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THE BRIDGE

Active
Private limited companyfounded 20179 yrs activeTerbekehofdreef 43, 2610 Antwerpen, BelgiumKBO/BCE: BE 0676.826.012
Summary

THE BRIDGE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €223,099 and a net result of €8,677. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

What they do
Design and construction of stages and sets
NACE 90392NACE 90022
1 site
How big
€1.4mtotal assets 2025
Staff
3.2 FTE
Equity
€223,099
Profit
€8,677
Turnover not published (abridged schema)
Financially healthy?
62 Healthy Checked score 2025
Bankruptcy chance 12 m
0.2%
Who decides
Parent
DEEP BRIDGE GROUP · 100%
Accounts on time0 of 8 deeds read
Why 62+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency41▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 0.98 in 2024; short-term debt: 41.3% and cash: 0% of total assets), and 83.7% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% 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 2025
Solvency, return and age of the figures
Solvency
16.3%
Return on assets
0.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
on the day
2024
3 d early
2023
on the day
2022
on the day
2021
11 d late
2020
4 d early
2019
29 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 5 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Annual accounts filedfiscal year 2023 · abbreviated…

Financials

Fiscal year 2025Total assets €1.4mProfit €8,677Solvency 16.3%Liquidity 1.36
Total assets
€1.4m▼ 20.2%
2019 - 2025
Net result
€8,677▲ 0.9%
2019 - 2025
Equity
€223,099▲ 4.0%
2019 - 2025
Staff (FTE)
3.2▼ 30.4%
2020 - 2025

Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Trend over the years7 fiscal years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€0.03m▼ 89.4%€0.4m▲ 1,016%€0.1m▼ 66.1%€0.04m▼ 66.7%€0.02m▼ 42.3%
Net result-€0.01mbelow the sector's middle half€0.02mwithin the sector's middle half€0.07mwithin the sector's middle half▲ 338%€0.009mwithin the sector's middle half▼ 87.4%€0.009mwithin the sector's middle half▲ 0.9%
Equity€0.1mabove the sector's middle half▼ 8.1%€0.1mwithin the sector's middle half▲ 12.6%€0.2mwithin the sector's middle half▲ 49.1%€0.2mwithin the sector's middle half▲ 3.3%€0.2mwithin the sector's middle half▲ 4.0%
Total assets€1.2mabove the sector's middle half▲ 37.5%€1.9mwithin the sector's middle half▲ 56.1%€1.3mwithin the sector's middle half▼ 30.8%€1.7mwithin the sector's middle half▲ 29.8%€1.4mwithin the sector's middle half▼ 20.2%
Debt€1.1m▲ 45.6%€1.8m▲ 61.0%€1.1m▼ 37.0%€1.5m▲ 34.7%€1.1m▼ 23.7%
Working capital-€0.2mbelow the sector's middle half▼ 7.0%-€0.6mbelow the sector's middle half▼ 226%-€0.3mbelow the sector's middle half▲ 47.6%-€0.03mbelow the sector's middle half▲ 92.5%€0.2mwithin the sector's middle half
Solvency10.1%below the sector's middle half▼ 5.0pp7.3%below the sector's middle half▼ 2.8pp15.7%below the sector's middle half▲ 8.4pp12.5%below the sector's middle half▼ 3.2pp16.3%within the sector's middle half▲ 3.8pp
Current ratio0.82below the sector's middle half▲ 0.060.64below the sector's middle half▼ 0.180.55below the sector's middle half▼ 0.080.98below the sector's middle half▲ 0.421.36within the sector's middle half▲ 0.38
Return on assets (ROA)-0.9%within the sector's middle half▼ 4.4pp0.8%within the sector's middle half▲ 1.7pp5.2%within the sector's middle half▲ 4.3pp0.5%within the sector's middle half▼ 4.7pp0.6%within the sector's middle half▲ 0.1pp
Staff (FTE)3.1▼ 22.5%5.2within the sector's middle half▲ 67.7%5.1within the sector's middle half▼ 1.9%4.6within the sector's middle half▼ 9.8%3.2within the sector's middle half▼ 30.4%
above within below the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000€300,000€400,000Operating result 2021: €34,348€34,348Net result 2021: -€10,892-€10,892Operating result 2022: €383,453€383,453Net result 2022: €15,608€15,608Operating result 2023: €130,099€130,099Net result 2023: €68,382€68,382Operating result 2024: €43,316€43,316Net result 2024: €8,598€8,598Operating result 2025: €24,974€24,974Net result 2025: €8,677€8,67720212022202320242025€0€50,000€100,000€150,000Operating result 2023: €130,099€130,000Net result 2023: €68,382€68,400Operating result 2024: €43,316€43,300Net result 2024: €8,598€8,600Operating result 2025: €24,974€25,000Net result 2025: €8,677€8,680202320242025
The operating result has fallen three years in a row; 2025 is 42% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €600,608 ▲ 0.3%
Current assets €769,974 ▼ 31.2%
Equity and liabilities €1.4m
Equity €223,099 ▲ 4.0%
Debt €1.1m ▼ 23.7%
Debt's share of the balance-sheet total falls from 87.5% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€430,672▼
2024 · €482,534
Cash flow
€414,375▼
2024 · €447,817
Quick ratio
1.32▲
2024 · 0.98
Debt to equity
5.14▼
2024 · 7.01
ROE
3.9%▼
2024 · 4.0%
Interest coverage
10.12▼
2024 · 16.57
Debt ≤ 1 year
€565,769▼
2024 · €1.1m
Debt > 1 year
€580,559▲
2024 · €357,971
Income taxes
€5,468▼
2024 · €5,625
Staff costs
€156,872▼
2024 · €186,389
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.5% went bankrupt
2.5% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% 1.0%
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% 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 3,275 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.4m▼
Fixed assets21/28€0.6m€0.6m▲
Tangible fixed assets22/27€0.6m€0.6m▲
Plant, machinery and equipment23€0.5m€0.5m▲
Furniture and vehicles24€0.003m€0.001m▼
Other tangible fixed assets26€0.1m€0.08m▼
Financial fixed assets28€350€0.001m▲
Current assets29/58€1.1m€0.8m▼
Amounts receivable after more than one year29€0.3m€0.01m▼
Other amounts receivable291€0.3m€0.01m▼
Stocks and contracts in progress3-€0.02m
Stocks30/36-€0.02m
Amounts receivable within one year40/41€0.8m€0.7m▼
Trade receivables40€0.8m€0.7m▼
Other amounts receivable41€0.04m€0.07m▲
Cash at bank and in hand54/58€99€0.001m▲
Deferred charges and accrued income490/1€447€0.009m▲
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.4m▼
Equity10/15€0.2m€0.2m▲
Contributions10/11€0.04m€0.04m=
Reserves13€0.2m€0.2m▲
Non-distributable reserves130/1€0.006m€0.006m=
Reserves not available under the articles1311€0.006m€0.006m=
Distributable reserves133€0.2m€0.2m▲
Amounts payable17/49€1.5m€1.1m▼
Amounts payable after more than one year17€0.4m€0.6m▲
Financial debts170/4€0.4m€0.6m▲
Amounts payable within one year42/48€1.1m€0.6m▼
Trade debts44€0.5m€0.4m▼
Suppliers440/4€0.5m€0.4m▼
