Active BE 0550.923.772Private limited company (pre-2019)

DIRECT SEARCH BELGIUM

Louizalaan 363 ·1050 Elsene, Belgium· 12 yrs active

Sector: Public relations and communication consultancy (73300)

Conclusion Checked

DIRECT SEARCH BELGIUM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15k and a net result of €89k. Its solvency ranks better than 15% of 130 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€15k
Net result	€89k
Staff (FTE)	3.9
Better than sector	15%

Financial profile 5 of 5 axes measured · computed by Checked

69 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 56

Profitability 100

Solvency 10

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.1% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2014, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

56 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview11 NBB filings

Annual accounts filed on 20-11-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	4.3%	43.8%	better than 15% of 130 sector peers
Net result	€89k	€32k	better than 69% of 130 sector peers
Equity	€15k	€116k	better than 18% of 130 sector peers
Gross operating margin	€363k	€86k	better than 79% of 114 sector peers
Staff costs	€203k	€230k	higher than 46% of 57 sector peers

EBITDA

€157k

- 23-24

Net profit

€89k

- 23-24

Cash flow

€103k

- 23-24

Total assets

€342k

+63.7% 23-24

Equity

€15k

- 23-24

Working capital

€-62k

+27.6% 23-24

Employees (FTE)

4

+105.3% 23-24

Staff costs

€203k

+139.7% 23-24

Income taxes

€36k

- 23-24

Debt

€328k

+15.7% 23-24

Debt ≤ 1y

€328k

+15.7% 23-24

Current ratio

0.81

+16.3% 23-24

Quick ratio

0.81

+16.3% 23-24

Solvency

4.3%

- 23-24

Debt / equity

22.27

- 23-24

ROE

603.0%

+656.4% 23-24

ROA

25.9%

- 23-24

Interest coverage

8.43

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	full schema
Revenue	-
EBITDA	€157k
Net profit	€89k
Cash flow	€103k
Staff costs	€203k
Income taxes	€36k
Dividends	-
Total assets	€342k
Equity	€15k
Debt	€328k
of which ≤ 1y	€328k
of which > 1y	-
Working capital	€-62k
Employees (FTE)	3.9

Ratios (computed)

	2024
Current ratio	0.81
Quick ratio	0.81
Working capital ratio	-18.2%
Solvency	4.3%
Debt / equity	22.27
Long-term debt ratio	-
Interest coverage	8.43
Gross margin	-
Net margin	-
ROA	25.9%
ROE	603.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Balance-sheet composition 2024

Assets

Fixed assets €77k · 22.5% Current assets €265k · 77.5%

Equity & liabilities

Equity €15k · 4.3% Debt €328k · 95.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€342k
Fixed assets	21/28	€77k
Tangible fixed assets	22/27	€66k
Financial fixed assets	28	€11k
Current assets	29/58	€265k
Amounts receivable within one year	40/41	€263k
Cash & bank	54/58	€184
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€342k
Equity	10/15	€15k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€-6k
Amounts payable	17/49	€328k
Amounts payable within one year	42/48	€328k
Trade debts payable within one year	44	€57k
Income statement
Gross operating margin	9900	€363k
Operating result	9901	€143k
Financial charges	65	€19k
Result before taxes	9903	€124k
Income taxes	67/77	€36k
Net result for the period	9904	€89k
Result to be appropriated	9905	€89k

Legal Structure

NACE primary	Public relations and communication consultancy(73300)
Legal form	Private limited company (pre-2019)(015)
Incorporation	25-04-2014
Status	Active
Postal code	1050

Establishment units 1 location

DIRECT SEARCH BELGIUM SPRL

Louizalaan 363, 1050 ElseneActivities of head offices; management consultancy activities

since 20142.236.959.956

Real-estate footprint Source: CBE × cadastre

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0202/00L005	Brussels	722 m²	1 · 685 m²	39.7 m · 10 fl.

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.

Updates 10 events

All 11Financial 1Filings 10

2025

20-11

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 112 days late

2024

31-12

Financial Back to profitnet €89k

Net result €89k after one loss-making year.

10-09

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 41 days late

2023

25-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 56 days late

2022

24-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 24 days late

31-03

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 243 days late

2021

09-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 162 days late

2019

19-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 80 days late

2018

10-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 71 days late

2017

28-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 28 days late

2016

19-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 19 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300Employment placement agencies78100Business and other management consultancy70200Business consulting70220

Names & trade names

Legal nameFR

DIRECT SEARCH BELGIUM

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