TESTAMENT.BE;
ActiveSummary
TESTAMENT.BE; has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.2m and a net result of €181,832. Equity is growing by ~5.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability76▼-16
Solvency100=
Growth68▼-1
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 8.04 against 6.29 in 2025; short-term debt: 12.4% and cash: 32.9% of total assets), and 12.4% of the assets are financed with debt.
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Signals
Six 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 87
Relative position
BE, all sectors
reference
Residential care activities (NACE 87)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
87.6%
Return on assets
13.4%
Age of the figures
6 mo
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
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 07-07-2026, 116 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
116 d early
2025
115 d early
2024
136 d early
2023
112 d early
2022
116 d early
2021
114 d early
2020
128 d early
← 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 120 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 24% 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
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
€1.9m▲ 1.4%
2025 · €1.9m
EBIT margin
9.3%▼ 5.0pp
2025 · 14.2%
Net result
€181,832▼ 34.9%
2025 · €279,248
Working capital
€1.2m▲ 18.2%
2025 · €1.0m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Turnover€1.6m▲ 7.5%€1.7m▲ 5.1%€1.8m▲ 3.9%€1.9m▲ 5.8%€1.9m▲ 1.4%
Operating result-€22,544-€396,483▼ 1,659%€182,978€264,229▲ 44.4%€174,171▼ 34.1%
Net result-€25,300within the sector's middle half-€398,173below the sector's middle half▼ 1,474%€189,067within the sector's middle half€279,248within the sector's middle half▲ 47.7%€181,832▼ 34.9%
EBIT margin-1.4%▼ 8.9pp-23.5%▼ 22.1pp10.4%▲ 33.9pp14.2%▲ 3.8pp9.3%▼ 5.0pp
Equity€938,241within the sector's middle half▼ 2.6%€540,068below the sector's middle half▼ 42.4%€729,135below the sector's middle half▲ 35.0%€1.0mwithin the sector's middle half▲ 38.3%€1.2m▲ 18.0%
Total assets€1.1mbelow the sector's middle half▲ 2.9%€706,987below the sector's middle half▼ 33.9%€856,331below the sector's middle half▲ 21.1%€1.2mbelow the sector's middle half▲ 40.0%€1.4m▲ 13.4%
Debt€131,666▲ 73.0%€166,918▲ 26.8%€127,196▼ 23.8%€190,148▲ 49.5%€168,944▼ 11.2%
Working capital€896,002▼ 1.1%€541,671▼ 39.5%€713,918▲ 31.8%€1.0m▲ 40.9%€1.2m▲ 18.2%
Solvency87.7%above the sector's middle half▼ 5.0pp76.4%above the sector's middle half▼ 11.3pp85.1%above the sector's middle half▲ 8.8pp84.1%above the sector's middle half▼ 1.0pp87.6%▲ 3.4pp
Staff (FTE)3below the sector's middle half▲ 11.1%3below the sector's middle half=3.5below the sector's middle half▲ 16.7%5.8below the sector's middle half▲ 65.7%6.2▲ 6.9%
above
within
below
the middle half (P25 to P75) of NACE 87, Residential care activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 34% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.4m
Fixed assets
€1,264 ▼ 52.7%
Current assets
€1.4m ▲ 13.5%
Equity and liabilities €1.4m
Equity
€1.2m ▲ 18.0%
Debt
€168,944 ▼ 11.2%
Debt's share of the balance-sheet total falls from 15.9% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€177,130▼
2025 · €276,772
Cash flow
€184,791▼
2025 · €291,791
Current ratio
8.04▲
2025 · 6.29
Debt to equity
0.14▼
2025 · 0.19
ROE
15.3%▼
2025 · 27.7%
ROA
13.4%▼
2025 · 23.3%
Interest coverage
599.20▲
2025 · 395.54
Debt ≤ 1 year
€168,944▼
2025 · €190,148
Income taxes
€1,636▲
2025 · €1,579
Staff costs
€598,554▲
2025 · €535,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,672 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | €1.7m | €1.8m | €1.9m | €1.9m | ▲ 1.4% |
| Non-recurring operating income76A | - | - | - | - | €8,760 | - |
| Goods, raw materials, services and sundry goods60/61 | €1.3m | €1.8m | €1.2m | €1.1m | €1.1m | ▲ 7.5% |
| Remuneration, social security and pensions62 | €263,491 | €287,145 | €364,679 | €535,700 | €598,554 | ▲ 11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,919 | €13,841 | €13,180 | €12,543 | €2,959 | ▼ 76.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €13,500 | -€13,500 | - | - | - | - |
| Other operating charges640/8 | €1,893 | €1,289 | €1,960 | €1,538 | €2,078 | ▲ 35.1% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €271,259 | -€107,708 | €562,798 | €814,010 | €777,762 | ▼ 4.5% |
| Operating profit (loss)9901 | -€22,544 | -€396,483 | €182,978 | €264,229 | €174,171 | ▼ 34.1% |
| Financial income75/76B | €12 | - | €7,441 | €17,297 | €9,593 | ▼ 44.5% |
| Recurring financial income75 | €12 | - | €7,441 | €17,297 | €9,593 | ▼ 44.5% |
| Financial charges65/66B | €2,354 | €1,257 | €884 | €700 | €296 | ▼ 57.8% |
