ADVERTIME
ActiveSummary
ADVERTIME has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €4k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 312 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.54 against 4.36 in 2024; short-term debt: 14.2% and cash: 57.8% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
76.5%
Return on assets
2.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€97k▲ 3.9%
2024 · €94k
2018: €78klowest in 8 years
2019: €80k▲ +2.6% vs 2018
2020: €91k▲ +13.0% vs 2019
2021: €91k▲ +0.3% vs 2020
2022: €94k▲ +3.4% vs 2021
2023: €93k▼ -1.8% vs 2022
2024: €94k▲ +1.2% vs 2023
2025: €97k▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€127k▲ 8.4%
2024 · €117k
2018: €85klowest in 8 years
2019: €98k▲ +15.6% vs 2018
2020: €165k▲ +67.7% vs 2019highest in 8 years
2021: €155k▼ -5.8% vs 2020
2022: €145k▼ -6.5% vs 2021
2023: €145k▼ -0.2% vs 2022
2024: €117k▼ -19.1% vs 2023
2025: €127k▲ +8.4% vs 2024
2018 → 2025
Net result
€4k▲ 228%
2024 · €1k
2018: €3k
2019: €2k▼ -40.3% vs 2018
2020: €10k▲ +414% vs 2019highest in 8 years
2021: €283▼ -97.3% vs 2020
2022: €3k▲ +981% vs 2021
2023: €-2k▼ -157% vs 2022lowest in 8 years
2024: €1k▲ +165% vs 2023
2025: €4k▲ +228% vs 2024
2018 → 2025
Working capital
€100k▲ 25.1%
2024 · €80k
2018: €64klowest in 8 years
2019: €75k▲ +16.2% vs 2018
2020: €88k▲ +17.4% vs 2019
2021: €65k▼ -26.5% vs 2020
2022: €79k▲ +22.7% vs 2021
2023: €80k▲ +0.9% vs 2022
2024: €80k▼ -0.3% vs 2023
2025: €100k▲ +25.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€94k▲ 3.4%€93k▼ 1.8%€94k▲ 1.2%€97k▲ 3.9%
2021: €91klowest in 5 years
2022: €94k▲ +3.4% vs 2021
2023: €93k▼ -1.8% vs 2022
2024: €94k▲ +1.2% vs 2023
2025: €97k▲ +3.9% vs 2024highest in 5 years
Operating result€5k-€7k▲ 52.7%€2k▼ 69.3%€6k▲ 181%€6k▼ 2.9%
2021: €5k
2022: €7k▲ +52.7% vs 2021highest in 5 years
2023: €2k▼ -69.3% vs 2022lowest in 5 years
2024: €6k▲ +181% vs 2023
2025: €6k▼ -2.9% vs 2024
Net result€283-€3k▲ 981%€-2k€1k€4k▲ 228%
2021: €283
2022: €3k▲ +981% vs 2021
2023: €-2k▼ -157% vs 2022lowest in 5 years
2024: €1k▲ +165% vs 2023
2025: €4k▲ +228% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€9k ▼ 32.5%
Current assets
€118k ▲ 13.9%
Equity and liabilities €127k
Equity
€97k ▲ 3.9%
Debt
€30k ▲ 26.1%
Debt's share of the balance-sheet total rises from 20.2% to 23.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11k▼
2024 · €21k
Cash flow
€8k▼
2024 · €15k
Current ratio
6.54▲
2024 · 4.36
Debt to equity
0.31▲
2024 · 0.25
ROE
3.8%▲
2024 · 1.2%
ROA
2.9%▲
2024 · 1.0%
Interest coverage
10.72▼
2024 · 18.09
Debt ≤ 1 year
€18k▼
2024 · €24k
Income taxes
€2k▼
2024 · €4k
Staff costs
€80▼
2024 · €199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€117k€127k▲
Fixed assets21/28€14k€9k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€5k€684▼
Furniture and vehicles24€8k€8k=
Financial fixed assets28€713€713=
Current assets29/58€104k€118k▲
Amounts receivable within one year40/41€19k€20k▲
Trade receivables40€19k€20k▲
Current investments50/53€3k€24k▲
Cash at bank and in hand54/58€82k€74k▼
Equity and liabilities
Total equity and liabilities10/49€117k€127k▲
Equity10/15€94k€97k▲
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Other1109/19€12k€12k=
Reserves13€20k€20k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€62k€65k▲
Amounts payable17/49€24k€30k▲
Amounts payable within one year42/48€24k€18k▼
Current portion of amounts payable after more than one year42€6k-
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€5k€6k▲
Accrued charges and deferred income492/3-€12k
Income statement
Code20242025
Remuneration, social security and pensions62€199€80▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€4k▼
Other operating charges640/8€2k€824▼
Gross operating margin9900€22k€12k▼
Operating profit (loss)9901€6k€6k▼
Financial income75/76B-€74
Recurring financial income75-€74
Financial charges65/66B€1k€991▼
Recurring financial charges65€1k€991▼
Profit (loss) for the period before taxes9903€5k€5k▲
Income taxes67/77€4k€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€62k€65k▲
Profit (loss) brought forward from the previous period14P€61k€62k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €403 | €24 | €74 | €199 | €80 | ▼ 59.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €15k | €14k | €14k | €4k | ▼ 68.8% |
