8820
ActiveSummary
8820 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,731) and a net result of -€98,891. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability54▼-8
Solvency25▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.31 against 0.22 in 2023; short-term debt: 3.2% and cash: 0.3% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.3%
Return on assets
-1.8%
Age of the figures
12 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year -€16,731
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2023
19 d early
2022
8 d late
2021
2 d early
2020
31 d early
2019
8 d early
2018
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2023 is 2 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€16,731
2023 · €82,161
Total assets
€5.5m▲ 854%
2023 · €578,476
Net result
-€98,891
2023 · €10,781
Working capital
€579,878
2023 · -€64,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€15,192▼ 33.8%€6,336▼ 58.3%€9,110▲ 43.8%€25,395▲ 179%-€38,242-
Net result€14,443within the sector's middle half▼ 25.0%€4,719within the sector's middle half▼ 67.3%€1,174below the sector's middle half▼ 75.1%€10,781within the sector's middle half▲ 818%-€98,891below the sector's middle half-
Equity€65,486within the sector's middle half▲ 28.3%€70,205below the sector's middle half▲ 7.2%€71,379below the sector's middle half▲ 1.7%€82,161below the sector's middle half▲ 15.1%-€16,731below the sector's middle half-
Total assets€121,816within the sector's middle half▲ 5.5%€403,044below the sector's middle half▲ 231%€592,532within the sector's middle half▲ 47.0%€578,476within the sector's middle half▼ 2.4%€5.5mabove the sector's middle half-
Debt€56,330▼ 12.6%€332,839▲ 491%€521,152▲ 56.6%€496,315▼ 4.8%€5.5m-
Working capital-€25,351within the sector's middle half▲ 8.9%-€720within the sector's middle half▲ 97.2%-€66,219within the sector's middle half▼ 9,093%-€64,550within the sector's middle half▲ 2.5%€579,878above the sector's middle half-
Solvency53.8%above the sector's middle half▲ 9.6pp17.4%within the sector's middle half▼ 36.3pp12.0%below the sector's middle half▼ 5.4pp14.2%below the sector's middle half▲ 2.2pp-0.3%below the sector's middle half-
Current ratio0.34below the sector's middle half▲ 0.040.99within the sector's middle half▲ 0.660.14below the sector's middle half▼ 0.850.22below the sector's middle half▲ 0.084.31above the sector's middle half-
Return on assets (ROA)11.9%above the sector's middle half▼ 4.8pp1.2%within the sector's middle half▼ 10.7pp0.2%below the sector's middle half▼ 1.0pp1.9%within the sector's middle half▲ 1.7pp-1.8%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€38,242 in 2025, compared with €25,395 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €5.5m
Fixed assets
€4.8m ▲ 750%
Current assets
€754,920 ▲ 4,054%
Key figures and ratios
EBITDA
€288,970▲
2023 · €47,198
Cash flow
€228,321▲
2023 · €32,585
Quick ratio
1.35▲
2023 · 0.19
Interest coverage
4.55▼
2023 · 4.89
Debt ≤ 1 year
€175,043▲
2023 · €82,724
Debt > 1 year
€5.4m▲
2023 · €413,265
A ratio outside any meaningful range has been withheld (balance sheet total €5.5m, equity -€16,731).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- negative equity
- a small loss
2.0%
went bankrupt
2.8%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 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% | 1.0% |
| 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% 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 1,167 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,765 | €250 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,995 | €61,975 | €41,452 | €21,803 | €327,212 | - |
| Other operating charges640/8 | - | €2,102 | €2,998 | €3,874 | €24,601 | - |
| Non-recurring operating charges66A | - | - | - | - | €15,716 | - |
| Gross operating margin9900 | €23,018 | €70,413 | €53,560 | €51,072 | €329,288 | - |
| Operating profit (loss)9901 | €15,192 | €6,336 | €9,110 | €25,395 | -€38,242 | - |
| Financial income75/76B | - | €1,580 | - | - | €2,810 | - |
| Recurring financial income75 | €84 | €1,580 | - | - | €440 | - |
| Non-recurring financial income76B | - | €1,580 | - | - | €2,370 | - |
| Financial charges65/66B | - | €3,197 | €7,927 | €10,801 | €63,460 | - |
| Recurring financial charges65 | €637 | €3,197 | €7,927 | €9,658 | €63,460 | - |
| Non-recurring financial charges66B | - | - | - | €1,144 | - | - |
| Profit (loss) for the period before taxes9903 | €14,443 | €4,719 | €1,183 | €14,593 | -€98,891 | - |
| Income taxes67/77 | - | - | €9 | €3,812 | - | - |
| Profit (loss) for the period9904 | €14,443 | €4,719 | €1,174 | €10,781 | -€98,891 | - |
| Profit (loss) for the period to be appropriated9905 | €14,443 | €4,719 | €1,174 | €10,781 | -€98,891 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,816 | €403,044 | €592,532 | €578,476 | €5.5m | - |
| Fixed assets21/28 | €109,029 | €328,830 | €582,105 | €560,301 | €4.8m | - |
