SCHULZE
ActiveSummary
SCHULZE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.76M and a net result of €3.92M. Equity is shrinking by ~8.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+59
Solvency100▲+81
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days only on tighter terms
Liquidity ample (current ratio 3.69 against 0.0 in 2023; short-term debt: 8.7% and cash: 0% of total assets), and 8.7% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.3%
Return on assets
95.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-12-2025, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
153 d late
2023
58 d late
2022
23 d late
2021
46 d late
2020
153 d late
2019
152 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€3.76M
2023 · €-160k
Total assets
€4.12M▲ 47.4%
2023 · €2.80M
Net result
€3.92M▲ 11,121%
2023 · €35k
Working capital
€967k
2023 · €-2.95M
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
Line20202021202220232024
Operating result€462€-3k€-2k▲ 27.5%€-57▲ 97.2%€-2k▼ 3,717%
Net result€-58k▼ 243%€-15k▲ 74.1%€-16k▼ 5.8%€35k€3.92M▲ 11,121%
Equity€-164k▼ 54.1%€-179k▼ 9.1%€-195k▼ 8.8%€-160k▲ 17.9%€3.76M
Total assets€2.79M=€2.79M▼ 0.1%€2.79M=€2.80M▲ 0.1%€4.12M▲ 47.4%
Debt€2.96M▲ 2.0%€2.97M▲ 0.4%€2.99M▲ 0.5%€2.96M▼ 1.1%€360k▼ 87.8%
Working capital€-2.91M▼ 2.0%€-2.95M€967k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2024 against €57 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.12M
Fixed assets
€2.79M =
Current assets
€1.33M ▲ 69,328%
Equity and liabilities €4.12M
Equity
€3.76M
Debt
€360k
Debt finances 8.7% of the balance-sheet total.
Key figures and ratios
Current ratio
3.69▲
2023 · 0.00
Debt to equity
0.10▲
2023 · -18.44
ROE
104.3%
ROA
95.2%▲
2023 · 1.2%
Debt ≤ 1 year
€360k▼
2023 · €2.96M
Income taxes
€360k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €868 | €868 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €1k | €-2k | €-1k | €903 | €-1k | ▼ 233% |
| Operating profit (loss)9901 | €462 | €-3k | €-2k | €-57 | €-2k | ▼ 3,717% |
| Financial income75/76B | - | - | - | €48k | €4.28M | ▲ 8,782% |
| Recurring financial income75 | - | - | - | €48k | €4.28M | ▲ 8,782% |
| Financial charges65/66B | - | - | - | €842 | €42 | ▼ 95.0% |
| Recurring financial charges65 | €1k | - | - | €842 | €42 | ▼ 95.0% |
| Profit (loss) for the period before taxes9903 | €-625 | €-3k | €-2k | €47k | €4.28M | ▲ 8,946% |
| Income taxes67/77 | €57k | €12k | €14k | €12k | €360k | ▲ 2,807% |
| Profit (loss) for the period9904 | €-58k | €-15k | €-16k | €35k | €3.92M | ▲ 11,121% |
| Profit (loss) for the period to be appropriated9905 | €-58k | €-15k | €-16k | €35k | €3.92M | ▲ 11,121% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.79M | €2.79M | €2.79M | €2.80M | €4.12M | ▲ 47.4% |
| Fixed assets21/28 | €2.79M | €2.79M | €2.79M | €2.79M | €2.79M | = |
| Financial fixed assets28 | €2.79M | €2.79M | €2.79M | €2.79M | €2.79M | = |
| Current assets29/58 | €2k | - | - | €2k | €1.33M | ▲ 69,328% |
| Amounts receivable within one year40/41 | - | - | - | - | €1.33M | - |
| Other amounts receivable41 | - | - | - | - | €1.33M | - |
| Cash at bank and in hand54/58 | €2k | - | - | €2k | €7 | ▼ 99.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.79M | €2.79M | €2.79M | €2.80M | €4.12M | ▲ 47.4% |
| Equity10/15 | €-164k | €-179k | €-195k | €-160k | €3.76M | ▲ 2,446% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €3.70M | ▲ 59,554% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | - | - | - | €3.69M | - |
| Profit (loss) carried forward14 | €-232k | €-247k | €-263k | €-228k | - | - |
| Amounts payable17/49 | €2.96M | €2.97M | €2.99M | €2.96M | €360k | ▼ 87.8% |
| Amounts payable within one year42/48 | €2.91M | €2.92M | €2.94M | €2.96M | €360k | ▼ 87.8% |
| Trade debts44 | €14k | €562 | - | - | - | - |
| Suppliers440/4 | - | €562 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €12k | €12k | €12k | €360k | ▲ 2,808% |
| Taxes450/3 | - | €12k | €12k | €12k | €360k | ▲ 2,808% |
| Other amounts payable47/48 | - | €2.91M | €2.93M | €2.94M | - | - |
| Accrued charges and deferred income492/3 | - | €48k | €48k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-58k | €-15k | €-16k | €35k | €3.92M | ▲ 11,121% |
| Operating cash flow (approximation) | €-58k | €-15k | €-16k | €35k | €3.92M | ▲ 11,121% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | €-2k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 153 days late
2024
31-12
Financial
Highest result since 2018net €3.92M ▲11,121%
Net result €3.92M, the highest in the series.
31-12
Financial
Liquidity times 5700current ratio 3.69
Current ratio from 0.00 to 3.69; short-term debt falls from €2.96M to €360k.
31-12
Financial
Equity above €2MEq €3.76M
2 profitable years in a row build equity to €3.76M.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Back to profitnet €35k
Net result €35k after 5 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
2020
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 177 days late
Show earlier events
2018
27-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 149 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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
6 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, Etterbeek · 1 establishment unit since 2006
Ground area
786 m²
Building footprint
571 m²
Volume, LiDAR
14,974 m³
2 parcels, Brussels · tallest building 34.8 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
-
since 20062.151.549.872
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0423/00Z007 | Brussels | 512 m² | 1 · 359 m² | 34.8 m · 10 fl. |
| 21005A0423/00W004 | Brussels | 274 m² | 1 · 212 m² | 32.9 m · 10 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded22-09-2005
Fiscal year end31-12
Contact
Phone
02/2305961Etterbeek
Scores and ratios are computed by Checked and are not a credit decision.