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Display Direct

Active
Public limited companyfounded 201511 yrs activeBroederminstraat 9, 2018 Antwerpen, BelgiumKBO/BCE: BE 0628.985.315
Summary

Display Direct has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €380,659 and a net result of €23,726. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability53▼-20
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 63.99 against 37.8 in 2024; short-term debt: 1.6% and cash: 7.8% of total assets), and 1.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
98.4%
Return on assets
6.1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
4 d late
2024
13 d early
2023
8 d early
2022
2 d early
2021
19 d early
2020
36 d early
2019
52 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 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 (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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Display Direct was incorporated on 29 April 2015.1 Total assets rose from EUR 118,804 in 2018 to EUR 386,702 in 2025 and headcount from 2.1 full-time equivalents in 2018 to 0.4 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23,726▼ 54.2%
2024 · €51,753
Working capital
€380,659▲ 6.6%
2024 · €356,934
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
Line20212022202320242025
Operating result€30,251▼ 52.5%€82,675▲ 173%€109,395▲ 32.3%€43,674▼ 60.1%€20,257▼ 53.6%
Net result€43,734within the sector's middle half▼ 31.2%€90,738within the sector's middle half▲ 107%€93,045within the sector's middle half▲ 2.5%€51,753within the sector's middle half▼ 44.4%€23,726within the sector's middle half▼ 54.2%
Equity€121,398within the sector's middle half▲ 56.3%€212,136within the sector's middle half▲ 74.7%€305,181within the sector's middle half▲ 43.9%€356,934within the sector's middle half▲ 17.0%€380,659within the sector's middle half▲ 6.6%
Total assets€180,190below the sector's middle half▲ 67.5%€215,136below the sector's middle half▲ 19.4%€332,161within the sector's middle half▲ 54.4%€366,632within the sector's middle half▲ 10.4%€386,702below the sector's middle half▲ 5.5%
Debt€58,792▲ 96.4%€3,000▼ 94.9%€26,981▲ 799%€9,698▼ 64.1%€6,043▼ 37.7%
Working capital€121,398within the sector's middle half▲ 56.3%€212,136within the sector's middle half▲ 74.7%€305,181within the sector's middle half▲ 43.9%€356,934within the sector's middle half▲ 17.0%€380,659within the sector's middle half▲ 6.6%
Solvency67.4%within the sector's middle half▼ 4.8pp98.6%above the sector's middle half▲ 31.2pp91.9%above the sector's middle half▼ 6.7pp97.4%above the sector's middle half▲ 5.5pp98.4%above the sector's middle half▲ 1.1pp
Current ratio3.06within the sector's middle half▼ 0.5371.71above the sector's middle half▲ 68.6512.31above the sector's middle half▼ 59.4037.80above the sector's middle half▲ 25.4963.99above the sector's middle half▲ 26.19
Return on assets (ROA)24.3%above the sector's middle half▼ 34.8pp42.2%above the sector's middle half▲ 17.9pp28.0%above the sector's middle half▼ 14.2pp14.1%above the sector's middle half▼ 13.9pp6.1%within the sector's middle half▼ 8.0pp
Staff (FTE)0.4below the sector's middle half0below the sector's middle half
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
€0€50,000€100,000Operating result 2021: €30,251€30,251Net result 2021: €43,734€43,734Operating result 2022: €82,675€82,675Net result 2022: €90,738€90,738Operating result 2023: €109,395€109,395Net result 2023: €93,045€93,045Operating result 2024: €43,674€43,674Net result 2024: €51,753€51,753Operating result 2025: €20,257€20,257Net result 2025: €23,726€23,72620212022202320242025€0€50,000€100,000Operating result 2023: €109,395€109,000Net result 2023: €93,045€93,000Operating result 2024: €43,674€43,700Net result 2024: €51,753€51,800Operating result 2025: €20,257€20,300Net result 2025: €23,726€23,700202320242025
The operating result has fallen two years in a row; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €386,702
Equity €380,659 ▲ 6.6%
Debt €6,043 ▼ 37.7%
Debt's share of the balance-sheet total falls from 2.6% to 1.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.02▼
2024 · 0.03
ROE
6.2%▼
2024 · 14.5%
Debt ≤ 1 year
€6,043▼
2024 · €9,698
Income taxes
€0▲
2024 · -€8,137
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.8% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€366,632€386,702▲
Current assets29/58€366,632€386,702▲
Amounts receivable within one year40/41€203,704€356,444▲
Trade receivables40€171,780€3,528▼
Other amounts receivable41€31,924€352,917▲
Cash at bank and in hand54/58€162,928€30,258▼
Equity and liabilities
Total equity and liabilities10/49€366,632€386,702▲
Equity10/15€356,934€380,659▲
Contributions10/11€270,489€270,489=
Capital10€270,489€270,489=
Issued capital100€270,489€270,489=
Reserves13€233,049€256,775▲
Non-distributable reserves130/1€27,049€27,049=
Legal reserve130€27,049€27,049=
Distributable reserves133€206,000€229,726▲
Profit (loss) carried forward14-€146,605-€146,605=
Amounts payable17/49€9,698€6,043▼
Amounts payable within one year42/48€9,698€6,043▼
Trade debts44€9,698€5,404▼
Suppliers440/4€9,698€5,404▼
Taxes, remuneration and social security45-€639
Taxes450/3-€639
Income statement Code20242025
Other operating charges640/8€1,505€1,048▼
Gross operating margin9900€45,179€21,304▼
Operating profit (loss)9901€43,674€20,257▼
Financial income75/76B-€3,516
Recurring financial income75-€3,516
Financial charges65/66B€58€47▼
Recurring financial charges65€58€47▼
Profit (loss) for the period before taxes9903€43,616€23,726▼
Income taxes67/77-€8,137€0▲
Profit (loss) for the period9904€51,753€23,726▼
Profit (loss) for the period to be appropriated9905€51,753€23,726▼
Appropriation of the result
Profit (loss) to be appropriated9906-€95,605-€122,879▼
Profit (loss) brought forward from the previous period14P-€147,357-€146,605▲
Transfer to equity691/2€51,000€23,726▼
To other reserves6921€51,000€23,726▼
Social balance
Average headcount (FTE)9087-0.0

