Tool
ActiveFrom the official registers: KBO 11 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Tool has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €37,212, of which €100,495 non-recurring income. Equity is growing by about 24% per year across the filed financial years. Its solvency ranks better than 56% of 15,743 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 31-07-2015 Normal situation
- Legal form
- Private limited company
- Registered office
- St.-Pieterstraat 5, 2400 Mol
- Activity
- Activities of notaries NACE 69102and 1 other
- Establishment unit
- 2.245.927.211 2400 Mol, since 31-07-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€2,444
- Profit
- €37,212
- ▲ 92.4%
- Equity
- €1.1m
- ▲ 3.7%
- Total assets
- €1.7m
- ▼ 18.2%
- Staff
- 1 FTE
- =
Why 92raises risk1 change of registered office in 24 monthslowers riskSector: Legal and accounting activities (NACE 69)Size: total assets €1.7mFigures for financial year 2025 (filed 03-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 69, micro): better than 58% on solvency, 43% on liquidity, 6% on profitability and 45% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 2 days after the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 03-07-2026
- Format
- micro format
- Reference
- 2026-00253755
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €51,717 after €68,380 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 69, Legal and accounting activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2022 Equity +124% on 2021. Capital increase of €980,000 (Official Gazette 23-06-2022).
Peer companies
Historical observationOf the 10,904 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 10,904 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €15,171 | €36,130 | €36,269 | €37,905 | ▲ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,968 | €11,496 | €11,496 | €11,496 | €11,606 | €5,067 | €5,067 | €5,348 | ▲ 5.6% |
| Other operating charges640/8 | - | - | - | €3,763 | €1,947 | €3,676 | €2,907 | €2,505 | ▼ 13.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €3,516 | - |
| Gross operating margin9900 | €211,655 | €387,167 | €46,734 | €8,113 | €33,230 | €59,818 | €112,623 | -€2,444 | - |
| Operating profit (loss)9901 | €192,588 | €371,482 | €33,806 | -€7,145 | €4,506 | €14,946 | €68,380 | -€51,717 | - |
| Financial income75/76B | - | - | - | €111,311 | €12,997 | €50,531 | €65,374 | €141,957 | ▲ 117% |
| Recurring financial income75 | €43 | €704 | €284,767 | €111,311 | €12,997 | €43,392 | €65,374 | €41,462 | ▼ 36.6% |
| Non-recurring financial income76B | - | - | - | - | - | €7,138 | - | €100,495 | - |
| Financial charges65/66B | - | - | - | €2,968 | €28,930 | €71,013 | €97,882 | €49,306 | ▼ 49.6% |
| Recurring financial charges65 | €4,916 | €8,349 | €4,420 | €2,968 | €28,930 | €71,013 | €97,882 | €49,306 | ▼ 49.6% |
| Profit (loss) for the period before taxes9903 | €187,716 | €363,837 | €314,153 | €101,198 | -€11,426 | -€5,536 | €35,871 | €40,933 | ▲ 14.1% |
| Income taxes67/77 | €7,737 | €109,155 | €8,606 | - | - | - | €16,533 | €3,721 | ▼ 77.5% |
| Profit (loss) for the period9904 | €179,979 | €254,682 | €305,547 | €101,198 | -€11,426 | -€5,536 | €19,339 | €37,212 | ▲ 92.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €31,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €179,979 | €285,682 | €336,547 | €132,198 | -€11,426 | -€5,536 | €19,339 | €37,212 | ▲ 92.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.2m | €1.6m | €2.0m | €2.2m | €2.2m | €2.1m | €1.7m | ▼ 18.2% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.3m | €0.3m | €0.2m | €0.1m | €0.02m | ▼ 83.8% |
| Tangible fixed assets22/27 | €0.08m | €0.07m | €0.05m | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 8.6% |
| Land and buildings22 | - | - | - | €0.04m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 20.0% |
| Furniture and vehicles24 | - | - | - | €0.007m | €0.002m | €0.002m | €0.001m | €0.004m | ▲ 178% |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0.2m | €0.2m | €0.1m | €0.1m | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.7m | €1.7m | €2.0m | €2.0m | €1.9m | €1.7m | ▼ 13.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.8m | €0.8m | €0.9m | €0.7m | ▼ 14.5% |
