ARCTIS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 16 filings
Turnover
≈ €390,000
Estimated: probably between €290,000 and €770,000
Total assets
€1.4m▲ 6.3%
2024 · €1.3m
Net result
€134,762▲ 19.6%
2024 · €112,680
Working capital
-€177,865▲ 33.9%
2024 · -€268,923
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€184,809
▲ 0.6%
2025
20182025
Net result
€134,762
▲ 19.6%
2025
highest quarter of the sector
20182025
Equity
€971,622
▲ 13.4%
2025
highest quarter of the sector
20182025
Total assets
€1.4m
▲ 6.3%
2025
highest quarter of the sector
20182025
Debt
€455,563
▼ 6.1%
2025
20182025
Working capital
-€177,865
▲ 33.9%
2025
lowest quarter of the sector
20182025
Solvency
68.1%
▲ 4.2pp
2025
middle half of the sector
20182025
Current ratio
0.61
▲ 0.16
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
9.4%
▲ 1.0pp
2025
middle half of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.04m▲ 44.3%€0.04m▲ 2.8%€0.03m▼ 24.3%€0.03m▲ 0.8%€0.1m▲ 313%€0.2m▲ 38.5%€0.2m▲ 0.6%
Net result€0.01m-€0.006m▼ 57.4%€0.02mwithin the sector's middle half▲ 190%€0.006mwithin the sector's middle half▼ 64.4%€0.009mwithin the sector's middle half▲ 49.0%€0.08mabove the sector's middle half▲ 744%€0.1mabove the sector's middle half▲ 46.5%€0.1mabove the sector's middle half▲ 19.6%
Equity€0.6m-€0.6m▲ 1.9%€0.7mabove the sector's middle half▲ 2.7%€0.7mabove the sector's middle half▲ 0.9%€0.7mabove the sector's middle half▲ 1.4%€0.7mabove the sector's middle half▲ 11.5%€0.9mabove the sector's middle half▲ 15.1%€1.0mabove the sector's middle half▲ 13.4%
Total assets€1.3m-€1.3m▲ 0.4%€1.3mabove the sector's middle half▼ 2.2%€1.2mabove the sector's middle half▼ 1.7%€1.2mabove the sector's middle half▼ 4.0%€1.2mabove the sector's middle half▲ 3.4%€1.3mabove the sector's middle half▲ 9.1%€1.4mabove the sector's middle half▲ 6.3%
Debt€0.7m-€0.7m▼ 0.9%€0.6m▼ 7.0%€0.6m▼ 4.5%€0.5m▼ 10.1%€0.5m▼ 7.0%€0.5m▼ 0.2%€0.5m▼ 6.1%
Working capital-€0.3m--€0.3m▲ 2.7%-€0.3mbelow the sector's middle half▼ 9.8%-€0.3mbelow the sector's middle half▲ 3.7%-€0.3mbelow the sector's middle half▼ 7.3%-€0.3mbelow the sector's middle half▲ 8.5%-€0.3mbelow the sector's middle half▲ 11.0%-€0.2mbelow the sector's middle half▲ 33.9%
Solvency48.5%-49.2%▲ 0.7pp51.7%within the sector's middle half▲ 2.5pp53.1%within the sector's middle half▲ 1.4pp56.1%within the sector's middle half▲ 3.0pp60.5%within the sector's middle half▲ 4.4pp63.8%within the sector's middle half▲ 3.4pp68.1%within the sector's middle half▲ 4.2pp
Current ratio0.41-0.44▲ 0.020.37below the sector's middle half▼ 0.070.37below the sector's middle half=0.30below the sector's middle half▼ 0.070.38below the sector's middle half▲ 0.080.45below the sector's middle half▲ 0.070.61below the sector's middle half▲ 0.16
Return on assets (ROA)1.1%-0.5%▼ 0.6pp1.4%within the sector's middle half▲ 0.9pp0.5%within the sector's middle half▼ 0.9pp0.8%within the sector's middle half▲ 0.3pp6.2%within the sector's middle half▲ 5.5pp8.4%within the sector's middle half▲ 2.1pp9.4%within the sector's middle half▲ 1.0pp
Staff (FTE)0.9-1▲ 11.1%1within the sector's middle half=1=1=0.4▼ 60.0%
above
within
below
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 1% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.1m ▲ 2.1%
Current assets
€277,698 ▲ 28.4%
Equity and liabilities €1.4m
Equity
€971,622 ▲ 13.4%
Debt
€455,563 ▼ 6.1%
Debt's share of the balance-sheet total falls from 36.2% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€208,046▲
2024 · €202,555
Cash flow
€158,000▲
2024 · €131,455
Debt to equity
0.47▼
2024 · 0.57
ROE
13.9%▲
2024 · 13.2%
Interest coverage
over 100▲
2024 · 11.15
Debt ≤ 1 year
€455,563▼
2024 · €485,137
Income taxes
€54,683▲
2024 · €53,040
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | - |
| full-time | 1 | 1 | - |
| part-time | 0 | 0 | - |
| in full-time equivalents | 1 | 1 | - |
| Average over the year, in full-time equivalents | 1 | 1 | 0.4 |
| On a permanent contract | 1 | 1 | - |
| Joined | - | - | 0 |
| Left | - | - | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,771 | €12,892 | €98,341 | €50,984 |
| Financial fixed assets | - | - | €0 | €0 | €0 |
| Depreciation and write-downs of the year | €16,527 | €17,348 | €11,747 | €18,775 | €23,238 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | €2,273 | €0 | - | €10,958 | - |
| Remuneration, social security and pensions62 | - | - | - | €53,358 | €56,441 | €26,832 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,198 | €11,826 | €12,485 | €16,527 | €17,348 | €11,747 | €18,775 | €23,238 | ▲ 23.8% |
| Other operating charges640/8 | - | - | - | €3,868 | €2,553 | €2,935 | €1,514 | €1,489 | ▼ 1.6% |
| Non-recurring operating charges66A | - | - | - | - | - | €706 | €0 | - | - |
