n11s
ActiveSummary
n11s has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,474 and a net result of €57,651. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+75
Solvency28▲+28
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.61 in 2024; short-term debt: 59.6% and cash: 0.2% of total assets), and 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
2.9%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 259 sector peers (2025).
NBB · sector comparisonPosition among 259 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
29 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Hainaut, Publishing sector
Turnover
€78,050
EBIT margin
-53.1%
Net result
€57,651
2024 · -€43,726
Working capital
-€67,439▼ 40.7%
2024 · -€47,931
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€78,050
Operating result€18,128▲ 156%€13,258▼ 26.9%€27,132▲ 105%-€41,417€83,819
Net result€15,909▲ 209%€10,492▼ 34.0%€19,854▲ 89.2%-€43,726€57,651
EBIT margin-53.1%
Equity€21,259▲ 297%€31,751▲ 49.4%€57,755▲ 81.9%-€25,176€32,474
Total assets€99,599▼ 17.1%€54,889▼ 44.9%€82,477▲ 50.3%€98,458▲ 19.4%€1.1m▲ 1,035%
Debt€78,340▼ 31.8%€23,138▼ 70.5%€24,722▲ 6.8%€123,635▲ 400%€1.1m▲ 778%
Working capital€3,442▲ 45.2%€8,909▲ 159%€35,901▲ 303%-€47,931-€67,439▼ 40.7%
Staff (FTE)3.3
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €83,819 after a loss of €41,417 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€518,869 ▲ 2,085%
Current assets
€598,883 ▲ 702%
Equity and liabilities €1.1m
Equity
€32,474
Debt
€1.1m
Debt finances 97.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€144,132▲
2024 · -€32,147
Cash flow
€117,964▲
2024 · -€34,456
Current ratio
0.90▲
2024 · 0.61
Debt to equity
33.42▲
2024 · -4.91
ROE
177.5%
ROA
5.2%▲
2024 · -44.4%
Interest coverage
7.22▲
2024 · -14.57
Debt ≤ 1 year
€666,322▲
2024 · €122,647
Debt > 1 year
€414,778
Income taxes
€7,214▲
2024 · €102
Staff costs
€159,308
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €78,050 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €109,101 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €159,308 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,043 | €8,481 | €8,556 | €9,270 | €60,313 | ▲ 551% |
| Other operating charges640/8 | €713 | €322 | €2,090 | €1,745 | €695 | ▼ 60.2% |
| Gross operating margin9900 | €26,883 | €22,061 | €37,778 | -€30,403 | €304,135 | ▲ 1,100% |
| Operating profit (loss)9901 | €18,128 | €13,258 | €27,132 | -€41,417 | €83,819 | ▲ 302% |
| Financial income75/76B | €40 | - | - | €0 | €996 | ▲ 1,106,667% |
| Recurring financial income75 | €40 | - | - | €0 | €996 | ▲ 1,106,667% |
| Financial charges65/66B | €1,394 | €474 | €240 | €2,207 | €19,950 | ▲ 804% |
| Recurring financial charges65 | €1,394 | €474 | €240 | €2,207 | €19,950 | ▲ 804% |
| Profit (loss) for the period before taxes9903 | €16,774 | €12,785 | €26,891 | -€43,624 | €64,865 | ▲ 249% |
| Income taxes67/77 | €865 | €2,292 | €7,037 | €102 | €7,214 | ▲ 6,959% |
| Profit (loss) for the period9904 | €15,909 | €10,492 | €19,854 | -€43,726 | €57,651 | ▲ 232% |
| Profit (loss) for the period to be appropriated9905 | €15,909 | €10,492 | €19,854 | -€43,726 | €57,651 | ▲ 232% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €99,599 | €54,889 | €82,477 | €98,458 | €1.1m | ▲ 1,035% |
| Fixed assets21/28 | €40,875 | €32,394 | €24,853 | €23,742 | €518,869 | ▲ 2,085% |
| Intangible fixed assets21 | €40,875 | €32,394 | €23,913 | €15,432 | €508,440 | ▲ 3,195% |
| Tangible fixed assets22/27 | - | - | €941 | €8,310 | €5,877 | ▼ 29.3% |
| Furniture and vehicles24 | - | - | €941 | €8,310 | €5,877 | ▼ 29.3% |
| Financial fixed assets28 | - | - | - | - | €4,552 | - |
| Current assets29/58 | €58,724 | €22,495 | €57,623 | €74,717 | €598,883 | ▲ 702% |
| Amounts receivable within one year40/41 | €16 | €3,354 | €55,023 | €67,124 | €594,245 | ▲ 785% |
| Trade receivables40 | - | - | €54,511 | €51,245 | €593,804 | ▲ 1,059% |
| Other amounts receivable41 | €16 | €3,354 | €513 | €15,879 | €442 | ▼ 97.2% |
| Cash at bank and in hand54/58 | €57,369 | €19,141 | €2,600 | €7,593 | €2,614 | ▼ 65.6% |
| Deferred charges and accrued income490/1 | €1,338 | - | - | - | €2,023 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €99,599 | €54,889 | €82,477 | €98,458 | €1.1m | ▲ 1,035% |
| Equity10/15 | €21,259 | €31,751 | €57,755 | -€25,176 | €32,474 | ▲ 229% |
| Contributions10/11 | €12,400 | €12,400 | €18,550 | €18,550 | €18,550 | = |
| Outside capital11 | €12,400 | €12,400 | - | - | - | - |
| Other1109/19 | €12,400 | €12,400 | - | - | - | - |
| Profit (loss) carried forward14 | €8,859 | €19,351 | €39,205 | -€43,726 | €13,924 | ▲ 132% |
| Amounts payable17/49 | €78,340 | €23,138 | €24,722 | €123,635 | €1.1m | ▲ 778% |
