Equity
Debts exceed assets in financial year 2024.
Debts exceed assets in financial year 2024.
Every financial year from 2017 to 2024 closed with a loss. 2017 was the heaviest.
2025 accounts not filed: deadline was 31-07-2026.
In July 2024, 2,795 companies had the same profile as PROFIL has now. Each dot stands for 7 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,795 companies, not a prediction for PROFIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
PROFIL files the micro format. That format states no turnover. The gross margin fell from €129,150 in 2006 to -€795 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 15 November 2026.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
176,454 | 177,780 | 178,579 | 259,382 | 260,196 | 276,345 | 338,895 | 361,717 | 349,144 | 367,569 | 397,904 | 591,467 | 618,233 | 623,474 | 533,766 | 784,548 | 628,501 | 787,654 | |
21/28 |
39,770 | 40,988 | 41,232 | 42,062 | 42,062 | 42,758 | 43,028 | 48,834 | 52,940 | 56,149 | 61,175 | 47,460 | 91,534 | 111,877 | 62,359 | 82,271 | 94,677 | 148,372 | |
22/27 |
- | 1,218 | 1,461 | 2,292 | 2,292 | 2,987 | 3,258 | 9,064 | 13,169 | 16,378 | 21,405 | 7,689 | 51,764 | 72,106 | 22,589 | 42,500 | 54,907 | 108,602 | |
23 |
- | 1,218 | 1,461 | 2,172 | 2,172 | 2,748 | 2,402 | 3,980 | 4,951 | 4,051 | 4,969 | 7,389 | 9,284 | 13,777 | 16,726 | 26,406 | 31,308 | 60,240 | |
24 |
- | - | - | 120 | 120 | 240 | 855 | 5,084 | 8,218 | 12,327 | 16,436 | 300 | 42,480 | 58,329 | 5,863 | 16,094 | 23,599 | 48,362 | |
28 |
39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | 39,770 | |
29/58 |
136,683 | 136,792 | 137,347 | 217,319 | 218,134 | 233,587 | 295,867 | 312,882 | 296,205 | 311,420 | 336,729 | 544,007 | 526,698 | 511,597 | 471,406 | 702,277 | 533,823 | 639,281 | |
40/41 |
136,683 | 136,683 | 136,683 | 213,498 | 217,979 | 229,484 | 238,498 | 224,048 | 262,470 | 231,817 | 294,227 | 298,036 | 236,330 | 247,396 | 273,186 | 268,542 | 426,744 | 235,429 | |
40 |
120,463 | 120,463 | 120,463 | 197,278 | 202,417 | 211,632 | 224,565 | 209,648 | 247,088 | 231,817 | 294,227 | 298,036 | 236,330 | 234,126 | 252,593 | 268,254 | 426,744 | 235,429 | |
41 |
16,220 | 16,220 | 16,220 | 16,220 | 15,562 | 17,852 | 13,933 | 14,400 | 15,382 | - | - | - | - | 13,270 | 20,592 | 288 | - | - | |
54/58 |
- | 109 | 664 | 3,822 | 155 | 4,103 | 57,369 | 88,306 | 33,734 | 79,603 | 42,502 | 245,971 | 290,369 | 264,201 | 198,220 | 433,735 | 107,079 | 403,852 | |
490/1 |
- | - | - | - | - | - | - | 528 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
176,454 | 177,780 | 178,579 | 259,382 | 260,196 | 276,345 | 338,895 | 361,717 | 349,144 | 367,569 | 397,904 | 591,467 | 618,233 | 623,474 | 533,766 | 784,548 | 628,501 | 787,654 | |
10/15 |
-10,081 | -7,727 | -5,529 | 4,558 | 11,882 | 30,505 | 66,002 | 115,419 | 98,433 | 114,060 | 137,042 | 208,807 | 238,589 | 269,142 | 273,602 | 251,852 | 225,959 | 219,279 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
14 |
-78,281 | -75,927 | -73,729 | -63,642 | -56,318 | -37,695 | -2,198 | 47,219 | 30,233 | 45,860 | 68,842 | 140,607 | 170,389 | 200,942 | 205,402 | 183,652 | 157,759 | 151,079 | |
17/49 |
