ACTIVE

Below The Surface

Financial year 2025 · closed on 31/12/2025
Net result
17,2 k €
+1121.2% YoY
Gross margin
40,1 k €
+7221.4% YoY
Equity
13,4 k €
+457.0% YoY
Workforce
0,5 ETP

What does Below The Surface do?

Below The Surface is a Private limited company incorporated in 2021. Its registered office is in Gent. It employs on average 0,5 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0767.566.245
Incorporation
27/04/2021
Legal form
Private limited company
Registered office
Antwerpsesteenweg 39 box 404
9000 Gent · FlandreSee on map
Contributed capital
5 000,00 €
Latest accounts
31/12/2025
Average workforce
0,5 ETP
Joint committees (1)
  • 2000
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin40,1 k €-562,8 €-9,4 k €1,2 k €4,2 k €
EBITDA19,4 k €-1,6 k €-9,8 k €472,7 €3,7 k €
Operating result19,2 k €-1,6 k €-9,8 k €-15,3 €3,7 k €
Net result17,2 k €-1,7 k €-9,9 k €-115,9 €2,9 k €
Balance sheet
Equity13,4 k €-3,8 k €-2,1 k €7,8 k €7,9 k €
Total assets57 k €2,3 k €5,2 k €16,7 k €10,5 k €
Cash7,2 k €1,9 k €12,3 €6,1 k €206 €
Debts43,6 k €6 k €7,3 k €8,9 k €2,6 k €
Other
Workforce0,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

A Quiet Place

Director · since 24 juin 2025 · 0771.462.477

Represented by Geysen Tom

Active
Arthur Van Wassenhove

Director · since 24 juin 2025

Active

Ended mandates

Steven Renaer

Director · since 27 avril 2021

Ended
Xavier Bogaerts

Director · since 27 avril 2021

Ended
Steven Renaer

Director

Ended
Xavier Bogaerts

Director

Ended
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202227/04/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months9 months
Filing date30/07/202623/06/202530/08/202401/08/202314/07/2022
General meeting30/06/202631/03/202503/06/202430/06/202307/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202630/07/2026DutchPDF
Micro model31/12/202431/03/202523/06/2025DutchPDF
Micro model31/12/202303/06/202430/08/2024DutchPDF
Micro model31/12/202230/06/202301/08/2023DutchPDF
Micro model31/12/202107/06/202214/07/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

A Quiet Place

Director · since 24 juin 2025 · 0771.462.477

Represented by Geysen Tom

Active
Arthur Van Wassenhove

Director · since 24 juin 2025

Active

Ended mandates

Steven Renaer

Director · since 27 avril 2021

Ended
Xavier Bogaerts

Director · since 27 avril 2021

Ended
Steven Renaer

Director

Ended
Xavier Bogaerts

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/07/2025
    BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other29/04/2021
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202517,2 k €
  2. 2025
    Name changeBelow The Surface
  3. 2024
    Annual accounts 2024-1,7 k €
  4. 2023
    Annual accounts 2023-9,9 k €
  5. 2022
    Annual accounts 2022-115,9 €
  6. 2021
    Annual accounts 20212,9 k €
  7. 27/04/2021
    IncorporationPrivate limited company
  8. 2021
    Name changeSlaX