Razor Reel
ActiveRazor Reel has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €40k and a net result of €2k. Its solvency ranks better than 86% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
95
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+80
Solvency100▲+2
Growth71
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 6.91 against 3.23 in 2023; short-term debt: 13.5% and cash: 79.3% of total assets), and 13.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
86.5%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€30k▲ 7.3%
2023 · €28k
2023: €28k
2023 → 2024
EBIT margin
7.4%▲ 36.1pp
2023 · -28.7%
2023: -28.7%
2023 → 2024
Net result
€2k
2023 · €-8k
2023: €-8k
2023 → 2024
Working capital
€37k▲ 16.4%
2023 · €32k
2023: €32k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€28k-€30k▲ 7.3%
Equity€38k-€40k▲ 5.2%
Operating result€-8k-€2k
Net result€-8k-€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €8k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €47k
Fixed assets
€3k▼ 50.4%
Current assets
€44k▼ 5.9%
Equity and liabilities €47k
Equity
€40k▲ 5.2%
Debt
€6k▼ 55.9%
The debt ratio falls from 27.1% to 13.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▲
2023 · €-5k
Cash flow
€5k▲
2023 · €-5k
Solvency
86.5%▲
2023 · 72.9%
Current ratio
6.91▲
2023 · 3.23
Quick ratio
6.91▲
2023 · 3.23
Debt / equity
0.16▼
2023 · 0.37
ROE
5.0%▲
2023 · -21.8%
ROA
4.3%▲
2023 · -15.9%
Interest coverage
23.72▲
2023 · -19.11
Debt
€6k▼
2023 · €14k
Debt ≤ 1 year
€6k▼
2023 · €14k
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€53k€47k▼
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€46k€44k▼
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€4k€6k▲
Cash at bank and in hand54/58€42k€37k▼
Equity and liabilities
Total equity and liabilities10/49€53k€47k▼
Equity10/15€38k€40k▲
Profit (loss) carried forward14€38k€40k▲
Amounts payable17/49€14k€6k▼
Amounts payable within one year42/48€14k€6k▼
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€6k€922▼
Taxes450/3€6k€922▼
Income statement
Code20232024
Turnover70€28k€30k▲
Goods, raw materials, services and sundry goods60/61€71k€65k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€232€309▲
Gross operating margin9900€-5k€6k▲
Operating profit (loss)9901€-8k€2k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€254€231▼
Recurring financial charges65€254€231▼
Profit (loss) for the period before taxes9903€-8k€2k▲
Profit (loss) for the period9904€-8k€2k▲
Profit (loss) for the period to be appropriated9905€-8k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€40k▲
Profit (loss) brought forward from the previous period14P€47k€38k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 6.91
Current ratio from 3.23 to 6.91; short-term debt falls from €14k to €6k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge
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.
Gistelse Steenweg 5728200 BruggeGround area
175 m²
Building footprint
13 m²
Volume, LiDAR
44 m³
Parcel 31425C0358/00L011, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0358/00L011 | Flanders | 175 m² | 1 · 12 m² | 8.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 55,000 EUR awarded · 37,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 19,000 EUR | 19,000 EUR |
| 2024 | 1 | 18,000 EUR | 0 EUR |
| 2023 | 1 | 18,000 EUR | 18,000 EUR |
Schemes
Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
Similar companies · same sector, comparable size
BRIGHT SIDE
BE 1020.242.436
Antwerpen · Eq €40k
The Merode
BE 0870.366.647
Brussel · Eq €41k
AD HOC EVENTS
BE 0883.059.888
Gerpinnes · Eq €41k
MIKE EVENT SERVICES
BE 0891.001.220
Sint-Lambrechts-Woluwe · Eq €41k
SCHNTZL
BE 0642.812.169
Antwerpen · Eq €41k
Of 3,524 companies in sector 90391 we hold annual accounts for 680. 529 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded02-06-2006
Fiscal year end31-12
Activities, NACEBEL
90021Arts creation and performing arts activities
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.