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ActiveSummary
Ads & Data has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of -€294,738. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 844 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Media representation
NACE 73120
#4 employer in Vilvoorde, Professional and technical services sector3 sites
Size
€27.8mturnover 2025
- Staff
- 125.6 FTE
- Equity
- €1.1m
- Loss
- -€294,738
Structure
- Largest shareholder
- MEDIAHUIS · 44.4%
- Board
- 9 members
Auditor: KPMG Bedrijfsrevisoren BVAccounts 49 d early
Why 82- Equity €1.1m (1.9% of total assets)- Loss of €294,738, the second in a row (FY 2025)- 1 of the last 3 late+ Size: turnover €27.8m, 125.6 FTE, total assets €58.7mShow the evidence
Checked score
Score 2025
82
/ 100
Excellent
Probability in this band: under 0.55%
Better than 23% of its sector peers (NACE 73, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
27=
equity 1.9% of total assets
Liquidity
20-10
short-term debt 94.3% · cash 15.9%
Profitability
49+16
return on assets -0.5%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● 0.0% vs 11-2024
01-2025: 0.6%● 0.0% vs 12-2024
02-2025: 0.6%▲ +1.7% vs 01-2025highest value
03-2025: 0.6%● 0.0% vs 02-2025highest value
04-2025: 0.6%● 0.0% vs 03-2025highest value
05-2025: 0.6%▼ -7.9% vs 04-2025
06-2025: 0.3%▼ -57.0% vs 05-2025
07-2025: 0.3%● 0.0% vs 06-2025
08-2025: 0.3%● 0.0% vs 07-2025
09-2025: 0.3%● 0.0% vs 08-2025
10-2025: 0.3%● 0.0% vs 09-2025
11-2025: 0.3%● 0.0% vs 10-2025
12-2025: 0.3%● 0.0% vs 11-2025
01-2026: 0.3%● 0.0% vs 12-2025
02-2026: 0.3%▼ -2.0% vs 01-2026
03-2026: 0.2%▼ -1.2% vs 02-2026
04-2026: 0.2%● 0.0% vs 03-2026
05-2026: 0.2%▼ -1.2% vs 04-2026lowest value
06-2026: 0.3%▲ +3.3% vs 05-2026
07-2026: 0.3%▲ +17.1% vs 06-2026
08-2026: 0.3%● 0.0% vs 07-2026
09-2026: 0.3%● 0.0% vs 08-2026
10-2026: 0.3%● 0.0% vs 09-2026
- Equity €1.1m (1.9% of total assets) raises the probability
- Size: turnover €27.8m, 125.6 FTE, total assets €58.7m lowers the probability for this profile
- Loss of €294,738, the second in a row (FY 2025) raises the probability
- 1 of the last 3 late raises the probability
Credit up to €90,000 at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.07 in 2024; short-term debt: 94.3% and cash: 15.9% of total assets), and 98.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, medium-sized). Better than this share of them on solvency 9%, liquidity 14%, profitability 39%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 -€294,738
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 844 sector peers (2025).
NBB · sector comparisonPosition among 844 sector peers
Solvency
better than 14%
← weakest
strongest →
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
69 d early
2023
247 d late
2022
613 d late
2021
58 d early
2020
81 d early
2019
59 d early
← 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 78 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 12 June (4 of the last 5 filed years within 297 days of that day).
Companies Code · seven monthsPosition in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
- Appointment: Jan Manssens (director)Resignation: Ben Vandermeulen (director) ·…
- Annual accounts filedfiscal year 2025 · full…
- Appointments: LIMACS (director) and Maison 42…Permanent representatives: Danny Lelie and…
Financials · fiscal year 2025, full schema
In the rankings
#4 employer in Vilvoorde, Professional and technical services sector#4 company by total assets in Vilvoorde, Professional and technical services sector
Turnover
€27.8m▲ 3.0%
2024 · €27.0m
EBIT margin
-0.7%▼ 1.1pp
2024 · 0.5%
Net result
-€294,738▼ 6.8%
2024 · -€275,997
Working capital
€2.7m▼ 28.5%
2024 · €3.7m
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result turns negative in 2025: a loss of €182,032 after €127,855 in 2024, the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Turnover€27.8m
2025
Operating result-€0.2m
2025
Net result-€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€58.7m
2025
Equity€1.1m
2025
Debt€57.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-0.7%
2025
Return on assets (ROA)-0.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.05
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)125.6
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€10.7m-€10.4m▼ 2.6%€11.8m▲ 14.1%€18.0m▲ 52.1%€15.4m▼ 14.3%€12.5m▼ 19.0%€27.0m▲ 116%€27.8m▲ 3.0%
Operating result-€0.4m--€1.2m▼ 208%-€0.2m▲ 82.6%€1.2m€0.6m▼ 46.8%€0.3m▼ 45.9%€0.1m▼ 62.1%-€0.2m
Net result-€0.4m--€1.2m▼ 205%-€0.3mbelow the sector's middle half▲ 78.6%€1.0mabove the sector's middle half€0.4mabove the sector's middle half▼ 61.3%€0.03mwithin the sector's middle half▼ 91.6%-€0.3mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 6.8%
EBIT margin-3.6%--11.3%▼ 7.8pp-1.7%▲ 9.6pp6.5%▲ 8.2pp4.0%▼ 2.5pp2.7%▼ 1.3pp0.5%▼ 2.2pp-0.7%▼ 1.1pp
Equity€0.2m--€1.0m-€1.3mbelow the sector's middle half▼ 25.3%€1.8mabove the sector's middle half€2.2mabove the sector's middle half▲ 21.8%€1.7mabove the sector's middle half▼ 21.6%€1.4mabove the sector's middle half▼ 16.1%€1.1mwithin the sector's middle half▼ 20.5%
Total assets€3.9m-€3.6m▼ 6.9%€5.7mabove the sector's middle half▲ 56.0%€65.5mabove the sector's middle half▲ 1,050%€54.5mabove the sector's middle half▼ 16.7%€59.9mabove the sector's middle half▲ 9.8%€58.6mabove the sector's middle half▼ 2.2%€58.7mabove the sector's middle half▲ 0.3%
Debt€3.7m-€4.7m▲ 25.2%€7.0m▲ 49.3%€63.7m▲ 813%€52.4m▼ 17.7%€58.2m▲ 11.1%€57.2m▼ 1.8%€57.6m▲ 0.8%
Working capital-€0.3m--€1.1m▼ 328%-€1.3mbelow the sector's middle half▼ 9.7%€2.5mabove the sector's middle half€3.3mabove the sector's middle half▲ 31.8%€2.8mabove the sector's middle half▼ 15.1%€3.7mabove the sector's middle half▲ 33.5%€2.7mabove the sector's middle half▼ 28.5%
Solvency4.8%--28.0%▼ 32.8pp-22.5%below the sector's middle half▲ 5.5pp2.7%below the sector's middle half▲ 25.2pp4.0%below the sector's middle half▲ 1.3pp2.9%below the sector's middle half▼ 1.1pp2.4%below the sector's middle half▼ 0.4pp1.9%below the sector's middle half▼ 0.5pp
