A+ CONCEPT
ActiveA+ CONCEPT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €898k and a net result of €44k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-22
Solvency79▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.04 in 2024; short-term debt: 45.7% and cash: 17.3% of total assets), and 45.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
54.3%
Return on assets
2.6%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
25 d late
2023
29 d late
2022
4 d late
2021
4 d late
2020
30 d late
2019
77 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€44k▼ 87.4%
2024 · €348k
2018: €107k
2019: €87k
2020: €71k
2021: €204k
2022: €172k
2023: €197k
2024: €348k
2018 → 2025
Working capital
€737k▼ 8.8%
2024 · €808k
2018: €153k
2019: €197k
2020: €214k
2021: €397k
2022: €481k
2023: €577k
2024: €808k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€522k-€604k▲ 15.7%€675k▲ 11.8%€877k▲ 29.9%€898k▲ 2.4%
Operating result€246k-€224k▼ 9.0%€260k▲ 16.0%€474k▲ 82.5%€79k▼ 83.4%
Net result€204k-€172k▼ 15.5%€197k▲ 14.8%€348k▲ 76.4%€44k▼ 87.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€161k▲ 27.6%
Current assets
€1.49M▼ 5.9%
Equity and liabilities €1.66M
Equity
€898k▲ 2.4%
Debt
€757k▼ 9.6%
The debt ratio falls from 48.8% to 45.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€112k▼
2024 · €506k
Cash flow
€78k▼
2024 · €381k
Solvency
54.3%▲
2024 · 51.2%
Current ratio
1.97▼
2024 · 2.04
Quick ratio
1.97▼
2024 · 2.04
Debt / equity
0.84▼
2024 · 0.95
ROE
4.9%▼
2024 · 39.7%
ROA
2.6%▼
2024 · 20.3%
Interest coverage
6.74▼
2024 · 40.12
Debt
€757k▼
2024 · €837k
Debt ≤ 1 year
€757k▼
2024 · €779k
Debt > 1 year
€0▼
2024 · €9k
Income taxes
€29k▼
2024 · €123k
Staff costs
€1.41M▲
2024 · €1.11M
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€1.71M€1.66M▼
Fixed assets21/28€127k€161k▲
Intangible fixed assets21€33k€24k▼
Tangible fixed assets22/27€90k€134k▲
Furniture and vehicles24€25k€11k▼
Other tangible fixed assets26€66k€123k▲
Financial fixed assets28€4k€3k▼
Current assets29/58€1.59M€1.49M▼
Amounts receivable after more than one year29€104k€109k▲
Other amounts receivable291€104k€109k▲
Amounts receivable within one year40/41€941k€991k▲
Trade receivables40€937k€968k▲
Other amounts receivable41€3k€23k▲
Cash at bank and in hand54/58€480k€286k▼
Deferred charges and accrued income490/1€62k€108k▲
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.66M▼
Equity10/15€877k€898k▲
Contributions10/11€20k€20k=
Reserves13€196k€259k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132-€63k
Distributable reserves133€194k€194k=
Profit (loss) carried forward14€660k€619k▼
Investment grants15€230€0▼
Amounts payable17/49€837k€757k▼
Amounts payable after more than one year17€9k€0▼
Financial debts170/4€9k€0▼
Amounts payable within one year42/48€779k€757k▼
Current portion of amounts payable after more than one year42€15k€14k▼
Trade debts44€293k€306k▲
Suppliers440/4€293k€306k▲
Taxes, remuneration and social security45€326k€355k▲
Taxes450/3€156k€151k▼
Remuneration and social security454/9€170k€204k▲
Other amounts payable47/48€145k€82k▼
Accrued charges and deferred income492/3€49k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.11M€1.41M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€34k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€17k€14k▼
Non-recurring operating charges66A€34k€0▼
Gross operating margin9900€1.66M€1.53M▼
Operating profit (loss)9901€474k€79k▼
Financial income75/76B€10k€11k▲
Recurring financial income75€10k€11k▲
Financial charges65/66B€13k€17k▲
Recurring financial charges65€13k€17k▲
Profit (loss) for the period before taxes9903€472k€73k▼
Income taxes67/77€123k€29k▼
Profit (loss) for the period9904€348k€44k▼
Transfer to tax-exempt reserves689-€63k
Profit (loss) for the period to be appropriated9905€348k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€806k€641k▼
Profit (loss) brought forward from the previous period14P€457k€660k▲
Profit to be distributed694/7€145k€22k▼
Return on contributions (dividend)694€125k€0▼
Employees696€20k€22k▲
Social balance
Average headcount (FTE)908720.022.6▲
The notes to these accounts (28 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €44k ▼87.4%
Net result drops to €44k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 25 days late
2024
31-12
Financial
Highest result since 2018net €348k ▲76.4%
Operating result €474k, net result €348k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
31-12
Financial
Equity above €500kEq €522k ▲38%
4 profitable years in a row build equity to €522k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 77 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Liège · 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.
Square des Conduites d'Eau 3-44020 LiègeGround area
1,994 m²
Building footprint
610 m²
Parcel 62806C0923/00Z002, Wallonia. Linked by address, not a title deed.
1 establishment unit
A + CONCEPT
since 20102.186.762.654
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0923/00Z002 | Wallonia | 1,994 m² | 1 · 610 m² | - |
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.
Similar companies · same sector, comparable size
ARSAC
BE 0432.152.420
Oud-Heverlee · Eq €897k
nexTec
BE 0793.610.943
Gent · Eq €897k
Storm Gent 2
BE 0636.919.222
Antwerpen · Eq €900k
Studiebureau Poelmans
BE 0425.210.881
Lummen · Eq €894k
COMMA
BE 0464.040.971
Roeselare · Eq €894k
Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 3,581 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-04-2010
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.