186,534 | 185,507 | 184,108 | 254,823 | 248,314 | 245,840 | 272,893 | 246,298 | 250,712 | 253,509 | 260,863 | 382,659 | 379,643 | 354,332 | 260,164 | 532,696 | 402,542 | 568,375 | |
17 |
- | - | - | - | - | - | - | 1,353 | 6,665 | 11,825 | 16,836 | 9,208 | 25,282 | 40,740 | - | 4,956 | 19,880 | 71,659 | |
170/4 |
- | - | - | - | - | - | - | 1,353 | 6,665 | 11,825 | 16,836 | 9,208 | 25,282 | 40,740 | - | 4,956 | 19,880 | 71,659 | |
42/48 |
186,534 | 185,507 | 184,108 | 254,823 | 248,314 | 245,840 | 272,893 | 244,945 | 244,046 | 241,684 | 243,989 | 373,451 | 354,361 | 313,592 | 260,164 | 527,740 | 382,662 | 496,716 | |
42 |
- | - | - | - | - | - | - | - | - | - | 9,432 | 16,074 | 15,457 | 15,074 | - | - | - | - | |
43 |
28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
28 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
136,741 | 136,741 | 136,741 | 220,459 | 217,815 | 215,657 | 240,183 | 213,049 | 212,891 | 206,891 | 227,232 | 345,308 | 300,906 | 297,259 | 256,787 | 524,971 | 359,822 | 434,605 | |
440/4 |
136,741 | 136,741 | 136,741 | 220,459 | 217,815 | 215,657 | 240,183 | 213,049 | 212,891 | 206,891 | 227,232 | 345,308 | 300,906 | 297,259 | 256,787 | 524,971 | 359,822 | 434,605 | |
46 |
- | - | - | - | - | - | - | - | - | 37 | - | - | - | - | - | - | - | - | |
45 |
- | - | - | - | 94 | 183 | 2,711 | 1,897 | 1,156 | 3,961 | 7,267 | 11,973 | 37,960 | 1,259 | 3,377 | 2,769 | 22,839 | 62,111 | |
450/3 |
- | - | - | - | - | 89 | 2,616 | 1,802 | 1,061 | 3,090 | 6,886 | 11,876 | 35,324 | 487 | 80 | 80 | 14,493 | 62,111 | |
454/9 |
- | - | - | - | 94 | 94 | 94 | 94 | 94 | 871 | 381 | 97 | 2,636 | 772 | 3,297 | 2,689 | 8,347 | - | |
47/48 |
49,765 | 48,765 | 47,367 | 34,364 | 30,405 | 30,000 | 30,000 | 30,000 | 30,000 | 30,795 | 59 | 96 | 37 | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 37 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | 1,200 | - | 5,560 | 70,067 | 125,240 | 102,660 | 173,652 | 341,110 | 483,122 | 554,795 | 584,457 | 660,060 | 828,795 | 712,830 | 666,084 | |
76A |
- | - | - | 2,425 | 2,657 | 9,485 | 1,133 | 1,290 | 604 | 0 | - | 362 | 3,512 | 808 | 14,093 | 574 | 484 | 7,443 | |
9900 |
-795 | -1,702 | -4,528 | -6,938 | -17,780 | -33,427 | -40,830 | 24,063 | -8,133 | -4,887 | -34,425 | 53,937 | -1,967 | 76,850 | 60,663 | 88,720 | 121,440 | 129,150 | |
60/61 |
- | - | - | 10,562 | 20,437 | 48,472 | 112,030 | 102,467 | 111,487 | 180,039 | 381,185 | 434,402 | 556,762 | 507,607 | 599,397 | 740,075 | 591,390 | 536,934 | |
62 |
- | - | - | - | - | - | - | - | 911 | 10,223 | 24,022 | 14,835 | 1,567 | 7,386 | 16,872 | 10,109 | 586 | 224 | |
630 |
1,218 | 244 | 306 | - | 695 | 1,232 | 6,118 | 6,811 | 6,289 | 6,481 | 8,505 | 7,102 | 21,487 | 29,745 | 24,103 | 33,020 | 61,575 | 63,872 | |
640/8 |
- | - | - | - | - | 470 | 325 | 55 | 357 | 673 | 1,124 | - | 8,585 | 8,310 | 11,606 | 3,908 | 3,998 | 4,405 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 41,095 | - | - | 0 | - | - | - | |
9901 |
-2,012 | -1,945 | -4,834 | -6,938 | -18,475 | -35,129 | -47,273 | 17,197 | -15,691 | -22,264 | -68,076 | 32,000 | -33,607 | 31,409 | 8,082 | 41,683 | 55,281 | 60,650 | |
75/76B |
- | - | - | - | 23 | - | - | - | - | - | - | 6,004 | 1,018 | 898 | 809 | 7,739 | 5,131 | 3,328 | |
75 |
- | - | - | - | 23 | - | - | - | - | - | - | 6,004 | 1,018 | 898 | 809 | 7,739 | 5,131 | 3,328 | |
