ADD LIPS
ActiveADD LIPS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221k and a net result of €4k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 1934 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-15
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 4.45 against 5.0 in 2023), and 20.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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
not confirmed
2024
59 d late
2023
92 d late
2022
31 d late
2021
88 d late
2020
31 d late
2019
140 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 62.5%
2023 · €10k
2018: €8k
2019: €9k
2020: €19k
2021: €39k
2022: €36k
2023: €10k
2018 → 2024
Working capital
€201k▲ 4.6%
2023 · €192k
2018: €80k
2019: €55k
2020: €63k
2021: €117k
2022: €169k
2023: €192k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€132k-€171k▲ 29.3%€207k▲ 21.2%€217k▲ 5.0%€221k▲ 1.8%
Operating result€27k-€53k▲ 95.7%€45k▼ 15.7%€16k▼ 63.8%€10k▼ 41.3%
Net result€19k-€39k▲ 101%€36k▼ 6.3%€10k▼ 71.5%€4k▼ 62.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 41% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279k
Fixed assets
€20k▼ 19.6%
Current assets
€259k▲ 7.9%
Equity and liabilities €279k
Equity
€221k▲ 1.8%
Debt
€58k▲ 21.3%
The debt ratio rises from 18.1% to 20.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€15k▼
2023 · €30k
Cash flow
€9k▼
2023 · €24k
Solvency
79.2%▼
2023 · 81.9%
Current ratio
4.45▼
2023 · 5.00
Quick ratio
4.45▼
2023 · 5.00
Debt / equity
0.26▲
2023 · 0.22
ROE
1.8%▼
2023 · 4.8%
ROA
1.4%▼
2023 · 3.9%
Interest coverage
14.38▼
2023 · 99.08
Debt
€58k▲
2023 · €48k
Debt ≤ 1 year
€58k▲
2023 · €48k
Income taxes
€5k▼
2023 · €6k
Staff costs
€38k▲
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€265k€279k▲
Fixed assets21/28€25k€20k▼
Tangible fixed assets22/27€25k€20k▼
Furniture and vehicles24€1k€500▼
Other tangible fixed assets26€24k€20k▼
Current assets29/58€240k€259k▲
Amounts receivable within one year40/41€224k€256k▲
Trade receivables40€70k€197k▲
Other amounts receivable41€154k€59k▼
Cash at bank and in hand54/58€16k€1k▼
Deferred charges and accrued income490/1€103€2k▲
Equity and liabilities
Total equity and liabilities10/49€265k€279k▲
Equity10/15€217k€221k▲
Contributions10/11€6k€6k=
Reserves13€210k€214k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€210k€214k▲
Profit (loss) carried forward14€793€664▼
Amounts payable17/49€48k€58k▲
Amounts payable within one year42/48€48k€58k▲
Financial debts43€307€13▼
Credit institutions430/8€307€13▼
Trade debts44€16k€16k▲
Suppliers440/4€16k€16k▲
Taxes, remuneration and social security45€24k€33k▲
Taxes450/3€19k€24k▲
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48€9k€9k▲
Income statement
Code20232024
Non-recurring operating income76A-€631
Remuneration, social security and pensions62€36k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€5k▼
Other operating charges640/8€142€384▲
Non-recurring operating charges66A€50€5k▲
Gross operating margin9900€66k€57k▼
Operating profit (loss)9901€16k€10k▼
Financial income75/76B€0€11▲
Recurring financial income75€0€11▲
Financial charges65/66B€303€1k▲
Recurring financial charges65€303€1k▲
Profit (loss) for the period before taxes9903€16k€9k▼
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€10k€4k▼
Profit (loss) for the period to be appropriated9905€10k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€5k▼
Profit (loss) brought forward from the previous period14P€467€793▲
Transfer to equity691/2€10k€4k▼
To other reserves6921€10k€4k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼62.5%
Net result drops to €4k, the lowest in the series.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.71
Current ratio from 2.61 to 5.71; short-term debt falls from €73k to €36k.
31-12
Financial
Equity above €200kEq €207k ▲21.2%
5 profitable years in a row build equity to €207k.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Highest result since 2018net €39k ▲101%
Operating result €53k, net result €39k, both a record.
31-12
Financial
Equity above €150kEq €171k ▲29.3%
4 profitable years in a row build equity to €171k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 140 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 56 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Etterbeek · 1 establishment unit since 2013
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.
Louis Schmidtlaan 221040 EtterbeekGround area
971 m²
Building footprint
383 m²
Volume, LiDAR
8,138 m³
2 parcels, Brussels · tallest building 32.4 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
ADD LIPS SPRL
since 20132.223.158.935
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21006A0399/00W000 | Brussels | 549 m² | 1 · 129 m² | 9.0 m · 2 fl. |
| 21363B0354/00K003 | Brussels | 422 m² | 1 · 254 m² | 32.4 m · 10 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.
Similar companies · same sector, comparable size
Submarine Productions
BE 0802.872.166
Antwerpen · Eq €218k
Special Effects VW
BE 0674.799.603
Vorselaar · Eq €225k
TV-AGENTSCHAP GUENTER
BE 0468.422.205
Lochristi · Eq €217k
BURPS
BE 0463.208.058
Tervuren · Eq €231k
SANCTA MEDIA
BE 0863.229.427
Antwerpen · Eq €210k
Of 516 companies in sector 59114 we hold annual accounts for 243. 179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2013
Fiscal year end31-12
Activities, NACEBEL
59114Motion picture, video and television programme production, sound recording and music publishing activities
59209Motion picture, video and television programme production, sound recording and music publishing activities
90029Arts creation and performing arts activities
90399Other support activities for arts and performing arts
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.