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Second Floor

Active Private limited companyfounded 2000active for 26 yearsLouizalaan 222, 1050 IxellesKBO/BCE: BE 0470.186.615

Overview

Lifetime

20 annual accounts with figures on one time axis, 26 filings since 2000
Gross marginpeak €840,017 (2023)
€758,443▼ 8.3%
Resultlowest -€34,589 (2021)
€21,687▼ 65.2%
Equitypeak €134,207 (2025)
€134,207▲ 19.3%
Debts
€940,628▼ 33.9%
Staffpeak 10.3 FTE (2023)
8.7 FTE▼ 11.2%
Board2 names since 2021
1 directorULTRA
Owners
  
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Result from €62,366 to €21,687Staff from 9.8 FTE to 8.7 FTEEquity from €112,521 to €134,207Debts from €1.4m to €940,628Cash from €415,510 to €241,333

Key points

from the 2025 annual accounts

Equity

€134,207 ▲ 19.3%

Second Floor has made a profit without a break since 2022.

Turnover

≈ €1.5m estimated

The accounts state no turnover.

Debts

€940,628 88% of the balance sheet
Financial debts 0%Suppliers 73%Taxes and wages 22%Other 5%

Staff

8 employees on 31-12-2025
472021212023882024022025

In 2025, 0 people joined and 2 left.

At the same address

76 companies
  • Froidmont, Noémie (sole trader) establishment since 01-09-2026
  • De Klaram Avocats establishment since 28-04-2026
  • Invest Fund Brussels seat since 27-04-2026

Board

1 joined · 1 left

Board changed. Latest change 21-10-2026 · 1 in office.

Checked score

69
Healthy
Financially stronger than 33% of micro companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,229 companies (NACE 73, micro).

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.8%highest value 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.7%▼ -0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.5%▼ -0.2 percentage points vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.4%▼ -0.1 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026 11-2026: 0.6%● unchanged vs 10-2026

Financial strength
Weak

Solvency
37+5equity 12.5% of total assets
Liquidity
30-4short-term debt 87.5% · cash 22.5%
Profitability
39-35return on assets 2.0%

Score breakdown

raises risk
Equity €134,207 (12.5% of total assets)
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.13, cash €241,333
Founded in 2000
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 21% of them on solvency, 16% on liquidity, 25% on profitability and 69% on growth.

The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,984 companies had the same profile as Second Floor has now. Each dot stands for 10 companies, two years later.

96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of Second Floor itself: 0.6% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3.0% 3.1%
10 5.6% 6.2%

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 3,984 companies, not a prediction for Second Floor. 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.

Credit verdict

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.13 (1.09 in 2024), below the usual 1.5. Short-term debt is 87.5% and cash 22.5% of total assets. 87.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.13, cash €241,333
NBB · annual accounts
raises risk · Equity €134,207 (12.5% of total assets)
NBB · annual accounts
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2088 sector peers (2025).
NBB · sector comparison
Position among 2088 sector peers
Solvency
better than 23%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €134,207
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 days early
2024
1 day early
2023
54 days late
2022
26 days early
2021
4 days early
2020
3 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

WP
WMH Project
Director, Marc Fischer
  • ULTRA 30%score 92equity €236,935 (2025) · 30-06-2024 annual accounts of ULTRA
  • Olivier Bialekannual accounts 2025
Board & ownership

Recent changes

New sole director WMH Project appointed, ULTRA resigned · Permanent representatives: Olivier BIALEK and Marc Fischer · Director discharge: ULTRA · General meeting of 03-06-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470186615
Change of role: ULTRA, from manager to director Permanent representative: BIALEK Olivier · General meeting of 26-10-2023 · Gazette deed
Registered office moved within Brussels New registered office: Avenue Louise 222 à 1050 Bruxelles · Previous registered office: Avenue du Brésil 3 à 1000 Bruxelles · Gazette deed
All 39 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
Second Floor Ixelles €1.1m €758,443 12.5% 8.7
ZENO SIGNS Antwerp €1.3m €879,610 39.5% 10.2
MORRIS & CHAPMAN BELGIUM Ixelles €1.4m €781,694 10.6% 8
CTR - MEDIA Brussels €1.3m €745,623 58.3% 7
NICKEL GRAPHIC STUDIO Nivelles €0.9m €747,702 59.2% 7.7
GRAPHITEX Awans €1.0m €619,562 46.2% 6.4
Visible Herstal €0.8m €557,570 65.6% 8.1

These companies have the same main activity as Second Floor: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €810,000 and €1.4m, founded between 1987 and 2002.

