Communication & Publishing
ActiveCommunication & Publishing has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-63k) and a net result of €-136k. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 1968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
7
/ 100
Critical▼ -23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency44▲+14
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 1.32 in 2024), and equity is negative.
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 90
Relative position
BE, all sectors
reference
Sector 90
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
-12.3%
Return on assets
-26.6%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€63k
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 15-07-2026, 16 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
16 d early
2024
38 d early
2023
on the day
2022
3 d late
2021
23 d late
2020
30 d late
2019
47 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-63k
2024 · €73k
2018: €17k
2019: €36k
2020: €66k
2021: €81k
2022: €101k
2023: €87k
2024: €73k
2018 → 2025
Total assets
€512k▲ 25.7%
2024 · €407k
2018: €44k
2019: €73k
2020: €121k
2021: €149k
2022: €256k
2023: €364k
2024: €407k
2018 → 2025
Net result
€-136k▼ 923%
2024 · €-13k
2018: €12k
2019: €13k
2020: €30k
2021: €15k
2022: €21k
2023: €-15k
2024: €-13k
2018 → 2025
Working capital
€-8k
2024 · €98k
2018: €17k
2019: €36k
2020: €66k
2021: €77k
2022: €110k
2023: €100k
2024: €98k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€101k▲ 26.0%€87k▼ 14.6%€73k▼ 15.4%€-63k
Operating result€21k-€31k▲ 49.6%€-11k€-4k▲ 66.2%€-127k▼ 3,366%
Net result€15k-€21k▲ 41.4%€-15k€-13k▲ 10.3%€-136k▼ 923%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €127k in 2025 against €4k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512k
Fixed assets
€6k▲ 16.7%
Current assets
€506k▲ 25.8%
Key figures and ratios
EBITDA
€-125k▼
2024 · €-2k
Cash flow
€-134k▼
2024 · €-11k
Solvency
-12.3%▼
2024 · 18.0%
Current ratio
0.98▼
2024 · 1.32
Quick ratio
0.52▼
2024 · 0.81
Debt / equity
-9.16▼
2024 · 4.55
ROE
217.0%▲
2024 · -18.1%
ROA
-26.6%▼
2024 · -3.3%
Interest coverage
-14.10▼
2024 · -0.18
Debt
€574k▲
2024 · €334k
Debt ≤ 1 year
€514k▲
2024 · €304k
Debt > 1 year
€43k
Income taxes
€194▼
2024 · €197
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€407k€512k▲
Fixed assets21/28€5k€6k▲
Intangible fixed assets21€2k€2k▲
Tangible fixed assets22/27€3k€2k▼
Furniture and vehicles24€656€156▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28-€900
Current assets29/58€402k€506k▲
Stocks and contracts in progress3€155k€240k▲
Stocks30/36€155k€240k▲
Amounts receivable within one year40/41€155k€149k▼
Trade receivables40€144k€144k=
Other amounts receivable41€11k€5k▼
Cash at bank and in hand54/58€30€3▼
Deferred charges and accrued income490/1€92k€118k▲
Equity and liabilities
Total equity and liabilities10/49€407k€512k▲
Equity10/15€73k€-63k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€53k€-83k▼
Amounts payable17/49€334k€574k▲
Amounts payable after more than one year17-€43k
Financial debts170/4-€43k
Amounts payable within one year42/48€304k€514k▲
Current portion of amounts payable after more than one year42-€12k
Financial debts43€134k€132k▼
Credit institutions430/8€133k€129k▼
Other loans439€573€3k▲
Trade debts44€113k€182k▲
Suppliers440/4€113k€182k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€1k€987▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€54k€185k▲
Accrued charges and deferred income492/3€29k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€28k€-3k▼
Other operating charges640/8€920€790▼
Gross operating margin9900€27k€-127k▼
Operating profit (loss)9901€-4k€-127k▼
Financial income75/76B€2€24▲
Recurring financial income75€2€24▲
Financial charges65/66B€9k€9k▼
Recurring financial charges65€9k€9k▼
Profit (loss) for the period before taxes9903€-13k€-136k▼
Income taxes67/77€197€194▼
Profit (loss) for the period9904€-13k€-136k▼
Profit (loss) for the period to be appropriated9905€-13k€-136k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-83k▼
Profit (loss) brought forward from the previous period14P€66k€53k▼
The notes to these accounts (13 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-07
State Gazette act
General meeting · Purpose change
Statutes amendment · Power of attorney
2025
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Equity above €100kEq €101k ▲26%
5 profitable years in a row build equity to €101k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €30k ▲127%
Operating result €42k, net result €30k, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lasne · 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.
Rue du Couvent 81380 LasneGround area
153 m²
Building footprint
77 m²
Volume, LiDAR
501 m³
Parcel 25051H0129/00A000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COMMUNICATION & PUBLISHING
since 20172.260.950.630
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051H0129/00A000 | Wallonia | 152 m² | 1 · 77 m² | 7.9 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 1,984 companies in sector 90120 we hold annual accounts for 208. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2017
Fiscal year end31-12
Activities, NACEBEL
90032Arts creation and performing arts activities
90120Visual arts creation
58110Book publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.