Equity
Debts exceed assets in financial year 2023.
Debts exceed assets in financial year 2023.
The 2022 and 2023 financial years closed with a loss. 2023 was the heaviest.
Green is investment, beige is depreciation.
2024 accounts not filed: deadline was 31-07-2025.
Lower solvency than 93% of companies in advertising and market research. Sector median 53.5% · 8,158 companies.
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.
| Company | ||||
|---|---|---|---|---|
| GHOST Ixelles | €14,987 | €15,952 | -76.7% | - |
| LASSIMON & PARTNERS Rixensart | €16,492 | €13,120 | 58.2% | - |
| LE SOLEIL MARKETING & COMMUNICATION Auderghem | €16,254 | €8,756 | -50.0% | - |
| KNOTORYUS Brussels | €18,555 | €10,628 | -298.4% | - |
| Bonsai & Co Balen | €18,089 | €10,566 | -44.3% | - |
| BOOMSTUDIO Vielsalm | €22,141 | €14,623 | 70.4% | - |
| BOOMING BUSINESS Sint-Genesius-Rode | €16,687 | €11,040 | -165.6% | - |
These companies have the same main activity as GHOST: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €16,300 and €22,100, founded between 1991 and 2005.
GHOST files the micro format. That format states no turnover. The gross margin rose from €2,303 in 2006 to €15,952 in 2023.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 13 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €98,000. Estimated: probably between €51,000 and €180,000.
Higher than 7% of 8,158 companies in 2023.
Higher than 12% of 7,873 companies in 2023.
Lower than 95% of 7,977 companies in 2023.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
14,987 | 8,195 | 10,755 | 17,107 | 61,933 | 51,895 | 16,248 | 15,304 | 12,401 | 11,660 | 9,998 | 10,948 | 12,989 | 9,421 | 7,352 | 7,732 | 10,410 | 9,361 | |
21/28 |
1,581 | - | - | - | - | 717 | 2,011 | 2,271 | 3,044 | 1,497 | 2,343 | 1,787 | 2,424 | 711 | 1,491 | 3,566 | 4,821 | 3,455 | |
22/27 |
1,581 | - | - | - | - | 717 | 2,011 | 2,271 | 3,044 | 1,497 | 2,343 | 1,787 | 2,424 | 711 | 1,491 | 3,566 | 4,821 | 3,455 | |
23 |
- | - | - | - | - | - | 0 | 0 | 0 | 0 | 73 | 147 | 220 | 0 | 0 | 0 | 122 | 243 | |
24 |
1,581 | - | - | - | - | 717 | 2,011 | 2,271 | 3,044 | 1,497 | 2,269 | 1,640 | 2,204 | 711 | 1,491 | 3,566 | 4,699 | 3,212 | |
29/58 |
13,406 | 8,195 | 10,755 | 17,107 | 61,933 | 51,178 | 14,237 | 13,032 | 9,357 | 10,162 | 7,655 | 9,161 | 10,565 | 8,710 | 5,861 | 4,167 | 5,589 | 5,906 | |
40/41 |
5,585 | 4,203 | 3,589 | 7,357 | 43,979 | 45,879 | 11,983 | 11,126 | 9,357 | 10,162 | 7,337 | 2,492 | 8,203 | 8,661 | 5,755 | 4,020 | 5,570 | 3,496 | |
40 |
5,585 | 4,203 | 3,589 | 4,600 | 35,721 | 35,627 | 11,946 | 11,100 | 8,310 | 10,162 | 7,337 | 2,492 | 8,203 | 8,661 | 5,555 | 3,820 | 2,528 | 2,808 | |
41 |
- | - | - | 2,757 | 8,257 | 10,252 | 38 | 26 | 1,047 | 0 | 0 | 0 | 0 | - | 200 | 200 | 3,042 | 688 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | 0 | 49 | 49 | 49 | 49 | 49 | - | 631 | |
54/58 |
7,821 | 3,993 | 7,166 | 9,751 | 12,701 | 2,038 | 2,254 | 1,790 | - | - | 318 | 6,620 | 2,314 | - | - | 97 | - | 1,779 | |
490/1 |
- | - | - | - | 5,253 | 3,261 | 0 | 117 | - | - | - | - | - | - | 57 | - | 19 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