Official details

Source: KBO
Status
Active since 31-01-2000Normal situation
Registered office
77 active companies are registered at this address3 started in the 12 months before. Source: KBO register, as of 6 November 2026.
Activity
Advertising agenciesNACE 73110
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.096.409.6291050 Ixelles, since 25-02-2000
Financial year end
31 December
Peppol
Reachable since 12-01-2026
Company details

Annual accounts 2025

Gross margin
€758,443▼ 8.3%
Profit
€21,687▼ 65.2%
Equity
€134,207▲ 19.3%
Total assets
€1.1m▼ 30.0%
Employeeson 31-12-2025
8▼ 20.0%
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Insights on Second Floor

Second Floor files the abbreviated format. That format states no turnover. The gross margin rose from -€16,271 in 2006 to €758,443 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 27-07-2026, 4 days before the deadline
Gross margin
€758,443
▼ 8.3%
Operating result
€68,929
▼ 23.2%
Profit
€21,687
▼ 65.2%
Working capital
€125,750
▲ 2.1%
Solvency
12.5%
▲ 5.2 percentage points
Current ratio
1.13
▲ 0.05

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.5m. Estimated: probably between €1.0m and €1.9m.

Balance sheet

balance sheet total €1.1m on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency12.5%

Higher than 23% of 2,088 companies in 2025.

Current ratio1.13

Higher than 36% of 2,005 companies in 2025.

Return on assets2.0%

Higher than 41% of 2,048 companies in 2025.

Second Floor Middle half of the sector 80% of the sector Abbreviated accounts in advertising and market research (NACE 73)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

Staff cost per FTE€77,116

Staff costs divided by the average number of full-time equivalents.

