SPECIAL ORDER
ActiveSummary
The computed 12-month bankruptcy probability of SPECIAL ORDER is 1.7% (moderate). For SPECIAL ORDER, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€112,542) and a net result of -€5,834. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 8327 sector peers (fiscal year 2023). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-84
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Return on assets
-87.1%
Age of the figures
39 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 30-01-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
42 d early
2021
on the day
2020
on the day
2019
182 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days after 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 (1)
History
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Financials · fiscal year 2023, micro schema
Equity
-€112,542▼ 5.5%
2022 · -€106,708
Total assets
€6,695▼ 54.8%
2022 · €14,810
Net result
-€5,834
2022 · €1,845
Working capital
-€115,013▼ 3.5%
2022 · -€111,174
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
Line20192020202120222023
Operating result-€4,541--€7,465▼ 64.4%-€8,413▼ 12.7%€2,130-€5,639
Net result-€4,691--€7,781below the sector's middle half▼ 65.9%-€8,645below the sector's middle half▼ 11.1%€1,845within the sector's middle half-€5,834below the sector's middle half
Equity-€92,127--€99,908below the sector's middle half▼ 8.4%-€108,553below the sector's middle half▼ 8.7%-€106,708below the sector's middle half▲ 1.7%-€112,542below the sector's middle half▼ 5.5%
Total assets€10,343-€5,315below the sector's middle half▼ 48.6%€9,198below the sector's middle half▲ 73.1%€14,810below the sector's middle half▲ 61.0%€6,695below the sector's middle half▼ 54.8%
Debt€102,470-€105,223▲ 2.7%€117,751▲ 11.9%€121,518▲ 3.2%€119,237▼ 1.9%
Working capital-€94,071--€102,287below the sector's middle half▼ 8.7%-€109,630below the sector's middle half▼ 7.2%-€111,174below the sector's middle half▼ 1.4%-€115,013below the sector's middle half▼ 3.5%
Solvency-890.7%--720.5%below the sector's middle half
Current ratio0.08-0.03below the sector's middle half▼ 0.050.07below the sector's middle half▲ 0.040.09below the sector's middle half▲ 0.020.04below the sector's middle half▼ 0.05
Return on assets (ROA)-45.4%--146.4%below the sector's middle half▼ 101.0pp-94.0%below the sector's middle half▲ 52.4pp12.5%within the sector's middle half▲ 106.4pp-87.1%below the sector's middle half▼ 99.6pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €5,639 after €2,130 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €6,695
Fixed assets
€2,471 ▼ 44.7%
Current assets
€4,224 ▼ 59.2%
Key figures and ratios
EBITDA
-€3,643▼
2022 · €3,147
Cash flow
-€3,839▼
2022 · €2,862
Debt to equity
-1.06▲
2022 · -1.14
Interest coverage
-43.15▼
2022 · 22.60
Debt ≤ 1 year
€119,237▼
2022 · €121,518
Income taxes
€112▼
2022 · €146
A ratio outside any meaningful range has been withheld (balance sheet total €6,695, equity -€112,542).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,960 | €1,216 | €1,302 | €1,018 | €1,995 | ▲ 96.1% |
| Other operating charges640/8 | - | - | - | €646 | €839 | ▲ 30.0% |
| Gross operating margin9900 | -€1,237 | -€4,456 | -€5,910 | €3,793 | -€2,804 | ▼ 174% |
| Operating profit (loss)9901 | -€4,541 | -€7,465 | -€8,413 | €2,130 | -€5,639 | ▼ 365% |
| Financial income75/76B | - | - | - | €0 | €1 | ▲ 4,900% |
| Recurring financial income75 | - | €1 | €12 | €0 | €1 | ▲ 4,900% |
| Financial charges65/66B | - | - | - | €139 | €84 | ▼ 39.4% |
| Recurring financial charges65 | €150 | €86 | €129 | €139 | €84 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | -€4,691 | -€7,550 | -€8,530 | €1,991 | -€5,722 | ▼ 387% |
