NA
ActiveSummary
NA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276,773 and a net result of €68,521. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 63 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+46
Solvency90▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 0.93 in 2024; short-term debt: 21.2% and cash: 0.6% of total assets), and 35% of the assets are financed with debt.
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Show the recommended maximum : and 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 91
Relative position
BE, all sectors
reference
Libraries, archives, museums and other cultural activities (NACE 91)
about 68% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
65%
Return on assets
16.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €276,773
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 29-04-2026, 93 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
93 d early
2024
29 d late
2023
27 d late
2022
on the day
2021
18 d late
2020
2 d early
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 30% of the sector filed late.
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. Usually files around 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€276,773▲ 32.9%
2024 · €208,252
Total assets
€425,897▲ 8.3%
2024 · €393,239
Net result
€68,521
2024 · -€7,679
Working capital
€75,027
2024 · -€8,610
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 91, Libraries, archives, museums and other cultural activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€24,276▼ 43.8%-€36,773▼ 51.5%-€49,680▼ 35.1%-€1,807▲ 96.4%€77,474
Net result-€25,588below the sector's middle half▼ 39.3%-€40,621below the sector's middle half▼ 58.7%-€51,715below the sector's middle half▼ 27.3%-€7,679within the sector's middle half▲ 85.2%€68,521above the sector's middle half
Equity€308,267within the sector's middle half▼ 7.7%€267,646within the sector's middle half▼ 13.2%€215,931within the sector's middle half▼ 19.3%€208,252within the sector's middle half▼ 3.6%€276,773within the sector's middle half▲ 32.9%
Total assets€436,932within the sector's middle half▼ 10.9%€434,297within the sector's middle half▼ 0.6%€402,719within the sector's middle half▼ 7.3%€393,239within the sector's middle half▼ 2.4%€425,897within the sector's middle half▲ 8.3%
Debt€128,665▼ 17.7%€166,651▲ 29.5%€186,788▲ 12.1%€184,987▼ 1.0%€149,124▼ 19.4%
Working capital€53,292within the sector's middle half▼ 13.4%€13,817within the sector's middle half▼ 74.1%-€16,261within the sector's middle half-€8,610within the sector's middle half▲ 47.1%€75,027within the sector's middle half
Solvency70.6%within the sector's middle half▲ 2.4pp61.6%within the sector's middle half▼ 8.9pp53.6%within the sector's middle half▼ 8.0pp53.0%within the sector's middle half▼ 0.7pp65.0%within the sector's middle half▲ 12.0pp
Current ratio3.03within the sector's middle half▲ 0.261.16within the sector's middle half▼ 1.870.86within the sector's middle half▼ 0.310.93within the sector's middle half▲ 0.071.83within the sector's middle half▲ 0.90
Return on assets (ROA)-5.9%within the sector's middle half▼ 2.1pp-9.4%below the sector's middle half▼ 3.5pp-12.8%below the sector's middle half▼ 3.5pp-2.0%within the sector's middle half▲ 10.9pp16.1%above the sector's middle half▲ 18.0pp
above
within
below
the middle half (P25 to P75) of NACE 91, Libraries, archives, museums and other cultural 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 returns to profit in 2025: €77,474 after a loss of €1,807 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €425,897
Fixed assets
€260,432 ▼ 8.1%
Current assets
€165,465 ▲ 50.7%
Equity and liabilities €425,897
Equity
€276,773 ▲ 32.9%
Debt
€149,124 ▼ 19.4%
Debt's share of the balance-sheet total falls from 47.0% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100,498▲
2024 · €21,216
Cash flow
€91,544▲
2024 · €15,344
Quick ratio
0.92▲
2024 · 0.24
Debt to equity
0.54▼
2024 · 0.89
ROE
24.8%▲
2024 · -3.7%
Interest coverage
73.64▲
2024 · 3.18
Debt ≤ 1 year
€90,438▼
2024 · €118,394
Debt > 1 year
€58,686▼
2024 · €66,593
Income taxes
€8,442
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,532 | €36,808 | €37,576 | €23,024 | €23,023 | = |
| Other operating charges640/8 | €1,133 | €1,385 | €1,387 | €2,572 | €2,008 | ▼ 21.9% |
| Gross operating margin9900 | €13,389 | €1,420 | -€10,717 | €23,788 | €102,506 | ▲ 331% |
| Operating profit (loss)9901 | -€24,276 | -€36,773 | -€49,680 | -€1,807 | €77,474 | ▲ 4,387% |
| Financial income75/76B | €127 | - | €696 | €807 | €853 | ▲ 5.7% |
| Recurring financial income75 | €127 | - | €696 | €807 | €853 | ▲ 5.7% |
| Financial charges65/66B | €1,439 | €3,218 | €2,731 | €6,679 | €1,365 | ▼ 79.6% |
| Recurring financial charges65 | €1,439 | €3,218 | €2,731 | €6,679 | €1,365 | ▼ 79.6% |
| Profit (loss) for the period before taxes9903 | -€25,588 | -€39,991 | -€51,715 | -€7,679 | €76,963 | ▲ 1,102% |
| Income taxes67/77 | - | €630 | €0 | - | €8,442 | - |
