SKAAL
ActiveSummary
SKAAL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.54M and a net result of €-40k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-1
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 9.27; short-term debt: 0.4% and cash: 0% of total assets), and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
99.5%
Return on assets
-0.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
16 d early
2023
50 d early
2022
2 d early
2021
5 d early
2020
1 d early
2019
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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€10.54M▼ 26.7%
2024 · €14.38M
2018: €14.06M
2019: €13.98M▼ -0.6% vs 2018
2020: €14.52M▲ +3.8% vs 2019highest in 8 years
2021: €14.26M▼ -1.8% vs 2020
2022: €14.29M▲ +0.2% vs 2021
2023: €14.38M▲ +0.7% vs 2022
2024: €14.38M● +0.0% vs 2023
2025: €10.54M▼ -26.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€10.59M▼ 26.4%
2024 · €14.40M
2018: €14.32M
2019: €14.29M▼ -0.2% vs 2018
2020: €15.12M▲ +5.8% vs 2019highest in 8 years
2021: €14.28M▼ -5.5% vs 2020
2022: €14.31M▲ +0.2% vs 2021
2023: €14.46M▲ +1.0% vs 2022
2024: €14.40M▼ -0.4% vs 2023
2025: €10.59M▼ -26.4% vs 2024lowest in 8 years
2018 → 2025
Net result
€-40k
2024 · €460
2018: €91k
2019: €-82k▼ -190% vs 2018
2020: €536k▲ +757% vs 2019highest in 8 years
2021: €-254k▼ -147% vs 2020lowest in 8 years
2022: €24k▲ +109% vs 2021
2023: €95k▲ +301% vs 2022
2024: €460▼ -99.5% vs 2023
2025: €-40k▼ -8737% vs 2024
2018 → 2025
Working capital
€384k▼ 90.9%
2024 · €4.24M
2018: €2.69M
2019: €2.61M▼ -3.0% vs 2018
2020: €3.52M▲ +34.8% vs 2019
2021: €4.45M▲ +26.6% vs 2020highest in 8 years
2022: €4.43M▼ -0.6% vs 2021
2023: €4.42M▼ -0.2% vs 2022
2024: €4.24M▼ -4.1% vs 2023
2025: €384k▼ -90.9% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14.26M-€14.29M▲ 0.2%€14.38M▲ 0.7%€14.38M=€10.54M▼ 26.7%
2021: €14.26M
2022: €14.29M▲ +0.2% vs 2021
2023: €14.38M▲ +0.7% vs 2022
2024: €14.38M● +0.0% vs 2023highest in 5 years
2025: €10.54M▼ -26.7% vs 2024lowest in 5 years
Operating result€-283k-€-31k▲ 89.1%€17k€-65k€-91k▼ 39.5%
2021: €-283klowest in 5 years
2022: €-31k▲ +89.1% vs 2021
2023: €17k▲ +155% vs 2022highest in 5 years
2024: €-65k▼ -486% vs 2023
2025: €-91k▼ -39.5% vs 2024
Net result€-254k-€24k€95k▲ 301%€460▼ 99.5%€-40k
2021: €-254klowest in 5 years
2022: €24k▲ +109% vs 2021
2023: €95k▲ +301% vs 2022highest in 5 years
2024: €460▼ -99.5% vs 2023
2025: €-40k▼ -8737% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €91k in 2025 against €65k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.59M
Fixed assets
€10.16M ▲ 0.1%
Current assets
€431k ▼ 89.9%
Equity and liabilities €10.59M
Equity
€10.54M ▼ 26.7%
Debt
€48k ▲ 204%
Debt's share of the balance-sheet total rises from 0.1% to 0.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-67k▼
2024 · €-48k
Cash flow
€-16k▼
2024 · €18k
Current ratio
9.27
Debt to equity
0.00▲
2024 · 0.00
ROE
-0.4%▼
2024 · 0.0%
ROA
-0.4%▼
2024 · 0.0%
Interest coverage
-1340.17▲
2024 · -1532.95
Debt ≤ 1 year
€46k▲
2024 · €14k
Income taxes
€204▼
2024 · €453
Staff costs
€38k▲
2024 · €31k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€14.40M€10.59M▼
Fixed assets21/28€10.15M€10.16M▲
Tangible fixed assets22/27€137k€113k▼
Plant, machinery and equipment23€25k€19k▼
Furniture and vehicles24€111k€94k▼
Financial fixed assets28€10.01M€10.05M▲