Joined and left-2

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
Total assets20/58 1.1m1.5m908,1261.6m1.0m1.1m1.0m1.5m1.1m1.1m1.0m1.9m1.4m1.3m745,8431.1m505,617389,975275,79411,122
Fixed assets21/28 8,45710,89412,50829,51632,53225,35645,100199,639207,271122,775180,350251,855306,941104,767118,99949,59654,99964,16085,131320
Tangible fixed assets22/27 8,21110,64810,30817,00620,33213,15613,10017,63925,27153,47091,044159,550203,636104,767118,99949,59654,99964,16085,131320
Furniture and vehicles24 8,21110,64810,30817,00620,33213,15613,10017,63925,27153,47091,044159,550203,636104,767118,99949,59654,99964,16085,131320
Financial fixed assets28 2462462,20012,51012,20012,20032,000182,000182,00069,30589,30592,305103,305-------
Current assets29/58 1.1m1.5m895,6191.6m1.0m1.1m977,1141.3m858,866974,081863,6171.6m1.1m1.2m626,8441.0m450,618325,815190,66410,803
Amounts receivable after more than one year29 90,000105,000120,000135,000150,000150,000150,000-------------
Other amounts receivable291 90,000105,000120,000135,000150,000150,000150,000-------------
Amounts receivable within one year40/41 701,301991,055553,0611.3m353,808590,282441,9211.1m693,486851,207426,0261.3m741,080797,334484,047624,911396,185288,468165,2338,239
Trade receivables40 614,987894,827353,6941.1m308,245548,936416,8201.1m596,489631,051270,2781.2m652,828701,851396,598539,656332,895288,468165,2337,523
Other amounts receivable41 86,31496,229199,367152,98945,56341,34525,10210,50096,997220,156155,748126,05988,25295,48387,44985,25563,289--716
Cash at bank and in hand54/58 241,333415,510151,064146,779423,637281,127282,285114,60947,80070,918414,992344,584275,690366,956133,165327,57641,09536,94725,4302,563
Deferred charges and accrued income490/1 33,74313,28371,4937,71981,97037,212102,908116,627117,58151,95622,5999,50466,4353,4509,63381,31313,338400--
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.1m1.5m908,1261.6m1.0m1.1m1.0m1.5m1.1m1.1m1.0m1.9m1.4m1.3m745,8431.1m505,617389,975275,79411,122
Equity10/15 134,207112,52150,15419,0439,50244,09042,83770,83657,57256,84748,70927,41422,60622,19227,09819,8616,366-5,77919,697702
Contributions10/11 13,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,70513,705
Capital10 --13,70513,70513,705---------------
Issued capital100 --18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 --4,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,8954,895
Reserves13 4,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,6994,181
Non-distributable reserves130/1 -01,8601,8601,8601,860--------------
Legal reserve130 --1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,342
Reserves not available under the articles1311 -0------------------
Tax-exempt reserves132 2,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,8392,839
Distributable reserves133 1,8601,860------------------
Profit (loss) carried forward14 115,80394,11631,750639-8,90325,68524,43252,43139,16838,44330,3059,0094,2013,7878,6931,457-12,039-24,1841,292-17,184
Amounts payable17/49 940,6281.4m857,9721.6m1.0m1.0m979,3771.4m1.0m1.0m995,2571.9m1.4m1.3m718,7451.1m499,251395,754256,09710,420
Amounts payable after more than one year17 015,01940,41565,37489,904-----7,11857,220134,19266,50174,67021,74142,26642,59455,094-
Financial debts170/4 015,01940,41565,37489,904-----7,11857,220134,19266,50174,67021,74142,26642,59455,094-
Amounts payable within one year42/48 940,6281.4m740,5571.2m831,937901,994886,0961.2m773,868662,169662,4151.6m1.2m1.1m609,775955,612407,220243,427201,00310,420
Current portion of amounts payable after more than one year42 45,52146,92978,50361,56543,88580,85451,24025,00164,06368,729120,468137,15295,92059,65186,21771,94523,53830,68511,906-
Financial debts43 1,3907,112------------------
Credit institutions430/8 1,3907,112------------------
Trade debts44 687,3591.2m475,158900,226650,632706,401702,2731.0m534,945426,246454,5081.3m899,679884,446386,068690,585336,382166,338158,4726,231
Suppliers440/4 687,3591.2m475,158900,226650,632706,401702,2731.0m534,945426,246454,5081.3m899,679884,446386,068690,585336,382166,338158,4726,231
Taxes, remuneration and social security45 206,358159,111186,896231,911137,420114,739122,958202,624166,884167,19487,439121,781146,19792,716112,490100,08347,29946,40419,617-
Taxes450/3 92,97692,87667,575140,70086,90351,63954,431120,81991,64088,13826,96364,01784,48830,57865,33072,35430,31735,67316,988-
Remuneration and social security454/9 113,38266,236119,32191,21250,51863,10068,52781,80575,24379,05760,47657,76561,70962,13847,15927,72816,98210,7312,629-
Other amounts payable47/48 ------9,6252,7267,976---75,00060,00025,00093,000--11,0094,189
Accrued charges and deferred income492/3 06,49777,000338,552110,605137,89293,281192,782234,697377,839325,725236,32816,55287,00134,30086,18249,765109,732--
Income statement
Non-recurring operating income76A 50,53989,740------------------
Gross operating margin9900 758,443827,043840,017512,589465,127431,434516,183693,253635,327504,313564,571619,097601,292479,063402,558400,126151,00658,73881,359-16,271
Remuneration, social security and pensions62 670,911722,822750,705552,746480,293406,495522,194633,299538,372420,749413,270471,265370,696303,055250,708161,36271,60745,9518,465-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 5,8375,6408,75010,6659,0144,8836,1809,82015,34639,29756,24266,30069,64345,16159,40634,35326,76222,76022,332155
