ACTARUS
ActiveSummary
ACTARUS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.9m and a net result of -€711,600. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-17
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €240,000 at 30 days acceptable
Liquidity ample (current ratio 69.89 against 27.02 in 2024; short-term debt: 1% and cash: 4% of total assets), and 1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
99%
Return on assets
-18.2%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year -€711,600
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
54 d late
2023
31 d late
2022
179 d late
2021
544 d late
2020
121 d late
2019
96 d late
← 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 150 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3.9m▼ 17.3%
2024 · €4.7m
Total assets
€3.9m▼ 18.8%
2024 · €4.8m
Net result
-€711,600▼ 1,081%
2024 · -€60,269
Working capital
€2.8m▼ 15.5%
2024 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3.8m▲ 4,642%€139,745▼ 96.3%-€56,236-€78,052▼ 38.8%-€773,022▼ 890%
Net result€3.8m▲ 7,047%€92,655▼ 97.5%€555,745▲ 500%-€60,269-€711,600▼ 1,081%
Equity€4.2m▲ 939%€4.3m▲ 2.2%€4.7m▲ 10.8%€4.7m▼ 1.3%€3.9m▼ 17.3%
Total assets€4.3m▲ 760%€4.4m▲ 1.8%€4.9m▲ 12.3%€4.8m▼ 2.1%€3.9m▼ 18.8%
Debt€117,775▲ 20.7%€103,330▼ 12.3%€177,241▲ 71.5%€133,984▼ 24.4%€40,014▼ 70.1%
Working capital€151,285▲ 162%€246,466▲ 62.9%€3.7m▲ 1,384%€3.3m▼ 10.9%€2.8m▼ 15.5%
Staff (FTE)1▲ 233%1=1=4.5▲ 350%1.6▼ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €773,022 in 2025 against €78,052 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€1.1m ▼ 22.0%
Current assets
€2.8m ▼ 17.4%
Equity and liabilities €3.9m
Equity
€3.9m ▼ 17.3%
Debt
€40,014 ▼ 70.1%
Debt's share of the balance-sheet total falls from 2.8% to 1.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€751,137▼
2024 · -€60,091
Cash flow
-€689,715▼
2024 · -€42,307
Current ratio
69.89▲
2024 · 27.02
Debt to equity
0.01▼
2024 · 0.03
ROE
-18.4%▼
2024 · -1.3%
ROA
-18.2%▼
2024 · -1.3%
Interest coverage
-107.87▼
2024 · -25.21
Debt ≤ 1 year
€40,014▼
2024 · €125,312
Income taxes
€379▼
2024 · €821
Staff costs
€117,604▼
2024 · €207,723
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3.7m | - | - | - | €2,667 | - |
| Remuneration, social security and pensions62 | €8,054 | €8,300 | €41,212 | €207,723 | €117,604 | ▼ 43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,873 | €17,985 | €17,236 | €17,961 | €21,885 | ▲ 21.8% |
| Other operating charges640/8 | €3,019 | €100 | €629 | €4,226 | €8,865 | ▲ 110% |
| Non-recurring operating charges66A | €11,624 | - | €1,704 | - | €725,292 | - |
| Gross operating margin9900 | €3.8m | €166,130 | €4,546 | €151,859 | €100,624 | ▼ 33.7% |
| Operating profit (loss)9901 | €3.8m | €139,745 | -€56,236 | -€78,052 | -€773,022 | ▼ 890% |
| Financial income75/76B | - | - | €743,928 | €20,988 | €68,765 | ▲ 228% |
| Recurring financial income75 | - | - | €655 | €20,988 | €68,765 | ▲ 228% |
| Non-recurring financial income76B | - | - | €743,273 | - | - | - |
| Financial charges65/66B | €1,864 | €2,897 | €5,905 | €2,383 | €6,963 | ▲ 192% |
| Recurring financial charges65 | €1,864 | €2,897 | €5,905 | €2,383 | €6,963 | ▲ 192% |
| Profit (loss) for the period before taxes9903 | €3.8m | €136,847 | €681,787 | -€59,448 | -€711,221 | ▼ 1,096% |
| Transfer from deferred taxes780 | €2,106 | - | - | - | - | - |
| Income taxes67/77 | €46,232 | €44,192 | €126,042 | €821 | €379 | ▼ 53.8% |
| Profit (loss) for the period9904 | €3.8m | €92,655 | €555,745 | -€60,269 | -€711,600 | ▼ 1,081% |
| Profit (loss) for the period to be appropriated9905 | €3.8m | €92,655 | €555,745 | -€60,269 | -€711,600 | ▼ 1,081% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.4m | €4.9m | €4.8m | €3.9m | ▼ 18.8% |
| Fixed assets21/28 | €4.1m | €4.1m | €1.1m | €1.4m | €1.1m | ▼ 22.0% |
| Tangible fixed assets22/27 | €72,293 | €57,296 | €46,419 | €45,914 | €33,188 | ▼ 27.7% |
| Furniture and vehicles24 | €69,662 | €52,883 | €42,663 | €42,817 | €30,748 | ▼ 28.2% |
| Other tangible fixed assets26 | €2,631 | €4,413 | €3,755 | €3,098 | €2,440 | ▼ 21.2% |
| Financial fixed assets28 | €4.0m | €4.0m | €1.1m | €1.4m | €1.1m | ▼ 21.8% |
| Current assets29/58 | €222,408 | €315,616 | €3.8m | €3.4m | €2.8m | ▼ 17.4% |
| Amounts receivable after more than one year29 | - | - | €3.0m | €3.1m | €2.3m | ▼ 24.3% |
| Other amounts receivable291 | - | - | €3.0m | €3.1m | €2.3m | ▼ 24.3% |