Current ratio0.93-0.75▼ 0.180.81below the sector's middle half▲ 0.071.04within the sector's middle half▲ 0.231.06within the sector's middle half▲ 0.021.05within the sector's middle half▼ 0.021.07within the sector's middle half▲ 0.021.05within the sector's middle half▼ 0.02
Return on assets (ROA)-10.1%--33.2%▼ 23.0pp-4.5%below the sector's middle half▲ 28.6pp1.5%within the sector's middle half▲ 6.1pp0.7%within the sector's middle half▼ 0.8pp0.1%within the sector's middle half▼ 0.7pp-0.5%below the sector's middle half▼ 0.5pp-0.5%within the sector's middle half=
Staff (FTE)19.9-21.4▲ 7.5%20.5above the sector's middle half▼ 4.2%125.3above the sector's middle half▲ 511%153.9above the sector's middle half▲ 22.8%142.2above the sector's middle half▼ 7.6%127above the sector's middle half▼ 10.7%125.6above the sector's middle half▼ 1.1%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58.7m
Fixed assets
€675,542 ▼ 9.7%
Current assets
€58.1m ▲ 0.4%
Equity and liabilities €58.7m
Equity
€1.1m ▼ 20.5%
Debt
€57.6m ▲ 0.8%
Debt's share of the balance-sheet total rises from 97.6% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€254,287▼
2024 · €541,631
Cash flow
€141,581▲
2024 · €137,779
Debt to equity
50.53▲
2024 · 39.84
ROE
-25.9%▼
2024 · -19.2%
Interest coverage
5.18▲
2024 · 2.00
Debt ≤ 1 year
€55.4m▲
2024 · €54.1m
Income taxes
€64,914▼
2024 · €73,817
Staff costs
€13.7m▼
2024 · €13.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 108 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 94% are still going.
- Medium-sized
- 10 to 20 years old
- solvency under 10%
- a small loss
0.9%
went bankrupt
5.6%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,471 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% | 1.8% |
| 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 108 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €40.4m | €44.6m | €39.1m | €50.3m | €51.0m | ▲ 1.5% |
| Turnover70 | €10.7m | €10.4m | €11.8m | €18.0m | €15.4m | €12.5m | €27.0m | €27.8m | ▲ 3.0% |
| Other operating income74 | - | - | - | €22.4m | €29.2m | €26.6m | €23.3m | €23.2m | ▼ 0.3% |
| Operating charges60/66A | - | - | - | €39.3m | €44.0m | €38.8m | €50.2m | €51.2m | ▲ 2.1% |
| Goods for resale, raw materials and consumables60 | - | - | - | €12.4m | €10.4m | €8.4m | €20.8m | €21.3m | ▲ 2.7% |
| Purchases600/8 | - | - | - | €12.4m | €10.4m | €8.4m | €20.8m | €21.3m | ▲ 2.7% |
| Services and other goods61 | - | - | - | €13.5m | €15.6m | €13.4m | €15.0m | €15.6m | ▲ 4.2% |
| Remuneration, social security and pensions62 | - | - | - | €12.9m | €17.2m | €16.6m | €13.9m | €13.7m | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.5m | €0.5m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.2m | €0.04m | €0.04m | €0.08m | ▲ 128% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.05m | €0.03m | €0.02m | ▼ 42.7% |
| Non-recurring operating charges66A | - | - | - | €0.2m | €0.3m | €0 | - | - | - |
| Operating profit (loss)9901 | -€0.4m | -€1.2m | -€0.2m | €1.2m | €0.6m | €0.3m | €0.1m | -€0.2m | ▼ 242% |
| Financial income75/76B | - | - | - | €0.007m | €0.003m | €0.001m | €0.007m | €0.001m | ▼ 79.5% |
| Recurring financial income75 | €0.002m | €0.001m | €0.02m | €0.007m | €0.003m | €0.001m | €0.007m | €0.001m | ▼ 79.5% |
| Other financial income752/9 | - | - | - | €0.007m | €0.003m | €0.001m | €0.007m | €0.001m | ▼ 79.5% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.05m | ▼ 85.4% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.06m | €0.1m | €0.2m | €0.2m | €0.3m | €0.05m | ▼ 85.4% |
| Debt charges650 | €0.02m | €0.02m | €0.03m | €0.09m | €0.1m | €0.2m | €0.3m | - | - |
| Other financial charges652/9 | - | - | - | €0.02m | €0.06m | €0.05m | €0.07m | €0.05m | ▼ 25.1% |
| Profit (loss) for the period before taxes9903 | -€0.4m | -€1.2m | -€0.2m | €1.1m | €0.4m | €0.09m | -€0.2m | -€0.2m | ▼ 13.7% |
| Income taxes67/77 | - | - | €0.009m | €0.06m | €0.04m | €0.06m | €0.07m | €0.06m | ▼ 12.1% |
| Taxes670/3 | - | - | - | €0.06m | €0.04m | €0.06m | €0.1m | €0.07m | ▼ 35.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.001m | €0 | - | €0.04m | €0.006m | ▼ 83.2% |
| Profit (loss) for the period9904 | -€0.4m | -€1.2m | -€0.3m | €1.0m | €0.4m | €0.03m | -€0.3m | -€0.3m | ▼ 6.8% |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | -€1.2m | -€0.3m | €1.0m | €0.4m | €0.03m | -€0.3m | -€0.3m | ▼ 6.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.9m | €3.6m | €5.7m | €65.5m | €54.5m | €59.9m | €58.6m | €58.7m | ▲ 0.3% |
| Fixed assets21/28 | €0.6m | €0.3m | €0.2m | €0.8m | €0.7m | €0.8m | €0.7m | €0.7m | ▼ 9.7% |
| Intangible fixed assets21 | €0.5m | €0.3m | €0.2m | €0.7m | €0.7m | €0.8m | €0.7m | €0.6m | ▼ 8.2% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.01m | €0.002m | €0.01m | €0.005m | €0.07m | €0.06m | ▼ 25.1% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.01m | €0.005m | €0.07m | €0.05m | ▼ 24.8% |
| Furniture and vehicles24 | - | - | - | €0 | - | - | €0.003m | €0.002m | ▼ 34.3% |
| Other tangible fixed assets26 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Other financial fixed assets284/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Current assets29/58 | €3.4m | €3.4m | €5.4m | €64.7m | €53.8m | €59.1m | €57.8m | €58.1m | ▲ 0.4% |
| Stocks and contracts in progress3 | - | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.9m | €2.7m | €3.9m | €51.4m | €42.5m | €47.5m | €43.0m | €48.1m | ▲ 11.8% |
| Trade receivables40 | - | - | - | €50.0m | €42.1m | €46.8m | €42.7m | €48.0m | ▲ 12.4% |
| Other amounts receivable41 | - | - | - | €1.3m | €0.4m | €0.7m | €0.3m | €0.1m | ▼ 66.6% |
| Current investments50/53 | €0.02m | €86 | €86 | €0 | - | - | - | - | - |
| Other investments51/53 | - | - | - | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.6m | €1.5m | €13.0m | €10.7m | €10.9m | €14.2m | €9.3m | ▼ 34.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.4m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.9m | €3.6m | €5.7m | €65.5m | €54.5m | €59.9m | €58.6m | €58.7m | ▲ 0.3% |
