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SINGLETON

Active
Private limited companyfounded 1996active for 29 yearsKerselaarslaan 47, 9800 Deinze, BelgiumKBO/BCE: BE 0459.302.423
Summary

SINGLETON has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €577,301 and a net result of €117,721. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 92% of 39,143 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€577,301▲ 18.3%
2024 · €488,006
Total assets
€618,963▲ 19.2%
2024 · €519,274
Net result
€117,721▲ 21.3%
2024 · €97,052
Working capital
€570,828▲ 19.1%
2024 · €479,125
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result has risen four years in a row; 2025 is 17% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€155,073 2025 Net result€117,721 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€42,022-€116,668▲ 178%€70,292▼ 39.8%€114,416▲ 62.8%€118,368▲ 3.5%€132,750▲ 12.1%€155,073▲ 16.8%
Net result€28,426-€79,470above the sector's middle half▲ 180%€50,675within the sector's middle half▼ 36.2%€84,961above the sector's middle half▲ 67.7%€84,561above the sector's middle half▼ 0.5%€97,052above the sector's middle half▲ 14.8%€117,721above the sector's middle half▲ 21.3%
Equity€203,607-€283,077above the sector's middle half▲ 39.0%€323,513above the sector's middle half▲ 14.3%€386,995above the sector's middle half▲ 19.6%€425,522above the sector's middle half▲ 10.0%€488,006above the sector's middle half▲ 14.7%€577,301above the sector's middle half▲ 18.3%
Total assets€337,161-€340,700within the sector's middle half▲ 1.0%€362,607within the sector's middle half▲ 6.4%€431,533within the sector's middle half▲ 19.0%€466,825within the sector's middle half▲ 8.2%€519,274above the sector's middle half▲ 11.2%€618,963above the sector's middle half▲ 19.2%
Debt€133,554-€57,623▼ 56.9%€39,094▼ 32.2%€44,539▲ 13.9%€41,302▼ 7.3%€31,268▼ 24.3%€41,662▲ 33.2%
Working capital€188,409-€271,578above the sector's middle half▲ 44.1%€313,004above the sector's middle half▲ 15.3%€378,749above the sector's middle half▲ 21.0%€417,737above the sector's middle half▲ 10.3%€479,125above the sector's middle half▲ 14.7%€570,828above the sector's middle half▲ 19.1%
Solvency60.4%-83.1%above the sector's middle half▲ 22.7pp89.2%above the sector's middle half▲ 6.1pp89.7%above the sector's middle half▲ 0.5pp91.2%above the sector's middle half▲ 1.5pp94.0%above the sector's middle half▲ 2.8pp93.3%above the sector's middle half▼ 0.7pp
Current ratio2.63-6.76above the sector's middle half▲ 4.139.70above the sector's middle half▲ 2.949.50above the sector's middle half▼ 0.1911.11above the sector's middle half▲ 1.6116.32above the sector's middle half▲ 5.2114.70above the sector's middle half▼ 1.62
Return on assets (ROA)8.4%-23.3%within the sector's middle half▲ 14.9pp14.0%within the sector's middle half▼ 9.4pp19.7%within the sector's middle half▲ 5.7pp18.1%within the sector's middle half▼ 1.6pp18.7%within the sector's middle half▲ 0.6pp19.0%within the sector's middle half▲ 0.3pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618,963
Fixed assets €6,474 ▼ 27.1%
Current assets €612,489 ▲ 20.0%
Equity and liabilities €618,963
Equity €577,301 ▲ 18.3%
Debt €41,662 ▲ 33.2%
Debt's share of the balance-sheet total rises from 6.0% to 6.7%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€157,481▲
2024 · €134,760
Cash flow
€120,129▲
2024 · €99,063
Debt to equity
0.07▲
2024 · 0.06
ROE
20.4%▲
2024 · 19.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€41,662▲
2024 · €31,268
Income taxes
€49,569▲
2024 · €40,659
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 20,136 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€519,274€618,963▲
Fixed assets21/28€8,882€6,474▼
Tangible fixed assets22/27€8,832€6,424▼
Land and buildings22€5,239€4,541▼
Furniture and vehicles24€3,593€1,883▼
Financial fixed assets28€50€50=
Current assets29/58€510,392€612,489▲
Amounts receivable within one year40/41€40,904€56,907▲
Trade receivables40€26,221€40,891▲
Other amounts receivable41€14,683€16,016▲
Current investments50/53€286,446€127,745▼
Cash at bank and in hand54/58€183,043€427,838▲
Equity and liabilities
Total equity and liabilities10/49€519,274€618,963▲
Equity10/15€488,006€577,301▲
Contributions10/11€6,205€6,205=
Reserves13€466,997€556,292▲
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€465,137€554,432▲
Profit (loss) carried forward14€14,804€14,804=
Amounts payable17/49€31,268€41,662▲
Amounts payable within one year42/48€31,268€41,662▲
Trade debts44€8,714€15,502▲
Suppliers440/4€8,714€15,502▲
Taxes, remuneration and social security45€22,554€26,160▲
Taxes450/3€22,554€26,160▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,011€2,408▲
Other operating charges640/8€918€576▼
Gross operating margin9900€135,678€158,057▲
Operating profit (loss)9901€132,750€155,073▲
Financial income75/76B€5,472€12,870▲
Recurring financial income75€5,383€12,870▲
