TARGET.ONE
ActiveSummary
TARGET.ONE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €226,267 and a net result of €32,092. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 1101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-1
Solvency71=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 1.95 against 2.21 in 2023; short-term debt: 34.5% and cash: 3.9% of total assets), but 54% of the assets are financed with debt.
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Signals
Three 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 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 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
not confirmed
2024
50 d late
2023
22 d late
2022
69 d late
2021
77 d late
2020
26 d late
2019
374 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 103 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32,092▲ 6.5%
2023 · €30,138
Working capital
€161,133▲ 13.7%
2023 · €141,671
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€21,235▼ 76.2%€13,987▼ 34.1%€73,840▲ 428%€53,344▼ 27.8%€55,375▲ 3.8%
Net result€5,043within the sector's middle half▼ 88.6%€3,318within the sector's middle half▼ 34.2%€47,856within the sector's middle half▲ 1,342%€30,138within the sector's middle half▼ 37.0%€32,092within the sector's middle half▲ 6.5%
Equity€112,863within the sector's middle half▲ 4.7%€116,181within the sector's middle half▲ 2.9%€164,037within the sector's middle half▲ 41.2%€194,175within the sector's middle half▲ 18.4%€226,267within the sector's middle half▲ 16.5%
Total assets€454,610within the sector's middle half▲ 5.0%€470,032within the sector's middle half▲ 3.4%€467,071within the sector's middle half▼ 0.6%€423,691within the sector's middle half▼ 9.3%€491,880within the sector's middle half▲ 16.1%
Debt€341,747▲ 5.1%€353,851▲ 3.5%€303,034▼ 14.4%€229,516▼ 24.3%€265,613▲ 15.7%
Working capital€143,905within the sector's middle half▲ 44.9%€69,634within the sector's middle half▼ 51.6%€101,555within the sector's middle half▲ 45.8%€141,671within the sector's middle half▲ 39.5%€161,133within the sector's middle half▲ 13.7%
Solvency24.8%within the sector's middle half▼ 0.1pp24.7%within the sector's middle half▼ 0.1pp35.1%within the sector's middle half▲ 10.4pp45.8%within the sector's middle half▲ 10.7pp46.0%within the sector's middle half▲ 0.2pp
Current ratio2.08within the sector's middle half▲ 0.431.33within the sector's middle half▼ 0.751.58within the sector's middle half▲ 0.252.21within the sector's middle half▲ 0.631.95within the sector's middle half▼ 0.26
Return on assets (ROA)1.1%within the sector's middle half▼ 9.1pp0.7%within the sector's middle half▼ 0.4pp10.2%within the sector's middle half▲ 9.5pp7.1%within the sector's middle half▼ 3.1pp6.5%within the sector's middle half▼ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €491,880
Fixed assets
€160,861 ▼ 2.6%
Current assets
€331,020 ▲ 28.1%
Equity and liabilities €491,880
Equity
€226,267 ▲ 16.5%
Debt
€265,613 ▲ 15.7%
Debt's share of the balance-sheet total falls from 54.2% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,120▲
2023 · €70,900
Cash flow
€51,836▲
2023 · €47,694
Debt to equity
1.17▼
2023 · 1.18
ROE
14.2%▼
2023 · 15.5%
Interest coverage
12.80▲
2023 · 10.56
Debt ≤ 1 year
€169,886▲
2023 · €116,791
Debt > 1 year
€95,727▼
2023 · €112,725
Income taxes
€17,414▲
2023 · €16,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,708 | €11,784 | €13,001 | €17,556 | €19,745 | ▲ 12.5% |
| Other operating charges640/8 | - | €7,098 | €2,916 | €4,783 | €2,356 | ▼ 50.7% |
| Gross operating margin9900 | €35,252 | €32,869 | €89,756 | €75,682 | €77,476 | ▲ 2.4% |
| Operating profit (loss)9901 | €21,235 | €13,987 | €73,840 | €53,344 | €55,375 | ▲ 3.8% |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Financial charges65/66B | - | €8,391 | €7,593 | €6,716 | €5,870 | ▼ 12.6% |
| Recurring financial charges65 | €9,089 | €8,391 | €7,593 | €6,716 | €5,870 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €12,153 | €5,596 | €66,247 | €46,627 | €49,505 | ▲ 6.2% |
| Income taxes67/77 | €7,110 | €2,278 | €18,390 | €16,489 | €17,414 | ▲ 5.6% |
| Profit (loss) for the period9904 | €5,043 | €3,318 | €47,856 | €30,138 | €32,092 | ▲ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €5,043 | €3,318 | €47,856 | €30,138 | €32,092 | ▲ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,610 | €470,032 | €467,071 | €423,691 | €491,880 | ▲ 16.1% |
