Summary
Code 84 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €944k and a net result of €577k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 8048 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health 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.
Credit check for your own amount and term
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 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
on the day
2023
1 d late
2022
22 d early
2021
on the day
2020
16 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€944k▲ 157%
2024 · €367k
2019: €123klowest in 7 years
2020: €169k▲ +37.3% vs 2019
2021: €272k▲ +61.0% vs 2020
2022: €316k▲ +16.1% vs 2021
2023: €244k▼ -22.8% vs 2022
2024: €367k▲ +50.6% vs 2023
2025: €944k▲ +157% vs 2024highest in 7 years
2019 → 2025
Net result
€577k▲ 368%
2024 · €123k
2019: €26k
2020: €46k▲ +74.8% vs 2019
2021: €103k▲ +124% vs 2020
2022: €44k▼ -57.5% vs 2021
2023: €-72k▼ -264% vs 2022lowest in 7 years
2024: €123k▲ +271% vs 2023
2025: €577k▲ +368% vs 2024highest in 7 years
2019 → 2025
Total assets
€2.69M▲ 10.2%
2024 · €2.44M
2019: €1.64Mlowest in 7 years
2020: €2.41M▲ +46.6% vs 2019
2021: €2.42M▲ +0.4% vs 2020
2022: €2.38M▼ -1.6% vs 2021
2023: €2.37M▼ -0.1% vs 2022
2024: €2.44M▲ +2.6% vs 2023
2025: €2.69M▲ +10.2% vs 2024highest in 7 years
2019 → 2025
Solvency
35.2%▲ 20.1pp
2024 · 15.1%
2019: 7.5%
2020: 7.0%▼ -6.4% vs 2019lowest in 7 years
2021: 11.3%▲ +60.3% vs 2020
2022: 13.3%▲ +18.0% vs 2021
2023: 10.3%▼ -22.7% vs 2022
2024: 15.1%▲ +46.7% vs 2023
2025: 35.2%▲ +133% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€316k▲ 16.1%€244k▼ 22.8%€367k▲ 50.6%€944k▲ 157%
2021: €272k
2022: €316k▲ +16.1% vs 2021
2023: €244k▼ -22.8% vs 2022lowest in 5 years
2024: €367k▲ +50.6% vs 2023
2025: €944k▲ +157% vs 2024highest in 5 years
Operating result€198k-€111k▼ 44.0%€-16k€256k€768k▲ 200%
2021: €198k
2022: €111k▼ -44.0% vs 2021
2023: €-16k▼ -114% vs 2022lowest in 5 years
2024: €256k▲ +1712% vs 2023
2025: €768k▲ +200% vs 2024highest in 5 years
Net result€103k-€44k▼ 57.5%€-72k€123k€577k▲ 368%
2021: €103k
2022: €44k▼ -57.5% vs 2021
2023: €-72k▼ -264% vs 2022lowest in 5 years
2024: €123k▲ +271% vs 2023
2025: €577k▲ +368% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 200% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.69M
Fixed assets
€1.69M ▼ 20.7%
Current assets
€991k ▲ 229%
Equity and liabilities €2.69M
Equity
€944k ▲ 157%
Provisions
€220k ▲ 191%
Debt
€1.52M ▼ 23.7%
Debt's share of the balance-sheet total falls from 81.8% to 56.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
61.1%▲
2024 · 33.6%
ROA
21.5%▲
2024 · 5.1%
Debt ≤ 1 year
€587k▼
2024 · €768k
Debt > 1 year
€925k▼
2024 · €1.22M
Income taxes
€4k▲
2024 · €147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.44M€2.69M▲
Fixed assets21/28€2.14M€1.69M▼
Tangible fixed assets22/27€2.14M€1.69M▼
Land and buildings22€2.12M€1.69M▼
Furniture and vehicles24€12k€4k▼
Other tangible fixed assets26€7k-
Current assets29/58€301k€991k▲
Amounts receivable within one year40/41€42k€587k▲
Trade receivables40€42k€98k▲
Other amounts receivable41€28€489k▲
Cash at bank and in hand54/58€38k€15k▼
Deferred charges and accrued income490/1€221k€389k▲
Equity and liabilities
Total equity and liabilities10/49€2.44M€2.69M▲
Equity10/15€367k€944k▲
Contributions10/11€30k€30k=
Reserves13€446k€914k▲
Tax-exempt reserves132€227k€660k▲
Distributable reserves133€219k€254k▲
Profit (loss) carried forward14€-108k-
Provisions and deferred taxes16€76k€220k▲
Deferred taxes168€76k€220k▲
Amounts payable17/49€1.99M€1.52M▼
Amounts payable after more than one year17€1.22M€925k▼
