TAN - DEM
ActiveTAN - DEM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €756. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 54% of 1633 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-14
Solvency73▲+1
Growth39=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.67 in 2024; short-term debt: 51.9% and cash: 21.6% of total assets), but 51.9% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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
12 d late
2024
6 d late
2023
19 d late
2022
3 d late
2021
52 d late
2020
51 d late
2019
63 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€990k▼ 15.3%
2019 · €1.17M
2018: €1.14M
2019: €1.17M
2018 → 2020
EBIT margin
-0.1%▼ 3.3pp
2019 · 3.2%
2018: 3.0%
2019: 3.2%
2018 → 2020
Net result
€756▼ 84.2%
2024 · €5k
2018: €19k
2019: €22k
2020: €-6k
2021: €-6k
2022: €5k
2023: €1k
2024: €5k
2018 → 2025
Working capital
€204k▲ 4.1%
2024 · €195k
2018: €173k
2019: €178k
2020: €214k
2021: €213k
2022: €160k
2023: €172k
2024: €195k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€254k▲ 1.8%€255k▲ 0.4%€259k▲ 1.9%€260k▲ 0.3%
Operating result€5k-€16k▲ 243%€13k▼ 20.7%€16k▲ 25.7%€11k▼ 30.0%
Net result€-6k-€5k€1k▼ 77.7%€5k▲ 374%€756▼ 84.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541k
Fixed assets
€57k▼ 11.4%
Current assets
€485k▼ 1.0%
Equity and liabilities €541k
Equity
€260k▲ 0.3%
Debt
€281k▼ 4.3%
The debt ratio falls from 53.1% to 51.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €35k
Cash flow
€14k▼
2024 · €23k
Solvency
48.1%▲
2024 · 46.9%
Current ratio
1.72▲
2024 · 1.67
Quick ratio
1.72▲
2024 · 1.67
Debt / equity
1.08▼
2024 · 1.13
ROE
0.3%▼
2024 · 1.8%
ROA
0.1%▼
2024 · 0.9%
Interest coverage
4.39▼
2024 · 6.34
Debt
€281k▼
2024 · €294k
Debt ≤ 1 year
€281k▼
2024 · €294k
Income taxes
€8k▼
2024 · €9k
Staff costs
€647k▼
2024 · €728k
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€553k€541k▼
Fixed assets21/28€64k€57k▼
Tangible fixed assets22/27€63k€55k▼
Furniture and vehicles24€11k€14k▲
Other tangible fixed assets26€51k€41k▼
Financial fixed assets28€1k€1k=
Current assets29/58€489k€485k▼
Amounts receivable after more than one year29€87k€90k▲
Other amounts receivable291€87k€90k▲
Amounts receivable within one year40/41€209k€270k▲
Trade receivables40€198k€258k▲
Other amounts receivable41€11k€12k▲
Cash at bank and in hand54/58€184k€117k▼
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€553k€541k▼
Equity10/15€259k€260k▲
Contributions10/11€19k€19k=
Reserves13€27k€27k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€214k€215k▲
Amounts payable17/49€294k€281k▼
Amounts payable within one year42/48€294k€281k▼
Current portion of amounts payable after more than one year42€64k€69k▲
Trade debts44€108k€87k▼
Suppliers440/4€108k€87k▼
Advances received on contracts in progress46-€20k
Taxes, remuneration and social security45€122k€105k▼
Taxes450/3€27k€25k▼
Remuneration and social security454/9€95k€80k▼
Other amounts payable47/48-€51
Income statement
Code20242025
Remuneration, social security and pensions62€728k€647k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€13k▼
Other operating charges640/8€5k€6k▲
Gross operating margin9900€767k€677k▼
Operating profit (loss)9901€16k€11k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€14k€8k▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€5k€756▼
Profit (loss) for the period to be appropriated9905€5k€756▼
Appropriation of the result
Profit (loss) to be appropriated9906€214k€215k▲
Profit (loss) brought forward from the previous period14P€209k€214k▲
Social balance
Average headcount (FTE)908711.5-
The notes to these accounts (9 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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 19 days late
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
20-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 51 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
2019
31-12
Financial
Highest result since 2018net €22k ▲15.2%
Operating result €37k, net result €22k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Vorst · 1 establishment unit since 1997
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.
Brugmannlaan 771190 VorstGround area
312 m²
Building footprint
133 m²
Volume, LiDAR
2,189 m³
Parcel 21383B0097/00G004, Brussels · tallest building 25.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Brugmannlaan 77, 1190 Vorst
since 19972.084.520.892
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0097/00G004 | Brussels | 312 m² | 1 · 133 m² | 25.5 m · 6 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.
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RECLAME EN PUBLICITEIT MEDIA
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ARDEK
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GLAZNOST
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Of 808 companies in sector 73120 we hold annual accounts for 281. 214 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-1997
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
73120Media representation
74401
74402
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.