NOIR & CLAIR
ActiveNOIR & CLAIR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201k and a net result of €28k. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 90% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 11.27 against 9.56 in 2024; short-term debt: 8.3% and cash: 88.8% of total assets), and 8.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
91.7%
Return on assets
12.7%
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 19-08-2026, 19 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
19 d late
2024
14 d late
2023
18 d late
2022
18 d late
2021
19 d late
2020
25 d late
2019
26 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€201k▲ 16.1%
2024 · €173k
2018: €82k
2019: €85k
2020: €93k
2021: €102k
2022: €113k
2023: €147k
2024: €173k
2018 → 2025
Total assets
€220k▲ 14.7%
2024 · €192k
2018: €112k
2019: €110k
2020: €111k
2021: €119k
2022: €128k
2023: €164k
2024: €192k
2018 → 2025
Net result
€28k▲ 5.0%
2024 · €27k
2018: €17k
2019: €3k
2020: €8k
2021: €10k
2022: €10k
2023: €34k
2024: €27k
2018 → 2025
Working capital
€188k▲ 21.7%
2024 · €154k
2018: €69k
2019: €67k
2020: €75k
2021: €92k
2022: €111k
2023: €122k
2024: €154k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€113k▲ 10.0%€147k▲ 30.5%€173k▲ 18.1%€201k▲ 16.1%
Operating result€15k-€16k▲ 13.0%€47k▲ 187%€38k▼ 20.1%€40k▲ 6.9%
Net result€10k-€10k▲ 6.9%€34k▲ 236%€27k▼ 22.7%€28k▲ 5.0%
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 7% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€14k▼ 28.8%
Current assets
€206k▲ 19.6%
Equity and liabilities €220k
Equity
€201k▲ 16.1%
Debt
€18k▲ 1.5%
The debt ratio falls from 9.4% to 8.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2024 · €43k
Cash flow
€33k▲
2024 · €32k
Solvency
91.7%▲
2024 · 90.6%
Current ratio
11.27▲
2024 · 9.56
Quick ratio
11.27▲
2024 · 9.56
Debt / equity
0.09▼
2024 · 0.10
ROE
13.8%▼
2024 · 15.3%
ROA
12.7%▼
2024 · 13.9%
Interest coverage
298.27▲
2024 · 281.19
Debt
€18k▲
2024 · €18k
Debt ≤ 1 year
€18k▲
2024 · €18k
Income taxes
€13k▲
2024 · €12k
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€192k€220k▲
Fixed assets21/28€19k€14k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€19k€14k▼
Land and buildings22€0€0=
Furniture and vehicles24€19k€14k▼
Current assets29/58€172k€206k▲
Amounts receivable within one year40/41€9k€11k▲
Trade receivables40€9k€11k▲
Cash at bank and in hand54/58€163k€195k▲
Equity and liabilities
Total equity and liabilities10/49€192k€220k▲
Equity10/15€173k€201k▲
Contributions10/11€31k€31k=
Reserves13€122k€150k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€119k€147k▲
Profit (loss) carried forward14€20k€20k=
Amounts payable17/49€18k€18k▲
Amounts payable within one year42/48€18k€18k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€717€310▼
Suppliers440/4€717€310▼
Taxes, remuneration and social security45€12k€12k▼
Taxes450/3€12k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€631€894▲
Gross operating margin9900€44k€47k▲
Operating profit (loss)9901€38k€40k▲
Financial income75/76B€482€756▲
Recurring financial income75€482€756▲
Financial charges65/66B€154€154=
Recurring financial charges65€154€154=
Profit (loss) for the period before taxes9903€38k€41k▲
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€27k€28k▲
Profit (loss) for the period to be appropriated9905€27k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€47k€48k▲
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer to equity691/2€27k€28k▲
To other reserves6921€27k€28k▲
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Equity above €200kEq €201k ▲16.1%
8 profitable years in a row build equity to €201k.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Equity above €150kEq €173k ▲18.1%
7 profitable years in a row build equity to €173k.
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
31-12
Financial
Highest result since 2018net €34k ▲236%
Operating result €47k, net result €34k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Equity above €100kEq €102k ▲10.3%
4 profitable years in a row build equity to €102k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet €3k ▼81.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 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, Liège · 1 establishment unit since 1996
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.
Rue Dartois 364000 LiègeGround area
532 m²
Building footprint
163 m²
Volume, LiDAR
1,883 m³
2 parcels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Rue Gustave-Thiriart 94, 4000 Liège
since 19962.057.126.015
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0312/00L007 | Wallonia | 344 m² | 1 · 80 m² | 16.9 m · 5 fl. |
| 62804D0378/00V003 | Wallonia | 188 m² | 1 · 83 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BMF WORLD
BE 0451.166.202
Knokke-Heist · Eq €201k
ELIAS e hijos
BE 0880.590.447
Antwerpen · Eq €201k
FORM'AD
BE 0476.758.661
Antwerpen · Eq €202k
PUBLICIA
BE 0430.007.433
Mons · Eq €201k
Phoenix JMT
BE 0540.630.092
Braine-le-Château · Eq €201k
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
Founded01-04-1992
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.