Settle
ActiveSummary
Settle has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,049 and a net result of -€17,790. Equity has been shrinking by about 15% per year since 2019. If that trend continues, it turns negative around financial year 2026. Its solvency ranks better than 24% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-03-2017 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.263.516.081 9080 Lochristi, since 10-03-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 29-03-2025
Board and ownership
- InfiniusDirector · since 20-09-2018 · permanent representative Jonas Dhaenens
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €7,420
- ▼ 95.5%
- Turnover
- ≈ €31,000
- estimated
- Loss
- €17,790
- Equity
- €30,049
- ▼ 37.2%
- Total assets
- €591,136
- ▼ 4.9%
Score breakdownraises riskLiquidity: current ratio 1.08, cash €4,193, halvedEquity €30,049 (5.1% of total assets)lowers riskSize: total assets €591,136Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 26% of them on solvency, 4% on liquidity, 26% on profitability and 15% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 64 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.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-04-2026 PDF all 8 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 97% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,680 | - | - | - |
| Depreciation and write-downs of the year | €987 | €987 | €0 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €987 | €987 | €987 | €987 | €987 | €0 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €15,100 | €1,500 | ▼ 90.1% |
| Other operating charges640/8 | - | - | - | €2,823 | €1,092 | €3,248 | €1,473 | ▼ 54.7% |
| Non-recurring operating charges66A | - | - | - | €3,243 | €0 | - | - | - |
| Gross operating margin9900 | €200,792 | €100,808 | €145,356 | €48,414 | -€226,541 | €165,278 | €7,420 | ▼ 95.5% |
| Operating profit (loss)9901 | €199,122 | €97,722 | €131,673 | €41,362 | -€228,620 | €146,930 | €4,447 | ▼ 97.0% |
| Financial income75/76B | - | - | - | €6,914 | €0 | - | - | - |
| Recurring financial income75 | €22,093 | €18,956 | €11,289 | €6,914 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €40,424 | €53,535 | €42,765 | €22,238 | ▼ 48.0% |
| Recurring financial charges65 | €78,717 | €87,810 | €74,645 | €40,424 | €53,535 | €42,765 | €22,238 | ▼ 48.0% |
| Profit (loss) for the period before taxes9903 | €145,966 | €28,868 | €68,317 | €7,851 | -€282,154 | €104,165 | -€17,790 | - |
| Income taxes67/77 | €42,121 | €8,472 | €18,897 | €2,038 | €0 | - | - | - |
| Profit (loss) for the period9904 | €103,845 | €20,396 | €49,419 | €5,814 | -€282,154 | €104,165 | -€17,790 | - |
| Profit (loss) for the period to be appropriated9905 | €103,845 | €20,396 | €49,419 | €5,814 | -€282,154 | €104,165 | -€17,790 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €4.2m | €4.1m | €2.5m | €1.7m | €1.2m | €0.6m | €0.6m | ▼ 4.9% |
| Fixed assets21/28 | €0.004m | €0.003m | €0.002m | €0.001m | €0 | - | - | - |
| Tangible fixed assets22/27 | €0.004m | €0.003m | €0.002m | €0.001m | €0 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €0 | - | - | - |
| Current assets29/58 | €4.2m | €4.1m | €2.5m | €1.7m | €1.2m | €0.6m | €0.6m | ▼ 4.9% |
| Stocks and contracts in progress3 | €3.6m | €2.7m | €1.6m | €1.2m | €1.1m | €0.6m | €0.6m | ▼ 2.0% |
| Stocks30/36 | - | - | - | €1.2m | €1.1m | €0.6m | €0.6m | ▼ 2.0% |
| Amounts receivable within one year40/41 | €0.1m | €1.2m | €0.09m | €0.5m | €0.06m | €0.04m | €0.03m | ▼ 27.2% |
| Trade receivables40 | - | - | - | €0.5m | €0.04m | €0.03m | €0.03m | ▼ 26.4% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.02m | €488 | €50 | ▼ 89.7% |
| Cash at bank and in hand54/58 | €0.6m | €0.2m | €0.8m | €0.03m | €0.02m | €0.01m | €0.004m | ▼ 68.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 24.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €4.2m | €4.1m | €2.5m | €1.7m | €1.2m | €0.6m | €0.6m | ▼ 4.9% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.3m | -€0.004m | €0.05m | €0.03m | ▼ 37.2% |
| Contributions10/11 | €0.02m | - | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - |
| Distributable reserves133 | - | - | - | - | - | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.3m | €0.3m | -€0.02m | €0.03m | €0.01m | ▼ 65.0% |
| Amounts payable17/49 | €4.0m | €3.9m | €2.3m | €1.5m | €1.2m | €0.6m | €0.6m | ▼ 2.2% |
| Amounts payable within one year42/48 | €4.0m | €3.8m | €2.2m | €1.4m | €1.2m | €0.6m | €0.5m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.7m | €0.7m | €0 | - | - |
| Trade debts44 | €0.8m | €0.4m | €0.4m | €0.4m | €0.05m | €0.06m | €0.06m | ▼ 0.1% |
| Suppliers440/4 | - | - | - | €0.4m | €0.05m | €0.06m | €0.06m | ▼ 0.1% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | €0 | - | €0.009m | - |
| Taxes450/3 | - | - | - | €0.001m | €0 | - | €0.009m | - |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | €0.05m | €0.02m | €0.01m | €0.01m | ▲ 31.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,845 | €20,396 | €49,419 | €5,814 | -€282,154 | €104,165 | -€17,790 | - |
| + Depreciation and write-downs630 | €987 | €987 | €987 | €987 | €987 | €0 | - | - |
| Operating cash flow (approximation) | €104,832 | €21,382 | €50,406 | €6,800 | -€281,168 | €104,165 | -€17,790 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - | - | - |
| Change in cash | - | -€350,192 | €573,623 | -€761,600 | -€17,869 | -€2,894 | -€8,977 | ▼ 210% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 819 companies had the same profile as Settle has now. Two years later, 94.7% were still going and 1.8% had gone bankrupt.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Settle itself is lower: 0.3% within 12 months. It rests on far more data about Settle than the profile alone.