| Equity10/15 | €0.2m | -€1.0m | -€1.3m | €1.8m | €2.2m | €1.7m | €1.4m | €1.1m | ▼ 20.5% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | - | - | - | €0.05m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | -€1.0m | -€2.2m | -€2.4m | €0.9m | €1.3m | €0.8m | €0.5m | €0.2m | ▼ 56.4% |
| Amounts payable17/49 | €3.7m | €4.7m | €7.0m | €63.7m | €52.4m | €58.2m | €57.2m | €57.6m | ▲ 0.8% |
| Amounts payable within one year42/48 | €3.6m | €4.5m | €6.7m | €62.2m | €50.5m | €56.3m | €54.1m | €55.4m | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €3.2m | €4.1m | €4.0m | €58.3m | €46.5m | €51.9m | €50.9m | €52.0m | ▲ 2.1% |
| Suppliers440/4 | - | - | - | €58.3m | €46.5m | €51.9m | €50.9m | €52.0m | ▲ 2.1% |
| Taxes, remuneration and social security45 | - | - | - | €4.0m | €4.0m | €3.9m | €3.2m | €3.4m | ▲ 6.2% |
| Taxes450/3 | - | - | - | €0.1m | €0.9m | €0.2m | €0.3m | €0.4m | ▲ 22.2% |
| Remuneration and social security454/9 | - | - | - | €3.8m | €3.1m | €3.7m | €2.9m | €3.0m | ▲ 4.3% |
| Other amounts payable47/48 | - | - | - | - | - | €0.5m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1.4m | €1.8m | €1.9m | €3.0m | €2.2m | ▼ 27.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.4m | -€1.2m | -€0.3m | €1.0m | €0.4m | €0.03m | -€0.3m | -€0.3m | ▼ 6.8% |
| + Depreciation and write-downs630 | €0.5m | €0.5m | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.4% |
| Operating cash flow (approximation) | €0.07m | -€0.7m | -€0.09m | €1.2m | €0.7m | €0.4m | €0.1m | €0.1m | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.1m | -€0.7m | -€0.3m | -€0.4m | -€0.4m | -€0.4m | ▼ 3.4% |
| Change in cash | - | €0.2m | €0.8m | €11.5m | -€2.2m | €0.2m | €3.3m | -€4.8m | ▼ 247% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Subsidies and aid
Flemish government
2022 to 2024 · 6 entries · €26,595 awarded · €26,595 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | €3,958 | €13,958 |
| 2023 | 1 | €11,204 | €11,204 |
| 2022 | 3 | €11,433 | €1,433 |
Directors
Directors
9 directors, 1 in day-to-day management, no change since 2026
Board 9
Morfitis & Co
CurrentDagselijks bestuurder / ceo · since 02-09-2025 · Private limited company · perm. rep.: Valérie Morfitis
Eiferman
CurrentDirector · since 01-04-2021 · Legal entity · perm. rep.: VERWEE Koen Albert
VANDERMEULEN Ben Jan
CurrentDirector · since 01-04-2021
Zumaco
CurrentDirector · since 01-04-2021 · Legal entity · perm. rep.: DE BEUKELAER Kristiaan Ivo
VAN WICHELEN Christophe Maria Eduardus
CurrentTelenet bestuurder · since 23-04-2021
Kenny Henderyckx
CurrentDirector · since 04-07-2023
LIMACS
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Danny Lelie
Maison 42
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Kenny Henderyckx
Show all 9 directors
Jan Manssens
CurrentDirector · since 07-09-2026
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
COBBAERT Bart, Julien
Not recently confirmedDirector · since 08-05-2015
VAN dEN CRUYCE Dries, Jan, Leen
Not recently confirmedDirector · since 08-05-2015
CLAES Peter
Not recently confirmedClass A director
Day-to-day management 1
Morfitis & Co
CurrentDagselijks bestuurder / ceo · since 02-09-2025 · Private limited company · perm. rep.: Valérie Morfitis
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
KOEN VAN RHIJN
Not recently confirmedCeo, belast met het dagelijks bestuur · since 09-09-2015 · Private limited company · perm. rep.: VAN RHIJN Koen, Marie, Agnes, Jacobus
Permanent representatives 6
Bart Demeulenaere
CurrentPermanent representative · since 01-04-2021 · for Bart Demeulenaere BV
DE BEUKELAER Kristiaan Ivo
CurrentPermanent representative · since 01-04-2021 · for Zumaco
VERWEE Koen Albert
CurrentPermanent representative · since 01-04-2021 · for Eiferman
Valérie Morfitis
CurrentPermanent representative · since 02-09-2025 · for Morfitis & Co
Danny Lelie
CurrentPermanent representative · since 21-05-2026 · for LIMACS
Kenny Henderyckx
CurrentPermanent representative · since 21-05-2026 · for Maison 42
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
VAN RHIJN Koen, Marie, Agnes, Jacobus
Not recently confirmedPermanent representative · since 09-09-2015 · for KOEN VAN RHIJN
Statutory auditor 1
KPMG Bedrijfsrevisoren BV
CurrentStatutory auditor · since 03-12-2021 · perm. rep.: Dave Minny
Other functions 3
Bart Demeulenaere BV
CurrentCco · since 01-04-2021 · Legal entity · perm. rep.: Bart Demeulenaere
Lies Van Camfort
CurrentCho · since 01-04-2021
Lieve Beckers
CurrentCfo · since 01-04-2021
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Mandate history
41 people since 2010, 17 in office
- Board
- Day-to-day management
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Eiferman |
|
| VANDERMEULEN Ben Jan |
|
| Zumaco |
|
| VAN WICHELEN Christophe Maria Eduardus |
|
| Kenny Henderyckx |
|
| Morfitis & Co |
|
| LIMACS |
|
| Maison 42 |
|
| Jan Manssens |
|
| KPMG Bedrijfsrevisoren BV |
|
| Bart Demeulenaere BV |
|
| Lies Van Camfort |
|
| Lieve Beckers |
|
| COBBAERT Bart, Julien |
|
| VAN dEN CRUYCE Dries, Jan, Leen |
|
| CLAES Peter |
|
| KOEN VAN RHIJN |
|
| Ben Vandermeulen |
|
| ZUMACO |
|
| BRONSELAER Jeroen, Maria, Karel |
|
| 3Tien BV |
|
| Christophe Van Wichelen |
|
| RSM INTERAUDIT CVBA |
|
| Koen Van Rhijn BV |
|
| Lieven Maria Géry VERMAELE |
|
| Lieven Vermaele |
|
| Saskia Schatteman |
|
| Wildcard Concepts BV |
|
| Dieter Hans E. Nieuwdorp |
|
| Ils Neuts |
|
| Bart Cobbaert |
|
| Lutgarde Vercruysse |
|
| BDO Bedrijfsrevisoren |
|
| VAN ZEEBROECK, Thierry, Paul |
|
| Dries Van den Cruyce |
|
| DAEMEN Mark |
|
| DECOSTER Bart, Eugeen |
|
| Monique RAEFFELS |
|
| VAN DEN HOUTE Sigrid |
|
| Koen Van Rhijn |
|
| CAPPO |
|
Owners and capital
Owners
3 ownersOwners 3
-
44.4%
-
44.4%
- Sourceown accounts 202511.2%
According to the 2025 annual accounts of Ads & Data and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. 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.
