SAIVE CARTOON
ActiveSAIVE CARTOON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €46k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 39% of 6963 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy▲ +44 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency51▲+20
Growth62▲+30
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.15 in 2024), and 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
40.1%
Return on assets
16.7%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €111k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
31 d early
2023
56 d early
2022
56 d late
2021
19 d late
2020
26 d late
2019
35 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€167k▲ 43.8%
2020 · €116k
2018: €169k
2019: €179k
2020: €116k
2018 → 2021
EBIT margin
11.2%▲ 1.0pp
2020 · 10.2%
2018: 5.3%
2019: -2.1%
2020: 10.2%
2018 → 2021
Net result
€46k
2024 · €-20k
2018: €213
2019: €-10k
2020: €7k
2021: €13k
2022: €20k
2023: €-38k
2024: €-20k
2018 → 2025
Working capital
€-73k▲ 47.9%
2024 · €-140k
2018: €-60k
2019: €-73k
2020: €-72k
2021: €-84k
2022: €-68k
2023: €-115k
2024: €-140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€167k-
Equity€103k-€123k▲ 19.7%€85k▼ 31.0%€65k▼ 23.8%€111k▲ 71.5%
Operating result€19k-€30k▲ 60.0%€-35k€-15k▲ 55.3%€58k
Net result€13k-€20k▲ 52.4%€-38k€-20k▲ 47.1%€46k
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 2025: €58k after a loss of €15k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€194k▼ 8.4%
Current assets
€82k▲ 235%
Equity and liabilities €276k
Equity
€111k▲ 71.5%
Debt
€165k▼ 3.6%
The debt ratio falls from 72.7% to 59.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€75k▲
2024 · €2k
Cash flow
€64k▲
2024 · €-2k
Solvency
40.1%▲
2024 · 27.3%
Current ratio
0.53▲
2024 · 0.15
Quick ratio
0.53▲
2024 · 0.15
Debt / equity
1.49▼
2024 · 2.66
ROE
41.7%▲
2024 · -31.2%
ROA
16.7%▲
2024 · -8.5%
Interest coverage
8.74▲
2024 · 0.90
Debt
€165k▼
2024 · €172k
Debt ≤ 1 year
€155k▼
2024 · €165k
Debt > 1 year
€10k▲
2024 · €7k
Income taxes
€3k▲
2024 · €2k
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€236k€276k▲
Fixed assets21/28€212k€194k▼
Tangible fixed assets22/27€211k€194k▼
Land and buildings22€182k€169k▼
Plant, machinery and equipment23€26k€22k▼
Furniture and vehicles24€1k€517▼
Other tangible fixed assets26€2k€2k=
Financial fixed assets28€283€283=
Current assets29/58€25k€82k▲
Amounts receivable within one year40/41€16k€44k▲
Trade receivables40€12k€41k▲
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€6k€35k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€236k€276k▲
Equity10/15€65k€111k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€44k€90k▲
Amounts payable17/49€172k€165k▼
Amounts payable after more than one year17€7k€10k▲
Financial debts170/4€7k€10k▲
Amounts payable within one year42/48€165k€155k▼
Current portion of amounts payable after more than one year42€34k€9k▼
Financial debts43-€575
Other loans439-€575
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€10k€11k▲
Other amounts payable47/48€119k€126k▲
Accrued charges and deferred income492/3€61-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Other operating charges640/8€9k€4k▼
Gross operating margin9900€11k€80k▲
Operating profit (loss)9901€-15k€58k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€-18k€49k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-20k€46k▲
Profit (loss) for the period to be appropriated9905€-20k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€90k▲
Profit (loss) brought forward from the previous period14P€64k€44k▼
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €111k ▲71.5%
Equity rises from €65k to €111k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-38k ▼289%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Equity above €100kEq €101k ▲7.2%
Equity rises from €95k to €101k.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
PAQUET Dominique Jeanne Odile Ghislaine
CurrentDirector · since 06-11-2023
SAIVE Olivier Emile Marie Pierre
CurrentDirector · since 06-11-2023
06-11-2023
PAQUET Dominique Jeanne Odile Ghislaine: Appointed as Director
06-11-2023
SAIVE Olivier Emile Marie Pierre: Appointed as Director
Location & real-estate footprint
Registered office, Beyne-Heusay · 1 establishment unit since 1994
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.
Rue Grand'Route 1964610 Beyne-Heusay1 establishment unit
Rue Grand'Route 196, 4610 Beyne-Heusay
since 19942.067.080.292
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Of 9,807 companies in sector 73110 we hold annual accounts for 3,724. 2,999 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-1994
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.