| Amounts receivable within one year40/41 | €43,582 | €27,421 | €30,117 | €198,463 | €306,277 | ▲ 54.3% |
| Trade receivables40 | €24,200 | €24,563 | €21,780 | €163,490 | €259,919 | ▲ 59.0% |
| Other amounts receivable41 | €19,382 | €2,858 | €8,337 | €34,973 | €46,358 | ▲ 32.6% |
| Current investments50/53 | - | - | €600,000 | - | - | - |
| Cash at bank and in hand54/58 | €176,260 | €274,915 | €182,214 | €111,470 | €157,006 | ▲ 40.8% |
| Deferred charges and accrued income490/1 | €2,567 | €13,280 | €1,250 | €626 | €5,516 | ▲ 782% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.4m | €4.9m | €4.8m | €3.9m | ▼ 18.8% |
| Equity10/15 | €4.2m | €4.3m | €4.7m | €4.7m | €3.9m | ▼ 17.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €4.2m | €4.3m | €4.2m | €4.2m | €4.1m | ▼ 2.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €4.2m | €4.2m | €4.2m | €4.2m | €4.1m | ▼ 2.3% |
| Profit (loss) carried forward14 | - | - | €555,745 | €495,476 | -€216,124 | ▼ 144% |
| Amounts payable17/49 | €117,775 | €103,330 | €177,241 | €133,984 | €40,014 | ▼ 70.1% |
| Amounts payable after more than one year17 | €46,652 | €34,180 | €21,521 | €8,673 | - | - |
| Financial debts170/4 | €46,652 | €34,180 | €21,521 | €8,673 | - | - |
| Amounts payable within one year42/48 | €71,124 | €69,150 | €155,720 | €125,312 | €40,014 | ▼ 68.1% |
| Current portion of amounts payable after more than one year42 | €15,076 | €15,478 | €15,702 | €15,685 | €8,673 | ▼ 44.7% |
| Financial debts43 | - | €645 | - | - | - | - |
| Credit institutions430/8 | - | €645 | - | - | - | - |
| Trade debts44 | €2,311 | €10,007 | €10,232 | €12,418 | €9,341 | ▼ 24.8% |
| Suppliers440/4 | €2,311 | €10,007 | €10,232 | €12,418 | €9,341 | ▼ 24.8% |
| Taxes, remuneration and social security45 | €53,501 | €42,615 | €118,760 | €87,586 | €9,226 | ▼ 89.5% |
| Taxes450/3 | €53,305 | €42,615 | €108,656 | €76,807 | €8,285 | ▼ 89.2% |
| Remuneration and social security454/9 | €196 | - | €10,104 | €10,778 | €941 | ▼ 91.3% |
| Other amounts payable47/48 | €235 | €405 | €11,026 | €9,624 | €12,775 | ▲ 32.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.8m | €92,655 | €555,745 | -€60,269 | -€711,600 | ▼ 1,081% |
| + Depreciation and write-downs630 | €9,873 | €17,985 | €17,236 | €17,961 | €21,885 | ▲ 21.8% |
| Operating cash flow (approximation) | €3.8m | €110,641 | €572,981 | -€42,307 | -€689,715 | ▼ 1,530% |
| Investment in fixed assets (approximation) | - | -€2,988 | €2.9m | -€342,457 | €290,841 | ▲ 185% |
| Change in cash | - | €98,655 | -€92,701 | -€70,743 | €45,535 | ▲ 164% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet -€711,600
Net result drops to -€711,600, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 69.89
Current ratio from 27.02 to 69.89; short-term debt falls from €125,312 to €40,014.
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 544 days late
2023
31-12
Financial
Liquidity times 5current ratio 24.49
Current ratio from 4.56 to 24.49.
2021
31-12
Financial
Highest result since 2018net €3.8m ▲7,047%
Operating result €3.8m, net result €3.8m, both a record.
31-12
Financial
Equity above €2mEq €4.2m ▲939%
4 profitable years in a row build equity to €4.2m.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
Show earlier events
2019
31-12
Financial
Liquidity doublescurrent ratio 1.65
Current ratio from 0.74 to 1.65.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
13-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 83 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2014
04-02
State Gazette act
General meeting · Capital increase
Bank account · Capital
2012
23-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vorst · 1 establishment unit since 2001
Ground area
185 m²
Building footprint
84 m²
Volume, LiDAR
760 m³
Parcel 21384D0280/00M025, Brussels · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Stuart Merrilllaan 65, 1190 Vorst
since 20012.098.009.238
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0280/00M025 | Brussels | 185 m² | 1 · 84 m² | 13.2 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
- MinPass Société par Actions Simplifiée-RCS Lyon 953 567 609FRSourceown accounts 2025Equity €4.8mResult -€1,51616.76%
-
12.82%
According to the 2025 annual accounts of ACTARUS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 13,440 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
Founded26-02-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0474183609
Registered
28-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.