Result
The result fell in 2025 from €490,468 to €223,966.
The result fell in 2025 from €490,468 to €223,966.
Green is investment, beige is depreciation.
In 2025, 0 people joined and 1 left.
The 2020 accounts came latest: 47 days after the end of the period.
Board changed. Latest change 15-09-2026 · 5 in office.
Higher solvency than 87% of companies in advertising and market research. Sector median 43.7% · 845 companies.
The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 93% on liquidity, 61% on profitability and 67% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as ECTA has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ECTA itself is lower: < 0.1% within 12 months. It rests on far more data about ECTA than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for ECTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 9.03 (9.18 in 2024), above the usual 1.5. Short-term debt is 11% and cash 47.9% of total assets. 11.3% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 4 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| ECTA Brussels | €1.7m | €690,057 | 88.7% | 3.3 |
| JD Média Namur | €1.9m | €846,338 | 17.9% | 5.5 |
| Atlas Sales Agency België Brussels | €0.9m | €612,086 | 32.0% | 3.3 |
| Milence Belgium Brussels | €1.8m | €625,981 | 1.2% | 3 |
| Project Associates EU Brussels | €2.4m | €981,037 | 20.8% | 5.9 |
| T-MEDIA Antwerp | €2.0m | €645,441 | 16.7% | 7.1 |
| Day One MPM België Roeselare | €2.2m | €784,197 | 38.7% | 7 |
These companies have the same main activity as ECTA: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €929,000 and €2.4m, founded between 2018 and 2022.
ECTA has existed since 2019. The gross margin grew from €225,780 in 2020 to €690,057 in 2025.
Solvency rose in 2025 from 65.8% to 88.7% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 87% of 845 companies in 2025.
Higher than 88% of 812 companies in 2025.
Higher than 81% of 836 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
1.7m | 2.0m | 998,202 | 1.0m | 1.2m | 1.3m | |
21/28 |
10,095 | 2,018 | 4,052 | 8,339 | 12,627 | 17,323 | |
21 |
- | - | 746 | 1,492 | 2,237 | 2,983 | |
22/27 |
10,095 | 2,018 | 3,306 | 6,848 | 10,389 | 14,340 | |
22 |
- | - | - | 4,219 | 6,446 | 8,674 | |
24 |
10,095 | 2,018 | 1,314 | 2,629 | 3,943 | 5,666 | |
26 |
- | - | 1,992 | - | - | - | |
29/58 |
1.7m | 2.0m | 994,150 | 1.0m | 1.2m | 1.3m | |
40/41 |
358,326 | 605,721 | 55,511 | 109,172 | 78,776 | 126,696 | |
40 |
331,918 | 600,090 | 10,525 | 74,813 | 63,713 | 122,548 | |
41 |
26,408 | 5,631 | 44,986 | 34,359 | 15,063 | 4,148 | |
50/53 |
500,000 | - | - | - | - | - | |
54/58 |
823,069 | 1.2m | 897,075 | 817,863 | 1.0m | 1.1m | |
490/1 |
27,687 | 132,468 | 41,565 | 84,590 | 66,593 | 11,752 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
1.7m | 2.0m | 998,202 | 1.0m | 1.2m | 1.3m | |
10/15 |
1.5m | 1.3m | 809,954 | 780,396 | 959,331 | - | |
10 |
1.9m | 1.9m | 1.9m | 1.9m | - | 1.9m | |
14 |
-353,176 | -577,142 | -1.1m | -1.1m | -918,233 | -654,383 | |
17/49 |
194,790 | 676,646 | 188,248 | 239,568 | 247,874 | 64,230 | |
42/48 |
189,175 | 215,261 | 188,248 | 239,568 | 247,874 | 61,230 | |
44 |
144,993 | 157,913 | 9,333 | 64,249 | 60,417 | - | |
440/4 |
144,993 | 157,913 | 9,333 | 64,249 | 60,417 | - | |
46 |
- | - | 124,861 | 130,915 | 139,175 | 1,770 | |
45 |
44,183 | 57,348 | 54,054 | 44,404 | 48,282 | 59,460 | |
450/3 |
0 | 5,481 | - | - | - | 20,358 | |
454/9 |
44,183 | 51,867 | 54,054 | 44,404 | 48,282 | 39,102 | |
492/3 |
5,614 | 461,385 | - | - | - | 3,000 | |
