Inter2Face
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00469224.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 26 filings
Turnover
€74,674
EBIT margin
-13.9%
Net result
€23,538▲ 44.1%
2024 · €16,333
Working capital
€151
2024 · -€13,363
In the rankings
#5 oldest company in Herent, Arts, sports and recreation sector
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
€23,675
▲ 36.0%
2025
20182025
Net result
€23,538
▲ 44.1%
2025
middle half of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
-€117,442
▲ 16.7%
2025
lowest quarter of the sector
20182025
Total assets
€115,590
▼ 0.2%
2025
middle half of the sector
20182025
Debt
€233,032
▼ 9.2%
2025
20182025
Working capital
€151
2025
middle half of the sector
20182025
Solvency
-101.6%
▲ 20.1pp
2025
lowest quarter of the sector
20182025
Current ratio
1.00
▲ 0.13
2025
middle half of the sector
20182025
Return on assets (ROA)
20.4%
▲ 6.3pp
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€74,674-
Operating result-€10,377-€57,481-€18,863-€20,220▼ 7.2%-€23,847▼ 17.9%-€7,481▲ 68.6%€17,403€23,675▲ 36.0%
Net result-€15,114-€54,949-€20,549below the sector's middle half-€23,761below the sector's middle half▼ 15.6%-€27,663below the sector's middle half▼ 16.4%-€10,753below the sector's middle half▲ 61.1%€16,333within the sector's middle half€23,538within the sector's middle half▲ 44.1%
EBIT margin-13.9%-
Equity-€129,536--€74,587▲ 42.4%-€95,136below the sector's middle half▼ 27.6%-€118,897below the sector's middle half▼ 25.0%-€146,561below the sector's middle half▼ 23.3%-€157,313below the sector's middle half▼ 7.3%-€140,980below the sector's middle half▲ 10.4%-€117,442below the sector's middle half▲ 16.7%
Total assets€154,705-€193,243▲ 24.9%€168,000within the sector's middle half▼ 13.1%€147,335within the sector's middle half▼ 12.3%€133,410within the sector's middle half▼ 9.5%€125,992within the sector's middle half▼ 5.6%€115,804within the sector's middle half▼ 8.1%€115,590within the sector's middle half▼ 0.2%
Debt€284,242-€267,830▼ 5.8%€263,137▼ 1.8%€266,233▲ 1.2%€279,971▲ 5.2%€283,306▲ 1.2%€256,785▼ 9.4%€233,032▼ 9.2%
Working capital€27,222-€45,619▲ 67.6%€24,473within the sector's middle half▼ 46.4%€3,499within the sector's middle half▼ 85.7%-€20,936below the sector's middle half-€24,659below the sector's middle half▼ 17.8%-€13,363below the sector's middle half▲ 45.8%€151within the sector's middle half
Solvency-83.7%--38.6%▲ 45.1pp-56.6%below the sector's middle half▼ 18.0pp-80.7%below the sector's middle half▼ 24.1pp-109.9%below the sector's middle half▼ 29.2pp-124.9%below the sector's middle half▼ 15.0pp-121.7%below the sector's middle half▲ 3.1pp-101.6%below the sector's middle half▲ 20.1pp
Current ratio1.28-1.76▲ 0.471.36within the sector's middle half▼ 0.401.04within the sector's middle half▼ 0.320.81below the sector's middle half▼ 0.230.80below the sector's middle half▼ 0.010.87below the sector's middle half▲ 0.071.00within the sector's middle half▲ 0.13
Return on assets (ROA)-9.8%-28.4%▲ 38.2pp-12.2%below the sector's middle half▼ 40.7pp-16.1%below the sector's middle half▼ 3.9pp-20.7%below the sector's middle half▼ 4.6pp-8.5%below the sector's middle half▲ 12.2pp14.1%within the sector's middle half▲ 22.6pp20.4%above the sector's middle half▲ 6.3pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 36% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,590
Fixed assets
€27,788 ▼ 2.5%
Current assets
€87,802 ▲ 0.6%
Equity and liabilities
Equity-€117,442
Debt€233,032
Equity is negative. Debt (€233,032) exceeds the balance-sheet total (€115,590).
