Equity
€8,500 from €82,276 in 2021
Equity fell by 90% in 4 years.
A41
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €65,933 (2021)
-€18,702▲ €10,249
lowest -€33,964 (2024)
-€23,960▲ €10,004
peak €82,276 (2021)
€8,500▼ 73.8%
€4,075▲ 641%
Board2 names since 2000
2 directorsLindner Roderick and 1 other
Documentsfilings and deeds
29-04-20261 day before the deadline
2025micro format
Gross margin from -€28,951 to -€18,702Loss of €23,960Equity from €32,460 to €8,500Debts from €550 to €4,075Cash from €19,468 to €944
Key points
from the 2025 annual accountsLosses
-€73,776 in four years
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
Position in the sector
-€23,960
Lower net result than 92% of companies in advertising and market research. Sector median €14,755 · 8,618 companies.
Turnover not published (micro format)
Checked score
54
Fair
Financially stronger than 28% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 0.5%● unchanged vs 05-2026highest value
07-2026: 0.5%● unchanged vs 06-2026highest value
08-2026: 0.5%● unchanged vs 07-2026highest value
09-2026: 0.5%● unchanged vs 08-2026highest value
10-2026: 0.3%▼ -0.2 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €23,960, the second in a row (financial year 2025)
lowers risk
Size: total assets €12,576
Founded in 2000
Figures for financial year 2025 (filed on 29-04-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 65% of them on solvency, 31% on liquidity, 6% on profitability and 9% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as A41 has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of A41 itself is lower: 0.3% within 12 months. It rests on far more data about A41 than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for A41. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 2.64, above the usual 1.5. Short-term debt is 29% and cash 7.5% of total assets. 32.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€23,960
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
2 days early
2021
30 days early
2020
32 days early
2019
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473473727
Appointment: Dottermans Evy (director)
Gazette deed
First establishment
Bierbeekstraat 122, Bierbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| A41 Bierbeek | €12,576 | -€18,702 | 67.6% | - |
| CBO Huldenberg | €13,701 | -€2,680 | 100.0% | - |
| DREAMS et ASSOCIATES Hoeilaart | €15,374 | -€17,691 | -131.7% | - |
| METASCREEN Nivelles | €14,577 | -€21,979 | -113.0% | - |
| GLOBAL VIEW Ottignies-Louvain-la-Neuve | €14,583 | -€5,117 | 67.5% | - |
| MSAA-ventures Aalst | €14,810 | €351 | -1814.1% | - |
| M - IDEA Evergem | €10,688 | -€8,625 | 30.1% | - |
These companies have the same main activity as A41: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €10,700 and €15,400, founded between 1998 and 2003.
Official details
Source: KBO- Status
- Active since 11-12-2000Normal situation
- Activity
- Advertising agenciesNACE 73110and 2 others
- Establishment unit
- 2.100.110.1783360 Bierbeek, since 19-02-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-09-2025
- €12,576▼ 61.9%
- Filing
- Filed on 29-04-2026, 1 day before the end of the filing period
Insights on A41
A41 files the micro format. That format states no turnover. The gross margin fell from €11,086 in 2006 to -€18,702 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about A41
- What is the company number of A41?
- The company number of A41 is 0473.473.727. The VAT number is the same number with BE in front: BE 0473.473.727.
- Where is A41 based?
- The registered office is at Bierbeekstraat 122, 3360 Bierbeek.Company details
- What does A41 do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of A41?
- A41 is a private limited company (pre-2019) (BVBA).
- When was A41 founded?
- A41 was founded on 11-12-2000.
- Is A41 still active?
- Yes, A41 is an active enterprise in the KBO register.
- What is the turnover of A41?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is A41 profitable?
- In financial year 2025, A41 made a loss of €23,960.
- Where can I find the annual accounts of A41?
- A41 filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of A41 due?
- A41 must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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