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The Cloud9

Active
Private limited companyfounded 2024active for 2 yearsMeidoornlaan 9, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 1007.437.545
Summary

The Cloud9 has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,642 and a net result of €9,535. Its solvency ranks better than 44% of 8,543 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Activity
Advertising agencies
NACE 73110
1 site
Size
€31,871total assets 2025
Equity
€14,642
Profit
€9,535
Turnover not published (micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Accounts 37 days early
Why 84raises riskFounded in 2024Size: total assets €31,871lowers riskSector: Advertising, market research and public relations activities (NACE 73)Liquidity: current ratio 1.55, cash €4,585Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 73, micro)
Financial strength · tick = 2024
Strong
Solvency 71+22
equity 45.9% of total assets
Liquidity 41+18
short-term debt 53.1% · cash 14.4%
Profitability 100+8
return on assets 29.9%
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,206 companies, NACE 73, micro)
Last 24 months 04-2025: 0.9% 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▼ -0.3 percentage points vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.9%▲ +0.1 percentage points vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.2 percentage points vs 07-2026 09-2026: 1.3%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.5%▼ -0.8 percentage points vs 09-2026lowest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.55, compared with 1.05 in 2024, above the usual 1.5; short-term debt: 53.1% and cash: 14.4% of total assets), but 54.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro): better than 46% on solvency, 24% on liquidity, 88% on profitability and 95% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · Size: total assets €31,871
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.55, cash €4,585
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
37 days early
2024
29 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 33 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. IncorporationFounder · Founding capital

