Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DivideByFour from Gent, company number BE0502933617, closed financial year 2025 with a result of € 461 after tax. For that financial year DivideByFour recorded a gross margin of € 14,125 and equity of € -79,087. Compared with financial year 2024, the result moved from € 4,610 to € 461. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ -79,087
▲ € 461 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 461
▼ 90% vs 2024
Profit after tax over the fiscal year.
€ 379
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -85,287.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,145
▼ 63% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 2,628
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,714
▼ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 227,412 | € -19,316 | € 22,184 | € 14,125 | ▼ 36% |
| Profit after taxes | € 18,989 | € -128,624 | € 4,610 | € 461 | ▼ 90% |
| Equity | € 44,467 | € -84,157 | € -79,547 | € -79,087 | ▲ € 461 |
| Total debts | € 224,038 | € 127,187 | € 174,869 | € 133,995 | ▼ 23% |
| Cash | € 9,599 | € 631 | € 15,702 | € 379 | ▼ 98% |
| Retained profit | € 38,267 | € -90,357 | € -85,747 | € -85,287 | ▲ € 461 |
| Bank debt | € 100,241 | € 100,000 | € 125,006 | € 125,000 | |
| Balance sheet total | € 268,505 | € 43,030 | € 95,322 | € 54,908 | ▼ 42% |
Key figures of DivideByFour, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DivideByFour?
What happened at DivideByFour in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 461 (▼ 90% vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,989 profit in 2022 to € 461 profit in 2025.
Paid € 7,532 in corporate taxes since 2022.
Best year ever: 2022, with € 18,989 profit.
Management
Behind DivideByFour is Maarten Baert. Maarten Baert is also behind SPECTER.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
François Benardstraat 120
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.933.617
- VAT number
- BE 0502.933.617
- Registered office
- François Benardstraat 120, 9000 Gent
- Names & denominations
- DivideByFour
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 January 2013
- Peppol
- Active · Active since 28 Nov 2024
- Contact
- [email protected] 092770185
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