NRGIZZ
ActiveThe file of NRGIZZ contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 1.5% (moderate). The 2024 annual accounts show negative equity (-€5,466) and a net result of €4,152. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 8968 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-22
Solvency15▲+7
Growth32=
Track record85
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.61 in 2023; short-term debt: 93.5% and cash: 7.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-9.6%
Return on assets
7.3%
Age of the figures
21 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8968 sector peers (2024).
NBB · sector comparisonPosition among 8968 sector peers
Solvency
better than 11%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-12-2025, 132 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
132 d late
2023
315 d late
2022
72 d late
2021
194 d late
2020
318 d late
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 184 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,152▼ 80.9%
2023 · €21,755
Working capital
-€8,005▲ 57.1%
2023 · -€18,672
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Operating result-€9,397-€288▲ 96.9%-€23,394▼ 8,035%€23,169€10,681▼ 53.9%
Net result-€12,763below the sector's middle half-€1,814below the sector's middle half▲ 85.8%-€25,826below the sector's middle half▼ 1,324%€21,755within the sector's middle half€4,152within the sector's middle half▼ 80.9%
Equity-€3,227below the sector's middle half-€5,041below the sector's middle half▼ 56.2%-€30,867below the sector's middle half▼ 512%-€9,113below the sector's middle half▲ 70.5%-€5,466below the sector's middle half▲ 40.0%
Total assets€114,095within the sector's middle half▲ 16.8%€113,317within the sector's middle half▼ 0.7%€91,643within the sector's middle half▼ 19.1%€53,653below the sector's middle half▼ 41.5%€56,883below the sector's middle half▲ 6.0%
Debt€117,322▲ 33.1%€118,357▲ 0.9%€122,510▲ 3.5%€62,766▼ 48.8%€62,349▼ 0.7%
Working capital-€101,607below the sector's middle half▼ 205%-€99,954below the sector's middle half▲ 1.6%-€87,124below the sector's middle half▲ 12.8%-€18,672below the sector's middle half▲ 78.6%-€8,005below the sector's middle half▲ 57.1%
Solvency-2.8%below the sector's middle half▼ 12.6pp-4.4%below the sector's middle half▼ 1.6pp-33.7%below the sector's middle half▼ 29.2pp-17.0%below the sector's middle half▲ 16.7pp-9.6%below the sector's middle half▲ 7.4pp
Current ratio0.12below the sector's middle half▼ 0.480.16below the sector's middle half▲ 0.040.29below the sector's middle half▲ 0.130.61below the sector's middle half▲ 0.320.85below the sector's middle half▲ 0.24
Return on assets (ROA)-11.2%below the sector's middle half▼ 13.3pp-1.6%below the sector's middle half▲ 9.6pp-28.2%below the sector's middle half▼ 26.6pp40.5%above the sector's middle half▲ 68.7pp7.3%within the sector's middle half▼ 33.2pp
Staff (FTE)0.7below the sector's middle half▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,883
Fixed assets
€11,674 ▼ 51.6%
Current assets
€45,210 ▲ 53.1%
Key figures and ratios
EBITDA
€23,139▼
2023 · €55,294
Cash flow
€16,610▼
2023 · €53,879
Quick ratio
0.64▲
2023 · 0.61
Debt to equity
-11.41▼
2023 · -6.89
Interest coverage
8.69▼
2023 · 77.23
Debt ≤ 1 year
€53,214▲
2023 · €48,194
Debt > 1 year
€9,135▼
2023 · €14,572
Income taxes
€4,222▲
2023 · €2,021
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20,895 | €5,559 | - | €700 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,140 | €33,444 | €40,642 | €32,124 | €12,458 | ▼ 61.2% |
| Other operating charges640/8 | €1,627 | €757 | - | €351 | €200 | ▼ 43.0% |
| Non-recurring operating charges66A | - | - | - | - | €10 | - |
| Gross operating margin9900 | €36,265 | €39,472 | €17,248 | €56,345 | €23,349 | ▼ 58.6% |
| Operating profit (loss)9901 | -€9,397 | -€288 | -€23,394 | €23,169 | €10,681 | ▼ 53.9% |
| Financial income75/76B | €56 | €554 | €94 | €1,322 | €355 | ▼ 73.2% |
| Recurring financial income75 | €56 | €554 | €94 | €1,322 | €355 | ▼ 73.2% |
| Financial charges65/66B | €3,071 | €1,224 | €2,190 | €716 | €2,662 | ▲ 272% |
| Recurring financial charges65 | €3,071 | €1,224 | €2,190 | €716 | €2,662 | ▲ 272% |
| Profit (loss) for the period before taxes9903 | -€12,412 | -€957 | -€25,490 | €23,776 | €8,374 | ▼ 64.8% |
| Income taxes67/77 | €351 | €857 | €337 | €2,021 | €4,222 | ▲ 109% |
| Profit (loss) for the period9904 | -€12,763 | -€1,814 | -€25,826 | €21,755 | €4,152 | ▼ 80.9% |
| Profit (loss) for the period to be appropriated9905 | -€12,763 | -€1,814 | -€25,826 | €21,755 | €4,152 | ▼ 80.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,095 | €113,317 | €91,643 | €53,653 | €56,883 | ▲ 6.0% |
