't HOF
Active't HOF has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-310k) and a net result of €-78k. Equity is shrinking by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency67=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 8.85 against 3.43 in 2024), but equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
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: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-32%
Return on assets
-8%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€310k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
29 d late
2023
65 d late
2022
65 d late
2021
30 d late
2020
27 d late
2019
40 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-78k▲ 3.8%
2024 · €-81k
2018: €1k
2019: €-22k
2020: €-26k
2021: €-114k
2022: €173k
2023: €-100k
2024: €-81k
2018 → 2025
Working capital
€15k▼ 6.1%
2024 · €16k
2018: €10k
2019: €-43k
2020: €-2k
2021: €-16k
2022: €50k
2023: €24k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-224k-€-51k▲ 77.3%€-151k▼ 197%€-232k▼ 53.6%€-310k▼ 33.5%
Operating result€-112k-€175k€-100k€-81k▲ 19.2%€-77k▲ 4.4%
Net result€-114k-€173k€-100k€-81k▲ 19.2%€-78k▲ 3.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €77k in 2025 against €81k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €967k
Fixed assets
€950k▼ 7.5%
Current assets
€17k▼ 24.9%
Key figures and ratios
EBITDA
€191▲
2024 · €-3k
Cash flow
€-345▲
2024 · €-3k
Solvency
-32.0%▼
2024 · -22.1%
Current ratio
8.85▲
2024 · 3.43
Quick ratio
6.27▲
2024 · 2.35
Debt / equity
-4.12▲
2024 · -5.52
ROE
25.1%▼
2024 · 34.9%
ROA
-8.0%▼
2024 · -7.7%
Interest coverage
0.36▲
2024 · -36.75
Debt
€1.28M▼
2024 · €1.28M
Debt ≤ 1 year
€2k▼
2024 · €7k
Debt > 1 year
€1.27M=
2024 · €1.28M
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€1.05M€967k▼
Fixed assets21/28€1.03M€950k▼
Tangible fixed assets22/27€1.03M€950k▼
Land and buildings22€391k€380k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€20k€15k▼
Leasing and similar rights25€436k€405k▼
Other tangible fixed assets26€178k€149k▼
Current assets29/58€22k€17k▼
Stocks and contracts in progress3€7k€5k▼
Stocks30/36€7k€5k▼
Amounts receivable within one year40/41€11k€8k▼
Trade receivables40€2k€4k▲
Other amounts receivable41€8k€4k▼
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.05M€967k▼
Equity10/15€-232k€-310k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-301k€-379k▼
Amounts payable17/49€1.28M€1.28M▼
Amounts payable after more than one year17€1.28M€1.27M=
Other amounts payable178/9€1.28M€1.27M=
Amounts payable within one year42/48€7k€2k▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€518€221▼
Taxes450/3€518€221▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€77k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-3k€-3k▼
Other operating charges640/8€7k€10k▲
Gross operating margin9900€598€7k▲
Operating profit (loss)9901€-81k€-77k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€92€536▲
Recurring financial charges65€92€536▲
Profit (loss) for the period before taxes9903€-81k€-78k▲
Profit (loss) for the period9904€-81k€-78k▲
Profit (loss) for the period to be appropriated9905€-81k€-78k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-301k€-379k▼
Profit (loss) brought forward from the previous period14P€-220k€-301k▼
The notes to these accounts (4 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 8.85
Current ratio from 3.43 to 8.85; short-term debt falls from €7k to €2k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 65 days late
2022
31-12
Financial
Back to profitnet €173k
Net result €173k after 3 loss-making years.
31-12
Financial
Liquidity times 66current ratio 26.88
Current ratio from 0.41 to 26.88; short-term debt falls from €26k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-114k
Net result drops to €-114k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 40 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Maarkedal · 2 establishment units since 1989
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.
Berkenstraat 19680 MaarkedalGround area
1,447 m²
Building footprint
802 m²
Volume, LiDAR
5,694 m³
2 parcels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
't MAGdA ZIJN
since 19892.044.663.196
Maskerade
since 20202.298.590.291
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45011A0502/00X000 | Flanders | 891 m² | 1 · 537 m² | 10.3 m · 2 fl. |
| 45021A1510/00M000 | Flanders | 556 m² | 1 · 265 m² | 11.2 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector and region
Parochiale Werken Sint-Britius Etikhove
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Academy One Studios
BE 0445.701.439
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ACCOSPIRIT
BE 0691.684.729
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ACE EN THE JOKERS
BE 0472.935.871
Maldegem
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 640 companies in sector 90312 we hold annual accounts for 226.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-07-1989
Fiscal year end31-12
Activities, NACEBEL
90312Arts creation and performing arts activities
47761Retail sale of flowers, plants, seeds and fertilisers
55302
56101Full-service restaurants
56111Full-service restaurants
74105Other professional, scientific and technical activities
74140Other specialised design activities
77224Rental and leasing activities
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 35 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.