Storm 48
ActiveSummary
Storm 48 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-255k) and a net result of €-35k. Equity is shrinking by ~38% per year across the filed fiscal years. Its solvency ranks better than 5% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.09 in 2024; short-term debt: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
-475.5%
Return on assets
-65.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-255k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
59 d early
2024
51 d early
2023
51 d early
2022
52 d early
2021
3 d early
2020
50 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-255k▼ 16.0%
2024 · €-220k
2019: €-6khighest in 7 years
2020: €-29k▼ -401% vs 2019
2021: €-73k▼ -147% vs 2020
2022: €-119k▼ -63.2% vs 2021
2023: €-189k▼ -59.2% vs 2022
2024: €-220k▼ -16.4% vs 2023
2025: €-255k▼ -16.0% vs 2024lowest in 7 years
2019 → 2025
Total assets
€54k▼ 23.6%
2024 · €70k
2019: €44klowest in 7 years
2020: €182k▲ +316% vs 2019
2021: €146k▼ -19.6% vs 2020
2022: €131k▼ -10.1% vs 2021
2023: €183k▲ +39.5% vs 2022highest in 7 years
2024: €70k▼ -61.7% vs 2023
2025: €54k▼ -23.6% vs 2024
2019 → 2025
Net result
€-35k▼ 13.1%
2024 · €-31k
2019: €-12khighest in 7 years
2020: €-24k▼ -95.2% vs 2019
2021: €-43k▼ -83.4% vs 2020
2022: €-46k▼ -6.2% vs 2021
2023: €-70k▼ -52.8% vs 2022lowest in 7 years
2024: €-31k▲ +55.8% vs 2023
2025: €-35k▼ -13.1% vs 2024
2019 → 2025
Working capital
€-68▲ 90.1%
2024 · €-688
2019: €-2k
2020: €-31k▼ -1636% vs 2019lowest in 7 years
2021: €-280▲ +99.1% vs 2020
2022: €-8k▼ -2740% vs 2021
2023: €83▲ +101% vs 2022highest in 7 years
2024: €-688▼ -930% vs 2023
2025: €-68▲ +90.1% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-73k-€-119k▼ 63.2%€-189k▼ 59.2%€-220k▼ 16.4%€-255k▼ 16.0%
2021: €-73khighest in 5 years
2022: €-119k▼ -63.2% vs 2021
2023: €-189k▼ -59.2% vs 2022
2024: €-220k▼ -16.4% vs 2023
2025: €-255k▼ -16.0% vs 2024lowest in 5 years
Operating result€-43k-€-46k▼ 6.0%€-70k▼ 53.1%€-31k▲ 55.8%€-35k▼ 13.2%
2021: €-43k
2022: €-46k▼ -6.0% vs 2021
2023: €-70k▼ -53.1% vs 2022lowest in 5 years
2024: €-31k▲ +55.8% vs 2023highest in 5 years
2025: €-35k▼ -13.2% vs 2024
Net result€-43k-€-46k▼ 6.2%€-70k▼ 52.8%€-31k▲ 55.8%€-35k▼ 13.1%
2021: €-43k
2022: €-46k▼ -6.2% vs 2021
2023: €-70k▼ -52.8% vs 2022lowest in 5 years
2024: €-31k▲ +55.8% vs 2023highest in 5 years
2025: €-35k▼ -13.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35k in 2025 against €31k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€54k ▼ 23.5%
Current assets
€4 ▼ 93.6%
Key figures and ratios
EBITDA
€-2k▼
2024 · €-2k
Cash flow
€-2k▼
2024 · €-2k
Solvency
-475.5%▼
2024 · -313.4%
Current ratio
0.06▼
2024 · 0.09
Debt to equity
-1.21▲
2024 · -1.32
ROA
-65.5%▼
2024 · -44.3%
Interest coverage
-20.23▼
2024 · -18.99
Debt
€309k▲
2024 · €290k
Debt ≤ 1 year
€72▼
2024 · €755
Debt > 1 year
€236k▲
2024 · €230k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€54k▼
Fixed assets21/28€70k€54k▼
Intangible fixed assets21€70k€54k▼
Current assets29/58€68€4▼
Amounts receivable within one year40/41€68€4▼
Other amounts receivable41€68€4▼
Equity and liabilities
Total equity and liabilities10/49€70k€54k▼
Equity10/15€-220k€-255k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-226k€-262k▼
Amounts payable17/49€290k€309k▲
Amounts payable after more than one year17€230k€236k▲
Other amounts payable178/9€230k€236k▲
Amounts payable within one year42/48€755€72▼
Trade debts44€755€72▼
Suppliers440/4€755€72▼
Accrued charges and deferred income492/3€60k€73k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€33k▲
Other operating charges640/8€590€607▲
Gross operating margin9900€-2k€-2k▼
Operating profit (loss)9901€-31k€-35k▼
Financial charges65/66B€111€113▲
