IFREQ
ActiveThe file of IFREQ contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.2% (very low). The 2025 annual accounts show equity of €747,033 and a net result of -€212,100. Equity is growing by about 1243% per year across the filed financial years. Its solvency ranks better than 63% of 2,071 sector peers (NACE 73, financial year 2025).
Overview
- Staff
- 3 FTE
- Equity
- €747,033
- Loss
- -€212,100
Why 89raises riskLoss of €212,100, the second in a row (financial year 2025)Last filed accounts filed 61 days late; 3 of the last 3 latelowers riskLiquidity: current ratio 1.93, cash €973,860Sector: Advertising, market research and public relations activities (NACE 73)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 58% on solvency, 73% on liquidity, 6% on profitability and 99% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 69 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Appointment: Najoua Assaidi (day-to-day manager)Gazette deed
- Annual accounts filedfinancial year 2025 · abbreviated…
- Bankruptcy reversalEnterprise Court of Brussels ·…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00541454.
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €211,211 in 2025 against €9,269 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
- 2025 Net result -1,894% on 2024. The accounts now follow the abbreviated format, last year the micro format.
- 2025 Total assets +6,378% on 2024. Capital increase of €1,435,000 (Official Gazette 10-11-2025).
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 3,223 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €105,488 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,958 | €616 | €29,682 | ▲ 48× |
| Other operating charges640/8 | €16,023 | €387 | €2,241 | ▲ 479% |
| Gross operating margin9900 | -€2,049 | -€8,265 | -€73,800 | ▼ 793% |
| Operating profit (loss)9901 | -€20,029 | -€9,269 | -€211,211 | ▼ 2,179% |
| Financial income75/76B | - | €23 | €0 | ▼ 98.6% |
| Recurring financial income75 | - | €23 | €0 | ▼ 98.6% |
| Financial charges65/66B | €1,200 | €1,392 | €889 | ▼ 36.1% |
| Recurring financial charges65 | €1,200 | €1,392 | €889 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | -€21,229 | -€10,637 | -€212,100 | ▼ 1,894% |
| Profit (loss) for the period9904 | -€21,229 | -€10,637 | -€212,100 | ▼ 1,894% |
| Profit (loss) for the period to be appropriated9905 | -€21,229 | -€10,637 | -€212,100 | ▼ 1,894% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.006m | €0.02m | €1.3m | ▲ 65× |
| Fixed assets21/28 | €0.001m | €492 | €0.3m | ▲ 564× |
| Intangible fixed assets21 | - | - | €0.3m | - |
| Tangible fixed assets22/27 | €0.001m | €492 | €0.01m | ▲ 28× |
| Plant, machinery and equipment23 | - | - | €0.002m | - |
| Furniture and vehicles24 | €0.001m | €492 | €0.01m | ▲ 23× |
| Current assets29/58 | €0.005m | €0.02m | €1.0m | ▲ 52× |
| Amounts receivable within one year40/41 | €0.005m | €0.005m | - | - |
| Other amounts receivable41 | €0.005m | €0.005m | - | - |
| Cash at bank and in hand54/58 | - | €0.01m | €1.0m | ▲ 71× |
| Deferred charges and accrued income490/1 | - | - | €0.001m | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.006m | €0.02m | €1.3m | ▲ 65× |
| Equity10/15 | -€0.02m | -€0.03m | €0.7m | - |
| Contributions10/11 | €0.001m | €0.001m | €1.0m | ▲ 991× |
| Contributions outside capital11 | €0.001m | €0.001m | €1.0m | ▲ 991× |
| Other1109/19 | €0.001m | €0.001m | €1.0m | ▲ 991× |
| Profit (loss) carried forward14 | -€0.02m | -€0.03m | -€0.2m | ▼ 666% |
| Amounts payable17/49 | €0.03m | €0.05m | €0.5m | ▲ 906% |
| Amounts payable after more than one year17 | €0.006m | - | - | - |
| Financial debts170/4 | €0.006m | - | - | - |
| Amounts payable within one year42/48 | €0.02m | €0.05m | €0.5m | ▲ 904% |
| Current portion of amounts payable after more than one year42 | €0.01m | €0.006m | - | - |
| Financial debts43 | €0 | - | - | - |
| Credit institutions430/8 | €0 | - | - | - |
| Trade debts44 | €0.001m | €0.002m | €0.07m | ▲ 34× |
| Suppliers440/4 | €0.001m | €0.002m | €0.07m | ▲ 34× |
| Advances received on contracts in progress46 | - | - | €0.004m | - |
| Taxes, remuneration and social security45 | - | - | €0.06m | - |
| Taxes450/3 | - | - | €0.06m | - |
| Other amounts payable47/48 | €0.009m | €0.04m | €0.4m | ▲ 771% |
| Accrued charges and deferred income492/3 | - | - | €0.001m | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,229 | -€10,637 | -€212,100 | ▼ 1,894% |
| + Depreciation and write-downs630 | €1,958 | €616 | €29,682 | ▲ 48× |
| Operating cash flow (approximation) | -€19,272 | -€10,021 | -€182,418 | ▼ 1,720% |
| Investment in fixed assets (approximation) | - | €0 | -€306,356 | - |
| Change in cash | - | - | €960,231 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00541454 |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00524583 |
| 31-12-2023 | micro format | 26-10-2024 | 2024-00523818 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| ROUVEZ Frédéric |
