Activ'Services
ActiveSummary
Activ'Services has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€102,496) and a net result of -€12,411. Equity is shrinking by ~42.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+17
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.34 in 2024; short-term debt: 93.7% and cash: 19.2% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-31.8%
Return on assets
-3.8%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€102,496
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
98 d early
2023
104 d early
2022
3 d early
2021
23 d early
2020
24 d late
2019
45 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 31 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 1 June (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€0
2021 · €0
EBIT margin
Not included in this filing
Net result
-€12,411▲ 58.8%
2024 · -€30,120
Working capital
-€187,924▼ 23.0%
2024 · -€152,730
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€0
Operating result€15,241-€51,756-€49,346▲ 4.7%-€12,245▲ 75.2%€4,729
Net result€24,173within the sector's middle half-€58,122below the sector's middle half-€55,690below the sector's middle half▲ 4.2%-€30,120below the sector's middle half▲ 45.9%-€12,411below the sector's middle half▲ 58.8%
Equity€53,846below the sector's middle half▲ 11.2%-€4,276below the sector's middle half-€59,966below the sector's middle half▼ 1,302%-€90,085below the sector's middle half▼ 50.2%-€102,496below the sector's middle half▼ 13.8%
Total assets€474,135below the sector's middle half▲ 5.9%€386,531below the sector's middle half▼ 18.5%€362,085below the sector's middle half▼ 6.3%€277,140below the sector's middle half▼ 23.5%€322,515below the sector's middle half▲ 16.4%
Debt€420,289▲ 5.2%€390,807▼ 7.0%€422,050▲ 8.0%€367,225▼ 13.0%€425,011▲ 15.7%
Working capital-€35,836below the sector's middle half▼ 29.9%-€98,982below the sector's middle half▼ 176%-€147,734below the sector's middle half▼ 49.3%-€152,730below the sector's middle half▼ 3.4%-€187,924below the sector's middle half▼ 23.0%
Solvency11.4%below the sector's middle half▲ 0.5pp-1.1%below the sector's middle half▼ 12.5pp-16.6%below the sector's middle half▼ 15.5pp-32.5%below the sector's middle half▼ 15.9pp-31.8%below the sector's middle half▲ 0.7pp
Current ratio0.84below the sector's middle half▼ 0.030.54below the sector's middle half▼ 0.300.47below the sector's middle half▼ 0.070.34below the sector's middle half▼ 0.130.38below the sector's middle half▲ 0.04
Return on assets (ROA)5.1%within the sector's middle half▲ 15.2pp-15.0%below the sector's middle half▼ 20.1pp-15.4%below the sector's middle half▼ 0.3pp-10.9%below the sector's middle half▲ 4.5pp-3.8%below the sector's middle half▲ 7.0pp
Staff (FTE)59.8above the sector's middle half▼ 2.3%81.7above the sector's middle half▲ 36.6%80.6above the sector's middle half▼ 1.3%74.9above the sector's middle half▼ 7.1%74.9above the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,729 after a loss of €12,245 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €322,515
Fixed assets
€208,249 ▲ 4.8%
Current assets
€114,266 ▲ 45.8%
Key figures and ratios
EBITDA
€17,316▲
2024 · €591
Cash flow
€176▲
2024 · -€17,284
Debt to equity
-4.15▼
2024 · -4.08
Interest coverage
1.01▲
2024 · 0.03
Debt ≤ 1 year
€302,190▲
2024 · €231,076
Debt > 1 year
€121,370▼
2024 · €134,989
Income taxes
€61▼
2024 · €570
Staff costs
€1.2m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 129 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- negative equity
- a small loss
1.6%
went bankrupt
2.3%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,338 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% | 1.9% |
| 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 129 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,618 | €36,658 | €37,771 | €12,836 | €12,587 | ▼ 1.9% |
| Other operating charges640/8 | €13,494 | €1,150 | €1,496 | €14,582 | €3,041 | ▼ 79.1% |
| Non-recurring operating charges66A | €368 | €769 | €152 | €595 | €62 | ▼ 89.5% |
| Gross operating margin9900 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▲ 1.0% |
| Operating profit (loss)9901 | €15,241 | -€51,756 | -€49,346 | -€12,245 | €4,729 | ▲ 139% |
| Financial income75/76B | €4 | €0 | €3 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €4 | €0 | €3 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €5,385 | €5,359 | €5,726 | €17,305 | €17,079 | ▼ 1.3% |
| Recurring financial charges65 | €5,385 | €5,359 | €5,726 | €17,305 | €17,079 | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €9,860 | -€57,116 | -€55,068 | -€29,549 | -€12,350 | ▲ 58.2% |
| Transfer from deferred taxes780 | €18,750 | - | - | - | - | - |
| Income taxes67/77 | €4,437 | €1,006 | €621 | €570 | €61 | ▼ 89.3% |