Key figures and ratios
EBITDA
€25,219▲
2024 · €19,237
Cash flow
€25,083▲
2024 · €18,167
Quick ratio
0.82▲
2024 · 0.71
Interest coverage
over 100▲
2024 · 18.25
Debt ≤ 1 year
€87,651▼
2024 · €100,667
Debt > 1 year
€145,362▼
2024 · €155,725
Income taxes
€0▼
2024 · €16
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,445 | €1,514 | €886 | €1,058 | €832 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €16,268 | €16,668 | €16,835 | €1,834 | €1,545 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €74,674 | - | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,344 | €17,574 | €16,286 | €16,268 | €16,668 | €16,835 | €1,834 | €1,545 | ▼ 15.8% |
| Other operating charges640/8 | - | - | - | €1,391 | €932 | €1,168 | €1,068 | €1,620 | ▲ 51.7% |
| Gross operating margin9900 | €5,922 | €76,061 | -€1,137 | -€2,560 | -€6,247 | €10,521 | €20,304 | €26,839 | ▲ 32.2% |
| Operating profit (loss)9901 | -€10,377 | €57,481 | -€18,863 | -€20,220 | -€23,847 | -€7,481 | €17,403 | €23,675 | ▲ 36.0% |
| Financial income75/76B | - | - | - | - | €16 | €64 | €0 | - | - |
| Recurring financial income75 | €12 | €76 | €2 | - | €16 | €64 | €0 | - | - |
| Financial charges65/66B | - | - | - | €3,187 | €3,544 | €3,149 | €1,054 | €137 | ▼ 87.0% |
| Recurring financial charges65 | €4,612 | €2,608 | €1,407 | €3,187 | €3,544 | €3,149 | €1,054 | €137 | ▼ 87.0% |
| Profit (loss) for the period before taxes9903 | -€14,977 | €54,949 | -€20,268 | -€23,407 | -€27,375 | -€10,567 | €16,348 | €23,538 | ▲ 44.0% |
| Income taxes67/77 | €137 | - | €281 | €354 | €288 | €186 | €16 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€15,114 | €54,949 | -€20,549 | -€23,761 | -€27,663 | -€10,753 | €16,333 | €23,538 | ▲ 44.1% |
| Profit (loss) for the period to be appropriated9905 | -€15,114 | €54,949 | -€20,549 | -€23,761 | -€27,663 | -€10,753 | €16,333 | €23,538 | ▲ 44.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €154,705 | €193,243 | €168,000 | €147,335 | €133,410 | €125,992 | €115,804 | €115,590 | ▼ 0.2% |
| Fixed assets21/28 | €30,929 | €87,256 | €75,201 | €60,378 | €45,224 | €29,276 | €28,500 | €27,788 | ▼ 2.5% |
| Intangible fixed assets21 | €2,361 | €27,198 | €23,002 | €15,712 | €8,422 | €1,132 | €533 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €2,229 | €33,718 | €25,858 | €18,326 | €10,463 | €1,804 | €1,627 | €1,448 | ▼ 11.0% |
| Plant, machinery and equipment23 | - | - | - | €1,303 | €1,776 | €1,455 | €1,525 | €1,448 | ▼ 5.1% |
| Furniture and vehicles24 | - | - | - | €17,022 | €8,686 | €350 | €102 | €0 | ▼ 100% |
| Financial fixed assets28 | €26,340 | €26,340 | €26,340 | €26,340 | €26,340 | €26,340 | €26,340 | €26,340 | = |
| Current assets29/58 | €123,776 | €105,987 | €92,800 | €86,958 | €88,186 | €96,716 | €87,304 | €87,802 | ▲ 0.6% |
| Stocks and contracts in progress3 | €12,675 | €12,740 | €17,533 | €16,545 | €19,473 | €19,473 | €15,736 | €15,736 | = |
| Stocks30/36 | - | - | - | €16,545 | €19,473 | €19,473 | €15,736 | €15,736 | = |
| Amounts receivable within one year40/41 | €109,310 | €77,373 | €72,529 | €68,153 | €67,733 | €73,396 | €63,816 | €69,897 | ▲ 9.5% |
| Trade receivables40 | - | - | - | €67,153 | €66,618 | €72,305 | €62,791 | €68,897 | ▲ 9.7% |
| Other amounts receivable41 | - | - | - | €1,000 | €1,116 | €1,091 | €1,025 | €1,000 | ▼ 2.5% |
