SC2
ActiveSummary
SC2 has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,676 and a net result of €41. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 56% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+5
Solvency86▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.26 in 2024; short-term debt: 38.7% of total assets), and 38.7% of the assets are financed with debt.
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Signals
Four 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
61.3%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
5 d early
2023
9 d early
2022
13 d early
2021
13 d early
2020
12 d early
2019
11 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 10 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 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€24,676▲ 0.2%
2024 · €24,635
Total assets
€40,265▲ 2.4%
2024 · €39,314
Net result
€41▲ 7,255%
2024 · €1
Working capital
€20,061▲ 8.5%
2024 · €18,485
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,083€7,536€2,209▼ 70.7%€787▼ 64.4%€1,356▲ 72.3%
Net result-€4,857below the sector's middle half€5,592within the sector's middle half€991within the sector's middle half▼ 82.3%€1within the sector's middle half▼ 99.9%€41within the sector's middle half▲ 7,255%
Equity€18,052within the sector's middle half▼ 21.2%€23,644within the sector's middle half▲ 31.0%€24,635within the sector's middle half▲ 4.2%€24,635within the sector's middle half=€24,676within the sector's middle half▲ 0.2%
Total assets€55,105below the sector's middle half▼ 8.1%€35,813below the sector's middle half▼ 35.0%€36,846below the sector's middle half▲ 2.9%€39,314below the sector's middle half▲ 6.7%€40,265below the sector's middle half▲ 2.4%
Debt€37,053=€12,169▼ 67.2%€12,211▲ 0.4%€14,679▲ 20.2%€15,589▲ 6.2%
Working capital€11,132within the sector's middle half▼ 24.1%€18,428within the sector's middle half▲ 65.5%€19,159within the sector's middle half▲ 4.0%€18,485within the sector's middle half▼ 3.5%€20,061within the sector's middle half▲ 8.5%
Solvency32.8%within the sector's middle half▼ 5.4pp66.0%within the sector's middle half▲ 33.3pp66.9%within the sector's middle half▲ 0.8pp62.7%within the sector's middle half▼ 4.2pp61.3%within the sector's middle half▼ 1.4pp
Current ratio1.30within the sector's middle half▼ 0.102.51within the sector's middle half▲ 1.212.57within the sector's middle half▲ 0.052.26within the sector's middle half▼ 0.312.29within the sector's middle half▲ 0.03
Return on assets (ROA)-8.8%below the sector's middle half▼ 10.2pp15.6%within the sector's middle half▲ 24.4pp2.7%within the sector's middle half▼ 12.9pp0.0%within the sector's middle half▼ 2.7pp0.1%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40,265
Fixed assets
€4,615 ▼ 25.0%
Current assets
€35,650 ▲ 7.5%
Equity and liabilities €40,265
Equity
€24,676 ▲ 0.2%
Debt
€15,589 ▲ 6.2%
Debt's share of the balance-sheet total rises from 37.3% to 38.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,890▲
2024 · €1,946
Cash flow
€1,576▲
2024 · €1,160
Debt to equity
0.63▲
2024 · 0.60
ROE
0.2%▲
2024 · 0.0%
Interest coverage
2.22▲
2024 · 1.64
Debt ≤ 1 year
€15,589▲
2024 · €14,679
Income taxes
€11▼
2024 · €199
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,039 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,330 | €1,703 | €953 | €1,160 | €1,535 | ▲ 32.3% |
| Other operating charges640/8 | €50 | €1,793 | - | €990 | - | - |
| Gross operating margin9900 | -€1,702 | €11,033 | €3,162 | €2,936 | €2,890 | ▼ 1.6% |
| Operating profit (loss)9901 | -€3,083 | €7,536 | €2,209 | €787 | €1,356 | ▲ 72.3% |
| Financial income75/76B | - | €306 | €280 | €597 | - | - |
| Recurring financial income75 | - | €306 | €280 | €597 | - | - |
| Financial charges65/66B | €1,775 | €1,532 | €1,137 | €1,185 | €1,303 | ▲ 10.0% |
| Recurring financial charges65 | €1,775 | €1,532 | €1,137 | €1,185 | €1,303 | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | -€4,857 | €6,311 | €1,351 | €199 | €53 | ▼ 73.6% |
