TARGET PLUS
InactiveInactive since 23-09-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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
26 d late
2024
on the day
2023
1 d early
2022
10 d late
2021
28 d early
2020
18 d early
2018
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?HERSTORY · 10 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€38,223
2024 · €126,462
Working capital
-€428,874▼ 6.3%
2024 · -€403,435
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€238,734▼ 49.3%€247,004▲ 3.5%€164,184▼ 33.5%€170,419▲ 3.8%-€40,392
Net result-€103,877▲ 26.3%-€27,821▲ 73.2%€2,099€126,462▲ 5,925%-€38,223
Equity€407,025▼ 20.3%€379,204▼ 6.8%€381,303▲ 0.6%€507,765▲ 33.2%€469,543▼ 7.5%
Total assets€3.0m▼ 6.4%€2.8m▼ 8.1%€2.5m▼ 8.2%€1.4m▼ 44.0%€1.1m▼ 25.5%
Debt€1.2m▲ 14.5%€1.4m▲ 10.0%€1.3m▼ 3.9%€907,178▼ 31.2%€585,066▼ 35.5%
Working capital€879,361▼ 43.1%€492,934▼ 43.9%€308,947▼ 37.3%-€403,435-€428,874▼ 6.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €40,392 after €170,419 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€900,576 ▼ 4.3%
Current assets
€154,033 ▼ 67.5%
Equity and liabilities €1.1m
Equity
€469,543 ▼ 7.5%
Debt
€585,066 ▼ 35.5%
Debt's share of the balance-sheet total falls from 64.1% to 55.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1,218▼
2024 · €212,527
Cash flow
€3,387▼
2024 · €168,570
Current ratio
0.26▼
2024 · 0.54
Debt to equity
1.25▼
2024 · 1.79
ROE
-8.1%▼
2024 · 24.9%
ROA
-3.6%▼
2024 · 8.9%
Interest coverage
0.49▼
2024 · 74.34
Debt ≤ 1 year
€582,907▼
2024 · €877,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,729 | €41,850 | €42,096 | €42,108 | €41,610 | ▼ 1.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€257,981 | -€174,518 | -€182,111 | - | - |
| Other operating charges640/8 | - | €4,125 | €4,750 | €5,410 | €5,502 | ▲ 1.7% |
| Gross operating margin9900 | €25,121 | €34,999 | €36,512 | €35,826 | €6,720 | ▼ 81.2% |
| Operating profit (loss)9901 | €238,734 | €247,004 | €164,184 | €170,419 | -€40,392 | ▼ 124% |
| Financial income75/76B | - | €7,701 | €11,080 | €4,500 | €4,647 | ▲ 3.3% |
| Recurring financial income75 | - | €7,701 | €11,080 | €4,500 | €4,647 | ▲ 3.3% |
| Financial charges65/66B | - | €343,880 | €172,788 | €2,859 | €2,478 | ▼ 13.3% |
| Recurring financial charges65 | €342,611 | €343,880 | €172,788 | €2,859 | €2,478 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | -€103,877 | -€89,174 | €2,477 | €172,060 | -€38,223 | ▼ 122% |
| Transfer from deferred taxes780 | - | €79,778 | - | - | - | - |
| Income taxes67/77 | - | €18,424 | €378 | €45,597 | - | - |
| Profit (loss) for the period9904 | -€103,877 | -€27,821 | €2,099 | €126,462 | -€38,223 | ▼ 130% |
| Transfer from tax-exempt reserves789 | - | €159,556 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€103,877 | €131,735 | €2,099 | €126,462 | -€38,223 | ▼ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.8m | €2.5m | €1.4m | €1.1m | ▼ 25.5% |
| Fixed assets21/28 | €1.1m | €1.0m | €982,760 | €940,652 | €900,576 | ▼ 4.3% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €982,760 | €940,652 | €900,576 | ▼ 4.3% |
| Land and buildings22 | - | €1.0m | €982,760 | €940,652 | €899,178 | ▼ 4.4% |
| Furniture and vehicles24 | - | - | - | - | €1,398 | - |
| Current assets29/58 | €1.9m | €1.7m | €1.5m | €474,291 | €154,033 | ▼ 67.5% |
| Amounts receivable within one year40/41 | €330,000 | €230,000 | €230,000 | €126,800 | €512 | ▼ 99.6% |
| Trade receivables40 | - | - | - | - | €512 | - |
| Other amounts receivable41 | - | €230,000 | €230,000 | €126,800 | - | - |
| Current investments50/53 | €898,501 | €898,501 | €898,501 | - | - | - |
| Cash at bank and in hand54/58 | €708,192 | €598,674 | €414,178 | €341,956 | €152,411 | ▼ 55.4% |
