Equity
€265,346 from €1.2m in 2017
Equity fell by 77% in 8 years.
sQills
Lifetime
19 annual accounts with figures on one time axis, 30 filings since 1996peak €6.4m (2013)
€1.4m▼ 29.1%
lowest -€232,428 (2023)
€55,230▼ 71.7%
peak €1.2m (2017)
€265,346▲ 26.3%
€1.0m▲ 36.4%
peak 13 FTE (2013)
-not published
Board12 names since 2018
2 directorsM-MANAGEMENT and 1 other
Owners4 names in the annual accounts
100%Godinite and 1 other
Documentsfilings and deeds
23-07-20268 days before the deadline
2025financial year
Turnover from €2.0m to €1.4mResult from €195,329 to €55,230Appointment: BDO Bedrijfsrevisoren BV (statutory auditor) 22-09Registered office moved from Willebroek to Beringen 02-05Equity from €210,117 to €265,346Debts from €759,741 to €1.0m
Key points
from the 2025 annual accountsResult
€55,230 ▼ 71.7%
The result fell in 2025 from €195,329 to €55,230.
Debts
€1.0m 80% of the balance sheet
Financial debts 32%Suppliers 64%Taxes and wages 3%Other 1%
€333,333 of the debts are secured on the company's own assets. In 2024 that was €416,666.
Payment terms
181 days to suppliers
sQills pays its suppliers 116 days later than in 2024. Customers pay 10 days earlier.
Filings
30 annual accounts 31 filings since 1996
Two of the last ten came late. The 2023 accounts came latest: 428 days after the end of the period.
At the same address
17 companies
Checked score
80
Excellent
Financially stronger than 31% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.2 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.9%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 0.9%▼ -1.0 percentage point vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.8%▼ -0.1 percentage points vs 04-2026
06-2026: 0.7%▼ -0.1 percentage points vs 05-2026
07-2026: 0.9%▲ +0.2 percentage points vs 06-2026
08-2026: 0.4%▼ -0.5 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
2 of the last 3 accounts late
Profit of €55,230 (financial year 2025)
lowers risk
Size: turnover €1.4m, total assets €1.3m
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 27% of them on solvency, 16% on liquidity, 35% on profitability and 46% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 4,685 companies had the same profile as sQills has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of sQills itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 4,685 companies, not a prediction for sQills. 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 €21,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.22 (1.23 in 2024), below the usual 1.5. Short-term debt is 78.7% and cash 17.4% of total assets. 79.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €265,346
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 23-07-2026, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
8 days early
2024
362 days late
2023
56 days early
2022
46 days early
2021
9 days early
2020
14 days early
2019
1 day early
← 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 33 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 22 July (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALTRO MODO 100%equity €8.8m (2023) · 2023 annual accounts of ALTRO MODO
- Godinite 100%equity €8.6m (2025) · 2025 annual accounts of Godinite
- Stellar NV consolidatesequity €44.4m (2025) · annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0454895950
Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Gert Maris · General meeting of 11-08-2025 · Gazette deed
Registered office moved from Willebroek to Beringen
New registered office: Diestersesteenweg 56, 3583 Beringen · Previous registered office: Mechelsesteenweg 15 bus 0401, 2830 Willebroek · Resignation: Finance & Management Executives BV (day-to-day manager) · General meeting of 16-12-2024 · Gazette deed
Registered office moved from Antwerp to Willebroek
New registered office: Mechelsesteenweg 15 bus 0401, 2830 Willebroek · Previous registered office: Lange Winkelhaakstraat 26; 2060 Antwerpen · Permanent representative: Tim Pauwels · General meeting of 20-08-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| sQills Beringen | €1.4m | 6.4% | 20.4% | - |
| CTR - MEDIA Brussels | €1.3m | 0.7% | 58.3% | 7 |
| HIGH ART MEDIA Lasne | €1.2m | -4.7% | 15.0% | 1 |
| FREECASTER Namur | €1.2m | 5.1% | 83.5% | 8.2 |
| CREAVIT Wommelgem | €1.8m | 15.9% | 79.6% | 14.5 |
| VITAM Ixelles | €1.5m | 64.9% | 24.3% | - |
| GEKKO GROUP Seneffe | €0.4m | 46.4% | 93.1% | - |
Grey: the largest companies of the sector (advertising and market research (NACE 73)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as sQills: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €840,000 and €1.9m, founded between 1983 and 2000.
Official details
Source: KBO- Status
- Active since 05-04-1995Normal situation
- Registered office
- 18 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Advertising agenciesNACE 73110
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Establishment unit
- 2.071.504.4823583 Beringen, since 09-05-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 27-07-2026
Annual accounts 2025
- €1.3m▲ 34.2%
- Filing
- Filed on 23-07-2026, 8 days before the end of the filing period
Insights on sQills
sQills has existed since 1995. In 2013 turnover rose from €901,742 to €6.4m and staff from 1.8 to 13 full-time equivalents.
ALTRO MODO holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about sQills
- What is the company number of sQills?
- The company number of sQills is 0454.895.950. The VAT number is the same number with BE in front: BE 0454.895.950.
- Where is sQills based?
- The registered office is at Diestersesteenweg 56, 3583 Beringen.Company details
- What does sQills do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of sQills?
- sQills is a public limited company (NV).
- When was sQills founded?
- sQills was founded on 05-04-1995.
- Is sQills still active?
- Yes, sQills is an active enterprise in the KBO register.
- How many employees does sQills have?
- sQills had an average of 0.5 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does sQills fall under?
- In its 2022 annual accounts, sQills states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of sQills?
- The turnover of sQills was €1.4m in financial year 2025, according to the filed annual accounts.
- Is sQills profitable?
- In financial year 2025, sQills made a profit of €55,230.
- Where can I find the annual accounts of sQills?
- sQills filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of sQills due?
- sQills must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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