| Amounts payable after more than one year17 | €17,579 | €4,800 | €2,400 | - | €414,778 | - |
| Financial debts170/4 | €17,579 | €4,800 | €2,400 | - | €414,778 | - |
| Amounts payable within one year42/48 | €55,282 | €13,586 | €21,722 | €122,647 | €666,322 | ▲ 443% |
| Current portion of amounts payable after more than one year42 | €19,148 | €12,779 | €2,400 | €2,400 | €59,385 | ▲ 2,374% |
| Financial debts43 | - | - | - | - | €95,476 | - |
| Credit institutions430/8 | - | - | - | - | €95,476 | - |
| Trade debts44 | €31,933 | €478 | €327 | €10,183 | €2,283 | ▼ 77.6% |
| Suppliers440/4 | €31,933 | €478 | €327 | €10,183 | €2,283 | ▼ 77.6% |
| Taxes, remuneration and social security45 | €3,829 | - | €12,889 | €12,017 | €38,305 | ▲ 219% |
| Taxes450/3 | €3,829 | - | €12,889 | €12,017 | €30,128 | ▲ 151% |
| Remuneration and social security454/9 | - | - | - | - | €8,177 | - |
| Other amounts payable47/48 | €373 | €329 | €6,106 | €98,048 | €470,874 | ▲ 380% |
| Accrued charges and deferred income492/3 | €5,479 | €4,752 | €600 | €987 | €4,178 | ▲ 323% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,909 | €10,492 | €19,854 | -€43,726 | €57,651 | ▲ 232% |
| + Depreciation and write-downs630 | €8,043 | €8,481 | €8,556 | €9,270 | €60,313 | ▲ 551% |
| Operating cash flow (approximation) | €23,952 | €18,974 | €28,410 | -€34,456 | €117,964 | ▲ 442% |
| Investment in fixed assets (approximation) | - | €0 | -€1,016 | -€8,158 | -€555,441 | ▼ 6,709% |
| Change in cash | - | -€38,228 | -€16,541 | €4,993 | -€4,979 | ▼ 200% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
State Gazette act
Resignation: Emilien Eloy (sole director)Appointments: Florent Dauvister, GP CREATIVE BV and Dynamic eSports Comm.V · Permanent representatives: Gary Peeters and Birger De Geyter · Director discharge11 facts ▸
State Gazette act
Resignation: Emilien Eloy (sole director)
Appointments: Florent Dauvister, GP CREATIVE BV and Dynamic eSports Comm.V · Permanent representatives: Gary Peeters and Birger De Geyter · Director discharge11 facts ▸
- General meeting, 23-07-2026
- Director resignation, Emilien Eloy (sole director)
- Director discharge, Emilien Eloy (director)
- Director appointment, Florent Dauvister (director)
- Director appointment, GP CREATIVE BV (director)
- Permanent representative, Gary Peeters (permanent representative)
- Director appointment, Dynamic eSports Comm.V (director)
- Permanent representative, Birger De Geyter (permanent representative)
- Registered-office move, Rue Trieu Navarre 1, 6230 Viesville
- Power of attorney, Liesbeth Van den Spiegel
- Power of attorney
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €57,651
Net result €57,651 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€43,726
Net result drops to -€43,726, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €5,149
Net result €5,149 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26118912). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Dynamic eSports Comm. V.
CurrentDirector · since 23-07-2026 · Limited partnership · perm. rep.: Birger De Geyter
Florent Dauvister
CurrentDirector · since 23-07-2026
GP Creative
CurrentDirector · since 23-07-2026 · Private limited company · perm. rep.: Gary Peeters
23-07-2026
Dynamic eSports Comm. V.: Appointed as Director
23-07-2026
Florent Dauvister: Appointed as Director
23-07-2026
GP Creative: Appointed as Director
23-07-2026
Emilien Eloy: Resigned as Sole director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Pont-à-Celles · 1 establishment unit since 2019
Ground area
684 m²
Building footprint
84 m²
Parcel 52067A0175/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Av. des Anciens Combattants(AUV) 2, 5060 Sambreville
since 20192.287.742.525
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52067A0175/00R000 | Wallonia | 684 m² | 1 · 84 m² | - |
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.
Structure & network
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Spacefwd
Shared corporate director
→
Spacefwd Benelux
Shared corporate director
→
Similar companies · same sector, comparable size
Peryton Technologies
BE 0801.632.447
Antwerpen · Eq €32,317
KNOPS MEDIA
BE 0671.610.083
Tienen · Eq €32,234
PROTOSHOP
BE 0673.502.870
Nivelles · Eq €33,027
SENseTENCE
BE 0727.546.718
Gent · Eq €33,089
PADI
BE 0463.211.325
Dendermonde · Eq €33,507
Of 1,287 companies in sector 58290 we hold annual accounts for 593. 407 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
73110Advertising agencies
46190Agents in non-specialised wholesale trade
62200Computer consultancy and computer facilities management
82300Organisation of conventions and trade shows
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.