A Round World
ActiveA Round World has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €989k and a net result of €-173k. Equity is growing by ~55.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-5
Solvency82▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.85 in 2024; short-term debt: 37.2% and cash: 1.3% of total assets), and 43.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 20
Relative position
BE, all sectors
reference
Sector 20
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 2025Solvency, return and age of the figures
Solvency
56.7%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-173k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
28 d early
2023
30 d early
2022
25 d early
2021
30 d early
2020
5 d early
2019
82 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-173k▼ 41.7%
2024 · €-122k
2018: €-49k
2019: €34k
2020: €21k
2021: €13k
2022: €331k
2023: €209k
2024: €-122k
2018 → 2025
Working capital
€376k▼ 24.9%
2024 · €501k
2018: €-357k
2019: €-412k
2020: €-430k
2021: €-465k
2022: €-144k
2023: €-44k
2024: €501k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€475k▲ 229%€684k▲ 43.9%€1.16M▲ 69.8%€989k▼ 14.9%
Operating result€21k-€507k▲ 2,292%€290k▼ 42.9%€-139k€-185k▼ 33.1%
Net result€13k-€331k▲ 2,407%€209k▼ 36.9%€-122k€-173k▼ 41.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €185k in 2025 against €139k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€719k▼ 11.4%
Current assets
€1.02M▼ 6.2%
Equity and liabilities €1.74M
Equity
€989k▼ 14.9%
Debt
€755k▲ 1.8%
The debt ratio rises from 39.0% to 43.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-90k▼
2024 · €-43k
Cash flow
€-78k▼
2024 · €-26k
Solvency
56.7%▼
2024 · 61.0%
Current ratio
1.58▼
2024 · 1.85
Quick ratio
1.37▼
2024 · 1.66
Debt / equity
0.76▲
2024 · 0.64
ROE
-17.5%▼
2024 · -10.5%
ROA
-9.9%▼
2024 · -6.4%
Interest coverage
-1.89▼
2024 · -1.31
Debt
€755k▲
2024 · €742k
Debt ≤ 1 year
€648k▲
2024 · €591k
Debt > 1 year
€107k▼
2024 · €151k
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€1.90M€1.74M▼
Fixed assets21/28€812k€719k▼
Tangible fixed assets22/27€812k€719k▼
Land and buildings22€665k€604k▼
Plant, machinery and equipment23€97k€91k▼
Furniture and vehicles24€50k€24k▼
Current assets29/58€1.09M€1.02M▼
Stocks and contracts in progress3€109k€139k▲
Stocks30/36€109k€139k▲
Amounts receivable within one year40/41€946k€862k▼
Trade receivables40€40k€61k▲
Other amounts receivable41€906k€801k▼
Cash at bank and in hand54/58€36k€22k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.74M▼
Equity10/15€1.16M€989k▼
Contributions10/11€619k€619k=
Reserves13€543k€373k▼
Tax-exempt reserves132€197k€113k▼
Distributable reserves133€346k€260k▼
Profit (loss) carried forward14-€-3k
Amounts payable17/49€742k€755k▲
Amounts payable after more than one year17€151k€107k▼
Financial debts170/4€151k€107k▼
Amounts payable within one year42/48€591k€648k▲
Current portion of amounts payable after more than one year42€74k€94k▲
Trade debts44€2k€12k▲
Suppliers440/4€2k€12k▲
Other amounts payable47/48€514k€542k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€95k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€44k
Other operating charges640/8€7k€7k▲
Gross operating margin9900€-36k€-39k▼
Operating profit (loss)9901€-139k€-185k▼
Financial income75/76B€50k€59k▲
Recurring financial income75€50k€59k▲
Financial charges65/66B€33k€48k▲
Recurring financial charges65€33k€48k▲
Profit (loss) for the period before taxes9903€-122k€-173k▼
Income taxes67/77€3-
Profit (loss) for the period9904€-122k€-173k▼
Transfer from tax-exempt reserves789-€84k
Profit (loss) for the period to be appropriated9905€-122k€-89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-122k€-89k▲
Transfer from equity791/2€122k€86k▼
The notes to these accounts (11 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-173k
Net result drops to €-173k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1MEq €1.16M ▲69.8%
Equity rises from €684k to €1.16M.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €684k ▲43.9%
5 profitable years in a row build equity to €684k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €331k ▲2407%
Operating result €507k, net result €331k, both a record.
31-12
Financial
Equity above €200kEq €475k ▲229%
4 profitable years in a row build equity to €475k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Equity above €100kEq €110k ▲44.6%
Equity rises from €76k to €110k.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Wavre · 2 establishment units since 1999
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.
Avenue des Hêtres 191301 WavreGround area
5,628 m²
Building footprint
590 m²
Volume, LiDAR
2,624 m³
2 parcels, Flanders, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Avenue des Hêtres 19, 1301 Wavre
since 19992.092.950.885
CAJAMI INTERNATIONAL
since 20062.156.016.327
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006E0065/00T006 | Wallonia | 3,932 m² | 1 · 391 m² | 9.2 m · 2 fl. |
| 24514C0020/00C002 | Flanders | 1,696 m² | 1 · 199 m² | 8.8 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CEREPHARMA
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Ray Care
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Gent · Eq €1.12M
COSMOFARMA
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C.T.S.
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Of 242 companies in sector 20420 we hold annual accounts for 94. 47 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-1999
Fiscal year end31-12
Activities, NACEBEL
20420Manufacture of chemicals and chemical products
24520
17210Manufacture of paper and paper products
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.