MANAGEMENT, PROCESSES & AIRLINES
ActiveMANAGEMENT, PROCESSES & AIRLINES has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €-74k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 6971 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
10
/ 100
Critical▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency6▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.51 in 2024), and 91.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€74k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6971 sector peers (2025).
NBB · sector comparisonPosition among 6971 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
35 d early
2023
29 d early
2022
42 d early
2021
41 d early
2020
40 d early
2019
41 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▼ 45.9%
2024 · €161k
2018: €265k
2019: €310k
2020: €283k
2021: €272k
2022: €264k
2023: €235k
2024: €161k
2018 → 2025
Total assets
€1.04M▼ 3.6%
2024 · €1.08M
2018: €293k
2019: €342k
2020: €299k
2021: €275k
2022: €284k
2023: €569k
2024: €1.08M
2018 → 2025
Net result
€-74k▲ 1.4%
2024 · €-75k
2018: €6k
2019: €96k
2020: €-14k
2021: €-12k
2022: €-8k
2023: €-28k
2024: €-75k
2018 → 2025
Working capital
€-22k▼ 27.2%
2024 · €-17k
2018: €217k
2019: €261k
2020: €231k
2021: €269k
2022: €17k
2023: €-315k
2024: €-17k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€272k-€264k▼ 3.0%€235k▼ 10.7%€161k▼ 31.8%€87k▼ 45.9%
Operating result€-49k-€-7k▲ 84.7%€-26k▼ 243%€-75k▼ 190%€-73k▲ 1.7%
Net result€-12k-€-8k▲ 29.0%€-28k▼ 242%€-75k▼ 165%€-74k▲ 1.4%
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 €73k in 2025 against €75k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.04M
Fixed assets
€1.02M▼ 3.7%
Current assets
€19k▲ 5.8%
Equity and liabilities €1.04M
Equity
€87k▼ 45.9%
Debt
€952k▲ 3.9%
The debt ratio rises from 85.1% to 91.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€515▲
2024 · €-21k
Cash flow
€177▲
2024 · €-21k
Solvency
8.4%▼
2024 · 14.9%
Current ratio
0.46▼
2024 · 0.51
Quick ratio
0.46▼
2024 · 0.51
Debt / equity
10.97▲
2024 · 5.71
ROE
-85.0%▼
2024 · -46.6%
ROA
-7.1%▼
2024 · -6.9%
Interest coverage
1.32▲
2024 · -29.72
Debt
€952k▲
2024 · €917k
Debt ≤ 1 year
€41k▲
2024 · €35k
Debt > 1 year
€911k▲
2024 · €882k
Income taxes
€551▲
2024 · €245
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€1.08M€1.04M▼
Fixed assets21/28€1.06M€1.02M▼
Intangible fixed assets21€9k€9k▼
Tangible fixed assets22/27€1.05M€1.01M▼
Land and buildings22€816k€780k▼
Plant, machinery and equipment23€67k€60k▼
Furniture and vehicles24€168k€172k▲
Financial fixed assets28€300€300=
Current assets29/58€18k€19k▲
Amounts receivable within one year40/41€16k€6k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€4k€1k▼
Cash at bank and in hand54/58-€2k
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.04M▼
Equity10/15€161k€87k▼
Contributions10/11€68k€68k=
Capital10€68k€68k=
Issued capital100€68k€68k=
Reserves13€172k€172k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Tax-exempt reserves132€17k€17k=
Distributable reserves133€142k€142k=
Profit (loss) carried forward14€-79k€-153k▼
Amounts payable17/49€917k€952k▲
Amounts payable after more than one year17€882k€911k▲
Other amounts payable178/9€882k€911k▲
Amounts payable within one year42/48€35k€41k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€31k€29k▼
Suppliers440/4€31k€29k▼
Advances received on contracts in progress46-€9k
Taxes, remuneration and social security45€245€2k▲
Taxes450/3€245€2k▲
Accrued charges and deferred income492/3€83-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€74k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-18k€3k▲
Operating profit (loss)9901€-75k€-73k▲
Financial income75/76B€887€603▼
Recurring financial income75€887€603▼
Financial charges65/66B€713€391▼
Recurring financial charges65€713€391▼
Profit (loss) for the period before taxes9903€-75k€-73k▲
Income taxes67/77€245€551▲
Profit (loss) for the period9904€-75k€-74k▲
Profit (loss) for the period to be appropriated9905€-75k€-74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-153k▼
Profit (loss) brought forward from the previous period14P€-5k€-79k▼
The notes to these accounts (9 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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 5current ratio 82.38
Current ratio from 15.67 to 82.38; short-term debt falls from €16k to €3k.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €96k ▲1569%
Operating result €129k, net result €96k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2010
05-01
State Gazette act
General meeting · Director resignation
Director appointment · Court order
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Assesse · 1 establishment unit since 2001
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.
Rue Saint-Denys(Sart-B.) 885330 AssesseGround area
1,306 m²
Building footprint
195 m²
Volume, LiDAR
768 m³
Parcel 92109A0523/00M003, Wallonia · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Rue Saint-Denys(Sart-B.) 88, 5330 Assesse
since 20012.094.304.927
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92109A0523/00M003 | Wallonia | 1,306 m² | 1 · 195 m² | 5.0 m · 1 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
COMMUNICATION CHAIN
BE 1000.661.601
Brugge · Eq €87k
2 many media
BE 0635.745.621
Holsbeek · Eq €87k
SIGN PLUS
BE 0444.614.841
Villers-la-Ville · Eq €87k
SPIRIT OF DATA
BE 0451.569.741
Oudergem · Eq €86k
ROUTE 99 D.M.B.E.
BE 0466.346.801
Sint-Gillis (bij-Brussel) · Eq €88k
Of 2,704 companies in sector 73200 we hold annual accounts for 1,774. 1,283 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-10-2000
Fiscal year end31-12
Abbreviation FR
M.P.R.
Activities, NACEBEL
73200Market research and public opinion polling
74131
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
72100
72220
73110Advertising agencies
73300Public relations and communication consultancy
74141
74142
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.