Bear Effects
ActiveBear Effects has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-24k) and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 1.27 in 2024; short-term debt: 118.9% and cash: 4.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-82.3%
Return on assets
-40.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-24k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
30 d late
2022
44 d early
2021
44 d early
2020
73 d early
2019
87 d early
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-24k▼ 98.1%
2024 · €-12k
2018: €-32k
2019: €-44k
2020: €14k
2021: €13k
2022: €12k
2023: €29k
2024: €-12k
2018 → 2025
Total assets
€29k▼ 4.2%
2024 · €30k
2018: €140k
2019: €167k
2020: €14k
2021: €13k
2022: €13k
2023: €50k
2024: €30k
2018 → 2025
Net result
€-12k▲ 71.3%
2024 · €-41k
2018: €-52k
2019: €-12k
2020: €58k
2021: €-906
2022: €-1k
2023: €17k
2024: €-41k
2018 → 2025
Working capital
€-9k
2024 · €5k
2018: €-14k
2019: €39k
2020: €14k
2021: €13k
2022: €12k
2023: €23k
2024: €5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€12k▼ 10.2%€29k▲ 144%€-12k€-24k▼ 98.1%
Operating result€-830-€-1k▼ 59.9%€24k€-41k€-12k▲ 70.1%
Net result€-906-€-1k▼ 49.7%€17k€-41k€-12k▲ 71.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €41k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€4k▼ 55.1%
Current assets
€25k▲ 14.4%
Key figures and ratios
EBITDA
€-8k▲
2024 · €-37k
Cash flow
€-7k▲
2024 · €-37k
Solvency
-82.3%▼
2024 · -39.8%
Current ratio
0.74▼
2024 · 1.27
Quick ratio
0.74▼
2024 · 1.27
Debt / equity
-2.21▲
2024 · -3.51
ROA
-40.8%▲
2024 · -136.0%
Interest coverage
-34.08▲
2024 · -147.68
Debt
€53k▲
2024 · €43k
Debt ≤ 1 year
€35k▲
2024 · €18k
Debt > 1 year
€19k▼
2024 · €24k
Income taxes
€264▼
2024 · €294
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€30k€29k▼
Fixed assets21/28€8k€4k▼
Tangible fixed assets22/27€8k€4k▼
Furniture and vehicles24€8k€4k▼
Current assets29/58€22k€25k▲
Amounts receivable within one year40/41€19k€18k▼
Other amounts receivable41€19k€18k▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€617€6k▲
Equity and liabilities
Total equity and liabilities10/49€30k€29k▼
Equity10/15€-12k€-24k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-32k€-44k▼
Amounts payable17/49€43k€53k▲
Amounts payable after more than one year17€24k€19k▼
Financial debts170/4€24k€19k▼
Amounts payable within one year42/48€18k€35k▲
Current portion of amounts payable after more than one year42€6k€11k▲
Trade debts44€5k€10k▲
Suppliers440/4€5k€10k▲
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€7k€7k▲
Accrued charges and deferred income492/3€720-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€5k-
Gross operating margin9900€-32k€-8k▲
Operating profit (loss)9901€-41k€-12k▲
Financial income75/76B€561€982▲
Recurring financial income75€561€982▲
Financial charges65/66B€251€231▼
Recurring financial charges65€251€231▼
Profit (loss) for the period before taxes9903€-41k€-12k▲
Income taxes67/77€294€264▼
Profit (loss) for the period9904€-41k€-12k▲
Profit (loss) for the period to be appropriated9905€-41k€-12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-44k▼
Profit (loss) brought forward from the previous period14P€9k€-32k▼
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €58k
Net result €58k after 2 loss-making years.
31-12
Financial
Liquidity times 101current ratio 247.21
Current ratio from 2.45 to 247.21; short-term debt falls from €27k to €58.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 2.45
Current ratio from 0.65 to 2.45; short-term debt falls from €40k to €27k.
11-06
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.
Directors · office · real estate
Directors
3 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, Sint-Truiden · 1 establishment unit since 2017
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.
Prins Albertlaan 593800 Sint-TruidenGround area
3,455 m²
Building footprint
3,290 m²
Volume, LiDAR
29,626 m³
2 parcels, Flanders · tallest building 20.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20172.266.944.339
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71053G0307/00W003 | Flanders | 3,204 m² | 1 · 3,143 m² | 20.5 m · 2 fl. |
| 71327G0463/00D003 | Flanders | 251 m² | 1 · 147 m² | 16.7 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
dvb-architecten
BE 0726.818.723
Antwerpen · Eq €29k
BUREAU K
BE 0825.057.551
Lasne · Eq €29k
Havana architectuur
BE 0716.646.886
Gent · Eq €29k
TIMOTHY WALLA ARCHITECTE
BE 1020.979.834
Elsene · Eq €29k
Atelier A2/3
BE 0787.742.146
Gesves · Eq €29k
Of 18,256 companies in sector 71111 we hold annual accounts for 6,321. 4,906 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2017
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
71112Activities of interior architects
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.