Think BVA
ActiveSummary
Think BVA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,147 and a net result of €23,676. Equity is growing by ~38.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+2
Solvency75▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 2.04 in 2024; short-term debt: 42.9% and cash: 59% of total assets), and 49.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
50.2%
Return on assets
16.5%
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 25-08-2026, 25 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
25 d late
2024
19 d late
2023
61 d late
2022
24 d late
2021
38 d early
2020
61 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 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 (2)
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. Usually files around 24 August (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€72,147▲ 0.9%
2024 · €71,483
Total assets
€143,672▲ 4.1%
2024 · €138,061
Net result
€23,676▲ 20.3%
2024 · €19,676
Working capital
€43,077▲ 7.2%
2024 · €40,186
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,663€34,511€30,220▼ 12.4%€28,593▼ 5.4%€33,744▲ 18.0%
Net result-€17,931below the sector's middle half€26,911within the sector's middle half€20,794within the sector's middle half▼ 22.7%€19,676within the sector's middle half▼ 5.4%€23,676within the sector's middle half▲ 20.3%
Equity€4,102below the sector's middle half▼ 81.4%€31,013within the sector's middle half▲ 656%€51,807within the sector's middle half▲ 67.1%€71,483within the sector's middle half▲ 38.0%€72,147within the sector's middle half▲ 0.9%
Total assets€24,170below the sector's middle half▼ 41.7%€142,312within the sector's middle half▲ 489%€141,178within the sector's middle half▼ 0.8%€138,061within the sector's middle half▼ 2.2%€143,672within the sector's middle half▲ 4.1%
Debt€20,068▲ 3.2%€111,299▲ 455%€89,370▼ 19.7%€66,578▼ 25.5%€71,525▲ 7.4%
Working capital€4,702within the sector's middle half▼ 78.7%€12,276within the sector's middle half▲ 161%€20,531within the sector's middle half▲ 67.2%€40,186within the sector's middle half▲ 95.7%€43,077within the sector's middle half▲ 7.2%
Solvency17.0%below the sector's middle half▼ 36.2pp21.8%within the sector's middle half▲ 4.8pp36.7%within the sector's middle half▲ 14.9pp51.8%within the sector's middle half▲ 15.1pp50.2%within the sector's middle half▼ 1.6pp
Current ratio1.24within the sector's middle half▼ 0.891.26within the sector's middle half▲ 0.011.47within the sector's middle half▲ 0.222.04within the sector's middle half▲ 0.571.70within the sector's middle half▼ 0.34
Return on assets (ROA)-74.2%below the sector's middle half▼ 102.4pp18.9%within the sector's middle half▲ 93.1pp14.7%within the sector's middle half▼ 4.2pp14.3%within the sector's middle half▼ 0.5pp16.5%within the sector's middle half▲ 2.2pp
Staff (FTE)0.4
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €143,672
Fixed assets
€38,890 ▼ 34.4%
Current assets
€104,782 ▲ 33.0%
Equity and liabilities €143,672
Equity
€72,147 ▲ 0.9%
Debt
€71,525 ▲ 7.4%
Debt's share of the balance-sheet total rises from 48.2% to 49.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54,148▲
2024 · €48,997
Cash flow
€44,080▲
2024 · €40,080
Debt to equity
0.99▲
2024 · 0.93
ROE
32.8%▲
2024 · 27.5%
Interest coverage
68.35▲
2024 · 39.56
Debt ≤ 1 year
€61,705▲
2024 · €38,581
Debt > 1 year
€9,220▼
2024 · €27,397
Income taxes
€9,276▲
2024 · €7,679
Staff costs
€2,972
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 34,696 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €2,972 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €10,310 | €19,230 | €20,404 | €20,404 | = |
| Other operating charges640/8 | €348 | €640 | €828 | €861 | €653 | ▼ 24.2% |
| Gross operating margin9900 | -€17,316 | €45,460 | €50,278 | €49,858 | €57,773 | ▲ 15.9% |
| Operating profit (loss)9901 | -€17,663 | €34,511 | €30,220 | €28,593 | €33,744 | ▲ 18.0% |
| Financial income75/76B | - | €24 | €21 | - | €0 | - |
| Recurring financial income75 | - | €24 | €21 | - | €0 | - |
| Financial charges65/66B | €156 | €1,031 | €1,408 | €1,239 | €792 | ▼ 36.0% |
| Recurring financial charges65 | €156 | €1,031 | €1,408 | €1,239 | €792 | ▼ 36.0% |
| Profit (loss) for the period before taxes9903 | -€17,819 | €33,504 | €28,833 | €27,355 | €32,952 | ▲ 20.5% |
| Income taxes67/77 | €112 | €6,593 | €8,038 | €7,679 | €9,276 | ▲ 20.8% |
| Profit (loss) for the period9904 | -€17,931 | €26,911 | €20,794 | €19,676 | €23,676 | ▲ 20.3% |