Advances received on contracts in progress46€0.5m€28▼
Taxes, remuneration and social security45€0.1m€0.1m▲
Taxes450/3€0.04m€0.06m▲
Remuneration and social security454/9€0.06m€0.06m▲
Other amounts payable47/48-€0.01m
Accrued charges and deferred income492/3€0.001m€0.001m=
Income statement Code20242025
Non-recurring operating income76A€0.4m-
Remuneration, social security and pensions62€0.2m€0.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.4m▼
Other operating charges640/8€0.005m€0.02m▲
Non-recurring operating charges66A€184-
Gross operating margin9900€0.7m€0.6m▼
Operating profit (loss)9901€0.04m€0.02m▼
Financial income75/76B€23€0.03m▲
Recurring financial income75€23€0.03m▲
Financial charges65/66B€0.03m€0.04m▲
Recurring financial charges65€0.03m€0.04m▲
Profit (loss) for the period before taxes9903€0.01m€0.01m▼
Income taxes67/77€0.006m€0.005m▼
Profit (loss) for the period9904€0.009m€0.009m▲
Profit (loss) for the period to be appropriated9905€0.009m€0.009m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.009m€0.009m▲
Transfer to equity691/2€0.009m€0.009m▲
To other reserves6921€0.009m€0.009m▲
Social balance
Average headcount (FTE)90874.63.2▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€480,243€11,064€370,172--
Remuneration, social security and pensions62-€195,748€225,451€186,389€156,872▼ 15.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220,275€328,782€361,594€439,219€405,698▼ 7.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€950----
Other operating charges640/8-€11,817€53,770€4,659€17,338▲ 272%
Non-recurring operating charges66A--€17,339€184--
Gross operating margin9900€324,307€918,849€788,252€673,765€604,881▼ 10.2%
Operating profit (loss)9901€34,348€383,453€130,099€43,316€24,974▼ 42.3%
Financial income75/76B-€176€787€23€31,715▲ 137,792%
Recurring financial income75€401€176€787€23€31,715▲ 137,792%
Financial charges65/66B-€368,236€30,351€29,115€42,544▲ 46.1%
Recurring financial charges65€43,612€368,236€30,351€29,115€42,544▲ 46.1%
Profit (loss) for the period before taxes9903-€9,143€15,392€100,535€14,223€14,145▼ 0.5%
Income taxes67/77€1,749-€216€32,153€5,625€5,468▼ 2.8%
Profit (loss) for the period9904-€10,892€15,608€68,382€8,598€8,677▲ 0.9%
Profit (loss) for the period to be appropriated9905-€10,892€15,608€68,382€8,598€8,677▲ 0.9%
Line20212022202320242025Change
Assets
Total assets20/58€1.2m€1.9m€1.3m€1.7m€1.4m▼ 20.2%
Fixed assets21/28€0.3m€0.8m€0.9m€0.6m€0.6m▲ 0.3%
Tangible fixed assets22/27€0.3m€0.8m€0.9m€0.6m€0.6m▲ 0.3%
Plant, machinery and equipment23-€0.6m€0.8m€0.5m€0.5m▲ 4.4%
Furniture and vehicles24-€0.004m€0.005m€0.003m€0.001m▼ 56.1%
Other tangible fixed assets26-€0.1m€0.1m€0.1m€0.08m▼ 17.9%
Financial fixed assets28€195--€350€0.001m▲ 100%
Current assets29/58€0.9m€1.1m€0.4m€1.1m€0.8m▼ 31.2%
Amounts receivable after more than one year29--€0.3m€0.3m€0.01m▼ 94.9%
Other amounts receivable291--€0.3m€0.3m€0.01m▼ 94.9%
Stocks and contracts in progress3----€0.02m-
Stocks30/36----€0.02m-
Amounts receivable within one year40/41€0.8m€1.1m€0.1m€0.8m€0.7m▼ 13.0%
Trade receivables40-€0.1m€0.1m€0.8m€0.7m▼ 17.5%
Other amounts receivable41-€1.0m€97€0.04m€0.07m▲ 85.3%
Cash at bank and in hand54/58€0.006m€0.006m€289€99€0.001m▲ 532%
Deferred charges and accrued income490/1-€0.004m€0.006m€447€0.009m▲ 1,835%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.9m€1.3m€1.7m€1.4m▼ 20.2%
Equity10/15€0.1m€0.1m€0.2m€0.2m€0.2m▲ 4.0%
Contributions10/11-€0.04m€0.04m€0.04m€0.04m=
Reserves13€0.08m€0.1m€0.2m€0.2m€0.2m▲ 5.0%
Non-distributable reserves130/1-€0.006m€0.006m€0.006m€0.006m=
Reserves not available under the articles1311-€0.006m€0.006m€0.006m€0.006m=
Distributable reserves133-€0.09m€0.2m€0.2m€0.2m▲ 5.2%
Profit (loss) carried forward14€0.03m-----
Amounts payable17/49€1.1m€1.8m€1.1m€1.5m€1.1m▼ 23.7%
Amounts payable after more than one year17€0.001m-€0.4m€0.4m€0.6m▲ 62.2%
Financial debts170/4--€0.4m€0.4m€0.6m▲ 62.2%
Amounts payable within one year42/48€1.1m€1.8m€0.8m€1.1m€0.6m▼ 50.6%
Current portion of amounts payable after more than one year42-€0.001m----
Trade debts44€0.4m€1.1m€0.7m€0.5m€0.4m▼ 20.2%
Suppliers440/4-€1.1m€0.7m€0.5m€0.4m▼ 20.2%
Advances received on contracts in progress46---€0.5m€28▼ 100.0%
Taxes, remuneration and social security45-€0.4m€0.08m€0.1m€0.1m▲ 23.9%
Taxes450/3-€0.4m€0.03m€0.04m€0.06m▲ 59.0%
Remuneration and social security454/9-€0.06m€0.05m€0.06m€0.06m▲ 2.0%
Other amounts payable47/48-€0.3m--€0.01m-
Accrued charges and deferred income492/3-€0.003m€0.003m€0.001m€0.001m=
Line20212022202320242025Change
Profit (loss) for the period9904-€10,892€15,608€68,382€8,598€8,677▲ 0.9%
+ Depreciation and write-downs630€220,275€328,782€361,594€439,219€405,698▼ 7.6%
Operating cash flow (approximation)€209,383€344,390€429,975€447,817€414,375▼ 7.5%
Investment in fixed assets (approximation)--€780,440-€487,291-€131,239-€407,585▼ 211%
Change in cash-€528-€6,134-€190€527▲ 378%

