1 n 2
ActiveSummary
1 n 2 has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,386 and a net result of €13,854. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 7.38 against 7.91 in 2023; short-term debt: 12.2% and cash: 69.4% of total assets), and 12.2% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
31 d early
2023
37 d early
2022
61 d early
2021
52 d early
2020
87 d early
2019
57 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€42,386▼ 4.5%
2023 · €44,365
Total assets
€48,279▼ 3.4%
2023 · €49,990
Net result
€13,854▼ 22.2%
2023 · €17,808
Working capital
€37,626▼ 2.1%
2023 · €38,439
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€867€20,796▲ 2,299%€27,258▲ 31.1%€24,101▼ 11.6%€20,869▼ 13.4%
Net result€867within the sector's middle half€20,736within the sector's middle half▲ 2,293%€21,593within the sector's middle half▲ 4.1%€17,808within the sector's middle half▼ 17.5%€13,854within the sector's middle half▼ 22.2%
Equity-€15,772below the sector's middle half▲ 5.2%€4,965below the sector's middle half€26,557within the sector's middle half▲ 435%€44,365within the sector's middle half▲ 67.1%€42,386within the sector's middle half▼ 4.5%
Total assets€2,008below the sector's middle half▲ 124%€13,340below the sector's middle half▲ 564%€31,391below the sector's middle half▲ 135%€49,990below the sector's middle half▲ 59.2%€48,279below the sector's middle half▼ 3.4%
Debt€17,780▲ 1.4%€8,376▼ 52.9%€4,834▼ 42.3%€5,625▲ 16.4%€5,893▲ 4.8%
Working capital-€16,385below the sector's middle half€3,593within the sector's middle half€24,355within the sector's middle half▲ 578%€38,439within the sector's middle half▲ 57.8%€37,626within the sector's middle half▼ 2.1%
Solvency37.2%within the sector's middle half84.6%above the sector's middle half▲ 47.4pp88.7%above the sector's middle half▲ 4.1pp87.8%above the sector's middle half▼ 1.0pp
Current ratio1.43within the sector's middle half6.04above the sector's middle half▲ 4.617.91above the sector's middle half▲ 1.887.38above the sector's middle half▼ 0.53
Return on assets (ROA)155.4%above the sector's middle half68.8%above the sector's middle half▼ 86.7pp35.6%above the sector's middle half▼ 33.2pp28.7%above the sector's middle half▼ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 13% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,279
Fixed assets
€4,760 ▼ 20.6%
Current assets
€43,519 ▼ 1.1%
Equity and liabilities €48,279
Equity
€42,386 ▼ 4.5%
Debt
€5,893 ▲ 4.8%
Debt's share of the balance-sheet total rises from 11.3% to 12.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22,101▼
2023 · €24,619
Cash flow
€15,085▼
2023 · €18,327
Debt to equity
0.14▲
2023 · 0.13
ROE
32.7%▼
2023 · 40.1%
Interest coverage
65.81▼
2023 · 352.86
Debt ≤ 1 year
€5,893▲
2023 · €5,560
Income taxes
€6,686▲
2023 · €6,223
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €286 | €282 | €226 | €519 | €1,231 | ▲ 137% |
| Other operating charges640/8 | - | €536 | €467 | €927 | €513 | ▼ 44.6% |
| Gross operating margin9900 | €1,616 | €21,613 | €27,950 | €25,546 | €22,614 | ▼ 11.5% |
| Operating profit (loss)9901 | €867 | €20,796 | €27,258 | €24,101 | €20,869 | ▼ 13.4% |
| Financial income75/76B | - | €2 | €0 | - | €6 | - |
| Recurring financial income75 | - | €2 | €0 | - | €6 | - |
| Financial charges65/66B | - | €62 | €58 | €70 | €336 | ▲ 381% |
| Recurring financial charges65 | €0 | €62 | €58 | €70 | €336 | ▲ 381% |
| Profit (loss) for the period before taxes9903 | €867 | €20,736 | €27,200 | €24,031 | €20,540 | ▼ 14.5% |
| Income taxes67/77 | - | - | €5,607 | €6,223 | €6,686 | ▲ 7.4% |
| Profit (loss) for the period9904 | €867 | €20,736 | €21,593 | €17,808 | €13,854 | ▼ 22.2% |
| Profit (loss) for the period to be appropriated9905 | €867 | €20,736 | €21,593 | €17,808 | €13,854 | ▼ 22.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,008 | €13,340 | €31,391 | €49,990 | €48,279 | ▼ 3.4% |
