HEADBOX
ActiveSummary
HEADBOX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-515) and a net result of €53k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency24▲+24
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 0.44 in 2024; short-term debt: 100.6% and cash: 17.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four 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
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 2025Solvency, return and age of the figures
Solvency
-0.7%
Return on assets
67.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
47 d early
2023
34 d late
2022
71 d late
2021
92 d late
2020
209 d late
2019
574 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-515▲ 99.0%
2024 · €-54k
2018: €65khighest in 8 years
2019: €16k▼ -75.3% vs 2018
2020: €12k▼ -25.7% vs 2019
2021: €-4k▼ -130% vs 2020
2022: €-12k▼ -220% vs 2021
2023: €-70k▼ -507% vs 2022lowest in 8 years
2024: €-54k▲ +23.4% vs 2023
2025: €-515▲ +99.0% vs 2024
2018 → 2025
Total assets
€79k▲ 75.3%
2024 · €45k
2018: €128k
2019: €117k▼ -8.3% vs 2018
2020: €125k▲ +6.5% vs 2019
2021: €143k▲ +15.0% vs 2020highest in 8 years
2022: €143k▼ -0.4% vs 2021
2023: €16k▼ -88.8% vs 2022lowest in 8 years
2024: €45k▲ +181% vs 2023
2025: €79k▲ +75.3% vs 2024
2018 → 2025
Net result
€53k▲ 224%
2024 · €16k
2018: €19k
2019: €16k▼ -14.0% vs 2018
2020: €-4k▼ -125% vs 2019
2021: €-15k▼ -277% vs 2020
2022: €-8k▲ +48.9% vs 2021
2023: €-58k▼ -638% vs 2022lowest in 8 years
2024: €16k▲ +128% vs 2023
2025: €53k▲ +224% vs 2024highest in 8 years
2018 → 2025
Working capital
€-9k▲ 84.0%
2024 · €-55k
2018: €27khighest in 8 years
2019: €-56k▼ -310% vs 2018
2020: €-59k▼ -4.2% vs 2019
2021: €-74k▼ -25.8% vs 2020
2022: €-85k▼ -15.6% vs 2021lowest in 8 years
2023: €-73k▲ +14.0% vs 2022
2024: €-55k▲ +24.6% vs 2023
2025: €-9k▲ +84.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€-12k▼ 220%€-70k▼ 507%€-54k▲ 23.4%€-515▲ 99.0%
2021: €-4k
2022: €-12k▼ -220% vs 2021
2023: €-70k▼ -507% vs 2022lowest in 5 years
2024: €-54k▲ +23.4% vs 2023
2025: €-515▲ +99.0% vs 2024highest in 5 years
Operating result€-15k-€-11k▲ 22.9%€-58k▼ 413%€19k€63k▲ 241%
2021: €-15k
2022: €-11k▲ +22.9% vs 2021
2023: €-58k▼ -413% vs 2022lowest in 5 years
2024: €19k▲ +132% vs 2023
2025: €63k▲ +241% vs 2024highest in 5 years
Net result€-15k-€-8k▲ 48.9%€-58k▼ 638%€16k€53k▲ 224%
2021: €-15k
2022: €-8k▲ +48.9% vs 2021
2023: €-58k▼ -638% vs 2022lowest in 5 years
2024: €16k▲ +128% vs 2023
2025: €53k▲ +224% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 241% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€8k ▲ 357%
Current assets
€70k ▲ 63.3%
Key figures and ratios
EBITDA
€66k▲
2024 · €20k
Cash flow
€55k▲
2024 · €18k
Solvency
-0.7%▲
2024 · -119.1%
Current ratio
0.89▲
2024 · 0.44
ROA
67.2%▲
2024 · 36.3%
Interest coverage
65.51▲
2024 · 8.89
Debt
€79k▼
2024 · €99k
Debt ≤ 1 year
€79k▼
2024 · €98k
Income taxes
€9k▲
2024 · €271
Equity ratios withheld: equity of €-515 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€79k▲
Fixed assets21/28€2k€8k▲
Tangible fixed assets22/27€2k€8k▲
Furniture and vehicles24€1k€8k▲
Other tangible fixed assets26€805€403▼
Current assets29/58€43k€70k▲
Amounts receivable within one year40/41€26k€56k▲
Trade receivables40€16k€46k▲
Other amounts receivable41€10k€9k▼
Cash at bank and in hand54/58€12k€14k▲
Deferred charges and accrued income490/1€5k€728▼
Equity and liabilities
Total equity and liabilities10/49€45k€79k▲
Equity10/15€-54k€-515▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-72k€-19k▲
Amounts payable17/49€99k€79k▼
Amounts payable within one year42/48€98k€79k▼
Financial debts43€3k€1k▼
Credit institutions430/8€3k€1k▼
Trade debts44€43k€44k▲
Suppliers440/4€43k€44k▲
Taxes, remuneration and social security45€3k€26k▲
Taxes450/3€3k€26k▲
Other amounts payable47/48€50k€8k▼
Accrued charges and deferred income492/3€49€73▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€463€29k▲
Non-recurring operating charges66A€878-
Gross operating margin9900€22k€95k▲
Operating profit (loss)9901€19k€63k▲
Financial income75/76B€316€15▼
Recurring financial income75€316€15▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€17k€62k▲
Income taxes67/77€271€9k▲
Profit (loss) for the period9904€16k€53k▲
Profit (loss) for the period to be appropriated9905€16k€53k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€-19k▲
Profit (loss) brought forward from the previous period14P€-90k€-72k▲
Transfer from equity791/2€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €338 | - | €1k | €2k | €2k | ▲ 34.5% |
| Other operating charges640/8 | €515 | - | €4k | €463 | €29k | ▲ 6,204% |