Financials · financial year 2025, micro format

Equity
€14,642▲ 187%
2024 · €5,107
Total assets
€31,871▲ 47.4%
2024 · €21,625
Net result
€9,535▲ 132%
2024 · €4,107
Working capital
€9,286▲ 946%
2024 · €888
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 80% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€16,712 2025 Net result€9,535 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€9,270-€16,712▲ 80.3%
Net result€4,107within the sector's middle half-€9,535within the sector's middle half▲ 132%
Equity€5,107below the sector's middle half-€14,642below the sector's middle half▲ 187%
Total assets€21,625below the sector's middle half-€31,871below the sector's middle half▲ 47.4%
Debt€16,519-€17,229▲ 4.3%
Working capital€888below the sector's middle half-€9,286within the sector's middle half▲ 946%
Solvency23.6%within the sector's middle half-45.9%within the sector's middle half▲ 22.3pp
Current ratio1.05below the sector's middle half-1.55within the sector's middle half▲ 0.49
Return on assets (ROA)19.0%within the sector's middle half-29.9%above the sector's middle half▲ 10.9pp
above within below the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,871
Fixed assets €5,652 ▲ 34.0%
Current assets €26,218 ▲ 50.6%
Equity and liabilities €31,871
Equity €14,642 ▲ 187%
Debt €17,229 ▲ 4.3%
Debt's share of the balance-sheet total falls from 76.4% to 54.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€18,655▲
2024 · €12,573
Cash flow
€11,478▲
2024 · €7,409
Debt to equity
1.18▼
2024 · 3.23
ROE
65.1%▼
2024 · 80.4%
Interest coverage
23.92▼
2024 · 47.39
Debt ≤ 1 year
€16,933▲
2024 · €16,519
Income taxes
€6,396▲
2024 · €4,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€21,625€31,871▲
Fixed assets21/28€4,218€5,652▲
Intangible fixed assets21€1,802€1,122▼
Tangible fixed assets22/27€2,417€4,530▲
Furniture and vehicles24€2,417€4,530▲
Current assets29/58€17,407€26,218▲
Amounts receivable within one year40/41€14,806€20,914▲
Trade receivables40€10,709€18,212▲
Other amounts receivable41€4,098€2,701▼
Cash at bank and in hand54/58€2,541€4,585▲
Deferred charges and accrued income490/1€60€720▲
Equity and liabilities
Total equity and liabilities10/49€21,625€31,871▲
Equity10/15€5,107€14,642▲
Contributions10/11€1,000€1,000=
Reserves13€4,107€13,642▲
Distributable reserves133€4,107€13,642▲
Amounts payable17/49€16,519€17,229▲
Amounts payable within one year42/48€16,519€16,933▲
Current portion of amounts payable after more than one year42-€2,280
Trade debts44€5,373€6,386▲
Suppliers440/4€5,373€6,386▲
Taxes, remuneration and social security45€5,858€3,102▼
Taxes450/3€5,858€3,102▼
Other amounts payable47/48€5,288€5,165▼
Accrued charges and deferred income492/3-€296
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,303€1,943▼
Other operating charges640/8€1,075€1,130▲
Gross operating margin9900€13,648€19,785▲
Operating profit (loss)9901€9,270€16,712▲
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Financial charges65/66B€265€780▲
Recurring financial charges65€265€780▲
Profit (loss) for the period before taxes9903€9,010€15,932▲
Income taxes67/77€4,904€6,396▲
Profit (loss) for the period9904€4,107€9,535▲
Profit (loss) for the period to be appropriated9905€4,107€9,535▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,107€9,535▲
Transfer to equity691/2€4,107€9,535▲
To other reserves6921€4,107€9,535▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,303€1,943▼ 41.2%
Other operating charges640/8€1,075€1,130▲ 5.1%
Gross operating margin9900€13,648€19,785▲ 45.0%
Operating profit (loss)9901€9,270€16,712▲ 80.3%
Financial income75/76B€6€0▼ 100%
Recurring financial income75€6€0▼ 100%
Financial charges65/66B€265€780▲ 194%
Recurring financial charges65€265€780▲ 194%
Profit (loss) for the period before taxes9903€9,010€15,932▲ 76.8%
Income taxes67/77€4,904€6,396▲ 30.4%
Profit (loss) for the period9904€4,107€9,535▲ 132%
Profit (loss) for the period to be appropriated9905€4,107€9,535▲ 132%
Line20242025Change
Assets
Total assets20/58€21,625€31,871▲ 47.4%
Fixed assets21/28€4,218€5,652▲ 34.0%
Intangible fixed assets21€1,802€1,122▼ 37.7%
Tangible fixed assets22/27€2,417€4,530▲ 87.4%
Furniture and vehicles24€2,417€4,530▲ 87.4%
Current assets29/58€17,407€26,218▲ 50.6%
Amounts receivable within one year40/41€14,806€20,914▲ 41.2%
Trade receivables40€10,709€18,212▲ 70.1%
Other amounts receivable41€4,098€2,701▼ 34.1%
Cash at bank and in hand54/58€2,541€4,585▲ 80.5%
Deferred charges and accrued income490/1€60€720▲ 1,101%
Equity and liabilities
Total equity and liabilities10/49€21,625€31,871▲ 47.4%
Equity10/15€5,107€14,642▲ 187%
Contributions10/11€1,000€1,000=
Reserves13€4,107€13,642▲ 232%
Distributable reserves133€4,107€13,642▲ 232%
Amounts payable17/49€16,519€17,229▲ 4.3%
Amounts payable within one year42/48€16,519€16,933▲ 2.5%
Current portion of amounts payable after more than one year42-€2,280-
Trade debts44€5,373€6,386▲ 18.8%
Suppliers440/4€5,373€6,386▲ 18.8%
Taxes, remuneration and social security45€5,858€3,102▼ 47.0%
Taxes450/3€5,858€3,102▼ 47.0%
Other amounts payable47/48€5,288€5,165▼ 2.3%
Accrued charges and deferred income492/3-€296-
Line20242025Change
Profit (loss) for the period9904€4,107€9,535▲ 132%
+ Depreciation and write-downs630€3,303€1,943▼ 41.2%
Operating cash flow (approximation)€7,409€11,478▲ 54.9%
Investment in fixed assets (approximation)--€3,377-
Change in cash-€2,044-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 24-06-2026 2026-00217414
31-12-2024 micro format 02-07-2025 2025-00217623

