AREA
ActiveAREA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33k and a net result of €-6k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 26057 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency34▲+6
Growth52=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.47 against 1.29 in 2023), and 80.9% 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
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.1%
Return on assets
-3.4%
Age of the figures
20 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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€6k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€33k▼ 15.0%
2023 · €39k
2018: €20k
2019: €18k
2020: €25k
2021: €8k
2022: €108k
2023: €39k
2018 → 2024
Total assets
€173k▼ 30.0%
2023 · €248k
2018: €280k
2019: €301k
2020: €279k
2021: €250k
2022: €265k
2023: €248k
2018 → 2024
Net result
€-6k▲ 91.6%
2023 · €-70k
2018: €-502
2019: €-2k
2020: €6k
2021: €-17k
2022: €101k
2023: €-70k
2018 → 2024
Working capital
€50k▲ 9.9%
2023 · €45k
2018: €40k
2019: €28k
2020: €35k
2021: €24k
2022: €69k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€8k▼ 68.8%€108k▲ 1,309%€39k▼ 64.1%€33k▼ 15.0%
Operating result€15k-€-9k€127k€-64k€877
Net result€6k-€-17k€101k€-70k€-6k▲ 91.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €877 after a loss of €64k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €173k
Fixed assets
€19k▼ 57.1%
Current assets
€155k▼ 24.1%
Equity and liabilities €173k
Equity
€33k▼ 15.0%
Debt
€140k▼ 32.8%
The debt ratio falls from 84.3% to 80.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€11k▲
2023 · €-48k
Cash flow
€4k▲
2023 · €-53k
Solvency
19.1%▲
2023 · 15.7%
Current ratio
1.47▲
2023 · 1.29
Quick ratio
0.75▼
2023 · 0.77
Debt / equity
4.24▼
2023 · 5.36
ROE
-17.7%▲
2023 · -178.4%
ROA
-3.4%▲
2023 · -28.1%
Interest coverage
1.40▲
2023 · -7.93
Debt
€140k▼
2023 · €209k
Debt ≤ 1 year
€105k▼
2023 · €158k
Debt > 1 year
€36k▼
2023 · €51k
Income taxes
€7▲
2023 · €-697
Staff costs
€36k▼
2023 · €37k
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€248k€173k▼
Fixed assets21/28€44k€19k▼
Tangible fixed assets22/27€44k€19k▼
Plant, machinery and equipment23€38k€15k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€884€521▼
Current assets29/58€204k€155k▼
Stocks and contracts in progress3€82k€76k▼
Stocks30/36€82k€76k▼
Amounts receivable within one year40/41€88k€45k▼
Trade receivables40€87k€44k▼
Other amounts receivable41€1k€1k▲
Cash at bank and in hand54/58€34k€32k▼
Deferred charges and accrued income490/1-€978
Equity and liabilities
Total equity and liabilities10/49€248k€173k▼
Equity10/15€39k€33k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€19k€13k▼
Amounts payable17/49€209k€140k▼
Amounts payable after more than one year17€51k€36k▼
Financial debts170/4€51k€36k▼
Amounts payable within one year42/48€158k€105k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Financial debts43€13k€6k▼
Credit institutions430/8€12k€6k▼
Other loans439€1k-
Trade debts44€52k€34k▼
Suppliers440/4€52k€34k▼
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€12k€2k▼
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€58k€39k▼
Income statement
Code20232024
Remuneration, social security and pensions62€37k€36k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€10k▼
Other operating charges640/8€5k€12k▲
Gross operating margin9900€-6k€59k▲
Operating profit (loss)9901€-64k€877▲
Financial income75/76B€135€1k▲
Recurring financial income75€135€1k▲
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€-70k€-6k▲
Income taxes67/77€-697€7▲
Profit (loss) for the period9904€-70k€-6k▲
Profit (loss) for the period to be appropriated9905€-70k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€13k▼
Profit (loss) brought forward from the previous period14P€88k€19k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-70k ▼169%
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
31-12
Financial
Equity above €100kEq €108k ▲1309%
Equity rises from €8k to €108k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB 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 · 2 establishment units since 2008
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.
Muidepoort 1229000 GentGround area
704 m²
Building footprint
433 m²
Volume, LiDAR
3,411 m³
2 parcels, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Muidepoort 122, 9000 Gent
since 20082.173.487.908
BIZIM KASAP
since 20202.309.657.694
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A3470/00E000 | Flanders | 484 m² | 1 · 214 m² | 13.6 m · 4 fl. |
| 44021A3269/00K000 | Flanders | 220 m² | 1 · 219 m² | 12.0 m · 2 fl. |
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.
Similar companies · same sector, comparable size
FAM GROUPE
BE 0783.395.556
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SUFI & CO
BE 0831.826.369
Erquelinnes · Eq €33k
OHNE Ternat
BE 0750.536.312
Ternat · Eq €33k
BODEKO
BE 0700.576.362
Tessenderlo-Ham · Eq €33k
GRS COMPANY
BE 0789.239.114
Morlanwelz · Eq €33k
Of 10,412 companies in sector 47110 we hold annual accounts for 5,787. 4,428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-06-2008
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
10110Manufacture of food products
10111Manufacture of food products
46389Wholesale of other food products
46391Wholesale trade
64991Financial service activities, except insurance and pension funding
82920Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.