Financial debts170/4€1.22M€925k▼
Amounts payable within one year42/48€768k€587k▼
Current portion of amounts payable after more than one year42€157k€105k▼
Financial debts43€23k€31k▲
Other loans439€23k€31k▲
Trade debts44€75k€82k▲
Suppliers440/4€75k€82k▲
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3€1k€6k▲
Other amounts payable47/48€512k€364k▼
Accrued charges and deferred income492/3€9k€9k▼
Income statement
Code20242025
Non-recurring operating income76A€302k€593k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€72k▼
Other operating charges640/8€15k€11k▼
Gross operating margin9900€358k€852k▲
Operating profit (loss)9901€256k€768k▲
Financial income75/76B€89€2k▲
Recurring financial income75€89€2k▲
Financial charges65/66B€58k€45k▼
Recurring financial charges65€58k€45k▼
Profit (loss) for the period before taxes9903€199k€726k▲
Transfer from deferred taxes780-€3k
Transfer to deferred taxes680€76k€148k▲
Income taxes67/77€147€4k▲
Profit (loss) for the period9904€123k€577k▲
Transfer from tax-exempt reserves789-€10k
Transfer to tax-exempt reserves689€227k€444k▲
Profit (loss) for the period to be appropriated9905€-103k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-108k€35k▲
Profit (loss) brought forward from the previous period14P€-5k€-108k▼
Transfer to equity691/2-€35k
To other reserves6921-€35k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €302k | €593k | ▲ 96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81k | €86k | €89k | €87k | €72k | ▼ 16.9% |
| Other operating charges640/8 | - | €14k | €7k | €15k | €11k | ▼ 24.4% |
| Non-recurring operating charges66A | - | €126 | - | - | - | - |
| Gross operating margin9900 | €287k | €210k | €80k | €358k | €852k | ▲ 138% |
| Operating profit (loss)9901 | €198k | €111k | €-16k | €256k | €768k | ▲ 200% |
| Financial income75/76B | - | €20 | €2 | €89 | €2k | ▲ 2,170% |
| Recurring financial income75 | €18 | €20 | €2 | €89 | €2k | ▲ 2,170% |
| Financial charges65/66B | - | €44k | €56k | €58k | €45k | ▼ 22.4% |
| Recurring financial charges65 | €47k | €44k | €56k | €58k | €45k | ▼ 22.4% |
| Profit (loss) for the period before taxes9903 | €151k | €67k | €-72k | €199k | €726k | ▲ 265% |
| Transfer from deferred taxes780 | - | - | - | - | €3k | - |
| Transfer to deferred taxes680 | - | - | - | €76k | €148k | ▲ 95.9% |
| Income taxes67/77 | €48k | €23k | €218 | €147 | €4k | ▲ 2,540% |
| Profit (loss) for the period9904 | €103k | €44k | €-72k | €123k | €577k | ▲ 368% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €10k | - |
| Transfer to tax-exempt reserves689 | - | - | - | €227k | €444k | ▲ 95.9% |
| Profit (loss) for the period to be appropriated9905 | €103k | €44k | €-72k | €-103k | €144k | ▲ 239% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.42M | €2.38M | €2.37M | €2.44M | €2.69M | ▲ 10.2% |
| Fixed assets21/28 | €2.37M | €2.36M | €2.35M | €2.14M | €1.69M | ▼ 20.7% |
| Tangible fixed assets22/27 | €2.37M | €2.36M | €2.35M | €2.14M | €1.69M | ▼ 20.7% |
| Land and buildings22 | - | €2.31M | €2.31M | €2.12M | €1.69M | ▼ 20.1% |
| Furniture and vehicles24 | - | €30k | €21k | €12k | €4k | ▼ 67.7% |
| Other tangible fixed assets26 | - | €20k | €13k | €7k | - | - |
| Current assets29/58 | €43k | €17k | €28k | €301k | €991k | ▲ 229% |
| Amounts receivable within one year40/41 | €19k | €2k | €22k | €42k | €587k | ▲ 1,297% |
| Trade receivables40 | - | €251 | €22k | €42k | €98k | ▲ 134% |
| Other amounts receivable41 | - | €2k | - | €28 | €489k | ▲ 1,744,089% |
| Cash at bank and in hand54/58 | €22k | €15k | €5k | €38k | €15k | ▼ 60.6% |
