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110 GROUP

Active
Private limited companyfounded 20206 yrs activeLt. Graffplein 15, 1780 Wemmel, BelgiumKBO/BCE: BE 0753.977.832
Summary

The computed 12-month bankruptcy probability of 110 GROUP is 2.5% (moderate). The 2024 annual accounts show equity of €18,277 and a net result of €8,947. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 36378 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability94▲+15
Solvency66▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.17 in 2023; short-term debt: 58.5% and cash: 53.9% of total assets), and 58.5% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024
Solvency, return and age of the figures
Solvency
41.5%
Return on assets
20.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
47 d late
2023
371 d late
2022
87 d late
2021
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 117 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

110 GROUP was incorporated on 11 September 2020 as a Private limited company.1 Total assets rose from EUR 19,745 in 2021 to EUR 44,047 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€18,277▲ 95.9%
2023 · €9,330
Total assets
€44,047▼ 29.9%
2023 · €62,809
Net result
€8,947▼ 13.7%
2023 · €10,367
Working capital
€1,610▼ 82.7%
2023 · €9,330
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Operating result€298--€1,071€9,258€9,764▲ 5.5%
Net result€298below the sector's middle half--€1,071below the sector's middle half€10,367within the sector's middle half€8,947within the sector's middle half▼ 13.7%
Equity€298below the sector's middle half--€1,137below the sector's middle half€9,330below the sector's middle half€18,277below the sector's middle half▲ 95.9%
Total assets€19,745below the sector's middle half-€19,619below the sector's middle half▼ 0.6%€62,809below the sector's middle half▲ 220%€44,047below the sector's middle half▼ 29.9%
Debt€19,447-€20,756▲ 6.7%€53,480▲ 158%€25,771▼ 51.8%
Working capital€298below the sector's middle half--€1,137below the sector's middle half€9,330within the sector's middle half€1,610below the sector's middle half▼ 82.7%
Solvency1.5%below the sector's middle half--5.8%below the sector's middle half▼ 7.3pp14.9%below the sector's middle half▲ 20.7pp41.5%within the sector's middle half▲ 26.6pp
Current ratio1.02below the sector's middle half-0.95below the sector's middle half▼ 0.071.17within the sector's middle half▲ 0.231.06below the sector's middle half▼ 0.11
Return on assets (ROA)1.5%within the sector's middle half--5.5%below the sector's middle half▼ 7.0pp16.5%within the sector's middle half▲ 22.0pp20.3%above the sector's middle half▲ 3.8pp
above within below the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000Operating result 2021: €298€298Net result 2021: €298€298Operating result 2022: -€1,071-€1,071Net result 2022: -€1,071-€1,071Operating result 2023: €9,258€9,258Net result 2023: €10,367€10,367Operating result 2024: €9,764€9,764Net result 2024: €8,947€8,9472021202220232024-€5,000€0€5,000€10,000Operating result 2022: -€1,071-€1,070Net result 2022: -€1,071-€1,070Operating result 2023: €9,258€9,260Net result 2023: €10,367€10,400Operating result 2024: €9,764€9,760Net result 2024: €8,947€8,950202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44,047
Fixed assets €16,667
Current assets €27,381
Equity and liabilities €44,047
Equity €18,277 ▲ 95.9%
Debt €25,771 ▼ 51.8%
Debt's share of the balance-sheet total falls from 85.1% to 58.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€18,097
Cash flow
€17,280
Debt to equity
1.41▼
2023 · 5.73
ROE
49.0%▼
2023 · 111.1%
Interest coverage
22.15
Debt ≤ 1 year
€25,771▼
2023 · €53,480
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 26,975 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€62,809€44,047▼
Fixed assets21/28-€16,667
Tangible fixed assets22/27-€16,667
Furniture and vehicles24-€16,667
Current assets29/58€62,809€27,381▼
Amounts receivable within one year40/41€3,973€3,632▼
Trade receivables40€1,450€1,880▲
Other amounts receivable41€2,523€1,752▼
Cash at bank and in hand54/58€58,836€23,749▼
Equity and liabilities
Total equity and liabilities10/49€62,809€44,047▼
