Summary
THE TWENTY FIRST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €379k and a net result of €219k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 51% of 773 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
36 d early
2022
146 d early
2021
32 d early
2020
2 d late
2019
15 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€379k=
2023 · €379k
2018: €365k
2019: €68k▼ -81.3% vs 2018lowest in 7 years
2020: €179k▲ +163% vs 2019
2021: €381k▲ +113% vs 2020highest in 7 years
2022: €379k▼ -0.5% vs 2021
2023: €379k● 0.0% vs 2022
2024: €379k● 0.0% vs 2023
2018 → 2024
Net result
€219k▲ 7.1%
2023 · €204k
2018: €110k
2019: €103k▼ -5.8% vs 2018
2020: €159k▲ +53.5% vs 2019
2021: €203k▲ +28.0% vs 2020
2022: €102k▼ -49.9% vs 2021lowest in 7 years
2023: €204k▲ +101% vs 2022
2024: €219k▲ +7.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€986k▼ 7.9%
2023 · €1.07M
2018: €820k
2019: €806k▼ -1.7% vs 2018lowest in 7 years
2020: €857k▲ +6.3% vs 2019
2021: €1.02M▲ +19.5% vs 2020
2022: €1.01M▼ -1.4% vs 2021
2023: €1.07M▲ +6.1% vs 2022highest in 7 years
2024: €986k▼ -7.9% vs 2023
2018 → 2024
Solvency
38.4%▲ 3.0pp
2023 · 35.4%
2018: 44.5%highest in 7 years
2019: 8.5%▼ -81.0% vs 2018lowest in 7 years
2020: 20.9%▲ +147% vs 2019
2021: 37.2%▲ +77.9% vs 2020
2022: 37.5%▲ +0.9% vs 2021
2023: 35.4%▼ -5.7% vs 2022
2024: 38.4%▲ +8.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€179k-€381k▲ 113%€379k▼ 0.5%€379k=€379k=
2020: €179klowest in 5 years
2021: €381k▲ +113% vs 2020highest in 5 years
2022: €379k▼ -0.5% vs 2021
2023: €379k● 0.0% vs 2022
2024: €379k● 0.0% vs 2023
Operating result€41k-€104k▲ 154%€87k▼ 16.4%€119k▲ 36.8%€128k▲ 7.8%
2020: €41klowest in 5 years
2021: €104k▲ +154% vs 2020
2022: €87k▼ -16.4% vs 2021
2023: €119k▲ +36.8% vs 2022
2024: €128k▲ +7.8% vs 2023highest in 5 years
Net result€159k-€203k▲ 28.0%€102k▼ 49.9%€204k▲ 101%€219k▲ 7.1%
2020: €159k
2021: €203k▲ +28.0% vs 2020
2022: €102k▼ -49.9% vs 2021lowest in 5 years
2023: €204k▲ +101% vs 2022
2024: €219k▲ +7.1% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 8% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €986k
Fixed assets
€857k ▼ 1.8%
Current assets
€129k ▼ 34.8%
Equity and liabilities €986k
Equity
€379k =
Debt
€608k ▼ 12.2%
Debt's share of the balance-sheet total falls from 64.6% to 61.6%. Debt is lower.
Key figures and ratios
ROE
57.8%▲
2023 · 54.0%
ROA
22.2%▲
2023 · 19.1%
Debt ≤ 1 year
€393k▲
2023 · €229k
Debt > 1 year
€203k▼
2023 · €447k
Income taxes
€17k▲
2023 · €16k
Staff costs
€77k▲
2023 · €74k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€986k▼
Fixed assets21/28€873k€857k▼
Tangible fixed assets22/27€72k€57k▼
Furniture and vehicles24€72k€57k▼
Financial fixed assets28€800k€800k=
Current assets29/58€198k€129k▼
Amounts receivable within one year40/41€28k€35k▲
Trade receivables40€19k€22k▲
Other amounts receivable41€10k€13k▲
Cash at bank and in hand54/58€168k€93k▼
Deferred charges and accrued income490/1€1k€680▼
Equity and liabilities
Total equity and liabilities10/49€1.07M€986k▼
Equity10/15€379k€379k=
Contributions10/11€19k€19k=
Reserves13€360k€360k=
Distributable reserves133€360k€360k=
Profit (loss) carried forward14-€0
Amounts payable17/49€692k€608k▼
Amounts payable after more than one year17€447k€203k▼
Financial debts170/4€447k€203k▼
Amounts payable within one year42/48€229k€393k▲
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€17k€18k▲
Taxes450/3€4k€4k▲
Remuneration and social security454/9€14k€14k▲
Other amounts payable47/48€204k€373k▲
Accrued charges and deferred income492/3€16k€12k▼
Income statement
Code20232024
Remuneration, social security and pensions62€74k€77k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€15k▲
Other operating charges640/8€7k€2k▼
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€209k€224k▲
Operating profit (loss)9901€119k€128k▲
Financial income75/76B€150k€160k▲
Recurring financial income75€150k€160k▲
Financial charges65/66B€49k€53k▲
Recurring financial charges65€49k€53k▲
Profit (loss) for the period before taxes9903€220k€236k▲
Income taxes67/77€16k€17k▲
Profit (loss) for the period9904€204k€219k▲
Profit (loss) for the period to be appropriated9905€204k€219k▲
Appropriation of the result
Profit (loss) to be appropriated9906€204k€219k▲
Profit to be distributed694/7€204k€219k▲
Return on contributions (dividend)694€204k€219k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €55k | €63k | €74k | €77k | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €12k | €13k | €5k | €15k | ▲ 180% |
| Other operating charges640/8 | - | €3k | €2k | €7k | €2k | ▼ 65.9% |
| Non-recurring operating charges66A | - | - | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €45k | €175k | €165k | €209k | €224k | ▲ 6.8% |