| Profit (loss) for the period9904 | €24,173 | -€58,122 | -€55,690 | -€30,120 | -€12,411 | ▲ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €24,173 | -€58,122 | -€55,690 | -€30,120 | -€12,411 | ▲ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €474,135 | €386,531 | €362,085 | €277,140 | €322,515 | ▲ 16.4% |
| Formation expenses20 | €11,974 | €5,987 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €271,966 | €264,784 | €233,000 | €198,794 | €208,249 | ▲ 4.8% |
| Intangible fixed assets21 | - | - | - | - | €22,041 | - |
| Tangible fixed assets22/27 | €271,966 | €264,784 | €233,000 | €198,794 | €186,207 | ▼ 6.3% |
| Land and buildings22 | €179,217 | €172,819 | €166,421 | €160,023 | €153,625 | ▼ 4.0% |
| Plant, machinery and equipment23 | €5,671 | €3,713 | €2,176 | €1,288 | €650 | ▼ 49.6% |
| Furniture and vehicles24 | €43,258 | €39,668 | €21,370 | €0 | €0 | - |
| Other tangible fixed assets26 | €43,819 | €48,583 | €43,033 | €37,483 | €31,933 | ▼ 14.8% |
| Assets under construction and advance payments27 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €190,195 | €115,759 | €129,085 | €78,346 | €114,266 | ▲ 45.8% |
| Amounts receivable within one year40/41 | €40,496 | €39,738 | €54,554 | €8,602 | €28,608 | ▲ 233% |
| Trade receivables40 | €1,000 | €0 | €25,784 | €8,183 | €28,591 | ▲ 249% |
| Other amounts receivable41 | €39,496 | €39,738 | €28,771 | €418 | €17 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €98,595 | €33,319 | €53,013 | €41,918 | €61,955 | ▲ 47.8% |
| Deferred charges and accrued income490/1 | €51,105 | €42,703 | €21,517 | €27,827 | €23,703 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €474,135 | €386,531 | €362,085 | €277,140 | €322,515 | ▲ 16.4% |
| Equity10/15 | €53,846 | -€4,276 | -€59,966 | -€90,085 | -€102,496 | ▼ 13.8% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €74,360 | €74,360 | €72,500 | €72,500 | €72,500 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €72,500 | €72,500 | €72,500 | €72,500 | €72,500 | = |
| Profit (loss) carried forward14 | -€39,114 | -€97,236 | -€152,926 | -€183,045 | -€195,456 | ▼ 6.8% |
| Amounts payable17/49 | €420,289 | €390,807 | €422,050 | €367,225 | €425,011 | ▲ 15.7% |
| Amounts payable after more than one year17 | €194,224 | €176,066 | €145,231 | €134,989 | €121,370 | ▼ 10.1% |
| Financial debts170/4 | €194,224 | €176,066 | €145,231 | €134,989 | €121,370 | ▼ 10.1% |
| Amounts payable within one year42/48 | €226,032 | €214,741 | €276,819 | €231,076 | €302,190 | ▲ 30.8% |
| Current portion of amounts payable after more than one year42 | €32,071 | €31,151 | €47,748 | €13,333 | €13,619 | ▲ 2.1% |
| Trade debts44 | €7,407 | €65,456 | €77,933 | €79,324 | €120,241 | ▲ 51.6% |
| Suppliers440/4 | €7,407 | €65,456 | €77,933 | €79,324 | €120,241 | ▲ 51.6% |
| Taxes, remuneration and social security45 | €185,828 | €118,134 | €150,994 | €138,419 | €168,331 | ▲ 21.6% |
| Taxes450/3 | €7,924 | €4,213 | €638 | €550 | €3,271 | ▲ 494% |
| Remuneration and social security454/9 | €177,904 | €113,921 | €150,356 | €137,869 | €165,060 | ▲ 19.7% |
| Other amounts payable47/48 | €726 | - | €144 | €0 | - | - |
| Accrued charges and deferred income492/3 | €34 | €0 | - | €1,160 | €1,450 | ▲ 25.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,173 | -€58,122 | -€55,690 | -€30,120 | -€12,411 | ▲ 58.8% |
| + Depreciation and write-downs630 | €19,618 | €36,658 | €37,771 | €12,836 | €12,587 | ▼ 1.9% |
| Operating cash flow (approximation) | €43,790 | -€21,464 | -€17,918 | -€17,284 | €176 | ▲ 101% |
| Investment in fixed assets (approximation) | - | -€29,477 | -€5,987 | €21,370 | -€22,041 | ▼ 203% |
| Change in cash | - | -€65,276 | €19,694 | -€11,096 | €20,037 | ▲ 281% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€58,122
Net result drops to -€58,122, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €24,173
Net result €24,173 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 45 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Chaudfontaine · 2 establishment units since 2010
Ground area
1,460 m²
Building footprint
413 m²
Volume, LiDAR
4,389 m³
3 parcels, Wallonia · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
Activ'Services
since 20102.187.536.278
Activ'Services
since 20202.317.810.248
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61078E0255/00R007 | Wallonia | 710 m² | 1 · 89 m² | 8.1 m · 2 fl. |
| 62030C0112/00Z002 | Wallonia | 412 m² | 1 · 64 m² | 7.7 m · 2 fl. |
| 62002C0800/00D000 | Wallonia | 337 m² | 1 · 260 m² | 13.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 34 EUR awarded · 34 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 34 EUR | 34 EUR |
Schemes
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,408. 907 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
Founded27-01-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
96910Personal service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822644528
Also
9925:BE0822644528
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.