Summary
1954 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 €15.1m and a net result of €2.4m. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 2790 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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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 27-06-2025, 34 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
34 d early
2022
31 d early
2021
32 d early
2020
31 d early
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Equity
€15.1m▲ 18.6%
2023 · €12.7m
Net result
€2.4m▼ 22.7%
2023 · €3.1m
Total assets
€15.8m▲ 13.6%
2023 · €13.9m
Solvency
95.3%▲ 4.0pp
2023 · 91.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2.1m▲ 50.7%€2.4m▲ 11.0%€2.4m▲ 2.8%€2.9m▲ 19.3%€944,914▼ 67.4%
Net result€1.7m▲ 3.1%€1.8m▲ 7.8%€2.7m▲ 52.2%€3.1m▲ 12.7%€2.4m▼ 22.7%
Equity€5.2m▲ 47.0%€7.0m▲ 34.5%€9.7m▲ 39.0%€12.7m▲ 31.6%€15.1m▲ 18.6%
Total assets€8.0m▲ 10.7%€10.0m▲ 25.7%€12.0m▲ 19.8%€13.9m▲ 16.3%€15.8m▲ 13.6%
Debt€2.8m▼ 24.0%€3.1m▲ 9.5%€2.3m▼ 24.0%€1.2m▼ 47.7%€744,820▼ 38.7%
Working capital-€125,437▲ 28.6%€1.1m€1.9m▲ 68.6%€2.3m▲ 22.8%€3.5m▲ 51.5%
Solvency64.9%▲ 16.0pp69.5%▲ 4.5pp80.6%▲ 11.2pp91.3%▲ 10.7pp95.3%▲ 4.0pp
Staff (FTE)00
Why a figure moved sharply
- 2022 Net result +52% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 67% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €15.8m
Fixed assets
€11.9m ▲ 9.3%
Current assets
€3.9m ▲ 29.3%
Equity and liabilities €15.8m
Equity
€15.1m ▲ 18.6%
Debt
€744,820 ▼ 38.7%
Debt's share of the balance-sheet total falls from 8.7% to 4.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.7%▼
2023 · 24.0%
ROA
14.9%▼
2023 · 21.9%
Debt ≤ 1 year
€377,153▼
2023 · €689,265
Debt > 1 year
€343,458▼
2023 · €523,458
Income taxes
€362,517▼
2023 · €735,819
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,098 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,520 | €85,238 | €97,681 | €173,054 | €189,614 | ▲ 9.6% |
| Other operating charges640/8 | - | €14,832 | €18,376 | €27,355 | €34,405 | ▲ 25.8% |
| Non-recurring operating charges66A | - | €1,705 | €123,217 | €0 | - | - |
| Gross operating margin9900 | €2.2m | €2.5m | €2.7m | €3.1m | €1.2m | ▼ 62.3% |
| Operating profit (loss)9901 | €2.1m | €2.4m | €2.4m | €2.9m | €944,914 | ▼ 67.4% |
| Financial income75/76B | - | €9,030 | €878,558 | €895,873 | €1.8m | ▲ 98.7% |
| Recurring financial income75 | €5,837 | €9,030 | €878,558 | €886,292 | €1.8m | ▲ 101% |
| Non-recurring financial income76B | - | €0 | - | €9,581 | €0 | ▼ 100% |
| Financial charges65/66B | - | €6,344 | €307 | €120 | €161 | ▲ 34.4% |
| Recurring financial charges65 | €12,484 | €6,344 | €307 | €120 | €161 | ▲ 34.4% |
| Profit (loss) for the period before taxes9903 | €2.2m | €2.4m | €3.3m | €3.8m | €2.7m | ▼ 28.2% |
| Income taxes67/77 | €520,154 | €583,816 | €595,377 | €735,819 | €362,517 | ▼ 50.7% |
| Profit (loss) for the period9904 | €1.7m | €1.8m | €2.7m | €3.1m | €2.4m | ▼ 22.7% |
| Transfer from tax-exempt reserves789 | - | - | €598,516 | €407,472 | €942,473 | ▲ 131% |
| Transfer to tax-exempt reserves689 | - | €884,100 | €1.3m | €997,770 | €997,770 | = |
| Profit (loss) for the period to be appropriated9905 | €832,817 | €898,153 | €2.0m | €2.5m | €2.3m | ▼ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.0m | €10.0m | €12.0m | €13.9m | €15.8m | ▲ 13.6% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €6.4m | €6.7m | €8.5m | €10.9m | €11.9m | ▲ 9.3% |
| Tangible fixed assets22/27 | €2.7m | €3.0m | €4.8m | €7.1m | €8.0m | ▲ 12.9% |
| Land and buildings22 | - | €2.4m | €4.1m | €6.3m | €7.2m | ▲ 14.1% |
| Other tangible fixed assets26 | - | €562,265 | €663,576 | €785,423 | €810,074 | ▲ 3.1% |
| Financial fixed assets28 | €3.6m | €3.7m | €3.7m | €3.8m | €3.9m | ▲ 2.6% |
| Current assets29/58 | €1.6m | €3.3m | €3.5m | €3.0m | €3.9m | ▲ 29.3% |
| Amounts receivable within one year40/41 | €83,735 | €1.4m | €1.5m | €615,031 | €6,406 | ▼ 99.0% |
| Trade receivables40 | - | €1.4m | €1.4m | €614,425 | €6,314 | ▼ 99.0% |
| Other amounts receivable41 | - | €6,937 | €86,413 | €606 | €92 | ▼ 84.8% |
| Current investments50/53 | - | - | €1.0m | €1.0m | €3.4m | ▲ 235% |