| Fixed assets21/28 | €100,520 | €94,913 | €56,256 | €24,132 | €11,674 | ▼ 51.6% |
| Tangible fixed assets22/27 | €100,320 | €94,713 | €56,056 | €23,932 | €11,474 | ▼ 52.1% |
| Plant, machinery and equipment23 | €77,350 | €77,588 | €44,223 | €18,737 | €8,670 | ▼ 53.7% |
| Furniture and vehicles24 | €22,970 | €17,126 | €11,833 | €5,195 | €2,804 | ▼ 46.0% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €13,575 | €18,403 | €35,386 | €29,521 | €45,210 | ▲ 53.1% |
| Stocks and contracts in progress3 | - | - | - | - | €10,980 | - |
| Stocks30/36 | - | - | - | - | €10,980 | - |
| Amounts receivable within one year40/41 | €11,073 | €16,914 | €27,661 | €22,194 | €29,714 | ▲ 33.9% |
| Trade receivables40 | €11,073 | €16,914 | €27,661 | €22,194 | €29,714 | ▲ 33.9% |
| Current investments50/53 | €975 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €1,489 | €7,141 | €5,351 | €4,515 | ▼ 15.6% |
| Deferred charges and accrued income490/1 | €1,527 | - | €584 | €1,976 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,095 | €113,317 | €91,643 | €53,653 | €56,883 | ▲ 6.0% |
| Equity10/15 | -€3,227 | -€5,041 | -€30,867 | -€9,113 | -€5,466 | ▲ 40.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€21,827 | -€23,641 | -€49,467 | -€27,713 | -€24,066 | ▲ 13.2% |
| Amounts payable17/49 | €117,322 | €118,357 | €122,510 | €62,766 | €62,349 | ▼ 0.7% |
| Amounts payable after more than one year17 | €2,140 | - | - | €14,572 | €9,135 | ▼ 37.3% |
| Financial debts170/4 | €2,140 | - | - | €14,572 | €9,135 | ▼ 37.3% |
| Amounts payable within one year42/48 | €115,182 | €118,357 | €122,510 | €48,194 | €53,214 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | €3,440 | €2,140 | €1,185 | €4,968 | €5,438 | ▲ 9.5% |
| Financial debts43 | €16,825 | €23,220 | €2,483 | - | - | - |
| Credit institutions430/8 | €16,825 | €23,220 | €2,483 | - | - | - |
| Trade debts44 | €30,917 | €21,637 | €34,978 | €4,235 | €29,916 | ▲ 606% |
| Suppliers440/4 | €30,917 | €21,637 | €34,978 | €4,235 | €29,916 | ▲ 606% |
| Taxes, remuneration and social security45 | €26,227 | €31,234 | €18,297 | €3,973 | €9,054 | ▲ 128% |
| Taxes450/3 | €19,285 | €21,894 | €11,038 | €3,973 | €9,054 | ▲ 128% |
| Remuneration and social security454/9 | €6,941 | €9,340 | €7,259 | - | - | - |
| Other amounts payable47/48 | €37,773 | €40,127 | €65,567 | €35,018 | €8,807 | ▼ 74.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,763 | -€1,814 | -€25,826 | €21,755 | €4,152 | ▼ 80.9% |
| + Depreciation and write-downs630 | €23,140 | €33,444 | €40,642 | €32,124 | €12,458 | ▼ 61.2% |
| Operating cash flow (approximation) | €10,377 | €31,630 | €14,815 | €53,879 | €16,610 | ▼ 69.2% |
| Investment in fixed assets (approximation) | - | -€27,838 | -€1,985 | €0 | €0 | - |
| Change in cash | - | - | €5,652 | -€1,789 | -€836 | ▲ 53.3% |
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
2026
13-08
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 28-07-2026
29-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 23-06-2026
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 132 days late
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 315 days late
2023
31-12
Financial
Back to profitnet €21,755
Net result €21,755 after 3 loss-making years.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 194 days late
2022
31-12
Financial
Weakest financial yearnet -€25,826
Net result drops to -€25,826, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 318 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 111 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 454 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 819 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ganshoren · 1 establishment unit since 2016
Ground area
904 m²
Building footprint
274 m²
Volume, LiDAR
3,983 m³
2 parcels, Brussels · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Artizz
since 20162.259.626.975
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0151/00K002 | Brussels | 618 m² | 1 · 167 m² | 17.7 m · 5 fl. |
| 21392A0095/00S003indicative | Brussels | 286 m² | 1 · 107 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | TOON PROOST VICTOR NONNEMANSTRAAT 15 B,
1600 SINT-PIETERS-LEEUW |
23-06-2026 → 28-07-2026 |
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,758. 2,065 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)
Founded19-03-2015
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
18110Printing and reproduction of recorded media
43240Other construction installation
46500Wholesale of information and communication equipment
47120Other non-specialised retail sale
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0607848817
Also
9925:BE0607848817
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.