| Fixed assets21/28 | €177,808 | €190,791 | €191,485 | €165,229 | €160,861 | ▼ 2.6% |
| Tangible fixed assets22/27 | €177,488 | €190,471 | €191,165 | €164,909 | €160,541 | ▼ 2.6% |
| Land and buildings22 | - | €159,044 | €150,969 | €142,893 | €134,795 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | - | €2,602 | €1,996 | €1,388 | ▼ 30.4% |
| Furniture and vehicles24 | - | €31,426 | €37,595 | €20,020 | €24,357 | ▲ 21.7% |
| Financial fixed assets28 | €320 | €320 | €320 | €320 | €320 | = |
| Current assets29/58 | €276,802 | €279,241 | €275,586 | €258,462 | €331,020 | ▲ 28.1% |
| Amounts receivable within one year40/41 | €238,702 | €248,696 | €247,654 | €248,490 | €309,528 | ▲ 24.6% |
| Trade receivables40 | - | €71,480 | €43,480 | €10,360 | €44,683 | ▲ 331% |
| Other amounts receivable41 | - | €177,216 | €204,174 | €238,130 | €264,845 | ▲ 11.2% |
| Cash at bank and in hand54/58 | €38,101 | €29,628 | €27,932 | €9,972 | €19,267 | ▲ 93.2% |
| Deferred charges and accrued income490/1 | - | €917 | - | - | €2,225 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,610 | €470,032 | €467,071 | €423,691 | €491,880 | ▲ 16.1% |
| Equity10/15 | €112,863 | €116,181 | €164,037 | €194,175 | €226,267 | ▲ 16.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €41,860 | €41,860 | €86,860 | €116,860 | €148,860 | ▲ 27.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €40,000 | €85,000 | €115,000 | €147,000 | ▲ 27.8% |
| Profit (loss) carried forward14 | €64,803 | €68,121 | €70,977 | €71,115 | €71,207 | ▲ 0.1% |
| Amounts payable17/49 | €341,747 | €353,851 | €303,034 | €229,516 | €265,613 | ▲ 15.7% |
| Amounts payable after more than one year17 | €208,849 | €144,243 | €129,003 | €112,725 | €95,727 | ▼ 15.1% |
| Financial debts170/4 | - | €144,243 | €129,003 | €112,725 | €95,727 | ▼ 15.1% |
| Amounts payable within one year42/48 | €132,898 | €209,608 | €174,031 | €116,791 | €169,886 | ▲ 45.5% |
| Current portion of amounts payable after more than one year42 | - | €14,822 | €15,241 | €16,278 | €17,014 | ▲ 4.5% |
| Trade debts44 | €100,886 | €172,327 | €136,015 | €74,121 | €117,337 | ▲ 58.3% |
| Suppliers440/4 | - | €172,327 | €136,015 | €74,121 | €117,337 | ▲ 58.3% |
| Taxes, remuneration and social security45 | - | €22,458 | €22,776 | €26,392 | €35,535 | ▲ 34.6% |
| Taxes450/3 | - | €22,458 | €22,776 | €26,392 | €35,535 | ▲ 34.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,043 | €3,318 | €47,856 | €30,138 | €32,092 | ▲ 6.5% |
| + Depreciation and write-downs630 | €11,708 | €11,784 | €13,001 | €17,556 | €19,745 | ▲ 12.5% |
| Operating cash flow (approximation) | €16,751 | €15,102 | €60,857 | €47,694 | €51,836 | ▲ 8.7% |
| Investment in fixed assets (approximation) | - | -€24,766 | -€13,695 | €8,700 | -€15,376 | ▼ 277% |
| Change in cash | - | -€8,472 | -€1,697 | -€17,959 | €9,295 | ▲ 152% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
31-12
Financial
Equity above €200,000Eq €226,267 ▲16.5%
6 profitable years in a row build equity to €226,267.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 69 days late
2022
31-12
Financial
Highest result since 2019net €47,856 ▲1,342%
Net result €47,856, the highest in the series.
31-12
Financial
Equity above €150,000Eq €164,037 ▲41.2%
4 profitable years in a row build equity to €164,037.
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 77 days late
2021
31-12
Financial
Weakest financial yearnet €3,318 ▼34.2%
Net result drops to €3,318, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 374 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 144 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 153 days late
2016
04-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 94 days late
2015
26-05
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Grez-Doiceau · 1 establishment unit since 2004
Ground area
623 m²
Building footprint
86 m²
Volume, LiDAR
498 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TARGET.ONE
since 20042.135.987.411
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037A0130/00A002 | Wallonia | 527 m² | 1 · 86 m² | 7.9 m · 2 fl. |
| 25037C0072/00F003 | Wallonia | 96 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,756 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
90391Promotion and organisation of arts and performing arts events
93121Football clubs
93199Other sports activities
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862805201
Registered
17-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.