SOMETHING ELSE
ActiveSummary
SOMETHING ELSE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€50,498) and a net result of €11,158. Equity is shrinking by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 414 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability55▲+32
Solvency0▼-5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.45 in 2025; short-term debt: 182.1% and cash: 94.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
-82.1%
Return on assets
18.1%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 414 sector peers (2026).
NBB · sector comparisonPosition among 414 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-07-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
121 d early
2025
14 d early
2024
on the day
2023
on the day
2022
1 d early
2021
10 d late
2020
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Equity
-€50,498▲ 18.1%
2025 · -€61,656
Total assets
€61,514▼ 79.7%
2025 · €302,824
Net result
€11,158
2025 · -€20,172
Working capital
-€50,498▲ 44.4%
2025 · -€90,753
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
Line20222023202420252026
Operating result€15,483▼ 30.8%€1,438▼ 90.7%€2,874▲ 99.8%-€5,529€28,143
Net result-€47-€12,424▼ 26,251%-€5,703▲ 54.1%-€20,172▼ 254%€11,158
Equity-€23,356▼ 0.2%-€35,781▼ 53.2%-€41,484▼ 15.9%-€61,656▼ 48.6%-€50,498▲ 18.1%
Total assets€438,102▼ 6.2%€409,496▼ 6.5%€369,530▼ 9.8%€302,824▼ 18.1%€61,514▼ 79.7%
Debt€461,458▼ 5.9%€445,277▼ 3.5%€411,014▼ 7.7%€364,481▼ 11.3%€112,012▼ 69.3%
Working capital€6,841▼ 66.9%-€52,308-€57,167▼ 9.3%-€90,753▼ 58.8%-€50,498▲ 44.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2026: €28,143 after a loss of €5,529 in 2025, the highest result in the available series.
Key figures and ratios
EBITDA
€28,231▲
2025 · €21,636
Cash flow
€11,246▲
2025 · €6,994
Solvency
-82.1%▼
2025 · -20.4%
Current ratio
0.55▲
2025 · 0.45
Debt to equity
-2.22▲
2025 · -5.91
ROA
18.1%▲
2025 · -6.7%
Interest coverage
1.62▲
2025 · 1.49
Debt ≤ 1 year
€112,012▼
2025 · €165,962
Debt > 1 year
€0▼
2025 · €198,519
Income taxes
€272▼
2025 · €360
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,907 | €34,922 | €32,326 | €27,166 | €87 | ▼ 99.7% |
| Other operating charges640/8 | €4,056 | €4,648 | €5,070 | €5,553 | €5,626 | ▲ 1.3% |
| Gross operating margin9900 | €55,445 | €41,008 | €40,269 | €27,189 | €33,857 | ▲ 24.5% |
| Operating profit (loss)9901 | €15,483 | €1,438 | €2,874 | -€5,529 | €28,143 | ▲ 609% |
| Financial income75/76B | €1 | €1 | €3 | €217 | €716 | ▲ 231% |
| Recurring financial income75 | €1 | €1 | €3 | €217 | €716 | ▲ 231% |
| Financial charges65/66B | €15,287 | €13,601 | €8,303 | €14,500 | €17,430 | ▲ 20.2% |
| Recurring financial charges65 | €15,287 | €13,601 | €8,303 | €14,500 | €17,430 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | €197 | -€12,162 | -€5,426 | -€19,812 | €11,430 | ▲ 158% |
| Income taxes67/77 | €244 | €263 | €277 | €360 | €272 | ▼ 24.5% |
| Profit (loss) for the period9904 | -€47 | -€12,424 | -€5,703 | -€20,172 | €11,158 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | -€47 | -€12,424 | -€5,703 | -€20,172 | €11,158 | ▲ 155% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,102 | €409,496 | €369,530 | €302,824 | €61,514 | ▼ 79.7% |
| Fixed assets21/28 | €319,026 | €284,878 | €252,552 | €227,616 | €0 | ▼ 100% |
| Intangible fixed assets21 | €765 | €515 | €265 | €15 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €318,261 | €284,362 | €252,287 | €227,600 | €0 | ▼ 100% |
| Land and buildings22 | €311,552 | €280,819 | €251,957 | €227,528 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €0 | €588 | €330 | €72 | €0 | ▼ 100% |
| Furniture and vehicles24 | €5,809 | €2,506 | €0 | - | - | - |
| Other tangible fixed assets26 | €900 | €450 | €0 | - | - | - |
| Current assets29/58 | €119,075 | €124,618 | €116,978 | €75,209 | €61,514 | ▼ 18.2% |
