Equity
Equity fell by 49% in 4 years.
Equity fell by 49% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Short-term debts rose from €14,224 to €15,795.
Six of the last ten came late. The 2017 accounts came latest: 150 days after the end of the period.
Merger with SHARED VALUE(S). Merger on 30-09-2024.
Lower net result than 84% of companies in head offices and management consultancy. Sector median €53,814 · 3,870 companies.
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
About 5 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 70, micro). It does better than 86% of them on solvency, 52% on liquidity, 4% on profitability and 16% on growth.
The bankruptcy probability was computed on 06-11-2026 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, 5,831 companies had the same profile as SHARED VALUE(S) has now. Each dot stands for 15 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SHARED VALUE(S) itself: 0.5% 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 5,831 companies, not a prediction for SHARED VALUE(S). 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 ample, with a current ratio of 1.94 (5.02 in 2024), above the usual 1.5. Short-term debt is 18.9% and cash 12.5% of total assets. 18.9% 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 4 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Shares in 1 company, SHARED VALUE(S)
Board & ownership| Company | ||||
|---|---|---|---|---|
| SHARED VALUE(S) La Bruyère | €83,640 | -€22,441 | 81.1% | - |
| WINOVA Namur | €100,676 | €827 | 87.5% | - |
| STECAMO Deinze | €83,965 | -€12,803 | 99.3% | 0 |
| J.S. QUALITY CONSULT Theux | €82,959 | -€13,539 | 98.0% | - |
| ARA.COM Lasne | €89,287 | -€36,435 | 50.9% | - |
| A.D. CONSULT Oosterzele | €88,587 | -€6,771 | 98.3% | - |
| TARAHUMARA Ghent | €77,153 | €112 | -39.5% | - |
These companies have the same main activity as SHARED VALUE(S): business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €77,200 and €101,000, founded between 1993 and 1997.
Solvency fell in 2025 from 88.3% to 81.1% because of the loss and higher debts to suppliers.
In October 2024, four directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover: not included in this filing.
Higher than 75% of 3,871 companies in 2025.
Higher than 61% of 3,725 companies in 2025.
Lower than 95% of 3,847 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
83,640 | 121,291 | 163,385 | 187,070 | 228,621 | 254,752 | 192,305 | 183,142 | 184,746 | 206,257 | 228,377 | 175,905 | 200,973 | 174,123 | 138,720 | 127,422 | 158,599 | 109,924 | 118,119 | 125,764 | |
21/28 |
53,071 | 49,871 | 68,222 | 93,610 | 195,857 | 201,982 | 153,441 | 143,303 | 155,136 | 182,235 | 166,506 | 74,623 | 50,464 | 56,586 | 62,208 | 65,745 | 63,269 | 64,242 | 67,256 | 74,220 | |
21 |
7,344 | 9,792 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
38,197 | 32,549 | 45,474 | 53,429 | 51,387 | 57,511 | 59,013 | 48,875 | 52,293 | 79,392 | 108,050 | 74,498 | 50,339 | 56,461 | 62,083 | 65,620 | 63,144 | 64,117 | 67,156 | 74,120 | |