| Gross operating margin9900 | €85,669 | €105,646 | €107,624 | €105,591 | €108,428 | €174,873 | €204,068 | €209,535 | ▲ 2.7% |
| Operating profit (loss)9901 | €28,370 | €40,927 | €42,076 | €31,838 | €32,087 | €132,653 | €183,780 | €184,809 | ▲ 0.6% |
| Financial income75/76B | - | - | - | €4 | €6 | €187 | €106 | €5,243 | ▲ 49× |
| Recurring financial income75 | €2 | €59 | €497 | €4 | €6 | €187 | €106 | €5,243 | ▲ 49× |
| Financial charges65/66B | - | - | - | €18,265 | €17,483 | €16,551 | €18,166 | €606 | ▼ 96.7% |
| Recurring financial charges65 | €7,962 | €20,186 | €19,304 | €18,265 | €17,483 | €16,551 | €18,166 | €606 | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | €20,410 | €20,800 | €23,269 | €13,578 | €14,609 | €116,289 | €165,720 | €189,446 | ▲ 14.3% |
| Income taxes67/77 | €6,500 | €14,875 | €6,082 | €7,461 | €5,497 | €39,394 | €53,040 | €54,683 | ▲ 3.1% |
| Profit (loss) for the period9904 | €13,910 | €5,925 | €17,187 | €6,117 | €9,112 | €76,895 | €112,680 | €134,762 | ▲ 19.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €18,750 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €13,910 | €5,925 | €17,187 | €24,867 | €9,112 | €76,895 | €112,680 | €134,762 | ▲ 19.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | €1.3m | €1.4m | ▲ 6.3% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €1.1m | €1.1m | ▲ 2.1% |
| Tangible fixed assets22/27 | €0.3m | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 7.7% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €0.007m | €0.006m | ▼ 24.4% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.05m | ▲ 225% |
| Other tangible fixed assets26 | - | - | - | €432 | €0 | - | €0.08m | €0.08m | ▼ 5.6% |
| Financial fixed assets28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 28.4% |
| Amounts receivable within one year40/41 | €0.09m | €0.06m | €0.1m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 22.1% |
| Trade receivables40 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 22.1% |
| Other amounts receivable41 | - | - | - | €0 | - | - | - | - | - |
| Current investments50/53 | €0.005m | €0.005m | €0.005m | €0.02m | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 27.6% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.08m | €0.1m | €0.09m | €0.1m | €0.2m | €0.2m | ▲ 48.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | €1.3m | €1.4m | ▲ 6.3% |
| Equity10/15 | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €0.7m | €0.9m | €1.0m | ▲ 13.4% |
| Contributions10/11 | €0.4m | €0.4m | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 26.4% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.04m | €0.04m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 28.0% |
| Profit (loss) carried forward14 | €0.01m | €0.009m | €0.001m | €0.001m | €298 | €0.001m | €0.001m | €0.005m | ▲ 525% |
| Amounts payable17/49 | €0.7m | €0.7m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 6.1% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.09m | €0.05m | €0 | - | - | - |
| Financial debts170/4 | - | - | - | €0.09m | €0.05m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.02m | €0 | - | - | - |
| Trade debts44 | €0.04m | €0.03m | €0.02m | €0.02m | €0.02m | €0.01m | €0.002m | €385 | ▼ 82.9% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.01m | €0.002m | €385 | ▼ 82.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €0.06m | €0.04m | €0.03m | ▼ 18.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.006m | €0.06m | €0.04m | €0.03m | ▼ 18.0% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.008m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 4.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,910 | €5,925 | €17,187 | €6,117 | €9,112 | €76,895 | €112,680 | €134,762 | ▲ 19.6% |
| + Depreciation and write-downs630 | €13,198 | €11,826 | €12,485 | €16,527 | €17,348 | €11,747 | €18,775 | €23,238 | ▲ 23.8% |
| Operating cash flow (approximation) | €27,108 | €17,750 | €29,672 | €22,644 | €26,460 | €88,642 | €131,455 | €158,000 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | -€3,264 | -€24,174 | €0 | -€6,771 | -€8,936 | -€98,341 | -€46,942 | ▲ 52.3% |
| Change in cash | - | €38,493 | -€78,702 | €57,131 | -€43,573 | €41,297 | €26,794 | €76,156 | ▲ 184% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00209081 | |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00344619 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00149795 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00136254 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20069798 | |
| 31-12-2020 | micro format | 12-07-2021 | 2021-34400168 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47400318 | |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-56700059 | |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-52200518 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-59300037 |