Summary
Conclusion
the dossier summarised in one paragraphThe file of IFREQ contains 1 historical bankruptcy publication, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 3.3% (moderate). The 2024 annual accounts show negative equity (€-31k) and a net result of €-11k. Its solvency ranks better than 5% of 2546 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.3%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 events13-08-2026
Bankruptcy
Bankruptcy reversal
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 29-09-2025 | 60 d late | 2025-00524583 |
| 31-12-2023 | 31-07-2024 | 26-10-2024 | 87 d late | 2024-00523818 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
1 signalPrior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-11k+49.9%
Working capital€-31k-106.2%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -159.7% | 56.3% | |
| Net result | €-11k | €19k | |
| Equity | €-31k | €43k | |
| Gross operating margin | €-8k | €37k | |
| Total assets | €19k | €93k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€-9k
+52.1%
23-24
€-11k
+49.9%
23-24
€-10k
+48.0%
23-24
€19k
+216.3%
23-24
€-31k
-52.6%
23-24
€-31k
-106.2%
23-24
€50k
+90.6%
23-24
€50k
+148.4%
23-24
Show 8 other metrics
€6k
-
23-24
0.38
+51.6%
23-24
0.38
+51.6%
23-24
-159.7%
+51.8%
23-24
-1.63
-24.9%
23-24
34.5%
-67.2%
23-24
-55.1%
+84.2%
23-24
-6.22
+58.7%
23-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-9k |
| Net profit | €-11k |
| Cash flow | €-10k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €19k |
| Equity | €-31k |
| Debt | €50k |
| of which ≤ 1y | €50k |
| of which > 1y | - |
| Working capital | €-31k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.38 |
| Quick ratio | 0.38 |
| Working capital ratio | -162.3% |
| Solvency | -159.7% |
| Debt / equity | -1.63 |
| Long-term debt ratio | - |
| Interest coverage | -6.22 |
| Gross margin | - |
| Net margin | - |
| ROA | -55.1% |
| ROE | 34.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €19k |
| Fixed assets | 21/28 | €492 |
| Tangible fixed assets | 22/27 | €492 |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €14k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €19k |
| Equity | 10/15 | €-31k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €-32k |
| Amounts payable | 17/49 | €50k |
| Amounts payable within one year | 42/48 | €50k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-8k |
| Operating result | 9901 | €-9k |
| Financial income | 75 | €23 |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-11k |
| Net result for the period | 9904 | €-11k |
| Result to be appropriated | 9905 | €-11k |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed15
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
3 directors4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
KIGALUX S.À.R.L.Legal entityDirector· perm. rep.: de LIEDEKERKE Philippe-AlexandreState Gazette act 25368650 (10-11-2025)Current04-11-2025 → present
2 events
- 10-11-2025 Resigned· Director
- 04-11-2025 Appointed· Director
-
Current04-11-2025 → present
Former directors (1)
-
Former- → 25-09-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300) |
| Legal form | Private limited company(610) |
| Incorporation | 14-06-2022 |
| Status | Active |
| Postal code | 1930 |
| First BS signal | 13-08-2026 |
| Latest BS signal | 13-08-2026 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationWatertorenlaan 12-14, 1930 Zaventem
since 20222.332.602.154
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,032 m²
Buildings1
Building footprint713 m²
Volume (LiDAR)7,100 m³
Tallest building15.2 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0274/00T007indicative | Flanders | 1,032 m² | 1 · 713 m² | 15.2 m · 4 fl. |
Methodology
via registered seat: 1
0 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette13-08-2026
Bankruptcy
Bankruptcy reversal
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
3 acts All acts · 3
updated 9 months ago
2025
10-11-2025 Articles of association amended
Summary:
v3.2
11-03-2025 Kevin Jordan ATHEBA resigns as director
2022
16-06-2022 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
5 of 5 axes measured57
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
15
Profitability
100
Solvency
33
Growth
58
Stability
79
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionBE 0556.746.940 · Zaventem
BE 0775.383.059 · Zaventem
BE 0471.307.756 · Zaventem
BE 0722.537.162 · Zaventem
BE 0863.022.163 · Zaventem
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 2,267 of the 13,478 companies in this sector.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | IFREQ |
Registered office
Watertorenlaan 12-14
1930 Zaventem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.