22 |
22,969 | 27,439 | 34,426 | 41,414 | 26,818 | 20,389 | 24,244 | 25,600 | 29,205 | 32,811 | 36,416 | 40,022 | 43,628 | 47,234 | 50,840 | 54,446 | 58,052 | 61,658 | 65,264 | 68,869 | |
23 |
- | - | - | - | - | - | 0 | - | 0 | 1,342 | 2,685 | - | 283 | 1,409 | 2,035 | 788 | 381 | 549 | 1,654 | 2,759 | |
24 |
15,228 | 5,110 | 7,348 | 5,542 | 8,930 | 12,317 | 3,750 | 6,116 | 1,894 | 5,847 | 9,558 | 9,847 | - | 202 | 404 | 606 | - | - | - | - | |
25 |
- | - | 0 | 0 | 5,851 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | 0 | 3,700 | 6,473 | 9,788 | 13,103 | 13,465 | 17,160 | 21,194 | 39,391 | 59,391 | 24,630 | 6,429 | 7,617 | 8,805 | 9,781 | 4,711 | 1,911 | 238 | 2,492 | |
28 |
7,530 | 7,530 | 22,747 | 40,181 | 144,471 | 144,471 | 94,428 | 94,428 | 102,843 | 102,843 | 58,456 | 125 | 125 | 125 | 125 | 125 | 125 | 125 | 100 | 100 | |
29/58 |
30,569 | 71,420 | 95,163 | 93,460 | 32,763 | 52,770 | 38,864 | 39,839 | 29,610 | 24,023 | 61,871 | 101,282 | 150,509 | 117,537 | 76,512 | 61,677 | 95,330 | 45,682 | 50,863 | 51,544 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | 2,035 | - | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | 2,035 | - | - | |
40/41 |
14,633 | 25,678 | 59,236 | 3,275 | 11,299 | 11,631 | 4,730 | 34,065 | 26,859 | 19,741 | 59,185 | 97,040 | 149,947 | 111,734 | 47,849 | 54,703 | 38,041 | 30,398 | 48,090 | 46,406 | |
40 |
14,633 | 25,521 | 58,541 | 3,275 | 11,299 | 11,631 | 3,808 | 14,065 | 26,834 | 19,741 | 14,545 | 5,945 | 28,446 | 8,221 | 270 | 19,886 | 28,103 | 27,522 | 48,090 | 45,006 | |
41 |
0 | 157 | 695 | - | 0 | - | 921 | 20,000 | 25 | - | 44,640 | 91,095 | 121,501 | 103,512 | 47,579 | 34,817 | 9,939 | 2,876 | - | 1,400 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | - | - | |
54/58 |
10,445 | 41,618 | 27,410 | 82,338 | 13,600 | 33,030 | 30,870 | 2,422 | 387 | 3,178 | 1,614 | 3,661 | - | 4,978 | 28,162 | 5,982 | 41,752 | 2,791 | 2,340 | 4,727 | |
490/1 |
5,491 | 4,124 | 8,517 | 7,847 | 7,864 | 8,110 | 3,265 | 3,351 | 2,364 | 1,103 | 1,071 | 581 | 562 | 826 | 501 | 992 | 13,037 | 458 | 433 | 412 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
83,640 | 121,291 | 163,385 | 187,070 | 228,621 | 254,752 | 192,305 | 183,142 | 184,746 | 206,257 | 228,377 | 175,905 | 200,973 | 174,123 | 138,720 | 127,422 | 158,599 | 109,924 | 118,119 | 125,764 | |
10/15 |
67,844 | 107,067 | 115,151 | 126,394 | 131,914 | 119,165 | 106,866 | 98,869 | 97,982 | 106,274 | 113,355 | 100,536 | 97,460 | 81,500 | 69,916 | 61,029 | 51,041 | 45,731 | 40,086 | 36,893 | |
10/11 |
62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | |
10 |
62,095 | 62,095 | 62,095 | 62,095 | 62,095 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | 62,095 | |
13 |
6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 1,624 | 624 | 124 | 124 | 124 | 124 | 124 | |
130/1 |