Capital and shareholders
Shareholders according to the acts
After 2 capital increases
act of 21-04-2021 ↗
- Telenet International Finance S.à r.l.
- Vlaamse Audiovisuele Regie
Share transfer
act of 21-04-2021 ↗
- Vlaamse Audiovisuele Regie to Telenet
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 23-04-2021 Capital stated in the act · €829,194.68 · 77,614 shares
- 21-04-2021 Capital increase of €2,000,000 · to €3,145,000 · 48,384 new shares · in kind
- 21-04-2021 Capital increase of €63,211 · to €3,208,211 · 1,530 new shares · in cash
- 21-04-2021 Capital reduction of €2,379,016.32 · to €829,194.68 · “aanzuivering van geleden verliezen”
- 16-01-2018 Capital increase of €520,000 · to €2,770,000 · 5,200 new shares
- 16-01-2018 Capital reduction of €1,522,692.58 · to €1,247,307.42 · “aanzuivering van de totaliteit van de geleden verliezen per 31 december 2016”
- 16-01-2018 Capital reduction of €102,307.42 · to €1,145,000 · to absorb losses
- 08-05-2015 Capital stated in the act · €2,250,000 · 22,500 shares
Group and network
Connections & network
13 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
3TIEN
Shared director
→
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Shared director
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Shared director
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Shared director
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Play Media
Shared director
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SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
Shared director
→
Stuk Kunstencentrum
Shared director
→
Telenet Group
Shared director
→
VLAAMSE AUDIOVISUELE REGIE
Shared director
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Vlaanderen Twee
Shared director
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YOUTHSTART BELGIUM
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
History
Ads & Data was incorporated on 22 January 2009.1 Between 2018 and 2021 the capital was increased 2 times, most recently to €3.2m.23 Since 2021 the company has been called Ads & Data.4 The registered office was moved to Vilvoorde in 2021.4 The board currently has 9 members; Eiferman has served longest, since 2021.4 Revenue grew from €10.7m in 2018 to €27.8m in 2025 and headcount from 19.9 to 126 full-time equivalents.5
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-09
State Gazette act
Appointment: Jan Manssens (director)Resignation: Ben Vandermeulen (director) · Permanent representatives: Koen Verwee, Danny Lelie and Kenny Henderyckx · Declaration28 facts ▸
State Gazette act
Appointment: Jan Manssens (director)
Resignation: Ben Vandermeulen (director) · Permanent representatives: Koen Verwee, Danny Lelie and Kenny Henderyckx · Declaration28 facts ▸
- General meeting, 11-09-2026
- Director appointment, Jan Manssens (director)
- Director resignation, Ben Vandermeulen (director)
- Other statement, elected domicile, zetel van de Vennootschap
- Board composition, Eiferman (director)
- Permanent representative, Koen Verwee (permanent representative)
- Board composition, Limacs (director)
- Permanent representative, Danny Lelie (permanent representative)
- Board composition, Jan Manssens (proximus bestuurder)
- Board composition, Jeroen Bronselaer (telenet bestuurder)
- Board composition, Maison 42 (director)
- Permanent representative, Kenny Henderyckx (permanent representative)
- +16 further facts in this act
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
04-06
State Gazette act
Appointments: LIMACS (director) and Maison 42 (director)Permanent representatives: Danny Lelie and Kenny Henderyckx · Resignations: Maison 42 (director) and ZUMACO (director)12 facts ▸
State Gazette act
Appointments: LIMACS (director) and Maison 42 (director)
Permanent representatives: Danny Lelie and Kenny Henderyckx · Resignations: Maison 42 (director) and ZUMACO (director)12 facts ▸
- General meeting, 21-05-2026
- Director appointment, LIMACS (director)
- Director appointment, Maison 42 (director)
- Permanent representative, Danny Lelie (permanent representative)
- Permanent representative, Kenny Henderyckx (permanent representative)
- Director resignation, Maison 42 (director)
- Director resignation, ZUMACO (director)
- Board composition, Eiferman (mediahuis bestuurder)
- Board composition, LIMACS (mediahuis bestuurder)
- Board composition, Ben Vandermeulen (proximus bestuurder)
- Board composition, Jeroen Bronselaer (telenet bestuurder)
- Board composition, Maison 42 (telenet bestuurder)
27-03
State Gazette act
Permanent representatives: Valérie Morfitis, Martine Schrijvers and Bart Van OudenhovePower of attorney18 facts ▸
State Gazette act
Permanent representatives: Valérie Morfitis, Martine Schrijvers and Bart Van Oudenhove
Power of attorney18 facts ▸
- Board meeting, 05-03-2026
- Other statement, alle vroegere delegaties door Raad van Bestuur inclusief gepubliceerde, vervanging vroegere delegaties
- Power of attorney, Morfitis & Co BV
- Permanent representative, Valérie Morfitis (permanent representative)
- Power of attorney, Anja Van Wingene (chief people officer (cpo))
- Power of attorney, Lieve Beckers (chief people officer (cpo))
- Power of attorney, Els Vercauteren (chief people officer (cpo))
- Power of attorney, Nils Dero (chief people officer (cpo))
- Power of attorney, The House of Conversation BV (chief people officer (cpo))
- Permanent representative, Martine Schrijvers (permanent representative)
- Power of attorney, Bart Verbeiren
- Power of attorney, lef Cuynen
- +6 further facts in this act
2025
02-12
State Gazette act
Permanent representative: Steven Van Campenhout1 fact ▸
State Gazette act