Other operating charges640/8 6,0254,75127,00620,7734,6119,6655,6247,09229,0854,54725,04427,65010,1178,9537,8725,0204,6898,4895441,827
Non-recurring operating charges66A 6,7414,028------20,305------6,230----
Operating profit (loss)9901 68,92989,80253,555-71,595-28,79010,391-17,81543,04252,52539,72070,01653,881150,837121,89484,573199,39147,949-18,46150,017-18,252
Financial income75/76B 9,30310,95114,379109,9426,05913,1045,7605,3975,264951,2242851,6871,0481,1641,5641131,8963426
Recurring financial income75 9,30310,95114,379109,9426,05913,1045,7605,3975,264951,2242851,6871,0481,1641,5641131,8963426
Financial charges65/66B 35,32313,6209,43711,03110,3448,91410,54614,25428,5614,32412,27512,36510,58511,5388,96710,56814,3908,8753,770595
Recurring financial charges65 35,32313,6209,43711,03110,3448,91410,54614,2548,2554,32412,27512,36510,58511,5388,96710,56814,3908,8753,770595
Non-recurring financial charges66B --------20,305-----------
Profit (loss) for the period before taxes9903 42,90987,13358,49627,316-33,07514,582-22,60134,18529,22835,49158,96541,802141,939111,40476,771184,15733,671-25,44046,280-18,820
Income taxes67/77 21,22324,76727,38517,7741,51313,3295,39820,92128,50327,35337,67036,99466,52556,31144,53477,66121,5273617,285-69
Profit (loss) for the period9904 21,68762,36631,1119,542-34,5891,253-27,99913,2647258,13821,2964,80875,41555,09432,237106,49612,144-25,47628,995-18,751
Profit (loss) for the period to be appropriated9905 21,68762,36631,1119,542-34,5891,253-27,99913,2647258,13821,2964,80875,41555,09432,237106,49612,144-25,47628,995-18,751
Appropriation of the result
Profit (loss) to be appropriated9906 115,80394,11631,750639-8,90325,68524,43252,43139,16838,44330,3059,00979,20163,78733,69394,457-12,039-24,18411,811-17,184
Profit (loss) brought forward from the previous period14P 94,11631,750639-8,90325,685---------------
Transfer to equity691/2 ------------------518-
To the legal reserve6920 ------------------518-
Profit to be distributed694/7 ------------75,00060,00025,00093,000--10,000-
Return on contributions (dividend)694 ------------75,00060,00025,00093,000----
Directors or managers695 ------------------10,000-
Social balance sheet
Average staff (FTE)9087 8.79.810.397.68.4-10.29.16.76.56.86.453.92.821.40.3-
Hours worked1013 14,04014,62316,71514,01113,73013,557-17,86216,32911,85211,35413,03812,27610,3277,1505,2233,9472,742556-
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 27-07-2026 2026-00351265 PDF
31-12-2024 full format 30-07-2025 2025-00346441 PDF
31-12-2023 full format 23-09-2024 2024-00470222 PDF
31-12-2022 full format 05-07-2023 2023-00216129 PDF
31-12-2021 full format 27-07-2022 2022-20241993 PDF
31-12-2020 full format 28-07-2021 2021-42100197 PDF
31-12-2019 full format 31-07-2020 2020-38100593 PDF
31-12-2018 full format 17-07-2019 2019-33800362 PDF
31-12-2017 full format 25-07-2018 2018-37900402 PDF
31-12-2016 full format 24-07-2017 2017-35600087 PDF
31-12-2015 full format 14-06-2016 2016-18400492 PDF
31-12-2014 full format 16-06-2015 2015-17900567 PDF
31-12-2013 full format 12-08-2014 2014-42000224 PDF
31-12-2012 full format 10-07-2013 2013-29100021 PDF
31-12-2011 full format 30-09-2012 2012-59800441 PDF
31-12-2010 full format 21-11-2011 2011-61200353 PDF
31-12-2009 full format 13-08-2010 2010-41000185 PDF
31-12-2008 full format 21-08-2009 2009-62600076 PDF
31-12-2007 full format 07-08-2008 2008-54800365 PDF
31-12-2006 full format 26-07-2007 2007-48200103 PDF
31-12-2005 full format 31-08-2006 2006-74500741 PDF
31-12-2004 full format 29-12-2006 2006-94004902 PDF
31-12-2003 full format 05-11-2004 2004-78002461 PDF
31-12-2002 full format 30-07-2003 2003-54701990 PDF
31-12-2001 full format 15-10-2002 2002-65705260 PDF
31-12-2000 full format 11-12-2001 2001-75101069 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
EBITDA 74,76595,44262,305-60,930-19,77615,274-11,63552,86267,87079,017126,258120,181220,479167,054143,979233,74474,7114,29972,350-18,098
Cash flow 27,52368,00639,86120,207-25,5756,136-21,81923,08416,07147,43577,53771,108145,057100,25491,643140,84838,906-2,71651,328-18,596
Investment in fixed assets 3,4005,9802,05217,64916,1907,1391,6402,189157,1011,7226,12034,347271,81636,258128,80828,95017,6011,789107,144-
Change in cash -174,177264,4464,285-276,859142,510-1,158167,67666,809-23,118-344,07370,40768,895-91,266233,791-194,411286,4814,14811,51722,867-
Working capital 125,750123,143155,062393,453177,479156,62791,01863,97984,999311,912201,20269,107-133,59070,92617,06978,18843,39882,388-10,339382
Solvency 12.5%7.3%5.5%1.2%0.9%4.1%4.2%4.7%5.4%5.2%4.7%1.4%1.6%1.7%3.6%1.8%1.3%-1.5%7.1%6.3%
Current ratio 1.131.091.211.331.211.171.101.051.111.471.301.040.891.061.031.081.111.340.951.04
Debt to equity 7.0112.6517.1183.89-23.5922.8620.3417.5218.2920.4368.2760.4956.3426.5253.5578.43-13.00-
ROE 16.2%55.4%62.0%50.1%-364.0%2.8%-65.4%18.7%1.3%14.3%43.7%17.5%333.6%248.3%119.0%536.2%190.8%-147.2%-
ROA 2.0%4.1%3.4%0.6%-3.3%0.1%-2.7%0.9%0.1%0.7%2.0%0.3%5.4%4.3%4.3%9.8%2.4%-6.5%10.5%-168.6%
Interest coverage 2.127.016.60-5.52-1.91---------------

