Equity
Scratch has made a profit in every financial year since 2021.
Scratch has made a profit in every financial year since 2021.
The abbreviated format states no turnover.
Of this, €755,153 falls due within a year.
In 2025, 1 person joined and nobody left.
The 2025 accounts came 27 days late. The other four were filed on time.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 7 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 68, micro). It does better than 28% of them on solvency, 12% on liquidity, 58% on profitability and 66% 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 low class on 30-06-2025, 0.8% 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, 1,251 companies had the same profile as Scratch has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Scratch itself: 0.7% 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 1,251 companies, not a prediction for Scratch. 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 1.17 (1.38 in 2024), below the usual 1.5. Short-term debt is 79.5% and cash 4% of total assets. 93.1% 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 5 accounts on average 7 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Scratch Knokke-Heist | €0.9m | €317,602 | 6.9% | 4.4 |
| JJK Sint-Niklaas | €1.3m | €420,272 | 26.7% | 4.6 |
| EasyDay Group Anderlecht | €0.5m | €319,465 | 6.0% | 5.3 |
| VASTGOED DE PIRAMIDE Diest | €0.7m | €537,153 | 23.8% | 6.5 |
| Invest 4 Future Antwerp | €1.2m | €263,619 | 12.7% | 2.8 |
| Savels-VDB Zuienkerke | €2.3m | €487,799 | 14.6% | 3.8 |
| MINDSET REAL ESTATE Kortrijk | €1.2m | €446,714 | 9.2% | 6.5 |
These companies have the same main activity as Scratch: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €516,000 and €2.3m, founded between 2015 and 2023.
Scratch files the abbreviated format. That format states no turnover. The gross margin rose from €249,852 in 2021 to €317,602 in 2025.
Supernova Ventures holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €560,000. Estimated: probably between €420,000 and €920,000.
Higher than 26% of 11,299 companies in 2025.
Higher than 51% of 10,851 companies in 2025.
Higher than 47% of 11,184 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
949,356 | 741,950 | 1.1m | 1.4m | 640,578 | |
21/28 |
63,910 | 67,368 | 42,863 | 74,924 | 107,534 | |
22/27 |
63,910 | 67,368 | 42,863 | 74,924 | 107,534 | |
23 |
2,688 | 1,530 | 2,858 | 13,140 | 22,876 | |
24 |
5,753 | 4,287 | 12,190 | 22,958 | 33,736 | |
25 |
- | 0 | 817 | 2,050 | 3,284 | |
26 |
55,469 | 61,551 | 26,998 | 36,776 | 47,638 | |
29/58 |
885,446 | 674,583 | 1.0m | 1.3m | 533,044 | |
3 |
- | - | - | 0 | 37,500 | |
37 |
- | - | - | 0 | 37,500 | |
40/41 |
830,155 | 654,174 | 827,316 | 1.3m | 218,743 | |
40 |
830,056 | 653,398 | 827,316 | 1.3m | 210,773 | |
41 |
99 | 776 | 0 | 7,970 | 7,970 | |
54/58 |
38,084 | 14,935 | 127,539 | 17,913 | 275,159 | |
490/1 |
17,207 | 5,474 | 68,837 | 5,191 | 1,643 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
949,356 | 741,950 | 1.1m | 1.4m | 640,578 | |
10/15 |
65,589 | 59,796 | 45,439 | 38,703 | 32,167 | |
10/11 |
20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
13 |
45,589 | 39,796 | 25,439 | 18,703 | 12,167 | |
133 |
45,589 | 39,796 | 25,439 | 18,703 | 12,167 | |
17/49 |
883,767 | 682,154 | 1.0m | 1.3m | 608,410 | |
17 |
0 | 10,106 | 24,358 | 48,959 | 71,833 | |
170/4 |
0 | 10,106 | 24,358 | 48,959 | 71,833 | |
42/48 |
755,153 | 488,074 | 813,258 | 1.3m | 311,578 | |
42 |
10,106 | 14,252 | 24,600 | 24,979 | 24,750 | |
43 |
3,096 | 222 | 0 | 169 | 5 | |
430/8 |
3,096 | 222 | 0 | 169 | 5 | |
44 |
429,920 | 432,145 | 569,928 | 1.1m | 199,830 | |
440/4 |
