37graden
Active37graden has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €202k and a net result of €56k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 75% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+5
Solvency88▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.17 in 2023; short-term debt: 35.7% and cash: 68% of total assets), and 37.4% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
2022
55 d early
2021
52 d early
2020
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€202k▲ 38.5%
2023 · €146k
2020: €75k
2021: €94k
2022: €107k
2023: €146k
2020 → 2024
Total assets
€323k▲ 25.6%
2023 · €257k
2020: €152k
2021: €148k
2022: €211k
2023: €257k
2020 → 2024
Net result
€56k▲ 64.1%
2023 · €34k
2020: €15k
2021: €11k
2022: €8k
2023: €34k
2020 → 2024
Working capital
€176k▲ 38.2%
2023 · €127k
2020: €62k
2021: €83k
2022: €106k
2023: €127k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€75k-€94k▲ 24.7%€107k▲ 14.2%€146k▲ 36.7%€202k▲ 38.5%
Operating result€17k-€15k▼ 14.3%€11k▼ 21.3%€44k▲ 289%€78k▲ 75.8%
Net result€15k-€11k▼ 26.8%€8k▼ 24.9%€34k▲ 314%€56k▲ 64.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 76% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €323k
Fixed assets
€32k▲ 51.9%
Current assets
€291k▲ 23.4%
Equity and liabilities €323k
Equity
€202k▲ 38.5%
Debt
€121k▲ 8.8%
The debt ratio falls from 43.2% to 37.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2023 · €48k
Cash flow
€63k▲
2023 · €38k
Solvency
62.6%▲
2023 · 56.8%
Current ratio
2.52▲
2023 · 2.17
Quick ratio
2.46▲
2023 · 2.11
Debt / equity
0.60▼
2023 · 0.76
ROE
27.8%▲
2023 · 23.5%
ROA
17.4%▲
2023 · 13.3%
Interest coverage
154.05▲
2023 · 85.20
Debt
€121k▲
2023 · €111k
Debt ≤ 1 year
€116k▲
2023 · €109k
Income taxes
€21k▲
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€257k€323k▲
Formation expenses20€200-
Fixed assets21/28€21k€32k▲
Intangible fixed assets21€2k-
Tangible fixed assets22/27€4k€17k▲
Furniture and vehicles24€4k€17k▲
Financial fixed assets28€15k€15k=
Current assets29/58€236k€291k▲
Stocks and contracts in progress3€7k€7k▲
Stocks30/36€7k€7k▲
Amounts receivable within one year40/41€159k€63k▼
Trade receivables40€159k€63k▼
Other amounts receivable41-€51
Cash at bank and in hand54/58€69k€220k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€257k€323k▲
Equity10/15€146k€202k▲
Contributions10/11€78k€78k=
Reserves13€69k€125k▲
Distributable reserves133€69k€125k▲
Amounts payable17/49€111k€121k▲
Amounts payable within one year42/48€109k€116k▲
Trade debts44€60k€50k▼
Suppliers440/4€60k€50k▼
Taxes, remuneration and social security45€10k€27k▲
Taxes450/3€10k€27k▲
Other amounts payable47/48€39k€39k▼
Accrued charges and deferred income492/3€2k€6k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€1,000€2k▲
Gross operating margin9900€49k€86k▲
Operating profit (loss)9901€44k€78k▲
Financial income75/76B€63€1▼
Recurring financial income75€63€1▼
Financial charges65/66B€563€549▼
Recurring financial charges65€563€549▼
Profit (loss) for the period before taxes9903€44k€78k▲
Income taxes67/77€10k€21k▲
Profit (loss) for the period9904€34k€56k▲
Profit (loss) for the period to be appropriated9905€34k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€56k▲
Transfer to equity691/2€34k€56k▲
To other reserves6921€34k€56k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-08
State Gazette act
Resignations & appointmentsBoard meeting · General meeting · Director resignation10 facts ▸
State Gazette act
Resignations & appointments
Board meeting · General meeting · Director resignation10 facts ▸
- Board meeting, 29/04/2026
- General meeting, 03/06/2026
- Director resignation, Cuypers Evy (voorzitter van de Raad Bestuur)
- Director discharge, Cuypers Evy
- Director appointment, Hubrechts Nele (voorzitter)
- Mandate compensation, Hubrechts Nele
- Director resignation, INTESA VZW (bestuurder)
- Director resignation, Cuypers Evy (vaste vertegenwoordiger)
- Director appointment, DE WROETER Activiteitenboerderij VZW (bestuurder)
- Permanent representative, Joeri Fabry
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €56k ▲64.1%
Operating result €78k, net result €56k, both a record.
31-12
Financial
Equity above €200kEq €202k ▲38.5%
5 profitable years in a row build equity to €202k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €8k ▼24.9%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €107k ▲14.2%
3 profitable years in a row build equity to €107k.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2026
DE WROETER ACTIVITEITENBOERDERIJ
CurrentDirector · since 03-06-2026 · Non-profit association · perm. rep.: Joeri Fabry
Hubrechts Nele
CurrentChair · since 29-04-2026
03-06-2026
DE WROETER ACTIVITEITENBOERDERIJ: Appointed as Director
03-06-2026
INTESA: Resigned as Director
29-04-2026
Hubrechts Nele: Appointed as Chair
29-04-2026
Cuypers Evy: Resigned as Voorzitter van de raad bestuur
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2019
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.
Albrecht Rodenbachstraat 203500 HasseltGround area
2.6 ha
Building footprint
1,432 m²
Volume, LiDAR
13,935 m³
Parcel 71328D0273/00F002, Flanders · tallest building 26.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
37 graden
since 20192.296.013.952
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0273/00F002 | Flanders | 2.6 ha | 1 · 1,432 m² | 26.6 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 2 locations
controls
37gradenBE 0736.635.420
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.296.013.952
Similar companies · same sector, comparable size
AKDENIZ DECOR CENTER
BE 0898.095.977
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MARO
BE 0426.086.950
Oostkamp · Eq €211k
TH Enterprise
BE 0895.220.324
Antwerpen · Eq €194k
Etablissements Demeuldre
BE 0402.033.227
Elsene · Eq €190k
TRANSMISSION
BE 0431.138.967
Gerpinnes · Eq €185k
Of 426 companies in sector 47553 we hold annual accounts for 169. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded22-10-2019
Fiscal year end31-12
Activities, NACEBEL
47553Retail trade
47593Retail trade
70200Business and other management consultancy
47551Retail sale of household furniture
47591Retail trade
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.