53TWELVE
ActiveSummary
53TWELVE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €709k and a net result of €239k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 47% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
90
/ 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
Profitability92▼-2
Solvency80▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 2.29 in 2023; short-term debt: 22.5% and cash: 29.5% of total assets), and 45.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
54.9%
Return on assets
18.5%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
44 d early
2022
34 d early
2021
47 d early
2020
36 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€709k▲ 6.3%
2023 · €667k
2018: €318k
2019: €358k
2020: €536k
2021: €394k
2022: €442k
2023: €667k
2018 → 2024
Total assets
€1.29M▲ 14.6%
2023 · €1.13M
2018: €444k
2019: €557k
2020: €932k
2021: €1.16M
2022: €935k
2023: €1.13M
2018 → 2024
Net result
€239k▲ 6.1%
2023 · €225k
2018: €-52k
2019: €198k
2020: €208k
2021: €56k
2022: €48k
2023: €225k
2018 → 2024
Working capital
€160k▲ 15.5%
2023 · €139k
2018: €402k
2019: €336k
2020: €363k
2021: €42k
2022: €32k
2023: €139k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€536k-€394k▼ 26.6%€442k▲ 12.2%€667k▲ 51.0%€709k▲ 6.3%
Operating result€259k-€89k▼ 65.6%€78k▼ 12.1%€333k▲ 325%€351k▲ 5.2%
Net result€208k-€56k▼ 73.3%€48k▼ 13.9%€225k▲ 371%€239k▲ 6.1%
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 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.29M
Fixed assets
€840k ▼ 4.5%
Current assets
€451k ▲ 82.7%
Equity and liabilities €1.29M
Equity
€709k ▲ 6.3%
Debt
€582k ▲ 26.7%
Debt's share of the balance-sheet total rises from 40.8% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€409k▲
2023 · €375k
Cash flow
€297k▲
2023 · €268k
Current ratio
1.55▼
2023 · 2.29
Quick ratio
1.47▼
2023 · 2.07
Debt to equity
0.82▲
2023 · 0.69
ROE
33.7%▼
2023 · 33.8%
ROA
18.5%▼
2023 · 20.0%
Interest coverage
103.04▲
2023 · 85.97
Debt ≤ 1 year
€291k▲
2023 · €108k
Debt > 1 year
€290k▼
2023 · €350k
Income taxes
€108k▲
2023 · €104k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.13M€1.29M▲
Fixed assets21/28€879k€840k▼
Tangible fixed assets22/27€879k€839k▼
Land and buildings22€744k€734k▼
Furniture and vehicles24€135k€106k▼
Other tangible fixed assets26€128€0▼
Financial fixed assets28€45€45=
Current assets29/58€247k€451k▲
Stocks and contracts in progress3€23k€24k▲
Stocks30/36€23k€24k▲
Amounts receivable within one year40/41€76k€46k▼
Trade receivables40€41k€44k▲
Other amounts receivable41€34k€2k▼
Cash at bank and in hand54/58€148k€380k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.29M▲
Equity10/15€667k€709k▲
Contributions10/11€6k€6k=
Reserves13€742k€784k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€742k€784k▲
Profit (loss) carried forward14€-82k€-82k=
Amounts payable17/49€459k€582k▲
Amounts payable after more than one year17€350k€290k▼
Financial debts170/4€350k€290k▼
Amounts payable within one year42/48€108k€291k▲
Current portion of amounts payable after more than one year42€60k€60k=
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€39k€26k▼
Taxes450/3€39k€26k▼
Other amounts payable47/48€5k€203k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20232024
Non-recurring operating income76A-€450
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€58k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€385€116▼
Gross operating margin9900€378k€410k▲
Operating profit (loss)9901€333k€351k▲
Financial income75/76B€29€628▲
Recurring financial income75€29€628▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€329k€347k▲
Income taxes67/77€104k€108k▲
Profit (loss) for the period9904€225k€239k▲
Profit (loss) for the period to be appropriated9905€225k€239k▲
Appropriation of the result
Profit (loss) to be appropriated9906€144k€157k▲
Profit (loss) brought forward from the previous period14P€-82k€-82k=
Transfer from equity791/2-€197k
Transfer to equity691/2€225k€239k▲
To other reserves6921€225k€239k▲
Profit to be distributed694/7-€197k
Return on contributions (dividend)694-€197k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €239k ▲6.1%
Net result €239k, the highest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €667k ▲51%
5 profitable years in a row build equity to €667k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-10
State Gazette act
Board meeting · Power of attorney
Permanent representative
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-08
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500kEq €536k ▲49.7%
2 profitable years in a row build equity to €536k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €198k
Net result €198k after one loss-making year.
Show earlier events
25-06
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-10
State Gazette act
Board meeting · Director resignation
Permanent representative
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-02
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2013
17-09
State Gazette act
Board meeting · Director appointment
Permanent representative
2012
28-11
State Gazette act
Board meeting · Director resignation
Permanent representative
2010
25-11
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment · Maggy Vancoppernolle
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Gent · 1 establishment unit since 2010
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.
Raapstraat 239031 GentGround area
1,229 m²
Building footprint
176 m²
Volume, LiDAR
1,163 m³
Parcel 44017D0574/00G000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hautekeete Arne
since 20102.189.638.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0574/00G000 | Flanders | 1,229 m² | 1 · 176 m² | 11.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493002O2DWJH6O3OO84
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DRMV-INVEST
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CONESSENCE FINANCIAL RECRUITMENT
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UMLAWULI
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 31,436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
14299Manufacture of wearing apparel
47639Retail sale of other sporting goods
64210Activities of holding companies
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.