Permanent representative: Steven Van Campenhout
1 fact ▸
- Permanent representative, Steven Van Campenhout
16-10
State Gazette act
Resignation: Jeroen Bronselaer (executive director)Appointment: Morfitis & Co BV (dagselijks bestuurder / ceo) · Permanent representatives: Valérie Morfitis and Bart Demeulenaere · Power of attorney17 facts ▸
State Gazette act
Resignation: Jeroen Bronselaer (executive director)
Appointment: Morfitis & Co BV (dagselijks bestuurder / ceo) · Permanent representatives: Valérie Morfitis and Bart Demeulenaere · Power of attorney17 facts ▸
- Board meeting, 07/10/2025
- Director resignation, Jeroen Bronselaer (executive director)
- Director appointment, Morfitis & Co BV (dagselijks bestuurder / ceo)
- Permanent representative, Valérie Morfitis
- Power of attorney, Morfitis & Co BV
- Power of attorney, Bart Demeulenaere BV
- Permanent representative, Bart Demeulenaere
- Power of attorney, Anja Van Wingene
- Power of attorney, Lieve Beckers
- Power of attorney, Bart Verbeiren
- Power of attorney, Ief Cuynen
- Power of attorney, Nils Dero
- +5 further facts in this act
11-06
State Gazette act
Reappointments: Jeroen Bronselaer (director) and Kenny Henderyckx (director)Power of attorney7 facts ▸
State Gazette act
Reappointments: Jeroen Bronselaer (director) and Kenny Henderyckx (director)
Power of attorney7 facts ▸
- Written resolution, 15/05/2025
- Director reappointment, Jeroen Bronselaer (director)
- Director reappointment, Kenny Henderyckx (director)
- Power of attorney, Bart Van Oudenhove
- Power of attorney, Ad-ministerie BV
- Power of attorney, Jeroen Bronselaer
- Power of attorney, Kenny Henderyckx
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 247 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 613 days late
28-02
State Gazette act
Resignation: 3Tien BV (ceo, belast met het dagelijks bestuur)Appointment: Jeroen Bronselaer (executive director) · Permanent representatives: Bart Demeulenaere, Bart Van Oudenhove and Adriaan de Leeuw · Power of attorney18 facts ▸
State Gazette act
Resignation: 3Tien BV (ceo, belast met het dagelijks bestuur)
Appointment: Jeroen Bronselaer (executive director) · Permanent representatives: Bart Demeulenaere, Bart Van Oudenhove and Adriaan de Leeuw · Power of attorney18 facts ▸
- Board meeting, 4 februari 2025
- Director resignation, 3Tien BV (ceo, belast met het dagelijks bestuur)
- Power of attorney, 3Tien BV
- Power of attorney, Bart Decoster
- Director appointment, Jeroen Bronselaer (executive director)
- Power of attorney, Bart Demeulenaere BV
- Power of attorney, Anja Van Wingene
- Power of attorney, Lieve Beckers
- Power of attorney, Bart Verbeiren
- Power of attorney, Nils Dero
- Power of attorney, Martine Schrijvers
- Power of attorney, Britt Vlamynck
- +6 further facts in this act
2024
09-07
State Gazette act
Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Dave Minny · Power of attorney5 facts ▸
State Gazette act
Appointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Dave Minny · Power of attorney5 facts ▸
- General meeting, 16/05/2024
- Auditor appointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Dave Minny
- Power of attorney, Bart Van Oudenhove
- Power of attorney, Ad-ministerie BV
Show earlier events
04-03
State Gazette act
Resignations & appointmentsPower of attorney12 facts ▸
State Gazette act
Resignations & appointments
Power of attorney12 facts ▸
- Board meeting, 18/01/2024
- Power of attorney, 3TIEN BV
- Power of attorney, Bart Demeulenaere BV
- Power of attorney, Anja Van Wingene
- Power of attorney, Lieve Beckers
- Power of attorney, Bart Verbeiren
- Power of attorney, Jelle Van Craen
- Power of attorney, Nils Dero
- Power of attorney, Martine Schrijvens
- Power of attorney, Britt Vlamynck
- Power of attorney, Els Vercauteren
- Power of attorney, Rikkert Van Loo
2023
13-07
State Gazette act
Resignation: Christophe Van Wichelen (telenet bestuurder)Appointment: Kenny Henderyckx (telenet bestuurder) · Permanent representatives: Koen Verwee and Kristiaan De Beukelaer · Mandate compensation9 facts ▸
State Gazette act
Resignation: Christophe Van Wichelen (telenet bestuurder)
Appointment: Kenny Henderyckx (telenet bestuurder) · Permanent representatives: Koen Verwee and Kristiaan De Beukelaer · Mandate compensation9 facts ▸
- General meeting, 04/07/2023
- Director resignation, Christophe Van Wichelen (telenet bestuurder)
- Director appointment, Kenny Henderyckx (telenet bestuurder)
- Mandate compensation, Kenny Henderyckx
- Permanent representative, Koen Verwee
- Permanent representative, Kristiaan De Beukelaer
- Power of attorney, Ask Q BV
- Power of attorney, Ad-ministerie BV
- Power of attorney, Adriaan de Leeuw
2022
31-12
Financial
Equity above €2mEq €2.2m ▲21.8%
2 profitable years in a row build equity to €2.2m.
21-11
State Gazette act
Resignations & appointmentsPower of attorney · Mandate term · Accounting effect17 facts ▸
State Gazette act
Resignations & appointments
Power of attorney · Mandate term · Accounting effect17 facts ▸
- Board meeting, 18/10/2022
- Power of attorney, 3TIEN BV
- Power of attorney, Bart Demeulenaere BV
- Power of attorney, Anja Van Wingene
- Power of attorney, Lieve Beckers
- Power of attorney, Bart Verbeiren
- Power of attorney, Jelle Van Craen
- Power of attorney, Ilse Baele
- Power of attorney, Nils Dero
- Power of attorney, Martine Schrijvens
- Power of attorney, Maarten Galle
- Power of attorney, Britt Vlamynck
- +5 further facts in this act
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €1.0m
Net result €1.0m after 3 loss-making years.
31-12
Financial
Equity above €1mEq €1.8m
Equity rises from -€1.3m to €1.8m.