| Deferred charges and accrued income490/1 | - | €632 | €2k | €221k | €389k | ▲ 76.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.42M | €2.38M | €2.37M | €2.44M | €2.69M | ▲ 10.2% |
| Equity10/15 | €272k | €316k | €244k | €367k | €944k | ▲ 157% |
| Contributions10/11 | - | €30k | €30k | €30k | €30k | = |
| Reserves13 | €242k | €286k | €219k | €446k | €914k | ▲ 105% |
| Non-distributable reserves130/1 | - | €3k | - | - | - | - |
| Reserves not available under the articles1311 | - | €3k | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €227k | €660k | ▲ 191% |
| Distributable reserves133 | - | €283k | €219k | €219k | €254k | ▲ 16.1% |
| Profit (loss) carried forward14 | - | - | €-5k | €-108k | - | - |
| Provisions and deferred taxes16 | - | - | - | €76k | €220k | ▲ 191% |
| Deferred taxes168 | - | - | - | €76k | €220k | ▲ 191% |
| Amounts payable17/49 | €2.14M | €2.06M | €2.13M | €1.99M | €1.52M | ▼ 23.7% |
| Amounts payable after more than one year17 | €1.68M | €1.60M | €1.55M | €1.22M | €925k | ▼ 24.0% |
| Financial debts170/4 | - | €1.38M | €1.43M | €1.22M | €925k | ▼ 24.0% |
| Other amounts payable178/9 | - | €225k | €125k | - | - | - |
| Amounts payable within one year42/48 | €453k | €444k | €563k | €768k | €587k | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | - | €153k | €174k | €157k | €105k | ▼ 33.2% |
| Financial debts43 | - | €23k | - | €23k | €31k | ▲ 34.9% |
| Credit institutions430/8 | - | €23k | - | - | - | - |
| Other loans439 | - | - | - | €23k | €31k | ▲ 34.9% |
| Trade debts44 | €17k | €35k | €32k | €75k | €82k | ▲ 8.8% |
| Suppliers440/4 | - | €35k | €32k | €75k | €82k | ▲ 8.8% |
| Taxes, remuneration and social security45 | - | €7k | €3k | €1k | €6k | ▲ 346% |
| Taxes450/3 | - | €7k | €3k | €1k | €6k | ▲ 346% |
| Other amounts payable47/48 | - | €225k | €354k | €512k | €364k | ▼ 29.0% |
| Accrued charges and deferred income492/3 | - | €12k | €16k | €9k | €9k | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103k | €44k | €-72k | €123k | €577k | ▲ 368% |
| + Depreciation and write-downs630 | €81k | €86k | €89k | €87k | €72k | ▼ 16.9% |
| Operating cash flow (approximation) | €184k | €130k | €17k | €210k | €649k | ▲ 209% |
| Investment in fixed assets (approximation) | - | €-71k | €-77k | €124k | €370k | ▲ 198% |
| Change in cash | - | €-7k | €-10k | €33k | €-23k | ▼ 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €577k ▲368%
Operating result €768k, net result €577k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 1.69
Current ratio from 0.39 to 1.69; short-term debt falls from €768k to €587k.
30-06
Financial
Equity above €500kEq €944k ▲157%
2 profitable years in a row build equity to €944k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-06
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
09-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €200kEq €272k ▲61%
3 profitable years in a row build equity to €272k.
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
Financial
Equity above €150kEq €169k ▲37.3%
2 profitable years in a row build equity to €169k.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2011
Ground area
2,948 m²
Building footprint
891 m²
Volume, LiDAR
4,211 m³
2 parcels, Flanders · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Code 84
since 20112.201.589.303
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0536/00L000 | Flanders | 2,857 m² | 1 · 810 m² | 10.6 m · 1 fl. |
| 44804D0464/56B000 | Flanders | 91 m² | 1 · 81 m² | 15.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 12,813 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
Founded02-08-2011
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.