Financials
- Fiscal year
- 2025
- Total assets
- €917,231
- Loss
- -€50,745
- Solvency
- 18.3%
Turnover▼ 4.3%
Net result
20182023
REFERENCES
ActiveSummary
REFERENCES has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,193 and a net result of -€50,745. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 758 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
What they do
Media representation
NACE 73120
2 sites
How big
€917,231total assets 2025
- Staff
- 16 FTE
- Equity
- €168,193
- Loss
- -€50,745
Who decides
- Largest shareholder
- GROUPE SUDMEDIA · 50%
Accounts 58 d early0 of 12 deeds read
Why 40- Higher-failure-rate region- Multiple establishment units+ Lower-risk legal form+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-60
Solvency43▼-3
Growth47=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.46 against 1.44 in 2024; short-term debt: 62.5% and cash: 1.8% of total assets), and 81.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
55 d early
2023
42 d early
2022
34 d early
2021
27 d early
2020
30 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€50,745
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Largest shareholder
- GROUPE SUDMEDIA · 50%
Timeline
- Events
- 15
- Since
- 2017
- Next accounts
- by 31-07-2027
- 03-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 06-06-2025Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Media representationNACE 73120
- Founded
- 06-09-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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