HOWBIZAAR
ActiveSummary
HOWBIZAAR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,821 and a net result of €35,019. Equity is shrinking by ~58.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 32% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+97
Solvency55▲+38
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.47 in 2024; short-term debt: 59% and cash: 22.8% of total assets), and 69.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.3%
Return on assets
35.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
on the day
2021
2 d early
2020
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 1 day 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€29,821
2024 · -€5,198
Total assets
€98,335▲ 44.1%
2024 · €68,222
Net result
€35,019
2024 · -€8,761
Working capital
-€8,147▲ 79.1%
2024 · -€39,034
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,578-€18,080▲ 29.3%-€18,267▼ 1.0%-€8,539▲ 53.3%€35,450
Net result-€24,251below the sector's middle half-€18,430below the sector's middle half▲ 24.0%-€18,654below the sector's middle half▼ 1.2%-€8,761below the sector's middle half▲ 53.0%€35,019within the sector's middle half
Equity€40,647within the sector's middle half▼ 37.4%€22,217within the sector's middle half▼ 45.3%€3,563below the sector's middle half▼ 84.0%-€5,198below the sector's middle half€29,821within the sector's middle half
Total assets€86,543within the sector's middle half▼ 36.3%€70,350within the sector's middle half▼ 18.7%€64,493within the sector's middle half▼ 8.3%€68,222within the sector's middle half▲ 5.8%€98,335within the sector's middle half▲ 44.1%
Debt€45,896▼ 35.2%€48,133▲ 4.9%€60,930▲ 26.6%€73,420▲ 20.5%€68,514▼ 6.7%
Working capital-€10,887below the sector's middle half-€22,453below the sector's middle half▼ 106%-€34,966below the sector's middle half▼ 55.7%-€39,034below the sector's middle half▼ 11.6%-€8,147below the sector's middle half▲ 79.1%
Solvency47.0%within the sector's middle half▼ 0.8pp31.6%within the sector's middle half▼ 15.4pp5.5%below the sector's middle half▼ 26.1pp-7.6%below the sector's middle half▼ 13.1pp30.3%within the sector's middle half▲ 37.9pp
Current ratio0.76below the sector's middle half▼ 1.090.53below the sector's middle half▼ 0.230.43below the sector's middle half▼ 0.110.47below the sector's middle half▲ 0.040.86below the sector's middle half▲ 0.39
Return on assets (ROA)-28.0%below the sector's middle half▼ 66.7pp-26.2%below the sector's middle half▲ 1.8pp-28.9%below the sector's middle half▼ 2.7pp-12.8%below the sector's middle half▲ 16.1pp35.6%above the sector's middle half▲ 48.5pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,450 after a loss of €8,539 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,335
Fixed assets
€48,479 ▲ 43.3%
Current assets
€49,856 ▲ 45.0%
Equity and liabilities €98,335
Equity
€29,821
Debt
€68,514
Debt finances 69.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,018▲
2024 · -€2,633
Cash flow
€41,587▲
2024 · -€2,855
Debt to equity
2.30▲
2024 · -14.12
ROE
117.4%
Interest coverage
97.49▲
2024 · -11.81
Debt ≤ 1 year
€58,003▼
2024 · €73,420
Debt > 1 year
€10,511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,610 | €10,425 | €6,141 | €5,906 | €6,568 | ▲ 11.2% |
| Other operating charges640/8 | - | €772 | €786 | €987 | €1,039 | ▲ 5.3% |
| Gross operating margin9900 | -€22,090 | -€6,883 | -€11,340 | -€1,646 | €43,057 | ▲ 2,716% |
| Operating profit (loss)9901 | -€25,578 | -€18,080 | -€18,267 | -€8,539 | €35,450 | ▲ 515% |
| Financial income75/76B | - | - | €2 | €1 | - | - |
| Recurring financial income75 | €21 | - | €2 | €1 | - | - |
| Financial charges65/66B | - | €350 | €389 | €223 | €431 | ▲ 93.3% |
| Recurring financial charges65 | €375 | €350 | €389 | €223 | €431 | ▲ 93.3% |
| Profit (loss) for the period before taxes9903 | -€25,932 | -€18,430 | -€18,654 | -€8,761 | €35,019 | ▲ 500% |
| Income taxes67/77 | -€1,681 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€24,251 | -€18,430 | -€18,654 | -€8,761 | €35,019 | ▲ 500% |