| Income statement | |||||||
70 |
- | - | - | - | - | 370,420 | |
9900 |
690,057 | 954,354 | 582,454 | 300,084 | 167,048 | 225,780 | |
60/61 |
- | - | - | - | - | 146,404 | |
62 |
461,371 | 450,409 | 443,037 | 392,519 | 391,459 | 353,378 | |
630 |
1,760 | 4,378 | 4,287 | 4,287 | 4,696 | 4,696 | |
640/8 |
2,008 | 4,748 | 75,007 | 61,524 | 23,829 | 30,311 | |
66A |
- | - | 3,240 | - | - | - | |
9901 |
224,919 | 494,819 | 56,882 | -158,247 | -252,937 | -162,605 | |
75/76B |
940 | 3,369 | 3,985 | 201 | 497 | 81 | |
75 |
940 | 3,369 | 3,985 | 201 | 497 | 81 | |
65/66B |
1,893 | 7,720 | 31,310 | 20,889 | 11,410 | 5,242 | |
65 |
1,893 | 7,720 | 31,310 | 20,889 | 11,410 | 5,242 | |
9903 |
223,966 | 490,468 | 29,558 | -178,935 | -263,850 | -167,766 | |
9904 |
223,966 | 490,468 | 29,558 | -178,935 | -263,850 | -167,766 | |
9905 |
223,966 | 490,468 | 29,558 | -178,935 | -263,850 | -167,766 | |
| Appropriation of the result | |||||||
9906 |
-353,176 | -577,142 | -1.1m | -1.1m | -918,233 | -654,383 | |
14P |
-577,142 | -1.1m | -1.1m | -918,233 | -654,383 | -486,617 | |
| Social balance sheet | |||||||
9087 |
3.3 | 4.1 | 4.1 | 4.1 | 4.1 | 4 | |
Hours worked1013 |
5,435 | 6,790 | 6,916 | 6,662 | 6,578 | - | |
| Document | |||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431356.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-08-2026 | 2026-00431356 | |
| 31-12-2024 | full format | 04-07-2025 | 2025-00246316 | |
| 31-12-2023 | full format | 30-07-2024 | 2024-00316348 | |
| 31-12-2022 | full format | 27-07-2023 | 2023-00298733 | |
| 31-12-2021 | full format | 14-07-2022 | 2022-20189979 | |
| 31-12-2020 | full format | 16-09-2021 | 2021-67900246 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 226,678 | 499,197 | 61,169 | -153,960 | -248,241 | -157,909 | ||
| 225,725 | 494,846 | 33,845 | -174,648 | -259,154 | -163,070 | ||
| 9,837 | 2,343 | 0 | 0 | -0 | 56,041 | ||
| -413,793 | 339,787 | 79,212 | -231,347 | -82,430 | - | ||
| 1.5m | 1.8m | 805,902 | 772,057 | 946,705 | 1.2m | ||
| - | - | - | - | - | -43.9% | ||
| 88.7% | 65.8% | 81.1% | 76.5% | 79.5% | - | ||
| 9.03 | 9.18 | 5.28 | 4.22 | 4.82 | 20.74 | ||
| 0.13 | 0.52 | 0.23 | 0.31 | 0.26 | - | ||
| 14.7% | 37.7% | 3.6% | -22.9% | -27.5% | - | ||
| 13.0% | 24.8% | 3.0% | -17.5% | -21.9% | -13.0% | ||
| over 100 | 64.66 | 1.95 | -7.37 | -21.76 | -30.12 | ||
| - | - | - | - | - | 121 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 5 | 5 | 5 | 5 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| part-time | 2 | 3 | 3 | 3 | 3 |
| in full-time equivalents | 3.3 | 4.1 | 4.1 | 4.1 | 4.1 |
| 3.3 | 4.1 | 4.1 | 4.1 | 4.1 | |
| On a permanent contract | 4 | 5 | 5 | 5 | 5 |
| Joined | 0 | 1 | - | - | - |
| Left | 1 | 1 | - | - | - |
| Training hours | 0 | - | - | - | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,837 | €2,343 | - | - | - |
| €1,760 | €4,378 | €4,287 | €4,287 | €4,696 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 55% lower than in 2024.
Debt's share of the balance-sheet total falls from 34.2% to 11.3%. Equity is higher and debt is lower.
This int'l non-profit association has no shareholders or capital.
ECTA has no parent and no holdings in its annual accounts. ECTA shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Koloniënstraat 18/24 registered office 1000 Brussels 63920 Other information service activities | 02-12-2019 | 2.297.993.346 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21804D1419/00L002 | 182 m² | 1 · 155 m² | 32.9 m · 10 |
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