429,920 | 432,145 | 569,928 | 1.1m | 199,830 | |
45 |
99,251 | 41,456 | 118,729 | 117,765 | 86,992 | |
450/3 |
59,636 | 15,713 | 73,151 | 74,072 | 41,094 | |
454/9 |
39,615 | 25,743 | 45,579 | 43,692 | 45,899 | |
47/48 |
212,780 | 0 | 100,000 | 952 | - | |
492/3 |
128,614 | 183,974 | 183,500 | 0 | 225,000 | |
| Income statement | ||||||
76A |
0 | 1,742 | - | - | - | |
9900 |
317,602 | 284,602 | 383,504 | 429,459 | 249,852 | |
62 |
281,463 | 230,738 | 328,409 | 361,921 | 204,394 | |
630 |
26,638 | 17,527 | 31,965 | 30,572 | 27,662 | |
640/8 |
1,864 | 4,149 | 1,996 | 2,077 | 2,920 | |
66A |
0 | 8,934 | 3,485 | 16,875 | - | |
9901 |
7,637 | 23,254 | 17,650 | 18,014 | 14,876 | |
75/76B |
12,191 | 3,581 | 136 | 17 | 23 | |
75 |
12,191 | 3,581 | 136 | 17 | 23 | |
65/66B |
3,409 | 418 | 1,965 | 1,556 | 1,582 | |
65 |
3,409 | 418 | 1,965 | 1,556 | 1,582 | |
9903 |
16,418 | 26,416 | 15,822 | 16,475 | 13,317 | |
67/77 |
10,625 | 12,059 | 9,086 | 9,939 | 1,149 | |
9904 |
5,793 | 14,357 | 6,736 | 6,536 | 12,167 | |
9905 |
5,793 | 14,357 | 6,736 | 6,536 | 12,167 | |
| Appropriation of the result | ||||||
9906 |
5,793 | 14,357 | 6,736 | 6,536 | 12,167 | |
691/2 |
5,793 | 14,357 | 6,736 | 6,536 | 12,167 | |
6921 |
5,793 | 14,357 | 6,736 | 6,536 | 12,167 | |
| Social balance sheet | ||||||
9087 |
4.4 | 3.8 | 5 | 5.5 | 3.7 | |
Hours worked1013 |
6,842 | 5,112 | 7,151 | 8,945 | 5,741 | |
| Document | ||||||
The notes to these accounts have 18 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 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00433687.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00433687 | |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00293285 | |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00295463 | |
| 31-12-2022 | abbreviated format | 22-06-2023 | 2023-00146258 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20203883 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 34,275 | 40,781 | 49,616 | 48,586 | 42,538 | ||
| 32,431 | 31,884 | 38,701 | 37,107 | 39,829 | ||
| 30,105 | 55,038 | 1,321 | 260 | 132,571 | ||
| 23,149 | -112,604 | 109,626 | -257,245 | - | ||
| 130,292 | 186,508 | 210,434 | 12,738 | 221,466 | ||
| 6.9% | 8.1% | 4.3% | 2.8% | 5.0% | ||
| 1.17 | 1.38 | 1.26 | 1.01 | 1.71 | ||
| 1.17 | 1.38 | 1.26 | 1.01 | 1.59 | ||
| 13.47 | 11.41 | 22.47 | 34.58 | 18.91 | ||
| 8.8% | 24.0% | 14.8% | 16.9% | 37.8% | ||
| 0.6% | 1.9% | 0.6% | 0.5% | 1.9% | ||
| 10.05 | 97.52 | 25.25 | 31.22 | 26.89 |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 4 | 5 | 5 | 6 |
| full-time | 4 | 3 | 4 | 5 | 6 |
| part-time | 1 | 1 | 1 | 0 | 0 |
| in full-time equivalents | 4.8 | 3.8 | 4.8 | 5 | 6 |
| 4.4 | 3.8 | 5 | 5.5 | 3.7 | |
| On a permanent contract | 5 | 3 | 5 | 5 | 6 |
| Joined | 1 | 2 | - | 1 | 6 |
| Left | 0 | 2 | - | 2 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,105 | €55,038 | €1,321 | €260 | €132,571 |
| Intangible fixed assets | - | - | - | - | €0 |
| Financial fixed assets | €0 | - | - | €0 | €0 |
| €26,638 | €17,527 | €31,965 | €30,572 | €27,662 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 67% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total rises from 91.9% to 93.1%. Equity and debt are higher.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2023 accounts of Supernova Ventures. Every holding stands with its own latest accounts.
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 |
|---|---|---|
| 't Walletje 106/9 registered office 8300 Knokke-Heist 23150 Manufacture of other non-metallic mineral products | 20-10-2020 | 2.310.813.380 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0756.784.793
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