| Other amounts receivable291 | - | - | - | - | €0.8m | €0.8m | €0.9m | €0.7m | ▼ 14.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.3m | €0.2m | €1.3m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 17.9% |
| Trade receivables40 | - | - | - | - | - | €0.01m | - | - | - |
| Other amounts receivable41 | - | - | - | €1.3m | €0.4m | €0.5m | €0.4m | €0.5m | ▲ 17.9% |
| Current investments50/53 | - | - | €0.2m | €0.2m | €0.3m | €0.5m | €0.5m | €0.3m | ▼ 32.1% |
| Cash at bank and in hand54/58 | €0.03m | €0.03m | €0.3m | €0.2m | €0.4m | €0.2m | €0.2m | €0.1m | ▼ 38.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €101 | €0.002m | ▲ 19× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.6m | €2.0m | €2.2m | €2.2m | €2.1m | €1.7m | ▼ 18.2% |
| Equity10/15 | €0.4m | €0.08m | €0.4m | €0.5m | €1.1m | €0.6m | €1.0m | €1.1m | ▲ 3.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.6m | €0.6m | €1.0m | €1.0m | = |
| Reserves13 | €0.1m | €0.06m | €0.4m | €0.5m | €0.5m | - | €0.02m | €0.06m | ▲ 192% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | - | €0.02m | €0.06m | ▲ 192% |
| Profit (loss) carried forward14 | €0.3m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.7m | €1.1m | €1.2m | €1.5m | €1.1m | €1.5m | €1.1m | €0.6m | ▼ 39.3% |
| Amounts payable after more than one year17 | €0.5m | €0.9m | €0.8m | €0.7m | €0.6m | €0.5m | €0.9m | €0.6m | ▼ 34.6% |
| Financial debts170/4 | - | - | - | €0.2m | €0.2m | €0.07m | - | - | - |
| Other amounts payable178/9 | - | - | - | €0.4m | €0.4m | €0.4m | €0.9m | €0.6m | ▼ 34.6% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.4m | €0.8m | €0.5m | €1.0m | €0.08m | €0.08m | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.08m | €0.08m | €0.07m | - | - |
| Trade debts44 | - | €0.007m | €0.001m | - | €270 | €30 | €100 | €0.001m | ▲ 756% |
| Suppliers440/4 | - | - | - | - | €270 | €30 | €100 | €0.001m | ▲ 756% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | - | €103 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €0.01m | €0.005m | €0.005m | €0.06m | ▲ 12× |
| Taxes450/3 | - | - | - | - | €0.008m | - | - | €0.05m | - |
| Remuneration and social security454/9 | - | - | - | - | €0.003m | €0.005m | €0.005m | €0.005m | ▲ 4.0% |
| Other amounts payable47/48 | - | - | - | €0.8m | €0.4m | €0.9m | €0.004m | €0.02m | ▲ 433% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.002m | €0.05m | €0.1m | €0.002m | ▼ 98.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €179,979 | €254,682 | €305,547 | €101,198 | -€11,426 | -€5,536 | €19,339 | €37,212 | ▲ 92.4% |
| + Depreciation and write-downs630 | €16,968 | €11,496 | €11,496 | €11,496 | €11,606 | €5,067 | €5,067 | €5,348 | ▲ 5.6% |
| Operating cash flow (approximation) | €196,947 | €266,178 | €317,043 | €112,694 | €180 | -€469 | €24,405 | €42,560 | ▲ 74.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €587,929 | -€2,510 | €94,862 | €24,738 | €109,199 | ▲ 341% |
| Change in cash | - | -€1,894 | €248,199 | -€78,581 | €220,471 | -€270,386 | €17,745 | -€63,852 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00253755 | NBB |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00243315 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00478387 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00218632 | |
| 31-12-2021 | abbreviated format | 20-07-2022 | 2022-20203273 | |
| 31-12-2020 | abbreviated format | 06-07-2021 | 2021-30800340 | |
| 31-12-2019 | abbreviated format | 02-10-2020 | 2020-57900089 | |
| 31-12-2018 | micro format | 03-10-2019 | 2019-68200171 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-66700195 | |
| 31-12-2016 | micro format | 28-08-2017 | 2017-48800405 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jan Van Ermengem |
|
| Koen Dries |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Bevoegdheden van het bestuursorgaan - vertegenwoordiging De bestuurder is bevoegd om alle handelingen te verrichten die nodig of dienstig…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1”“Bij gebreke hieraan kan de vennootschap niet langer haar activiteit als notariële bestuursvennootschap uitoefenen en zal het voorwerp van de…”
- Permanent representativeA company that is a director names a natural person to carry out the mandate on its behalf.