|
| Najoua Assaidi |
|
| Kevin Jordan ATHEBA |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Anthony Van der Hauwaert Keizer Karel- Laan 586 Bus 9, 1082 Sint-Agatha-Berchem |
07-07-2026 → 28-07-2026 |
Owners and capital
Capital and shareholders
- 10-11-2025 Capital increase of €1,435,000 · 1,808 new shares · in cash
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-10
Gazette deed
Appointment: Najoua Assaidi (day-to-day manager)2 facts ▸
- Director appointment, Najoua Assaidi (day-to-day manager)
- Director in office, KIGALUX (director)
17-07
Gazette deed
MiscellaneousFinancial instrument · Capital increase · Power of attorney9 facts ▸
- General meeting, 14-07-2026
- Other provision, “eenparigheid van stemmen, vrijstelling voorlezing bestuursverslagen” (deed in Dutch)
- Other provision, “ontvangst en kennisname bestuursverslagen, Elke aandeelhouder” (deed in Dutch)
- Financial instrument, 1000, “issue” (deed in Dutch)
- Other provision, “uitgifte Warrants ESOP en daaruit resulterende aandelen bij uitoefening, verzaking voorkeurrecht” (deed in Dutch)
- Other provision, “kennis en onherroepelijke verzaking, Elke aandeelhouder” (deed in Dutch)
- Capital increase
- Power of attorney
- Other provision, “aflevering uitgiften en uittreksels vóór registratie, neerlegging ter Griffie ondernemingsrechtbank” (deed in Dutch)
10-11
Gazette deed
Appointment: ROUVEZ Frédéric (director)Permanent representative: de LIEDEKERKE Philippe-Alexandre · Capital · Kind of shares22 facts ▸
- General meeting, 04-11-2025
- Other provision, “kennisname van de verslaggeving, EERSTE BESLISSING” (deed in Dutch)
- Other provision, “aandelensplitsing”, 8192 (deed in Dutch)
- Capital (2 times)
- Kind of shares
- Other provision, “verzaking aan het opstellen van de uitgifteverslaggeving” (deed in Dutch)
- Capital increase, €1,435,000
- Other provision, “afstand van het voorkeurrecht” (deed in Dutch)
- Capital contribution
- Other provision, “vaststelling van de verwezenlijking van de bijkomende inbreng” (deed in Dutch)
- Financial instrument, 630, “issue” (deed in Dutch)
- Financial instrument, subscription, “inschrijvingsrechten” (deed in Dutch)
- +10 further facts in this act
11-03
Gazette deed
Resignation: Kevin Jordan ATHEBA (director)2 facts ▸
- General meeting, 25-09-2022
- Director resignation, Kevin Jordan ATHEBA (director)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 4 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23094A0274/00T007indicative | Flanders | 1,032 m² | 1 · 713 m² | 15.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Persoonlijke, online via sites en/of applicaties voorziening: Training, advies en coaching, persoonlijke ontwikkeling, coaching afvallen…” (deed in Dutch)
6 activities (deed in Dutch)
- Persoonlijke, online via sites en/of applicaties voorziening: Training, advies en coaching, persoonlijke ontwikkeling, coaching afvallen, gezonde voeding, trainingsprogramma, stressmanagement, motivatiegids, gedragsveranderingen, balans van het leven, sport, scholing;
- Onderwijs en opleiding in alle vormen van coaching, de organisatie van evenementen, seminaries, conferenties, colloques, teambuilding; in direct of indirect verband met zijn voorwerp;
- Het opzetten, organiseren en bevorderen van sportevenementen, alsmede alle commerciële en administratieve activiteiten in verband met bovengenoemde activiteiten;
- De handel in al haar vormen, met name in-, uitvoer-, aankoop- en groothandel of detailhandel, vervoer, verhuur, vertegenwoordiging en makelarij, promotie en installatie; alsmede de vervaardiging en verwerking van alle goederen en producten in de breedste zin van het woord, en in het bijzonder van derivaten met een directe of indirecte relatie tot het voorwerp ervan;
- Alle marketingstudies, expertise en advies op het gebied van coaching, en meer in het bijzonder op het gebied van sportcoaching;
- De organisatie en bevordering van alle sociaal-culturele activiteiten, het ontwerpen en uitvoeren van reclame- of marketingcampagnes in verband met zijn voorwerp.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IFREQ
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur; bij gebrek aan bepaling van de duurtijd geacht van onbepaalde duur te zijn, 6” (deed in Dutch)“Alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp, behalve deze die de wet of de statuten aan de…” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Elk aandeel recht geeft op een gelijk aandeel in de winstverdeling, er worden geen dividenden uitgekeerd door de vennootschap, tenzij een…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of May at 18:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering, evenwel zonder te kunnen deelnemen aan…” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Gewone meerderheid van de uitgebrachte stemmen, onder voorbehoud van de wettelijke bepalingen betreffende de aandelen zonder stemrecht” (deed in Dutch)