T.A. Management
ActiveT.A. Management has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €512k and a net result of €-10k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 6956 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -49 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-58
Solvency61▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.22 in 2024), and 51.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
23 d late
2023
26 d late
2022
20 d early
2021
31 d late
2020
5 d early
2019
28 d late
← 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, micro schema
Equity
€512k▼ 2.0%
2024 · €522k
2018: €422k
2019: €433k
2020: €437k
2021: €488k
2022: €493k
2023: €461k
2024: €522k
2018 → 2025
Total assets
€1.05M▼ 6.0%
2024 · €1.12M
2018: €1.79M
2019: €1.74M
2020: €1.66M
2021: €1.55M
2022: €1.49M
2023: €1.38M
2024: €1.12M
2018 → 2025
Net result
€-10k
2024 · €61k
2018: €38k
2019: €11k
2020: €5k
2021: €51k
2022: €5k
2023: €-32k
2024: €61k
2018 → 2025
Working capital
€-428k▼ 1.3%
2024 · €-422k
2018: €-608k
2019: €-637k
2020: €-690k
2021: €-518k
2022: €-554k
2023: €-610k
2024: €-422k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€488k-€493k▲ 1.1%€461k▼ 6.5%€522k▲ 13.2%€512k▼ 2.0%
Operating result€107k-€58k▼ 45.7%€-3k€126k€22k▼ 82.7%
Net result€51k-€5k▼ 89.4%€-32k€61k€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€971k▼ 2.7%
Current assets
€77k▼ 34.2%
Equity and liabilities €1.05M
Equity
€512k▼ 2.0%
Debt
€536k▼ 9.6%
The debt ratio falls from 53.2% to 51.2%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€51k▼
2024 · €157k
Cash flow
€19k▼
2024 · €91k
Solvency
48.8%▲
2024 · 46.8%
Current ratio
0.15▼
2024 · 0.22
Quick ratio
0.15▼
2024 · 0.22
Debt / equity
1.05▼
2024 · 1.14
ROE
-2.0%▼
2024 · 11.7%
ROA
-1.0%▼
2024 · 5.5%
Interest coverage
1.26▼
2024 · 3.58
Debt
€536k▼
2024 · €593k
Debt ≤ 1 year
€505k▼
2024 · €539k
Debt > 1 year
€31k▼
2024 · €51k
Income taxes
€285▼
2024 · €22k
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€1.12M€1.05M▼
Fixed assets21/28€998k€971k▼
Tangible fixed assets22/27€998k€971k▼
Land and buildings22€998k€970k▼
Furniture and vehicles24-€1k
Current assets29/58€117k€77k▼
Amounts receivable within one year40/41€12k€6k▼
Trade receivables40€6k€1k▼
Other amounts receivable41€6k€5k▼
Current investments50/53€77k€13k▼
Cash at bank and in hand54/58€24k€56k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.05M▼
Equity10/15€522k€512k▼
Contributions10/11€400k€400k=
Reserves13€122k€117k▼
Distributable reserves133€122k€117k▼
Profit (loss) carried forward14-€-5k
Amounts payable17/49€593k€536k▼
Amounts payable after more than one year17€51k€31k▼
Financial debts170/4€51k€31k▼
Amounts payable within one year42/48€539k€505k▼
Current portion of amounts payable after more than one year42€43k€21k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€13k€16k▲
Taxes450/3€13k€16k▲
Other amounts payable47/48€477k€467k▼
Accrued charges and deferred income492/3€2k€187▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€29k▼
Other operating charges640/8€9k€7k▼
Gross operating margin9900€166k€58k▼
Operating profit (loss)9901€126k€22k▼
Financial income75/76B€285€8k▲
Recurring financial income75€285€8k▲
Financial charges65/66B€44k€40k▼
Recurring financial charges65€44k€40k▼
Profit (loss) for the period before taxes9903€83k€-10k▼
Income taxes67/77€22k€285▼
Profit (loss) for the period9904€61k€-10k▼
Profit (loss) for the period to be appropriated9905€61k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€-10k▼
Transfer from equity791/2-€5k
Transfer to equity691/2€61k-
To other reserves6921€61k-
The notes to these accounts (13 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
31-12
Financial
Equity above €500kEq €522k ▲13.2%
Equity rises from €461k to €522k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €-32k ▼697%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
25-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2020
Antonsen Martina Marcella
CurrentDirector · since 01-01-2020
01-01-2020
Appointed as Director
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 1991
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.
Kleine Doornstraat 332610 AntwerpenGround area
4,211 m²
Building footprint
3,305 m²
Volume, LiDAR
71,004 m³
2 parcels, Flanders · tallest building 43.4 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
Kleine Doornstraat 33, 2610 Antwerpen
since 19912.052.740.328
Zeedijk-Knokke 833, 8300 Knokke-Heist
since 20232.347.272.712
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0767/00G000 | Flanders | 3,619 m² | 1 · 3,148 m² | 43.4 m · 7 fl. |
| 11463D0384/00C000 | Flanders | 591 m² | 1 · 157 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
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SAMACOM
BE 0877.062.815
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B.S. PRODUCTIONS
BE 0412.581.778
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COOLS PARTNERS
BE 0423.344.622
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RB Design
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Alken · Eq €509k
Of 9,805 companies in sector 73110 we hold annual accounts for 3,723. 2,122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-1991
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 34 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.