65/66B |
341 | 252 | 280 | 272 | 171 | 241 | 145 | 158 | 541 | 718 | 1,953 | 1,838 | 1,440 | 1,140 | 1,121 | 2,164 | 2,364 | 4,736 | |
65 |
341 | 252 | 280 | 272 | 171 | 241 | 145 | 158 | 541 | 718 | 1,953 | 1,838 | 1,440 | 1,140 | 1,121 | 2,164 | 2,364 | 4,736 | |
9903 |
-2,354 | -2,198 | -5,114 | -7,210 | -18,623 | -35,369 | -47,418 | 17,039 | -15,627 | -22,982 | -70,028 | -4,566 | -30,517 | 31,975 | 21,863 | 47,832 | 58,533 | 66,685 | |
67/77 |
- | - | - | 114 | - | 128 | 1,998 | 53 | - | - | 1,737 | 25,216 | 36 | 36,435 | 114 | 21,939 | 51,853 | 57,484 | |
9904 |
-2,354 | -2,198 | -5,114 | -7,324 | -18,623 | -35,497 | -49,417 | 16,986 | -15,627 | -22,982 | -71,766 | -29,782 | -30,553 | -4,460 | 21,750 | 25,893 | 6,680 | 9,201 | |
9905 |
-2,354 | -2,198 | -5,114 | -7,324 | -18,623 | -35,497 | -49,417 | 16,986 | -15,627 | -22,982 | -71,766 | -29,782 | -30,553 | -4,460 | 21,750 | 25,893 | 6,680 | 9,201 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-78,281 | -75,927 | -73,729 | -63,642 | -56,318 | -37,695 | -2,198 | 47,219 | 30,233 | 45,860 | 68,842 | 140,607 | 170,389 | 200,942 | 205,402 | 183,652 | 157,759 | 151,079 | |
14P |
-75,927 | -73,729 | -68,615 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | 0.5 | 1 | 0.8 | 0.5 | 0.5 | 1.6 | 1.2 | - | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | 714 | 1,778 | 1,436 | 54 | 7,386 | 2,455 | 2,082 | - | - | |
| Document | |||||||||||||||||||
The accounts for 13 older financial years (1993-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 27-08-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 27-08-2025 | 2025-00413134 | |
| 31-12-2023 | micro format | 26-08-2024 | 2024-00371252 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00270941 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69000384 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-65800499 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-50500302 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-52100371 | |
| 31-12-2016 | micro format | 23-08-2017 | 2017-47400075 | |
| 31-12-2015 | full format | 29-08-2016 | 2016-50300595 | |
| 31-12-2014 | full format | 24-08-2015 | 2015-46000106 | |
| 31-12-2013 | full format | 28-08-2014 | 2014-51000316 | |
| 31-12-2012 | full format | 27-08-2013 | 2013-48200508 | |
| 31-12-2011 | full format | 27-07-2012 | 2012-35900600 | |
| 31-12-2010 | full format | 04-08-2011 | 2011-38000066 | |
| 31-12-2009 | full format | 03-08-2010 | 2010-38400078 | |
| 31-12-2008 | full format | 27-07-2009 | 2009-52000080 | |
| 31-12-2007 | full format | 26-08-2008 | 2008-62900167 | |
| 31-12-2006 | full format | 24-08-2007 | 2007-60800151 | |
| 31-12-2005 | full format | 31-08-2006 | 2006-75102502 | |
| 31-12-2004 | full format | 28-09-2005 | 2005-73004128 | |
| 31-12-2003 | full format | 04-11-2004 | 2004-77701560 | |
| 31-12-2002 | full format | 18-07-2003 | 2003-47001125 | |
| 31-12-2001 | full format | 27-09-2002 | 2002-59404571 | |
| 31-12-2000 | full format | 15-11-2001 | 2001-69702854 | |
| 31-12-1999 | full format | 10-11-2000 | 2000-70804752 | |
| 31-12-1998 | full format | 25-10-1999 | 1999-54603341 | |
| 31-12-1997 | full format | 07-01-1999 | 1999-00304313 | |
