NO LIMITS
ActiveSummary
NO LIMITS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,760 and a net result of -€31. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 95% of 2330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-46
Solvency100=
Growth46▼-9
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 22.61 against 18.47 in 2024; short-term debt: 3.9% and cash: 80.4% of total assets), and 4% of the assets are financed with debt.
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Signals
Four 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
31 d late
2023
9 d late
2022
2 d late
2021
8 d late
2020
5 d early
2019
1 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 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€51,186▼ 32.6%
2024 · €75,927
EBIT margin
-7.5%▼ 10.9pp
2024 · 3.4%
Net result
-€31
2024 · €979
Working capital
€121,531=
2024 · €121,493
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€40,522▲ 41.6%€65,994▲ 62.9%€59,905▼ 9.2%€75,927▲ 26.7%€51,186▼ 32.6%
Operating result€6,175€5,390▼ 12.7%-€17,647€2,608-€3,826
Net result€6,286€5,283▼ 16.0%-€17,763€979-€31
EBIT margin15.2%▲ 46.0pp8.2%▼ 7.1pp-29.5%▼ 37.6pp3.4%▲ 32.9pp-7.5%▼ 10.9pp
Equity€148,292▲ 4.4%€153,575▲ 3.6%€135,812▼ 11.6%€136,791▲ 0.7%€136,760=
Total assets€151,030▲ 5.3%€165,565▲ 9.6%€147,585▼ 10.9%€143,810▼ 2.6%€142,449▼ 0.9%
Debt€2,738▲ 84.0%€11,990▲ 338%€11,773▼ 1.8%€7,019▼ 40.4%€5,690▼ 18.9%
Working capital€131,895▲ 4.6%€137,548▲ 4.3%€120,149▼ 12.6%€121,493▲ 1.1%€121,531=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,826 after €2,608 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,449
Fixed assets
€15,296 ▼ 0.4%
Current assets
€127,154 ▼ 1.0%
Equity and liabilities €142,449
Equity
€136,760 =
Debt
€5,690 ▼ 18.9%
Debt's share of the balance-sheet total falls from 4.9% to 4.0%. Debt is lower.
Key figures and ratios
EBITDA
-€3,758▼
2024 · €2,971
Cash flow
€37▼
2024 · €1,342
Current ratio
22.61▲
2024 · 18.47
Debt to equity
0.04▼
2024 · 0.05
ROE
0.0%▼
2024 · 0.7%
ROA
0.0%▼
2024 · 0.7%
Interest coverage
-32.31▼
2024 · 23.04
Debt ≤ 1 year
€5,623▼
2024 · €6,953
Income taxes
-€3,200▼
2024 · €1,500
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 | €40,522 | €65,994 | €59,905 | €75,927 | €51,186 | ▼ 32.6% |
| Non-recurring operating income76A | - | €5,600 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €46,388 | €62,807 | €75,739 | €71,081 | €53,311 | ▼ 25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €363 | €363 | €363 | €363 | €68 | ▼ 81.4% |
| Other operating charges640/8 | €1,615 | €4,133 | €1,741 | €1,875 | €1,762 | ▼ 6.0% |
| Gross operating margin9900 | €8,154 | €9,887 | -€15,542 | €4,846 | -€1,996 | ▼ 141% |
| Operating profit (loss)9901 | €6,175 | €5,390 | -€17,647 | €2,608 | -€3,826 | ▼ 247% |
| Financial income75/76B | €246 | - | - | - | €711 | - |
| Recurring financial income75 | €246 | - | - | - | €711 | - |
| Financial charges65/66B | €135 | €107 | €116 | €129 | €116 | ▼ 9.8% |
| Recurring financial charges65 | €135 | €107 | €116 | €129 | €116 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €6,286 | €5,283 | -€17,763 | €2,479 | -€3,231 | ▼ 230% |
| Income taxes67/77 | - | - | - | €1,500 | -€3,200 | ▼ 313% |
| Profit (loss) for the period9904 | €6,286 | €5,283 | -€17,763 | €979 | -€31 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €6,286 | €5,283 | -€17,763 | €979 | -€31 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151,030 | €165,565 | €147,585 | €143,810 | €142,449 | ▼ 0.9% |
| Fixed assets21/28 | €16,454 | €16,090 | €15,727 | €15,364 | €15,296 | ▼ 0.4% |
| Intangible fixed assets21 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Tangible fixed assets22/27 | €1,158 | €795 | €431 | €68 | - | - |
| Furniture and vehicles24 | €1,158 | €795 | €431 | €68 | - | - |
