Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Shrinking team NBB
FTE fell two years in a row, from 30.7 to 24.6.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Activate Belgium from Brussel, company number BE0435154767, closed financial year 2024 with a result of € -245,476 after tax. For that financial year Activate Belgium recorded a gross margin of € 1.5 million and equity of € -545,174. Compared with financial year 2023, the result moved from € 18,549 to € -245,476. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 22, 2025.
€ -545,174
▼ € 245,476 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -245,476
▼ still € 18,549 profit in 2023
Profit after tax over the fiscal year.
€ 15,682
▼ 17% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -564,174.
People and assets in 2024
24.6
▼ 3.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▼ 12% vs 2023
€ 69,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,226
▼ 13% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▼ 27% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.4 million
▲ 40% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 923,028 | € 1,893,839 | € 1,860,395 | € 1,498,408 | ▼ 19% |
| Profit after taxes | € -81,212 | € 98,368 | € 18,549 | € -245,476 | ▼ € 264,025 |
| Equity | € -416,615 | € -318,247 | € -299,698 | € -545,174 | ▼ € 245,476 |
| Total debts | € 1,170,744 | € 2,249,499 | € 2,511,481 | € 2,511,577 | |
| Cash | € 15,559 | € 20,397 | € 18,857 | € 15,682 | ▼ 17% |
| Retained profit | € -435,615 | € -337,247 | € -318,698 | € -564,174 | ▼ € 245,476 |
| Balance sheet total | € 754,129 | € 1,931,253 | € 2,211,783 | € 1,966,403 | ▼ 11% |
| Employees (FTE) | 28.7 | 30.7 | 28.2 | 24.6 | ▼ 3.6 |
Key figures of Activate Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Activate Belgium?
What happened at Activate Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Activate Belgium is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 245,476 (▼ € 264,025 vs 2023). filed late Source: NBB ↗
- New establishment in Namur. KBO
- New establishment in Mons. KBO
- New establishment in Namur. KBO
- New establishment in Leuven. KBO
- New establishment in Brussel. KBO
- New establishment in Liège. KBO
- New establishment in Hasselt. KBO
In short
From € 81,212 loss in 2021 to € 245,476 loss in 2024.
Paid € 5,000 in corporate taxes since 2021.
Best year ever: 2022, with € 98,368 profit.
On average € 60,900 of value added per employee in 2024.
A new publication or filing at Activate Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Activate Belgium is SMESCH MANAGEMENT SERVICES BV.
Directors
According to the 2024 annual accounts
SMESCH MANAGEMENT SERVICES BV
Director · represented by Sander Smulders
Establishments
Establishment units
Physical locations of this company
Vrijheidsplein 10
1000 Brussel
Krijgslaan 99 box a
9000 Gent
Active since 1 August 2012
Lange Nieuwstraat 15
2000 Antwerpen
Active since 26 July 2012
Leopoldstraat 98
2800 Mechelen
Active since 1 September 2012
Cellebroedersstraat 3
3500 Hasselt
Active since 1 December 2013
Boulevard de la Sauvenière 124
4000 Liège
Active since 1 October 2014
Rue Borgnet 17
5000 Namur
Active since 1 February 2016
Brusselsestraat 118
3000 Leuven
Active since 1 December 2015
Rue de la Clef 29
7000 Mons
Active since 1 July 2016
Rue du Pont des Ardennes(JB) 10
5100 Namur
Active since 1 April 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.154.767
- VAT number
- BE 0435.154.767
- Registered office
- Vrijheidsplein 10, 1000 Brussel
- Names & denominations
- Activate Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 2 September 1988
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige niet-gespecialiseerde detailhandel
Organisatie van congressen en beurzen
Overige vormen van onderwijs
Activiteiten van reclamebureaus
Detailhandel via postorderbedrijven of via internet
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