14,987 | 8,195 | 10,755 | 17,107 | 61,933 | 51,895 | 16,248 | 15,304 | 12,401 | 11,660 | 9,998 | 10,948 | 12,989 | 9,421 | 7,352 | 7,732 | 10,410 | 9,361 | |
10/15 |
-11,493 | -4 | 6,849 | 4,562 | 15,545 | -854 | -13,820 | -10,193 | -10,640 | -12,059 | -13,455 | -12,258 | -9,258 | -8,500 | -5,291 | -3,061 | -4,355 | -5,816 | |
10/11 |
9,269 | 9,269 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 9,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 9,395 | 12,395 | 12,395 | 12,395 | |
13 |
- | - | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | - | |
130/1 |
- | - | 72 | 72 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | 72 | - | |
1311 |
- | - | 72 | 72 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-20,762 | -9,273 | -2,420 | -4,707 | 6,276 | -10,123 | -23,089 | -19,462 | -19,909 | -21,328 | -22,724 | -21,527 | -18,527 | -17,769 | -14,559 | -9,330 | -10,624 | -12,013 | |
17/49 |
26,480 | 8,199 | 3,905 | 12,545 | 46,388 | 52,749 | 30,068 | 25,497 | 23,040 | 23,719 | 23,453 | 23,206 | 22,247 | 17,921 | 12,642 | 10,793 | 14,765 | 15,177 | |
42/48 |
26,480 | 8,199 | 3,905 | 12,545 | 46,388 | 52,749 | 30,068 | 25,497 | 23,040 | 23,719 | 23,453 | 23,206 | 22,247 | 17,921 | 11,754 | 10,793 | 11,644 | 15,177 | |
43 |
768 | - | - | - | - | - | - | 0 | 842 | 653 | - | - | - | 3,349 | 847 | - | 325 | - | |
430/8 |
768 | - | - | - | - | - | - | - | 842 | 653 | - | - | - | 3,349 | 847 | - | 325 | - | |
44 |
9,868 | 691 | 241 | 519 | 36,264 | 44,538 | 5,719 | 3,318 | 651 | 438 | 462 | 386 | 170 | 794 | 6,283 | 1,677 | 1,400 | 2,313 | |
440/4 |
9,868 | 691 | 241 | 519 | 36,264 | 44,538 | 5,719 | 3,318 | 651 | 438 | 462 | 386 | 170 | 794 | 6,283 | 1,677 | 1,400 | 2,313 | |
45 |
146 | 2,680 | 3,231 | 3,893 | 6,845 | 4,514 | 1,026 | 1,951 | 644 | 498 | 1,501 | 1,857 | 949 | 1,073 | 3,847 | 3,921 | 1,540 | 1,527 | |
450/3 |
146 | 525 | 308 | 2,658 | 325 | 978 | 15 | 1,694 | 644 | 498 | 1,501 | 1,857 | 949 | 1,073 | 3,847 | 3,921 | 1,540 | 1,527 | |
454/9 |
- | 2,155 | 2,924 | 1,235 | 6,520 | 3,536 | 1,010 | 257 | - | - | - | - | - | - | - | 0 | - | - | |
47/48 |
15,698 | 4,828 | 433 | 8,133 | 3,279 | 3,697 | 23,324 | 20,228 | 20,904 | 22,129 | 21,490 | 20,963 | 21,129 | 12,705 | 777 | 5,195 | 8,379 | 11,337 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 888 | - | 3,121 | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | 15,809 | 16,011 | 21,554 | 23,148 | - | |
9900 |
15,952 | 9,864 | 11,466 | -1,920 | 44,457 | 52,525 | 20,095 | 22,997 | 3,659 | 2,957 | 540 | -1,449 | 1,036 | -1,487 | -2,484 | 6,766 | 4,992 | 2,303 | |
60/61 |
- | - | - | - | - | - | 0 | - | - | - | - | - | - | 17,297 | 18,495 | 14,788 | 18,156 | - | |
62 |
26,008 | 16,210 | 8,863 | 8,971 | 26,777 | 28,957 | 21,995 | 20,270 | - | - | - | - | - | - | - | - | - | - | |
630 |
1,079 | - | - | - | 717 | 1,294 | 1,334 | 1,408 | 992 | 1,365 | 1,480 | 971 | 1,107 | 1,398 | 2,075 | 2,246 | 2,455 | 1,666 | |
640/8 |
491 | 382 | 220 | - | 461 | 9,225 | 220 | - | 450 | 66 | 11 | 293 | 230 | 115 | 220 | 436 | 164 | 244 | |
9901 |
-11,626 | -6,728 | 2,383 | -10,891 | 16,501 | 13,048 | -3,454 | 1,319 | 2,217 | 1,526 | -951 | -2,713 | -301 | -3,000 | -4,779 | 4,084 | 2,372 | 393 | |