Similar companies · same sector, comparable size

Of the 9,793 active companies whose main activity is advertising agencies (NACE 73110), figures are known for 3,775. 2,393 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No sitting directors in the Gazette act read. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 22 March 2024, The Cloud9 was incorporated as a private limited company.1 The company has filed 2 sets of annual accounts, the latest for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
24-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
02-07
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
26-03
Gazette deed Incorporation
Founder · Founding capital3 facts ▸
  • Incorporation, 15-03-2024
  • Founder, PACKO Delphine
  • Founding capital, €1,000
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded22-03-2024
Financial year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73200Market research and public opinion polling
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1007437545
Also 9925:BE1007437545
Registered 26-03-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 23 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
807 m²
Building footprint
169 m²
Building volume
782 m³
Parcel 31333I0769/00F000, Flanders · tallest building 7.9 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
The Cloud9
Meidoornlaan 9, 8300 Knokke-HeistAdvertising agencies
since 2024unit no. 2.357.850.363
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31333I0769/00F000 Flanders 807 m² 1 · 169 m² 7.9 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Reclameadviesbureau; Het leveren en ontwerpen van alle grafische visuele projecten en producties.Hieronder wordt onder meer verstaan de…” (deed in Dutch)
35 activities (deed in Dutch)
  1. Reclameadviesbureau
  2. Het leveren en ontwerpen van alle grafische visuele projecten en producties.Hieronder wordt onder meer verstaan de grafische vormgeving,technisch en grafisch teken- en ontwerpwerk onder al zijn vormen en de studio- en reportagefotografie - en videoproducties
  3. Het ontwerpen,ontwikkelen,het vervaardigen en commercialiseren van grafische communicatie in de meest brede zin van het woord voor particulieren,bedrijven of overheid
  4. Het leveren en ontwerpen van allerhande drukwerk,toegepaste design en copywriting
  5. Aan –en verkoop van allerhande drukwerk
  6. Het ontwerpen en onderhouden van software,websites en web toepassingen in ruime zin
  7. Het ontwikkelen van allerhande mediaconcepten en formatontwikkelingen en de Publiciteitsonderneming voor het ontwerpen en plaatsen van uitstalramen en decors,van buitenreclame,reclameborden en paneelreclame,lichtkranten en neonreclame,het aanbrengen van reclame op bussen,auto’s en andere voertuigen,enzovoort
  8. Het ontwikkelen van geïntegreerde marketingconcepten en de toepassing ervan
  9. Het ontwikkelen van nieuwe mediaconcepten en formatontwikkelingen en de toepassing ervan,onder meer op het vlak van internet,digitale creaties
  10. Het ontwikkelen en leveren van promotionele en B2B evenementen,inbegrepen de decoratie,standenbouw en techniek,catering,alsook de aankleding van hosts en hostessen
  11. Het verlenen van uiteenlopende diensten en het geven van advies,informatie,bijstand en ondersteuning voor zelfstandigen,vennootschappen,bestuurders,verenigingen,openbare bestuursorganen en dergelijke meer en dit ondermeer op het domein van marketing,informatica,administratie,organisatie,verkoop,financiën,strategie,personeel,enzovoort
  12. Het uitvoeren van studies en onderzoek zoals marktonderzoek,promotie,raadgeving,prospectie en marketing
  13. Het organiseren van opleidingen en seminaries van uiteenlopende aard
  14. Etalerswerkzaamheden
  15. Het vervullen van interim-management opdrachten
  16. Het uitoefenen van een bestuursmandaat in een andere onderneming
  17. Het ontwerpen van publicitaire teksten en slogans,films,artikelen,enzoverder
  18. Contentbureau voor storytelling omvattende:het ontwerpen,ontwikkelen en realiseren van concepten,het interviewen en het schrijven van artikels en reportages,(foto)redactie en het maken van (foto)reportages,het maken van promotie en het lanceren van reclamecampagnes,het werven van adverteerders,het werven en het beheren van abonnees
  19. Influencen
  20. Activiteiten met betrekking tot sociale mediabeheer:webportalen
  21. Adviesverlening inzake sociale media
  22. Vloggen,in de meest ruime betekenis
  23. Het ontwikkelen en ontplooien van producten en diensten op het gebied van media,multimedia,mobile media,internet en alle toebehorende producten en diensten
  24. Mediarepresentatie
  25. De uitoefening van activiteiten van reclamebureaus
  26. Het organiseren,adviseren en produceren van reclamecampagnes
  27. De activiteiten van grafisch designer
  28. Het inrichten,oprichten,bijhouden,leiden,nazien,controleren en verbeteren van de reclame,advertenties,marketing,promotie,publiciteit,decoratiewerken,reclameschilderwerken en drukwerken
  29. Het verlenen van advies als het tussenkomen bij het uitvoeren van de publiciteit
  30. Het aankopen en verkopen van tijd en ruimte voor publiciteit in de diverse media(advertentieacquisitie)en het verhuren van reclameruimte
  31. Merchandising
  32. Alle opdrachten in verband met publiciteit in de meest brede zin van het woord
  33. Het verlenen van advies,consultancy activiteiten en praktische hulp aan ondernemingen en instellingen onder andere op het vlak van marketing,public relations,communicatie,bedrijfsbeheer,bedrijfsorganisatie,bedrijfsadministratie,advies en informatica
  34. Het verrichten van diensten in de mediasector alsook alle consultancy en adviesopdrachten in verband met de media en dit in de meest brede zin van het woord
  35. Het leveren van acteer en presentatiewerk evenals audiovisuele content en de bewerking hiervan,van welke aard dan ook en in de meest ruime betekenis,voor televisie,film,bioscoop,theater,radio,bedrijven,video,dvd,cd,cd-rom en alle andere gekende en ongekende beeld- en geluidsdragers

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
The Cloud9
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 26-03-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Saturday of June at 09:00

deed of 26-03-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 26-03-2024

deed of 26-03-2024