LISTEN
ActiveSummary
LISTEN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €464k and a net result of €70k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 57% of 712 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-11
Solvency75▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.0 in 2024; short-term debt: 49.6% and cash: 9.8% of total assets), and 49.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
50.4%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
17 d early
2023
21 d late
2022
28 d late
2021
61 d late
2020
24 d late
2019
22 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€70k▼ 57.9%
2024 · €167k
2018: €152k
2019: €244k▲ +60.3% vs 2018highest in 8 years
2020: €154k▼ -36.8% vs 2019
2021: €234k▲ +52.1% vs 2020
2022: €226k▼ -3.6% vs 2021
2023: €207k▼ -8.5% vs 2022
2024: €167k▼ -19.3% vs 2023
2025: €70k▼ -57.9% vs 2024lowest in 8 years
2018 → 2025
Working capital
€425k▼ 4.5%
2024 · €445k
2018: €189klowest in 8 years
2019: €353k▲ +86.8% vs 2018
2020: €517k▲ +46.6% vs 2019highest in 8 years
2021: €337k▼ -34.9% vs 2020
2022: €262k▼ -22.1% vs 2021
2023: €234k▼ -10.6% vs 2022
2024: €445k▲ +89.8% vs 2023
2025: €425k▼ -4.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€900k-€950k▲ 5.6%€926k▼ 2.6%€1.08M▲ 16.4%€464k▼ 57.0%
2021: €900k
2022: €950k▲ +5.6% vs 2021
2023: €926k▼ -2.6% vs 2022
2024: €1.08M▲ +16.4% vs 2023highest in 5 years
2025: €464k▼ -57.0% vs 2024lowest in 5 years
Operating result€323k-€338k▲ 4.5%€285k▼ 15.5%€253k▼ 11.3%€100k▼ 60.6%
2021: €323k
2022: €338k▲ +4.5% vs 2021highest in 5 years
2023: €285k▼ -15.5% vs 2022
2024: €253k▼ -11.3% vs 2023
2025: €100k▼ -60.6% vs 2024lowest in 5 years
Net result€234k-€226k▼ 3.6%€207k▼ 8.5%€167k▼ 19.3%€70k▼ 57.9%
2021: €234khighest in 5 years
2022: €226k▼ -3.6% vs 2021
2023: €207k▼ -8.5% vs 2022
2024: €167k▼ -19.3% vs 2023
2025: €70k▼ -57.9% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €920k
Fixed assets
€39k ▼ 93.8%
Current assets
€881k ▼ 1.2%
Equity and liabilities €920k
Equity
€464k ▼ 57.0%
Debt
€456k ▲ 1.4%
Debt's share of the balance-sheet total rises from 29.4% to 49.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€146k▼
2024 · €317k
Cash flow
€116k▼
2024 · €231k
Current ratio
1.93▼
2024 · 2.00
Debt to equity
0.98▲
2024 · 0.42
ROE
15.2%▼
2024 · 15.5%
ROA
7.6%▼
2024 · 10.9%
Interest coverage
5.14▼
2024 · 7.67
Debt ≤ 1 year
€456k▲
2024 · €447k
Income taxes
€31k▼
2024 · €72k
Staff costs
€541k▲
2024 · €528k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.53M€920k▼
Fixed assets21/28€636k€39k▼
Intangible fixed assets21€10k€3k▼
Tangible fixed assets22/27€620k€30k▼
Land and buildings22€581k-
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€29k€24k▼
Other tangible fixed assets26€540€106▼
Financial fixed assets28€7k€7k=
Current assets29/58€891k€881k▼
Amounts receivable within one year40/41€429k€332k▼
Trade receivables40€400k€288k▼
Other amounts receivable41€29k€44k▲
Current investments50/53€371k€447k▲
Cash at bank and in hand54/58€76k€90k▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€1.53M€920k▼
Equity10/15€1.08M€464k▼
Contributions10/11€62k€62k▼
Capital10€62k€62k▼
Issued capital100€62k€62k▼
Reserves13€140k€70k▼
Non-distributable reserves130/1€6k€6k▼
Legal reserve130€6k€6k▼
Tax-exempt reserves132€134k€63k▼
Profit (loss) carried forward14€836k€333k▼
Investment grants15€40k-
Amounts payable17/49€450k€456k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€447k€456k▲
Current portion of amounts payable after more than one year42€7k€3k▼
Financial debts43€22k€24k▲
Credit institutions430/8€22k€24k▲
Trade debts44€226k€225k▼
Suppliers440/4€226k€225k▼
Taxes, remuneration and social security45€162k€101k▼
Taxes450/3€74k€31k▼
Remuneration and social security454/9€88k€70k▼
Other amounts payable47/48€30k€104k▲
Income statement
Code20242025
Non-recurring operating income76A€4k€6k▲
Remuneration, social security and pensions62€528k€541k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€46k▼
Other operating charges640/8€15k€13k▼
Gross operating margin9900€859k€700k▼
Operating profit (loss)9901€253k€100k▼
Financial income75/76B€27k€30k▲
Recurring financial income75€27k€30k▲
Financial charges65/66B€41k€28k▼
Recurring financial charges65€41k€28k▼
Profit (loss) for the period before taxes9903€238k€101k▼
Income taxes67/77€72k€31k▼
Profit (loss) for the period9904€167k€70k▼
