Never Say Never
ActiveNever Say Never has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €8k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▼-16
Solvency95=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 3.17 against 3.18 in 2024; short-term debt: 29.9% and cash: 37.5% of total assets), and 30.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
27 d early
2022
31 d early
2021
23 d early
← before the deadline
after the deadline →
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 close17-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k▼ 63.7%
2024 · €22k
2021: €27k
2022: €30k
2023: €25k
2024: €22k
2021 → 2025
Working capital
€42k▼ 8.2%
2024 · €45k
2021: €3k
2022: €24k
2023: €37k
2024: €45k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€31k▲ 94.5%€42k▲ 34.4%€50k▲ 18.0%€45k▼ 10.0%
Operating result€33k-€39k▲ 19.0%€34k▼ 13.8%€30k▼ 10.3%€12k▼ 61.8%
Net result€27k-€30k▲ 11.7%€25k▼ 15.0%€22k▼ 12.6%€8k▼ 63.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€3k▼ 27.5%
Current assets
€61k▼ 8.1%
Equity and liabilities €64k
Equity
€45k▼ 10.0%
Debt
€19k▼ 7.8%
The debt ratio rises from 29.9% to 30.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €33k
Cash flow
€11k▼
2024 · €25k
Solvency
69.6%▼
2024 · 70.1%
Current ratio
3.17▼
2024 · 3.18
Quick ratio
3.17▼
2024 · 3.18
Debt / equity
0.44▲
2024 · 0.43
ROE
18.0%▼
2024 · 44.5%
ROA
12.5%▼
2024 · 31.2%
Interest coverage
221.37▲
2024 · 90.73
Debt
€19k▼
2024 · €21k
Debt ≤ 1 year
€19k▼
2024 · €21k
Income taxes
€6k▼
2024 · €10k
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€71k€64k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Financial fixed assets28€188€188=
Current assets29/58€66k€61k▼
Amounts receivable within one year40/41€45k€35k▼
Trade receivables40€41k€28k▼
Other amounts receivable41€4k€8k▲
Cash at bank and in hand54/58€20k€24k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€71k€64k▼
Equity10/15€50k€45k▼
Contributions10/11€2k€2k=
Reserves13€46k€41k▼
Non-distributable reserves130/1€43k€38k▼
Reserves not available under the articles1311€43k€38k▼
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€21k€19k▼
Amounts payable within one year42/48€21k€19k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€10k€12k▲
Accrued charges and deferred income492/3€304€304=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€382€263▼
Gross operating margin9900€34k€15k▼
Operating profit (loss)9901€30k€12k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€369€67▼
Recurring financial charges65€369€67▼
Profit (loss) for the period before taxes9903€32k€14k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€22k€8k▼
Profit (loss) for the period to be appropriated9905€22k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€10k▼
Profit (loss) brought forward from the previous period14P€1k€2k▲
Transfer from equity791/2-€13k
Transfer to equity691/2€10k€8k▼
To other reserves6921€10k€8k▼
Shareholders' contribution to the loss794€3k-
Profit to be distributed694/7€15k€13k▼
Return on contributions (dividend)694€15k€13k▼
The notes to these accounts (6 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
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €8k ▼63.7%
Net result drops to €8k, the lowest in the series.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2021net €30k ▲11.7%
Operating result €39k, net result €30k, both a record.
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 2020
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.
Brusselse Steenweg 3341190 VorstGround area
165 m²
Building footprint
89 m²
Volume, LiDAR
1,002 m³
Parcel 21007A0069/00F011, Brussels · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Never Say Never
since 20202.302.436.738
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0069/00F011 | Brussels | 165 m² | 1 · 89 m² | 15.7 m · 4 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.
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FAIRLIGHT
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Het Depot
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JMB REPRESENTATIONS
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Of 3,394 companies in sector 90393 we hold annual accounts for 938. 732 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-05-2020
Fiscal year end31-03
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.