| Stocks and contracts in progress3 | €100,266 | €109,735 | €99,312 | €65,595 | €0 | ▼ 100% |
| Stocks30/36 | €100,266 | €109,735 | €99,312 | €65,595 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €0 | €217 | €10,198 | €0 | €3,589 | - |
| Trade receivables40 | €0 | €217 | €10,198 | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €3,589 | - |
| Cash at bank and in hand54/58 | €15,720 | €11,730 | €5,147 | €6,433 | €57,925 | ▲ 801% |
| Deferred charges and accrued income490/1 | €3,090 | €2,936 | €2,321 | €3,181 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,102 | €409,496 | €369,530 | €302,824 | €61,514 | ▼ 79.7% |
| Equity10/15 | -€23,356 | -€35,781 | -€41,484 | -€61,656 | -€50,498 | ▲ 18.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €28,645 | €28,645 | €28,645 | €28,645 | €620 | ▼ 97.8% |
| Non-distributable reserves130/1 | €620 | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | €620 | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | €28,025 | €28,025 | €28,025 | €28,025 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€70,602 | -€83,026 | -€88,729 | -€108,902 | -€69,718 | ▲ 36.0% |
| Amounts payable17/49 | €461,458 | €445,277 | €411,014 | €364,481 | €112,012 | ▼ 69.3% |
| Amounts payable after more than one year17 | €349,223 | €268,351 | €236,869 | €198,519 | €0 | ▼ 100% |
| Financial debts170/4 | €349,223 | €268,351 | €236,869 | €198,519 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €112,235 | €176,926 | €174,145 | €165,962 | €112,012 | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | €57,185 | €81,784 | €47,332 | €41,667 | €0 | ▼ 100% |
| Financial debts43 | €25,000 | €25,000 | €25,063 | €25,000 | €0 | ▼ 100% |
| Credit institutions430/8 | €25,000 | €25,000 | €25,063 | €25,000 | €0 | ▼ 100% |
| Trade debts44 | €13,365 | €50,792 | €63,201 | €33,955 | €342 | ▼ 99.0% |
| Suppliers440/4 | €13,365 | €50,792 | €63,201 | €33,955 | €342 | ▼ 99.0% |
| Taxes, remuneration and social security45 | €5,553 | €8,984 | €11,113 | €21,009 | €344 | ▼ 98.4% |
| Taxes450/3 | €5,039 | €7,919 | €11,113 | €21,009 | €344 | ▼ 98.4% |
| Remuneration and social security454/9 | €514 | €1,065 | €0 | - | - | - |
| Other amounts payable47/48 | €11,132 | €10,366 | €27,437 | €44,331 | €111,326 | ▲ 151% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€47 | -€12,424 | -€5,703 | -€20,172 | €11,158 | ▲ 155% |
| + Depreciation and write-downs630 | €35,907 | €34,922 | €32,326 | €27,166 | €87 | ▼ 99.7% |
| Operating cash flow (approximation) | €35,860 | €22,497 | €26,623 | €6,994 | €11,246 | ▲ 60.8% |
| Investment in fixed assets (approximation) | - | -€773 | €0 | -€2,230 | €227,528 | ▲ 10,305% |
| Change in cash | - | -€3,990 | -€6,583 | €1,285 | €51,493 | ▲ 3,907% |
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
Next filing, fiscal year 2027, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Back to profitnet €11,158
Net result €11,158 after 4 loss-making years.
2025
17-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€20,172
Net result drops to -€20,172, the lowest in the series; recovery starts the following year.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
31-03
Financial
Back to profitnet €7,602
Net result €7,602 after 2 loss-making years.
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Assenede · 1 establishment unit since 2003
Ground area
315 m²
Building footprint
82 m²
Volume, LiDAR
479 m³
Parcel 43002E1133/00G002, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOMETHING ELSE
since 20032.134.546.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43002E1133/00G002 | Flanders | 315 m² | 1 · 82 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,502. 682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-2003
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.