+ AGENCY
ActiveSummary
+ AGENCY has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €129k and a net result of €4k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 1235 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-3
Solvency94▲+18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 1.85 in 2023; short-term debt: 31.1% and cash: 74.3% of total assets), and 31.1% of the assets are financed with debt.
Credit check 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 · 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 · 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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-06-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d early
2023
44 d early
2022
115 d late
2021
30 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€129k▲ 3.3%
2023 · €125k
2018: €23klowest in 7 years
2019: €58k▲ +155% vs 2018
2020: €148k▲ +154% vs 2019highest in 7 years
2021: €120k▼ -19.2% vs 2020
2022: €124k▲ +4.0% vs 2021
2023: €125k▲ +0.5% vs 2022
2024: €129k▲ +3.3% vs 2023
2018 → 2024
Total assets
€187k▼ 22.8%
2023 · €243k
2018: €257k
2019: €292k▲ +13.6% vs 2018
2020: €303k▲ +3.9% vs 2019
2021: €329k▲ +8.4% vs 2020highest in 7 years
2022: €249k▼ -24.2% vs 2021
2023: €243k▼ -2.5% vs 2022
2024: €187k▼ -22.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€4k▼ 61.7%
2023 · €11k
2018: €60k
2019: €35k▼ -41.5% vs 2018
2020: €90k▲ +154% vs 2019highest in 7 years
2021: €47k▼ -48.1% vs 2020
2022: €15k▼ -68.2% vs 2021
2023: €11k▼ -27.8% vs 2022
2024: €4k▼ -61.7% vs 2023lowest in 7 years
2018 → 2024
Working capital
€116k▲ 15.4%
2023 · €100k
2018: €-20k
2019: €-46k▼ -124% vs 2018lowest in 7 years
2020: €46k▲ +201% vs 2019
2021: €41k▼ -10.0% vs 2020
2022: €74k▲ +78.3% vs 2021
2023: €100k▲ +36.0% vs 2022
2024: €116k▲ +15.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€148k-€120k▼ 19.2%€124k▲ 4.0%€125k▲ 0.5%€129k▲ 3.3%
2020: €148khighest in 5 years
2021: €120k▼ -19.2% vs 2020lowest in 5 years
2022: €124k▲ +4.0% vs 2021
2023: €125k▲ +0.5% vs 2022
2024: €129k▲ +3.3% vs 2023
Operating result€82k-€67k▼ 18.7%€23k▼ 65.7%€16k▼ 28.3%€8k▼ 51.7%
2020: €82khighest in 5 years
2021: €67k▼ -18.7% vs 2020
2022: €23k▼ -65.7% vs 2021
2023: €16k▼ -28.3% vs 2022
2024: €8k▼ -51.7% vs 2023lowest in 5 years
Net result€90k-€47k▼ 48.1%€15k▼ 68.2%€11k▼ 27.8%€4k▼ 61.7%
2020: €90khighest in 5 years
2021: €47k▼ -48.1% vs 2020
2022: €15k▼ -68.2% vs 2021
2023: €11k▼ -27.8% vs 2022
2024: €4k▼ -61.7% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 52% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187k
Fixed assets
€13k ▼ 45.7%
Current assets
€174k ▼ 20.2%
Equity and liabilities €187k
Equity
€129k ▲ 3.3%
Debt
€58k ▼ 50.5%
Debt's share of the balance-sheet total falls from 48.5% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2023 · €45k
Cash flow
€17k▼
2023 · €39k
Current ratio
2.98▲
2023 · 1.85
Debt to equity
0.45▼
2023 · 0.94
ROE
3.2%▼
2023 · 8.5%
ROA
2.2%▼
2023 · 4.4%
Interest coverage
36.14▼
2023 · 64.82
Debt ≤ 1 year
€58k▼
2023 · €118k
Income taxes
€3k▼
2023 · €5k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€243k€187k▼
Fixed assets21/28€25k€13k▼
Tangible fixed assets22/27€23k€12k▼
Furniture and vehicles24€11k€4k▼
Other tangible fixed assets26€12k€7k▼
Financial fixed assets28€2k€2k=
Current assets29/58€218k€174k▼
Amounts receivable within one year40/41€188k€31k▼
Trade receivables40€80k€24k▼
Other amounts receivable41€107k€7k▼
Cash at bank and in hand54/58€29k€139k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€243k€187k▼
Equity10/15€125k€129k▲
Contributions10/11€12k€12k=
Reserves13€112k€112k=
Distributable reserves133€112k€112k=
Profit (loss) carried forward14€675€5k▲
Amounts payable17/49€118k€58k▼
Amounts payable within one year42/48€118k€58k▼
Trade debts44€104k€41k▼
Suppliers440/4€104k€41k▼
Taxes, remuneration and social security45€4k€17k▲
Taxes450/3€4k€3k▼
Remuneration and social security454/9-€14k
Other amounts payable47/48€10k€11▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€12k▼
Other operating charges640/8€207€2k▲
Gross operating margin9900€45k€22k▼
Operating profit (loss)9901€16k€8k▼
Financial income75/76B€98€3▼
Recurring financial income75€98€3▼
Financial charges65/66B€689€563▼
Recurring financial charges65€689€563▼
Profit (loss) for the period before taxes9903€16k€7k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€11k€4k▼
Profit (loss) for the period to be appropriated9905€11k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€5k▼
Profit (loss) brought forward from the previous period14P-€675
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1k | €1k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37k | €39k | €39k | €28k | €12k | ▼ 56.0% |
| Other operating charges640/8 | - | €813 | €755 | €207 | €2k | ▲ 841% |
