Blackbirds
ActiveBlackbirds has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €49k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 22% of 9386 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
76
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▼-15
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.89 in 2024), and 79.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
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
20.8%
Return on assets
5.9%
Age of the figures
8 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 22% of 9386 sector peers (2025).
NBB · sector comparisonPosition among 9386 sector peers
Solvency
better than 22%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
23 d early
2023
30 d late
2022
32 d early
2021
9 d late
2020
3 d early
2019
109 d late
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€172k▲ 11.3%
2024 · €154k
2018: €95k
2019: €124k
2020: €126k
2021: €151k
2022: €196k
2023: €160k
2024: €154k
2018 → 2025
Total assets
€824k▲ 20.1%
2024 · €686k
2018: €176k
2019: €223k
2020: €209k
2021: €256k
2022: €322k
2023: €762k
2024: €686k
2018 → 2025
Net result
€49k▲ 19.4%
2024 · €41k
2018: €53k
2019: €29k
2020: €2k
2021: €38k
2022: €46k
2023: €-36k
2024: €41k
2018 → 2025
Working capital
€72k▲ 11.7%
2024 · €65k
2018: €94k
2019: €126k
2020: €139k
2021: €129k
2022: €144k
2023: €73k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€196k▲ 30.3%€160k▼ 18.3%€154k▼ 3.9%€172k▲ 11.3%
Operating result€55k-€67k▲ 22.5%€-26k€71k€88k▲ 24.7%
Net result€38k-€46k▲ 21.2%€-36k€41k€49k▲ 19.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €824k
Fixed assets
€577k▲ 5.0%
Current assets
€247k▲ 80.6%
Equity and liabilities €824k
Equity
€172k▲ 11.3%
Debt
€653k▲ 22.6%
The debt ratio rises from 77.6% to 79.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€118k▲
2024 · €106k
Cash flow
€79k▲
2024 · €76k
Solvency
20.8%▼
2024 · 22.4%
Current ratio
1.41▼
2024 · 1.89
Quick ratio
1.32▼
2024 · 1.45
Debt / equity
3.80▲
2024 · 3.45
ROE
28.3%▲
2024 · 26.4%
ROA
5.9%▼
2024 · 5.9%
Interest coverage
5.14▲
2024 · 4.79
Debt
€653k▲
2024 · €532k
Debt ≤ 1 year
€175k▲
2024 · €72k
Debt > 1 year
€475k▲
2024 · €451k
Income taxes
€18k▲
2024 · €9k
Staff costs
€100k▼
2024 · €147k
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€686k€824k▲
Fixed assets21/28€549k€577k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27€549k€572k▲
Land and buildings22€447k€436k▼
Plant, machinery and equipment23€55k€67k▲
Furniture and vehicles24€44k€66k▲
Other tangible fixed assets26€4k€4k=
Current assets29/58€137k€247k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€32k€16k▼
Stocks30/36€32k€16k▼
Amounts receivable within one year40/41€83k€130k▲
Trade receivables40€37k€129k▲
Other amounts receivable41€46k€235▼
Cash at bank and in hand54/58€14k€95k▲
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€686k€824k▲
Equity10/15€154k€172k▲
Contributions10/11€6k€6k=
Reserves13€148k€165k▲
Distributable reserves133€148k€165k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€532k€653k▲
Amounts payable after more than one year17€451k€475k▲
Financial debts170/4€451k€475k▲
Amounts payable within one year42/48€72k€175k▲
Current portion of amounts payable after more than one year42€32k€40k▲
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€14k€73k▲
Suppliers440/4€14k€73k▲
Taxes, remuneration and social security45€27k€46k▲
Taxes450/3€12k€33k▲
Remuneration and social security454/9€16k€13k▼
Other amounts payable47/48€0€13k▲
Accrued charges and deferred income492/3€9k€3k▼
Income statement
Code20242025
Non-recurring operating income76A-€800
Remuneration, social security and pensions62€147k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€30k▼
Other operating charges640/8€8k€4k▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€260k€231k▼
Operating profit (loss)9901€71k€88k▲
Financial income75/76B€1k€884▼
Recurring financial income75€1k€884▼
Financial charges65/66B€22k€23k▲
Recurring financial charges65€22k€23k▲
Profit (loss) for the period before taxes9903€50k€66k▲
Income taxes67/77€9k€18k▲
Profit (loss) for the period9904€41k€49k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€41k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€49k▲
Profit (loss) brought forward from the previous period14P€-7k€0▲
Transfer from equity791/2€47k€29k▼
Transfer to equity691/2€34k€46k▲
To other reserves6921€34k€46k▲
Profit to be distributed694/7€47k€31k▼
Return on contributions (dividend)694€47k€29k▼
Directors or managers695-€3k
The notes to these accounts (15 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-36k ▼177%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Equity above €150kEq €151k ▲19.1%
4 profitable years in a row build equity to €151k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
31-12
Financial
Equity above €100kEq €124k ▲30%
2 profitable years in a row build equity to €124k.
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 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, Gent · 1 establishment unit since 2011
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.
Ooievaarsnest 429050 GentGround area
602 m²
Building footprint
281 m²
Volume, LiDAR
717 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blackbirds
since 20112.201.646.513
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0455/00A002 | Flanders | 433 m² | 1 · 117 m² | 11.1 m · 2 fl. |
| 44402A0426/00V005 | Flanders | 169 m² | 1 · 164 m² | - |
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
DECLIC
BE 0429.537.180
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L2 PROJECTS
BE 0895.615.351
Rixensart · Eq €173k
IMPACT CONCEPT
BE 0451.637.938
Tournai · Eq €174k
CODE Architecte
BE 0716.946.301
Namur · Eq €175k
Celora-Architecten
BE 0770.574.631
Herentals · Eq €167k
Of 3,911 companies in sector 71112 we hold annual accounts for 1,290. 992 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2011
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
90032Arts creation and performing arts activities
90120Visual arts creation
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.