WITH
The computed 12-month bankruptcy probability of WITH is 0.2% (very low). The 2025 annual accounts show equity of €320k and a net result of €24k. Equity is growing by ~19.5% per year across the filed fiscal years. Its solvency ranks better than 35% of 489 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €320k |
| Net result | €24k |
| Staff (FTE) | 1.1 |
| Better than sector | 35% |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.1% | 44.2% | |
| Net result | €24k | €56k | |
| Equity | €320k | €212k | |
| Gross operating margin | €316k | €99k | |
| Staff costs | €143k | €139k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €172k |
| Net profit | €24k |
| Cash flow | €143k |
| Staff costs | €143k |
| Income taxes | €13k |
| Dividends | - |
| Total assets | €1.14M |
| Equity | €320k |
| Debt | €819k |
| of which ≤ 1y | €608k |
| of which > 1y | €48k |
| Working capital | €117k |
| Employees (FTE) | 1.1 |
| 2025 | |
|---|---|
| Current ratio | 1.19 |
| Quick ratio | 1.19 |
| Working capital ratio | 10.3% |
| Solvency | 28.1% |
| Debt / equity | 2.56 |
| Long-term debt ratio | 0.15 |
| Interest coverage | 9.77 |
| Gross margin | - |
| Net margin | - |
| ROA | 2.1% |
| ROE | 7.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.14M |
| Fixed assets | 21/28 | €413k |
| Intangible fixed assets | 21 | €406k |
| Tangible fixed assets | 22/27 | €2k |
| Financial fixed assets | 28 | €5k |
| Current assets | 29/58 | €725k |
| Amounts receivable within one year | 40/41 | €445k |
| Investments | 50/53 | €155k |
| Cash & bank | 54/58 | €116k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.14M |
| Equity | 10/15 | €320k |
| Contributions / capital | 10/11 | €10k |
| Reserves | 13 | €310k |
| Amounts payable | 17/49 | €819k |
| Amounts payable after one year | 17 | €48k |
| Amounts payable within one year | 42/48 | €608k |
| Trade debts payable within one year | 44 | €347k |
| Income statement | ||
| Gross operating margin | 9900 | €316k |
| Operating result | 9901 | €53k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €18k |
| Result before taxes | 9903 | €37k |
| Income taxes | 67/77 | €13k |
| Net result for the period | 9904 | €24k |
| Result to be appropriated | 9905 | €24k |
-
Bart Lieben InvestLegal entityDirector· perm. rep.: LIEBEN BartState Gazette act 22338618 (16-06-2022)Current08-06-2022 → present
-
OUT-COLegal entityDirector· perm. rep.: KINDT Dominique Madeleine HilaireState Gazette act 22338618 (16-06-2022)Current08-06-2022 → present
2 events
- 08-06-2022 Resigned· Director
- 08-06-2022 Appointed· Director
| NACE primary | Head offices & management consulting(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 27-09-2012 |
| Status | Active |
| Postal code | 2018 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11806F1354/00X009 | Flanders | 3,241 m² | 1 · 2,607 m² | - |
| 11810K2172/00A003 | Flanders | 299 m² | 1 · 129 m² | 17.4 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
27-02-2026 Bart Lieben resigns as director
- Bart Lieben, Bestuurder
Technical details
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},
"reason": "de_plein_droit_dissolution",
"subkind": "regular",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-06-30",
"evidence_quote": "Uit het verslag van de gewone algemene vergadering gehouden op 1 december 2025 blijkt dat de vergadering kennis neemt van het ontslag van bestuurder Bart Lieben Invest BV met als vaste vertegenwoordiger de heer Bart Lieben.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-02-27",
"filing_date": "2026-02-18",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-12-01",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0849.253.707",
"name_full": "WITH",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "OUT-CO BV",
"person_name": null,
"org_rep_person_name": "Dominique Kindt",
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}19-11-2025 Transaction in capital or shares
Technical details
{
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}
}16-06-2022 2 directors appointed, 1 resigning
- KINDT Dominique, Bestuurder
- LIEBEN Bart, Bestuurder
- KINDT Dominique Madeleine Hilaire, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "KINDT Dominique Madeleine Hilaire",
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},
"via_org": {
"kbo": "0819312478",
"name": "OUT-CO",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-06-08",
"evidence_quote": "het ontslag te aanvaaden dat met ingang van 8 juni 2022 werd aangeboden door de thans nog in functie zijnde statutaire bestuurder, met name de besloten vennootschap \u201COUT-CO\u201D, gevestigd te 2018 Antwerpen, Jan Van Rijswijcklaan 135, ingeschreven in het rechtspersonenregister te Antwerpen met ondernemi"
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "KINDT Dominique",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0819312478",
"name": "OUT-CO",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-06-08",
"evidence_quote": "vervolgens met ingang van 8 juni 2022 te benoemen als niet-statutaire bestuurders voor een onbepaalde duur: - Op voordracht van de A aandelen tot A bestuurder: de besloten vennootschap \u201COUT-CO\u201D, voornoemd, vast vertegenwoordigd door de heer KINDT Dominique, voornoemd."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "LIEBEN Bart",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0507849438",
"name": "BART LIEBEN INVEST",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2022-06-08",
"evidence_quote": "- Op voordracht van de B aandelen tot B bestuurder: de besloten vennootschap \u201CBART LIEBEN INVEST\u201D, gevestigd te 8300 Knokke-Heist, Louis Ludwiglaan 33, ondernemingsnummer 0507.849.438, vast vertegenwoordigd door de heer LIEBEN Bart, van Belgische nationaliteit, wonende te 2018 Antwerpen, Gr\u00E9trystraa"
}
],
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"subject_company": {
"kbo": "0849.253.707",
"name_full": "WITH",
"legal_form": "BVBA"
}
}01-09-2020 De Bruyn Koen resigns as manager
- De Bruyn Koen, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "De Bruyn Koen",
"address": null,
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},
"via_org": {
"kbo": "0849253707",
"name": "KDB Advisory Services BV",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "Uit het verslag van de bijzondere algemene vergadering van aandeelhouders de dato 1 mei 2020 blijkt dat de vergadering eenparig en unaniem besluit neemt van het vrijwillig ontslag van de statutaire zaakvoerder KDB Advisory Services BV, vertegenwoordig door de heer De Bruyn Koen, met zetel te Antwerp",
"discharge_granted": true
}
],
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}
}25-08-2015 Registered office moved within Antwerpen
- Sint Laureisstraat 96, 2018 Antwerpen → Jan Van Rijswijcklaan 135, 2018 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
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"region": null,
"street": "Jan Van Rijswijcklaan",
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"postcode": "2018",
"box_number": null,
"street_number": "135"
},
"old_address": {
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"street": "Sint Laureisstraat",
"country": "BE",
"postcode": "2018",
"box_number": null,
"street_number": "96"
},
"effective_date": "2015-08-05",
"evidence_quote": "Met \u00E9\u00E9nparigheld van stemmen wordt beslist om de maatschappelijke zetel te verplaatsen met Ingang van 05 augustus 2015 naar Jan Van Rijswijcklaan 135 te 2018 Antwerpen."
}
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}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | WITH |