Maison Muses
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€2,441
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
61 d late
2022
31 d late
2021
26 d late
2020
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What became of the directors' other companies?Supplier due diligence Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Advertising agencies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€8,256▼ 22.8%
2023 · €10,697
Total assets
€12,244▼ 24.5%
2023 · €16,227
Net result
-€2,441▲ 70.7%
2023 · -€8,321
Working capital
€8,070▼ 15.9%
2023 · €9,595
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23,643-€45,341▲ 91.8%€7,865▼ 82.7%-€8,048-€2,358▲ 70.7%
Net result€18,456within the sector's middle half-€34,566within the sector's middle half▲ 87.3%€5,097within the sector's middle half▼ 85.3%-€8,321below the sector's middle half-€2,441below the sector's middle half▲ 70.7%
Equity€20,156within the sector's middle half-€53,922within the sector's middle half▲ 168%€59,019within the sector's middle half▲ 9.5%€10,697below the sector's middle half▼ 81.9%€8,256below the sector's middle half▼ 22.8%
Total assets€58,713within the sector's middle half-€89,403within the sector's middle half▲ 52.3%€62,567within the sector's middle half▼ 30.0%€16,227below the sector's middle half▼ 74.1%€12,244below the sector's middle half▼ 24.5%
Debt€38,557-€35,481▼ 8.0%€3,548▼ 90.0%€5,530▲ 55.8%€3,988▼ 27.9%
Working capital€22,422within the sector's middle half-€50,506within the sector's middle half▲ 125%€56,267within the sector's middle half▲ 11.4%€9,595within the sector's middle half▼ 82.9%€8,070within the sector's middle half▼ 15.9%
Solvency34.3%within the sector's middle half-60.3%within the sector's middle half▲ 26.0pp94.3%above the sector's middle half▲ 34.0pp65.9%within the sector's middle half▼ 28.4pp67.4%within the sector's middle half▲ 1.5pp
Current ratio1.75within the sector's middle half-2.47within the sector's middle half▲ 0.7216.86above the sector's middle half▲ 14.382.74within the sector's middle half▼ 14.123.02within the sector's middle half▲ 0.29
Return on assets (ROA)31.4%above the sector's middle half-38.7%above the sector's middle half▲ 7.2pp8.1%within the sector's middle half▼ 30.5pp-51.3%below the sector's middle half▼ 59.4pp-19.9%below the sector's middle half▲ 31.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
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 €2,358 in 2024 against €8,048 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12,244
Fixed assets
€186 ▼ 83.1%
Current assets
€12,058 ▼ 20.3%
Equity and liabilities €12,244
Equity
€8,256 ▼ 22.8%
Debt
€3,988 ▼ 27.9%
Debt's share of the balance-sheet total falls from 34.1% to 32.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€1,441▲
2023 · -€6,398
Cash flow
-€1,525▲
2023 · -€6,671
Debt to equity
0.48▼
2023 · 0.52
ROE
-29.6%▲
2023 · -77.8%
Interest coverage
-33.68▲
2023 · -37.21
Debt ≤ 1 year
€3,988▼
2023 · €5,530
Income taxes
€41▼
2023 · €101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,810 | €1,842 | €1,842 | €1,650 | €916 | ▼ 44.5% |
| Other operating charges640/8 | - | €348 | €348 | €384 | - | - |
| Gross operating margin9900 | €26,930 | €47,530 | €10,054 | -€6,014 | -€1,441 | ▲ 76.0% |
| Operating profit (loss)9901 | €23,643 | €45,341 | €7,865 | -€8,048 | -€2,358 | ▲ 70.7% |
| Financial charges65/66B | - | €1,251 | €646 | €172 | €43 | ▼ 75.1% |
| Recurring financial charges65 | €151 | €1,251 | €646 | €172 | €43 | ▼ 75.1% |
| Profit (loss) for the period before taxes9903 | €23,491 | €44,089 | €7,218 | -€8,220 | -€2,400 | ▲ 70.8% |
| Income taxes67/77 | €5,035 | €9,523 | €2,122 | €101 | €41 | ▼ 59.5% |
| Profit (loss) for the period9904 | €18,456 | €34,566 | €5,097 | -€8,321 | -€2,441 | ▲ 70.7% |
| Profit (loss) for the period to be appropriated9905 | €18,456 | €34,566 | €5,097 | -€8,321 | -€2,441 | ▲ 70.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,713 | €89,403 | €62,567 | €16,227 | €12,244 | ▼ 24.5% |
| Fixed assets21/28 | €6,436 | €4,594 | €2,752 | €1,102 | €186 | ▼ 83.1% |
| Tangible fixed assets22/27 | €6,436 | €4,594 | €2,752 | €1,102 | €186 | ▼ 83.1% |
| Plant, machinery and equipment23 | - | €575 | €192 | - | - | - |
| Furniture and vehicles24 | - | €4,019 | €2,560 | €1,102 | €186 | ▼ 83.1% |
| Current assets29/58 | €52,277 | €84,809 | €59,815 | €15,126 | €12,058 | ▼ 20.3% |
| Stocks and contracts in progress3 | - | €9,687 | - | - | - | - |
