Marked
Dissolution or liquidationFinancials · financial year 2025, abbreviated format
2025 annual accounts filed late (34 days) Filed on 3 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508876.
Turnover
≈ €390,000
Estimated: probably between €290,000 and €780,000
Total assets
€84,979▼ 69.2%
2024 · €276,045
Net result
-€81,070
2024 · €52,357
Working capital
€960▼ 98.7%
2024 · €75,130
Trend over the years
2021 to 2025, 5 financial years
The operating result turns negative in 2025: a loss of €78,153 after €55,093 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€78,153
2025
Net result-€81,070
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€84,979
2025
Equity-€6,050
2025
Debt€91,029
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€960
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-95.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-7.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.01
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)3.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,571--€66,793-€47,380▲ 29.1%€55,093-€78,153
Net result€21,103within the sector's middle half--€54,898below the sector's middle half-€48,670below the sector's middle half▲ 11.3%€52,357above the sector's middle half-€81,070below the sector's middle half
Equity€66,231within the sector's middle half-€11,333below the sector's middle half▼ 82.9%€22,663within the sector's middle half▲ 100.0%€75,020within the sector's middle half▲ 231%-€6,050below the sector's middle half
Total assets€118,828below the sector's middle half-€75,648below the sector's middle half▼ 36.3%€149,598within the sector's middle half▲ 97.8%€276,045within the sector's middle half▲ 84.5%€84,979below the sector's middle half▼ 69.2%
Debt€52,597-€64,315▲ 22.3%€126,936▲ 97.4%€201,025▲ 58.4%€91,029▼ 54.7%
Working capital€59,251within the sector's middle half--€2,532within the sector's middle half€42,663within the sector's middle half€75,130within the sector's middle half▲ 76.1%€960within the sector's middle half▼ 98.7%
Solvency55.7%within the sector's middle half-15.0%below the sector's middle half▼ 40.8pp15.1%below the sector's middle half▲ 0.2pp27.2%within the sector's middle half▲ 12.0pp-7.1%below the sector's middle half▼ 34.3pp
Current ratio2.15within the sector's middle half-0.96within the sector's middle half▼ 1.191.47within the sector's middle half▲ 0.521.41within the sector's middle half▼ 0.071.01within the sector's middle half▼ 0.39
Return on assets (ROA)17.8%above the sector's middle half--72.6%below the sector's middle half▼ 90.3pp-32.5%below the sector's middle half▲ 40.0pp19.0%within the sector's middle half▲ 51.5pp-95.4%below the sector's middle half▼ 114.4pp
Staff (FTE)2.1within the sector's middle half-3.7within the sector's middle half▲ 76.2%5.7▲ 54.1%4.3▼ 24.6%3.8within the sector's middle half▼ 11.6%
above
within
below
the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,979
Fixed assets
€8,122 ▼ 50.1%
Current assets
€76,857 ▼ 70.4%
Equity and liabilities
Equity-€6,050
Debt€91,029
Equity is negative: debt (€91,029) exceeds the balance-sheet total (€84,979).
Key figures and ratios
EBITDA
-€73,741▼
2024 · €63,526
Cash flow
-€76,658▼
2024 · €60,790
Interest coverage
-35.53▼
2024 · 27.28
Debt ≤ 1 year
€75,897▼
2024 · €184,648
Debt > 1 year
€10,773▼
2024 · €15,760
Income taxes
€841▲
2024 · €533
Staff costs
€229,998▼
2024 · €262,005
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €66,766 | €159,376 | €269,470 | €262,005 | €229,998 | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,475 | €6,981 | €9,107 | €8,433 | €4,412 | ▼ 47.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,850 | - | - |
| Other operating charges640/8 | €593 | €910 | €1,870 | €3,587 | €11,268 | ▲ 214% |
| Non-recurring operating charges66A | - | - | - | - | €44,340 | - |
| Gross operating margin9900 | €104,404 | €100,474 | €233,067 | €330,967 | €211,864 | ▼ 36.0% |
| Operating profit (loss)9901 | €28,571 | -€66,793 | -€47,380 | €55,093 | -€78,153 | - |
| Financial income75/76B | €0 | €12,371 | €1,477 | €126 | - | - |
| Recurring financial income75 | €0 | €12 | €1,477 | €126 | - | - |
| Non-recurring financial income76B | - | €12,359 | - | - | - | - |
| Financial charges65/66B | €1,500 | €467 | €2,607 | €2,329 | €2,075 | ▼ 10.9% |
| Recurring financial charges65 | €1,500 | €467 | €2,607 | €2,329 | €2,075 | ▼ 10.9% |
| Profit (loss) for the period before taxes9903 | €27,070 | -€54,888 | -€48,511 | €52,891 | -€80,229 | - |