| Non-recurring operating charges66A | - | €265 | - | - | - | - |
| Gross operating margin9900 | €121k | €108k | €64k | €45k | €22k | ▼ 50.3% |
| Operating profit (loss)9901 | €82k | €67k | €23k | €16k | €8k | ▼ 51.7% |
| Financial income75/76B | - | €14 | €43 | €98 | €3 | ▼ 97.1% |
| Recurring financial income75 | €5 | €14 | €43 | €98 | €3 | ▼ 97.1% |
| Financial charges65/66B | - | €543 | €660 | €689 | €563 | ▼ 18.2% |
| Recurring financial charges65 | €1k | €543 | €660 | €689 | €563 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €81k | €66k | €22k | €16k | €7k | ▼ 53.4% |
| Income taxes67/77 | €-9k | €20k | €8k | €5k | €3k | ▼ 36.2% |
| Profit (loss) for the period9904 | €90k | €47k | €15k | €11k | €4k | ▼ 61.7% |
| Profit (loss) for the period to be appropriated9905 | €90k | €47k | €15k | €11k | €4k | ▼ 61.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303k | €329k | €249k | €243k | €187k | ▼ 22.8% |
| Fixed assets21/28 | €104k | €78k | €51k | €25k | €13k | ▼ 45.7% |
| Tangible fixed assets22/27 | €104k | €78k | €49k | €23k | €12k | ▼ 49.3% |
| Furniture and vehicles24 | - | €26k | €15k | €11k | €4k | ▼ 58.0% |
| Other tangible fixed assets26 | - | €52k | €34k | €12k | €7k | ▼ 41.8% |
| Financial fixed assets28 | - | - | €2k | €2k | €2k | = |
| Current assets29/58 | €199k | €250k | €198k | €218k | €174k | ▼ 20.2% |
| Amounts receivable within one year40/41 | €65k | €50k | €106k | €188k | €31k | ▼ 83.6% |
| Trade receivables40 | - | €47k | €103k | €80k | €24k | ▼ 70.3% |
| Other amounts receivable41 | - | €3k | €2k | €107k | €7k | ▼ 93.5% |
| Cash at bank and in hand54/58 | €133k | €200k | €91k | €29k | €139k | ▲ 377% |
| Deferred charges and accrued income490/1 | - | €942 | €1k | €1k | €4k | ▲ 260% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303k | €329k | €249k | €243k | €187k | ▼ 22.8% |
| Equity10/15 | €148k | €120k | €124k | €125k | €129k | ▲ 3.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €136k | €107k | €112k | €112k | €112k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | - | - | - |
| Reserves not available under the articles1311 | - | €1k | €1k | - | - | - |
| Distributable reserves133 | - | €106k | €111k | €112k | €112k | = |
| Profit (loss) carried forward14 | - | - | - | €675 | €5k | ▲ 606% |
| Amounts payable17/49 | €155k | €209k | €125k | €118k | €58k | ▼ 50.5% |
| Amounts payable within one year42/48 | €153k | €209k | €125k | €118k | €58k | ▼ 50.5% |
| Trade debts44 | €88k | €116k | €98k | €104k | €41k | ▼ 60.7% |
| Suppliers440/4 | - | €116k | €98k | €104k | €41k | ▼ 60.7% |
| Taxes, remuneration and social security45 | - | €47k | €19k | €4k | €17k | ▲ 379% |
| Taxes450/3 | - | €44k | €19k | €4k | €3k | ▼ 8.8% |
| Remuneration and social security454/9 | - | €3k | - | - | €14k | - |
| Other amounts payable47/48 | - | €46k | €7k | €10k | €11 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90k | €47k | €15k | €11k | €4k | ▼ 61.7% |
| + Depreciation and write-downs630 | €37k | €39k | €39k | €28k | €12k | ▼ 56.0% |
| Operating cash flow (approximation) | €127k | €85k | €54k | €39k | €17k | ▼ 57.5% |
| Investment in fixed assets (approximation) | - | €-13k | €-11k | €-2k | €-1k | ▲ 53.7% |
| Change in cash | - | €66k | €-108k | €-62k | €110k | ▲ 277% |
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
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €4k ▼61.7%
Net result drops to €4k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €90k ▲154%
Operating result €82k, net result €90k, both a record.
31-12
Financial
Equity above €100kEq €148k ▲154%
3 profitable years in a row build equity to €148k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waterloo · 2 establishment units since 2011
Ground area
1,231 m²
Building footprint
289 m²
Volume, LiDAR
2,398 m³
2 parcels, Brussels, Wallonia · tallest building 17.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Avenue du Vert Bocage 42, 1410 Waterloo
since 20112.201.994.327
s.p.r.l.
since 20192.289.898.301
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0281/00Z000 | Wallonia | 930 m² | 1 · 160 m² | 7.6 m · 2 fl. |
| 21447B0260/00V002 | Brussels | 302 m² | 1 · 129 m² | 17.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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. 621 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
Founded25-08-2011
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
18140Printing and reproduction of recorded media
25110Manufacture of metal structures and parts of structures
46190Agents in non-specialised wholesale trade
47400Retail sale of information and communication equipment
58110Book publishing
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
96999Other personal services
Contact
Scores and ratios are computed by Checked and are not a credit decision.