| Profit (loss) for the period to be appropriated9905 | -€17,931 | €26,911 | €20,794 | €19,676 | €23,676 | ▲ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,170 | €142,312 | €141,178 | €138,061 | €143,672 | ▲ 4.1% |
| Fixed assets21/28 | - | €82,055 | €77,104 | €59,294 | €38,890 | ▼ 34.4% |
| Tangible fixed assets22/27 | - | €82,055 | €77,104 | €59,294 | €38,890 | ▼ 34.4% |
| Furniture and vehicles24 | - | €80,648 | €66,230 | €49,594 | €30,365 | ▼ 38.8% |
| Other tangible fixed assets26 | - | €1,407 | €10,874 | €9,700 | €8,525 | ▼ 12.1% |
| Current assets29/58 | €24,170 | €60,257 | €64,074 | €78,767 | €104,782 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €401 | €26,000 | €12,493 | €17,234 | €12,063 | ▼ 30.0% |
| Trade receivables40 | €401 | €14,519 | €1,331 | €3,751 | €1,339 | ▼ 64.3% |
| Other amounts receivable41 | - | €11,480 | €11,162 | €13,483 | €10,724 | ▼ 20.5% |
| Current investments50/53 | - | - | - | - | €6,000 | - |
| Cash at bank and in hand54/58 | €23,157 | €32,261 | €50,065 | €61,533 | €84,762 | ▲ 37.8% |
| Deferred charges and accrued income490/1 | €612 | €1,997 | €1,515 | - | €1,956 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,170 | €142,312 | €141,178 | €138,061 | €143,672 | ▲ 4.1% |
| Equity10/15 | €4,102 | €31,013 | €51,807 | €71,483 | €72,147 | ▲ 0.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,800 | €24,813 | €45,607 | €65,283 | €65,947 | ▲ 1.0% |
| Non-distributable reserves130/1 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Reserves not available under the articles1311 | €1,800 | €1,800 | €1,800 | €1,800 | €1,800 | = |
| Distributable reserves133 | - | €23,013 | €43,807 | €63,483 | €64,147 | ▲ 1.0% |
| Profit (loss) carried forward14 | -€3,898 | - | - | - | - | - |
| Amounts payable17/49 | €20,068 | €111,299 | €89,370 | €66,578 | €71,525 | ▲ 7.4% |
| Amounts payable after more than one year17 | - | €62,718 | €45,228 | €27,397 | €9,220 | ▼ 66.3% |
| Financial debts170/4 | - | €62,718 | €45,228 | €27,397 | €9,220 | ▼ 66.3% |
| Amounts payable within one year42/48 | €19,468 | €47,982 | €43,543 | €38,581 | €61,705 | ▲ 59.9% |
| Current portion of amounts payable after more than one year42 | - | €17,157 | €17,490 | €17,831 | €18,177 | ▲ 1.9% |
| Trade debts44 | €9,852 | €15,932 | €7,193 | €4,046 | €8,170 | ▲ 102% |
| Suppliers440/4 | €9,852 | €15,932 | €7,193 | €4,046 | €8,170 | ▲ 102% |
| Taxes, remuneration and social security45 | €7,289 | €14,132 | €16,402 | €8,169 | €9,783 | ▲ 19.8% |
| Taxes450/3 | €7,289 | €14,132 | €13,402 | €8,169 | €9,783 | ▲ 19.8% |
| Remuneration and social security454/9 | - | - | €3,000 | - | - | - |
| Other amounts payable47/48 | €2,327 | €761 | €2,458 | €8,536 | €25,575 | ▲ 200% |
| Accrued charges and deferred income492/3 | €600 | €600 | €600 | €600 | €600 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,931 | €26,911 | €20,794 | €19,676 | €23,676 | ▲ 20.3% |
| + Depreciation and write-downs630 | - | €10,310 | €19,230 | €20,404 | €20,404 | = |
| Operating cash flow (approximation) | -€17,931 | €37,221 | €40,025 | €40,080 | €44,080 | ▲ 10.0% |
| Investment in fixed assets (approximation) | - | - | -€14,280 | -€2,594 | €0 | ▲ 100% |
| Change in cash | - | €9,104 | €17,805 | €11,467 | €23,229 | ▲ 103% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
06-05
State Gazette act
Power of attorney · Incorporation
Founder · Other statement
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €26,911
Net result €26,911 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€17,931
Net result drops to -€17,931, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Tervuren · 1 establishment unit since 2011
Ground area
9.8 ha
Building footprint
454 m²
Volume, LiDAR
6,339 m³
2 parcels, Brussels, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Henrottestraat 27, 1150 Sint-Pieters-Woluwe
since 20112.204.342.024
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0376/00F000 | Flanders | 9.8 ha | - | - |
| 21683D0229/00M000 | Brussels | 562 m² | 1 · 454 m² | 18.3 m · 5 fl. |
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 13,405 companies in sector 73300 we hold annual accounts for 6,904. 5,595 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
Founded28-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
73110Advertising agencies
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839631901
Also
9925:BE0839631901
Registered
26-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.