CARTOONBASE
ActiveSummary
CARTOONBASE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €344,682 and a net result of -€106,944. Equity is shrinking by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 1101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability12▼-38
Solvency41▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.15 against 3.7 in 2023; short-term debt: 44.4% and cash: 10.8% of total assets), but 83.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
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 2024Solvency, return and age of the figures
Solvency
16.3%
Return on assets
-5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1101 sector peers (2024).
NBB · sector comparisonPosition among 1101 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
28 d early
2022
31 d early
2021
54 d early
2020
65 d early
2019
46 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€106,944
2023 · €27,818
Working capital
€1.1m▼ 29.6%
2023 · €1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€86,013€225,728-€332,031€51,708-€32,933
Net result-€80,147below the sector's middle half€162,754above the sector's middle half-€315,577below the sector's middle half€27,818within the sector's middle half-€106,944below the sector's middle half
Equity€611,602within the sector's middle half▼ 11.6%€739,386within the sector's middle half▲ 20.9%€423,808within the sector's middle half▼ 42.7%€451,626within the sector's middle half▲ 6.6%€344,682within the sector's middle half▼ 23.7%
Total assets€877,690within the sector's middle half▼ 6.1%€1.2mwithin the sector's middle half▲ 33.2%€1.8mwithin the sector's middle half▲ 54.9%€2.2mwithin the sector's middle half▲ 21.6%€2.1mwithin the sector's middle half▼ 3.8%
Debt€266,088▲ 9.3%€429,717▲ 61.5%€1.4m▲ 223%€1.8m▲ 26.2%€1.8m▲ 1.4%
Working capital€576,916above the sector's middle half▼ 7.8%€679,050above the sector's middle half▲ 17.7%€637,023above the sector's middle half▼ 6.2%€1.5mabove the sector's middle half▲ 141%€1.1mabove the sector's middle half▼ 29.6%
Solvency69.7%within the sector's middle half▼ 4.3pp63.2%within the sector's middle half▼ 6.4pp23.4%within the sector's middle half▼ 39.8pp20.5%within the sector's middle half▼ 2.9pp16.3%below the sector's middle half▼ 4.2pp
Current ratio3.32within the sector's middle half▼ 0.262.64within the sector's middle half▼ 0.681.60within the sector's middle half▼ 1.053.70above the sector's middle half▲ 2.102.15within the sector's middle half▼ 1.55
Return on assets (ROA)-9.1%below the sector's middle half▼ 39.8pp13.9%above the sector's middle half▲ 23.1pp-17.4%below the sector's middle half▼ 31.3pp1.3%within the sector's middle half▲ 18.7pp-5.0%below the sector's middle half▼ 6.3pp
Staff (FTE)12.9within the sector's middle half▲ 18.3%17.7within the sector's middle half▲ 37.2%24.6above the sector's middle half▲ 39.0%23.5above the sector's middle half▼ 4.5%24.4above the sector's middle half▲ 3.8%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32,933 after €51,708 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€97,448 ▼ 0.4%
Current assets
€2.0m ▼ 3.9%
Equity and liabilities €2.1m
Equity
€344,682 ▼ 23.7%
Debt
€1.8m ▲ 1.4%
Debt's share of the balance-sheet total rises from 79.5% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,507▼
2023 · €87,449
Cash flow
-€75,517▼
2023 · €63,559
Debt to equity
5.15▲
2023 · 3.88
ROE
-31.0%▼
2023 · 6.2%
Interest coverage
-0.02▼
2023 · 3.51
Debt ≤ 1 year
€939,788▲
2023 · €568,482
Debt > 1 year
€806,000▼
2023 · €1.2m
Income taxes
€483▲
2023 · €4
Staff costs
€1.4m▼
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €363 | - |
| Remuneration, social security and pensions62 | - | €955,500 | €1.3m | €1.4m | €1.4m | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,997 | €21,216 | €25,392 | €35,741 | €31,426 | ▼ 12.1% |
| Other operating charges640/8 | - | €868 | €1,038 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | €587,859 | €1.2m | €1.0m | €1.5m | €1.4m | ▼ 6.9% |
| Operating profit (loss)9901 | -€86,013 | €225,728 | -€332,031 | €51,708 | -€32,933 | ▼ 164% |
| Financial income75/76B | - | €1,085 | €5,131 | €1,045 | €629 | ▼ 39.8% |
| Recurring financial income75 | €5,293 | €1,085 | €5,131 | €1,045 | €629 | ▼ 39.8% |
| Financial charges65/66B | - | €2,705 | €4,082 | €24,930 | €74,156 | ▲ 197% |
| Recurring financial charges65 | €1,656 | €2,705 | €4,082 | €24,930 | €73,606 | ▲ 195% |
| Non-recurring financial charges66B | - | - | - | - | €550 | - |
| Profit (loss) for the period before taxes9903 | -€82,376 | €224,107 | -€330,982 | €27,822 | -€106,461 | ▼ 483% |
| Income taxes67/77 | -€2,229 | €61,354 | -€15,404 | €4 | €483 | ▲ 10,706% |
| Profit (loss) for the period9904 | -€80,147 | €162,754 | -€315,577 | €27,818 | -€106,944 | ▼ 484% |
| Profit (loss) for the period to be appropriated9905 | -€80,147 | €162,754 | -€315,577 | €27,818 | -€106,944 | ▼ 484% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €877,690 | €1.2m | €1.8m | €2.2m | €2.1m | ▼ 3.8% |
| Fixed assets21/28 | €52,172 | €76,749 | €105,749 | €97,858 | €97,448 | ▼ 0.4% |