EBIT margin: not included in this filing.

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date81011-7
full-time789-5
part-time122-2
in full-time equivalents7.99.710.7-6.7
Average over the year, in full-time equivalents8.79.810.397.6
On a permanent contract81011106
Joined082-4
Left281-7

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,400€5,980€2,052€7,339€16,190
Financial fixed assets€0--€10,310-
Depreciation and write-downs of the year€5,837€5,640€8,750€10,665€9,014

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Second Floor

The operating result for 2025 is 23% lower than in 2024.

Debt's share of the balance-sheet total falls from 92.7% to 87.5%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in October 2026
WMH Project
Sole director, permanent representative Marc Fischer
appointed by deed of 21-10-2026 term without a fixed end
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 13 : Représentation de la société L’administrateur (chacun des administrateurs) représente la société à l'égard des tiers et en…”
deed of 10-11-2023
Permanent representatives 1
Marc Fischer
Permanent representative, for WMH Project
appointed by deed of 21-10-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
WMH Project
Sole director
ULTRA
Director
BoardEarliermandate already running before its first mention
Mandates as a list
  • WMH Project
    • Sole director, appointed by deed of 21-10-2026, still in office
  • ULTRA
    • Director, from before 31-12-2021 to 21-10-2026
    • Manager, until 10-11-2023

See the board, name and registered office on a given date →

Control

Shareholder
Equity €236,935
Profit €81,420 in 2025 (profit €55,600 in 2024)
Checked score 92
30%
This company
Second Floor
Equity €134,207
Profit €21,687 in 2025

and 1 other shareholder

Capital

Contribution
€13,705.32
Source
2025 annual accounts

Articles of association

deed of 10-11-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant,moitié acquéreurs proportionnellement nombre acquis, toutes cessions entre vifs onéreux ou gratuit,volontaires ou…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 14:00

Shareholders

2 owners

Owners 2

Network & group

Holdings

own 2016 accounts, the bar shows equity in euros
This companySecond Floor1 holding, 1 country 2016 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2016 accounts. Every holding stands with its own latest accounts.

