ACTUS
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 72 days after the deadline Filed on 11 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00553405.
Annual accounts 2025 filed on 11-10-2026 at the NBB all 24 filings
Turnover
€364,027▲ 2.2%
2024 · €356,072
EBIT margin
6.1%▼ 1.9pp
2024 · 8.0%
Net result
€15,112▼ 27.5%
2024 · €20,848
Working capital
€161,113▲ 10.4%
2024 · €146,002
In the rankings
#6 oldest company in Wavre, Arts, sports and recreation sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€364,027
▲ 2.2%
2025
20182025
Operating result
€22,375
▼ 21.8%
2025
20182025
Net result
€15,112
▼ 27.5%
2025
middle half of the sector
20182025
EBIT margin
6.1%
▼ 1.9pp
2025
20182025
Equity
€167,988
▲ 9.9%
2025
middle half of the sector
20182025
Total assets
€232,483
▲ 4.0%
2025
middle half of the sector
20182025
Debt
€64,495
▼ 8.6%
2025
20182025
Working capital
€161,113
▲ 10.4%
2025
middle half of the sector
20182025
Solvency
72.3%
▲ 3.8pp
2025
highest quarter of the sector
20182025
Current ratio
3.50
▲ 0.43
2025
highest quarter of the sector
20182025
Return on assets (ROA)
6.5%
▼ 2.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€309,513-€388,733▲ 25.6%€309,830▼ 20.3%€290,613▼ 6.2%€313,096▲ 7.7%€344,181▲ 9.9%€356,072▲ 3.5%€364,027▲ 2.2%
Operating result€12,765-€71,702▲ 462%€20,025▼ 72.1%-€25,848-€12,910▲ 50.1%€21,957€28,607▲ 30.3%€22,375▼ 21.8%
Net result-€6,456-€49,236-€3,634within the sector's middle half-€26,674below the sector's middle half▼ 634%-€29,154below the sector's middle half▼ 9.3%€12,462within the sector's middle half€20,848within the sector's middle half▲ 67.3%€15,112within the sector's middle half▼ 27.5%
EBIT margin4.1%-18.4%▲ 14.3pp6.5%▼ 12.0pp-8.9%▼ 15.4pp-4.1%▲ 4.8pp6.4%▲ 10.5pp8.0%▲ 1.7pp6.1%▼ 1.9pp
Equity€100,752-€149,988▲ 48.9%€146,354within the sector's middle half▼ 2.4%€119,681within the sector's middle half▼ 18.2%€90,527within the sector's middle half▼ 24.4%€132,029within the sector's middle half▲ 45.8%€152,876within the sector's middle half▲ 15.8%€167,988within the sector's middle half▲ 9.9%
Total assets€144,912-€200,843▲ 38.6%€211,791within the sector's middle half▲ 5.5%€194,980within the sector's middle half▼ 7.9%€134,671below the sector's middle half▼ 30.9%€180,410below the sector's middle half▲ 34.0%€223,454below the sector's middle half▲ 23.9%€232,483within the sector's middle half▲ 4.0%
Debt€44,160-€50,855▲ 15.2%€65,436▲ 28.7%€75,299▲ 15.1%€44,144▼ 41.4%€48,381▲ 9.6%€70,578▲ 45.9%€64,495▼ 8.6%
Working capital€86,902-€135,975▲ 56.5%€135,234within the sector's middle half▼ 0.5%€110,544within the sector's middle half▼ 18.3%€83,360within the sector's middle half▼ 24.6%€131,087within the sector's middle half▲ 57.3%€146,002within the sector's middle half▲ 11.4%€161,113within the sector's middle half▲ 10.4%
Solvency69.5%-74.7%▲ 5.2pp69.1%above the sector's middle half▼ 5.6pp61.4%within the sector's middle half▼ 7.7pp67.2%above the sector's middle half▲ 5.8pp73.2%above the sector's middle half▲ 6.0pp68.4%above the sector's middle half▼ 4.8pp72.3%above the sector's middle half▲ 3.8pp
Current ratio2.97-3.67▲ 0.713.07within the sector's middle half▼ 0.612.47within the sector's middle half▼ 0.602.89within the sector's middle half▲ 0.423.71within the sector's middle half▲ 0.823.07within the sector's middle half▼ 0.643.50above the sector's middle half▲ 0.43
