Commerce 123
ActiveSummary
Commerce 123 has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of -€112,241. Equity has been stable since 2018 (±1.4% per year). Its solvency ranks better than 38% of 1,164 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 17-11-2006 Normal situation
- Registered office
- 139 active companies are registered at this address 15 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Other business support services NACE 82990
- Establishment unit
- 2.161.165.839 1170 Watermaal-Bosvoorde, since 17-11-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Board and ownership
- THALES MANAGEMENTDirector · since 15-05-2024 · permanent representative Renaud BLAVIER
- Thibault RELECOMDirector · since 15-05-2024
- ERLINDE EEMAN MANAGEMENTDirector · since 15-05-2025
- Auditor
- BDO Réviseurs d'Entreprises
- UNIBRA REAL ESTATE99.99%· score 942025 annual accounts of UNIBRA REAL ESTATE
- Unibra0.01%2025 annual accounts of Unibra
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Turnover
- €719,475
- ▼ 2.0%
- Loss
- €112,241
- ▲ 875%
- Equity
- €3.7m
- ▼ 2.9%
- Total assets
- €11.2m
- ▲ 16.2%
Score breakdownraises riskLiquidity: current ratio 0.08, cash €39,761, halvedlowers riskSize: turnover €719,475, total assets €11.2mLegal form: public limited companySector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 82, medium-sized). It does better than 42% of them on solvency, 31% on liquidity, 58% on profitability and 27% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€112,241 View
- Caution: Result fell in 2025from -€11,508 to -€112,241 ▼ 875% View
- Caution: Lower net result than 88% of companies in office administrative supportsector median €48,922 · 1,165 companies -€112,241 View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
- Board changedlatest change 22-07-2026 · 5 in office 1 joined · 1 left View
Recent changes
- · Gazette deed Resignation: MHCT SARL (director)Appointment: CAORES SRL (director)
- · Gazette deed Reappointment: BDO Réviseurs d'Entreprises (statutory auditor)Appointments: ML Business Partner SRL (director) and Erlinde Eeman Management SRL (director)
- · Gazette deed Reappointments: Thibault RELECOM (director) and Thales Managemerıt SRL (director)Appointment: MHCT Sàrl (director) · Permanent representatives: Renaud BLAVIER and Jean-Nicolas MONTRIEUX
Comparable companies
These companies have the same main activity as Commerce 123: other business support services (NACE 82990). They are comparable in size and age: total assets between €8.1m and €11m, founded between 2005 and 2010.
| Company | Total assets | Turnover |
|---|---|---|
| Commerce 123 Watermaal-Bosvoorde | €11.2m | €0.7m |
| SMARTIMMO Sint-Gillis (bij-Brussel) | €8.1m | €0.8m |
| ANDERLECHT MOULART Anderlecht | €8.8m | €0.5m |
| Gemplex Invest Deinze | €11.2m | €1.1m |
| CADUS Sint-Martens-Latem | €11.5m | €1.1m |
| SOULCO Beringen | €11.1m | €0.4m |
| DAUM INVEST Londerzeel | €10.8m | €0.4m |
Key facts about Commerce 123
- What is the company number of Commerce 123?
- The company number of Commerce 123 is 0885.073.332. The VAT number is the same number with BE in front: BE 0885.073.332.
- Where is Commerce 123 based?
- The registered office is at Vorstlaan 25, 1170 Watermaal-Bosvoorde.Company details
- What does Commerce 123 do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of Commerce 123?
- The legal form of Commerce 123 is Public limited company (NV).
- When was Commerce 123 founded?
- Commerce 123 was founded on 17-11-2006.
- Is Commerce 123 still active?
- Yes, Commerce 123 is an active enterprise in the KBO register.
- What is the turnover of Commerce 123?
- The turnover of Commerce 123 was €719,475 in financial year 2025, according to the filed annual accounts.Financials
- Is Commerce 123 profitable?
- In financial year 2025, Commerce 123 made a loss of €112,241.
- Where can I find the annual accounts of Commerce 123?
- Commerce 123 filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Commerce 123 due?
- Commerce 123 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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