Current assets29/58€4.25M€431k▼
Amounts receivable after more than one year29€3.67M-
Other amounts receivable291€3.67M-
Amounts receivable within one year40/41€575k€414k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€562k€404k▼
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€1k€11k▲
Equity and liabilities
Total equity and liabilities10/49€14.40M€10.59M▼
Equity10/15€14.38M€10.54M▼
Contributions10/11€13.24M€9.74M▼
Reserves13€1.14M€800k▼
Non-distributable reserves130/1€43k-
Reserves not available under the articles1311€43k-
Distributable reserves133€1.10M€800k▼
Amounts payable17/49€16k€48k▲
Amounts payable within one year42/48€14k€46k▲
Trade debts44€6k€21k▲
Suppliers440/4€6k€21k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€462€225▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48-€18k
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€31k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-15k€-27k▼
Operating profit (loss)9901€-65k€-91k▼
Financial income75/76B€66k€51k▼
Recurring financial income75€66k€51k▼
Non-recurring financial income76B-€20
Financial charges65/66B€31€50▲
Recurring financial charges65€31€50▲
Profit (loss) for the period before taxes9903€914€-40k▼
Income taxes67/77€453€204▼
Profit (loss) for the period9904€460€-40k▼
Profit (loss) for the period to be appropriated9905€460€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€460€-40k▼
Transfer from equity791/2-€341k
Transfer to equity691/2€460-
To other reserves6921€460-
Profit to be distributed694/7-€301k
Return on contributions (dividend)694-€301k
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €20k | €50k | €50k | - | - | - |
| Remuneration, social security and pensions62 | €19k | €27k | €29k | €31k | €38k | ▲ 21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1k | €17k | €24k | ▲ 39.5% |
| Other operating charges640/8 | €1k | €1k | €1k | €2k | €2k | ▼ 2.0% |
| Non-recurring operating charges66A | €275k | - | - | - | - | - |
| Gross operating margin9900 | €12k | €-3k | €48k | €-15k | €-27k | ▼ 82.1% |
| Operating profit (loss)9901 | €-283k | €-31k | €17k | €-65k | €-91k | ▼ 39.5% |
| Financial income75/76B | €30k | €55k | €84k | €66k | €51k | ▼ 22.3% |
| Recurring financial income75 | €30k | €55k | €84k | €66k | €51k | ▼ 22.3% |
| Non-recurring financial income76B | - | - | - | - | €20 | - |
| Financial charges65/66B | €122 | €45 | €24 | €31 | €50 | ▲ 59.6% |
| Recurring financial charges65 | €122 | €45 | €24 | €31 | €50 | ▲ 59.6% |
| Profit (loss) for the period before taxes9903 | €-254k | €24k | €101k | €914 | €-40k | ▼ 4,428% |
| Income taxes67/77 | €311 | - | €6k | €453 | €204 | ▼ 55.1% |
| Profit (loss) for the period9904 | €-254k | €24k | €95k | €460 | €-40k | ▼ 8,737% |
| Profit (loss) for the period to be appropriated9905 | €-254k | €24k | €95k | €460 | €-40k | ▼ 8,737% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.28M | €14.31M | €14.46M | €14.40M | €10.59M | ▼ 26.4% |
| Fixed assets21/28 | €9.81M | €9.86M | €9.97M | €10.15M | €10.16M | ▲ 0.1% |
| Tangible fixed assets22/27 | - | - | €32k | €137k | €113k | ▼ 17.6% |
| Plant, machinery and equipment23 | - | - | €32k | €25k | €19k | ▼ 26.1% |
| Furniture and vehicles24 | - | - | - | €111k | €94k | ▼ 15.6% |
| Financial fixed assets28 | €9.81M | €9.86M | €9.94M | €10.01M | €10.05M | ▲ 0.4% |