| Recurring financial charges65 | €2,354 | €1,257 | €884 | €700 | €296 | ▼ 57.8% |
| Profit (loss) for the period before taxes9903 | -€24,887 | -€397,740 | €189,535 | €280,827 | €183,468 | ▼ 34.7% |
| Income taxes67/77 | €414 | €433 | €469 | €1,579 | €1,636 | ▲ 3.6% |
| Profit (loss) for the period9904 | -€25,300 | -€398,173 | €189,067 | €279,248 | €181,832 | ▼ 34.9% |
| Profit (loss) for the period to be appropriated9905 | -€25,300 | -€398,173 | €189,067 | €279,248 | €181,832 | ▼ 34.9% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €706,987 | €856,331 | €1.2m | €1.4m | ▲ 13.4% |
| Fixed assets21/28 | €42,238 | €28,397 | €15,216 | €2,673 | €1,264 | ▼ 52.7% |
| Tangible fixed assets22/27 | €42,238 | €28,397 | €15,216 | €2,673 | €1,264 | ▼ 52.7% |
| Plant, machinery and equipment23 | €1,112 | €225 | €0 | €0 | €1,264 | - |
| Furniture and vehicles24 | €41,127 | €28,172 | €15,216 | €2,673 | €0 | ▼ 100% |
| Current assets29/58 | €1.0m | €678,590 | €841,114 | €1.2m | €1.4m | ▲ 13.5% |
| Amounts receivable within one year40/41 | €132,262 | €171,095 | €89,228 | €72,932 | €140,578 | ▲ 92.8% |
| Trade receivables40 | €7,573 | €54,570 | €4,683 | €34,443 | €84,567 | ▲ 146% |
| Other amounts receivable41 | €124,689 | €116,525 | €84,546 | €38,489 | €56,010 | ▲ 45.5% |
| Current investments50/53 | €35 | €35 | €400,000 | €500,000 | €700,000 | ▲ 40.0% |
| Cash at bank and in hand54/58 | €666,184 | €458,049 | €341,680 | €578,375 | €447,778 | ▼ 22.6% |
| Deferred charges and accrued income490/1 | €229,188 | €49,411 | €10,205 | €44,549 | €69,538 | ▲ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €706,987 | €856,331 | €1.2m | €1.4m | ▲ 13.4% |
| Equity10/15 | €938,241 | €540,068 | €729,135 | €1.0m | €1.2m | ▲ 18.0% |
| Reserves13 | €400,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €538,241 | €540,068 | €729,135 | €1.0m | €1.2m | ▲ 18.0% |
| Amounts payable17/49 | €131,666 | €166,918 | €127,196 | €190,148 | €168,944 | ▼ 11.2% |
| Amounts payable within one year42/48 | €131,666 | €136,918 | €127,196 | €190,148 | €168,944 | ▼ 11.2% |
| Financial debts43 | - | - | €3,136 | €620 | €3,529 | ▲ 469% |
| Credit institutions430/8 | - | - | €3,136 | €620 | €3,529 | ▲ 469% |
| Trade debts44 | €83,936 | €92,963 | €57,941 | €72,329 | €68,024 | ▼ 6.0% |
| Suppliers440/4 | €83,936 | €92,963 | €57,941 | €72,329 | €68,024 | ▼ 6.0% |
| Advances received on contracts in progress46 | - | - | - | €16,296 | €15,428 | ▼ 5.3% |
| Taxes, remuneration and social security45 | €47,730 | €43,955 | €66,119 | €91,809 | €81,954 | ▼ 10.7% |
| Taxes450/3 | €4,403 | €5,700 | €6,409 | €8,274 | €22,234 | ▲ 169% |
| Remuneration and social security454/9 | €43,327 | €38,255 | €59,710 | €83,535 | €59,720 | ▼ 28.5% |
| Accrued charges and deferred income492/3 | - | €30,000 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,300 | -€398,173 | €189,067 | €279,248 | €181,832 | ▼ 34.9% |
| + Depreciation and write-downs630 | €14,919 | €13,841 | €13,180 | €12,543 | €2,959 | ▼ 76.4% |
| Operating cash flow (approximation) | -€10,381 | -€384,331 | €202,247 | €291,791 | €184,791 | ▼ 36.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,549 | - |
| Change in cash | - | -€208,135 | -€116,368 | €236,695 | -€130,597 | ▼ 155% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €279,248 ▲47.7%
Operating result €264,229, net result €279,248, both a record.
31-03
Financial
Equity above €1mEq €1.0m ▲38.3%
2 profitable years in a row build equity to €1.0m.
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €189,067
Net result €189,067 after 2 loss-making years.
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Weakest financial yearnet -€398,173
Net result drops to -€398,173, the lowest in the series; recovery starts the following year.
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 96 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 461 days late
04-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 826 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brussel · 1 establishment unit since 2007
Ground area
6,828 m²
Building footprint
7,874 m²
Volume, LiDAR
179,427 m³
Parcel 21804D0900/00E002, Brussels · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
263
companies at this address
See who is registered here
1 establishment unit
testament.be
since 20072.164.898.458
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 106 companies in sector 87999 we hold annual accounts for 39. 25 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded31-05-2007
Fiscal year end31-03
Activities, NACEBEL 2025
87999Residential care activities
94995Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889670043
Registered
10-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.