Return on assets (ROA)-4.5%-24.5%▲ 29.0pp-1.7%within the sector's middle half▼ 26.2pp-13.7%below the sector's middle half▼ 12.0pp-21.6%below the sector's middle half▼ 8.0pp6.9%within the sector's middle half▲ 28.6pp9.3%within the sector's middle half▲ 2.4pp6.5%within the sector's middle half▼ 2.8pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 22% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,665
Fixed assets
€6,056 =
Current assets
€225,609 ▲ 4.2%
Equity and liabilities €232,483
Equity
€167,988 ▲ 9.9%
Debt
€64,495 ▼ 8.6%
Debt's share of the balance-sheet total falls from 31.6% to 27.7%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.38▼
2024 · 0.46
ROE
9.0%▼
2024 · 13.6%
Debt ≤ 1 year
€64,495▼
2024 · €70,578
Income taxes
€7,230▼
2024 · €8,025
Customer credit
63 days▲
2024 · 57 days
Supplier credit
1 day▼
2024 · 2 days
Staff costs
€41,902▼
2024 · €41,930
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €6,929 | - |
| Financial fixed assets | - | €14 | - | - | - |
| Depreciation and write-downs of the year | €1,984 | €1,984 | €1,984 | €996 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Public contracts
1 award · 2025
la désignation d'un directeur pour La Sucrerie
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €309,513 | €388,733 | €309,830 | €290,613 | €313,096 | €344,181 | €356,072 | €364,027 | ▲ 2.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €270,750 | €282,722 | €279,122 | €285,419 | €300,682 | ▲ 5.3% |
| Remuneration, social security and pensions62 | - | - | - | €41,930 | €41,930 | €41,930 | €41,930 | €41,902 | ▼ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €909 | €3,155 | €2,893 | €1,984 | €1,984 | €1,984 | €996 | - | - |
| Other operating charges640/8 | - | - | - | €1,798 | €372 | €401 | €80 | €80 | = |
| Gross operating margin9900 | €55,825 | €116,785 | €65,377 | €19,864 | €31,377 | €66,271 | €71,613 | €64,357 | ▼ 10.1% |
| Operating profit (loss)9901 | €12,765 | €71,702 | €20,025 | -€25,848 | -€12,910 | €21,957 | €28,607 | €22,375 | ▼ 21.8% |
| Financial income75/76B | - | - | - | - | €90 | €22 | €539 | €9 | ▼ 98.3% |
| Recurring financial income75 | - | €6 | €0 | - | €90 | €22 | €539 | €9 | ▼ 98.3% |
| Financial charges65/66B | - | - | - | €825 | €1,968 | €410 | €274 | €42 | ▼ 84.6% |
| Recurring financial charges65 | €5,739 | €1,470 | €3,345 | €825 | €1,968 | €410 | €274 | €42 | ▼ 84.6% |
| Profit (loss) for the period before taxes9903 | €7,026 | €70,238 | €16,680 | -€26,674 | -€14,787 | €21,568 | €28,872 | €22,342 | ▼ 22.6% |
| Income taxes67/77 | €13,483 | €21,002 | €20,313 | - | €14,367 | €9,106 | €8,025 | €7,230 | ▼ 9.9% |
| Profit (loss) for the period9904 | -€6,456 | €49,236 | -€3,634 | -€26,674 | -€29,154 | €12,462 | €20,848 | €15,112 | ▼ 27.5% |
| Profit (loss) for the period to be appropriated9905 | -€6,456 | €49,236 | -€3,634 | -€26,674 | -€29,154 | €12,462 | €20,848 | €15,112 | ▼ 27.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €144,912 | €200,843 | €211,791 | €194,980 | €134,671 | €180,410 | €223,454 | €232,483 | ▲ 4.0% |
| Formation expenses20 | €818 | €818 | €818 | €818 | €818 | €818 | €818 | €818 | = |
| Fixed assets21/28 | €13,032 | €13,195 | €10,303 | €8,319 | €6,348 | €124 | €6,056 | €6,056 | = |
| Tangible fixed assets22/27 | €11,999 | €8,844 | €5,951 | €3,968 | €1,984 | - | €5,933 | €5,933 | = |
| Plant, machinery and equipment23 | - | - | - | €3,968 | €1,984 | - | €4,251 | €4,251 | = |
| Furniture and vehicles24 | - | - | - | - | - | - | €1,682 | €1,682 | = |
| Financial fixed assets28 | €1,033 | €4,351 | €4,351 | €4,351 | €4,365 | €124 | €124 | €124 | = |
| Current assets29/58 | €131,062 | €186,829 | €200,670 | €185,843 | €127,504 | €179,468 | €216,580 | €225,609 | ▲ 4.2% |
