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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
5S from Gent, company number BE0632894217, closed financial year 2026 with a result of € -187,962 after tax. For that financial year 5S recorded a gross margin of € -6,222 and equity of € -10,614. Compared with financial year 2025, the result moved from € -4,974 to € -187,962. The company made a loss. 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 October 20, 2026.
€ -10,614
▼ € 187,962 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -187,962
▼ 3679 % more loss than in 2025
Profit after tax over the fiscal year.
€ 220
▲ 174% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -210,614.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 10,962
▲ 11% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -22,012 | € 20,032 | € -7,616 | € -6,222 | ▲ € 1,394 |
| Profit after taxes | € -86,759 | € 20,262 | € -4,974 | € -187,962 | ▼ € 182,988 |
| Equity | € 162,060 | € 182,322 | € 177,348 | € -10,614 | ▼ € 187,962 |
| Total debts | € 29,753 | € 13,409 | € 9,880 | € 10,962 | ▲ 11% |
| Cash | € 5,733 | € 325 | € 80 | € 220 | ▲ 174% |
| Retained profit | € -37,940 | € -17,678 | € -22,652 | € -210,614 | ▼ € 187,962 |
| Balance sheet total | € 191,813 | € 195,731 | € 187,228 | € 348 | ▼ € 186,880 |
Key figures of 5S, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to 5S?
What happened at 5S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 187,962. Source: NBB ↗
- Smart Papaya BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,759 loss in 2023 to € 187,962 loss in 2026.
Paid € 60,238 in corporate taxes since 2023.
Best year ever: 2024, with € 20,262 profit.
Management
The stake of Smart Papaya comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
5SBehind 5S is Smart Papaya BV. The shares are held by Smart Papaya (75%). It owns 100% of Dutoict itself.
Directors
According to the 2026 annual accounts
since 2021
Shareholders
75%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 934
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0632.894.217
- VAT number
- BE 0632.894.217
- Registered office
- Kortrijksesteenweg 934, 9000 Gent
- Names & denominations
- 5S
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2015
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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