03-12
State Gazette act
Appointments: RSM Interaudit CVBA (statutory auditor) and KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)Permanent representatives: Kurt Coninx and Dave Minnoy · Director discharge · Power of attorney13 facts ▸
State Gazette act
Appointments: RSM Interaudit CVBA (statutory auditor) and KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
Permanent representatives: Kurt Coninx and Dave Minnoy · Director discharge · Power of attorney13 facts ▸
- General meeting, 10/11/2021
- Auditor appointment, RSM Interaudit CVBA (statutory auditor)
- Permanent representative, Kurt Coninx
- Director discharge, RSM Interaudit CVBA
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (statutory auditor)
- Permanent representative, Dave Minnoy
- Power of attorney, Rémy Bonnaffé
- Power of attorney, Thomas Pauwels
- Power of attorney, Marieke Van Driessche
- Power of attorney, Lauranne Van den Maegdenbergh
- Power of attorney, Helena Staimans
- Power of attorney, Ask Q BV
- +1 further facts in this act
18-10
State Gazette act
Resignations & appointmentsPower of attorney13 facts ▸
State Gazette act
Resignations & appointments
Power of attorney13 facts ▸
- Board meeting, 29/09/2021
- Power of attorney, 3TIEN BV
- Power of attorney, Bart Demeulenaere BV
- Power of attorney, Koen Van Rhijn BV
- Power of attorney, Anja Van Wingene
- Power of attorney, Lieve Beckers
- Power of attorney, Guy Francx
- Power of attorney, Bart Verbeiren
- Power of attorney, Jelle Van Craen
- Power of attorney, Ilse Baele
- Power of attorney, Nils Dero
- Power of attorney, Martine Schrijvens
- +1 further facts in this act
25-05
State Gazette act
Resignations & appointmentsPower of attorney · Mandate term18 facts ▸
State Gazette act
Resignations & appointments
Power of attorney · Mandate term18 facts ▸
- Board meeting, 10/05/2021
- Power of attorney, 3TIEN BV
- Power of attorney, Bart Demeulenaere BV
- Power of attorney, Koen Van Rhijn BV
- Power of attorney, Lies Van Campfort
- Power of attorney, Lieve Beckers
- Power of attorney, Guy Francx
- Power of attorney, Bart Verbeiren
- Power of attorney, Jelle Van Craen
- Power of attorney, Iise Baele
- Power of attorney, Nils Dero
- Power of attorney, Martine Schrijvens
- +6 further facts in this act
20-05
State Gazette act
Appointments: Jeroen Bronselaer, 3TIEN BV and 4 othersResignations: Koen Van Rhijn BV, Lieven Vermaele and Saskia Schatteman · Permanent representatives: Bart Decoster, Koen Van Rhijn and Bart Demeulenaere · Power of attorney16 facts ▸
State Gazette act
Appointments: Jeroen Bronselaer, 3TIEN BV and 4 others
Resignations: Koen Van Rhijn BV, Lieven Vermaele and Saskia Schatteman · Permanent representatives: Bart Decoster, Koen Van Rhijn and Bart Demeulenaere · Power of attorney16 facts ▸
- Board meeting, 01/04/2021
- Director appointment, Jeroen Bronselaer (voorzitter van de raad)
- Director resignation, Koen Van Rhijn BV
- Power of attorney, Koen Van Rhijn
- Power of attorney, Lieven Vermaele
- Power of attorney, Saskia Schatteman
- Director appointment, 3TIEN BV (ceo)
- Permanent representative, Bart Decoster
- Director appointment, Koen Van Rhijn BV (coo)
- Permanent representative, Koen Van Rhijn
- Director appointment, Bart Demeulenaere BV (cco)
- Permanent representative, Bart Demeulenaere
- +4 further facts in this act
11-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
23-04
State Gazette act
Appointments: Eiferman, Zumaco and 3 othersPermanent representatives: VERWEE Koen Albert and DE BEUKELAER Kristiaan Ivo · Name change · Registered-office move16 facts ▸
State Gazette act
Appointments: Eiferman, Zumaco and 3 others
Permanent representatives: VERWEE Koen Albert and DE BEUKELAER Kristiaan Ivo · Name change · Registered-office move16 facts ▸
- General meeting, 01/04/2021
- Name change, Ads & Data
- Registered-office move, 1800 Vilvoorde, Harensesteenweg 226
- Statutes amendment
- Capital, €829.194,68
- Director appointment, Eiferman (director)
- Director appointment, Zumaco (director)
- Director appointment, VANDERMEULEN Ben Jan (director)
- Permanent representative, VERWEE Koen Albert
- Permanent representative, DE BEUKELAER Kristiaan Ivo
- Director appointment, BRONSELAER Jeroen Maria Karel (chair)
- Director appointment, BRONSELAER Jeroen Maria Karel (telenet bestuurder)
- +4 further facts in this act
21-04
State Gazette act
Resignations: Saskia Gustava Yvonne SCHATTEMAN (director) and Lieven Maria Géry VERMAELE (director)Capital increase · Bank account · Capital decrease12 facts ▸
State Gazette act
Resignations: Saskia Gustava Yvonne SCHATTEMAN (director) and Lieven Maria Géry VERMAELE (director)
Capital increase · Bank account · Capital decrease12 facts ▸
- General meeting, 01/04/2021
- Capital increase, €2.000.000
- Capital increase, €63.211
- Bank account, KBC Bank NV
- Capital decrease, €2.379.016,32
- Capital, €829.194,68
- Statutes amendment
- Director resignation, Saskia Gustava Yvonne SCHATTEMAN (director)
- Director resignation, Lieven Maria Géry VERMAELE (director)
- Director discharge, Saskia Gustava Yvonne SCHATTEMAN
- Director discharge, Lieven Maria Géry VERMAELE
- Share transfer, Vlaamse Audiovisuele Regie → Telenet
2020
01-12
State Gazette act
Resignation: Wildcard Concepts BV (director)Permanent representative: Peter Quaghebeur · Appointment: Jeroen Bronselaer (director) · Power of attorney8 facts ▸
State Gazette act
Resignation: Wildcard Concepts BV (director)
Permanent representative: Peter Quaghebeur · Appointment: Jeroen Bronselaer (director) · Power of attorney8 facts ▸
- General meeting, 17/11/2020
- Director resignation, Wildcard Concepts BV (director)
- Permanent representative, Peter Quaghebeur
- Director appointment, Jeroen Bronselaer (director)
- Power of attorney, Philippe Baeten
- Power of attorney, Quinten Helsen
- Power of attorney, Ingrid Moriau
- Power of attorney, Els Bruninx
19-06
State Gazette act
Resignations: Dieter Nieuwdorp (director) and Ils Neuts (director)Appointments: Wildcard Concepts BV (director) and Christophe Van Wichelen (director) · Permanent representative: Peter Quaghebeur · Power of attorney9 facts ▸
State Gazette act