| Income taxes67/77 | €5,968 | €10 | €159 | €533 | €841 | ▲ 57.8% |
| Profit (loss) for the period9904 | €21,103 | -€54,898 | -€48,670 | €52,357 | -€81,070 | - |
| Profit (loss) for the period to be appropriated9905 | €21,103 | -€54,898 | -€48,670 | €52,357 | -€81,070 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €118,828 | €75,648 | €149,598 | €276,045 | €84,979 | ▼ 69.2% |
| Fixed assets21/28 | €7,954 | €18,218 | €16,923 | €16,267 | €8,122 | ▼ 50.1% |
| Tangible fixed assets22/27 | €7,954 | €18,218 | €16,923 | €12,100 | €3,956 | ▼ 67.3% |
| Plant, machinery and equipment23 | €5,529 | €7,394 | €4,290 | €6,238 | €1,389 | ▼ 77.7% |
| Furniture and vehicles24 | €1,244 | €9,209 | €11,813 | €5,593 | €2,567 | ▼ 54.1% |
| Leasing and similar rights25 | €1,180 | €1,614 | €820 | €269 | - | - |
| Financial fixed assets28 | - | - | - | €4,167 | €4,167 | = |
| Current assets29/58 | €110,874 | €57,430 | €132,676 | €259,778 | €76,857 | ▼ 70.4% |
| Amounts receivable within one year40/41 | €48,228 | €48,084 | €85,164 | €249,466 | €39,118 | ▼ 84.3% |
| Trade receivables40 | €44,328 | €32,194 | €71,013 | €237,450 | €39,009 | ▼ 83.6% |
| Other amounts receivable41 | €3,900 | €15,890 | €14,151 | €12,016 | €109 | ▼ 99.1% |
| Cash at bank and in hand54/58 | €60,246 | €9,346 | €43,793 | €8,214 | €37,739 | ▲ 359% |
| Deferred charges and accrued income490/1 | €2,399 | - | €3,719 | €2,098 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €118,828 | €75,648 | €149,598 | €276,045 | €84,979 | ▼ 69.2% |
| Equity10/15 | €66,231 | €11,333 | €22,663 | €75,020 | -€6,050 | - |
| Contributions10/11 | €18,600 | €18,600 | €78,600 | €78,600 | €78,600 | = |
| Profit (loss) carried forward14 | €47,631 | -€7,267 | -€55,937 | -€3,580 | -€84,650 | ▼ 2,265% |
| Amounts payable17/49 | €52,597 | €64,315 | €126,936 | €201,025 | €91,029 | ▼ 54.7% |
| Amounts payable after more than one year17 | €373 | €4,353 | €26,563 | €15,760 | €10,773 | ▼ 31.6% |
| Financial debts170/4 | €373 | €4,353 | €26,563 | €15,760 | €10,773 | ▼ 31.6% |
| Amounts payable within one year42/48 | €51,623 | €59,962 | €90,013 | €184,648 | €75,897 | ▼ 58.9% |
| Current portion of amounts payable after more than one year42 | €2,063 | €3,825 | €2,992 | €6,301 | €4,987 | ▼ 20.9% |
| Financial debts43 | - | - | - | €14,309 | - | - |
| Credit institutions430/8 | - | - | - | €14,309 | - | - |
| Trade debts44 | €10,649 | €24,191 | €63,297 | €126,551 | €27,554 | ▼ 78.2% |
| Suppliers440/4 | €10,649 | €24,191 | €63,297 | €126,551 | €27,554 | ▼ 78.2% |
| Taxes, remuneration and social security45 | €28,824 | €30,790 | €21,286 | €37,487 | €42,948 | ▲ 14.6% |
| Taxes450/3 | €15,740 | €11,134 | €4,890 | €9,431 | €15,926 | ▲ 68.9% |
| Remuneration and social security454/9 | €13,083 | €19,656 | €16,397 | €28,056 | €27,021 | ▼ 3.7% |
| Other amounts payable47/48 | €10,087 | €1,157 | €2,438 | - | €408 | - |
| Accrued charges and deferred income492/3 | €601 | - | €10,360 | €617 | €4,359 | ▲ 607% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,103 | -€54,898 | -€48,670 | €52,357 | -€81,070 | - |
| + Depreciation and write-downs630 | €8,475 | €6,981 | €9,107 | €8,433 | €4,412 | ▼ 47.7% |
| Operating cash flow (approximation) | €29,577 | -€47,917 | -€39,563 | €60,790 | -€76,658 | - |
| Investment in fixed assets (approximation) | - | -€17,245 | -€7,812 | -€7,777 | €3,733 | - |
| Change in cash | - | -€50,900 | €34,447 | -€35,579 | €29,525 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 03-09-2026 | 2026-00508876 |
| 31-12-2024 | micro format | 27-07-2025 | 2025-00324874 |
| 31-12-2023 | micro format | 13-09-2024 | 2024-00461441 |
| 31-12-2022 | abbreviated format | 09-10-2023 | 2023-00478122 |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20157941 |
Similar companies · same sector, comparable size
OUTDOOR SERVICES
BE 0441.775.216
Hoeilaart · FTE 3.8
Side&Kick
BE 0769.999.559
Mechelen · FTE 3.8
PUBLI TAPTOE
BE 0480.773.570
Eeklo · FTE 3.9
VITAMINES EVENTS
BE 0538.928.931
Herve · FTE 3.9
ART VISION INTERNATIONAL
BE 0863.419.170
Wommelgem · FTE 3.9
Of the 9,792 active companies whose main activity is advertising agencies (NACE 73110), figures are known for 3,842. 658 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2024 · 2 entries · €3,000 awarded · €3,000 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €1,860 | €1,860 |
| 2022 | 1 | €1,140 | €1,140 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.