M22
ActiveM22 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-82
Solvency100▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 1.78 in 2024; short-term debt: 18% and cash: 46% of total assets), and 18% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 59
Relative position
BE, all sectors
reference
Sector 59
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
82%
Return on assets
-24%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-01-2026, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
29 d early
2024
44 d early
2023
50 d early
2022
46 d early
2021
40 d early
2020
4 d late
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-29k
2024 · €21k
2019: €9k
2020: €34k
2021: €3k
2022: €71k
2023: €66k
2024: €21k
2019 → 2025
Working capital
€43k▼ 20.4%
2024 · €54k
2019: €55k
2020: €38k
2021: €19k
2022: €33k
2023: €95k
2024: €54k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€40k▲ 37.1%€106k▲ 165%€127k▲ 19.8%€98k▼ 22.6%
Operating result€4k-€96k▲ 2,074%€88k▼ 8.4%€26k▼ 70.6%€-28k
Net result€3k-€71k▲ 2,241%€66k▼ 6.8%€21k▼ 68.3%€-29k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €28k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €120k
Fixed assets
€55k▼ 31.1%
Current assets
€65k▼ 47.5%
Equity and liabilities €120k
Equity
€98k▼ 22.6%
Debt
€22k▼ 71.7%
The debt ratio falls from 37.6% to 18.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €35k
Cash flow
€-4k▼
2024 · €30k
Solvency
82.0%▲
2024 · 62.4%
Current ratio
3.00▲
2024 · 1.78
Quick ratio
3.00▲
2024 · 1.78
Debt / equity
0.22▼
2024 · 0.60
ROE
-29.3%▼
2024 · 16.5%
ROA
-24.0%▼
2024 · 10.3%
Interest coverage
-37.76▼
2024 · 372.80
Debt
€22k▼
2024 · €76k
Debt ≤ 1 year
€22k▼
2024 · €69k
Income taxes
€151▼
2024 · €8k
Staff costs
€47k▲
2024 · €38k
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€203k€120k▼
Fixed assets21/28€80k€55k▼
Intangible fixed assets21€55k€35k▼
Tangible fixed assets22/27€25k€20k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€25k€20k▼
Financial fixed assets28€150€150=
Current assets29/58€123k€65k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€30k€5k▼
Trade receivables40€23k€5k▼
Other amounts receivable41€7k€0▼
Cash at bank and in hand54/58€89k€55k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€203k€120k▼
Equity10/15€127k€98k▼
Contributions10/11€19k€19k=
Reserves13€100k€80k▼
Distributable reserves133€100k€80k▼
Profit (loss) carried forward14€8k€0▼
Amounts payable17/49€76k€22k▼
Amounts payable within one year42/48€69k€22k▼
Financial debts43€133€1k▲
Credit institutions430/8€133€1k▲
Trade debts44€61k€6k▼
Suppliers440/4€61k€6k▼
Taxes, remuneration and social security45€8k€14k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9€6k€11k▲
Other amounts payable47/48€26€163▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€38k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€25k▲
Other operating charges640/8€567€488▼
Gross operating margin9900€74k€43k▼
Operating profit (loss)9901€26k€-28k▼
Financial income75/76B€3k€10▼
Recurring financial income75€3k€10▼
Financial charges65/66B€95€96▲
Recurring financial charges65€95€96▲
Profit (loss) for the period before taxes9903€29k€-29k▼
Income taxes67/77€8k€151▼
Profit (loss) for the period9904€21k€-29k▼
Profit (loss) for the period to be appropriated9905€21k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€-20k▼
Profit (loss) brought forward from the previous period14P-€8k
Transfer from equity791/2-€20k
Transfer to equity691/2€13k€0▼
To other reserves6921€13k€0▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 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
02-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-29k ▼237%
Net result drops to €-29k, the lowest in the series.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Liquidity doublescurrent ratio 2.95
Current ratio from 1.48 to 2.95; short-term debt falls from €69k to €48k.
30-06
Financial
Equity above €100kEq €106k ▲165%
5 profitable years in a row build equity to €106k.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Highest result since 2019net €71k ▲2241%
Operating result €96k, net result €71k, both a record.
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
04-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Rixensart · 1 establishment unit since 2016
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.
Avenue Félix 131330 RixensartGround area
155 m²
Building footprint
181 m²
Volume, LiDAR
1,020 m³
Parcel 25091G0448/00P000, Wallonia · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M22
since 20162.250.634.184
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091G0448/00P000 | Wallonia | 155 m² | 1 · 181 m² | 13.6 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.
Similar companies · same sector, comparable size
LA LINEA
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QUATERMASS
BE 0465.760.643
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TWIN4U EVENTS & PROJECTS
BE 0674.771.986
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ELEKTROPOLIS
BE 0828.892.120
Merchtem · Eq €81k
Of 257 companies in sector 59202 we hold annual accounts for 65. 51 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2016
Fiscal year end30-06
Activities, NACEBEL
59202Motion picture, video and television programme production, sound recording and music publishing activities
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
59120Post-production of films, video and television programmes
59140Motion picture, video and television programme production, sound recording and music publishing activities
59201Sound recording
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.