| Deferred charges and accrued income490/1 | - | €907 | €1,017 | €5,536 | €1,110 | ▼ 80.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.8m | €2.5m | €1.4m | €1.1m | ▼ 25.5% |
| Equity10/15 | €407,025 | €379,204 | €381,303 | €507,765 | €469,543 | ▼ 7.5% |
| Contributions10/11 | €102,750 | €102,750 | €102,750 | €102,750 | €102,750 | = |
| Capital10 | - | €102,750 | €102,750 | €102,750 | €102,750 | = |
| Issued capital100 | - | €102,750 | €102,750 | €102,750 | €102,750 | = |
| Reserves13 | €1.1m | €929,041 | €929,041 | €929,041 | €929,041 | = |
| Non-distributable reserves130/1 | - | €929,041 | €929,041 | €30,540 | €30,540 | = |
| Legal reserve130 | - | €30,540 | €30,540 | €30,540 | €30,540 | = |
| Own shares acquired1312 | - | €898,501 | €898,501 | - | - | - |
| Distributable reserves133 | - | - | - | €898,501 | €898,501 | = |
| Profit (loss) carried forward14 | -€784,323 | -€652,587 | -€650,488 | -€524,026 | -€562,249 | ▼ 7.3% |
| Provisions and deferred taxes16 | €1.3m | €1.0m | €827,063 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €1.0m | €827,063 | - | - | - |
| Environmental obligations163 | - | - | €827,063 | - | - | - |
| Other liabilities and charges164/5 | - | €1.0m | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.4m | €1.3m | €907,178 | €585,066 | ▼ 35.5% |
| Amounts payable after more than one year17 | €186,452 | €134,502 | €81,505 | €27,440 | - | - |
| Financial debts170/4 | - | €134,502 | €81,505 | €27,440 | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.2m | €1.2m | €877,726 | €582,907 | ▼ 33.6% |
| Current portion of amounts payable after more than one year42 | - | €51,950 | €52,997 | €54,065 | - | - |
| Trade debts44 | - | €1,377 | €125 | €2,814 | €2,370 | ▼ 15.8% |
| Suppliers440/4 | - | €1,377 | €125 | €2,814 | €2,370 | ▼ 15.8% |
| Taxes, remuneration and social security45 | - | €18,424 | €378 | €45,597 | - | - |
| Taxes450/3 | - | €18,424 | €378 | €45,597 | - | - |
| Other amounts payable47/48 | - | €1.2m | €1.2m | €775,249 | €580,537 | ▼ 25.1% |
| Accrued charges and deferred income492/3 | - | €1,821 | €1,836 | €2,012 | €2,159 | ▲ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€103,877 | -€27,821 | €2,099 | €126,462 | -€38,223 | ▼ 130% |
| + Depreciation and write-downs630 | €40,729 | €41,850 | €42,096 | €42,108 | €41,610 | ▼ 1.2% |
| Operating cash flow (approximation) | -€63,148 | €14,030 | €44,195 | €168,570 | €3,387 | ▼ 98.0% |
| Investment in fixed assets (approximation) | - | -€10,792 | -€681 | €0 | -€1,534 | - |
| Change in cash | - | -€109,518 | -€184,497 | -€72,222 | -€189,545 | ▼ 162% |
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
Next filing, fiscal year 2026, expected by
2026
15-07
State Gazette act
RestructuringPermanent representative: Marie DEVO · Capital · Accounting effect16 facts ▸
State Gazette act
Restructuring
Permanent representative: Marie DEVO · Capital · Accounting effect16 facts ▸
- Board composition, HERSTORY (sole director)
- Permanent representative, Marie DEVO (representative)
- Capital, €102.750
- Board composition, HERSTORY (sole director)
- Permanent representative, Marie DEVO (representative)
- Other statement, justification juridique et économique de l'opération assimilée à fusion, existence distincte n'est plus appropriée
- Accounting effect, 01-07-2026
- Other statement, date de prise d'effet de la fusion, 01-07-2026
- Other statement, garanties aux actionnaires de la société absorbée
- Shareholding, HERSTORY
- Shareholding, HERSTORY
- Other statement, absence d'émission d'actions nouvelles, article 12:7, 2° CSA
- +4 further facts in this act
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2020net €126,462 ▲5,925%
Net result €126,462, the highest in the series.