6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 6,210 | 1,624 | 624 | 124 | 124 | 124 | 124 | 124 | |
14 |
-460 | 38,763 | 46,847 | 58,090 | 63,610 | 50,860 | 38,561 | 30,564 | 29,678 | 37,970 | 45,051 | 32,231 | 29,155 | 17,781 | 7,197 | -1,190 | -11,178 | -16,488 | -22,133 | -25,326 | |
17/49 |
15,795 | 14,224 | 48,234 | 60,676 | 96,706 | 135,588 | 85,439 | 84,273 | 86,764 | 99,983 | 115,021 | 75,370 | 103,514 | 92,623 | 68,804 | 66,393 | 107,558 | 64,193 | 78,032 | 88,872 | |
17 |
- | - | - | 0 | 3,416 | 7,425 | 11,337 | - | - | - | 0 | 7,316 | 31,986 | 47,527 | 29,728 | 36,141 | 42,645 | 48,787 | 54,212 | 58,730 | |
170/4 |
- | - | - | 0 | 3,416 | 7,425 | 11,337 | - | - | - | 0 | 7,316 | 31,986 | 47,527 | 29,728 | 36,141 | 42,645 | 48,787 | 54,212 | 58,730 | |
42/48 |
15,795 | 14,224 | 48,186 | 60,676 | 93,249 | 122,407 | 69,386 | 83,407 | 86,752 | 99,969 | 115,021 | 68,053 | 71,528 | 45,096 | 39,076 | 30,252 | 64,913 | 15,406 | 23,820 | 30,142 | |
42 |
- | - | 0 | 3,416 | 4,009 | 3,913 | 3,819 | - | - | - | 8,185 | 7,620 | 16,134 | 13,341 | 6,394 | 6,791 | 5,786 | 5,097 | 4,808 | 4,770 | |
43 |
- | - | - | - | - | - | - | 0 | 925 | 2,754 | - | - | 7,268 | - | - | - | 1,230 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 925 | 2,754 | - | - | 7,268 | - | - | - | 1,230 | - | - | - | |
44 |
8,467 | 6,643 | 4,747 | 8,940 | 5,463 | 4,822 | 6,266 | 13,150 | 6,633 | 2,212 | 7,679 | 32,028 | 35,701 | 16,145 | 24,204 | 12,509 | 44,237 | 3,906 | 3,428 | 6,314 | |
440/4 |
8,467 | 6,643 | 4,747 | 8,940 | 5,463 | 4,822 | 6,266 | 13,150 | 6,633 | 2,212 | 7,679 | 32,028 | 35,701 | 16,145 | 24,204 | 12,509 | 44,237 | 3,906 | 3,428 | 6,314 | |
45 |
2,128 | 731 | 15,315 | 7,983 | 11,132 | 17,393 | 8,241 | 13,704 | 7,074 | 16,453 | 23,865 | 8,920 | 6,250 | 9,436 | 8,478 | 10,953 | 13,660 | 5,615 | 2,522 | 11,751 | |
450/3 |
2,128 | 731 | 15,315 | 7,983 | 11,132 | 15,377 | 8,241 | 13,704 | 7,074 | 16,453 | 12,832 | 4,943 | 6,250 | 9,436 | 7,615 | 9,439 | 7,390 | 5,615 | 2,522 | 4,580 | |
454/9 |
- | - | - | - | 0 | 2,016 | - | - | 0 | - | 11,033 | 3,977 | - | - | 863 | 1,514 | 6,270 | - | - | 7,171 | |
47/48 |
5,200 | 6,849 | 28,125 | 40,338 | 72,645 | 96,279 | 51,061 | 56,554 | 72,119 | 78,549 | 75,291 | 19,485 | 6,174 | 6,174 | - | - | - | 788 | 13,062 | 7,308 | |
492/3 |
- | 0 | 48 | 0 | 41 | 5,756 | 4,716 | 866 | 13 | 14 | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 185,024 | 138,636 | 87,800 | 73,095 | |
76A |
0 | 6,362 | 538 | - | 1,691 | 731 | - | 284 | 7,117 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-22,441 | 17,512 | 11,975 | 17,794 | 54,614 | 45,264 | 36,642 | 18,289 | 57,593 | 28,380 | 50,620 | 18,876 | 33,558 | 50,018 | 24,362 | 31,888 | 19,033 | 22,700 | 29,474 | 51,190 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 176,656 | 125,286 | 69,167 | 32,077 | |
62 |
- | - | 0 | 385 | 12,905 | 4,117 | - | - | - | - | - | - | - | - | - | 6,875 | - | - | - | 20,899 | |
630 |
