SUBZEAL
ActiveSUBZEAL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €13k and a net result of €-47k. Its solvency ranks better than 68% of 1782 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2023
Axes · tick = 2022
Profitability0▼-3
Solvency99▼-1
Growth32
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 2.73 against 8.4 in 2022), and 35.8% 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+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
Solvency
64.2%
Return on assets
-224.9%
Age of the figures
41 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
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
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2024 was due at the National Bank by 31-10-2024. Nothing is on record today, 674 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
NBB · 10 filingsPosition against the passed deadline
31-03-2024 close31-10-2024 deadline05-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 11-10-2023, 20 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
20 d early
2022
28 d early
2021
3 d late
2020
33 d late
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€13k▼ 77.8%
2022 · €61k
2022: €61k
2022 → 2023
Total assets
€21k▼ 69.5%
2022 · €69k
2022: €69k
2022 → 2023
Net result
€-47k
2022 · €376
2022: €376
2022 → 2023
Working capital
€13k▼ 78.3%
2022 · €60k
2022: €60k
2022 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023Trend
Equity€61k-€13k▼ 77.8%
Operating result€574-€-47k
Net result€376-€-47k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €47k after €574 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €21k
Fixed assets
€427▼ 35.4%
Current assets
€21k▼ 69.8%
Equity and liabilities €21k
Equity
€13k▼ 77.8%
Debt
€8k▼ 7.2%
The debt ratio rises from 11.8% to 35.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-47k▼
2022 · €616
Cash flow
€-47k▼
2022 · €418
Solvency
64.2%▼
2022 · 88.2%
Current ratio
2.73▼
2022 · 8.40
Quick ratio
2.73▼
2022 · 8.40
Debt / equity
0.56▲
2022 · 0.13
ROE
-350.4%▼
2022 · 0.6%
ROA
-224.9%▼
2022 · 0.5%
Interest coverage
-118.93▼
2022 · 3.11
Debt
€8k▼
2022 · €8k
Debt ≤ 1 year
€8k▼
2022 · €8k
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 · 2023 against 2022
Balance sheet
Code20222023
Total assets
20/58€69k€21k▼
Fixed assets
21/28€661€427▼
Tangible fixed assets
22/27€661€427▼
Current assets
29/58€68k€21k▼
Amounts receivable within one year
40/41€14k€4k▼
Cash & bank
54/58€54k€16k▼
Total equity & liabilities
10/49€69k€21k▼
Equity
10/15€61k€13k▼
Contributions / capital
10/11€16k€16k=
Reserves
13€57k€57k=
Accumulated profits (losses)
14€-12k€-59k▼
Amounts payable
17/49€8k€8k▼
Amounts payable within one year
42/48€8k€8k▼
Trade debts payable within one year
44-€303
Income statement
Code20222023
Gross operating margin
9900€1k€-47k▼
Operating result
9901€574€-47k▼
Financial income
75-€283
Financial charges
65€198€393▲
Result before taxes
9903€376€-47k▼
Net result for the period
9904€376€-47k▼
Result to be appropriated
9905€376€-47k▼
Timeline · acts, filings and financial milestones
2025
24-10
State Gazette act
Director changes
v3.2
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
23-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2025
No sitting directors are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
26-09-2025
Resigned as Manager
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2003
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.
Spoorwegbaan 431730 AsseGround area
1,003 m²
Building footprint
126 m²
Volume, LiDAR
515 m³
Parcel 23322D0092/00S000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Spoorwegbaan 43, 1730 Asse
since 20032.127.191.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322D0092/00S000 | Flanders | 1,003 m² | 1 · 125 m² | 6.6 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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
MOON WALKER
BE 0717.851.567
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FORERUNNER FILMS
BE 0803.820.786
Vorst · Eq €15k
Sébastien Van Parys
BE 0802.700.239
Dendermonde · Eq €12k
Ballgame
BE 0684.726.265
Etterbeek · Eq €16k
JUST WOKE UP PUBLISHING
BE 0757.575.245
Anderlecht · Eq €16k
Of 596 companies in sector 59203 we hold annual accounts for 193. 99 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-2003
Fiscal year end31-03
Activities, NACEBEL
22140
59203Motion picture, video and television programme production, sound recording and music publishing activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-07-2026. Scores and ratios are computed by Checked and are not a credit decision.