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Equation Belgium

Active
Public limited companyfounded 1997active for 29 yearsTerhulpsesteenweg 185, 1170 Watermaal-Bosvoorde, Belgium173 active companies are registered at this addressKBO/BCE: BE 0461.174.226
Summary

Equation Belgium has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €150,554 and a net result of €41,688. Equity is growing by about 2.9% per year across the filed financial years. Its solvency ranks better than 48% of 8,541 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
Equation BelgiumActiveChecked score 93/100
Risk analysis ReportCompare

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€296,836total assets 2025
Staff
0.2 FTE
Equity
€150,554
Profit
€41,688
Turnover not published (micro format)
Financial health
93 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
EQUATION INTERNATIONAL · 99.73%
2025 accounts filed 2 days late1 of 7 deeds summarised
Why 93lowers riskFounded in 1997Liquidity: current ratio 2.42, cash €35,154Legal form: public limited companyEquity €150,554 (50.7% of total assets)Show the evidence

Checked score

Score 2025
93 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (NACE 73, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 76+2
equity 50.7% of total assets
Liquidity 45-7
short-term debt 40.9% · cash 11.8%
Profitability 86+1
return on assets 14.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,206 companies, NACE 73, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024lowest value 01-2025: 0.1%▲ +0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026highest value 03-2026: 0.1%▼ -0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.42, compared with 2.54 in 2024, above the usual 1.5; short-term debt: 40.9% and cash: 11.8% of total assets), and 49.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 50% on solvency, 29% on liquidity, 63% on profitability and 47% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1997
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 2.42, cash €35,154
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
lowers risk · Equity €150,554 (50.7% of total assets)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
2 days late
2024
16 days early
2023
28 days early
2022
8 days early
2021
31 days early
2020
44 days early
2019
52 days early
← 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 25 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 15 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end24-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Equity above €150,000equity €150,554 ▲1.1%
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Controlled by EQUATION INTERNATIONAL 99.73% View
  • Positive: 7 profitable years in a rowprofit 2025: €41,688 7 years View
  • Active since 1997founded 28-07-1997 29 years View

By topic

Financials

Financial year
2025
Total assets
€296,836
Profit
€41,688
Solvency
50.7%
Total assets▼ 1.3%
Net result
20192025
Go to Financials

Timeline

Events
31
Since
1999
Next accounts
by 31-01-2027
  1. 10-04-2024Amendment of the articles
  2. 03-01-2024Annual accounts filed
  3. 23-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Advertising agenciesNACE 73110
Founded
28-07-1997
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
13
Who signs
Two directors jointly
Annual meeting
Last Tuesday of November at 14:00
Go to Articles of association

Key facts about Equation Belgium

What is the company number of Equation Belgium?
0461.174.226. In Belgium the VAT number is the company number with BE in front: BE 0461.174.226.
Where is Equation Belgium based?
The registered office is at Terhulpsesteenweg 185, 1170 Watermaal-Bosvoorde.Company details
What does Equation Belgium do?
According to the KBO register, the main activity is advertising agencies (NACE 73110).
What is the legal form of Equation Belgium?
Public limited company (NV).
When was Equation Belgium founded?
On 28-07-1997.
Is Equation Belgium still active?
Yes, Equation Belgium is an active enterprise in the KBO register.
How many employees does Equation Belgium have?
On average 0.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Equation Belgium?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Equation Belgium profitable?
In financial year 2025, Equation Belgium made a profit of €41,688.
Where can I find the annual accounts of Equation Belgium?
Equation Belgium filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Equation Belgium due?
By 31-01-2027, for financial year 2026.Timeline

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