| 31-12-1996 | full format | 10-11-1997 | 1997-52401352 | |
| 31-12-1995 | full format | 22-11-1996 | 1996-51404313 | |
| 31-12-1994 | full format | 07-01-1999 | 1999-00304303 | |
| 31-12-1993 | full format | 07-01-1999 | 1999-00304293 |
| Line | Trend | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -795 | -1,702 | -4,528 | - | -17,780 | -33,896 | -41,155 | 24,008 | -9,401 | -15,782 | -59,571 | 39,103 | -12,120 | 61,154 | 32,185 | 74,703 | 116,856 | 124,522 | ||
| -1,136 | -1,954 | -4,808 | - | -17,927 | -34,265 | -43,299 | 23,798 | -9,338 | -16,501 | -63,261 | -22,680 | -9,066 | 25,285 | 45,852 | 58,913 | 68,255 | 73,072 | ||
| 0 | 0 | - | - | 0 | 962 | 312 | 2,706 | 3,080 | 1,454 | 22,221 | 4,123 | 1,145 | 79,262 | 4,192 | 20,613 | 46,940 | 71,815 | ||
| - | -555 | - | 3,667 | -3,948 | -53,266 | -30,937 | 54,572 | -45,869 | 37,101 | -203,469 | -44,398 | 26,168 | 65,981 | -235,515 | 326,656 | -296,773 | - | ||
| -49,851 | -48,715 | -46,761 | -37,504 | -30,180 | -12,253 | 22,974 | 67,937 | 52,158 | 69,736 | 92,740 | 170,556 | 172,337 | 198,005 | 211,242 | 174,537 | 151,162 | 142,565 | ||
| - | - | - | - | - | - | -67.5% | 13.7% | -15.3% | -12.8% | -20.0% | 6.6% | -6.1% | 5.4% | 1.2% | 5.0% | 7.8% | 9.1% | ||
| -5.7% | -4.3% | -3.1% | 1.8% | 4.6% | 11.0% | 19.5% | 31.9% | 28.2% | 31.0% | 34.4% | 35.3% | 38.6% | 43.2% | 51.3% | 32.1% | 36.0% | 27.8% | ||
| 0.73 | 0.74 | 0.75 | 0.85 | 0.88 | 0.95 | 1.08 | 1.28 | 1.21 | 1.29 | 1.38 | 1.46 | 1.49 | 1.63 | 1.81 | 1.33 | 1.40 | 1.29 | ||
| - | - | - | 55.90 | 20.90 | 8.06 | 4.13 | 2.13 | 2.55 | 2.22 | 1.90 | 1.83 | 1.59 | 1.32 | 0.95 | 2.12 | 1.78 | 2.59 | ||
| - | - | - | -160.7% | -156.7% | -116.4% | -74.9% | 14.7% | -15.9% | -20.1% | -52.4% | -14.3% | -12.8% | -1.7% | 7.9% | 10.3% | 3.0% | 4.2% | ||
| -1.3% | -1.2% | -2.9% | -2.8% | -7.2% | -12.8% | -14.6% | 4.7% | -4.5% | -6.3% | -18.0% | -5.0% | -4.9% | -0.7% | 4.1% | 3.3% | 1.1% | 1.2% | ||
| -2.33 | -6.74 | -16.17 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | 60005 days | - | 13893 days | 1170 days | 611 days | 879 days | 487 days | 315 days | 225 days | 155 days | 146 days | 140 days | 118 days | 219 days | 129 days | ||
| - | - | - | 7618 days | 3890 days | 1624 days | 783 days | 759 days | 697 days | 419 days | 218 days | 290 days | 197 days | 214 days | 156 days | 259 days | 222 days | 295 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is a loss of €2,012, larger than the loss of €1,945 in 2023.
Equity is negative. Debt (€186,534) exceeds the balance-sheet total (€176,454).
PROFIL has no parent and no holdings in its annual accounts. is the only director. PROFIL shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Itterbeekse Laan 139 registered office 1070 Anderlecht | ||
| Albertlaan 86 1190 Forest 7311001 Advertising agencies | 20-03-1991 | 2.051.966.308 |
| Molenhoek 35 1840 Londerzeel 73110 Advertising agencies | 01-01-2008 | 2.190.493.590 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23045D0224/00H000 | Flanders | 886 m² | 1 · 288 m² | 8.6 m · 2 |
| 21001A0344/00W000 | Brussels | 289 m² | 1 · 92 m² | 16.0 m · 4 |
| 21383B0090/00M007 | Brussels | 169 m² | 1 · 98 m² | 18.2 m · 5 |
If something looks wrong or is missing, please tell us.