| Cash at bank and in hand54/58 | €1.5m | €1.9m | €1.0m | €1.4m | €499,798 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | - | €3,314 | €367 | €10,528 | €39,837 | ▲ 278% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.0m | €10.0m | €12.0m | €13.9m | €15.8m | ▲ 13.6% |
| Equity10/15 | €5.2m | €7.0m | €9.7m | €12.7m | €15.1m | ▲ 18.6% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €18,600 | ▲ 50.0% |
| Reserves13 | €2.0m | €2.9m | €4.2m | €5.2m | €5.7m | ▲ 9.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €2.5m | €3.2m | €3.8m | €3.9m | ▲ 1.4% |
| Distributable reserves133 | - | €372,000 | €970,516 | €1.4m | €1.8m | ▲ 31.5% |
| Profit (loss) carried forward14 | €3.2m | €4.1m | €5.5m | €7.5m | €9.4m | ▲ 24.9% |
| Amounts payable17/49 | €2.8m | €3.1m | €2.3m | €1.2m | €744,820 | ▼ 38.7% |
| Amounts payable after more than one year17 | €1.1m | €883,458 | €703,458 | €523,458 | €343,458 | ▼ 34.4% |
| Other amounts payable178/9 | - | €883,458 | €703,458 | €523,458 | €343,458 | ▼ 34.4% |
| Amounts payable within one year42/48 | €1.7m | €2.2m | €1.6m | €689,265 | €377,153 | ▼ 45.3% |
| Trade debts44 | €15,850 | €101,924 | €2,869 | €102,389 | €7,741 | ▼ 92.4% |
| Suppliers440/4 | - | €101,924 | €2,869 | €102,389 | €7,741 | ▼ 92.4% |
| Taxes, remuneration and social security45 | - | €21,892 | €83,705 | €406,876 | €189,412 | ▼ 53.4% |
| Taxes450/3 | - | €21,892 | €83,705 | €406,876 | €189,412 | ▼ 53.4% |
| Other amounts payable47/48 | - | €2.0m | €1.5m | €180,000 | €180,000 | = |
| Accrued charges and deferred income492/3 | - | €2,998 | €1,718 | €1,728 | €24,208 | ▲ 1,301% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €1.8m | €2.7m | €3.1m | €2.4m | ▼ 22.7% |
| + Depreciation and write-downs630 | €81,520 | €85,238 | €97,681 | €173,054 | €189,614 | ▲ 9.6% |
| Operating cash flow (approximation) | €1.7m | €1.9m | €2.8m | €3.2m | €2.6m | ▼ 21.0% |
| Investment in fixed assets (approximation) | - | -€442,821 | -€1.9m | -€2.6m | -€1.2m | ▲ 54.0% |
| Change in cash | - | €417,642 | -€867,737 | €374,354 | -€887,198 | ▼ 337% |
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.33
Current ratio from 4.37 to 10.33; short-term debt falls from €689,265 to €377,153.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
08-01
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
31-12
Financial
Highest result since 2018net €3.1m ▲12.7%
Operating result €2.9m, net result €3.1m, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.37
Current ratio from 2.17 to 4.37; short-term debt falls from €1.6m to €689,265.
31-12
Financial
Equity above €10mEq €12.7m ▲31.6%
6 profitable years in a row build equity to €12.7m.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €5mEq €5.2m ▲47%
3 profitable years in a row build equity to €5.2m.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Equity above €2mEq €3.5m ▲83.9%
2 profitable years in a row build equity to €3.5m.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-11
State Gazette act
General meeting · Capital increase
Bank account · Share issue
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 4 days late
2016
22-07
State Gazette act
General meeting · Auditor reappointment
Director reappointment · Accounting effect
16-02
State Gazette act
General meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Elsene · 1 establishment unit since 2016
Ground area
226 m²
Building footprint
104 m²
Volume, LiDAR
1,358 m³
Parcel 21444B0040/00D008, Brussels · tallest building 20.8 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
1954
since 20162.266.815.170
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0040/00D008 | Brussels | 226 m² | 1 · 104 m² | 20.8 m · 5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
33.34%
According to the 2024 annual accounts of 1954 and those 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
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
TITLE MEDIA
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
76 locations
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 4,929 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
Founded18-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644676351
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.