30-06
Financial
Equity above €500,000Eq €507,765 ▲33.2%
2 profitable years in a row build equity to €507,765.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €2,099
Net result €2,099 after 3 loss-making years.
10-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
2016
24-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 17 acts read
About the unread acts
Of the 17 Belgian State Gazette acts we know for this company, 1 has been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
17 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe
Ground area
4,483 m²
Building footprint
617 m²
Volume, LiDAR
5,970 m³
Parcel 21682C0142/00A004, Brussels · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0142/00A004 | Brussels | 4,483 m² | 1 · 617 m² | 18.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Toutes les activités de conseils en gestion d'entreprises incluant, sans que cette liste ne soit limitative, l'optimalisation des sources d'approvisionnement en matières premières…
Full purpose (14 activities)
- Toutes les activités de conseils en gestion d'entreprises incluant, sans que cette liste ne soit limitative, l'optimalisation des sources d'approvisionnement en matières premières et marchandises, des moyens de production, des stratégies commerciales, du recrutement de personnel, de la gestion des stocks en produits finis et marchandises, des sources et moyens de financement, de la gestion de la trésorerie, de la formation et de la motivation du personnel, des systèmes et méthodes informatiques, des méthodes et procédures de travail;
- L'exploitation d'un atelier graphique dans le domaine publicitaire ainsi que la conception et la réalisation de produits publicitaires
- Les relations publiques pour les tiers;
- Les relations extérieures:
- La consultance en matière de communication et de marketing, la consultance en matière de nouvelles technologies dans la communication graphique;
- La réalisation d'études de marché la conception de publicités pour les médias
- La création, l'acquisition, la location, la prise à bail, l'exploitation de tous établissements, usines, ateliers se rapportant à l'une ou l'autre des activités spécifiées;
- La prise, l'exploitation, l'acquisition ou la cession de tous procédés, brevets, concernant ces activités;
- Toutes opérations de gestion de patrimoine immobilier pour son propre compte ou pour le compte de tiers, ainsi que toute gestion de patrimoine mobilier pour son propre compte exclusivement. Elle peut notamment acheter, échanger et vendre tous biens ou droits mobiliers ou immobiliers, en ce compris tous types d'œuvres d'art, investir à court, moyen et long terme, faire des spéculations de bourse, des investissements dans des matières premières, achats et ventes sur le marché des options, ériger et faire ériger des immeubles, les aménager ou faire aménager, prendre ou donner des immeubles en location, faire des travaux en vue de les rendre rentables, lotir des terrains, créer la voirie nécessaire, contracter tous contrat de location-financement, prendre ou concéder des droits d'emphytéose ou de superficie.
- L'exploitation d'un terrain de camping caravaning, incluant la location d'emplacement de camping, la vente la location de matériel de camping caravaning, la vente au détail d'articles de consommation courante dans un complexe touristique, l'exploitation d'un magasin d'alimentation générale, d'un café, d'un restaurant.
- Elle peut accepter tout mandat de gestion et d'administration dans toute société et association quelconque et se porter caution pour autrui.
- D'une façon générale, la société pourra faire tous actes, transactions, ou opérations commerciales, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seront de nature à en faciliter ou développer la réalisation.
- La société peut accepter et exercer un mandat d'administrateur ou de liquidateur dans toutes sociétés, quel que soit son objet social.
- La société peut constituer hypothèque ou toute autre sûreté réelle sur les biens sociaux ou se porter caution.
Other statement
2 provisions in the deed
Structure & network
Part of the group
HERSTORY
10 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- HERSTORY
- Immobilière de Sart-Messire-Guillaume
- OPHELIMA
- Société Financière de Tervueren
- IMMOBILIÈRE DE MEISE
- TARGET PLUS
Highest known parent: HERSTORY. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:IMMOBILIÈRE DE SART-MESSIRE-GUILLAUME
Capital and shareholders
Capital over the years
- 15-07-2026 Capital stated in the act · 102,750 EUR · 1,724 shares