Non-recurring financial income76B€89-
Financial charges65/66B€510€652▲
Recurring financial charges65€510€652▲
Profit (loss) for the period before taxes9903€137,712€167,290▲
Income taxes67/77€40,659€49,569▲
Profit (loss) for the period9904€97,052€117,721▲
Profit (loss) for the period to be appropriated9905€97,052€117,721▲
Appropriation of the result
Profit (loss) to be appropriated9906€111,857€132,525▲
Profit (loss) brought forward from the previous period14P€14,804€14,804=
Transfer from equity791/2€34,568€28,426▼
Transfer to equity691/2€97,052€117,721▲
To the legal reserve6920€97,052€117,721▲
Profit to be distributed694/7€34,568€28,426▼
Return on contributions (dividend)694€34,568€28,426▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14,317€10,973€9,541€9,025€4,583€2,011€2,408▲ 19.7%
Other operating charges640/8---€896€985€918€576▼ 37.2%
Gross operating margin9900€57,742€128,633€81,465€124,337€123,936€135,678€158,057▲ 16.5%
Operating profit (loss)9901€42,022€116,668€70,292€114,416€118,368€132,750€155,073▲ 16.8%
Financial income75/76B---€4,584€1,934€5,472€12,870▲ 135%
Recurring financial income75€115€963€2,008€4,584€1,934€5,383€12,870▲ 139%
Non-recurring financial income76B-----€89--
Financial charges65/66B---€580€453€510€652▲ 27.9%
Recurring financial charges65€919€2,547€1,000€580€453€510€652▲ 27.9%
Profit (loss) for the period before taxes9903€41,217€115,085€71,301€118,420€119,850€137,712€167,290▲ 21.5%
Income taxes67/77€12,791€35,615€20,626€33,459€35,288€40,659€49,569▲ 21.9%
Profit (loss) for the period9904€28,426€79,470€50,675€84,961€84,561€97,052€117,721▲ 21.3%
Profit (loss) for the period to be appropriated9905€28,426€79,470€50,675€84,961€84,561€97,052€117,721▲ 21.3%
Line2019202020212022202320242025Change
Assets
Total assets20/58€337,161€340,700€362,607€431,533€466,825€519,274€618,963▲ 19.2%
Fixed assets21/28€32,944€21,972€13,610€8,246€7,785€8,882€6,474▼ 27.1%
Tangible fixed assets22/27€32,895€21,922€13,561€8,196€7,736€8,832€6,424▼ 27.3%
Land and buildings22---€6,634€5,936€5,239€4,541▼ 13.3%
Furniture and vehicles24---€1,562€1,799€3,593€1,883▼ 47.6%
Financial fixed assets28€50€50€50€50€50€50€50=
Current assets29/58€304,217€318,728€348,996€423,288€459,039€510,392€612,489▲ 20.0%
Amounts receivable within one year40/41€44,433€12,224€50,549€63,784€26,185€40,904€56,907▲ 39.1%
Trade receivables40---€49,524€23,978€26,221€40,891▲ 55.9%
Other amounts receivable41---€14,260€2,207€14,683€16,016▲ 9.1%
Current investments50/53€50,000€60,000€69,755€76,755€85,555€286,446€127,745▼ 55.4%
Cash at bank and in hand54/58€209,784€246,504€228,692€282,748€347,299€183,043€427,838▲ 134%
Equity and liabilities
Total equity and liabilities10/49€337,161€340,700€362,607€431,533€466,825€519,274€618,963▲ 19.2%
Equity10/15€203,607€283,077€323,513€386,995€425,522€488,006€577,301▲ 18.3%
Contributions10/11€6,205--€6,205€6,205€6,205€6,205=
Reserves13€182,598€262,067€302,503€365,985€404,513€466,997€556,292▲ 19.1%
Non-distributable reserves130/1---€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311---€1,859€1,859€1,859€1,859=
Distributable reserves133---€364,126€402,653€465,137€554,432▲ 19.2%
Profit (loss) carried forward14€14,804€14,804€14,804€14,804€14,804€14,804€14,804=
Amounts payable17/49€133,554€57,623€39,094€44,539€41,302€31,268€41,662▲ 33.2%
Amounts payable after more than one year17€17,746€10,472€3,101-----
Amounts payable within one year42/48€115,808€47,151€35,993€44,539€41,302€31,268€41,662▲ 33.2%
Current portion of amounts payable after more than one year42---€3,101----
Trade debts44€20,283€23,013€12,802€21,251€13,524€8,714€15,502▲ 77.9%
Suppliers440/4---€21,251€13,524€8,714€15,502▲ 77.9%
Taxes, remuneration and social security45---€20,186€27,778€22,554€26,160▲ 16.0%
Taxes450/3---€20,186€27,778€22,554€26,160▲ 16.0%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€28,426€79,470€50,675€84,961€84,561€97,052€117,721▲ 21.3%
+ Depreciation and write-downs630€14,317€10,973€9,541€9,025€4,583€2,011€2,408▲ 19.7%
Operating cash flow (approximation)€42,743€90,442€60,216€93,986€89,145€99,063€120,129▲ 21.3%
Investment in fixed assets (approximation)-€0-€1,180-€3,661-€4,123-€3,107€0-
Change in cash-€36,721-€17,812€54,056€64,551-€164,256€244,795-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 28 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 micro format 25-03-2026 2026-00063201
30-09-2024 micro format 26-03-2025 2025-00054861
30-09-2023 micro format 21-03-2024 2024-00049179
30-09-2022 micro format 31-03-2023 2023-00050939
30-09-2021 micro format 09-03-2022 2022-07300459
30-09-2020 micro format 15-03-2021 2021-07600327
30-09-2019 micro format 11-03-2020 2020-06500282
30-09-2018 micro format 26-04-2019 2019-11300413
30-09-2017 micro format 17-04-2018 2018-10100361
30-09-2016 abbreviated format 25-04-2017 2017-10000020

Show all 28 filings

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