Transfer from tax-exempt reserves789€42k-
Transfer to tax-exempt reserves689€104k€781▼
Profit (loss) for the period to be appropriated9905€104k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€836k€468k▼
Profit (loss) brought forward from the previous period14P€731k€398k▼
Transfer to equity691/2-€35k
To contributions691-€32k
To the legal reserve6920-€3k
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
Social balance
Average headcount (FTE)90877.88.1▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7k | €13k | - | €4k | €6k | ▲ 53.4% |
| Remuneration, social security and pensions62 | €404k | €390k | €486k | €528k | €541k | ▲ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €74k | €77k | €64k | €46k | ▼ 27.9% |
| Other operating charges640/8 | €12k | €13k | €11k | €15k | €13k | ▼ 11.9% |
| Non-recurring operating charges66A | €3k | - | €4k | - | - | - |
| Gross operating margin9900 | €805k | €814k | €863k | €859k | €700k | ▼ 18.5% |
| Operating profit (loss)9901 | €323k | €338k | €285k | €253k | €100k | ▼ 60.6% |
| Financial income75/76B | €7k | €22k | €11k | €27k | €30k | ▲ 11.3% |
| Recurring financial income75 | €7k | €22k | €11k | €27k | €30k | ▲ 11.3% |
| Financial charges65/66B | €12k | €47k | €12k | €41k | €28k | ▼ 31.3% |
| Recurring financial charges65 | €12k | €47k | €12k | €41k | €28k | ▼ 31.3% |
| Profit (loss) for the period before taxes9903 | €318k | €313k | €284k | €238k | €101k | ▼ 57.6% |
| Income taxes67/77 | €84k | €87k | €77k | €72k | €31k | ▼ 57.0% |
| Profit (loss) for the period9904 | €234k | €226k | €207k | €167k | €70k | ▼ 57.9% |
| Transfer from tax-exempt reserves789 | - | €89k | €107k | €42k | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | €104k | €781 | ▼ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €234k | €315k | €313k | €104k | €70k | ▼ 33.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.82M | €1.70M | €1.55M | €1.53M | €920k | ▼ 39.8% |
| Fixed assets21/28 | €756k | €775k | €701k | €636k | €39k | ▼ 93.8% |
| Intangible fixed assets21 | €24k | €24k | €17k | €10k | €3k | ▼ 72.4% |
| Tangible fixed assets22/27 | €727k | €734k | €670k | €620k | €30k | ▼ 95.2% |
| Land and buildings22 | €700k | €654k | €611k | €581k | - | - |
| Plant, machinery and equipment23 | €1k | €17k | €13k | €9k | €6k | ▼ 39.6% |
| Furniture and vehicles24 | €21k | €62k | €45k | €29k | €24k | ▼ 16.0% |
| Other tangible fixed assets26 | €5k | €1k | €974 | €540 | €106 | ▼ 80.4% |
| Financial fixed assets28 | €4k | €17k | €15k | €7k | €7k | = |
| Current assets29/58 | €1.06M | €927k | €847k | €891k | €881k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €533k | €414k | €408k | €429k | €332k | ▼ 22.5% |
| Trade receivables40 | €467k | €349k | €361k | €400k | €288k | ▼ 28.0% |
| Other amounts receivable41 | €66k | €65k | €48k | €29k | €44k | ▲ 51.8% |
| Current investments50/53 | €121k | €83k | €213k | €371k | €447k | ▲ 20.4% |
| Cash at bank and in hand54/58 | €398k | €416k | €213k | €76k | €90k | ▲ 19.1% |
| Deferred charges and accrued income490/1 | €8k | €13k | €13k | €16k | €12k | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.82M | €1.70M | €1.55M | €1.53M | €920k | ▼ 39.8% |
| Equity10/15 | €900k | €950k | €926k | €1.08M | €464k | ▼ 57.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | ▼ 0.8% |
| Capital10 | €62k | - | €62k | €62k | €62k | ▼ 0.8% |
| Issued capital100 | €62k | - | €62k | €62k | €62k | ▼ 0.8% |
| Reserves13 | €273k | €184k | €77k | €140k | €70k | ▼ 50.3% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | ▼ 0.8% |
| Legal reserve130 | €6k | - | €6k | €6k | €6k | ▼ 0.8% |
| Reserves not available under the articles1311 | - | €6k | - | - | - | - |
| Tax-exempt reserves132 | €267k | €178k | €71k | €134k | €63k | ▼ 52.5% |
| Profit (loss) carried forward14 | €503k | €643k | €731k | €836k | €333k | ▼ 60.2% |
| Investment grants15 | €61k | €61k | €55k | €40k | - | - |
| Amounts payable17/49 | €917k | €752k | €622k | €450k | €456k | ▲ 1.4% |
| Amounts payable after more than one year17 | €193k | €87k | €10k | €3k | - | - |
| Financial debts170/4 | €193k | €87k | €10k | €3k | - | - |
| Amounts payable within one year42/48 | €724k | €665k | €613k | €447k | €456k | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | €126k | €128k | €78k | €7k | €3k | ▼ 57.2% |