| Other operating charges640/8 | €3k | €2k | €820 | €2k | €824 | ▼ 48.7% |
| Gross operating margin9900 | €23k | €24k | €18k | €22k | €12k | ▼ 48.8% |
| Operating profit (loss)9901 | €5k | €7k | €2k | €6k | €6k | ▼ 2.9% |
| Financial income75/76B | €17 | - | - | - | €74 | - |
| Recurring financial income75 | €17 | - | - | - | €74 | - |
| Financial charges65/66B | €3k | €521 | €677 | €1k | €991 | ▼ 13.4% |
| Recurring financial charges65 | €3k | €521 | €677 | €1k | €991 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €2k | €7k | €2k | €5k | €5k | ▲ 0.8% |
| Income taxes67/77 | €2k | €4k | €3k | €4k | €2k | ▼ 61.8% |
| Profit (loss) for the period9904 | €283 | €3k | €-2k | €1k | €4k | ▲ 228% |
| Profit (loss) for the period to be appropriated9905 | €283 | €3k | €-2k | €1k | €4k | ▲ 228% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155k | €145k | €145k | €117k | €127k | ▲ 8.4% |
| Fixed assets21/28 | €58k | €43k | €28k | €14k | €9k | ▼ 32.5% |
| Tangible fixed assets22/27 | €57k | €42k | €27k | €13k | €9k | ▼ 34.3% |
| Plant, machinery and equipment23 | €21k | €16k | €10k | €5k | €684 | ▼ 86.8% |
| Furniture and vehicles24 | €35k | €26k | €17k | €8k | €8k | = |
| Financial fixed assets28 | €713 | €713 | €713 | €713 | €713 | = |
| Current assets29/58 | €98k | €103k | €117k | €104k | €118k | ▲ 13.9% |
| Amounts receivable within one year40/41 | €37k | €19k | €23k | €19k | €20k | ▲ 7.6% |
| Trade receivables40 | €774 | €19k | €23k | €19k | €20k | ▲ 7.6% |
| Other amounts receivable41 | €36k | - | - | - | - | - |
| Current investments50/53 | €1k | €2k | €3k | €3k | €24k | ▲ 619% |
| Cash at bank and in hand54/58 | €60k | €82k | €90k | €82k | €74k | ▼ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155k | €145k | €145k | €117k | €127k | ▲ 8.4% |
| Equity10/15 | €91k | €94k | €93k | €94k | €97k | ▲ 3.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Outside capital11 | €12k | €12k | €12k | €12k | €12k | = |
| Other1109/19 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €20k | €20k | €20k | €20k | €20k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €18k | €18k | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €59k | €62k | €61k | €62k | €65k | ▲ 6.0% |
| Amounts payable17/49 | €64k | €51k | €53k | €24k | €30k | ▲ 26.1% |
| Amounts payable after more than one year17 | €31k | €18k | €6k | - | - | - |
| Financial debts170/4 | €31k | €18k | €6k | - | - | - |
| Amounts payable within one year42/48 | €33k | €23k | €37k | €24k | €18k | ▼ 24.1% |
| Current portion of amounts payable after more than one year42 | €13k | €13k | €13k | €6k | - | - |
| Trade debts44 | €3k | €1k | €6k | €4k | €2k | ▼ 54.7% |
| Suppliers440/4 | €3k | €1k | €6k | €4k | €2k | ▼ 54.7% |
| Taxes, remuneration and social security45 | €13k | €9k | €12k | €8k | €10k | ▲ 27.9% |
| Taxes450/3 | €13k | €9k | €12k | €8k | €10k | ▲ 27.9% |
| Other amounts payable47/48 | €5k | €368 | €6k | €5k | €6k | ▲ 16.1% |
| Accrued charges and deferred income492/3 | - | €9k | €9k | - | €12k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283 | €3k | €-2k | €1k | €4k | ▲ 228% |
| + Depreciation and write-downs630 | €16k | €15k | €14k | €14k | €4k | ▼ 68.8% |
| Operating cash flow (approximation) | €16k | €18k | €13k | €15k | €8k | ▼ 47.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €22k | €8k | €-8k | €-8k | ▲ 4.7% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲414%
Operating result €17k, net result €10k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 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, Haaltert · 1 establishment unit since 2007
Ground area
562 m²
Building footprint
115 m²
Volume, LiDAR
899 m³
Parcel 41010A1382/00H000, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Advertime
since 20072.162.060.219
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41010A1382/00H000 | Flanders | 562 m² | 1 · 115 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,599 companies in sector 18120 we hold annual accounts for 807. 612 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 (pre-2019)
Founded26-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.