MANAGEMENT AND ACTIVE DEVELOPMENT
ActiveSummary
MANAGEMENT AND ACTIVE DEVELOPMENT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.43M and a net result of €236. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 73% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19=
Solvency94▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 2.99 in 2024; short-term debt: 26.4% and cash: 23.9% of total assets), and 31.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
68.6%
Return on assets
0%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 19-11-2025, 19 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
19 d late
2024
22 d late
2023
16 d late
2022
14 d late
2021
23 d late
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.43M=
2024 · €2.43M
2019: €2.10M
2020: €2.26M
2021: €2.40M
2022: €2.42M
2023: €2.42M
2024: €2.43M
2019 → 2025
Total assets
€3.54M▼ 8.8%
2024 · €3.89M
2019: €3.31M
2020: €3.23M
2021: €3.44M
2022: €3.71M
2023: €3.56M
2024: €3.89M
2019 → 2025
Net result
€236▼ 94.6%
2024 · €4k
2019: €315k
2020: €160k
2021: €142k
2022: €16k
2023: €6k
2024: €4k
2019 → 2025
Working capital
€2.39M▼ 1.5%
2024 · €2.42M
2019: €2.20M
2020: €2.30M
2021: €2.35M
2022: €2.50M
2023: €2.45M
2024: €2.42M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.40M-€2.42M▲ 0.6%€2.42M▲ 0.2%€2.43M▲ 0.2%€2.43M=
Operating result€179k-€-594€8k€-177k€-107k▲ 39.7%
Net result€142k-€16k▼ 89.0%€6k▼ 61.3%€4k▼ 27.9%€236▼ 94.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €107k in 2025 against €177k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.54M
Fixed assets
€220k ▼ 11.2%
Current assets
€3.32M ▼ 8.7%
Equity and liabilities €3.54M
Equity
€2.43M =
Debt
€1.11M ▼ 23.6%
Debt's share of the balance-sheet total falls from 37.5% to 31.4%. Debt is lower.
Key figures and ratios
EBITDA
€-84k▲
2024 · €-151k
Cash flow
€23k▼
2024 · €31k
Current ratio
3.55▲
2024 · 2.99
Quick ratio
2.90▲
2024 · 2.52
Debt to equity
0.46▼
2024 · 0.60
ROE
0.0%▼
2024 · 0.2%
ROA
0.0%▼
2024 · 0.1%
Interest coverage
-1.91▲
2024 · -2.99
Debt ≤ 1 year
€936k▼
2024 · €1.22M
Debt > 1 year
€178k▼
2024 · €241k
Income taxes
€8k▲
2024 · €3k
Staff costs
€254k▼
2024 · €260k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.89M€3.54M▼
Fixed assets21/28€248k€220k▼
Tangible fixed assets22/27€238k€215k▼
Land and buildings22€237k€215k▼
Furniture and vehicles24€1k€628▼
Financial fixed assets28€10k€5k▼
Current assets29/58€3.64M€3.32M▼
Stocks and contracts in progress3€574k€605k▲
Stocks30/36€574k€605k▲
Amounts receivable within one year40/41€1.98M€1.70M▼
Trade receivables40€205k€361k▲
Other amounts receivable41€1.78M€1.34M▼
Cash at bank and in hand54/58€909k€848k▼
Deferred charges and accrued income490/1€169k€170k▲
Equity and liabilities
Total equity and liabilities10/49€3.89M€3.54M▼
Equity10/15€2.43M€2.43M=
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2.41M€2.41M=
Tax-exempt reserves132€1.00M€1.00M=
Distributable reserves133€1.41M€1.41M=
Amounts payable17/49€1.46M€1.11M▼
Amounts payable after more than one year17€241k€178k▼
Financial debts170/4€241k€178k▼
Amounts payable within one year42/48€1.22M€936k▼
Current portion of amounts payable after more than one year42€61k€77k▲
Financial debts43€953k€600k▼
Credit institutions430/8€953k€600k▼
Trade debts44€84k€151k▲
Suppliers440/4€84k€151k▲
Taxes, remuneration and social security45€56k€66k▲
Taxes450/3€11k€19k▲
Remuneration and social security454/9€45k€47k▲
Other amounts payable47/48€61k€41k▼
Income statement
Code20242025
Remuneration, social security and pensions62€260k€254k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€23k▼
Other operating charges640/8€9k€11k▲
Gross operating margin9900€118k€181k▲
Operating profit (loss)9901€-177k€-107k▲
Financial income75/76B€235k€159k▼
Recurring financial income75€218k€159k▼
Non-recurring financial income76B€17k-
Financial charges65/66B€50k€44k▼
Recurring financial charges65€50k€44k▼
Profit (loss) for the period before taxes9903€7k€8k▲
Income taxes67/77€3k€8k▲
Profit (loss) for the period9904€4k€236▼
Profit (loss) for the period to be appropriated9905€4k€236▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€236▼
Transfer to equity691/2€4k€236▼
To other reserves6921€4k€236▼
Social balance
Average headcount (FTE)90874.04.1▲
The notes to these accounts (7 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
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
31-03
Financial
Weakest financial yearnet €236 ▼94.6%
Net result drops to €236, the lowest in the series.
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 16 days late
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 14 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2019
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Genk · 1 establishment unit since 1998
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.
Marcel Habetslaan 133600 GenkGround area
2,500 m²
Building footprint
175 m²
Volume, LiDAR
1,411 m³
Parcel 71302A0032/00D030, Flanders · tallest building 20.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Marcel Habetslaan 13, 3600 Genk
since 19982.057.656.446
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00D030 | Flanders | 2,500 m² | 1 · 175 m² | 20.3 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGenk2.057.656.446
Legal Entity Identifier
549300ZAKHLVQ0HGYN04
Similar companies · same sector, comparable size
PUBLI PROJECTS
BE 0885.583.670
Harelbeke · Eq €2.41M
FANDANGO PRODUCTIONS
BE 0472.655.363
Antwerpen · Eq €2.39M
BELGIAN POSTERS
BE 0407.581.825
Merchtem · Eq €2.48M
INDURENT VAN HYFTE
BE 0401.055.210
Maldegem · Eq €2.50M
CSPD
BE 0460.323.495
Ukkel · Eq €2.32M
Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 876 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-1992
Fiscal year end31-03
Abbreviation NL
M AND A.D.
Activities, NACEBEL 2025
46499Wholesale of other household goods
73110Advertising agencies
46900Non-specialised wholesale trade
47690Retail sale of other cultural and recreation goods
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.