| Fixed assets21/28 | €613 | €1,371 | €2,202 | €5,992 | €4,760 | ▼ 20.6% |
| Tangible fixed assets22/27 | €241 | €1,000 | €1,830 | €5,620 | €4,389 | ▼ 21.9% |
| Plant, machinery and equipment23 | - | - | €1,039 | €828 | €616 | ▼ 25.5% |
| Furniture and vehicles24 | - | €1,000 | €791 | €4,792 | €3,772 | ▼ 21.3% |
| Financial fixed assets28 | €372 | €372 | €372 | €372 | €372 | = |
| Current assets29/58 | €1,395 | €11,969 | €29,189 | €43,998 | €43,519 | ▼ 1.1% |
| Amounts receivable within one year40/41 | €1,187 | €8,310 | €18,083 | €19,038 | €9,709 | ▼ 49.0% |
| Trade receivables40 | - | €8,310 | €9,689 | €13,260 | €6,395 | ▼ 51.8% |
| Other amounts receivable41 | - | - | €8,395 | €5,777 | €3,314 | ▼ 42.6% |
| Cash at bank and in hand54/58 | €208 | €3,527 | €11,063 | €24,842 | €33,529 | ▲ 35.0% |
| Deferred charges and accrued income490/1 | - | €132 | €43 | €119 | €281 | ▲ 137% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,008 | €13,340 | €31,391 | €49,990 | €48,279 | ▼ 3.4% |
| Equity10/15 | -€15,772 | €4,965 | €26,557 | €44,365 | €42,386 | ▼ 4.5% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €15,987 | ▼ 48.4% |
| Reserves13 | - | - | €10,000 | €13,378 | €26,399 | ▲ 97.3% |
| Distributable reserves133 | - | - | €10,000 | €13,378 | €26,399 | ▲ 97.3% |
| Profit (loss) carried forward14 | -€46,758 | -€26,022 | -€14,430 | - | - | - |
| Amounts payable17/49 | €17,780 | €8,376 | €4,834 | €5,625 | €5,893 | ▲ 4.8% |
| Amounts payable within one year42/48 | €17,780 | €8,376 | €4,834 | €5,560 | €5,893 | ▲ 6.0% |
| Trade debts44 | €62 | €317 | €1,020 | €961 | €882 | ▼ 8.3% |
| Suppliers440/4 | - | €317 | €1,020 | €961 | €882 | ▼ 8.3% |
| Taxes, remuneration and social security45 | - | €2,371 | €3,515 | €4,259 | €4,893 | ▲ 14.9% |
| Taxes450/3 | - | €176 | €3,515 | €3,372 | €3,910 | ▲ 15.9% |
| Remuneration and social security454/9 | - | €2,196 | - | €888 | €983 | ▲ 10.8% |
| Other amounts payable47/48 | - | €5,687 | €299 | €339 | €118 | ▼ 65.1% |
| Accrued charges and deferred income492/3 | - | - | - | €65 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €867 | €20,736 | €21,593 | €17,808 | €13,854 | ▼ 22.2% |
| + Depreciation and write-downs630 | €286 | €282 | €226 | €519 | €1,231 | ▲ 137% |
| Operating cash flow (approximation) | €1,152 | €21,018 | €21,819 | €18,327 | €15,085 | ▼ 17.7% |
| Investment in fixed assets (approximation) | - | -€1,041 | -€1,057 | -€4,308 | €0 | ▲ 100% |
| Change in cash | - | €3,318 | €7,537 | €13,779 | €8,687 | ▼ 37.0% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €21,593 ▲4.1%
Operating result €27,258, net result €21,593, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 6.04
Current ratio from 1.43 to 6.04; short-term debt falls from €8,376 to €4,834.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 18current ratio 1.43
Current ratio from 0.08 to 1.43; short-term debt falls from €17,780 to €8,376.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €867
Net result €867 after one loss-making year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€1,619
Net result drops to -€1,619, the lowest in the series; recovery starts the following year.
Show earlier events
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Oostende · 1 establishment unit since 1993
Ground area
1,825 m²
Building footprint
1,162 m²
Volume, LiDAR
11,247 m³
Parcel 35382D0700/00H002, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
ToonHouse
since 19932.062.230.985
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382D0700/00H002 | Flanders | 1,825 m² | 1 · 1,162 m² | 13.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 2,962 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
Founded14-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450085443
Registered
08-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.