Resignations: Dieter Nieuwdorp (director) and Ils Neuts (director)
Appointments: Wildcard Concepts BV (director) and Christophe Van Wichelen (director) · Permanent representative: Peter Quaghebeur · Power of attorney9 facts ▸
- General meeting, 24/03/2020
- Director resignation, Dieter Nieuwdorp (director)
- Director resignation, Ils Neuts (director)
- Director appointment, Wildcard Concepts BV (director)
- Permanent representative, Peter Quaghebeur
- Director appointment, Christophe Van Wichelen (director)
- Power of attorney, Philippe Baeten
- Power of attorney, Quinten Helsen
- Power of attorney, Ingrid Moriau
19-06
State Gazette act
Resignation: Peter Claes (director)Appointment: Lieven Vermaele (director) · Power of attorney6 facts ▸
State Gazette act
Resignation: Peter Claes (director)
Appointment: Lieven Vermaele (director) · Power of attorney6 facts ▸
- General meeting, 26/03/2020
- Director resignation, Peter Claes (director)
- Director appointment, Lieven Vermaele (director)
- Power of attorney, Philippe Baeten
- Power of attorney, Quinten Helsen
- Power of attorney, Ingrid Moriau
19-06
State Gazette act
Reappointments: Saskia Schatteman, Lieven Vermaele and 2 othersPower of attorney12 facts ▸
State Gazette act
Reappointments: Saskia Schatteman, Lieven Vermaele and 2 others
Power of attorney12 facts ▸
- General meeting, 22-05-2020
- Director reappointment, Saskia Schatteman (director)
- Director reappointment, Lieven Vermaele (director)
- Director reappointment, Christophe Van Wichelen (director)
- Director reappointment, Wildcard Concepts BV (director)
- Power of attorney, Saskia Schatteman
- Power of attorney, Lieven Vermaele
- Power of attorney, Christophe Van Wichelen
- Power of attorney, Wildcard Concepts BV
- Power of attorney, Lieve Beckers
- Power of attorney, Philippe Baeten
- Power of attorney, Quinten Helsen
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
08-08
State Gazette act
Resignation: Bart Cobbaert (director)Appointments: Ils Neuts (director) and RSM Interaudit (statutory auditor) · Permanent representative: Kurt Coninx6 facts ▸
State Gazette act
Resignation: Bart Cobbaert (director)
Appointments: Ils Neuts (director) and RSM Interaudit (statutory auditor) · Permanent representative: Kurt Coninx6 facts ▸
- General meeting, 16/05/2019
- General meeting, 14/06/2019
- Director resignation, Bart Cobbaert (director)
- Director appointment, Ils Neuts (director)
- Auditor appointment, RSM Interaudit (statutory auditor)
- Permanent representative, Kurt Coninx (company auditor)
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
07-01
State Gazette act
Resignations: Lutgarde Vercruysse (director) and Jeroen Bronselaer (director)Appointments: Peter Claes (class A director) and Dieter Nieuwdorp (class B director)4 facts ▸
State Gazette act
Resignations: Lutgarde Vercruysse (director) and Jeroen Bronselaer (director)
Appointments: Peter Claes (class A director) and Dieter Nieuwdorp (class B director)4 facts ▸
- Director resignation, Lutgarde Vercruysse (director)
- Director appointment, Peter Claes (class A director)
- Director resignation, Jeroen Bronselaer (director)
- Director appointment, Dieter Nieuwdorp (class B director)
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
16-01
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital decrease · Capital6 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital decrease · Capital6 facts ▸
- General meeting, 28/12/2017
- Capital increase, €520.000
- Capital decrease, €1.522.692,58
- Capital decrease, €102.307,42
- Capital, €1.145.000
- Statutes amendment
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
12-05
State Gazette act
Resignation: Thierry Van Zeebroeck (director)Appointments: Saskia Schatteman (director) and RSM Interaudit (statutory auditor) · Permanent representative: Kurt Coninx5 facts ▸
State Gazette act
Resignation: Thierry Van Zeebroeck (director)
Appointments: Saskia Schatteman (director) and RSM Interaudit (statutory auditor) · Permanent representative: Kurt Coninx5 facts ▸
- General meeting, 21 September 2016
- Director resignation, Thierry Van Zeebroeck (director)
- Director appointment, Saskia Schatteman (director)
- Auditor appointment, RSM Interaudit (statutory auditor)
- Permanent representative, Kurt Coninx (company auditor)
2016
11-07
State Gazette act
Resignation: Dries Van den Cruyce (director)Appointment: Lutgarde Vercruysse (director)3 facts ▸
State Gazette act
Resignation: Dries Van den Cruyce (director)
Appointment: Lutgarde Vercruysse (director)3 facts ▸
- General meeting, 18/05/2016
- Director resignation, Dries Van den Cruyce (director)
- Director appointment, Lutgarde Vercruysse (director)
2015
09-09
State Gazette act
Resignation: Koen Van Rhijn (managing director)Appointment: Koen Van Rhijn (ceo, belast met het dagelijks bestuur) · Permanent representative: Koen Van Rhijn4 facts ▸
State Gazette act
Resignation: Koen Van Rhijn (managing director)
Appointment: Koen Van Rhijn (ceo, belast met het dagelijks bestuur) · Permanent representative: Koen Van Rhijn4 facts ▸
- Board meeting, 21/04/2015
- Director resignation, Koen Van Rhijn (managing director)
- Director appointment, Koen Van Rhijn (ceo, belast met het dagelijks bestuur)
- Permanent representative, Koen Van Rhijn
08-05
State Gazette act
Resignations: DECOSTER Bart, Eugeen, KOEN VAN RHIJN and 3 othersPermanent representative: VAN RHIJN Koen, Marie, Agnes, Jacobus · Reappointments: VAN ZEEBROECK, Thierry, Paul (director) and BRONSELAER Jeroen, Maria, Karel (director) · Appointments: VAN dEN CRUYCE Dries, Jan, Leen (director) and COBBAERT Bart, Julien (director)16 facts ▸
State Gazette act
Resignations: DECOSTER Bart, Eugeen, KOEN VAN RHIJN and 3 others
Permanent representative: VAN RHIJN Koen, Marie, Agnes, Jacobus · Reappointments: VAN ZEEBROECK, Thierry, Paul (director) and BRONSELAER Jeroen, Maria, Karel (director) · Appointments: VAN dEN CRUYCE Dries, Jan, Leen (director) and COBBAERT Bart, Julien (director)16 facts ▸
- General meeting, 21/04/2015
- Capital, €2.250.000
- Statutes amendment
- Statutes amendment
- Director resignation, DECOSTER Bart, Eugeen (director)