| Current investments50/53 | €0 | €0 | €0 | €0 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €19 | €11,643 | - | - | - | €2,018 | €5,870 | €1,556 | ▼ 73.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,259 | €979 | €1,830 | €1,882 | €613 | ▼ 67.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €154,705 | €193,243 | €168,000 | €147,335 | €133,410 | €125,992 | €115,804 | €115,590 | ▼ 0.2% |
| Equity10/15 | -€129,536 | -€74,587 | -€95,136 | -€118,897 | -€146,561 | -€157,313 | -€140,980 | -€117,442 | ▲ 16.7% |
| Contributions10/11 | €68,592 | €68,592 | - | €68,592 | €68,592 | €68,592 | €68,592 | €68,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€199,988 | -€145,039 | -€165,588 | -€189,348 | -€217,012 | -€227,764 | -€211,432 | -€187,894 | ▲ 11.1% |
| Amounts payable17/49 | €284,242 | €267,830 | €263,137 | €266,233 | €279,971 | €283,306 | €256,785 | €233,032 | ▼ 9.2% |
| Amounts payable after more than one year17 | €187,688 | €207,234 | €194,810 | €182,774 | €169,661 | €158,017 | €155,725 | €145,362 | ▼ 6.7% |
| Financial debts170/4 | - | - | - | €182,774 | €169,661 | €158,017 | €155,725 | €145,362 | ▼ 6.7% |
| Amounts payable within one year42/48 | €96,554 | €60,367 | €68,327 | €83,458 | €109,122 | €121,375 | €100,667 | €87,651 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,524 | €13,436 | €10,723 | €792 | €0 | ▼ 100% |
| Financial debts43 | - | - | - | €12,212 | €24,779 | €0 | - | - | - |
| Credit institutions430/8 | - | - | - | €12,212 | €24,779 | €0 | - | - | - |
| Trade debts44 | €21,703 | €4,050 | - | - | €1,033 | €546 | €145 | €68 | ▼ 53.0% |
| Suppliers440/4 | - | - | - | - | €1,033 | €546 | €145 | €68 | ▼ 53.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,931 | €4,676 | €3,823 | €1,046 | €1,262 | ▲ 20.6% |
| Taxes450/3 | - | - | - | €3,931 | €4,676 | €3,823 | €1,046 | €1,262 | ▲ 20.6% |
| Other amounts payable47/48 | - | - | - | €54,792 | €65,199 | €106,283 | €98,684 | €86,321 | ▼ 12.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,188 | €3,913 | €392 | €20 | ▼ 95.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,114 | €54,949 | -€20,549 | -€23,761 | -€27,663 | -€10,753 | €16,333 | €23,538 | ▲ 44.1% |
| + Depreciation and write-downs630 | €15,344 | €17,574 | €16,286 | €16,268 | €16,668 | €16,835 | €1,834 | €1,545 | ▼ 15.8% |
| Operating cash flow (approximation) | €230 | €72,523 | -€4,263 | -€7,492 | -€10,996 | €6,082 | €18,167 | €25,083 | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | -€73,901 | -€4,231 | -€1,445 | -€1,514 | -€886 | -€1,058 | -€832 | ▲ 21.3% |
| Change in cash | - | €11,624 | - | - | - | - | €3,852 | -€4,314 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,794 companies had the same profile as Inter2Face has now. Two years later, 91.5% were still going and 2.7% had gone bankrupt.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
91.5%
was still going
5.3%
stopped otherwise
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Inter2Face itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for Inter2Face. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00469224 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00453088 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00425906 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00417721 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20368064 | |
| 31-12-2020 | micro format | 29-10-2021 | 2021-74300074 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-61300416 | |
| 31-12-2018 | micro format | 29-09-2019 | 2019-68200392 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-53400087 | |
| 31-12-2016 | micro format | 18-07-2017 | 2017-32900204 |