At the same address

Louizalaan 222, 1050 Brussels · 76 other companies
HOUGOU
registered office since 23-05-2011 · founded in 2011 · accounts filed late
total assets €413.9m (2024)
0836.469.897
COHABS GROUP
registered office since 30-12-2019 · founded in 2019
total assets €411.5m (2025)
0740.596.186
HOUGOU FINANCE
registered office since 04-01-2016 · founded in 2016 · group HOUGOU · accounts filed late
total assets €285.7m (2024)
0645.521.736
LUCIMO
registered office since 05-10-2016 · founded in 2016
total assets €41.0m (2025)
0659.787.367
Alphastone
registered office since 21-05-2015 · founded in 2015
total assets €34.1m (2026)
0630.751.705
MARNIX 21-22
registered office since 04-04-2017 · founded in 2017
total assets €27.0m (2025)
0673.816.339
HEBIOSO
registered office since 28-03-2014 · founded in 2014 · negative equity (2025) · group HOUGOU
total assets €25.0m (2025)
0548.998.026
EUROPEAN CENTER FOR ELECTORAL SUPPORT/CENTRE EUROPEEN D’APPUI ELECTORAL/CENTRO EUROPEO DI ASSISTENZA ELETTORALE
registered office since 17-10-2012 · founded in 2010 · accounts filed late
2.8 FTE (2024)
0829.998.514
HJO Real Estate
registered office since 11-06-2019 · founded in 2019 · negative equity (2025)
3 FTE (2025)
0727.904.331
LOUISE 342 ET 344
registered office since 01-02-2013 · founded in 2013 · group HOUGOU
total assets €13.0m (2025)
0502.972.615
and 66 more

Earlier ties

Mr & Mrs White sprl
via ULTRA, at Second Floor until 2026 · Sole director · deed of 20-02-2024
founded in 2019
3.2 FTE (2025)
SOCIETY
via ULTRA, at Second Floor until 2026 · Director · deed of 10-07-2025
founded in 2021
total assets €205,569 (2025)

Holdings through the years

2013 to 2016
Holdings through the years
Name2013201420152016
CHARLIE MIKE 40%
MARCOM WORLD 40%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

39 events since 2000

Deadline for the 2026 accounts: 31-07-2027

2026
New sole directorWMH Project appointed, ULTRA resigned · Permanent representatives: Olivier BIALEK and Marc Fischer · Director discharge: ULTRA · General meeting of 03-06-20266 points ▸
  • General meeting, 03-06-2026
  • Director resignation, ULTRA (sole director)
  • Permanent representative, Olivier BIALEK
  • Director discharge, ULTRA
  • Director appointment, WMH Project (sole director)
  • Permanent representative, Marc Fischer (représentant permanent chargé de l'exécution de son mandat)

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBabbreviated format · 4 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0470186615
2025
Annual accounts 2024 filed PDFfull format · 1 day before the deadline
2024
Equity above €100,000 equity €112,521 ▲124% After 3 profitable years in a row, equity reaches €112,521.
Annual accounts 2023 filed PDFfull format · 54 days late
2023
Change of role: ULTRA, from manager to directorPermanent representative: BIALEK Olivier · General meeting of 26-10-20234 points ▸
  • General meeting, 26-10-2023, mentioned twice in the deed
  • Director resignation, ULTRA (manager)
  • Permanent representative, BIALEK Olivier
  • Director appointment, ULTRA
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · 26 days before the deadline
2022
Back to profit net €9,542 The net result is €9,542, after one loss-making year.
Annual accounts 2021 filed PDFfull format · 4 days before the deadline
Registered office moved within BrusselsNew registered office: Avenue Louise 222 à 1050 Bruxelles · Previous registered office: Avenue du Brésil 3 à 1000 Bruxelles1 point ▸
  • Registered-office move, Avenue Louise 222 à 1050 Bruxelles
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2021
Weakest financial year net -€34,589 The net result drops to -€34,589, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2020 filed PDFfull format · 3 days before the deadline
2020
Back to profit net €1,253 The net result is €1,253, after one loss-making year.
Annual accounts 2019 filed PDFfull format · on the deadline day
2019
Annual accounts 2018 filed PDFfull format · 14 days before the deadline
2018
Annual accounts 2017 filed PDFfull format · 6 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 7 days before the deadline
2016
Annual accounts 2015 filed PDFfull format · 47 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 45 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 12 days late
2013
Annual accounts 2012 filed PDFfull format · 21 days before the deadline
2012
Annual accounts 2011 filed PDFfull format · 61 days late
2011
Annual accounts 2010 filed PDFfull format · 113 days late
2010
Highest result from 2006 to 2025 net €106,496 ▲777% The operating result of €199,391 and the net result of €106,496 are both a record.
Annual accounts 2009 filed PDFfull format · 13 days late
2009
Back to profit net €12,144 The net result is €12,144, after one loss-making year.
Annual accounts 2008 filed PDFfull format · 21 days late
2008
Annual accounts 2007 filed PDFfull format · 7 days late
2007
Back to profit net €28,995 The net result is €28,995, after one loss-making year.
Annual accounts 2006 filed PDFfull format · 5 days before the deadline
2006
Annual accounts 2004 filed PDFfull format
Annual accounts 2005 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
First establishment Louizalaan 222, Ixelles
Incorporation published on 10-02-2000

