AdShoe
ActiveAdShoe has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 6963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
66
/ 100
Healthy▲ +33 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+35
Solvency34▲+21
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.41 in 2024), and 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.6%
Return on assets
2.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
31 d late
2022
145 d early
2021
24 d late
2020
32 d early
2019
19 d late
2018
33 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€34k▲ 11.9%
2024 · €31k
2018: €-9k
2019: €11k
2020: €28k
2021: €32k
2022: €34k
2024: €31k
2018 → 2025
Total assets
€125k▼ 22.5%
2024 · €161k
2018: €276k
2019: €267k
2020: €263k
2021: €195k
2022: €177k
2024: €161k
2018 → 2025
Net result
€4k▲ 235%
2024 · €1k
2018: €-25k
2019: €19k
2020: €19k
2021: €4k
2022: €3k
2024: €1k
2018 → 2025
Working capital
€-8k▲ 71.7%
2024 · €-28k
2018: €-61k
2019: €-39k
2020: €-15k
2021: €-24k
2022: €-18k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€28k-€32k▲ 15.3%€34k▲ 7.9%€31k▼ 10.8%€34k▲ 11.9%
Operating result€23k-€7k▼ 68.0%€5k▼ 30.9%€5k▼ 3.7%€7k▲ 55.5%
Net result€19k-€4k▼ 78.3%€3k▼ 40.3%€1k▼ 56.6%€4k▲ 235%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €125k
Fixed assets
€110k▼ 21.6%
Current assets
€14k▼ 28.9%
Equity and liabilities €125k
Equity
€34k▲ 11.9%
Debt
€90k▼ 30.6%
The debt ratio falls from 80.9% to 72.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€39k▲
2024 · €38k
Cash flow
€35k▲
2024 · €34k
Solvency
27.6%▲
2024 · 19.1%
Current ratio
0.64▲
2024 · 0.41
Quick ratio
0.64▲
2024 · 0.41
Debt / equity
2.62▼
2024 · 4.23
ROE
10.7%▲
2024 · 3.6%
ROA
2.9%▲
2024 · 0.7%
Interest coverage
17.32▲
2024 · 11.10
Debt
€90k▼
2024 · €130k
Debt ≤ 1 year
€22k▼
2024 · €48k
Debt > 1 year
€68k▼
2024 · €82k
Income taxes
€2k▲
2024 · €258
Staff costs
€47k▼
2024 · €48k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€161k€125k▼
Fixed assets21/28€141k€110k▼
Tangible fixed assets22/27€141k€110k▼
Land and buildings22€27k€24k▼
Plant, machinery and equipment23€60k€39k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€52k€46k▼
Current assets29/58€20k€14k▼
Amounts receivable within one year40/41€11k€10k▼
Trade receivables40€10k€10k▼
Other amounts receivable41€400€400=
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1€500-
Equity and liabilities
Total equity and liabilities10/49€161k€125k▼
Equity10/15€31k€34k▲
Contributions10/11€19k€19k=
Reserves13€16k€16k▲
Non-distributable reserves130/1€16k€2k▼
Reserves not available under the articles1311€2k€2k=
Financial assistance1313€14k-
Distributable reserves133-€14k
Profit (loss) carried forward14€-4k-
Amounts payable17/49€130k€90k▼
Amounts payable after more than one year17€82k€68k▼
Financial debts170/4€82k€68k▼
Amounts payable within one year42/48€48k€22k▼
Current portion of amounts payable after more than one year42€9k€6k▼
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€17k€12k▼
Taxes450/3€9k€11k▲
Remuneration and social security454/9€7k€1k▼
Other amounts payable47/48€13k€236▼
Income statement
Code20242025
Remuneration, social security and pensions62€48k€47k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€31k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€88k€87k▼
Operating profit (loss)9901€5k€7k▲
Financial income75/76B€3€3=
Recurring financial income75€3€3=
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€1k€5k▲
Income taxes67/77€258€2k▲
Profit (loss) for the period9904€1k€4k▲
Profit (loss) for the period to be appropriated9905€1k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€22▲
Profit (loss) brought forward from the previous period14P€-5k€-4k▲
Transfer to equity691/2-€22
To other reserves6921-€22
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Sint-Truiden · 2 establishment units since 2015
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.
Breendonkstraat 123800 Sint-TruidenGround area
5,815 m²
Building footprint
7,340 m²
Volume, LiDAR
49,856 m³
2 parcels, Flanders · tallest building 17.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Schoenatelier Mario
since 20152.242.142.825
Graveeratelier
since 20172.289.100.822
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0187/00M003 | Flanders | 5,671 m² | 1 · 7,199 m² | 14.8 m · 2 fl. |
| 71053H0729/00E000 | Flanders | 144 m² | 1 · 140 m² | 17.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 2,855 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-2010
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
95230Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
70200Business and other management consultancy
70220Business consulting
77392Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:graveeratelier.be
E-mail:info@schoenmakerijmario.be
Website:schoenmakerijmario.be
E-mail:info@graveeratelier.be
Phone:0494654329