Running Mate
ActiveSummary
The computed 12-month bankruptcy probability of Running Mate is 2.0% (moderate). The 2025 annual accounts show equity of €98k and a net result of €33k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 7058 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+20
Solvency100▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.99 against 3.79 in 2024; short-term debt: 24.9% and cash: 59.5% of total assets), and 24.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
75.1%
Return on assets
25.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 4 filingsDeviation from the deadline
2025
2 d late
2024
5 d late
2023
on the day
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▲ 50.1%
2024 · €65k
2022: €51klowest in 4 years
2023: €57k▲ +12.6% vs 2022
2024: €65k▲ +13.9% vs 2023
2025: €98k▲ +50.1% vs 2024highest in 4 years
2022 → 2025
Total assets
€130k▲ 48.4%
2024 · €88k
2022: €106k
2023: €69k▼ -35.0% vs 2022lowest in 4 years
2024: €88k▲ +27.4% vs 2023
2025: €130k▲ +48.4% vs 2024highest in 4 years
2022 → 2025
Net result
€33k▲ 309%
2024 · €8k
2022: €48khighest in 4 years
2023: €6k▼ -86.6% vs 2022lowest in 4 years
2024: €8k▲ +24.6% vs 2023
2025: €33k▲ +309% vs 2024
2022 → 2025
Working capital
€97k▲ 53.2%
2024 · €63k
2022: €44klowest in 4 years
2023: €53k▲ +20.5% vs 2022
2024: €63k▲ +19.8% vs 2023
2025: €97k▲ +53.2% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€51k-€57k▲ 12.6%€65k▲ 13.9%€98k▲ 50.1%
2022: €51klowest in 4 years
2023: €57k▲ +12.6% vs 2022
2024: €65k▲ +13.9% vs 2023
2025: €98k▲ +50.1% vs 2024highest in 4 years
Operating result€64k-€10k▼ 83.8%€12k▲ 17.3%€44k▲ 263%
2022: €64khighest in 4 years
2023: €10k▼ -83.8% vs 2022lowest in 4 years
2024: €12k▲ +17.3% vs 2023
2025: €44k▲ +263% vs 2024
Net result€48k-€6k▼ 86.6%€8k▲ 24.6%€33k▲ 309%
2022: €48khighest in 4 years
2023: €6k▼ -86.6% vs 2022lowest in 4 years
2024: €8k▲ +24.6% vs 2023
2025: €33k▲ +309% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 263% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€874 ▼ 53.4%
Current assets
€129k ▲ 50.6%
Equity and liabilities €130k
Equity
€98k ▲ 50.1%
Debt
€32k ▲ 43.3%
Debt's share of the balance-sheet total falls from 25.8% to 24.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €15k
Cash flow
€35k▲
2024 · €10k
Current ratio
3.99▲
2024 · 3.79
Debt to equity
0.33▼
2024 · 0.35
ROE
33.4%▲
2024 · 12.2%
ROA
25.1%▲
2024 · 9.1%
Interest coverage
75.19▲
2024 · 19.63
Debt ≤ 1 year
€32k▲
2024 · €23k
Income taxes
€11k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€88k€130k▲
Fixed assets21/28€2k€874▼
Tangible fixed assets22/27€2k€874▼
Land and buildings22-€0
Furniture and vehicles24€2k€874▼
Current assets29/58€86k€129k▲
Amounts receivable within one year40/41€51k€52k▲
Trade receivables40€47k€44k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€33k€77k▲
Deferred charges and accrued income490/1€2k€196▼
Equity and liabilities
Total equity and liabilities10/49€88k€130k▲
Equity10/15€65k€98k▲
Contributions10/11€3k€3k=
Reserves13€62k€95k▲
Distributable reserves133€62k€95k▲
Amounts payable17/49€23k€32k▲
Amounts payable within one year42/48€23k€32k▲
Trade debts44€36€4k▲
Suppliers440/4€36€4k▲
Taxes, remuneration and social security45€20k€28k▲
Taxes450/3€18k€26k▲
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€1k€498▼
Gross operating margin9900€16k€46k▲
Operating profit (loss)9901€12k€44k▲
Financial income75/76B€157€167▲
Recurring financial income75€157€167▲
Financial charges65/66B€742€612▼
Recurring financial charges65€742€612▼
Profit (loss) for the period before taxes9903€12k€43k▲
Income taxes67/77€4k€11k▲
Profit (loss) for the period9904€8k€33k▲
Profit (loss) for the period to be appropriated9905€8k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€33k▲
Transfer to equity691/2€8k€33k▲