| Non-recurring operating charges66A | - | - | €2k | €878 | - | - |
| Gross operating margin9900 | €-14k | €-11k | €-52k | €22k | €95k | ▲ 340% |
| Operating profit (loss)9901 | €-15k | €-11k | €-58k | €19k | €63k | ▲ 241% |
| Financial income75/76B | €329 | €4k | - | €316 | €15 | ▼ 95.4% |
| Recurring financial income75 | €329 | €4k | - | €316 | €15 | ▼ 95.4% |
| Financial charges65/66B | €877 | €198 | €447 | €2k | €1k | ▼ 55.9% |
| Recurring financial charges65 | €877 | €198 | €447 | €2k | €1k | ▼ 55.9% |
| Profit (loss) for the period before taxes9903 | €-15k | €-8k | €-59k | €17k | €62k | ▲ 276% |
| Income taxes67/77 | €146 | - | €-515 | €271 | €9k | ▲ 3,362% |
| Profit (loss) for the period9904 | €-15k | €-8k | €-58k | €16k | €53k | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €-8k | €-58k | €16k | €53k | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €143k | €143k | €16k | €45k | €79k | ▲ 75.3% |
| Fixed assets21/28 | €70k | €74k | €3k | €2k | €8k | ▲ 357% |
| Tangible fixed assets22/27 | €70k | €74k | €3k | €2k | €8k | ▲ 357% |
| Furniture and vehicles24 | €175 | €2k | €2k | €1k | €8k | ▲ 675% |
| Other tangible fixed assets26 | €3 | €2k | €1k | €805 | €403 | ▼ 50.0% |
| Assets under construction and advance payments27 | €70k | €70k | - | - | - | - |
| Current assets29/58 | €73k | €69k | €13k | €43k | €70k | ▲ 63.3% |
| Stocks and contracts in progress3 | €3k | - | - | - | - | - |
| Stocks30/36 | €3k | - | - | - | - | - |
| Amounts receivable within one year40/41 | €69k | €67k | €13k | €26k | €56k | ▲ 116% |
| Trade receivables40 | €10k | €12k | €3k | €16k | €46k | ▲ 192% |
| Other amounts receivable41 | €59k | €55k | €10k | €10k | €9k | ▼ 5.1% |
| Cash at bank and in hand54/58 | €558 | €1k | - | €12k | €14k | ▲ 17.7% |
| Deferred charges and accrued income490/1 | €500 | €500 | - | €5k | €728 | ▼ 86.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €143k | €143k | €16k | €45k | €79k | ▲ 75.3% |
| Equity10/15 | €-4k | €-12k | €-70k | €-54k | €-515 | ▲ 99.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Other1319 | - | - | €2k | - | - | - |
| Profit (loss) carried forward14 | €-24k | €-32k | €-90k | €-72k | €-19k | ▲ 73.5% |
| Amounts payable17/49 | €147k | €154k | €86k | €99k | €79k | ▼ 19.4% |
| Amounts payable within one year42/48 | €147k | €154k | €86k | €98k | €79k | ▼ 19.5% |
| Financial debts43 | - | - | €2k | €3k | €1k | ▼ 58.1% |
| Credit institutions430/8 | - | - | €2k | €3k | €1k | ▼ 58.1% |
| Trade debts44 | €7k | €15k | €12k | €43k | €44k | ▲ 2.3% |
| Suppliers440/4 | €7k | €15k | €12k | €43k | €44k | ▲ 2.3% |
| Advances received on contracts in progress46 | €73k | €73k | - | - | - | - |
| Taxes, remuneration and social security45 | €2k | €706 | €2k | €3k | €26k | ▲ 880% |
| Taxes450/3 | €2k | €706 | €2k | €3k | €26k | ▲ 880% |
| Other amounts payable47/48 | €65k | €65k | €69k | €50k | €8k | ▼ 83.7% |
| Accrued charges and deferred income492/3 | - | - | - | €49 | €73 | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €-8k | €-58k | €16k | €53k | ▲ 224% |
| + Depreciation and write-downs630 | €338 | - | €1k | €2k | €2k | ▲ 34.5% |
| Operating cash flow (approximation) | €-15k | €-8k | €-57k | €18k | €55k | ▲ 207% |
| Investment in fixed assets (approximation) | - | €-4k | €69k | €0 | €-9k | - |
| Change in cash | - | €699 | - | - | €2k | - |
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
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €53k ▲224%
Operating result €63k, net result €53k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after 4 loss-making years.
03-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 34 days late
2023
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 209 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 574 days late
2019
12-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 73 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Zaventem · 1 establishment unit since 2004
Ground area
1.0 ha
Building footprint
1,857 m²
Volume, LiDAR
60,495 m³
2 parcels, Flanders · tallest building 45.7 m, ±14 floors. Linked by address, not a title deed.
215
companies at this address
See who is registered here
1 establishment unit
HEADBOX
since 20042.139.318.469
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0111/00M002 | Flanders | 8,965 m² | 1 · 1,730 m² | 45.7 m · 14 fl. |
| 23066A0143/00Y003 | Flanders | 1,099 m² | 1 · 127 m² | - |
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 3,753. 2,216 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 (pre-2019)
Founded11-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.