- Director resignation, KOEN VAN RHIJN (director and managing director)
- Permanent representative, VAN RHIJN Koen, Marie, Agnes, Jacobus
- Director resignation, DAEMEN Mark (adviseur)
- Director resignation, VAN dEN CRUYCE Dries (adviseur)
- Director resignation, COBBAERT Bart (adviseur)
- Director reappointment, VAN ZEEBROECK, Thierry, Paul (director)
- Director reappointment, BRONSELAER Jeroen, Maria, Karel (director)
- +4 further facts in this act
2014
19-03
State Gazette act
Resignation: Monique RAEFFELS (director)Appointment: Bart DECOSTER (director) · Permanent representative: Koen VAN RHIJN4 facts ▸
State Gazette act
Resignation: Monique RAEFFELS (director)
Appointment: Bart DECOSTER (director) · Permanent representative: Koen VAN RHIJN4 facts ▸
- Board meeting, 19/02/2014
- Director resignation, Monique RAEFFELS (director)
- Director appointment, Bart DECOSTER (director)
- Permanent representative, Koen VAN RHIJN
2013
31-05
State Gazette act
Resignation: Sigrid VAN DEN HOUTE (director)Appointments: Jeroen BRONSELAER (director) and BDO Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Bert Kegels and Koen VAN RHIJN8 facts ▸
State Gazette act
Resignation: Sigrid VAN DEN HOUTE (director)
Appointments: Jeroen BRONSELAER (director) and BDO Bedrijfsrevisoren (statutory auditor) · Permanent representatives: Bert Kegels and Koen VAN RHIJN8 facts ▸
- Board meeting, 22/03/2013
- Director resignation, Sigrid VAN DEN HOUTE (director)
- Director appointment, Jeroen BRONSELAER (director)
- General meeting, 16/05/2013
- Director appointment, Jeroen BRONSELAER (director)
- Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Bert Kegels
- Permanent representative, Koen VAN RHIJN
2012
15-05
State Gazette act
Appointment: Sigrid VAN DEN HOUTE (director)2 facts ▸
State Gazette act
Appointment: Sigrid VAN DEN HOUTE (director)
2 facts ▸
- General meeting, 19/05/2011
- Director appointment, Sigrid VAN DEN HOUTE (director)
2010
31-12
State Gazette act
Resignation: VAN RHIJN Koen (managing director)Appointment: KOEN VAN RHIJN (managing director) · Permanent representative: VAN RHIJN Koen4 facts ▸
State Gazette act
Resignation: VAN RHIJN Koen (managing director)
Appointment: KOEN VAN RHIJN (managing director) · Permanent representative: VAN RHIJN Koen4 facts ▸
- Board meeting, 09/12/2010
- Director resignation, VAN RHIJN Koen (managing director)
- Director appointment, KOEN VAN RHIJN (managing director)
- Permanent representative, VAN RHIJN Koen
26-11
State Gazette act
Appointments: VAN RHIJN Koen (managing director) and VAN DEN HOUTE Sigrid (director)Resignation: Schatteman Saskia (director) · Power of attorney7 facts ▸
State Gazette act
Appointments: VAN RHIJN Koen (managing director) and VAN DEN HOUTE Sigrid (director)
Resignation: Schatteman Saskia (director) · Power of attorney7 facts ▸
- Board meeting, 25/03/2010
- Director appointment, VAN RHIJN Koen (managing director)
- Power of attorney, VAN RHIJN Koen
- Power of attorney, DE JAEGERE Frank
- Board meeting, 10/11/2010
- Director resignation, Schatteman Saskia (director)
- Director appointment, VAN DEN HOUTE Sigrid (director)
04-05
State Gazette act
Resignations: CAPPO (director) and Monique RAEFFELS (chair of the board)Permanent representative: HARDY Edwin · Appointments: BDO Bedrijfsrevisoren (statutory auditor) and Thierry VAN ZEEBROECK (chair of the board) · Power of attorney9 facts ▸
State Gazette act
Resignations: CAPPO (director) and Monique RAEFFELS (chair of the board)
Permanent representative: HARDY Edwin · Appointments: BDO Bedrijfsrevisoren (statutory auditor) and Thierry VAN ZEEBROECK (chair of the board) · Power of attorney9 facts ▸
- General meeting, 22/01/2010
- Director resignation, CAPPO (director)
- Permanent representative, HARDY Edwin
- Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)
- Board meeting, 04/02/2010
- Director resignation, CAPPO (managing director)
- Power of attorney, CAPPO
- Director resignation, Monique RAEFFELS (chair of the board)
- Director appointment, Thierry VAN ZEEBROECK (chair of the board)
2009
16-02
State Gazette act
MiscellaneousCapital · Statutes amendment2 facts ▸
State Gazette act
Miscellaneous
Capital · Statutes amendment2 facts ▸
- Capital
- Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
35 of 35 acts read
Register details
Identification
Legal formPublic limited company
Founded22-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809309701
Also
9925:BE0809309701
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 5 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
549300XNAMJHRWL8YM95
Sites & property
Location & real-estate footprint
Registered office, Vilvoorde · 3 establishment units since 2021
Ground area
3.0 ha
Building footprint
9,916 m²
Volume, LiDAR
101,246 m³
3 parcels, Flanders · tallest building 22.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Ads & Data
since 2021unit no. 2.323.929.166
Ads & Data
since 2021unit no. 2.323.929.265
Ads & Data
since 2021unit no. 2.323.929.364
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0223/00B003 | Flanders | 1.4 ha | 1 · 3,963 m² | 22.1 m · 5 fl. |
| 23644H0251/00N000 | Flanders | 1.2 ha | 1 · 3,624 m² | 17.3 m · 4 fl. |
| 71327G0703/00B000 | Flanders | 3,985 m² | 1 · 2,329 m² | 15.6 m |
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.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- De vennootschap heeft tot voorwerp zowel in België als in het buitenland zowel voor eigen naam en voor eigen rekening als voor naam of voor rekening van derden, alleen of in…
Full purpose
De vennootschap heeft tot voorwerp zowel in België als in het buitenland zowel voor eigen naam en voor eigen rekening als voor naam of voor rekening van derden, alleen of in samenwerking met derden: -de commerciële exploitatie van interactieve media en het opzetten van interactieve reclameregie... -de ontwikkeling en exploitatie van hetzij bestaande, hetzij nieuwe commerciële activiteiten die rechtstreeks of onrechtstreeks verbonden zijn met de interactieve media en reclameregie...
Who represents it, and how
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- 13 provisions in the deed