75/76B |
276 | - | 17 | 0 | 0 | 15 | 2 | 2 | - | - | 10 | 6 | 53 | - | - | - | - | - | |
75 |
276 | - | 17 | 0 | 0 | 15 | 2 | 2 | - | - | 10 | 6 | 53 | - | - | - | - | - | |
65/66B |
139 | 125 | 112 | 92 | 102 | 96 | 175 | 886 | 154 | 130 | 256 | 294 | 511 | 209 | 451 | 559 | 244 | 116 | |
65 |
139 | 125 | 112 | 92 | 102 | 96 | 175 | 886 | 154 | 130 | 256 | 294 | 511 | 209 | 451 | 559 | 244 | 116 | |
9903 |
-11,489 | -6,853 | 2,288 | -10,983 | 16,399 | 12,966 | -3,627 | 436 | 2,063 | 1,396 | -1,197 | -3,000 | -759 | -3,209 | -5,230 | 3,525 | 2,128 | 277 | |
67/77 |
- | - | - | - | - | - | - | -11 | 644 | - | - | - | - | - | - | 2,231 | 696 | - | |
9904 |
-11,489 | -6,853 | 2,288 | -10,983 | 16,399 | 12,966 | -3,627 | 446 | 1,419 | 1,396 | -1,197 | -3,000 | -759 | -3,209 | -5,230 | 1,295 | 1,433 | 277 | |
9905 |
-11,489 | -6,853 | 2,288 | -10,983 | 16,399 | 12,966 | -3,627 | 446 | 1,419 | 1,396 | -1,197 | -3,000 | -759 | -3,209 | -5,230 | 1,295 | 1,433 | 277 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-20,762 | -9,273 | -2,420 | -4,707 | 6,276 | -10,123 | -23,089 | -19,462 | -19,909 | -21,328 | -22,724 | -21,527 | -18,527 | -17,769 | -14,559 | -9,330 | -10,553 | -12,013 | |
14P |
-9,273 | -2,420 | -4,707 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72 | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | - | - | - | 1 | 0.9 | 0.9 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
- | - | - | - | - | 1,768 | 1,662 | 1,662 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 3 older financial years (2000-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 23-12-2024.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 23-12-2024 | 2024-00623266 | |
| 31-12-2022 | micro format | 07-04-2023 | 2023-00055862 | |
| 31-12-2021 | micro format | 17-06-2022 | 2022-20068498 | |
| 31-12-2020 | micro format | 13-07-2021 | 2021-34200188 | |
| 31-12-2019 | micro format | 14-05-2020 | 2020-12000396 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52000507 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60800493 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-57900117 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-45500459 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-56600476 | |
| 31-12-2013 | full format | 26-08-2014 | 2014-47600033 | |
| 31-12-2012 | full format | 30-08-2013 | 2013-55100209 | |
| 31-12-2011 | full format | 28-09-2012 | 2012-59700451 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-52400550 | |
| 31-12-2009 | full format | 30-08-2010 | 2010-52900212 | |
| 31-12-2008 | full format | 27-08-2009 | 2009-74200355 | |
| 31-12-2007 | full format | 28-08-2008 | 2008-66600193 | |
| 31-12-2006 | full format | 29-02-2008 | 2008-06300113 | |
| 31-12-2005 | full format | 31-08-2006 | 2006-77100882 | |
| 31-12-2004 | full format | 30-09-2005 | 2005-80802364 | |
| 31-12-2000 | full format | 11-01-2002 | 2002-01105250 |
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -10,547 | - | - | - | 17,218 | 14,342 | -2,120 | 2,727 | 3,209 | 2,891 | 529 | -1,742 | 806 | -1,602 | -2,704 | 6,330 | 4,827 | 2,059 | ||
| -10,410 | - | - | - | 17,116 | 14,260 | -2,293 | 1,854 | 2,411 | 2,761 | 283 | -2,029 | 348 | -1,811 | -3,155 | 3,541 | 3,888 | 1,943 | ||