13,047 | 13,233 | 12,519 | 18,220 | 17,180 | 16,106 | 15,768 | 10,877 | 29,695 | 29,605 | 29,290 | 10,514 | 6,122 | 6,472 | 6,337 | 5,672 | 4,629 | 5,580 | 7,376 | 7,994 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,500 | 8,405 | |
640/8 |
2,361 | 2,480 | 2,560 | 2,666 | 2,693 | 2,572 | 3,521 | 2,049 | 27,508 | 2,891 | 2,493 | 2,487 | 2,893 | 3,841 | 2,582 | 2,660 | 2,055 | 1,445 | 1,318 | 6,252 | |
66A |
- | 3,700 | 5,269 | - | - | - | - | - | - | - | - | - | - | 19,761 | - | - | - | - | - | - | |
9901 |
-37,849 | -1,901 | -8,373 | -3,477 | 21,835 | 22,469 | 17,354 | 5,363 | 391 | -4,116 | 18,838 | 5,876 | 24,544 | 39,706 | 15,443 | 16,681 | 12,349 | 15,675 | 8,279 | 7,640 | |
75/76B |
58 | 84 | 405 | 2,710 | 2 | 0 | 0 | 1,187 | 0 | - | - | 920 | 2,903 | 1,768 | 271 | 279 | 362 | 6 | 19 | 15 | |
75 |
58 | 84 | 405 | 2,710 | 2 | 0 | 0 | 1,187 | 0 | - | - | 920 | 2,903 | 1,768 | 271 | 279 | 362 | 6 | 19 | 15 | |
65/66B |
1,062 | 5,958 | 506 | 469 | 1,131 | 1,432 | 1,177 | 1,300 | 1,434 | 2,688 | 1,199 | 3,026 | 4,231 | 5,720 | 3,189 | 3,004 | 4,567 | 5,860 | 4,377 | 6,259 | |
65 |
1,062 | 5,958 | 506 | 469 | 1,131 | 1,432 | 1,177 | 1,300 | 1,434 | 2,688 | 1,199 | 3,026 | 4,231 | 5,720 | 3,189 | 3,004 | 4,567 | 5,860 | 4,377 | 6,259 | |
9903 |
-38,852 | -7,775 | -8,475 | -1,236 | 20,706 | 21,037 | 16,176 | 5,250 | -1,043 | -6,804 | 17,639 | 3,769 | 23,216 | 15,993 | 12,525 | 13,956 | 8,143 | 9,820 | 3,922 | 1,395 | |
67/77 |
371 | 309 | 2,768 | 4,284 | 7,957 | 8,738 | 8,179 | 4,364 | 7,250 | 277 | 4,819 | 694 | 7,257 | 4,409 | 3,638 | 3,968 | 2,833 | 4,176 | 728 | 2,706 | |
9904 |
-39,223 | -8,084 | -11,243 | -5,520 | 12,749 | 12,299 | 7,997 | 887 | -8,292 | -7,081 | 12,820 | 3,076 | 15,960 | 11,584 | 8,887 | 9,987 | 5,310 | 5,645 | 3,194 | -1,310 | |
9905 |
-39,223 | -8,084 | -11,243 | -5,520 | 12,749 | 12,299 | 7,997 | 887 | -8,292 | -7,081 | 12,820 | 3,076 | 15,960 | 11,584 | 8,887 | 9,987 | 5,310 | 5,645 | 3,194 | -1,310 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-460 | 38,763 | 46,847 | 58,090 | 63,610 | 50,860 | 38,561 | 30,564 | 29,678 | 37,970 | 45,051 | 32,231 | 33,741 | 18,781 | 7,697 | -1,190 | -11,178 | -16,488 | -22,133 | -25,326 | |
14P |
38,763 | 46,847 | 58,090 | 63,610 | 50,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,586 | 1,000 | 500 | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 4,586 | 1,000 | 500 | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | 0 | 0.3 | 1 | - | - | - | - | - | - | - | - | - | 0.2 | - | - | - | 0.7 | |
Hours worked1013 |
- | - | - | - | 676 | 216 | - | - | - | - | - | - | - | - | - | 326 | - | - | - | 1,160 | |
| Document | |||||||||||||||||||||
The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 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 15-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-07-2026 | 2026-00301302 | |
| 31-12-2024 | full format | 28-08-2025 | 2025-00427007 | |
| 31-12-2023 | full format | 18-06-2024 | 2024-00146938 | |
