Financials
- Fiscal year
- 2025
- Total assets
- €127,815
- Loss
- -€17,667
- Solvency
- 5.6%
Total assets▼ 11.6%
Net result
20182025
PRESTART
ActiveSummary
The annual accounts of PRESTART for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €7,217 and a net result of -€17,667. Equity is shrinking by ~32.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 8504 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Advertising agencies
NACE 73110NACE 74401
1 site
Size
€127,815total assets 2025
- Equity
- €7,217
- Loss
- -€17,667
Turnover not published (abridged schema)
Structure
Accounts filed 6 d late0 of 2 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €17,667 (FY 2025)- Equity €7,217 (5.6% of total assets)+ Size: total assets €127,815+ Liquidity: current ratio 0.56, cash €57,865Show the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
31-11
equity 5.6% of total assets
Liquidity
50-5
short-term debt 94.4% · cash 45.3%
Profitability
51-27
return on assets -13.8%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● 0.0% vs 11-2024
01-2025: 0.2%▼ -14.0% vs 12-2024
02-2025: 0.2%▼ -2.2% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.2%▼ -7.2% vs 03-2025
05-2025: 0.2%▲ +1.9% vs 04-2025
06-2025: 0.2%▼ -3.8% vs 05-2025
07-2025: 0.2%▲ +14.8% vs 06-2025
08-2025: 0.1%▼ -55.4% vs 07-2025
09-2025: 0.1%▼ -2.9% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%▼ -1.0% vs 12-2025lowest value
02-2026: 0.1%● 0.0% vs 01-2026lowest value
03-2026: 0.1%● 0.0% vs 02-2026lowest value
04-2026: 0.1%▲ +7.0% vs 03-2026
05-2026: 0.1%▲ +2.8% vs 04-2026
06-2026: 0.1%▼ -3.6% vs 05-2026
07-2026: 0.1%▲ +6.6% vs 06-2026
08-2026: 0.3%▲ +132% vs 07-2026
09-2026: 0.4%▲ +51.1% vs 08-2026highest value
10-2026: 0.4%● 0.0% vs 09-2026highest value
- Loss of €17,667 (FY 2025) raises the probability
- Size: total assets €127,815 lowers the probability for this profile
- Liquidity: current ratio 0.56, cash €57,865 lowers the probability
- Equity €7,217 (5.6% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.56 against 0.7 in 2024; short-term debt: 94.4% and cash: 45.3% of total assets), and 94.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 17%, liquidity 35%, profitability 30%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8504 sector peers (2025).
NBB · sector comparisonPosition among 8504 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
16 d early
2023
5 d early
2022
47 d early
2021
53 d early
2020
33 d early
2019
52 d early
← 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 29 days before 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 (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. Usually files around 15 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €11,155
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 06-08-2026Annual accounts filed
- 15-07-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Advertising agenciesNACE 73110
- Founded
- 16-11-1998
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.