Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower solvency than 91% of companies in computer programming and consultancy. Sector median 46.4% · 3,405 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 62, micro). It does better than 3% of them on solvency, 1% on liquidity, 31% on profitability and 52% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,449 companies had the same profile as USAPPS has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of USAPPS itself is lower: 0.3% within 12 months. It rests on far more data about USAPPS than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for USAPPS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.22 (0.15 in 2024), below 1. Short-term debt is 146% and cash 0% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| USAPPS Ravels | €13,690 | €10,150 | -46.0% | - |
| Myserver Kalmthout | €11,134 | €12,873 | 46.8% | - |
| AGROCON PROJECTS Wuustwezel | €20,678 | €7,494 | -569.5% | - |
| COMPUTER SOLUTIONS AND SERVICES Sint-Katelijne-Waver | €14,829 | €13,435 | -95.0% | - |
| OHPEN Technology Belgium Antwerp | €15,529 | €15,149 | -2919.6% | - |
| ULTINOVA Oostkamp | €9,047 | €7,666 | -58.2% | - |
| VAN OVEREEM CONSULTING Bree | €22,358 | €7,570 | -435.4% | - |
These companies have the same main activity as USAPPS: computer programming (NACE 62100). They are comparable in size and age: total assets between €9,050 and €22,400, founded between 1989 and 2009.
USAPPS files the abbreviated format. That format states no turnover. The gross margin rose from -€19,512 in 2006 to €10,150 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €53,000. Estimated: probably between €26,000 and €100,000.
Higher than 9% of 3,405 companies in 2025.
Higher than 5% of 3,266 companies in 2025.
Higher than 38% of 3,314 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
13,690 | 16,949 | 25,799 | 26,731 | 23,883 | 19,098 | 7,493 | 481 | 64,273 | 84,210 | 94,631 | 84,319 | 91,491 | 133,260 | 78,047 | 57,083 | 55,292 | 60,457 | 61,223 | 78,995 | |
21/28 |
9,320 | 13,426 | 17,500 | 20,219 | 23,290 | 17,369 | 4,923 | 400 | 401 | 401 | 7,619 | 14,938 | 37,463 | 29,777 | 11,803 | 14,103 | 18,052 | 20,353 | 23,313 | 5,431 | |
21 |
- | - | - | - | - | - | - | - | - | - | 2,201 | 4,501 | 6,801 | 9,102 | 11,402 | 13,703 | 16,003 | 18,303 | 20,604 | 899 | |
22/27 |
8,921 | 13,026 | 17,100 | 19,819 | 22,891 | 16,969 | 4,523 | - | - | - | 5,018 | 10,037 | 30,261 | 20,274 | - | - | - | - | 1,010 | 2,832 | |
23 |
7,743 | 11,909 | 15,386 | 19,819 | 22,891 | 16,969 | 4,523 | - | - | - | - | - | - | - | - | - | - | - | 872 | 2,557 | |
24 |
1,178 | 1,117 | 1,714 | - | - | - | - | - | - | - | - | - | 15,206 | 20,274 | - | - | - | - | 137 | 275 | |
28 |
400 | 400 | 400 | 400 | 400 | 400 | 400 | 400 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 401 | 2,050 | 2,050 | 1,700 | 1,700 | |
29/58 |
4,370 | 3,523 | 8,299 | 6,513 | 592 | 1,730 | 2,570 | 81 | 63,872 | 83,809 | 87,012 | 69,380 | 54,028 | 103,483 | 66,244 | 42,980 | 37,239 | 40,104 | 37,910 | 73,564 | |
40/41 |
3,967 | 3,120 | 8,299 | 982 | 176 | 1,091 | 2,570 | 81 | 63,872 | 83,809 | 87,012 | 69,305 | 53,707 | 101,646 | 64,733 | 42,646 | 36,463 | 38,636 | 37,469 | 52,151 | |
40 |
3,788 | 2,413 | 8,261 | 42 | 81 | 81 | - | 81 | 81 | 81 | 81 | 81 | 40,081 | 100,541 | 64,307 | 14,756 | 19,803 | 23,291 | 14,794 | 2,885 | |