| Profit (loss) for the period to be appropriated9905 | -€24,251 | -€18,430 | -€18,654 | -€8,761 | €35,019 | ▲ 500% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86,543 | €70,350 | €64,493 | €68,222 | €98,335 | ▲ 44.1% |
| Fixed assets21/28 | €51,534 | €44,670 | €38,529 | €33,836 | €48,479 | ▲ 43.3% |
| Tangible fixed assets22/27 | €51,534 | €44,670 | €38,529 | €33,836 | €48,479 | ▲ 43.3% |
| Land and buildings22 | - | €41,853 | €36,591 | €31,328 | €26,066 | ▼ 16.8% |
| Plant, machinery and equipment23 | - | €603 | €443 | €644 | €400 | ▼ 37.9% |
| Furniture and vehicles24 | - | €2,214 | €1,495 | €1,864 | €22,013 | ▲ 1,081% |
| Current assets29/58 | €35,009 | €25,680 | €25,964 | €34,386 | €49,856 | ▲ 45.0% |
| Amounts receivable within one year40/41 | €23,965 | €7,831 | €14,450 | €18,408 | €26,544 | ▲ 44.2% |
| Trade receivables40 | - | €7,831 | €14,450 | €18,408 | €26,544 | ▲ 44.2% |
| Cash at bank and in hand54/58 | €10,451 | €17,844 | €10,921 | €15,211 | €22,418 | ▲ 47.4% |
| Deferred charges and accrued income490/1 | - | €5 | €593 | €767 | €894 | ▲ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86,543 | €70,350 | €64,493 | €68,222 | €98,335 | ▲ 44.1% |
| Equity10/15 | €40,647 | €22,217 | €3,563 | -€5,198 | €29,821 | ▲ 674% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €52,498 | €52,498 | €52,498 | €52,498 | €52,498 | = |
| Distributable reserves133 | - | €52,498 | €52,498 | €52,498 | €52,498 | = |
| Profit (loss) carried forward14 | -€24,251 | -€42,681 | -€61,335 | -€70,096 | -€35,077 | ▲ 50.0% |
| Amounts payable17/49 | €45,896 | €48,133 | €60,930 | €73,420 | €68,514 | ▼ 6.7% |
| Amounts payable after more than one year17 | - | - | - | - | €10,511 | - |
| Financial debts170/4 | - | - | - | - | €10,511 | - |
| Amounts payable within one year42/48 | €45,896 | €48,133 | €60,930 | €73,420 | €58,003 | ▼ 21.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,604 | - |
| Trade debts44 | €775 | €2,712 | €2,285 | €5,620 | €6,271 | ▲ 11.6% |
| Suppliers440/4 | - | €2,712 | €2,285 | €5,620 | €6,271 | ▲ 11.6% |
| Taxes, remuneration and social security45 | - | €3,700 | €1,581 | €11,565 | €1,225 | ▼ 89.4% |
| Taxes450/3 | - | €2,050 | €1,581 | €1,665 | €1,225 | ▼ 26.4% |
| Remuneration and social security454/9 | - | €1,650 | - | €9,900 | - | - |
| Other amounts payable47/48 | - | €41,721 | €57,064 | €56,235 | €46,903 | ▼ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,251 | -€18,430 | -€18,654 | -€8,761 | €35,019 | ▲ 500% |
| + Depreciation and write-downs630 | €3,610 | €10,425 | €6,141 | €5,906 | €6,568 | ▲ 11.2% |
| Operating cash flow (approximation) | -€20,641 | -€8,005 | -€12,513 | -€2,855 | €41,587 | ▲ 1,557% |
| Investment in fixed assets (approximation) | - | -€3,561 | €0 | -€1,213 | -€21,211 | ▼ 1,649% |
| Change in cash | - | €7,393 | -€6,923 | €4,290 | €7,207 | ▲ 68.0% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €35,019
Net result €35,019 after 4 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€24,251
Net result drops to -€24,251, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Sint-Martens-Latem · 1 establishment unit since 2019
Ground area
281 m²
Building footprint
80 m²
Volume, LiDAR
419 m³
Parcel 44064B0312/00T002, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HOWBIZAAR
since 20192.285.029.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0312/00T002 | Flanders | 281 m² | 1 · 80 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 9,851 companies in sector 73110 we hold annual accounts for 3,759. 2,823 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
Founded16-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
73300Public relations and communication consultancy
74120Graphic design and visual communication
74130Interior design
E-invoicing
Reachable via Peppol
Peppol ID
0208:0718744264
Also
9925:BE0718744264
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.