TIERGARTEN
ActiveTIERGARTEN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-8k) and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 3451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.23 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-39%
Return on assets
-7.9%
Age of the figures
8 mo
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
2 d late
2022
3 d early
2021
2 d early
2020
22 d early
2019
7 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-8k▼ 25.5%
2024 · €-6k
2018: €3k
2019: €-4k
2020: €-6k
2021: €-3k
2022: €2k
2023: €-2k
2024: €-6k
2018 → 2025
Total assets
€21k▲ 14.0%
2024 · €18k
2018: €12k
2019: €7k
2020: €7k
2021: €11k
2022: €13k
2023: €23k
2024: €18k
2018 → 2025
Net result
€-2k▲ 61.8%
2024 · €-4k
2018: €3k
2019: €-6k
2020: €-2k
2021: €3k
2022: €5k
2023: €-5k
2024: €-4k
2018 → 2025
Working capital
€-20k▼ 4.6%
2024 · €-19k
2018: €2k
2019: €-7k
2020: €-8k
2021: €-11k
2022: €-4k
2023: €-19k
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€2k€-2k€-6k▼ 199%€-8k▼ 25.5%
Operating result€6k-€10k▲ 67.4%€-6k€-4k▲ 31.2%€-2k▲ 53.0%
Net result€3k-€5k▲ 103%€-5k€-4k▲ 6.8%€-2k▲ 61.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €4k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€12k▼ 6.2%
Current assets
€9k▲ 58.6%
Key figures and ratios
EBITDA
€3k▲
2024 · €1k
Cash flow
€3k▲
2024 · €1k
Solvency
-39.0%▼
2024 · -35.4%
Current ratio
0.31▲
2024 · 0.23
Quick ratio
0.31▲
2024 · 0.23
Debt / equity
-3.57▲
2024 · -3.82
ROE
20.3%▼
2024 · 66.6%
ROA
-7.9%▲
2024 · -23.6%
Interest coverage
9.98▲
2024 · 6.45
Debt
€29k▲
2024 · €25k
Debt ≤ 1 year
€29k▲
2024 · €25k
Income taxes
€-663▼
2024 · €-203
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€18k€21k▲
Fixed assets21/28€13k€12k▼
Tangible fixed assets22/27€13k€12k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€10k€11k▲
Current assets29/58€6k€9k▲
Amounts receivable within one year40/41€5k€8k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€865€157▼
Deferred charges and accrued income490/1€112€818▲
Equity and liabilities
Total equity and liabilities10/49€18k€21k▲
Equity10/15€-6k€-8k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-14k€-16k▼
Amounts payable17/49€25k€29k▲
Amounts payable within one year42/48€25k€29k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Advances received on contracts in progress46€793-
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Other amounts payable47/48€17k€24k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€3k€5k▲
Operating profit (loss)9901€-4k€-2k▲
Financial income75/76B-€15
Recurring financial income75-€15
Financial charges65/66B€224€308▲
Recurring financial charges65€224€308▲
Profit (loss) for the period before taxes9903€-5k€-2k▲
Income taxes67/77€-203€-663▼
Profit (loss) for the period9904€-4k€-2k▲
Profit (loss) for the period to be appropriated9905€-4k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-16k▼
Profit (loss) brought forward from the previous period14P€-10k€-14k▼
The notes to these accounts (5 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €5k ▲103%
Operating result €10k, net result €5k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Weakest financial yearnet €-6k ▼287%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2006
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.
De Merodelei 42600 AntwerpenGround area
195 m²
Building footprint
190 m²
Volume, LiDAR
2,476 m³
Parcel 11303B0359/00H003, Flanders · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Tiergarten
since 20062.151.967.863
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0359/00H003 | Flanders | 195 m² | 1 · 190 m² | 20.4 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.
Similar companies · same sector, comparable size
PRODIGITAL
BE 1004.222.588
Vilvoorde · Eq €2k
GRAPHICSIGN
BE 0825.641.828
Sint-Pieters-Leeuw · Eq €2k
LA MANCHA
BE 0527.976.146
Mechelen · Eq €3k
POSITIV’PROD
BE 0680.914.264
Wavre · Eq €3k
SanITy
BE 0750.734.765
Merelbeke-Melle · Eq €3k
Of 983 companies in sector 74209 we hold annual accounts for 144. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-2006
Fiscal year end31-12
Activities, NACEBEL
74209Other photographic activities
74401
73110Advertising agencies
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.