41 |
179 | 707 | 38 | 940 | 95 | 1,010 | 2,570 | - | 63,791 | 83,728 | 86,931 | 69,224 | 13,626 | 1,105 | 425 | 27,891 | 16,660 | 15,344 | 22,675 | 49,266 | |
54/58 |
0 | 0 | 0 | 5,531 | - | - | - | - | - | 0 | 0 | 75 | 87 | 751 | 51 | 51 | 92 | - | - | 20,965 | |
490/1 |
403 | 403 | - | - | 416 | 639 | - | - | - | - | - | - | 234 | 1,086 | 1,461 | 283 | 684 | 1,468 | 441 | 449 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
13,690 | 16,949 | 25,799 | 26,731 | 23,883 | 19,098 | 7,493 | 481 | 64,273 | 84,210 | 94,631 | 84,319 | 91,491 | 133,260 | 78,047 | 57,083 | 55,292 | 60,457 | 61,223 | 78,995 | |
10/15 |
-6,301 | -6,720 | 7,315 | 18,040 | 4,893 | -2,087 | -3,963 | -14,953 | 48,539 | 48,302 | 47,241 | 39,989 | 50,854 | 54,772 | 34,323 | 11,194 | 3,808 | -11,661 | -18,866 | 24,326 | |
10/11 |
68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | |
100 |
- | - | - | - | - | - | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | 68,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-76,761 | -77,180 | -63,145 | -52,420 | -65,567 | -72,547 | -74,423 | -85,413 | -21,921 | -22,158 | -23,219 | -30,471 | -19,606 | -15,688 | -36,137 | -59,266 | -66,652 | -82,121 | -89,326 | -46,134 | |
17/49 |
19,992 | 23,669 | 18,484 | 8,691 | 18,990 | 21,186 | 11,456 | 15,434 | 15,734 | 35,908 | 47,390 | 44,330 | 40,637 | 78,488 | 43,724 | 45,889 | 51,483 | 72,117 | 80,089 | 54,668 | |
17 |
- | - | - | - | - | - | - | - | - | 10,000 | 15,130 | 20,349 | 25,202 | 10,000 | 10,000 | 15,882 | 27,647 | 39,412 | 50,000 | 30,000 | |
170/4 |
- | - | - | - | - | - | - | - | - | 10,000 | 15,130 | 20,349 | 25,202 | 10,000 | 10,000 | 15,882 | 27,647 | 39,412 | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 50,000 | 30,000 | |
42/48 |
19,992 | 23,669 | 18,484 | 8,691 | 18,990 | 20,061 | 11,456 | 15,434 | 15,734 | 25,908 | 32,260 | 23,981 | 15,358 | 68,488 | 33,724 | 30,007 | 23,836 | 32,706 | 30,089 | 24,668 | |
42 |
- | - | - | - | - | - | - | - | - | 5,130 | 5,219 | 4,852 | 4,511 | - | 5,882 | 11,765 | 11,765 | 11,765 | - | - | |
43 |
1,089 | 4,826 | 4,558 | - | 6,343 | 12,290 | 10,696 | 14,410 | 13,494 | 14,341 | 11,362 | 14,012 | 9,241 | - | 4,841 | 14,457 | 8,345 | 11,493 | 10,800 | - | |
430/8 |
1,089 | 4,826 | 4,558 | - | 6,343 | 12,290 | 10,696 | 14,410 | 13,494 | 14,341 | 11,362 | 14,012 | 9,241 | - | 4,841 | 14,457 | 8,345 | 11,493 | 10,800 | - | |
44 |
170 | 633 | 13,486 | 4,336 | 6,696 | 635 | 23 | - | - | 4,810 | 10,423 | 1,580 | 1,518 | 2,819 | 4,189 | 3,516 | 3,458 | 9,179 | 15,641 | 24,668 | |
440/4 |
170 | 633 | 13,486 | 4,336 | 6,696 | 635 | 23 | - | - | 4,810 | 10,423 | 1,580 | 1,518 | 2,819 | 4,189 | 3,516 | 3,458 | 9,179 | 15,641 | 24,668 | |
45 |
4 | 37 | - | - | - | - | - | - | 1,095 | 869 | 1,466 | 400 | 88 | 3,643 | 550 | - | - | - | 3,649 | - | |
450/3 |
4 | 37 | - | - | - | - | - | - | 1,095 | 869 | 1,466 | 400 | 88 | 3,643 | 550 | - | - | - | 2,772 | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 877 | - | |
47/48 |
18,729 | 18,173 | 440 | 4,355 | 5,951 | 7,135 | 737 | 1,024 | 1,145 | 758 | 3,789 | 3,137 | - | 62,026 | 18,261 | 269 | 269 | 269 | - | - | |
492/3 |
- | - | - | - | - | 1,125 | - | - | - | - | - | - | 77 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | 875 | 803 | - | 971 | - | 6,082 | 2,593 | - | 958 | 1,475 | 1,717 | 793 | - | - | - | - | - | |
