IN THE SPOTLIGHTS
ActiveIN THE SPOTLIGHTS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-77. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 54% of 953 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+62
Solvency82▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.32 in 2024; short-term debt: 40.5% and cash: 10.8% of total assets), and 43.1% of the assets are financed with debt.
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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
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
56.9%
Return on assets
-0.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-77
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
65 d early
2023
68 d early
2022
62 d early
2021
54 d early
2020
51 d early
2019
67 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 0.2%
2024 · €45k
2018: €104k
2019: €120k
2020: €131k
2021: €84k
2022: €64k
2023: €53k
2024: €45k
2018 → 2025
Total assets
€79k▲ 15.4%
2024 · €69k
2018: €228k
2019: €230k
2020: €226k
2021: €137k
2022: €108k
2023: €85k
2024: €69k
2018 → 2025
Net result
€-77▲ 98.9%
2024 · €-7k
2018: €25k
2019: €16k
2020: €20k
2021: €-29k
2022: €-19k
2023: €-12k
2024: €-7k
2018 → 2025
Working capital
€-10k▲ 10.6%
2024 · €-11k
2018: €59k
2019: €74k
2020: €78k
2021: €40k
2022: €17k
2023: €1k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€84k-€64k▼ 23.3%€53k▼ 18.2%€45k▼ 13.9%€45k▼ 0.2%
Operating result€-29k-€-19k▲ 35.2%€-11k▲ 42.5%€-6k▲ 40.6%€758
Net result€-29k-€-19k▲ 33.2%€-12k▲ 40.0%€-7k▲ 37.7%€-77▲ 98.9%
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: €758 after a loss of €6k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€57k▼ 9.8%
Current assets
€22k▲ 318%
Equity and liabilities €79k
Equity
€45k▼ 0.2%
Debt
€34k▲ 45.4%
The debt ratio rises from 34.2% to 43.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€7k▲
2024 · €205
Cash flow
€6k▲
2024 · €-749
Solvency
56.9%▼
2024 · 65.8%
Current ratio
0.69▲
2024 · 0.32
Quick ratio
0.69▲
2024 · 0.32
Debt / equity
0.76▲
2024 · 0.52
ROE
-0.2%▲
2024 · -16.1%
ROA
-0.1%▲
2024 · -10.6%
Interest coverage
8.61▲
2024 · 0.21
Debt
€34k▲
2024 · €23k
Debt ≤ 1 year
€32k▲
2024 · €17k
Debt > 1 year
€0▼
2024 · €5k
Income taxes
€27
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€69k€79k▲
Fixed assets21/28€63k€57k▼
Tangible fixed assets22/27€63k€57k▼
Land and buildings22€63k€57k▼
Financial fixed assets28€108€108=
Current assets29/58€5k€22k▲
Amounts receivable within one year40/41-€12k
Trade receivables40-€12k
Cash at bank and in hand54/58€5k€9k▲
Deferred charges and accrued income490/1€398€2k▲
Equity and liabilities
Total equity and liabilities10/49€69k€79k▲
Equity10/15€45k€45k▼
Contributions10/11€2k€2k=
Reserves13€111k€111k=
Distributable reserves133€111k€111k=
Profit (loss) carried forward14€-68k€-68k▼
Amounts payable17/49€23k€34k▲
Amounts payable after more than one year17€5k€0▼
Financial debts170/4€5k€0▼
Amounts payable within one year42/48€17k€32k▲
Current portion of amounts payable after more than one year42€12k€5k▼
Trade debts44€110€1k▲
Suppliers440/4€110€1k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48€5k€20k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€5k€5k▲
Gross operating margin9900€5k€12k▲
Operating profit (loss)9901€-6k€758▲
Financial charges65/66B€954€807▼
Recurring financial charges65€954€807▼
Profit (loss) for the period before taxes9903€-7k€-49▲
Income taxes67/77-€27
Profit (loss) for the period9904€-7k€-77▲
Profit (loss) for the period to be appropriated9905€-7k€-77▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-68k▼
Profit (loss) brought forward from the previous period14P€-60k€-68k▼
The notes to these accounts (10 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-29k ▼249%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Bertem · 1 establishment unit since 1994
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.
Blijenberg 123061 BertemGround area
430 m²
Building footprint
80 m²
Volume, LiDAR
436 m³
Parcel 24061B0216/00X005, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blijenberg 12, 3061 Bertem
since 19942.068.912.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061B0216/00X005 | Flanders | 430 m² | 1 · 80 m² | 7.0 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,740 EUR awarded · 1,740 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,740 EUR | 1,740 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 2,855 companies in sector 18130 we hold annual accounts for 831. 676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1994
Fiscal year end31-12
Abbreviation NL
ITS
Activities, NACEBEL
18130Pre-press and pre-media services
22250
68203Renting and operating of own or leased non-residential real estate, excluding land
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.
Contact details
1 entryPhone:0477/426600