Another Vision
ActiveSummary
Another Vision has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.86M and a net result of €164k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity ample (current ratio 29.74 against 6.69 in 2024; short-term debt: 2.2% and cash: 27.1% of total assets), and 4.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
95.7%
Return on assets
8.4%
Age of the figures
9 mo
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 11-06-2026, 50 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
50 d early
2024
35 d early
2023
12 d early
2022
39 d early
2021
9 d early
2020
30 d early
2019
11 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€1.86M▲ 9.7%
2024 · €1.69M
Total assets
€1.94M▲ 0.3%
2024 · €1.93M
Net result
€164k▼ 0.6%
2024 · €165k
Working capital
€1.21M▲ 15.1%
2024 · €1.05M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€200▼ 81.4%€249k-€236k▼ 5.4%€225k▼ 4.6%€220k▼ 2.4%
Net result€-596€180k-€331k▲ 83.3%€165k▼ 50.2%€164k▼ 0.6%
Equity€-61k▼ 1.0%€1.40M-€1.67M▲ 19.5%€1.69M▲ 1.2%€1.86M▲ 9.7%
Total assets€12k▲ 10.2%€1.45M-€1.78M▲ 22.5%€1.93M▲ 8.5%€1.94M▲ 0.3%
Debt€73k▲ 2.4%€55k-€109k▲ 99.0%€241k▲ 121%€84k▼ 65.3%
Working capital€549▼ 60.3%€789k-€1.14M▲ 44.4%€1.05M▼ 7.8%€1.21M▲ 15.1%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€688k ▼ 1.4%
Current assets
€1.25M ▲ 1.3%
Equity and liabilities €1.94M
Equity
€1.86M ▲ 9.7%
Debt
€84k ▼ 65.3%
Debt's share of the balance-sheet total falls from 12.5% to 4.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€230k▼
2024 · €236k
Cash flow
€174k▼
2024 · €175k
Current ratio
29.74▲
2024 · 6.69
Debt to equity
0.05▼
2024 · 0.14
ROE
8.8%▼
2024 · 9.7%
ROA
8.4%▼
2024 · 8.5%
Interest coverage
61.88▼
2024 · 140.18
Debt ≤ 1 year
€42k▼
2024 · €185k
Debt > 1 year
€42k▼
2024 · €56k
Income taxes
€72k▲
2024 · €70k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €12k | €12k | €10k | €10k | ▼ 3.3% |
| Other operating charges640/8 | - | €1k | €383 | €2k | €2k | ▲ 8.1% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €1k | €262k | €248k | €237k | €232k | ▼ 2.4% |
| Operating profit (loss)9901 | €200 | €249k | €236k | €225k | €220k | ▼ 2.4% |
| Financial income75/76B | - | €3k | €188k | €11k | €19k | ▲ 70.9% |
| Recurring financial income75 | - | €3k | €10k | €11k | €19k | ▲ 70.9% |
| Non-recurring financial income76B | - | - | €178k | €0 | - | - |
| Financial charges65/66B | - | €1k | €2k | €2k | €4k | ▲ 121% |
| Recurring financial charges65 | €795 | €1k | €2k | €2k | €4k | ▲ 121% |
| Profit (loss) for the period before taxes9903 | €-596 | €251k | €422k | €235k | €235k | ▲ 0.2% |
| Income taxes67/77 | - | €71k | €91k | €70k | €72k | ▲ 2.1% |
| Profit (loss) for the period9904 | €-596 | €180k | €331k | €165k | €164k | ▼ 0.6% |
| Transfer from tax-exempt reserves789 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-596 | €180k | €331k | €165k | €164k | ▼ 0.6% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12k | €1.45M | €1.78M | €1.93M | €1.94M | ▲ 0.3% |
| Formation expenses20 | €821 | €0 | - | - | - | - |
| Fixed assets21/28 | €2k | €616k | €533k | €698k | €688k | ▼ 1.4% |
| Intangible fixed assets21 | €1k | €405 | €0 | - | - | - |
| Tangible fixed assets22/27 | €1k | €32k | €21k | €11k | €924 | ▼ 91.5% |
| Plant, machinery and equipment23 | - | €209 | €140 | €70 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €32k | €21k | €11k | €924 | ▼ 91.4% |
| Financial fixed assets28 | - | €584k | €512k | €687k | €687k | = |
| Current assets29/58 | €9k | €838k | €1.25M | €1.23M | €1.25M | ▲ 1.3% |
