Association for the Defence of Newsagents

Active

Non-profit associationfounded 20224 yrs activeLouizalaan 209A, 1050 Elsene, BelgiumKBO/BCE: BE 0784.822.347

Association for the Defence of Newsagents has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5k and a net result of €-480. The computed 12-month bankruptcy probability is 0.5% (very low).

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Checked score

Score 2024

62 / 100

Healthy

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency100=

Growth32

Stability94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 16.26), and 6.1% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

93.9%

Return on assets

-8.9%

Age of the figures

20 mo

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

22 d late

2023

9 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€5k▼ 8.7%

2023 · €6k

2023: €6k

2023 → 2024

Total assets

€5k▼ 2.7%

2023 · €6k

2023: €6k

2023 → 2024

Net result

€-480

2023 · €6k

2023: €6k

2023 → 2024

Working capital

€5k

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€6k-€5k▼ 8.7%

Operating result€6k-€-330

Net result€6k-€-480

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €330 after €6k in 2023.

Balance-sheet composition

Equity and liabilities €5k

93.9%

Equity €5k

Debt €330

Debt finances 6.1% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

Solvency

93.9%▼

2023 · 100.0%

Current ratio

16.26

Quick ratio

16.26

Debt / equity

0.07

ROE

-9.5%▼

2023 · 100.0%

ROA

-8.9%▼

2023 · 100.0%

Debt

€330

Debt ≤ 1 year

€330

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€6k€5k▼

Current assets29/58€6k€5k▼

Cash at bank and in hand54/58€6k€5k▼

Equity and liabilities

Total equity and liabilities10/49€6k€5k▼

Equity10/15€6k€5k▼

Profit (loss) carried forward14€6k€5k▼

Amounts payable17/49-€330

Amounts payable within one year42/48-€330

Income statement Code20232024

Goods, raw materials, services and sundry goods60/61€4k€330▼

Gross operating margin9900€6k€-330▼

Operating profit (loss)9901€6k€-330▼

Financial charges65/66B€309€150▼

Recurring financial charges65€309€150▼

Profit (loss) for the period before taxes9903€6k€-480▼

Profit (loss) for the period9904€6k€-480▼

Profit (loss) for the period to be appropriated9905€6k€-480▼

Appropriation of the result

Profit (loss) to be appropriated9906€6k€5k▼

Profit (loss) brought forward from the previous period14P-€6k

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 3Gazette 1Filings 2

2026

28-08

State Gazette act General meeting · Director reappointment

General meeting · Director reappointment · Board meeting10 facts ▸

General meeting, 2025-07-31
Director reappointment, Frederik Depauw (administrateur)
Director reappointment, Hakki Köroglu (administrateur)
Director reappointment, Alexis Murphy (administrateur)
Board meeting, 2026-01-22
Director resignation, Alexis Murphy (administrateur)
Director appointment, OPEN2MARKET SRL (administrateur)
Permanent representative, Timothy Mastelinck
Mandate compensation, OPEN2MARKET SRL
Power of attorney, Crowell & Moring LLP

2025

22-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 22 days late

2024

22-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

State Gazette actNBB filing

Directors · office · real estate

Directors

under verification, no change since 2025

This board is reconstructed from a single act (26109299). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

OPEN2MARKET

Director · since 31-12-2025 · Private limited company · perm. rep.: Timothy Mastelinck

Current

Frederik Depauw

Director · since 31-07-2025

Current

Hakki Köroglu

Director · since 31-07-2025

Current

31-12-2025 OPEN2MARKET: Appointed as Director

31-12-2025 Alexis Murphy: Resigned as Director

31-07-2025 Frederik Depauw: Mandate renewed as Director

31-07-2025 Hakki Köroglu: Mandate renewed as Director

31-07-2025 Alexis Murphy: Mandate renewed as Director

Location & real-estate footprint

Registered office, Elsene

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.

Louizalaan 209A1050 Elsene

Ground area

480 m²

Building footprint

417 m²

Volume, LiDAR

9,711 m³

Parcel 21807G0120/00H005, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0120/00H005	Brussels	480 m²	1 · 417 m²	29.8 m · 8 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.

Structure & network

Connections & network

2 connected companies

Network connections

B en M

Shared corporate director

→

SAGEVAS

Shared corporate director

→

Ownership & control

1 party

Control over this companysits on this company's board1

OPEN2MARKET

3 subsidiaries · 1 location

controls

Association for the Defence of NewsagentsBE 0784.822.347

Company data · Crossroads Bank

Identification

Legal formNon-profit association

Founded13-04-2022

Fiscal year end31-12

Abbreviation FR ADN

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.