| Financial debts43 | €12k | €16k | €17k | €22k | €24k | ▲ 6.9% |
| Credit institutions430/8 | €12k | €16k | €17k | €22k | €24k | ▲ 6.9% |
| Trade debts44 | €314k | €231k | €223k | €226k | €225k | ▼ 0.7% |
| Suppliers440/4 | €314k | €231k | €223k | €226k | €225k | ▼ 0.7% |
| Taxes, remuneration and social security45 | €118k | €109k | €140k | €162k | €101k | ▼ 38.0% |
| Taxes450/3 | €62k | €49k | €58k | €74k | €31k | ▼ 58.7% |
| Remuneration and social security454/9 | €56k | €60k | €82k | €88k | €70k | ▼ 20.4% |
| Other amounts payable47/48 | €155k | €180k | €156k | €30k | €104k | ▲ 252% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €234k | €226k | €207k | €167k | €70k | ▼ 57.9% |
| + Depreciation and write-downs630 | €63k | €74k | €77k | €64k | €46k | ▼ 27.9% |
| Operating cash flow (approximation) | €298k | €300k | €283k | €231k | €116k | ▼ 49.6% |
| Investment in fixed assets (approximation) | - | €-93k | €-3k | €1k | €551k | ▲ 49,102% |
| Change in cash | - | €17k | €-203k | €-137k | €14k | ▲ 111% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 7 days late
13-02
State Gazette act
Capital & shares · RestructuringPermanent representative: Philippe Geerts · Statutes amendment · Demerger11 facts ▸
State Gazette act
Capital & shares · Restructuring
Permanent representative: Philippe Geerts · Statutes amendment · Demerger11 facts ▸
- General meeting, 28-11-2025
- Statutes amendment
- Demerger, 28-11-2025
- Real estate, Immeubles situés à AWANS, Rue Chaussée 67, incluant la Résidence LISTEN, bureaux, parkings et terrains
- Net-asset statement, 30-06-2025
- Share issue, 32000
- Power of attorney, G-VALUE
- Permanent representative, Philippe Geerts
- Capital increase, €31.944,42
- Capital, €61.500
- Scission project, 10-10-2025
2025
31-12
Financial
Weakest financial yearnet €70k ▼57.9%
Net result drops to €70k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.08M ▲16.4%
7 profitable years in a row build equity to €1.08M.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 22 days late
2019
31-12
Financial
Highest result since 2018net €244k ▲60.3%
Operating result €353k, net result €244k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 25 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sprimont · 1 establishment unit since 2004
Ground area
5,355 m²
Building footprint
720 m²
Volume, LiDAR
5,423 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LISTEN
since 20042.139.370.632
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100H0541/00B000 | Wallonia | 2,988 m² | 1 · 150 m² | 8.5 m · 2 fl. |
| 62053A0394/00N000 | Wallonia | 2,367 m² | 1 · 569 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec ceux-ci : 1- La société pourra exercer toute activité…
Full purpose
La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre, pour compte de tiers ou en participation avec ceux-ci : 1- La société pourra exercer toute activité liée à la gestion d'informations structurées ou documentaires... 2- Elle pourra distribuer et développer des logiciels... 3- Elle hébergera des enquêtes en ligne... 4- Elle prendre en charge l'ensemble de la logistique liée à des enquêtes... 5- Elle développera et distribuera des applications sur mesure... 6- La société pourra exercer toutes activités de services, de consultance... 7- La société a également pour objet toutes activités de marketing et de graphisme... 8- La société peut accepter des mandats de gérants et d'administrateurs... 9- La société a également pour objet sur le plan civil... l'achat, la vente, le lotissement... de tous biens immeubles... 10- La société pourra réaliser toutes opérations généralement quelconques... 11- Elle pourra s'intéresser, par voie d'apport, de fusion, de scission...
Structure & network
Acquisitions and mergers
1 transactionSplit off to:LISTEN REAL ESTATE
Capital and shareholders
Capital over the years
- 13-02-2026 Capital increase of 31,944.42 EUR · to 61,500 EUR · from reserves
Recognitions · licences · registrations
Legal Entity Identifier
98450068C5AE7R47BC42
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Of 2,712 companies in sector 73200 we hold annual accounts for 1,782. 1,284 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
68121Development of residential building projects
62100Computer programming
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.