Recurring financial charges65€111€113▲
Profit (loss) for the period before taxes9903€-31k€-35k▼
Profit (loss) for the period9904€-31k€-35k▼
Profit (loss) for the period to be appropriated9905€-31k€-35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-226k€-262k▼
Profit (loss) brought forward from the previous period14P€-195k€-226k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €44k | €67k | €29k | €33k | ▲ 13.6% |
| Other operating charges640/8 | €661 | €525 | €578 | €590 | €607 | ▲ 2.9% |
| Gross operating margin9900 | €-1k | €-1k | €-3k | €-2k | €-2k | ▼ 9.9% |
| Operating profit (loss)9901 | €-43k | €-46k | €-70k | €-31k | €-35k | ▼ 13.2% |
| Financial charges65/66B | €50 | €156 | €107 | €111 | €113 | ▲ 1.3% |
| Recurring financial charges65 | €50 | €156 | €107 | €111 | €113 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €-43k | €-46k | €-70k | €-31k | €-35k | ▼ 13.1% |
| Profit (loss) for the period9904 | €-43k | €-46k | €-70k | €-31k | €-35k | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €-43k | €-46k | €-70k | €-31k | €-35k | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146k | €131k | €183k | €70k | €54k | ▼ 23.6% |
| Formation expenses20 | €531 | €228 | €0 | - | - | - |
| Fixed assets21/28 | €145k | €128k | €183k | €70k | €54k | ▼ 23.5% |
| Intangible fixed assets21 | €145k | €128k | €183k | €70k | €54k | ▼ 23.5% |
| Current assets29/58 | €361 | €3k | €440 | €68 | €4 | ▼ 93.6% |
| Amounts receivable within one year40/41 | €361 | €3k | €440 | €68 | €4 | ▼ 93.6% |
| Trade receivables40 | €168 | €0 | - | - | - | - |
| Other amounts receivable41 | €193 | €3k | €440 | €68 | €4 | ▼ 93.6% |
| Cash at bank and in hand54/58 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146k | €131k | €183k | €70k | €54k | ▼ 23.6% |
| Equity10/15 | €-73k | €-119k | €-189k | €-220k | €-255k | ▼ 16.0% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-79k | €-125k | €-195k | €-226k | €-262k | ▼ 15.5% |
| Amounts payable17/49 | €219k | €250k | €372k | €290k | €309k | ▲ 6.4% |
| Amounts payable after more than one year17 | €201k | €210k | €327k | €230k | €236k | ▲ 2.7% |
| Other amounts payable178/9 | €201k | €210k | €327k | €230k | €236k | ▲ 2.7% |
| Amounts payable within one year42/48 | €640 | €11k | €357 | €755 | €72 | ▼ 90.4% |
| Trade debts44 | €640 | €11k | €357 | €755 | €72 | ▼ 90.4% |
| Suppliers440/4 | €640 | €11k | €357 | €755 | €72 | ▼ 90.4% |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €18k | €29k | €45k | €60k | €73k | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-43k | €-46k | €-70k | €-31k | €-35k | ▼ 13.1% |
| + Depreciation and write-downs630 | €41k | €44k | €67k | €29k | €33k | ▲ 13.6% |
| Operating cash flow (approximation) | €-2k | €-2k | €-4k | €-2k | €-2k | ▼ 7.6% |
| Investment in fixed assets (approximation) | - | €-27k | €-121k | €84k | €-16k | ▼ 119% |
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 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.23
Current ratio from 0.27 to 1.23; short-term debt falls from €11k to €357.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2018
Ground area
2.4 ha
Building footprint
2,699 m²
Parcel 11302A0095/00E008, Flanders. Linked by address, not a title deed.
177
companies at this address
See who is registered here
1 establishment unit
Storm 48
since 20182.280.374.087
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0095/00E008 | Flanders | 2.4 ha | 1 · 2,699 m² | - |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28120Manufacture of machinery and equipment not elsewhere classified
35110Production of electricity from non-renewable sources
64929Financial service activities, except insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.