Equity10/15€9,330€18,277▲
Profit (loss) carried forward14€9,330€18,277▲
Amounts payable17/49€53,480€25,771▼
Amounts payable within one year42/48€53,480€25,771▼
Trade debts44€37,326€5,315▼
Suppliers440/4€37,326€5,315▼
Taxes, remuneration and social security45€406€221▼
Taxes450/3€406€221▼
Other amounts payable47/48€15,748€20,235▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€8,333
Other operating charges640/8€7,361€1,075▼
Gross operating margin9900€16,618€19,172▲
Operating profit (loss)9901€9,258€9,764▲
Financial income75/76B€1,616€0▼
Recurring financial income75€1,616€0▼
Financial charges65/66B€506€817▲
Recurring financial charges65€506€817▲
Profit (loss) for the period before taxes9903€10,367€8,947▼
Profit (loss) for the period9904€10,367€8,947▼
Profit (loss) for the period to be appropriated9905€10,367€8,947▼
Appropriation of the result
Profit (loss) to be appropriated9906€9,330€18,277▲
Profit (loss) brought forward from the previous period14P-€1,037€9,330▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€8,333-
Other operating charges640/8-€2,053€7,361€1,075▼ 85.4%
Gross operating margin9900€298€982€16,618€19,172▲ 15.4%
Operating profit (loss)9901€298-€1,071€9,258€9,764▲ 5.5%
Financial income75/76B--€1,616€0▼ 100.0%
Recurring financial income75--€1,616€0▼ 100.0%
Financial charges65/66B--€506€817▲ 61.3%
Recurring financial charges65--€506€817▲ 61.3%
Profit (loss) for the period before taxes9903€298-€1,071€10,367€8,947▼ 13.7%
Profit (loss) for the period9904€298-€1,071€10,367€8,947▼ 13.7%
Profit (loss) for the period to be appropriated9905€298-€1,071€10,367€8,947▼ 13.7%
Line2021202220232024Change
Assets
Total assets20/58€19,745€19,619€62,809€44,047▼ 29.9%
Fixed assets21/28---€16,667-
Tangible fixed assets22/27---€16,667-
Furniture and vehicles24---€16,667-
Current assets29/58€19,745€19,619€62,809€27,381▼ 56.4%
Amounts receivable within one year40/41€2,974€11,494€3,973€3,632▼ 8.6%
Trade receivables40€164-€1,450€1,880▲ 29.7%
Other amounts receivable41€2,810€11,494€2,523€1,752▼ 30.6%
Cash at bank and in hand54/58€16,772€8,125€58,836€23,749▼ 59.6%
Equity and liabilities
Total equity and liabilities10/49€19,745€19,619€62,809€44,047▼ 29.9%
Equity10/15€298-€1,137€9,330€18,277▲ 95.9%
Profit (loss) carried forward14€298-€1,137€9,330€18,277▲ 95.9%
Amounts payable17/49€19,447€20,756€53,480€25,771▼ 51.8%
Amounts payable within one year42/48€19,447€20,756€53,480€25,771▼ 51.8%
Trade debts44€3,294€4,603€37,326€5,315▼ 85.8%
Suppliers440/4€3,294€4,603€37,326€5,315▼ 85.8%
Taxes, remuneration and social security45€406€406€406€221▼ 45.5%
Taxes450/3€406€406€406€221▼ 45.5%
Other amounts payable47/48€15,748€15,748€15,748€20,235▲ 28.5%
Line2021202220232024Change
Profit (loss) for the period9904€298-€1,071€10,367€8,947▼ 13.7%
+ Depreciation and write-downs630---€8,333-
Operating cash flow (approximation)€298-€1,071€10,367€17,280▲ 66.7%
Change in cash--€8,647€50,712-€35,088▼ 169%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
06-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 371 days late
2023
31-12
Financial Back to profitnet €10,367
Net result €10,367 after one loss-making year.
26-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial Weakest financial yearnet -€1,071
Net result drops to -€1,071, the lowest in the series; recovery starts the following year.
23-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Wemmel
exact location from the address register On OpenStreetMap
Ground area
147 m²
Building footprint
144 m²
Volume, LiDAR
1,543 m³
Parcel 22662B0387/00R004, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
472 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
22662B0387/00R004 Flanders 147 m² 1 · 144 m² 14.9 m · 4 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.

Similar companies · same sector, comparable size

Of 7,038 companies in this sector we hold annual accounts for 3,481. 2,380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded11-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
41001General construction of residential buildings
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0753977832
Registered 02-02-2026

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.