9900 |
10,150 | -1,618 | -1,348 | 23,582 | 12,378 | 8,001 | 14,455 | 1,542 | 3,143 | 8,896 | 15,904 | 1,986 | 11,681 | 31,167 | 30,451 | 17,446 | 24,823 | 15,960 | -12,604 | -19,512 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 19,918 | - | |
630 |
8,715 | 10,750 | 8,649 | 8,903 | 3,383 | 2,630 | 1,508 | - | - | 7,219 | 7,319 | 7,319 | 12,387 | 7,369 | 2,300 | 2,300 | 2,300 | 3,310 | 4,123 | 2,561 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,386 | -3,382 | 1,680 | 475 | 2,907 | - | - | - | |
640/8 |
520 | 505 | 517 | 454 | 643 | 450 | 446 | 63,460 | 442 | 1,067 | 1,066 | 1,847 | 1,280 | 1,305 | 1,366 | 4,399 | 1,459 | 1,490 | 1,633 | 1,558 | |
66A |
- | - | - | - | - | 1,695 | - | - | - | - | - | 2,084 | - | 961 | - | - | - | - | - | - | |
9901 |
915 | -12,874 | -10,514 | 14,225 | 8,352 | 3,226 | 12,502 | -61,918 | 2,702 | 610 | 7,519 | -7,181 | -3,372 | 25,875 | 25,105 | 10,272 | 18,157 | 11,161 | -38,278 | -23,630 | |
75/76B |
0 | - | 135 | - | - | - | - | - | - | 3,770 | 2,885 | 965 | 429 | - | 214 | 894 | 6 | 201 | - | - | |
75 |
0 | - | 135 | - | - | - | - | - | - | 3,770 | 2,885 | 965 | 429 | - | 214 | 894 | 6 | 201 | - | - | |
65/66B |
497 | 1,161 | 347 | 1,077 | 1,372 | 1,351 | 1,512 | 1,574 | 1,370 | 2,450 | 2,924 | 3,411 | 2,362 | 2,539 | 2,983 | 3,782 | 2,694 | 4,156 | 4,914 | 2,618 | |
65 |
497 | 1,161 | 347 | 1,077 | 1,372 | 1,351 | 1,512 | 1,574 | 1,370 | 2,450 | 2,924 | 3,411 | 2,362 | 2,539 | 2,983 | 3,782 | 2,694 | 4,156 | 4,914 | 2,618 | |
9903 |
418 | -14,035 | -10,725 | 13,148 | 6,980 | 1,876 | 10,990 | -63,492 | 1,332 | 1,930 | 7,480 | -10,753 | -3,830 | 24,092 | 23,129 | 7,385 | 15,469 | 7,206 | -43,192 | -26,248 | |
67/77 |
- | - | - | - | - | - | - | - | 1,095 | 869 | 228 | 113 | 88 | 3,643 | - | - | - | 1 | - | - | |
9904 |
418 | -14,035 | -10,725 | 13,148 | 6,980 | 1,876 | 10,990 | -63,492 | 237 | 1,061 | 7,252 | -10,866 | -3,918 | 20,449 | 23,129 | 7,385 | 15,469 | 7,205 | -43,192 | -26,248 | |
9905 |
418 | -14,035 | -10,725 | 13,148 | 6,980 | 1,876 | 10,990 | -63,492 | 237 | 1,061 | 7,252 | -10,866 | -3,918 | 20,449 | 23,129 | 7,385 | 15,469 | 7,205 | -43,192 | -26,248 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-76,761 | -77,180 | -63,145 | -52,420 | -65,567 | -72,547 | -74,423 | -85,413 | -21,921 | -22,158 | -23,219 | -30,471 | -19,606 | -15,688 | -36,137 | -59,266 | -66,652 | -82,121 | -89,326 | -46,134 | |
14P |
-77,180 | -63,145 | -52,420 | -65,567 | -72,547 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.7 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,630 | - | |
| Document | |||||||||||||||||||||
The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00151266 | |
| 31-12-2024 | abbreviated format | 06-06-2025 | 2025-00126494 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00182012 | |
| 31-12-2022 | abbreviated format | 27-07-2023 | 2023-00303799 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20410494 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-29200033 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-37800495 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-26500038 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-48800488 | |
| 31-12-2016 | abbreviated format | 28-07-2017 | 2017-36700236 | |
| 31-12-2015 | abbreviated format | 20-12-2016 | 2016-70500161 | |
