1997visions

Active

Private limited companyfounded 20223 yrs activeSteenweg op Alsemberg 1404, 1620 Drogenbos, BelgiumKBO/BCE: BE 0792.212.361

Summary

The computed 12-month bankruptcy probability of 1997visions is 6.5% (elevated). The 2024 annual accounts show equity of €8k and a net result of €10k. Its solvency ranks better than 33% of 18941 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

38 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability78▲+39

Solvency34▲+11

Growth78

Track record94

Bankruptcy probability, 12 months

6.5% Elevated

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity short (current ratio 0.41 against 0.29 in 2023; short-term debt: 91.4% and cash: 8.2% of total assets), and 91.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

8.6%

Return on assets

10.7%

Age of the figures

21 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

30 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€8k

2023 · €-2k

2023: €-2k

2023 → 2024

Total assets

€96k▼ 9.4%

2023 · €105k

2023: €105k

2023 → 2024

Net result

€10k

2023 · €-6k

2023: €-6k

2023 → 2024

Working capital

€-52k▲ 32.7%

2023 · €-77k

2023: €-77k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€-2k-€8k

Operating result€642-€9k▲ 1,349%

Net result€-6k-€10k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 1,349% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €96k

62.5%

37.5%

Fixed assets €60k ▼ 19.8%

Current assets €36k ▲ 15.5%

Equity and liabilities €96k

91.4%

Equity €8k

Debt €87k

Debt finances 91.4% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€29k▲

2023 · €21k

Cash flow

€30k▲

2023 · €14k

Current ratio

0.41▲

2023 · 0.29

Debt to equity

10.62▲

2023 · -53.20

ROE

124.6%

ROA

10.7%▲

2023 · -5.7%

Interest coverage

5.54▲

2023 · 3.23

Debt ≤ 1 year

€87k▼

2023 · €107k

Income taxes

€4k▲

2023 · €281

Staff costs

€38k▼

2023 · €44k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines

Balance sheet Code20232024

Assets

Total assets20/58€105k€96k▼

Fixed assets21/28€74k€60k▼

Tangible fixed assets22/27€74k€59k▼

Plant, machinery and equipment23€43k€32k▼

Furniture and vehicles24€8k€6k▼

Other tangible fixed assets26€23k€21k▼

Financial fixed assets28-€900

Current assets29/58€31k€36k▲

Amounts receivable within one year40/41€27k€28k▲

Trade receivables40€27k€27k▲

Other amounts receivable41-€619

Cash at bank and in hand54/58€4k€8k▲

Deferred charges and accrued income490/1€174-

Equity and liabilities

Total equity and liabilities10/49€105k€96k▼

Equity10/15€-2k€8k▲

Contributions10/11€4k€4k=

Profit (loss) carried forward14€-6k€4k▲

Amounts payable17/49€107k€87k▼

Amounts payable within one year42/48€107k€87k▼

Trade debts44€28k€12k▼

Suppliers440/4€28k€12k▼

Taxes, remuneration and social security45€14k€9k▼

Taxes450/3€10k€4k▼

Remuneration and social security454/9€5k€5k▼

Other amounts payable47/48€66k€66k▲

Income statement Code20232024

Remuneration, social security and pensions62€44k€38k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€19k▼

Other operating charges640/8€50€5k▲

Gross operating margin9900€64k€71k▲

Operating profit (loss)9901€642€9k▲

Financial income75/76B€16€10k▲

Recurring financial income75€16€10k▲

Financial charges65/66B€6k€5k▼

Recurring financial charges65€6k€5k▼

Profit (loss) for the period before taxes9903€-6k€14k▲

Income taxes67/77€281€4k▲

Profit (loss) for the period9904€-6k€10k▲

Profit (loss) for the period to be appropriated9905€-6k€10k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-6k€4k▲

Profit (loss) brought forward from the previous period14P-€-6k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Back to profitnet €10k

Net result €10k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Drogenbos · 2 establishment units since 2022

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Steenweg op Alsemberg 14041620 Drogenbos

Ground area

1,009 m²

Building footprint

453 m²

Volume, LiDAR

2,744 m³

2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

1997visions

Bergensesteenweg 137, 1600 Sint-Pieters-LeeuwCafés and bars

since 20222.337.272.606

L'Exutoire

Steenweg op Alsemberg 1404, 1620 DrogenbosCafés and bars

since 20232.344.603.628

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23077A0167/02M005	Flanders	751 m²	1 · 301 m²	11.9 m · 1 fl.
22003A0066/00D000	Flanders	258 m²	1 · 152 m²	11.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Drogenbos2.344.603.628

1 permission

Drankgelegenheid · since 11-04-2023

Similar companies · same sector, comparable size

Leuze-en-Hainaut · Eq €8,244

ERDIT-2011

BE 0742.637.641

Sint-Pieters-Leeuw · Eq €8,194

Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 3,325 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded07-10-2022

Fiscal year end31-12

Abbreviation NL 1997

Activities, NACEBEL 2025

56301Cafés and bars

70200Business and other management consultancy

73110Advertising agencies

73300Public relations and communication consultancy

82300Organisation of conventions and trade shows

93299Other amusement and recreation activities

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:vassili97@outlook.com

Enterprise

E-mail:1997visions@gmail.com

Establishment Sint-Pieters-Leeuw 2.337.272.606