Visible
ActiveVisible has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €531k and a net result of €22k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 67% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▼-80
Solvency100▲+16
Growth30▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 1.77 in 2024), and 34.4% of the assets are financed with debt.
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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
65.6%
Return on assets
2.7%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
18 d late
2023
30 d late
2022
18 d late
2021
30 d late
2020
23 d late
2019
76 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, abbreviated schema
Turnover
€1.71M▼ 2.6%
2018 · €1.76M
2018: €1.76M
2018 → 2019
EBIT margin
13.3%=
2018 · 13.3%
2018: 13.3%
2018 → 2019
Net result
€22k▼ 86.9%
2024 · €166k
2018: €158k
2019: €177k
2021: €80k
2022: €142k
2023: €133k
2024: €166k
2018 → 2025
Working capital
€418k▼ 1.9%
2024 · €426k
2018: €351k
2019: €407k
2021: €450k
2022: €276k
2023: €294k
2024: €426k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€470k-€487k▲ 3.7%€498k▲ 2.2%€512k▲ 2.8%€531k▲ 3.8%
Operating result€130k-€181k▲ 39.5%€189k▲ 4.4%€234k▲ 24.1%€40k▼ 82.9%
Net result€80k-€142k▲ 77.5%€133k▼ 6.5%€166k▲ 25.1%€22k▼ 86.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €810k
Fixed assets
€122k▼ 27.9%
Current assets
€688k▼ 29.6%
Equity and liabilities €810k
Equity
€531k▲ 3.8%
Debt
€279k▼ 56.1%
The debt ratio falls from 55.4% to 34.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€86k▼
2024 · €291k
Cash flow
€67k▼
2024 · €223k
Solvency
65.6%▲
2024 · 44.6%
Current ratio
2.54▲
2024 · 1.77
Quick ratio
2.54▲
2024 · 1.77
Debt / equity
0.52▼
2024 · 1.24
ROE
4.1%▼
2024 · 32.5%
ROA
2.7%▼
2024 · 14.5%
Interest coverage
8.01▼
2024 · 32.96
Debt
€279k▼
2024 · €634k
Debt ≤ 1 year
€271k▼
2024 · €552k
Debt > 1 year
€8k▼
2024 · €13k
Income taxes
€11k▼
2024 · €63k
Staff costs
€464k▼
2024 · €491k
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€1.15M€810k▼
Fixed assets21/28€169k€122k▼
Tangible fixed assets22/27€166k€118k▼
Land and buildings22€19k€16k▼
Plant, machinery and equipment23€113k€85k▼
Furniture and vehicles24€34k€17k▼
Financial fixed assets28€3k€3k=
Current assets29/58€977k€688k▼
Amounts receivable within one year40/41€544k€306k▼
Trade receivables40€513k€303k▼
Other amounts receivable41€30k€3k▼
Cash at bank and in hand54/58€433k€381k▼
Deferred charges and accrued income490/1€714€542▼
Equity and liabilities
Total equity and liabilities10/49€1.15M€810k▼
Equity10/15€512k€531k▲
Contributions10/11€13k€13k=
Reserves13€431k€431k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€430k€430k=
Profit (loss) carried forward14€29k€51k▲
Investment grants15€38k€36k▼
Amounts payable17/49€634k€279k▼
Amounts payable after more than one year17€13k€8k▼
Financial debts170/4€13k€8k▼
Amounts payable within one year42/48€552k€271k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€254k€172k▼
Suppliers440/4€249k€167k▼
Bills of exchange payable441€5k€5k=
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€188k€94k▼
Taxes450/3€132k€43k▼
Remuneration and social security454/9€57k€51k▼
Other amounts payable47/48€105k€263▼
Accrued charges and deferred income492/3€70k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€491k€464k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€45k▼
Other operating charges640/8€24k€8k▼
Gross operating margin9900€806k€558k▼
Operating profit (loss)9901€234k€40k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€230k€32k▼
Income taxes67/77€63k€11k▼
Profit (loss) for the period9904€166k€22k▼
Profit (loss) for the period to be appropriated9905€166k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179k€51k▼
Profit (loss) brought forward from the previous period14P€13k€29k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€150k€0▼
Return on contributions (dividend)694€150k€0▼
Social balance
Average headcount (FTE)90879.18.1▼
The notes to these accounts (17 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €22k ▼86.9%
Net result drops to €22k, the lowest in the series.
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Equity above €500kEq €512k ▲2.8%
6 profitable years in a row build equity to €512k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
31-12
Financial
Highest result since 2018net €177k ▲11.6%
Net result €177k, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Herstal · 1 establishment unit since 1999
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.
Parc Ind. des Hauts Sarts, 3e av 244040 Herstal1 establishment unit
Parc Ind. des Hauts Sarts, 3e av 24, 4040 Herstal
since 19992.090.394.837
Public money · subsidies and aid
Federal government
2024 to 2025 · 2 entries · 174,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Mobiliteit | 1 | 34,800 EUR |
| 2024 | FOD Mobiliteit | 1 | 139,200 EUR |
Budget allocations
Toelagen inzake mobiliteit en vervoer aan de privésector (cf. art. 2.33.2 van de algemene uitgavenbegroting)
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 11,675 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-1999
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
73110Advertising agencies
74401
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
61100Wired, wireless and satellite telecommunications
61200Telecommunications
62010Computer programming, consultancy and related activities
62100Computer programming
64200Holdings
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.