IMAGE-ZONE
ActiveIMAGE-ZONE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-139k) and a net result of €-15k. Equity is shrinking by ~47.2% per year across the filed fiscal years. Its solvency ranks better than 7% of 3478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.63 against 1.41 in 2024; short-term debt: 18.2% and cash: 1.2% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
-94.4%
Return on assets
-10.4%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-139k
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
42 d early
2023
75 d late
2022
29 d late
2021
11 d late
2020
24 d late
2019
14 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-139k▼ 12.3%
2024 · €-124k
2018: €18k
2019: €7k
2020: €-20k
2021: €-42k
2022: €-60k
2023: €-103k
2024: €-124k
2018 → 2025
Total assets
€147k▼ 12.2%
2024 · €167k
2018: €250k
2019: €217k
2020: €188k
2021: €157k
2022: €181k
2023: €168k
2024: €167k
2018 → 2025
Net result
€-15k▲ 24.8%
2024 · €-20k
2018: €1k
2019: €-11k
2020: €-26k
2021: €-22k
2022: €-18k
2023: €-43k
2024: €-20k
2018 → 2025
Working capital
€17k▲ 29.6%
2024 · €13k
2018: €-125k
2019: €-153k
2020: €-156k
2021: €-162k
2022: €-97k
2023: €12k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-42k-€-60k▼ 44.1%€-103k▼ 72.2%€-124k▼ 19.6%€-139k▼ 12.3%
Operating result€-22k-€-18k▲ 17.0%€-43k▼ 141%€-20k▲ 53.3%€-15k▲ 27.3%
Net result€-22k-€-18k▲ 16.3%€-43k▼ 136%€-20k▲ 53.2%€-15k▲ 24.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147k
Fixed assets
€103k▼ 15.6%
Current assets
€44k▼ 2.9%
Key figures and ratios
EBITDA
€6k▲
2024 · €678
Cash flow
€5k▲
2024 · €615
Solvency
-94.4%▼
2024 · -73.8%
Current ratio
1.63▲
2024 · 1.41
Quick ratio
1.63▲
2024 · 1.41
Debt / equity
-2.06▲
2024 · -2.36
ROA
-10.4%▲
2024 · -12.1%
Interest coverage
10.30▲
2024 · 10.06
Debt
€286k▼
2024 · €291k
Debt ≤ 1 year
€27k▼
2024 · €32k
Debt > 1 year
€259k=
2024 · €259k
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€167k€147k▼
Fixed assets21/28€122k€103k▼
Tangible fixed assets22/27€122k€103k▼
Land and buildings22€61k€56k▼
Plant, machinery and equipment23€6k€3k▼
Furniture and vehicles24€33k€23k▼
Assets under construction and advance payments27€22k€22k=
Current assets29/58€45k€44k▼
Amounts receivable within one year40/41€43k€41k▼
Trade receivables40€37k€40k▲
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€258€2k▲
Deferred charges and accrued income490/1€2k€871▼
Equity and liabilities
Total equity and liabilities10/49€167k€147k▼
Equity10/15€-124k€-139k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-142k€-157k▼
Amounts payable17/49€291k€286k▼
Amounts payable after more than one year17€259k€259k=
Financial debts170/4€259k€259k=
Amounts payable within one year42/48€32k€27k▼
Trade debts44€13k€10k▼
Suppliers440/4€13k€10k▼
Other amounts payable47/48€19k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€1k€997▼
Gross operating margin9900€2k€7k▲
Operating profit (loss)9901€-20k€-15k▲
Financial income75/76B€4-
Recurring financial income75€4-
Financial charges65/66B€67€554▲
Recurring financial charges65€67€554▲
Profit (loss) for the period before taxes9903€-20k€-15k▲
Profit (loss) for the period9904€-20k€-15k▲
Profit (loss) for the period to be appropriated9905€-20k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-144k€-157k▼
Profit (loss) brought forward from the previous period14P€-124k€-142k▼
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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.55
Current ratio from 0.31 to 1.55; short-term debt falls from €141k to €21k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Leuven · 1 establishment unit since 2013
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.
Naamsestraat 1323000 LeuvenGround area
583 m²
Building footprint
364 m²
Volume, LiDAR
2,338 m³
Parcel 24504D0965/00V000, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMAGE-ZONE
since 20132.303.367.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504D0965/00V000 | Flanders | 583 m² | 1 · 364 m² | 13.2 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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ARCHITECTENVENNOOTSCHAP YVES LUYCKX
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VAN DEN ABBEELE & GONZALEZ, ARCHITECTEN
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Of 14,143 companies in sector 74201 we hold annual accounts for 2,612. 934 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-2013
Fiscal year end31-12
Activities, NACEBEL
74201Photography, excluding press photography
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.