PHOTON
ActivePHOTON has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €-6k. Equity is shrinking by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
23
/ 100
Critical▲ +21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency21▼-3
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.14 in 2023), and 77.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
22.8%
Return on assets
-6%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8969 sector peers (2024).
NBB · sector comparisonPosition among 8969 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
50 d early
2022
48 d early
2021
30 d early
2020
124 d late
2019
129 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€23k▼ 20.7%
2023 · €29k
2018: €94k
2019: €85k
2020: €68k
2021: €86k
2022: €62k
2023: €29k
2018 → 2024
Total assets
€102k▼ 16.6%
2023 · €122k
2018: €202k
2019: €164k
2020: €154k
2021: €155k
2022: €131k
2023: €122k
2018 → 2024
Net result
€-6k▲ 81.4%
2023 · €-33k
2018: €1k
2019: €-9k
2020: €-17k
2021: €18k
2022: €-24k
2023: €-33k
2018 → 2024
Working capital
€-61k▲ 12.4%
2023 · €-70k
2018: €-30k
2019: €-31k
2020: €-37k
2021: €-22k
2022: €-28k
2023: €-70k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€86k▲ 27.1%€62k▼ 27.9%€29k▼ 52.6%€23k▼ 20.7%
Operating result€-14k-€22k€-22k€-29k▼ 33.6%€-441▲ 98.5%
Net result€-17k-€18k€-24k€-33k▼ 35.8%€-6k▲ 81.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €441 in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €102k
Fixed assets
€93k▼ 16.3%
Current assets
€9k▼ 18.9%
Equity and liabilities €102k
Equity
€23k▼ 20.7%
Debt
€79k▼ 15.2%
The debt ratio rises from 76.0% to 77.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€11k▲
2023 · €-18k
Cash flow
€5k▲
2023 · €-21k
Solvency
22.8%▼
2023 · 24.0%
Current ratio
0.13▼
2023 · 0.14
Quick ratio
0.13▼
2023 · 0.14
Debt / equity
3.38▲
2023 · 3.16
ROE
-26.1%▲
2023 · -111.2%
ROA
-6.0%▲
2023 · -26.7%
Interest coverage
1.93▲
2023 · -5.26
Debt
€79k▼
2023 · €93k
Debt ≤ 1 year
€70k▼
2023 · €81k
Debt > 1 year
€8k▼
2023 · €12k
Income taxes
€170▲
2023 · €108
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€122k€102k▼
Fixed assets21/28€111k€93k▼
Tangible fixed assets22/27€111k€93k▼
Land and buildings22€83k€73k▼
Plant, machinery and equipment23€25k€19k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€150€150=
Current assets29/58€11k€9k▼
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€8k€2k▼
Other amounts receivable41€3k€7k▲
Cash at bank and in hand54/58€517-
Equity and liabilities
Total equity and liabilities10/49€122k€102k▼
Equity10/15€29k€23k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€50k€50k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€44k€44k=
Profit (loss) carried forward14€-83k€-89k▼
Amounts payable17/49€93k€79k▼
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4€12k€8k▼
Amounts payable within one year42/48€81k€70k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€21k€8k▼
Suppliers440/4€21k€8k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€54k€48k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€489▼
Gross operating margin9900€-16k€11k▲
Operating profit (loss)9901€-29k€-441▲
Financial income75/76B€42€63▲
Recurring financial income75€42€63▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-33k€-6k▲
Income taxes67/77€108€170▲
Profit (loss) for the period9904€-33k€-6k▲
Profit (loss) for the period to be appropriated9905€-33k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-89k▼
Profit (loss) brought forward from the previous period14P€-50k€-83k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 495 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
17-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Pieters-Leeuw · 1 establishment unit since 1990
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.
Brabantsebaan 3821600 Sint-Pieters-LeeuwGround area
850 m²
Building footprint
154 m²
Volume, LiDAR
969 m³
Parcel 23073A0100/00G000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brabantsebaan 382, 1600 Sint-Pieters-Leeuw
since 19902.049.513.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23073A0100/00G000 | Flanders | 850 m² | 1 · 153 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
De Praeters
BE 0771.447.829
Hasselt · Eq €23k
POSITIVES
BE 0793.507.213
Schaarbeek · Eq €23k
LAZER BRAND
BE 0426.478.118
Mont-Saint-Guibert · Eq €23k
Adelardus Huise vereniging zonder winstoogmerk
BE 0845.707.465
Kruisem · Eq €23k
PULSE INTERACTIVE COMMUNICATION
BE 0458.512.070
Schaarbeek · Eq €23k
Of 9,810 companies in sector 73110 we hold annual accounts for 3,724. 2,676 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-09-1990
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.