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 31 January 2000, Second Floor was incorporated.1 In 2022 the registered office moved to Brussels.2 Total assets went from €1.5m in 2018 to €1.1m in 2025 and headcount from 10.2 to 8.7 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 24-01-2022
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0470.186.615
VAT number
BE 0470.186.615
Peppol ID
0208:0470186615
Legal form
Private limited company
Status
Active, normal situation
Founded
31-01-2000
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 14:00
deed of 10-11-2023 (in French)
Peppol
Reachable since 12-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Second Floor in French
Name in the Peppol Directory
Secondfloor
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 10-11-2023 (in French)
Name clauseThe company operates under this name according to its articles.
Second Floor
deed of 10-11-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 10-11-2023 (in French)

Activities

NACEBEL 2025
VAT activities
73110 Advertising agencies main activity
Social security (RSZ) activities
73110 Advertising agencies main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
73110 Advertising, market research and public relations activities main activity
Social security (RSZ) activities
73110 Advertising, market research and public relations activities main activity
Codes under NACEBEL 2003
74401 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La vente et la procuration de produits imprimés et de tous produits dérivés en gros,au détail et par correspondance; La vente de…”
11 activities
  1. La vente et la procuration de produits imprimés et de tous produits dérivés en gros,au détail et par correspondance.
  2. La vente de savoir-faire en matière de produits imprimés sous toutes les formes existantes : franchise,droits de licence,concessions,droits d’entrée,redevance.
  3. L’exploitation de marques commerciales relatives aux produits imprimés.
  4. La vente de prestations de service relatives à la gestion,l’administration,la facturation et le développement commercial et marketing d’entreprises commercialisant des produits imprimés qu’elles soient étrangères à la société ou filiales et succursales de cette dernière.
  5. La mise en relation des différents partenaires de la chaîne graphique(clients-fournisseurs)en vue de percevoir des commissions de vente.
  6. L’édiction de tout support gratuit ou payant(journaux,magazines,brochures,CD rom,DVD rom,etc.)permettant de développer l’activité de la société.
  7. Activités et services de communication,publicité,graphisme,événementiel,planification et achats médias,production de primes,audiovisuel,création,édition.
  8. Consultance et conseil en marketing.
  9. Conseil en management.
  10. La fourniture de services et conseils aux entreprises,administrations ou tout autre organismes ou associations tant privées que publiques,dans le domaine de la gestion d’entreprises et du management,des relations publiques,de la communication et de la formation et ce tant au niveau national qu’international.
  11. Toute prestation de service dans le domaine du conseil en relations publiques,communication et promotion,ainsi que l’activité de bureau d’étude,de consultance et recherche et de coordination.
deed of 10-11-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Louizalaan 222 registered office 1050 Ixelles 25-02-2000 2.096.409.629
1 former office
  • Avenue du Brésil 3, 1000 Bruxelles until 21-12-2021 · deed of 24-01-2022

Buildings and parcels at the address

Ground area
1,034 m²
Buildings
815 m²
Volume, LiDAR
15,532 m³
Tallest building
35.9 m
Buildings to scale, each on its own parcel
815 m², 35.9 m 815 m², 35.9 m

Location

registered office establishment The establishment unit on the map
77 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21807G0121/00F008
ProtectedMonumentHuis SolvaySource ↗
1,034 m² 1 · 815 m² 35.9 m · 9

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.