | ||
| 0 | 31,030 | 0 | 439 | 20,194 | 0 | 718 | 6,841 | - | - | - | - | - | - | - | 9,188 | ||
| 7,601 | 1,168 | -5,544 | 2,683 | -3,505 | 4,737 | -63 | - | - | - | 35 | 0 | 0 | 0 | 0 | - | ||
| 3,731 | -203 | -1,544 | -4,251 | -9,789 | -5,318 | -8,039 | -7,201 | -7,798 | -7,075 | -6,125 | -5,314 | -4,321 | -3,274 | -2,249 | -1,456 | ||
| 54.1% | 47.3% | 56.3% | 26.3% | 1.8% | -16.5% | -27.0% | -13.2% | - | - | - | - | - | - | - | - | ||
| 1.41 | 0.97 | 0.79 | 0.72 | 0.56 | 0.68 | 0.51 | 0.51 | - | - | - | - | - | - | - | - | ||
| 0.85 | 1.11 | 0.77 | 2.80 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 10.1% | 41.4% | 29.0% | 91.8% | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 5.5% | 19.6% | 16.3% | 24.1% | 9.1% | 7.8% | -13.5% | 46.3% | - | - | - | - | - | - | - | - | ||
| 12.74 | 21.75 | 43.11 | 45.61 | 18.08 | - | - | - | - | - | - | - | - | - | - | - |
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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €31,030 | - | €439 | €20,194 |
| €6,294 | €4,011 | €4,127 | €4,674 | €1,979 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 58% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 52.7% to 45.9%. Equity is higher and debt is lower.
SCHEPENS G has no parent and no holdings in its annual accounts. SCHEPENS Gregory is the only director. SCHEPENS G shares no director with another company.
| MEDAO
registered office since 30-12-2024 · founded in 2024 |
total assets €116,328 (2025) 1018.046.474 |
| LD1140
registered office since 17-11-2020 · founded in 2020 · negative equity (2025) |
total assets €607 (2025) 0758.492.389 |
| Neok
registered office since 01-09-2026 |
founded in 2026 1040.049.341 |
| Manzanza Manzoa, (sole trader)
establishment since 30-05-2012 |
founded in 2012 0846.225.723 |
| Soetaert, Thierry (sole trader)
establishment since 02-09-1991 |
founded in 1991 0850.901.816 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| de Selliers de Moranvillelaan 84 registered office 1082 Berchem-Sainte-Agathe | 06-03-2009 | 2.176.562.709 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21003A0164/00P006 | 535 m² | 1 · 474 m² | 15.5 m · 1 |
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