- “Vaste vertegenwoordiger”
Articles of association, deed of 10-09-2025
Owners and capital
Capital and shareholders
- 10-09-2025 Capital stated in the deed · 1 share
- 23-06-2022 Capital increase of €980,000 · to €1,000,000
Shares according to the articles of association
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Verdeling van de winst, reservering bij gebrek aan bestemmingsbeslissing”Liquidation distribution: “Na aanzuivering schulden,lasten,kosten vereffening of consignatie nodige sommen, 1/36000 ongeacht soort”Other provision: “Winstverdeling, reservering bij gebrek aan beslissing door algemene vergadering”
Articles of association, deed of 23-06-2022 (in Dutch)
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Tool was incorporated on 31 July 2015.1 In 2022 the company took the name Tool.2 A capital increase in 2022 brought the capital to €1.0m.2 The registered office was moved to Mol in 2025.3 Total assets rose from €1.1m in 2018 to €1.7m in 2025 and headcount from 0.5 full-time equivalents in 2022 to 1 in 2025.4
Acts, filings and financial milestones
10-09
Gazette deed
Resignation: Koen Dries (director)Appointment: Jan Van Ermengem (statutory director) · Purpose change · Kind of shares10 facts ▸
- General meeting, 19-08-2025
- Director resignation, Koen Dries (director)
- Director appointment, Jan Van Ermengem (statutory director)
- Other provision, “bestuursverbod, niet te zijn getroffen door een bestuursverbod” (deed in Dutch)
- Purpose change
- Kind of shares, “slechts één soort aandelen te hebben waarbij alle aandelen dezelfde rechten hebben” (deed in Dutch)
- Capital
- Registered-office move, St.-Pieterstraat 5, 2400 Mol
- Amendment of the articles
- Director in office, Jan Van Ermengem (statutory director)
23-06
Gazette deed
Resignation: Jan Van Ermengem (statutory manager)Appointment: Koen Dries (director) · Amendment of the articles · Capital conversion24 facts ▸
- General meeting, 16-06-2022
- Amendment of the articles (3 times)
- Capital conversion, “werkelijk gestort kapitaal en wettelijke reserve, nog niet gestort deel van het kapitaal” (deed in Dutch)
- Reserve release, “volledig opheffen, niet-opgevraagde inbrengen” (deed in Dutch)
- Purpose change
- Name change, Tool
- Capital increase, €980,000
- Share issue, “dezelfde”, 4900 (deed in Dutch)
- Other provision, “geen inbreng in natura en alle aandeelhouders aanwezig of vertegenwoordigd, verzaken aan verslag bestuursorgaan” (deed in Dutch)
- Share issue, “statuten en financiële toestand”, EUR (deed in Dutch)
- Other provision, “volstorting nieuwe aandelen”, EUR (deed in Dutch)
- Bank account, “WVV, in geld op bijzondere rekening op naam van vennootschap” (deed in Dutch)
- +12 further facts in this act
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het bestuur van een professionele notarisvennootschap”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Tool
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June at 06:30
Articles of association, deed of 10-09-2025 (in Dutch)
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13434F0079/00W003 | Flanders | 116 m² | 1 · 107 m² | 9.8 m · 2 |