| Profit (loss) for the period9904 | -€25,588 | -€40,621 | -€51,715 | -€7,679 | €68,521 | ▲ 992% |
| Profit (loss) for the period to be appropriated9905 | -€25,588 | -€40,621 | -€51,715 | -€7,679 | €68,521 | ▲ 992% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €436,932 | €434,297 | €402,719 | €393,239 | €425,897 | ▲ 8.3% |
| Fixed assets21/28 | €357,426 | €335,598 | €306,479 | €283,455 | €260,432 | ▼ 8.1% |
| Intangible fixed assets21 | €41,660 | €41,660 | €41,660 | €41,660 | €41,660 | = |
| Tangible fixed assets22/27 | €315,766 | €293,938 | €264,818 | €241,795 | €218,771 | ▼ 9.5% |
| Land and buildings22 | €313,454 | €287,987 | €261,070 | €239,092 | €217,115 | ▼ 9.2% |
| Plant, machinery and equipment23 | - | €4,794 | €3,748 | €2,702 | €1,656 | ▼ 38.7% |
| Furniture and vehicles24 | €2,312 | €1,156 | €0 | €0 | - | - |
| Current assets29/58 | €79,506 | €98,699 | €96,241 | €109,784 | €165,465 | ▲ 50.7% |
| Stocks and contracts in progress3 | - | €81,840 | €81,840 | €81,840 | €81,840 | = |
| Stocks30/36 | - | €81,840 | €81,840 | €81,840 | €81,840 | = |
| Amounts receivable within one year40/41 | €77,117 | €13,255 | €13,142 | €23,372 | €79,280 | ▲ 239% |
| Trade receivables40 | €994 | - | - | €7,919 | €64,908 | ▲ 720% |
| Other amounts receivable41 | €76,123 | €13,255 | €13,142 | €15,453 | €14,372 | ▼ 7.0% |
| Cash at bank and in hand54/58 | €1,842 | €2,967 | €413 | €2,911 | €2,572 | ▼ 11.6% |
| Deferred charges and accrued income490/1 | €546 | €638 | €845 | €1,661 | €1,773 | ▲ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €436,932 | €434,297 | €402,719 | €393,239 | €425,897 | ▲ 8.3% |
| Equity10/15 | €308,267 | €267,646 | €215,931 | €208,252 | €276,773 | ▲ 32.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | €213,314 | €192,105 | €170,896 | €163,071 | €155,246 | ▼ 4.8% |
| Reserves13 | €32,952 | €54,161 | €75,370 | €83,195 | €59,526 | ▼ 28.4% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €26,752 | €47,961 | €69,170 | €76,995 | €53,326 | ▼ 30.7% |
| Profit (loss) carried forward14 | - | -€40,621 | -€92,335 | -€100,015 | €0 | ▲ 100% |
| Amounts payable17/49 | €128,665 | €166,651 | €186,788 | €184,987 | €149,124 | ▼ 19.4% |
| Amounts payable after more than one year17 | €102,451 | €81,769 | €74,286 | €66,593 | €58,686 | ▼ 11.9% |
| Financial debts170/4 | €102,451 | €81,769 | €74,286 | €66,593 | €58,686 | ▼ 11.9% |
| Amounts payable within one year42/48 | €26,214 | €84,883 | €112,502 | €118,394 | €90,438 | ▼ 23.6% |
| Current portion of amounts payable after more than one year42 | €20,286 | €20,683 | €7,483 | €7,692 | €7,908 | ▲ 2.8% |
| Financial debts43 | - | - | €58 | €0 | - | - |
| Credit institutions430/8 | - | - | €58 | €0 | - | - |
| Trade debts44 | €3,060 | - | €9,261 | €9,001 | €389 | ▼ 95.7% |
| Suppliers440/4 | €3,060 | - | €9,261 | €9,001 | €389 | ▼ 95.7% |
| Taxes, remuneration and social security45 | €2,867 | - | - | - | €8,442 | - |
| Taxes450/3 | €2,867 | - | - | - | €8,442 | - |
| Other amounts payable47/48 | - | €64,200 | €95,700 | €101,700 | €73,700 | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,588 | -€40,621 | -€51,715 | -€7,679 | €68,521 | ▲ 992% |
| + Depreciation and write-downs630 | €36,532 | €36,808 | €37,576 | €23,024 | €23,023 | = |
| Operating cash flow (approximation) | €10,944 | -€3,813 | -€14,138 | €15,344 | €91,544 | ▲ 497% |
| Investment in fixed assets (approximation) | - | -€14,980 | -€8,457 | €0 | €0 | - |
| Change in cash | - | €1,125 | -€2,554 | €2,498 | -€338 | ▼ 114% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
25-03
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- Board meeting, 19/01/2026
- Registered-office move, Ferdinand Lousbergkaai 100 B/001, 9000 Gent
- Power of attorney, BV "Het Accountantskantoor", Soenen & Grammens
2025
31-12
Financial
Back to profitnet €68,521
Net result €68,521 after 5 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet -€51,715
Net result drops to -€51,715, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1994
Ground area
7,754 m²
Building footprint
1,102 m²
Volume, LiDAR
14,386 m³
Parcel 44811L0021/00S024, Flanders · tallest building 16.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NA NV
since 19942.067.920.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44811L0021/00S024 | Flanders | 7,754 m² | 1 · 1,102 m² | 16.3 m · 5 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.
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Of 214 companies in sector 91210 we hold annual accounts for 78. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded04-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
91210Libraries, archives, museums and other cultural activities
58190Other publishing activities, excluding software publishing
62200Computer consultancy and computer facilities management
73110Advertising agencies
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453046418
Also
9925:BE0453046418
Registered
28-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.