APPROVED
ActiveAPPROVED has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €27k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 6974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 7.33 against 7.01 in 2024; short-term debt: 11.2% and cash: 70.9% of total assets), and 22.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
77.8%
Return on assets
13%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
45 d early
2023
44 d early
2022
47 d early
2021
35 d early
2020
32 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€164k▲ 11.8%
2024 · €147k
2019: €129k
2020: €131k
2021: €144k
2022: €104k
2023: €131k
2024: €147k
2019 → 2025
Total assets
€211k▲ 23.3%
2024 · €171k
2019: €135k
2020: €136k
2021: €157k
2022: €179k
2023: €152k
2024: €171k
2019 → 2025
Net result
€27k▲ 3.3%
2024 · €27k
2019: €8k
2020: €3k
2021: €13k
2022: €20k
2023: €31k
2024: €27k
2019 → 2025
Working capital
€150k▲ 2.7%
2024 · €146k
2019: €118k
2020: €123k
2021: €140k
2022: €101k
2023: €128k
2024: €146k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€104k▼ 27.9%€131k▲ 25.4%€147k▲ 12.6%€164k▲ 11.8%
Operating result€18k-€29k▲ 57.3%€44k▲ 52.0%€37k▼ 15.7%€38k▲ 3.4%
Net result€13k-€20k▲ 57.5%€31k▲ 54.9%€27k▼ 15.6%€27k▲ 3.3%
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 3% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€38k▲ 3,371%
Current assets
€174k▲ 1.9%
Equity and liabilities €211k
Equity
€164k▲ 11.8%
Debt
€47k▲ 92.5%
The debt ratio rises from 14.2% to 22.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €38k
Cash flow
€36k▲
2024 · €28k
Solvency
77.8%▼
2024 · 85.8%
Current ratio
7.33▲
2024 · 7.01
Quick ratio
7.33▲
2024 · 7.01
Debt / equity
0.28▲
2024 · 0.17
ROE
16.6%▼
2024 · 18.0%
ROA
13.0%▼
2024 · 15.5%
Interest coverage
62.91▼
2024 · 310.08
Debt
€47k▲
2024 · €24k
Debt ≤ 1 year
€24k▼
2024 · €24k
Debt > 1 year
€23k
Income taxes
€10k▼
2024 · €10k
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€171k€211k▲
Fixed assets21/28€1k€38k▲
Tangible fixed assets22/27€1k€38k▲
Plant, machinery and equipment23€1k€117▼
Furniture and vehicles24-€38k
Current assets29/58€170k€174k▲
Amounts receivable within one year40/41€23k€23k▲
Trade receivables40€13k€14k▲
Other amounts receivable41€10k€10k=
Cash at bank and in hand54/58€147k€150k▲
Deferred charges and accrued income490/1€464€507▲
Equity and liabilities
Total equity and liabilities10/49€171k€211k▲
Equity10/15€147k€164k▲
Contributions10/11€12k€12k=
Reserves13€97k€113k▲
Distributable reserves133€97k€113k▲
Profit (loss) carried forward14€38k€39k▲
Amounts payable17/49€24k€47k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€24k€24k▼
Trade debts44€210€22▼
Suppliers440/4€210€22▼
Taxes, remuneration and social security45€19k€13k▼
Taxes450/3€19k€13k▼
Other amounts payable47/48€5k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€8k▲
Other operating charges640/8€959€340▼
Gross operating margin9900€39k€47k▲
Operating profit (loss)9901€37k€38k▲
Financial charges65/66B€123€740▲
Recurring financial charges65€123€740▲
Profit (loss) for the period before taxes9903€37k€38k▲
Income taxes67/77€10k€10k▼
Profit (loss) for the period9904€27k€27k▲
Profit (loss) for the period to be appropriated9905€27k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€63k€65k▲
Profit (loss) brought forward from the previous period14P€36k€38k▲
Transfer from equity791/2€10k€10k=
Transfer to equity691/2€25k€26k▲
To the legal reserve6920-€26k
To other reserves6921€25k-
Profit to be distributed694/7€10k€10k=
Return on contributions (dividend)694€10k€10k=
The notes to these accounts (10 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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Equity above €150kEq €164k ▲11.8%
7 profitable years in a row build equity to €164k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €31k ▲54.9%
Operating result €44k, net result €31k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 7.06
Current ratio from 2.34 to 7.06; short-term debt falls from €75k to €21k.
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €3k ▼65.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Boortmeerbeek · 1 establishment unit since 2005
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.
Ravesteinstraat 583191 BoortmeerbeekGround area
1,471 m²
Building footprint
253 m²
Volume, LiDAR
963 m³
Parcel 24039A0029/00N002, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
APPROVED
since 20052.146.948.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24039A0029/00N002 | Flanders | 1,471 m² | 1 · 253 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,857 companies in sector 73110 we hold annual accounts for 3,754. 2,903 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-03-2005
Fiscal year end30-06
Activities, NACEBEL
73110Advertising agencies
74401
23450Manufacture of other non-metallic mineral products
55100Hotels and similar accommodation
74201Photography, excluding press photography
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.