GHOST
ActiveSummary
The computed 12-month bankruptcy probability of GHOST is 2.3% (moderate). For GHOST, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€11,493) and a net result of -€11,489. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 8323 sector peers (fiscal year 2023). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0▼-25
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-76.7%
Return on assets
-76.7%
Age of the figures
33 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-12-2024, 145 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
145 d late
2022
115 d early
2021
44 d early
2020
18 d early
2019
78 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 22 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 (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€11,493▼ 323,634%
2022 · -€4
Total assets
€14,987▲ 82.9%
2022 · €8,195
Net result
-€11,489▼ 67.7%
2022 · -€6,853
Working capital
-€13,074▼ 368,179%
2022 · -€4
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€16,501▲ 26.5%-€10,891€2,383-€6,728-€11,626▼ 72.8%
Net result€16,399▲ 26.5%-€10,983€2,288-€6,853-€11,489▼ 67.7%
Equity€15,545€4,562▼ 70.7%€6,849▲ 50.1%-€4-€11,493▼ 323,634%
Total assets€61,933▲ 19.3%€17,107▼ 72.4%€10,755▼ 37.1%€8,195▼ 23.8%€14,987▲ 82.9%
Debt€46,388▼ 12.1%€12,545▼ 73.0%€3,905▼ 68.9%€8,199▲ 110%€26,480▲ 223%
Working capital€15,545€4,562▼ 70.7%€6,849▲ 50.1%-€4-€13,074▼ 368,179%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,626 in 2023 against €6,728 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
Assets €14,987
Fixed assets
€1,581
Current assets
€13,406
Key figures and ratios
EBITDA
-€10,547
Cash flow
-€10,410
Solvency
-76.7%▼
2022 · 0.0%
Current ratio
0.51▼
2022 · 1.00
Debt to equity
-2.30
ROA
-76.7%▲
2022 · -83.6%
Interest coverage
-75.84
Debt ≤ 1 year
€26,480▲
2022 · €8,199
Staff costs
€26,008▲
2022 · €16,210
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €8,863 | €16,210 | €26,008 | ▲ 60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €717 | - | - | - | €1,079 | - |
| Other operating charges640/8 | - | - | €220 | €382 | €491 | ▲ 28.4% |
| Gross operating margin9900 | €44,457 | -€1,920 | €11,466 | €9,864 | €15,952 | ▲ 61.7% |
| Operating profit (loss)9901 | €16,501 | -€10,891 | €2,383 | -€6,728 | -€11,626 | ▼ 72.8% |
| Financial income75/76B | - | - | €17 | - | €276 | - |
| Recurring financial income75 | €0 | €0 | €17 | - | €276 | - |
| Financial charges65/66B | - | - | €112 | €125 | €139 | ▲ 11.4% |
| Recurring financial charges65 | €102 | €92 | €112 | €125 | €139 | ▲ 11.4% |
| Profit (loss) for the period before taxes9903 | €16,399 | -€10,983 | €2,288 | -€6,853 | -€11,489 | ▼ 67.7% |
| Profit (loss) for the period9904 | €16,399 | -€10,983 | €2,288 | -€6,853 | -€11,489 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €16,399 | -€10,983 | €2,288 | -€6,853 | -€11,489 | ▼ 67.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,933 | €17,107 | €10,755 | €8,195 | €14,987 | ▲ 82.9% |
| Fixed assets21/28 | - | - | - | - | €1,581 | - |
| Tangible fixed assets22/27 | - | - | - | - | €1,581 | - |
| Furniture and vehicles24 | - | - | - | - | €1,581 | - |
| Current assets29/58 | €61,933 | €17,107 | €10,755 | €8,195 | €13,406 | ▲ 63.6% |
| Amounts receivable within one year40/41 | €43,979 | €7,357 | €3,589 | €4,203 | €5,585 | ▲ 32.9% |
| Trade receivables40 | - | - | €3,589 | €4,203 | €5,585 | ▲ 32.9% |
| Cash at bank and in hand54/58 | €12,701 | €9,751 | €7,166 | €3,993 | €7,821 | ▲ 95.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,933 | €17,107 | €10,755 | €8,195 | €14,987 | ▲ 82.9% |
| Equity10/15 | €15,545 | €4,562 | €6,849 | -€4 | -€11,493 | ▼ 323,634% |
| Contributions10/11 | €9,197 | - | €9,197 | €9,269 | €9,269 | = |
| Reserves13 | €72 | €72 | €72 | - | - | - |
| Non-distributable reserves130/1 | - | - | €72 | - | - | - |
| Reserves not available under the articles1311 | - | - | €72 | - | - | - |
| Profit (loss) carried forward14 | €6,276 | -€4,707 | -€2,420 | -€9,273 | -€20,762 | ▼ 124% |
| Amounts payable17/49 | €46,388 | €12,545 | €3,905 | €8,199 | €26,480 | ▲ 223% |
| Amounts payable within one year42/48 | €46,388 | €12,545 | €3,905 | €8,199 | €26,480 | ▲ 223% |
| Financial debts43 | - | - | - | - | €768 | - |
| Credit institutions430/8 | - | - | - | - | €768 | - |
| Trade debts44 | €36,264 | €519 | €241 | €691 | €9,868 | ▲ 1,328% |
| Suppliers440/4 | - | - | €241 | €691 | €9,868 | ▲ 1,328% |
| Taxes, remuneration and social security45 | - | - | €3,231 | €2,680 | €146 | ▼ 94.6% |
| Taxes450/3 | - | - | €308 | €525 | €146 | ▼ 72.2% |
| Remuneration and social security454/9 | - | - | €2,924 | €2,155 | - | - |
| Other amounts payable47/48 | - | - | €433 | €4,828 | €15,698 | ▲ 225% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,399 | -€10,983 | €2,288 | -€6,853 | -€11,489 | ▼ 67.7% |
| + Depreciation and write-downs630 | €717 | - | - | - | €1,079 | - |
| Operating cash flow (approximation) | €17,116 | -€10,983 | €2,288 | -€6,853 | -€10,410 | ▼ 51.9% |
| Change in cash | - | -€2,951 | -€2,585 | -€3,173 | €3,828 | ▲ 221% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 145 days late
2023
31-12
Financial
Weakest financial yearnet -€11,489
Net result drops to -€11,489, the lowest in the series.
07-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,288
Net result €2,288 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.36 to 2.75; short-term debt falls from €12,545 to €3,905.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €16,399 ▲26.5%
Operating result €16,501, net result €16,399, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 2021
Ground area
6,526 m²
Building footprint
590 m²
Volume, LiDAR
12,714 m³
2 parcels, Brussels · tallest building 25.8 m, ±8 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Roze Hoevelaan 7, 1180 Ukkel
since 20212.319.514.775
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0439/00G000 | Brussels | 6,382 m² | 1 · 485 m² | 25.8 m · 8 fl. |
| 21447B0210/00T000 | Brussels | 144 m² | 1 · 105 m² | 21.7 m · 6 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,752. 1,761 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.