| Income taxes67/77 | - | €719 | €361 | €199 | €11 | ▼ 94.3% |
| Profit (loss) for the period9904 | -€4,857 | €5,592 | €991 | €1 | €41 | ▲ 7,255% |
| Profit (loss) for the period to be appropriated9905 | -€4,857 | €5,592 | €991 | €1 | €41 | ▲ 7,255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,105 | €35,813 | €36,846 | €39,314 | €40,265 | ▲ 2.4% |
| Fixed assets21/28 | €6,920 | €5,216 | €5,476 | €6,150 | €4,615 | ▼ 25.0% |
| Tangible fixed assets22/27 | €4,920 | €3,216 | €3,476 | €4,150 | €2,615 | ▼ 37.0% |
| Land and buildings22 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €4,920 | €3,216 | €3,476 | €4,150 | €2,615 | ▼ 37.0% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €48,186 | €30,596 | €31,370 | €33,164 | €35,650 | ▲ 7.5% |
| Amounts receivable within one year40/41 | €33,186 | €11,792 | €8,370 | €22,549 | €35,650 | ▲ 58.1% |
| Trade receivables40 | €30,007 | - | €3,000 | - | €33,150 | - |
| Other amounts receivable41 | €3,179 | €11,792 | €5,370 | €22,549 | €2,500 | ▼ 88.9% |
| Cash at bank and in hand54/58 | - | €8,805 | - | €615 | - | - |
| Deferred charges and accrued income490/1 | €15,000 | €10,000 | €23,000 | €10,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,105 | €35,813 | €36,846 | €39,314 | €40,265 | ▲ 2.4% |
| Equity10/15 | €18,052 | €23,644 | €24,635 | €24,635 | €24,676 | ▲ 0.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,297 | €2,297 | €2,297 | €2,297 | €2,297 | = |
| Non-distributable reserves130/1 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Tax-exempt reserves132 | €1,297 | €1,297 | €1,297 | €1,297 | €1,297 | = |
| Profit (loss) carried forward14 | -€2,837 | €2,755 | €3,746 | €3,746 | €3,788 | ▲ 1.1% |
| Amounts payable17/49 | €37,053 | €12,169 | €12,211 | €14,679 | €15,589 | ▲ 6.2% |
| Amounts payable within one year42/48 | €37,053 | €12,169 | €12,211 | €14,679 | €15,589 | ▲ 6.2% |
| Financial debts43 | €17,001 | - | €4,168 | - | €2,957 | - |
| Credit institutions430/8 | €17,001 | - | €4,168 | - | €2,957 | - |
| Trade debts44 | €983 | €2,055 | €1,955 | €3,763 | €3,863 | ▲ 2.7% |
| Suppliers440/4 | €983 | €2,055 | €1,955 | €3,763 | €3,863 | ▲ 2.7% |
| Taxes, remuneration and social security45 | €3,895 | €10,113 | €6,088 | €10,916 | €7,514 | ▼ 31.2% |
| Taxes450/3 | €2,895 | €10,113 | €6,088 | €10,916 | €7,514 | ▼ 31.2% |
| Remuneration and social security454/9 | €1,000 | - | - | - | - | - |
| Other amounts payable47/48 | €15,174 | - | - | - | €1,254 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,857 | €5,592 | €991 | €1 | €41 | ▲ 7,255% |
| + Depreciation and write-downs630 | €1,330 | €1,703 | €953 | €1,160 | €1,535 | ▲ 32.3% |
| Operating cash flow (approximation) | -€3,527 | €7,295 | €1,943 | €1,160 | €1,576 | ▲ 35.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,212 | -€1,834 | €0 | ▲ 100% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €5,592
Net result €5,592 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€4,857
Net result drops to -€4,857, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Elsene · 1 establishment unit since 1999
Ground area
300 m²
Building footprint
153 m²
Volume, LiDAR
2,760 m³
Parcel 21444B0061/00A002, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Vilain XIIII-straat 14, 1050 Elsene
since 19992.092.110.648
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0061/00A002 | Brussels | 300 m² | 1 · 153 m² | 21.0 m · 6 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 9,863 companies in sector 73110 we hold annual accounts for 3,758. 2,728 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 (pre-2019)
Founded05-07-1999
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
58190Other publishing activities, excluding software publishing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466427567
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.