| Current assets29/58 | €4.47M | €4.45M | €4.49M | €4.25M | €431k | ▼ 89.9% |
| Amounts receivable after more than one year29 | - | - | €3.61M | €3.67M | - | - |
| Other amounts receivable291 | - | - | €3.61M | €3.67M | - | - |
| Amounts receivable within one year40/41 | €4.26M | €4.20M | €842k | €575k | €414k | ▼ 28.0% |
| Trade receivables40 | €97 | €3k | €32k | €13k | €10k | ▼ 26.9% |
| Other amounts receivable41 | €4.26M | €4.20M | €810k | €562k | €404k | ▼ 28.0% |
| Cash at bank and in hand54/58 | €214k | €248k | €17k | €6k | €5k | ▼ 7.9% |
| Deferred charges and accrued income490/1 | - | - | €14k | €1k | €11k | ▲ 839% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.28M | €14.31M | €14.46M | €14.40M | €10.59M | ▼ 26.4% |
| Equity10/15 | €14.26M | €14.29M | €14.38M | €14.38M | €10.54M | ▼ 26.7% |
| Contributions10/11 | €13.24M | €13.24M | €13.24M | €13.24M | €9.74M | ▼ 26.4% |
| Reserves13 | €1.02M | €1.05M | €1.14M | €1.14M | €800k | ▼ 29.9% |
| Non-distributable reserves130/1 | €43k | €43k | €43k | €43k | - | - |
| Reserves not available under the articles1311 | €43k | €43k | €43k | €43k | - | - |
| Distributable reserves133 | €979k | €1.00M | €1.10M | €1.10M | €800k | ▼ 27.2% |
| Amounts payable17/49 | €19k | €23k | €76k | €16k | €48k | ▲ 204% |
| Amounts payable within one year42/48 | €18k | €21k | €71k | €14k | €46k | ▲ 239% |
| Trade debts44 | €9k | €9k | €37k | €6k | €21k | ▲ 283% |
| Suppliers440/4 | €9k | €9k | €37k | €6k | €21k | ▲ 283% |
| Taxes, remuneration and social security45 | €4k | €7k | €14k | €8k | €7k | ▼ 11.0% |
| Taxes450/3 | €319 | €9 | €6k | €462 | €225 | ▼ 51.3% |
| Remuneration and social security454/9 | €4k | €7k | €8k | €8k | €7k | ▼ 8.5% |
| Other amounts payable47/48 | €5k | €6k | €20k | - | €18k | - |
| Accrued charges and deferred income492/3 | €848 | €2k | €5k | €2k | €2k | ▼ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-254k | €24k | €95k | €460 | €-40k | ▼ 8,737% |
| + Depreciation and write-downs630 | - | - | €1k | €17k | €24k | ▲ 39.5% |
| Operating cash flow (approximation) | €-254k | €24k | €96k | €18k | €-16k | ▼ 188% |
| Investment in fixed assets (approximation) | - | €-53k | €-108k | €-196k | €-37k | ▲ 81.1% |
| Change in cash | - | €34k | €-231k | €-12k | €-451 | ▲ 96.1% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Liquidity times 5current ratio 310.10
Current ratio from 63.57 to 310.10; short-term debt falls from €71k to €14k.
11-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Weakest financial yearnet €-254k
Net result drops to €-254k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 36current ratio 248.68
Current ratio from 6.88 to 248.68; short-term debt falls from €599k to €18k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €536k
Net result €536k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Hamont-Achel · 1 establishment unit since 1994
Ground area
5,715 m²
Building footprint
419 m²
Volume, LiDAR
1,976 m³
Parcel 72001A0407/00C000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SKAAL BVBA
since 19942.069.563.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72001A0407/00C000 | Flanders | 5,715 m² | 1 · 419 m² | 8.3 m · 2 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. 208 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
Founded30-11-1994
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.