| Financial fixed assets28 | €296 | €296 | €296 | €296 | €296 | = |
| Current assets29/58 | €134,576 | €149,475 | €131,858 | €128,446 | €127,154 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €1,863 | €11,133 | €15,017 | €9,504 | €12,447 | ▲ 31.0% |
| Trade receivables40 | €1,466 | €6,353 | €11,934 | €6,860 | €7,612 | ▲ 11.0% |
| Other amounts receivable41 | €397 | €4,780 | €3,083 | €2,644 | €4,834 | ▲ 82.9% |
| Cash at bank and in hand54/58 | €132,713 | €138,342 | €116,692 | €118,793 | €114,551 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | - | - | €149 | €149 | €156 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151,030 | €165,565 | €147,585 | €143,810 | €142,449 | ▼ 0.9% |
| Equity10/15 | €148,292 | €153,575 | €135,812 | €136,791 | €136,760 | = |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | - | - | - |
| Issued capital100 | €18,592 | €18,592 | €18,592 | - | - | - |
| Reserves13 | €45,241 | €45,241 | €45,241 | €45,241 | €45,241 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | = |
| Distributable reserves133 | €43,381 | €43,381 | €43,381 | €43,381 | €43,381 | = |
| Profit (loss) carried forward14 | €84,460 | €89,742 | €71,979 | €72,958 | €72,927 | = |
| Amounts payable17/49 | €2,738 | €11,990 | €11,773 | €7,019 | €5,690 | ▼ 18.9% |
| Amounts payable within one year42/48 | €2,681 | €11,927 | €11,709 | €6,953 | €5,623 | ▼ 19.1% |
| Trade debts44 | €623 | €6,266 | €4,139 | €1,475 | €739 | ▼ 49.9% |
| Suppliers440/4 | €623 | €6,266 | €4,139 | €1,475 | €739 | ▼ 49.9% |
| Advances received on contracts in progress46 | €887 | - | €1,944 | €1,060 | €1,060 | = |
| Taxes, remuneration and social security45 | €1,171 | €5,661 | €5,626 | €4,418 | €3,824 | ▼ 13.4% |
| Taxes450/3 | €1,171 | €2,909 | €3,043 | €2,087 | €2,018 | ▼ 3.3% |
| Remuneration and social security454/9 | - | €2,752 | €2,583 | €2,331 | €1,806 | ▼ 22.5% |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,286 | €5,283 | -€17,763 | €979 | -€31 | ▼ 103% |
| + Depreciation and write-downs630 | €363 | €363 | €363 | €363 | €68 | ▼ 81.4% |
| Operating cash flow (approximation) | €6,650 | €5,646 | -€17,399 | €1,342 | €37 | ▼ 97.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €5,629 | -€21,650 | €2,101 | -€4,243 | ▼ 302% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €979
Net result €979 after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Weakest financial yearnet -€17,763
Net result drops to -€17,763, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-12
Financial
Equity above €150,000Eq €153,575 ▲3.6%
2 profitable years in a row build equity to €153,575.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Back to profitnet €6,286
Net result €6,286 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 8current ratio 200.21
Current ratio from 25.88 to 200.21; short-term debt falls from €5,701 to €633.
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 65 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Ukkel · 1 establishment unit since 1991
Ground area
211 m²
Building footprint
88 m²
Volume, LiDAR
681 m³
Parcel 21616G0412/00W000, Brussels · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NO LIMITS
since 19912.052.336.787
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616G0412/00W000 | Brussels | 211 m² | 1 · 88 m² | 11.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
648858NO0F96QQ4DE037
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Of 6,732 companies in sector 93299 we hold annual accounts for 1,168. 852 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
Founded20-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
93299Other amusement and recreation activities
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.