To other reserves6921€8k€33k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €820 | €3k | €2k | €2k | ▼ 16.1% |
| Other operating charges640/8 | €2k | €522 | €1k | €498 | ▼ 52.3% |
| Gross operating margin9900 | €66k | €13k | €16k | €46k | ▲ 198% |
| Operating profit (loss)9901 | €64k | €10k | €12k | €44k | ▲ 263% |
| Financial income75/76B | €546 | €170 | €157 | €167 | ▲ 6.6% |
| Recurring financial income75 | €546 | €170 | €157 | €167 | ▲ 6.6% |
| Financial charges65/66B | €1k | €863 | €742 | €612 | ▼ 17.6% |
| Recurring financial charges65 | €1k | €863 | €742 | €612 | ▼ 17.6% |
| Profit (loss) for the period before taxes9903 | €63k | €10k | €12k | €43k | ▲ 277% |
| Income taxes67/77 | €15k | €3k | €4k | €11k | ▲ 206% |
| Profit (loss) for the period9904 | €48k | €6k | €8k | €33k | ▲ 309% |
| Profit (loss) for the period to be appropriated9905 | €48k | €6k | €8k | €33k | ▲ 309% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €106k | €69k | €88k | €130k | ▲ 48.4% |
| Fixed assets21/28 | €7k | €4k | €2k | €874 | ▼ 53.4% |
| Tangible fixed assets22/27 | €7k | €4k | €2k | €874 | ▼ 53.4% |
| Land and buildings22 | €663 | €275 | - | €0 | - |
| Furniture and vehicles24 | €6k | €4k | €2k | €874 | ▼ 53.4% |
| Current assets29/58 | €99k | €64k | €86k | €129k | ▲ 50.6% |
| Amounts receivable within one year40/41 | €63k | €15k | €51k | €52k | ▲ 1.8% |
| Trade receivables40 | €60k | €12k | €47k | €44k | ▼ 5.3% |
| Other amounts receivable41 | €3k | €3k | €4k | €7k | ▲ 87.6% |
| Cash at bank and in hand54/58 | €35k | €48k | €33k | €77k | ▲ 132% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €196 | ▼ 88.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €106k | €69k | €88k | €130k | ▲ 48.4% |
| Equity10/15 | €51k | €57k | €65k | €98k | ▲ 50.1% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €48k | €54k | €62k | €95k | ▲ 52.5% |
| Distributable reserves133 | €48k | €54k | €62k | €95k | ▲ 52.5% |
| Amounts payable17/49 | €55k | €12k | €23k | €32k | ▲ 43.3% |
| Amounts payable within one year42/48 | €55k | €12k | €23k | €32k | ▲ 43.3% |
| Trade debts44 | €19k | - | €36 | €4k | ▲ 12,100% |
| Suppliers440/4 | €19k | - | €36 | €4k | ▲ 12,100% |
| Taxes, remuneration and social security45 | €37k | €12k | €20k | €28k | ▲ 39.4% |
| Taxes450/3 | €37k | €12k | €18k | €26k | ▲ 44.9% |
| Remuneration and social security454/9 | - | - | €2k | €2k | ▼ 15.7% |
| Other amounts payable47/48 | - | - | €2k | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €6k | €8k | €33k | ▲ 309% |
| + Depreciation and write-downs630 | €820 | €3k | €2k | €2k | ▼ 16.1% |
| Operating cash flow (approximation) | €48k | €9k | €10k | €35k | ▲ 232% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | - |
| Change in cash | - | €14k | €-15k | €44k | ▲ 395% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €6k ▼86.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity triplescurrent ratio 5.50
Current ratio from 1.79 to 5.50; short-term debt falls from €55k to €12k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Brussel · 1 establishment unit since 2020
Ground area
958 m²
Building footprint
919 m²
Volume, LiDAR
18,611 m³
Parcel 21802B0512/00P000, Brussels · tallest building 26.3 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Running Mate
since 20202.309.647.895
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0512/00P000 | Brussels | 958 m² | 1 · 919 m² | 26.3 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
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 9,862 companies in sector 73110 we hold annual accounts for 3,753. 3,024 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-11-2020
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
70200Business and other management consultancy
74991Agents and managers of artists, athletes and other public figures
Scores and ratios are computed by Checked and are not a credit decision.