| Amounts receivable within one year40/41 | €60,409 | €56,791 | €52,977 | €35,779 | €32,844 | €74,185 | €57,037 | €65,073 | ▲ 14.1% |
| Trade receivables40 | - | - | - | €33,185 | €30,250 | €71,840 | €55,501 | €63,285 | ▲ 14.0% |
| Other amounts receivable41 | - | - | - | €2,594 | €2,594 | €2,345 | €1,536 | €1,789 | ▲ 16.5% |
| Cash at bank and in hand54/58 | €70,654 | €130,038 | €145,075 | €150,064 | €94,660 | €105,282 | €159,543 | €160,535 | ▲ 0.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €144,912 | €200,843 | €211,791 | €194,980 | €134,671 | €180,410 | €223,454 | €232,483 | ▲ 4.0% |
| Equity10/15 | €100,752 | €149,988 | €146,354 | €119,681 | €90,527 | €132,029 | €152,876 | €167,988 | ▲ 9.9% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | - | - | - | - |
| Capital10 | - | - | - | €6,197 | €6,197 | - | - | - | - |
| Issued capital100 | - | - | - | €6,197 | €6,197 | - | - | - | - |
| Reserves13 | €30,846 | €30,846 | €30,846 | €30,846 | €30,846 | €66,083 | €66,083 | €66,083 | = |
| Non-distributable reserves130/1 | - | - | - | €2,409 | €2,409 | €8,606 | €8,606 | €8,606 | = |
| Legal reserve130 | - | - | - | €2,409 | €2,409 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €8,606 | €8,606 | €8,606 | = |
| Tax-exempt reserves132 | - | - | - | €28,438 | €28,438 | €57,477 | €57,477 | €57,477 | = |
| Profit (loss) carried forward14 | €63,708 | €112,944 | €109,311 | €82,637 | €53,483 | €65,945 | €86,793 | €101,905 | ▲ 17.4% |
| Amounts payable17/49 | €44,160 | €50,855 | €65,436 | €75,299 | €44,144 | €48,381 | €70,578 | €64,495 | ▼ 8.6% |
| Amounts payable within one year42/48 | €44,160 | €50,855 | €65,436 | €75,299 | €44,144 | €48,381 | €70,578 | €64,495 | ▼ 8.6% |
| Trade debts44 | €641 | €3,644 | €1,218 | €945 | €3,213 | €2,082 | €1,185 | €1,135 | ▼ 4.2% |
| Suppliers440/4 | - | - | - | €945 | €3,213 | €2,082 | €1,185 | €1,135 | ▼ 4.2% |
| Taxes, remuneration and social security45 | - | - | - | €63,854 | €30,431 | €35,872 | €45,595 | €52,932 | ▲ 16.1% |
| Taxes450/3 | - | - | - | €63,854 | €30,431 | €35,872 | €45,595 | €52,932 | ▲ 16.1% |
| Other amounts payable47/48 | - | - | - | €10,501 | €10,501 | €10,428 | €23,799 | €10,428 | ▼ 56.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,456 | €49,236 | -€3,634 | -€26,674 | -€29,154 | €12,462 | €20,848 | €15,112 | ▼ 27.5% |
| + Depreciation and write-downs630 | €909 | €3,155 | €2,893 | €1,984 | €1,984 | €1,984 | €996 | - | - |
| Operating cash flow (approximation) | -€5,548 | €52,391 | -€741 | -€24,690 | -€27,170 | €14,446 | €21,844 | €15,112 | ▼ 30.8% |
| Investment in fixed assets (approximation) | - | -€3,319 | €0 | €0 | -€14 | €4,241 | -€6,929 | €0 | - |
| Change in cash | - | €59,385 | €15,036 | €4,990 | -€55,404 | €10,622 | €54,261 | €992 | ▼ 98.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as ACTUS has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ACTUS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for ACTUS. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 11-10-2026 | 2026-00553405 | |
| 31-12-2024 | full format | 17-10-2025 | 2025-00544255 | |
| 31-12-2023 | full format | 29-11-2024 | 2024-00608243 | |
| 31-12-2022 | full format | 10-10-2023 | 2023-00482856 | |
| 31-12-2021 | full format | 03-06-2023 | 2023-00105136 | |
| 31-12-2020 | full format | 10-12-2021 | 2021-79800277 | |
| 31-12-2019 | full format | 16-02-2021 | 2021-05900033 | |
| 31-12-2018 | full format | 05-06-2020 | 2020-15100022 | |
| 31-12-2017 | full format | 05-06-2020 | 2020-15100021 | |
| 31-12-2016 | full format | 05-06-2020 | 2020-15100019 |