PixelGhost
ActivePixelGhost has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €49k. Equity is shrinking by ~26.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 17% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+2
Solvency39▲+10
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
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
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
13.9%
Return on assets
102.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 16989 sector peers (2025).
NBB · sector comparisonPosition among 16989 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 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 · 5 filingsDeviation from the deadline
2025
34 d late
2024
18 d late
2023
8 d late
2022
28 d late
2021
4 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▲ 31.7%
2024 · €5k
2021: €56k
2022: €74k
2023: €93k
2024: €5k
2021 → 2025
Total assets
€48k▼ 61.5%
2024 · €123k
2021: €66k
2022: €90k
2023: €109k
2024: €123k
2021 → 2025
Net result
€49k▲ 70.6%
2024 · €28k
2021: €51k
2022: €18k
2023: €19k
2024: €28k
2021 → 2025
Working capital
€6k▲ 52.5%
2024 · €4k
2021: €56k
2022: €75k
2023: €105k
2024: €4k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€74k▲ 32.3%€93k▲ 25.3%€5k▼ 94.6%€7k▲ 31.7%
Operating result€64k-€23k▼ 63.8%€24k▲ 3.7%€35k▲ 45.0%€60k▲ 72.1%
Net result€51k-€18k▼ 64.5%€19k▲ 3.4%€28k▲ 51.3%€49k▲ 70.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€549▼ 48.9%
Current assets
€47k▼ 61.6%
Equity and liabilities €48k
Equity
€7k▲ 31.7%
Debt
€41k▼ 65.4%
The debt ratio falls from 95.9% to 86.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €35k
Cash flow
€49k▲
2024 · €29k
Solvency
13.9%▲
2024 · 4.1%
Current ratio
1.15▲
2024 · 1.03
Quick ratio
1.15▲
2024 · 1.03
Debt / equity
6.21▼
2024 · 23.68
ROE
737.7%▲
2024 · 569.5%
ROA
102.3%▲
2024 · 23.1%
Interest coverage
977.50▲
2024 · 284.42
Debt
€41k▼
2024 · €118k
Debt ≤ 1 year
€41k▼
2024 · €118k
Income taxes
€13k▲
2024 · €8k
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€123k€48k▼
Fixed assets21/28€1k€549▼
Tangible fixed assets22/27€996€471▼
Furniture and vehicles24€996€471▼
Financial fixed assets28€78€78▼
Current assets29/58€122k€47k▼
Amounts receivable within one year40/41€9k€10k▲
Trade receivables40€8k€9k▲
Other amounts receivable41€642€384▼
Cash at bank and in hand54/58€113k€37k▼
Deferred charges and accrued income490/1€533€442▼
Equity and liabilities
Total equity and liabilities10/49€123k€48k▼
Equity10/15€5k€7k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14-€2k
Amounts payable17/49€118k€41k▼
Amounts payable within one year42/48€118k€41k▼
Trade debts44€1k€371▼
Suppliers440/4€1k€371▼
Taxes, remuneration and social security45€18k€596▼
Taxes450/3€18k€596▼
Other amounts payable47/48€99k€40k▼
Accrued charges and deferred income492/3€34-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€525€525=
Other operating charges640/8€451€465▲
Gross operating margin9900€36k€61k▲
Operating profit (loss)9901€35k€60k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€125€62▼
Recurring financial charges65€125€62▼
Profit (loss) for the period before taxes9903€36k€62k▲
Income taxes67/77€8k€13k▲
Profit (loss) for the period9904€28k€49k▲
Profit (loss) for the period to be appropriated9905€28k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€49k▼
Profit (loss) brought forward from the previous period14P€88k-
Profit to be distributed694/7€117k€47k▼
Return on contributions (dividend)694€117k€47k▼
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
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
31-12
Financial
Liquidity times 10current ratio 56.39
Current ratio from 5.85 to 56.39; short-term debt falls from €15k to €2k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €18k ▼64.5%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
27-07
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.
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, Vorst · 1 establishment unit since 2021
Ground area
527 m²
Building footprint
237 m²
Volume, LiDAR
3,491 m³
Parcel 21007A0027/00H009, Brussels · tallest building 20.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Canadastraat 17, 1190 Vorst
since 20212.316.825.697
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0027/00H009 | Brussels | 527 m² | 1 · 237 m² | 20.1 m · 5 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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Of 29,995 companies in sector 62200 we hold annual accounts for 18,391. 7,347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62020IT consultancy
62900Other information technology and computer services
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.