| Operating profit (loss)9901 | €41k | €104k | €87k | €119k | €128k | ▲ 7.8% |
| Financial income75/76B | - | €150k | €50k | €150k | €160k | ▲ 6.7% |
| Recurring financial income75 | €150k | €150k | €50k | €150k | €160k | ▲ 6.7% |
| Financial charges65/66B | - | €10k | €20k | €49k | €53k | ▲ 8.5% |
| Recurring financial charges65 | €10k | €10k | €20k | €49k | €53k | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €181k | €244k | €118k | €220k | €236k | ▲ 6.9% |
| Income taxes67/77 | €22k | €41k | €16k | €16k | €17k | ▲ 3.7% |
| Profit (loss) for the period9904 | €159k | €203k | €102k | €204k | €219k | ▲ 7.1% |
| Profit (loss) for the period to be appropriated9905 | €159k | €203k | €102k | €204k | €219k | ▲ 7.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €857k | €1.02M | €1.01M | €1.07M | €986k | ▼ 7.9% |
| Fixed assets21/28 | €845k | €843k | €830k | €873k | €857k | ▼ 1.8% |
| Tangible fixed assets22/27 | €45k | €43k | €30k | €72k | €57k | ▼ 21.2% |
| Furniture and vehicles24 | - | €43k | €30k | €72k | €57k | ▼ 21.2% |
| Financial fixed assets28 | €800k | €800k | €800k | €800k | €800k | = |
| Current assets29/58 | €12k | €181k | €179k | €198k | €129k | ▼ 34.8% |
| Amounts receivable within one year40/41 | €9k | €5k | €26k | €28k | €35k | ▲ 24.7% |
| Trade receivables40 | - | €805 | €15k | €19k | €22k | ▲ 17.6% |
| Other amounts receivable41 | - | €4k | €11k | €10k | €13k | ▲ 38.4% |
| Cash at bank and in hand54/58 | €736 | €175k | €151k | €168k | €93k | ▼ 44.7% |
| Deferred charges and accrued income490/1 | - | €266 | €2k | €1k | €680 | ▼ 52.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €857k | €1.02M | €1.01M | €1.07M | €986k | ▼ 7.9% |
| Equity10/15 | €179k | €381k | €379k | €379k | €379k | = |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €161k | €362k | €360k | €360k | €360k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €360k | €360k | €360k | €360k | = |
| Profit (loss) carried forward14 | €351k | - | - | - | €0 | - |
| Amounts payable17/49 | €678k | €643k | €631k | €692k | €608k | ▼ 12.2% |
| Amounts payable after more than one year17 | €282k | €250k | €473k | €447k | €203k | ▼ 54.6% |
| Financial debts170/4 | - | €250k | €473k | €447k | €203k | ▼ 54.6% |
| Amounts payable within one year42/48 | €394k | €383k | €144k | €229k | €393k | ▲ 71.7% |
| Current portion of amounts payable after more than one year42 | - | €32k | €21k | - | - | - |
| Trade debts44 | €2k | €2k | €814 | €7k | €2k | ▼ 76.1% |
| Suppliers440/4 | - | €2k | €814 | €7k | €2k | ▼ 76.1% |
| Taxes, remuneration and social security45 | - | €28k | €10k | €17k | €18k | ▲ 2.3% |
| Taxes450/3 | - | €21k | €2k | €4k | €4k | ▲ 2.5% |
| Remuneration and social security454/9 | - | €7k | €8k | €14k | €14k | ▲ 2.3% |
| Other amounts payable47/48 | - | €321k | €112k | €204k | €373k | ▲ 82.6% |
| Accrued charges and deferred income492/3 | - | €10k | €13k | €16k | €12k | ▼ 27.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €159k | €203k | €102k | €204k | €219k | ▲ 7.1% |
| + Depreciation and write-downs630 | €2k | €12k | €13k | €5k | €15k | ▲ 180% |
| Operating cash flow (approximation) | €161k | €215k | €114k | €210k | €234k | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €-48k | €0 | ▲ 100% |
| Change in cash | - | €175k | €-24k | €17k | €-75k | ▼ 535% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €219k ▲7.1%
Operating result €128k, net result €219k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €102k ▼49.9%
Net result drops to €102k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.24
Current ratio from 0.47 to 1.24; short-term debt falls from €383k to €144k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €381k ▲113%
4 profitable years in a row build equity to €381k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
2020
31-12
Financial
Equity above €150kEq €179k ▲163%
3 profitable years in a row build equity to €179k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Soumagne · 1 establishment unit since 2016
Ground area
222 m²
Building footprint
48 m²
Volume, LiDAR
450 m³
Parcel 62099A0154/00P002, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Avenue de la Résistance 237, 4630 Soumagne
since 20162.249.827.007
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62099A0154/00P002 | Wallonia | 222 m² | 1 · 48 m² | 10.9 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900VEKKQERK8CW355
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Of 4,677 companies in sector 66220 we hold annual accounts for 3,221. 2,681 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
Founded13-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.