| Amounts receivable after more than one year29 | - | - | €28k | €14k | €39k | ▲ 173% |
| Trade receivables290 | - | - | €28k | €14k | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €39k | - |
| Amounts receivable within one year40/41 | €1k | €244k | €193k | €153k | €171k | ▲ 11.4% |
| Trade receivables40 | - | €59k | €58k | €18k | €34k | ▲ 85.5% |
| Other amounts receivable41 | - | €185k | €135k | €135k | €137k | ▲ 1.2% |
| Current investments50/53 | - | €247k | €384k | €445k | €512k | ▲ 15.1% |
| Cash at bank and in hand54/58 | €5k | €344k | €640k | €618k | €526k | ▼ 14.9% |
| Deferred charges and accrued income490/1 | - | €2k | €4k | €5k | €4k | ▼ 16.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12k | €1.45M | €1.78M | €1.93M | €1.94M | ▲ 0.3% |
| Equity10/15 | €-61k | €1.40M | €1.67M | €1.69M | €1.86M | ▲ 9.7% |
| Contributions10/11 | - | €37k | €37k | €37k | €37k | = |
| Reserves13 | - | €1.36M | €1.63M | €1.65M | €1.82M | ▲ 9.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €1.36M | €1.63M | €1.65M | €1.82M | ▲ 9.9% |
| Profit (loss) carried forward14 | €-80k | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €73k | €55k | €109k | €241k | €84k | ▼ 65.3% |
| Amounts payable after more than one year17 | €65k | €6k | €0 | €56k | €42k | ▼ 26.0% |
| Financial debts170/4 | - | €6k | €0 | €56k | €42k | ▼ 26.0% |
| Amounts payable within one year42/48 | €8k | €49k | €109k | €185k | €42k | ▼ 77.2% |
| Current portion of amounts payable after more than one year42 | - | €8k | €6k | €14k | €15k | ▲ 3.6% |
| Trade debts44 | €2k | €1k | €2k | €169 | €2k | ▲ 843% |
| Suppliers440/4 | - | €1k | €2k | €169 | €2k | ▲ 843% |
| Taxes, remuneration and social security45 | - | €39k | €44k | €26k | €26k | ▲ 0.5% |
| Taxes450/3 | - | €39k | €44k | €26k | €26k | ▲ 0.5% |
| Other amounts payable47/48 | - | €18 | €58k | €145k | €0 | ▼ 100% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-596 | €180k | €331k | €165k | €164k | ▼ 0.6% |
| + Depreciation and write-downs630 | €1k | €12k | €12k | €10k | €10k | ▼ 3.3% |
| Operating cash flow (approximation) | €442 | €192k | €342k | €175k | €174k | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | - | €72k | €-176k | €0 | ▲ 100% |
| Change in cash | - | - | €295k | €-22k | €-92k | ▼ 326% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 29.74
Current ratio from 6.69 to 29.74; short-term debt falls from €185k to €42k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €331k ▲83.3%
Net result €331k, the highest in the series.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €180k
Net result €180k after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 17.21
Current ratio from 1.07 to 17.21.
31-12
Financial
Equity above €1MEq €1.40M
Equity rises from €-61k to €1.40M.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €278
Net result €278 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wevelgem · 1 establishment unit since 2017
Ground area
448 m²
Building footprint
81 m²
Volume, LiDAR
511 m³
Parcel 34302B0468/00T003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Another Vision
since 20172.267.605.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0468/00T003 | Flanders | 448 m² | 1 · 81 m² | 10.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 1,020 EUR awarded · 1,020 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 300 EUR |
| 2022 | 1 | 1,020 EUR | 720 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 3,219 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)
Founded05-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.