| Income taxes67/77 | - | €231 | €115 | €146 | €112 | ▼ 23.3% |
| Profit (loss) for the period9904 | -€4,691 | -€7,781 | -€8,645 | €1,845 | -€5,834 | ▼ 416% |
| Profit (loss) for the period to be appropriated9905 | -€4,691 | -€7,781 | -€8,645 | €1,845 | -€5,834 | ▼ 416% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,343 | €5,315 | €9,198 | €14,810 | €6,695 | ▼ 54.8% |
| Fixed assets21/28 | €1,944 | €2,379 | €1,077 | €4,466 | €2,471 | ▼ 44.7% |
| Tangible fixed assets22/27 | €1,944 | €2,379 | €1,077 | €4,466 | €2,471 | ▼ 44.7% |
| Plant, machinery and equipment23 | - | - | - | €2,064 | €1,238 | ▼ 40.0% |
| Furniture and vehicles24 | - | - | - | €2,402 | €1,233 | ▼ 48.7% |
| Current assets29/58 | €8,399 | €2,936 | €8,121 | €10,343 | €4,224 | ▼ 59.2% |
| Amounts receivable within one year40/41 | €5,895 | - | €2,877 | €450 | - | - |
| Trade receivables40 | - | - | - | €0 | - | - |
| Other amounts receivable41 | - | - | - | €450 | - | - |
| Cash at bank and in hand54/58 | €2,504 | €2,698 | €5,244 | €9,894 | €4,224 | ▼ 57.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,343 | €5,315 | €9,198 | €14,810 | €6,695 | ▼ 54.8% |
| Equity10/15 | -€92,127 | -€99,908 | -€108,553 | -€106,708 | -€112,542 | ▼ 5.5% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€111,127 | -€118,908 | -€127,553 | -€125,708 | -€131,542 | ▼ 4.6% |
| Amounts payable17/49 | €102,470 | €105,223 | €117,751 | €121,518 | €119,237 | ▼ 1.9% |
| Amounts payable within one year42/48 | €102,470 | €105,223 | €117,751 | €121,518 | €119,237 | ▼ 1.9% |
| Trade debts44 | €3,441 | €1,240 | €2,035 | €2,446 | €477 | ▼ 80.5% |
| Suppliers440/4 | - | - | - | €2,446 | €477 | ▼ 80.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €380 | - |
| Taxes450/3 | - | - | - | - | €380 | - |
| Other amounts payable47/48 | - | - | - | €119,072 | €118,380 | ▼ 0.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,691 | -€7,781 | -€8,645 | €1,845 | -€5,834 | ▼ 416% |
| + Depreciation and write-downs630 | €1,960 | €1,216 | €1,302 | €1,018 | €1,995 | ▲ 96.1% |
| Operating cash flow (approximation) | -€2,731 | -€6,565 | -€7,343 | €2,862 | -€3,839 | ▼ 234% |
| Investment in fixed assets (approximation) | - | -€1,651 | €0 | -€4,407 | €0 | ▲ 100% |
| Change in cash | - | €194 | €2,546 | €4,650 | -€5,670 | ▼ 222% |
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
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €1,845
Net result €1,845 after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet -€8,645
Net result drops to -€8,645, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 182 days late
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2015
26-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
28-02
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 28 days late
2012
24-02
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 24 days late
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, Nijlen · 1 establishment unit since 2002
Ground area
572 m²
Building footprint
90 m²
Volume, LiDAR
632 m³
Parcel 12018A0253/00S003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Portretfotograaf
since 20022.100.529.258
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018A0253/00S003 | Flanders | 572 m² | 1 · 90 m² | 10.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 6,400 EUR awarded · 6,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 6,400 EUR | 6,400 EUR |
Schemes
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-02-2002
Fiscal year end30-06
Activities, NACEBEL 2025
73110Advertising agencies
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476892580
Registered
28-07-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.