| Intangible fixed assets21 | €1,337 | €743 | €149 | - | - | - |
| Tangible fixed assets22/27 | €95,317 | €315,713 | €569,581 | €547,926 | €4.7m | - |
| Land and buildings22 | - | €236,280 | €562,064 | €542,609 | €4.4m | - |
| Plant, machinery and equipment23 | - | €10,648 | €7,517 | €5,317 | €21,052 | - |
| Furniture and vehicles24 | - | €68,785 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €376,151 | - |
| Financial fixed assets28 | €12,375 | €12,375 | €12,375 | €12,375 | €12,375 | - |
| Current assets29/58 | €12,787 | €74,214 | €10,427 | €18,174 | €754,920 | - |
| Stocks and contracts in progress3 | - | - | - | €2,500 | €519,442 | - |
| Stocks30/36 | - | - | - | €2,500 | €519,442 | - |
| Amounts receivable within one year40/41 | €4,586 | €14,120 | €9,711 | €4,565 | €54,265 | - |
| Trade receivables40 | - | €14,120 | - | €4,565 | €49,257 | - |
| Other amounts receivable41 | - | - | €9,711 | - | €5,008 | - |
| Current investments50/53 | - | - | - | - | €160,000 | - |
| Cash at bank and in hand54/58 | €8,202 | €58,911 | €716 | €9,559 | €14,291 | - |
| Deferred charges and accrued income490/1 | - | €1,183 | - | €1,550 | €6,922 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,816 | €403,044 | €592,532 | €578,476 | €5.5m | - |
| Equity10/15 | €65,486 | €70,205 | €71,379 | €82,161 | -€16,731 | - |
| Contributions10/11 | - | €18,550 | €18,550 | €18,550 | €18,550 | - |
| Reserves13 | €46,936 | €51,655 | €52,829 | €63,611 | €1,855 | - |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €49,800 | €50,974 | €63,611 | €1,855 | - |
| Profit (loss) carried forward14 | - | - | - | - | -€37,136 | - |
| Amounts payable17/49 | €56,330 | €332,839 | €521,152 | €496,315 | €5.5m | - |
| Amounts payable after more than one year17 | €16,041 | €257,905 | €444,507 | €413,265 | €5.4m | - |
| Financial debts170/4 | - | €254,005 | €440,607 | €409,365 | €3.3m | - |
| Other amounts payable178/9 | - | €3,900 | €3,900 | €3,900 | €2.1m | - |
| Amounts payable within one year42/48 | €38,139 | €74,935 | €76,646 | €82,724 | €175,043 | - |
| Current portion of amounts payable after more than one year42 | - | €33,419 | €30,796 | €31,242 | €60,083 | - |
| Financial debts43 | - | - | - | €1,112 | €1,150 | - |
| Credit institutions430/8 | - | - | - | €1,112 | €1,150 | - |
| Trade debts44 | €3,401 | €6,668 | €577 | €9,668 | €15,787 | - |
| Suppliers440/4 | - | €6,668 | €577 | €9,668 | €15,787 | - |
| Advances received on contracts in progress46 | - | - | - | - | €66,741 | - |
| Taxes, remuneration and social security45 | - | €4,511 | €398 | €2,517 | €19,570 | - |
| Taxes450/3 | - | €4,511 | €398 | €2,517 | €14,454 | - |
| Remuneration and social security454/9 | - | - | - | - | €5,116 | - |
| Other amounts payable47/48 | - | €30,337 | €44,874 | €38,186 | €11,712 | - |
| Accrued charges and deferred income492/3 | - | - | - | €326 | €2,352 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,443 | €4,719 | €1,174 | €10,781 | -€98,891 | - |
| + Depreciation and write-downs630 | €6,995 | €61,975 | €41,452 | €21,803 | €327,212 | - |
| Operating cash flow (approximation) | €21,438 | €66,693 | €42,626 | €32,585 | €228,321 | - |
| Investment in fixed assets (approximation) | - | -€281,776 | -€294,726 | €0 | - | - |
| Change in cash | - | €50,710 | -€58,196 | €8,843 | - | - |
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
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€98,891
Net result drops to -€98,891, the lowest in the series.
30-09
Financial
Liquidity times 20current ratio 4.31
Current ratio from 0.22 to 4.31.
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €19,266 ▲45.7%
Net result €19,266, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Torhout · 1 establishment unit since 2018
Ground area
2.0 ha
Building footprint
5,805 m²
Volume, LiDAR
34,911 m³
Parcel 31522B0427/00L000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
8820
since 20182.275.382.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0427/00L000 | Flanders | 2.0 ha | 1 · 5,805 m² | 13.6 m · 2 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
2 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
50%
According to the annual accounts to 30-09-2025 of 8820 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
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.275.382.646
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Of 465 companies in sector 77392 we hold annual accounts for 165. 144 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
Founded04-04-2018
Fiscal year end30-09
Activities, NACEBEL 2025
77392Rental and leasing activities
33170Repair, maintenance and installation of machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
64210Activities of holding companies
68110Buying and selling of own real estate
77223Rental and leasing activities
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693924241
Also
9925:BE0693924241
Registered
10-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.