FORM'AD
ActiveFORM'AD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €19k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 83% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 6.92 against 15.46 in 2024; short-term debt: 13.9% and cash: 21.8% of total assets), and 14.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
85.9%
Return on assets
8%
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 11-08-2026, 11 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
11 d late
2024
12 d late
2023
92 d late
2022
38 d early
2021
31 d early
2020
11 d early
2019
11 d early
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€202k▲ 2.0%
2024 · €198k
2018: €443k
2019: €426k
2020: €147k
2021: €157k
2022: €162k
2023: €182k
2024: €198k
2018 → 2025
Total assets
€234k▲ 11.4%
2024 · €211k
2018: €455k
2019: €440k
2020: €299k
2021: €230k
2022: €272k
2023: €212k
2024: €211k
2018 → 2025
Net result
€19k▲ 21.3%
2024 · €15k
2018: €-14k
2019: €-18k
2020: €-28k
2021: €10k
2022: €15k
2023: €20k
2024: €15k
2018 → 2025
Working capital
€193k▲ 3.4%
2024 · €187k
2018: €425k
2019: €401k
2020: €120k
2021: €133k
2022: €143k
2023: €170k
2024: €187k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€162k▲ 3.4%€182k▲ 12.4%€198k▲ 8.5%€202k▲ 2.0%
Operating result€9k-€18k▲ 90.4%€22k▲ 22.6%€14k▼ 35.2%€22k▲ 53.9%
Net result€10k-€15k▲ 53.8%€20k▲ 35.8%€15k▼ 23.1%€19k▲ 21.3%
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 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€9k▼ 17.6%
Current assets
€225k▲ 13.0%
Equity and liabilities €234k
Equity
€202k▲ 2.0%
Debt
€33k▲ 155%
The debt ratio rises from 6.2% to 14.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24k▲
2024 · €19k
Cash flow
€21k▲
2024 · €20k
Solvency
85.9%▼
2024 · 93.8%
Current ratio
6.92▼
2024 · 15.46
Quick ratio
6.92▼
2024 · 15.46
Debt / equity
0.16▲
2024 · 0.07
ROE
9.3%▲
2024 · 7.8%
ROA
8.0%▲
2024 · 7.3%
Interest coverage
18.46▲
2024 · 8.14
Debt
€33k▲
2024 · €13k
Debt ≤ 1 year
€33k▲
2024 · €13k
Income taxes
€8k▲
2024 · €2k
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€211k€234k▲
Fixed assets21/28€11k€9k▼
Tangible fixed assets22/27€11k€9k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€930€316▼
Other tangible fixed assets26€6k€5k▼
Current assets29/58€199k€225k▲
Amounts receivable after more than one year29€81k€71k▼
Other amounts receivable291€81k€71k▼
Amounts receivable within one year40/41€51k€102k▲
Trade receivables40€28k€53k▲
Other amounts receivable41€24k€50k▲
Cash at bank and in hand54/58€66k€51k▼
Deferred charges and accrued income490/1€962€525▼
Equity and liabilities
Total equity and liabilities10/49€211k€234k▲
Equity10/15€198k€202k▲
Contributions10/11€19k€19k=
Reserves13€179k€183k▲
Distributable reserves133€179k€183k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€13k€33k▲
Amounts payable within one year42/48€13k€33k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43€278€0▼
Credit institutions430/8€278€0▼
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€8k€10k▲
Other amounts payable47/48€0€15k▲
Accrued charges and deferred income492/3€50€416▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€20k€26k▲
Operating profit (loss)9901€14k€22k▲
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€17k€27k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€15k€19k▲
Profit (loss) for the period to be appropriated9905€15k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€19k▲
Transfer from equity791/2-€15k
Transfer to equity691/2€15k€19k▲
To other reserves6921€15k€19k▲
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (6 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Equity above €200kEq €202k ▲2%
5 profitable years in a row build equity to €202k.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 15.46
Current ratio from 6.67 to 15.46; short-term debt falls from €30k to €13k.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €20k ▲35.8%
Operating result €22k, net result €20k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 6.67
Current ratio from 2.30 to 6.67; short-term debt falls from €110k to €30k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €157k ▲6.5%
Equity rises from €147k to €157k.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 2002
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.
Van Geertstraat 672140 AntwerpenGround area
140 m²
Building footprint
80 m²
Volume, LiDAR
775 m³
Parcel 11006A0391/00D002, Flanders · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Van Geertstraat 67, 2140 Antwerpen
since 20022.095.722.315
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11006A0391/00D002 | Flanders | 140 m² | 1 · 80 m² | 15.3 m · 4 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.
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J.B. REKLAME
BE 0876.140.028
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PUBLICIA
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 2,808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2002
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
18200Printing and reproduction of recorded media
22330
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
72220
72600
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.