Test of the method
The method was tested on the 497,446 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 819 companies, not a prediction for Settle. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 09-04-2026 | 2026-00075987 | |
| 30-09-2024 | abbreviated format | 03-12-2024 | 2024-00610134 | |
| 30-09-2023 | abbreviated format | 21-12-2023 | 2023-00534305 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00075658 | |
| 30-09-2021 | abbreviated format | 08-12-2021 | 2021-79700014 | |
| 30-09-2020 | abbreviated format | 12-04-2021 | 2021-10200599 | |
| 30-09-2019 | abbreviated format | 14-05-2020 | 2020-12200222 | |
| 30-09-2018 | abbreviated format | 03-04-2019 | 2019-09200406 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Capital transactions
- 10-01-2024 Capital stated in the deed · 186 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Infinius |
|
| HenkVanLaere |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal, duur en bij meerdere bestuurders bevoegdheid, één of meer bestuurders, natuurlijke personen of…”
Articles of association, deed of 10-01-2024 (in Dutch)
Network & group
Companies at the same address
6 other companies- GRASLEI 15 Registered office · since 2020 0745807957
- URBAN PLAN Registered office · since 2016 0653902635
- Port Office Park Registered office · since 2012 0501864934
- Jonas Dhaenens Registered office · since 2009 0761480880
- Infinius Registered office · since 2004 0869801473
- KORENMARKT 16 Registered office · since 1987 0432035129
Connections & network
8 connected companiesShow 4 more companies with a shared director
Timeline
Acts, filings and financial milestones
10-01
Gazette deed
Change of role: INFINIUS, from manager to directorPermanent representative: Jonas Dhaenens · Amendment of the articles · Capital conversion11 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “werkelijk gestort kapitaal en wettelijke reserve van rechtswege omgezet in statutair onbeschikbare eigen vermogensrekening, artikel 39, §2, tweede lid, wet van…” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, statutair onbeschikbare eigen vermogensrekening opheffen” (deed in Dutch)
- Capital
- Director resignation, INFINIUS (manager)
- Permanent representative, Jonas Dhaenens
- Board rule, 1, “algemene vergadering” (deed in Dutch)
- Director discharge, INFINIUS
- Director appointment, INFINIUS (director (not named in the articles))
- Registered office clause, “9080 Lochristi, Dekenijstraat 36” (deed in Dutch)
- Power of attorney
24-10
Gazette deed
Resignation: HenkVanLaere (director)Permanent representative: JonasDhaenens · Registered-office move6 points ▸
- General meeting, 17-03-2022
- Director resignation, HenkVanLaere (director)
- Board meeting, 26-08-2022
- Registered-office move, Dekenijstraat36,9080Lochristi
- Permanent representative, JonasDhaenens (vastevertegenwoordiger)
- Director in office, INFINIUS (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
4 activities
- Het bouwen en verbouwen, huren en verhuren, kopen en verkopen van woningen, gebouwen en gronden
- Zij kan eveneens alle aannemingswerken aan onroerende goederen uitvoeren of laten uitvoeren, zowel voor zichzelf of voor derden
- Zij kan eveneens optreden als bouwpromotor
- Het verlenen van diensten en adviezen aan personen en bedrijven, in het bijzonder met betrekking tot het bedrijfsbeheer en onroerend goed, en al wat daarmee rechtstreeks of onrechtstreeks verband houdt, inclusief management en bemiddeling
Invoicing and payment
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 0672.582.162
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44034C0355/00E000 | Flanders | 2,106 m² | 1 · 325 m² | 11.5 m |