special ad
Activespecial ad has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €469k and a net result of €100k. Equity is growing by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 1605 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency52▼-48
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 3.43 in 2024), and 70.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
29.4%
Return on assets
6.3%
Age of the figures
8 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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
126 d early
2023
58 d early
2022
60 d early
2021
69 d early
2020
12 d early
2019
59 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€469k▼ 73.2%
2024 · €1.75M
2018: €238k
2019: €324k
2020: €500k
2021: €629k
2022: €852k
2023: €1.27M
2024: €1.75M
2018 → 2025
Total assets
€1.59M▼ 42.5%
2024 · €2.77M
2018: €1.45M
2019: €1.64M
2020: €1.88M
2021: €2.15M
2022: €2.07M
2023: €2.43M
2024: €2.77M
2018 → 2025
Net result
€100k▼ 82.5%
2024 · €571k
2018: €98k
2019: €86k
2020: €196k
2021: €129k
2022: €241k
2023: €438k
2024: €571k
2018 → 2025
Working capital
€127k▼ 91.2%
2024 · €1.44M
2018: €-123k
2019: €-163k
2020: €169k
2021: €331k
2022: €365k
2023: €816k
2024: €1.44M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€629k-€852k▲ 35.5%€1.27M▲ 49.6%€1.75M▲ 37.1%€469k▼ 73.2%
Operating result€175k-€336k▲ 92.1%€584k▲ 73.7%€754k▲ 29.1%€215k▼ 71.4%
Net result€129k-€241k▲ 87.3%€438k▲ 81.5%€571k▲ 30.2%€100k▼ 82.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€968k▲ 30.1%
Current assets
€625k▼ 69.2%
Equity and liabilities €1.59M
Equity
€469k▼ 73.2%
Provisions
€0▼ 100%
Debt
€1.12M▲ 18.1%
The debt ratio rises from 34.3% to 70.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€445k▼
2024 · €1.04M
Cash flow
€330k▼
2024 · €854k
Solvency
29.4%▼
2024 · 63.0%
Current ratio
1.26▼
2024 · 3.43
Quick ratio
1.26▼
2024 · 3.43
Debt / equity
2.40▲
2024 · 0.54
ROE
21.4%▼
2024 · 32.7%
ROA
6.3%▼
2024 · 20.6%
Interest coverage
16.27▼
2024 · 45.85
Debt
€1.12M▲
2024 · €952k
Debt ≤ 1 year
€498k▼
2024 · €591k
Debt > 1 year
€627k▲
2024 · €361k
Income taxes
€150k▼
2024 · €187k
Staff costs
€78k▲
2024 · €61k
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€2.77M€1.59M▼
Fixed assets21/28€744k€968k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27€744k€963k▲
Land and buildings22€275k€11k▼
Plant, machinery and equipment23€18k€15k▼
Furniture and vehicles24€428k€922k▲
Other tangible fixed assets26€24k€15k▼
Current assets29/58€2.03M€625k▼
Amounts receivable after more than one year29€410k€0▼
Other amounts receivable291€410k€0▼
Amounts receivable within one year40/41€675k€453k▼
Trade receivables40€323k€352k▲
Other amounts receivable41€352k€100k▼
Cash at bank and in hand54/58€906k€166k▼
Deferred charges and accrued income490/1€36k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.77M€1.59M▼
Equity10/15€1.75M€469k▼
Contributions10/11€31k€31k=
Reserves13€1.72M€437k▼
Tax-exempt reserves132€29k€29k=
Distributable reserves133€1.69M€408k▼
Profit (loss) carried forward14€1k€1k=
Provisions and deferred taxes16€73k€0▼
Provisions for liabilities and charges160/5€73k€0▼
Pensions and similar obligations160€73k€0▼
Amounts payable17/49€952k€1.12M▲
Amounts payable after more than one year17€361k€627k▲
Financial debts170/4€361k€627k▲
Amounts payable within one year42/48€591k€498k▼
Current portion of amounts payable after more than one year42€154k€246k▲
Financial debts43€107k€17k▼
Credit institutions430/8€107k€17k▼
Trade debts44€240k€121k▼
Suppliers440/4€240k€121k▼
Taxes, remuneration and social security45€90k€13k▼
Taxes450/3€84k€4k▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€0€100k▲
Income statement
Code20242025
Remuneration, social security and pensions62€61k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€283k€230k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€544€9k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-73k
Other operating charges640/8€16k€20k▲
Gross operating margin9900€1.11M€480k▼
Operating profit (loss)9901€754k€215k▼
Financial income75/76B€27k€62k▲
Recurring financial income75€27k€62k▲
Financial charges65/66B€23k€27k▲
Recurring financial charges65€23k€27k▲
Profit (loss) for the period before taxes9903€758k€250k▼
Income taxes67/77€187k€150k▼
Profit (loss) for the period9904€571k€100k▼
Profit (loss) for the period to be appropriated9905€571k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€572k€101k▼
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer from equity791/2€98k€1.28M▲
Transfer to equity691/2€571k€0▼
To other reserves6921€571k€0▼
Profit to be distributed694/7€98k€1.38M▲
Return on contributions (dividend)694€98k€1.38M▲
Social balance
Average headcount (FTE)9087-1.3
The notes to these accounts (19 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €571k ▲30.2%
Operating result €754k, net result €571k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.27M ▲49.6%
6 profitable years in a row build equity to €1.27M.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €629k ▲25.8%
4 profitable years in a row build equity to €629k.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €86k ▼12.2%
Net result drops to €86k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
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.
Directors · office · real estate
Directors
3 directors, no change since 2025
BV Special Ad Holding
CurrentDirector · since 03-04-2025 · Legal entity · perm. rep.: Audry Vanderstraeten
BV Special Building
CurrentDirector · since 03-04-2025 · Legal entity · perm. rep.: Wim Ivens
03-04-2025
BV Special Ad Holding: Appointed as Director
03-04-2025
BV Special Building: Appointed as Director
03-04-2025
Wim Ivens: Resigned as Director
03-04-2025
BV Special Ad Holding: Appointed as Permanent representative
03-04-2025
BV Special Building: Appointed as Permanent representative
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2019
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.
Kleinzand (GRE) 99200 DendermondeGround area
600 m²
Building footprint
177 m²
Volume, LiDAR
723 m³
Parcel 42007B0790/00D000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Special Ad
since 20192.294.315.660
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007B0790/00D000 | Flanders | 600 m² | 1 · 177 m² | 7.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
X.K. INVEST
BE 0837.199.377
Liège · Eq €468k
AUFTAKT
BE 0785.757.408
Sint-Genesius-Rode · Eq €468k
COLIBRI MANAGEMENT
BE 0734.413.526
Sint-Joost-ten-Node · Eq €469k
TMP
BE 0442.082.052
Waregem · Eq €469k
ITHURRIA
BE 0442.295.353
Kluisbergen · Eq €468k
Of 82,218 companies in sector 70200 we hold annual accounts for 52,393. 35,068 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2004
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
73120Media representation
47811Retail sale of cars and light vans (up to 3.5 tonnes)
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
77222Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.