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

Download as CSV

Comparable companies5

Board & ownership

Parent DEEP BRIDGE GROUP · 100%

Directors

Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DEEP BRIDGE GROUP 100%
  2. THE BRIDGE

Highest known parent: DEEP BRIDGE GROUP. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No directors read yet: 0 of 8 Gazette acts processed.

Timeline

12 eventsLatest 31-01-2026Next filing 31-01-2027

History

On 14 June 2017, THE BRIDGE was incorporated.1 Total assets went from €836,452 in 2019 to €1.4m in 2025 and headcount from 4 full-time equivalents in 2020 to 3.2 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2020 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
31-01
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial Highest result since 2019net €68,382 ▲338%
Net result €68,382, the highest in the series.
30-06
Financial Equity above €200,000Eq €207,611 ▲49.1%
2 profitable years in a row build equity to €207,611.
31-01
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial Back to profitnet €15,608
Net result €15,608 after one loss-making year.
11-02
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
30-06
Financial Weakest financial yearnet -€10,892
Net result drops to -€10,892, the lowest in the series; recovery starts the following year.
27-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
2019
14-04
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Support & recognitions

1 funding sourceFlanders €12,899
Flemish government
€12,899
awarded · 2022
Subsidies and aid1

Flemish government

2022 · 2 entries · €12,899 awarded · €12,899 paid
Year Entries awardedpaid
2022 2 €12,899€12,899
Schemes
1 entry · €10,145 · €10,145 paid · Fonds voor Innoveren en Ondernemen
1 entry · €2,754 · €2,754 paid · Fonds voor Innoveren en Ondernemen

Company details

Private limited company · founded 14-06-2017Year ends 30-06Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded14-06-2017
Fiscal year end30-06
Activities, NACEBEL 2025
90392Design and construction of stages and sets
13300Finishing of textiles
14299Manufacture of wearing apparel
43320Joinery installation
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0676826012
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
4,084 m²
Building footprint
2,101 m²
Volume, LiDAR
9,576 m³
Parcel 11463D0151/00Y000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
26 companies at this address See who is registered here
1 establishment unit
Deep Bridge Facilities BV
Terbekehofdreef 43, 2610 AntwerpenFinishing of textiles
since 2017unit no. 2.266.867.630
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11463D0151/00Y000 Flanders 4,084 m² 1 · 2,101 m² 8.1 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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