| 31-12-2022 | full format | 20-06-2023 | 2023-00159411 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20377055 | |
| 31-12-2020 | full format | 05-07-2021 | 2021-32900489 | |
| 31-12-2019 | micro format | 02-11-2020 | 2020-69100084 | |
| 31-12-2018 | micro format | 14-10-2019 | 2019-70700253 | |
| 31-12-2017 | micro format | 28-12-2018 | 2018-76300004 | |
| 31-12-2016 | micro format | 29-09-2017 | 2017-65300402 | |
| 31-12-2015 | full format | 22-08-2016 | 2016-49700430 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-51400190 | |
| 31-12-2013 | full format | 26-08-2014 | 2014-46900444 | |
| 31-12-2012 | full format | 27-08-2013 | 2013-48100425 | |
| 31-12-2011 | full format | 21-08-2012 | 2012-44000096 | |
| 31-12-2010 | full format | 15-08-2011 | 2011-40400158 | |
| 31-12-2009 | full format | 24-08-2010 | 2010-44200104 | |
| 31-12-2008 | full format | 17-08-2009 | 2009-58500126 | |
| 31-12-2007 | full format | 13-03-2009 | 2009-07500013 | |
| 31-12-2006 | full format | 14-09-2007 | 2007-72200149 | |
| 31-12-2005 | full format | 29-12-2006 | 2006-94100904 | |
| 31-12-2004 | full format | 07-12-2005 | 2005-88603482 | |
| 31-12-2003 | full format | 03-12-2004 | 2004-83102243 | |
| 31-12-2002 | full format | 25-09-2003 | 2003-68804644 | |
| 31-12-2001 | full format | 03-10-2002 | 2002-62403288 | |
| 31-12-2000 | full format | 28-12-2001 | 2001-78704391 | |
| 31-12-1999 | full format | 05-10-2000 | 2000-62000099 | |
| 31-12-1998 | full format | 26-11-1999 | 1999-60601146 | |
| 31-12-1997 | full format | 05-11-1998 | 1998-55901364 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -24,802 | 11,332 | 4,146 | 14,743 | 39,015 | 38,575 | 33,121 | 16,240 | 30,086 | 25,489 | 48,128 | 16,390 | 30,666 | 46,178 | 21,780 | 22,353 | 16,978 | 21,255 | 15,656 | 15,634 | ||
| -26,176 | 5,149 | 1,276 | 12,700 | 29,929 | 28,405 | 23,765 | 11,764 | 21,403 | 22,524 | 42,110 | 13,590 | 22,082 | 18,056 | 15,224 | 15,660 | 9,939 | 11,225 | 10,570 | 6,684 | ||
| 16,247 | 16,304 | 22,286 | 20,263 | 11,056 | 64,648 | 25,905 | 7,459 | 11,352 | 45,334 | 121,172 | 34,673 | 0 | 850 | 2,800 | 8,148 | 3,656 | 2,566 | 412 | 4,138 | ||
| -31,173 | 14,208 | -54,928 | 68,738 | -19,430 | 2,160 | 28,448 | 2,035 | -2,791 | 1,564 | -2,047 | - | - | -23,184 | 22,180 | -35,770 | 38,961 | 451 | -2,387 | - | ||
| 14,773 | 57,196 | 46,977 | 32,784 | -60,486 | -69,636 | -30,521 | -43,569 | -57,141 | -75,946 | -53,151 | 33,228 | 78,982 | 72,441 | 37,436 | 31,425 | 30,418 | 30,276 | 27,043 | 21,402 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.7% | 11.3% | 9.4% | 10.5% | ||
| 81.1% | 88.3% | 70.5% | 67.6% | 57.7% | 46.8% | 55.6% | 54.0% | 53.0% | 51.5% | 49.6% | 57.2% | 48.5% | 46.8% | 50.4% | 47.9% | 32.2% | 41.6% | 33.9% | 29.3% | ||
| 1.94 | 5.02 | 1.97 | 1.54 | 0.35 | 0.43 | 0.56 | 0.48 | 0.34 | 0.24 | 0.54 | 1.49 | 2.10 | 2.61 | 1.96 | 2.04 | 1.47 | 2.97 | 2.14 | 1.71 | ||