| Contracts in progress37 | - | €9,687 | - | - | - | - |
| Amounts receivable within one year40/41 | €33,539 | €3,751 | €5,770 | €6,641 | €1,137 | ▼ 82.9% |
| Trade receivables40 | - | €3,684 | - | - | - | - |
| Other amounts receivable41 | - | €67 | €5,770 | €6,641 | €1,137 | ▼ 82.9% |
| Cash at bank and in hand54/58 | €18,738 | €71,371 | €54,045 | €8,485 | €10,921 | ▲ 28.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,713 | €89,403 | €62,567 | €16,227 | €12,244 | ▼ 24.5% |
| Equity10/15 | €20,156 | €53,922 | €59,019 | €10,697 | €8,256 | ▼ 22.8% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €17,656 | €51,422 | €56,519 | €8,197 | €5,756 | ▼ 29.8% |
| Amounts payable17/49 | €38,557 | €35,481 | €3,548 | €5,530 | €3,988 | ▼ 27.9% |
| Amounts payable within one year42/48 | €29,855 | €34,303 | €3,548 | €5,530 | €3,988 | ▼ 27.9% |
| Financial debts43 | - | €3,435 | - | - | - | - |
| Credit institutions430/8 | - | €3,435 | - | - | - | - |
| Trade debts44 | €1,891 | €7,618 | €575 | €1,347 | €768 | ▼ 43.0% |
| Suppliers440/4 | - | €7,618 | €575 | €1,347 | €768 | ▼ 43.0% |
| Taxes, remuneration and social security45 | - | €5,370 | - | €101 | €101 | = |
| Taxes450/3 | - | €5,370 | - | €101 | €101 | = |
| Other amounts payable47/48 | - | €17,880 | €2,973 | €4,082 | €3,118 | ▼ 23.6% |
| Accrued charges and deferred income492/3 | - | €1,178 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,456 | €34,566 | €5,097 | -€8,321 | -€2,441 | ▲ 70.7% |
| + Depreciation and write-downs630 | €2,810 | €1,842 | €1,842 | €1,650 | €916 | ▼ 44.5% |
| Operating cash flow (approximation) | €21,266 | €36,408 | €6,939 | -€6,671 | -€1,525 | ▲ 77.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €52,633 | -€17,326 | -€45,560 | €2,437 | ▲ 105% |
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
2026
27-08
State Gazette act
End & cessationResignation: TERLAEKEN Laura (sole director) · Incorporation · Registered-office move14 facts ▸
State Gazette act
End & cessation
Resignation: TERLAEKEN Laura (sole director) · Incorporation · Registered-office move14 facts ▸
- Incorporation, 26-05-2020
- Registered-office move, 3000 Leuven, Janseniusstraat, 17
- General meeting, 18-06-2026
- Auditor report, 16-06-2026
- Declaration, volledig ten laste nemen van eventuele schulden, assumption of potential debts
- Declaration, 31-03-2026
- Declaration, filing of reports, griffie van de bevoegde ondernemingsrechtbank
- Declaration, naar derden toe, no debts to third parties
- Declaration, shareholder consent to debts owed to themselves, openstaande schuld ten opzichte van hemzelf
- Declaration, zelf voor eigen rekening voldoen, shareholder assumption of overlooked debts
- Dissolution, 18-06-2026
- Director resignation, TERLAEKEN Laura (sole director)
- +2 further facts in this act
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€8,321
Net result drops to -€8,321, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity times 7current ratio 16.86
Current ratio from 2.47 to 16.86; short-term debt falls from €34,303 to €3,548.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2020net €34,566 ▲87.3%
Operating result €45,341, net result €34,566, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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.
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Directors · office · real estate
Directors
no sitting director read yet, last change in 2026
No directors read yet: 1 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuven
Ground area
77 m²
Building footprint
42 m²
Volume, LiDAR
381 m³
Parcel 24504D1255/00H000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504D1255/00H000 | Flanders | 77 m² | 1 · 42 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| TERLAEKEN Laura |
|
Articles of association
Custody of records
3000 Leuven, Janseniusstraat, 17, bestuurder
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Company details
Identification
Legal formPrivate limited company
Founded02-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
47559Retail sale of other household articles
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47750Retail sale of cosmetics and toilet articles
58190Other publishing activities, excluding software publishing
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747786163
Also
9925:BE0747786163
Registered
17-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.