| Tangible fixed assets22/27 | €31,495 | €52,751 | €63,352 | €52,911 | €44,916 | ▼ 15.1% |
| Furniture and vehicles24 | - | €40,495 | €56,983 | €46,861 | €40,369 | ▼ 13.9% |
| Other tangible fixed assets26 | - | €12,256 | €6,369 | €6,051 | €4,547 | ▼ 24.8% |
| Financial fixed assets28 | €20,677 | €23,997 | €42,397 | €44,947 | €52,532 | ▲ 16.9% |
| Current assets29/58 | €825,518 | €1.1m | €1.7m | €2.1m | €2.0m | ▼ 3.9% |
| Amounts receivable within one year40/41 | €577,500 | €606,573 | €1.4m | €1.3m | €1.4m | ▲ 8.1% |
| Trade receivables40 | - | €576,980 | €1.3m | €1.2m | €1.4m | ▲ 11.4% |
| Other amounts receivable41 | - | €29,593 | €88,050 | €40,240 | €2,123 | ▼ 94.7% |
| Cash at bank and in hand54/58 | €245,018 | €432,878 | €151,239 | €496,065 | €229,227 | ▼ 53.8% |
| Deferred charges and accrued income490/1 | - | €52,903 | €146,602 | €338,537 | €420,224 | ▲ 24.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €877,690 | €1.2m | €1.8m | €2.2m | €2.1m | ▼ 3.8% |
| Equity10/15 | €611,602 | €739,386 | €423,808 | €451,626 | €344,682 | ▼ 23.7% |
| Contributions10/11 | €255,330 | €255,330 | €255,330 | €255,330 | €255,330 | = |
| Capital10 | - | €255,330 | €255,330 | €255,330 | €255,330 | = |
| Issued capital100 | - | €255,330 | €255,330 | €255,330 | €255,330 | = |
| Reserves13 | €25,533 | €25,533 | €25,533 | €25,533 | €25,533 | = |
| Non-distributable reserves130/1 | - | €25,533 | €25,533 | €25,533 | €25,533 | = |
| Legal reserve130 | - | €25,533 | €25,533 | €25,533 | €25,533 | = |
| Profit (loss) carried forward14 | €330,739 | €458,522 | €142,945 | €170,763 | €63,819 | ▼ 62.6% |
| Amounts payable17/49 | €266,088 | €429,717 | €1.4m | €1.8m | €1.8m | ▲ 1.4% |
| Amounts payable after more than one year17 | - | - | €300,000 | €1.2m | €806,000 | ▼ 30.3% |
| Financial debts170/4 | - | - | €300,000 | €1.2m | €806,000 | ▼ 30.3% |
| Amounts payable within one year42/48 | €248,602 | €413,304 | €1.1m | €568,482 | €939,788 | ▲ 65.3% |
| Financial debts43 | - | €1,206 | €10,533 | - | €350,000 | - |
| Credit institutions430/8 | - | €1,206 | €10,533 | - | €350,000 | - |
| Trade debts44 | €175,320 | €232,644 | €651,232 | €238,729 | €324,518 | ▲ 35.9% |
| Suppliers440/4 | - | €232,644 | €651,232 | €238,729 | €324,518 | ▲ 35.9% |
| Advances received on contracts in progress46 | - | - | €155,000 | - | - | - |
| Taxes, remuneration and social security45 | - | €144,247 | €251,334 | €222,254 | €164,610 | ▼ 25.9% |
| Taxes450/3 | - | €37,826 | €74,309 | €76,049 | €4,476 | ▼ 94.1% |
| Remuneration and social security454/9 | - | €106,421 | €177,025 | €146,204 | €160,133 | ▲ 9.5% |
| Other amounts payable47/48 | - | €35,207 | €103 | €107,500 | €100,660 | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | €16,413 | €18,963 | €25,751 | €28,432 | ▲ 10.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€80,147 | €162,754 | -€315,577 | €27,818 | -€106,944 | ▼ 484% |
| + Depreciation and write-downs630 | €18,997 | €21,216 | €25,392 | €35,741 | €31,426 | ▼ 12.1% |
| Operating cash flow (approximation) | -€61,150 | €183,969 | -€290,185 | €63,559 | -€75,517 | ▼ 219% |
| Investment in fixed assets (approximation) | - | -€45,793 | -€54,392 | -€27,851 | -€31,016 | ▼ 11.4% |
| Change in cash | - | €187,860 | -€281,639 | €344,826 | -€266,838 | ▼ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €27,818
Net result €27,818 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.70
Current ratio from 1.60 to 3.70; short-term debt falls from €1.1m to €568,482.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€315,577
Net result drops to -€315,577, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €162,754
Net result €162,754 after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €286,522 ▲149%
Operating result €418,290, net result €286,522, both a record.
31-12
Financial
Equity above €500,000Eq €691,749 ▲65.4%
2 profitable years in a row build equity to €691,749.
Show earlier events
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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 2001
Ground area
398 m²
Building footprint
371 m²
Volume, LiDAR
7,015 m³
Parcel 21447B0238/00A003, Brussels · tallest building 23.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
CARTOONBASE
since 20012.082.774.793
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0238/00A003 | Brussels | 398 m² | 1 · 371 m² | 23.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
3.04%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
European Union, budget
2022 to 2024 · 5 entries · 30,000 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2024 | 4 | 15,000 EUR |
| 2022 | 1 | 15,000 EUR |
Projects
ANIMATION SERVICES TO SUPPORT STRATEGIC COMMUNICATION AND PUBLIC DIPLOMACY
DEVELOPMENT OF A SERIES OF CARTOONS
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 2,453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
73110Advertising agencies
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461125924
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.