| 1.94 | 5.02 | 1.97 | 1.54 | 0.35 | 0.43 | 0.56 | 0.48 | 0.34 | 0.24 | 0.54 | 1.49 | 2.10 | 2.61 | 1.96 | 2.04 | 1.43 | 2.83 | 2.14 | 1.71 | ||
| 0.23 | 0.13 | 0.42 | 0.48 | 0.73 | 1.14 | 0.80 | 0.85 | 0.89 | 0.94 | 1.01 | 0.75 | 1.06 | 1.14 | 0.98 | 1.09 | 2.11 | 1.40 | 1.95 | 2.41 | ||
| -57.8% | -7.6% | -9.8% | -4.4% | 9.7% | 10.3% | 7.5% | 0.9% | -8.5% | -6.7% | 11.3% | 3.1% | 16.4% | 14.2% | 12.7% | 16.4% | 10.4% | 12.3% | 8.0% | -3.6% | ||
| -46.9% | -6.7% | -6.9% | -3.0% | 5.6% | 4.8% | 4.2% | 0.5% | -4.5% | -3.4% | 5.6% | 1.7% | 7.9% | 6.7% | 6.4% | 7.8% | 3.3% | 5.1% | 2.7% | -1.0% | ||
| -23.36 | 1.90 | 8.19 | 31.43 | 34.50 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 55 days | 72 days | 200 days | 225 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 91 days | 11 days | 18 days | 72 days |
EBIT margin: not included in this filing.
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 | 31-12-2021 |
|---|---|
| 0.3 | |
| Joined | 0 |
| Left | 1 |
Source: social balance sheet in the 2021 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €16,247 | €1,559 | €4,564 | €20,263 | €11,056 |
| Intangible fixed assets | - | €12,240 | - | - | - |
| Financial fixed assets | - | €2,505 | €17,722 | - | - |
| €13,047 | €13,233 | €12,519 | €18,220 | €17,180 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €37,849, larger than the loss of €1,901 in 2024. It is the lowest result since 2006.
Debt's share of the balance-sheet total rises from 11.7% to 18.9%. Equity is lower and debt is higher.
| REGENERATIVE BEER ALLIANCE via VAN CAUWELAERT Olivier Maurice Anne Marie Jozef, no longer at REGENERATIVE BEER ALLIANCE · Director · deed of 10-07-2023 Open bankruptcy · founded in 2001 |
total assets €3.2m (2023) |
| färm.coop via VAN CAUWELAERT Olivier Maurice Anne Marie Jozef, no longer at färm.coop · Director · deed of 05-10-2015 founded in 2015 |
175 FTE (2025) |
| VAHF via Van Cauwelaert Olivier, no longer at VAHF · Director · deed of 27-08-2012 founded in 1971 |
6.5 FTE (2020) |
| LA BOULANGERIE BELGE ET BIO via VAN CAUWELAERT Olivier Maurice Anne Marie Jozef, no longer at LA BOULANGERIE BELGE ET BIO · Director · deed of 23-06-2022 founded in 2022 |
24 FTE (2025) |
| färm.lln via Van Cauwelaert Olivier, no longer at färm.lln · Director · deed of 29-08-2023 founded in 2017 |
6.8 FTE (2025) |
| Entrepreneuriat & Transition via Van Cauwelaert Olivier, no longer at Entrepreneuriat & Transition · Director · deed of 20-09-2021 |
founded in 2021 |
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 |
|---|---|---|
| Rue d'Arthey, Rhisnes 11 registered office 5080 La Bruyère | ||
| Rue de Chaumont, Longueville 12 1325 Chaumont-Gistoux 6920101 Certified accountants and tax accountants | 30-10-1996 | 2.078.946.956 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92102C0053/00D000 | 1,011 m² | 1 · 310 m² | 17.3 m · 2 |
| 25058C0082/00C000 | 643 m² | 1 · 197 m² | 8.0 m · 2 |
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