| 2,660 | - | - | - | 0 | 0 | 1,074 | 636 | 2,538 | 519 | 2,035 | 334 | 2,819 | 618 | 0 | 991 | 3,821 | 3,677 | ||
| 3,828 | -3,173 | -2,585 | -2,951 | 10,663 | -216 | 464 | - | - | - | -6,302 | 4,306 | - | - | - | - | - | - | ||
| -13,074 | -4 | 6,849 | 4,562 | 15,545 | -1,571 | -15,831 | -12,465 | -13,683 | -13,556 | -15,798 | -14,045 | -11,682 | -9,211 | -5,893 | -6,626 | -6,055 | -9,271 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | -19.0% | -29.8% | 18.9% | 10.2% | - | ||
| -76.7% | 0.0% | 63.7% | 26.7% | 25.1% | -1.6% | -85.1% | -66.6% | -85.8% | -103.4% | -134.6% | -112.0% | -71.3% | -90.2% | -72.0% | -39.6% | -41.8% | -62.1% | ||
| 0.51 | 1.00 | 2.75 | 1.36 | 1.34 | 0.97 | 0.47 | 0.51 | 0.41 | 0.43 | 0.33 | 0.39 | 0.47 | 0.49 | 0.50 | 0.39 | 0.48 | 0.39 | ||
| - | - | 0.57 | 2.75 | 2.98 | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | 33.4% | -240.8% | 105.5% | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -76.7% | -83.6% | 21.3% | -64.2% | 26.5% | 25.0% | -22.3% | 2.9% | 11.4% | 12.0% | -12.0% | -27.4% | -5.8% | -34.1% | -71.1% | 16.7% | 13.8% | 3.0% | ||
| -75.84 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 200 days | 127 days | 65 days | 40 days | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 17 days | 124 days | 41 days | 28 days | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | €2,660 | - | - |
| €1,079 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
The operating result for 2023 is a loss of €11,626, larger than the loss of €6,728 in 2022. It is the lowest result since 2006.
Equity is negative. Debt (€26,480) exceeds the balance-sheet total (€14,987).
GHOST has no parent and no holdings in its annual accounts. is the only director.
| Agnews
registered office since 03-03-2023 · founded in 2023 |
2.8 FTE (2025) 0799.165.380 |
| Gillis Goldman Fine Art
registered office since 07-07-2005 · founded in 2005 |
total assets €770,308 (2025) 0875.221.397 |
| MAMIMMO
registered office since 01-07-1987 · founded in 1987 |
total assets €243,036 (2025) 0431.991.577 |
| PERSPECTIVE BLUE
registered office since 17-02-2021 · founded in 2021 · accounts filed late |
total assets €200,330 (2024) 0763.755.234 |
| VADEQ
registered office since 19-12-2002 · founded in 2002 |
total assets €183,431 (2025) 0479.120.711 |
| SPELLA
establishment since 18-12-2014 · founded in 2014 · negative equity (2025) |
total assets €93,517 (2025) 0507.639.897 |
| Herinckx, Geneviève (sole trader)
establishment since 01-07-2019 |
founded in 2013 0850.849.158 |
via , at GHOST until 2021 · Secretary · deed of 09-08-2016 |
founded in 2016 |
The network starts from the earlier ties.
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 |
|---|---|---|
| Paul Emile Jansonstraat 11 registered office 1050 Ixelles | ||
| Roze Hoevelaan 7 1180 Uccle 70200 Business and other management consultancy | 01-01-2021 | 2.319.514.775 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21618B0439/00G000 | 6,382 m² | 1 · 485 m² | 25.8 m · 8 |
| 21447B0210/00T000 | 144 m² | 1 · 105 m² | 21.7 m · 6 |
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