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€5,152-----
Other operating charges640/8€3,419€450€384€1,505€1,048▼ 30.4%
Gross operating margin9900€38,821€83,124€109,780€45,179€21,304▼ 52.8%
Operating profit (loss)9901€30,251€82,675€109,395€43,674€20,257▼ 53.6%
Financial income75/76B--€1-€3,516-
Recurring financial income75--€1-€3,516-
Financial charges65/66B€25€73€78€58€47▼ 17.8%
Recurring financial charges65€25€73€78€58€47▼ 17.8%
Profit (loss) for the period before taxes9903€30,226€82,602€109,318€43,616€23,726▼ 45.6%
Income taxes67/77-€13,509-€8,137€16,273-€8,137€0▲ 100%
Profit (loss) for the period9904€43,734€90,738€93,045€51,753€23,726▼ 54.2%
Profit (loss) for the period to be appropriated9905€43,734€90,738€93,045€51,753€23,726▼ 54.2%
Line20212022202320242025Change
Assets
Total assets20/58€180,190€215,136€332,161€366,632€386,702▲ 5.5%
Current assets29/58€180,190€215,136€332,161€366,632€386,702▲ 5.5%
Amounts receivable within one year40/41€66,725€142,478€217,893€203,704€356,444▲ 75.0%
Trade receivables40€31,217€127,908€217,893€171,780€3,528▼ 97.9%
Other amounts receivable41€35,508€14,570-€31,924€352,917▲ 1,005%
Cash at bank and in hand54/58€113,465€72,659€114,268€162,928€30,258▼ 81.4%
Equity and liabilities
Total equity and liabilities10/49€180,190€215,136€332,161€366,632€386,702▲ 5.5%
Equity10/15€121,398€212,136€305,181€356,934€380,659▲ 6.6%
Contributions10/11€270,489€270,489€270,489€270,489€270,489=
Capital10€270,489€270,489€270,489€270,489€270,489=
Issued capital100€270,489€270,489€270,489€270,489€270,489=
Reserves13€1,855€91,855€182,049€233,049€256,775▲ 10.2%
Non-distributable reserves130/1€1,855€1,855€27,049€27,049€27,049=
Legal reserve130€1,855€1,855€27,049€27,049€27,049=
Distributable reserves133-€90,000€155,000€206,000€229,726▲ 11.5%
Profit (loss) carried forward14-€150,946-€150,208-€147,357-€146,605-€146,605=
Amounts payable17/49€58,792€3,000€26,981€9,698€6,043▼ 37.7%
Amounts payable within one year42/48€58,792€3,000€26,981€9,698€6,043▼ 37.7%
Trade debts44€58,792€3,000€24,013€9,698€5,404▼ 44.3%
Suppliers440/4€58,792€3,000€24,013€9,698€5,404▼ 44.3%
Taxes, remuneration and social security45--€2,968-€639-
Taxes450/3--€2,968-€639-
Line20212022202320242025Change
Profit (loss) for the period9904€43,734€90,738€93,045€51,753€23,726▼ 54.2%
Operating cash flow (approximation)€43,734€90,738€93,045€51,753€23,726▼ 54.2%
Change in cash--€40,806€41,610€48,659-€132,670▼ 373%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
18-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Liquidity triplescurrent ratio 37.80
Current ratio from 12.31 to 37.80; short-term debt falls from €26,981 to €9,698.
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Highest result since 2018net €93,045 ▲2.5%
Operating result €109,395, net result €93,045, both a record.
29-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Liquidity times 23current ratio 71.71
Current ratio from 3.06 to 71.71; short-term debt falls from €58,792 to €3,000.
31-12
Financial Equity above €200,000Eq €212,136 ▲74.7%
4 profitable years in a row build equity to €212,136.
12-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Equity above €100,000Eq €121,398 ▲56.3%
3 profitable years in a row build equity to €121,398.
25-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Liquidity doublescurrent ratio 3.59
Current ratio from 1.54 to 3.59.
Show earlier events
21-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial Back to profitnet €12,704
Net result €12,704 after one loss-making year.
26-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-05
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.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Antwerpen · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
3,273 m²
Building footprint
259 m²
Volume, LiDAR
2,139 m³
2 parcels, Flanders · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
12 companies at this address See who is registered here
1 establishment unit
Display Direct
Mastendreef 22, 2970 SchildeAdvertising agencies
since 20152.241.998.810
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11922C0340/00N000 Flanders 3,160 m² 1 · 147 m² 9.7 m · 1 fl.
11811L3780/00M000 Flanders 112 m² 1 · 112 m² 17.2 m · 4 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 owner

Chain of control

  1. ZIGT Media 100%
  2. BALU VENTURES 100%
  3. Display Direct

Highest known parent: ZIGT Media. The sources do not say who stands above it.

Owners 1

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.

Similar companies · same sector, comparable size

Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,366 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
Founded29-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
47120Other non-specialised retail sale
62100Computer programming
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0628985315
Registered 07-01-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.