| 31-12-2014 | abbreviated format | 24-07-2015 | 2015-33500484 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-60900186 | |
| 31-12-2012 | abbreviated format | 25-07-2013 | 2013-34100293 | |
| 31-12-2011 | abbreviated format | 29-06-2012 | 2012-22500364 | |
| 31-12-2010 | abbreviated format | 31-08-2011 | 2011-47500559 | |
| 31-12-2009 | abbreviated format | 28-09-2010 | 2010-55200557 | |
| 31-12-2008 | abbreviated format | 21-12-2009 | 2009-89400274 | |
| 31-12-2007 | abbreviated format | 28-10-2008 | 2008-79300351 | |
| 31-12-2006 | abbreviated format | 24-07-2007 | 2007-44300166 | |
| 31-12-2005 | abbreviated format | 28-06-2006 | 2006-34600651 | |
| 31-12-2004 | abbreviated format | 24-06-2005 | 2005-33100188 | |
| 31-12-2003 | abbreviated format | 30-07-2004 | 2004-55604917 | |
| 31-12-2002 | abbreviated format | 29-07-2003 | 2003-53302229 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,630 | -2,123 | -1,865 | 23,128 | 11,735 | 5,856 | 14,010 | - | - | 7,829 | 14,838 | 138 | 9,015 | 33,244 | 27,405 | 12,573 | 20,457 | 14,471 | -34,155 | -21,070 | ||
| 9,134 | -3,285 | -2,077 | 22,051 | 10,363 | 4,505 | 12,498 | - | - | 8,280 | 14,571 | -3,547 | 8,469 | 27,818 | 25,429 | 9,686 | 17,770 | 10,515 | -39,070 | -23,688 | ||
| 4,610 | 23,987 | 12,426 | 5,832 | 9,305 | 18,677 | 6,031 | - | - | 0 | 0 | -15,206 | 20,074 | 25,343 | 0 | 1 | 0 | 350 | 22,005 | 5,265 | ||
| 0 | 0 | -5,531 | - | - | - | - | - | - | 0 | -75 | -12 | -664 | 700 | 0 | -41 | - | - | - | - | ||
| -15,622 | -20,145 | -10,185 | -2,178 | -18,398 | -18,331 | -8,885 | -15,353 | 48,138 | 57,901 | 54,752 | 45,400 | 38,670 | 34,995 | 32,520 | 12,973 | 13,403 | 7,398 | 7,821 | 48,896 | ||
| -46.0% | -39.6% | 28.4% | 67.5% | 20.5% | -10.9% | -52.9% | - | 75.5% | 57.4% | 49.9% | 47.4% | 55.6% | 41.1% | 44.0% | 19.6% | 6.9% | -19.3% | -30.8% | 30.8% | ||
| 0.22 | 0.15 | 0.45 | 0.75 | 0.03 | 0.09 | 0.22 | - | 4.06 | 3.23 | 2.70 | 2.89 | 3.52 | 1.51 | 1.96 | 1.43 | 1.56 | 1.23 | 1.26 | 2.98 | ||
| - | - | 2.53 | 0.48 | 3.88 | - | - | - | 0.32 | 0.74 | 1.00 | 1.11 | 0.80 | 1.43 | 1.27 | 4.10 | 13.52 | - | - | 2.25 | ||
| - | - | -146.6% | 72.9% | 142.7% | - | - | - | 0.5% | 2.2% | 15.4% | -27.2% | -7.7% | 37.3% | 67.4% | 66.0% | 406.2% | - | - | -107.9% | ||
| 3.1% | -82.8% | -41.6% | 49.2% | 29.2% | 9.8% | 146.7% | - | 0.4% | 1.3% | 7.7% | -12.9% | -4.3% | 15.3% | 29.6% | 12.9% | 28.0% | 11.9% | -70.5% | -33.2% | ||
| 19.39 | -1.83 | -5.38 | 21.47 | 8.56 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,610 | €23,987 | €12,426 | €5,832 | €9,305 |
| €8,715 | €10,750 | €8,649 | €8,903 | €3,383 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €915, after a loss of €12,874 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€19,992) exceeds the balance-sheet total (€13,690).
Source: list of holdings in its own 2017 accounts. The amounts are in that list and come from the holdings' accounts at 31-12-2013, in their own currency.
| ARKO SPORTS MEDIA
establishment since 01-12-2001 · founded in 1999 |
total assets €905,667 (2025) 0465.301.278 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Vond 32 registered office 2382 Ravels 7311001 Advertising agencies | 16-07-2001 | 2.100.377.127 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13033D0142/00L000 | 909 m² | 1 · 139 m² | 9.0 m · 2 |
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