CHALLENGE PARTNERS

Active

Private limited companyfounded 2011active for 15 yearsRaafstraat 21, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0839.650.905

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

CHALLENGE PARTNERS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €591,549 and a net result of €125,313. Equity is growing by about 7.1% per year across the filed financial years. Its solvency ranks better than 89% of 1,139 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

CHALLENGE PARTNERSActiveChecked score 98/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 27-09-2011 Normal situation
Legal form: Private limited company
Registered office: Raafstraat 21, 1030 Schaarbeek
Activity: Rental and leasing activities NACE 77222and 5 others
Establishment unit: 2.204.042.809 1030 Schaarbeek, since 23-09-2011
Financial year end: 31 December
Peppol: Reachable since 23-12-2025

Company details

Who decides

Board

DE MURGA SantiagoDirector

Board & ownership

How it is doing

98 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Annual accounts 2025

Gross margin: €397,319; ▼ 2.9%
Turnover: ≈ €940,000; estimated
Profit: €125,313; ▲ 29.2%
Equity: €591,549; ▲ 26.9%
Total assets: €688,227; ▼ 12.3%
Staff: 4 FTE; =

2025 accounts 32 days early

Filed on 29-06-2026at the National Bank

Financials

Why 98lowers riskLiquidity: current ratio 6.20, cash €480,784Equity €591,549 (86.0% of total assets)Founded in 2011Figures for financial year 2025 (filed 29-06-2026)Show the evidence

Checked score

Score 2025

98 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 88% of its sector peers (NACE 77, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 100+16

equity 86.0% of total assets

Liquidity 97+16

short-term debt 14.0% · cash 69.9%

Profitability 92+8

return on assets 18.2%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (3,169 companies, NACE 77, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.8%▲ +0.3 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.7 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: < 0.1%▼ -0.1 percentage points vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026

Credit of up to €55,000 on 30-day terms is acceptable

Liquidity ample (current ratio 6.2, compared with 2.17 in 2024, above the usual 1.5; short-term debt: 14% and cash: 69.9% of total assets), and 14% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 77, micro): better than 92% on solvency, 95% on liquidity, 86% on profitability and 78% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskneutral

Liquidity: current ratio 6.20, cash €480,784

NBB · annual accounts

Equity €591,549 (86.0% of total assets)

NBB · annual accounts

Founded in 2011

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Figures for financial year 2025 (filed 29-06-2026)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

32 days early

2024

26 days late

2023

29 days late

2022

28 days late

2021

60 days late

2020

3 days early

2019

31 days late

← 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 20 days after the deadline; the sector median (NACE 77) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 filed years within 32 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Positive: Among the best 12% on solvencysector median 36.0% · 1,139 companies 86.0% View
Positive: 5 profitable years in a rowprofit 2025: €125,313 5 years View
Positive: Equity rose in 2025from €466,236 to €591,549 ▲ 26.9% View

Documents

Key facts about CHALLENGE PARTNERS

What is the company number of CHALLENGE PARTNERS?: 0839.650.905. In Belgium the VAT number is the company number with BE in front: BE 0839.650.905.
Where is CHALLENGE PARTNERS based?: The registered office is at Raafstraat 21, 1030 Schaarbeek.Company details
What does CHALLENGE PARTNERS do?: According to the KBO register, the main activity is rental and leasing activities (NACE 77222).
What is the legal form of CHALLENGE PARTNERS?: Private limited company (BV).
When was CHALLENGE PARTNERS founded?: On 27-09-2011.
Is CHALLENGE PARTNERS still active?: Yes, CHALLENGE PARTNERS is an active enterprise in the KBO register.
How many employees does CHALLENGE PARTNERS have?: On average 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CHALLENGE PARTNERS?: ≈ €940,000 in financial year 2025. Estimated from the gross margin of €397,319: probably between €560,000 and €1.6m, based on 2,285 comparable companies of the same size. A rough estimate. In financial year 2020 turnover was €253,257.
Is CHALLENGE PARTNERS profitable?: In financial year 2025, CHALLENGE PARTNERS made a profit of €125,313.
Where can I find the annual accounts of CHALLENGE PARTNERS?: CHALLENGE PARTNERS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of CHALLENGE PARTNERS due?: By 31-07-2027, for financial year 2026.Timeline