GLOSSY
ActiveGLOSSY has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €-24k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-72
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 10.17 against 11.86 in 2024; short-term debt: 6.5% and cash: 65.2% of total assets), and 6.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
29 d late
2023
20 d early
2022
31 d late
2021
16 d late
2020
19 d late
2019
14 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€165k▼ 12.5%
2024 · €189k
2018: €100k
2019: €88k
2020: €113k
2021: €149k
2022: €167k
2023: €180k
2024: €189k
2018 → 2025
Total assets
€177k▼ 11.9%
2024 · €201k
2018: €121k
2019: €105k
2020: €140k
2021: €173k
2022: €172k
2023: €183k
2024: €201k
2018 → 2025
Net result
€-24k
2024 · €9k
2018: €3k
2019: €-11k
2020: €25k
2021: €35k
2022: €18k
2023: €13k
2024: €9k
2018 → 2025
Working capital
€105k▼ 17.0%
2024 · €127k
2018: €25k
2019: €17k
2020: €45k
2021: €75k
2022: €97k
2023: €114k
2024: €127k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€167k▲ 12.4%€180k▲ 7.6%€189k▲ 5.1%€165k▼ 12.5%
Operating result€50k-€27k▼ 45.6%€20k▼ 26.4%€15k▼ 25.6%€-24k
Net result€35k-€18k▼ 48.1%€13k▼ 31.1%€9k▼ 27.4%€-24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €24k after €15k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€60k▼ 3.4%
Current assets
€117k▼ 15.7%
Equity and liabilities €177k
Equity
€165k▼ 12.5%
Debt
€11k▼ 1.7%
The debt ratio rises from 5.8% to 6.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-19k▼
2024 · €20k
Cash flow
€-19k▼
2024 · €14k
Solvency
93.5%▼
2024 · 94.2%
Current ratio
10.17▼
2024 · 11.86
Quick ratio
10.17▼
2024 · 11.86
Debt / equity
0.07▲
2024 · 0.06
ROE
-14.3%▼
2024 · 4.9%
ROA
-13.4%▼
2024 · 4.6%
Interest coverage
-114.24▼
2024 · 59.57
Debt
€11k▼
2024 · €12k
Debt ≤ 1 year
€11k▼
2024 · €12k
Income taxes
€211▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€201k€177k▼
Fixed assets21/28€62k€60k▼
Tangible fixed assets22/27€62k€60k▼
Land and buildings22€59k€56k▼
Furniture and vehicles24€3k€4k▲
Current assets29/58€139k€117k▼
Amounts receivable within one year40/41€15k€1k▼
Trade receivables40€2k€605▼
Other amounts receivable41€12k€522▼
Cash at bank and in hand54/58€123k€115k▼
Deferred charges and accrued income490/1€639€488▼
Equity and liabilities
Total equity and liabilities10/49€201k€177k▼
Equity10/15€189k€165k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€175k€151k▼
Amounts payable17/49€12k€11k▼
Amounts payable within one year42/48€12k€11k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€913€692▼
Gross operating margin9900€21k€-19k▼
Operating profit (loss)9901€15k€-24k▼
Financial income75/76B€427€267▼
Recurring financial income75€427€267▼
Financial charges65/66B€331€168▼
Recurring financial charges65€331€168▼
Profit (loss) for the period before taxes9903€15k€-23k▼
Income taxes67/77€6k€211▼
Profit (loss) for the period9904€9k€-24k▼
Profit (loss) for the period to be appropriated9905€9k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€151k▼
Profit (loss) brought forward from the previous period14P€165k€175k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-24k ▼357%
Net result drops to €-24k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 39.96
Current ratio from 19.67 to 39.96; short-term debt falls from €5k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity times 5current ratio 19.67
Current ratio from 4.10 to 19.67; short-term debt falls from €24k to €5k.
31-12
Financial
Equity above €150kEq €167k ▲12.4%
3 profitable years in a row build equity to €167k.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €35k ▲44.4%
Operating result €50k, net result €35k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
31-12
Financial
Equity above €100kEq €113k ▲27.8%
Equity rises from €88k to €113k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jean Van Volsemstraat 521050 ElseneGround area
194 m²
Building footprint
185 m²
Volume, LiDAR
1,418 m³
Parcel 21442A0125/00R004, Brussels · tallest building 15.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GLOSSY
since 20042.136.666.015
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0125/00R004 | Brussels | 194 m² | 1 · 184 m² | 15.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FUNCKE EN CO
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,900 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2004
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
18130Pre-press and pre-media services
22250
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.