AR AGENCY
ActiveAR AGENCY has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €9k. Equity is shrinking by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 1408 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+15
Solvency28▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.9 in 2024; short-term debt: 34.4% and cash: 2.3% of total assets), but 97% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
3%
Return on assets
1.8%
Age of the figures
12 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1408 sector peers (2025).
NBB · sector comparisonPosition among 1408 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €15k
neutral · Filed after the deadline
The financial year that closed on 01-10-2025 was due by 01-05-2026 and was filed on 01-06-2026, 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
32 d late
2023
91 d late
2022
29 d late
2021
199 d late
2020
19 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 01-10-2026 and is due by 01-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today01-10-2026 close01-05-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▲ 204%
2024 · €3k
2018: €48k
2019: €13k
2020: €-4k
2021: €-34k
2022: €3k
2023: €-50k
2024: €3k
2018 → 2025
Working capital
€173k▲ 6.0%
2024 · €164k
2018: €143k
2019: €152k
2020: €202k
2021: €204k
2022: €212k
2023: €157k
2024: €164k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€54k▲ 5.7%€3k▼ 94.2%€6k▲ 98.0%€15k▲ 151%
Operating result€-27k-€3k€-50k€2k€7k▲ 297%
Net result€-34k-€3k€-50k€3k€9k▲ 204%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 297% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507k
Fixed assets
€160k▼ 5.2%
Current assets
€348k▲ 0.7%
Equity and liabilities €507k
Equity
€15k▲ 151%
Debt
€492k▼ 3.0%
The debt ratio falls from 98.8% to 97.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €13k
Cash flow
€21k▲
2024 · €15k
Solvency
3.0%▲
2024 · 1.2%
Current ratio
1.99▲
2024 · 1.90
Quick ratio
1.99▲
2024 · 1.90
Debt / equity
32.21▼
2024 · 83.27
ROE
60.1%▲
2024 · 49.5%
ROA
1.8%▲
2024 · 0.6%
Interest coverage
7.27▲
2024 · 4.39
Debt
€492k▼
2024 · €508k
Debt ≤ 1 year
€174k▼
2024 · €182k
Debt > 1 year
€312k▼
2024 · €322k
Income taxes
€183▼
2024 · €206
Staff costs
€48k▲
2024 · €46k
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€514k€507k▼
Fixed assets21/28€168k€160k▼
Tangible fixed assets22/27€35k€26k▼
Plant, machinery and equipment23€960€3k▲
Furniture and vehicles24€33k€22k▼
Other tangible fixed assets26€1k€808▼
Financial fixed assets28€134k€134k=
Current assets29/58€345k€348k▲
Amounts receivable after more than one year29€116k€113k▼
Other amounts receivable291€116k€113k▼
Amounts receivable within one year40/41€121k€123k▲
Trade receivables40€63k€74k▲
Other amounts receivable41€57k€49k▼
Cash at bank and in hand54/58€15k€12k▼
Deferred charges and accrued income490/1€93k€100k▲
Equity and liabilities
Total equity and liabilities10/49€514k€507k▼
Equity10/15€6k€15k▲
Contributions10/11€19k€19k=
Reserves13€37k€37k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€-49k€-40k▲
Amounts payable17/49€508k€492k▼
Amounts payable after more than one year17€322k€312k▼
Financial debts170/4€21k€11k▼
Other amounts payable178/9€301k€301k=
Amounts payable within one year42/48€182k€174k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€38k€25k▼
Suppliers440/4€38k€25k▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€5k€3k▼
Remuneration and social security454/9€8k€8k▼
Other amounts payable47/48€122k€129k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€46k€48k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€62k€67k▲
Operating profit (loss)9901€2k€7k▲
Financial income75/76B€5k€5k▲
Recurring financial income75€5k€5k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€3k€9k▲
Income taxes67/77€206€183▼
Profit (loss) for the period9904€3k€9k▲
Profit (loss) for the period to be appropriated9905€3k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-49k€-40k▲
Profit (loss) brought forward from the previous period14P€-52k€-49k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (19 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 32 days late
2024
01-10
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 91 days late
2023
01-10
Financial
Weakest financial yearnet €-50k ▼1849%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 199 days late
01-10
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
2021
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 115 days late
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, Elsene · 1 establishment unit since 2013
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.
Amerikaanse straat 61-651050 ElseneGround area
131 m²
Building footprint
108 m²
Volume, LiDAR
593 m³
Parcel 21447B0297/00S002, Brussels · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Amerikaanse straat 61-65, 1050 Elsene
since 20132.220.812.228
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0297/00S002 | Brussels | 131 m² | 1 · 108 m² | 15.2 m · 2 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 16,886 companies in sector 62100 we hold annual accounts for 8,776. 5,292 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2013
Fiscal year end01-10
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73110Advertising agencies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.