Core-S-Ad
ActiveSummary
Core-S-Ad has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €592k and a net result of €166k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 85% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+5
Solvency100=
Growth67=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 6.06 against 12.03 in 2024; short-term debt: 16.3% and cash: 24.7% of total assets), and 16.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
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
83.7%
Return on assets
23.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
3 d early
2023
54 d early
2022
42 d early
2021
36 d late
2020
54 d early
2019
52 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€899k▲ 2.9%
2024 · €874k
2021: €785k
2022: €1.02M
2023: €1.04M
2024: €874k
2021 → 2025
EBIT margin
25.0%▼ 0.1pp
2024 · 25.2%
2021: 21.6%
2022: 22.2%
2023: 13.0%
2024: 25.2%
2021 → 2025
Net result
€166k▲ 3.6%
2024 · €160k
2018: €112k
2019: €107k
2020: €152k
2021: €119k
2022: €160k
2023: €106k
2024: €160k
2018 → 2025
Working capital
€585k▼ 27.3%
2024 · €804k
2018: €171k
2019: €278k
2020: €429k
2021: €531k
2022: €671k
2023: €742k
2024: €804k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€785k-€1.02M▲ 30.2%€1.04M▲ 1.7%€874k▼ 15.9%€899k▲ 2.9%
Equity€537k-€682k▲ 27.0%€767k▲ 12.6%€821k▲ 7.0%€592k▼ 27.9%
Operating result€170k-€227k▲ 33.6%€135k▼ 40.3%€220k▲ 62.3%€225k▲ 2.3%
Net result€119k-€160k▲ 33.7%€106k▼ 33.9%€160k▲ 51.7%€166k▲ 3.6%
Turnover and EBIT margin not published: the abbreviated 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 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €707k
Fixed assets
€7k ▼ 59.3%
Current assets
€701k ▼ 20.1%
Equity and liabilities €707k
Equity
€592k ▼ 27.9%
Debt
€116k ▲ 58.5%
Debt's share of the balance-sheet total rises from 8.2% to 16.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€233k▲
2024 · €232k
Cash flow
€174k▲
2024 · €172k
Current ratio
6.06▼
2024 · 12.03
Debt to equity
0.20▲
2024 · 0.09
ROE
28.1%▲
2024 · 19.5%
ROA
23.5%▲
2024 · 17.9%
Interest coverage
419.56▲
2024 · 271.54
Debt ≤ 1 year
€116k▲
2024 · €73k
Income taxes
€75k▼
2024 · €81k
Staff costs
€205k▲
2024 · €159k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€894k€707k▼
Fixed assets21/28€17k€7k▼
Tangible fixed assets22/27€17k€7k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€13k€4k▼
Current assets29/58€877k€701k▼
Amounts receivable within one year40/41€493k€411k▼
Trade receivables40€156k€149k▼
Other amounts receivable41€338k€262k▼
Current investments50/53€250k€100k▼
Cash at bank and in hand54/58€125k€175k▲
Deferred charges and accrued income490/1€9k€14k▲
Equity and liabilities
Total equity and liabilities10/49€894k€707k▼
Equity10/15€821k€592k▼
Reserves13€821k€592k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Own shares acquired1312€0-
Distributable reserves133€821k€592k▼
Amounts payable17/49€73k€116k▲
Amounts payable within one year42/48€73k€116k▲
Trade debts44€24k€38k▲
Suppliers440/4€24k€38k▲
Taxes, remuneration and social security45€49k€77k▲
Taxes450/3€32k€60k▲
Remuneration and social security454/9€17k€17k▲
Income statement
Code20242025
Turnover70€874k€899k▲
Goods, raw materials, services and sundry goods60/61€511k€501k▼
Remuneration, social security and pensions62€159k€205k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€8k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€393k€441k▲
Operating profit (loss)9901€220k€225k▲
Financial income75/76B€23k€16k▼
Recurring financial income75€23k€16k▼
Financial charges65/66B€853€554▼
Recurring financial charges65€853€554▼
Profit (loss) for the period before taxes9903€242k€241k▼
Income taxes67/77€81k€75k▼
Profit (loss) for the period9904€160k€166k▲
Profit (loss) for the period to be appropriated9905€160k€166k▲
Appropriation of the result
Profit (loss) to be appropriated9906€160k€166k▲
Transfer from equity791/2€25k€395k▲
Transfer to equity691/2€160k€166k▲
To other reserves6921€160k€166k▲
Profit to be distributed694/7€25k€395k▲
Return on contributions (dividend)694€25k€395k▲
Social balance
Average headcount (FTE)90872.83.0▲
The notes to these accounts (6 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €166k ▲3.6%
Net result €166k, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €106k ▼33.9%
Net result drops to €106k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
2021
31-12
Financial
Equity above €500kEq €537k ▲24.2%
4 profitable years in a row build equity to €537k.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200kEq €281k ▲61.8%
2 profitable years in a row build equity to €281k.
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Turnhout · 1 establishment unit since 1995
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.
Korte Vianenstraat 22300 TurnhoutGround area
7,228 m²
Building footprint
4,236 m²
Parcel 13453O0566/00A003, Flanders. Linked by address, not a title deed.
1 establishment unit
Korte Vianenstraat 2, 2300 Turnhout
since 19952.071.501.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0566/00A003 | Flanders | 7,228 m² | 1 · 4,235 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 871 EUR awarded · 871 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 458 EUR | 458 EUR |
| 2022 | 1 | 413 EUR | 413 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ANTS CONNECT
BE 0679.723.738
Gent · Eq €591k
DISPLAY CONCEPT
BE 0882.374.752
Ukkel · Eq €594k
DOCULINE
BE 0832.109.649
Overijse · Eq €595k
Reflecta Graphics
BE 0864.238.326
Izegem · Eq €596k
X-TREME
BE 0452.540.731
Zaventem · Eq €597k
Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,031 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
82100Office administrative and support services
59113Video and film production, excluding cinema and television films
59130Motion picture, video and television programme production, sound recording and music publishing activities
73120Media representation
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.