ATLAS
ActiveATLAS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €-74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 46% of 2091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency42▼-54
Growth52=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity tight (current ratio 1.03 against 1.88 in 2023), and 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 10
Relative position
BE, all sectors
reference
Sector 10
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
27.1%
Return on assets
-45.2%
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 -€74k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
71 d late
2023
67 d late
2022
57 d late
2021
120 d late
2020
89 d late
2019
103 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€44k▼ 62.5%
2023 · €118k
2018: €33k
2019: €102k
2020: €158k
2021: €150k
2022: €160k
2023: €118k
2018 → 2024
Total assets
€163k▼ 13.6%
2023 · €189k
2018: €127k
2019: €201k
2020: €253k
2021: €231k
2022: €202k
2023: €189k
2018 → 2024
Net result
€-74k▼ 73.6%
2023 · €-42k
2018: €28k
2019: €69k
2020: €56k
2021: €-7k
2022: €10k
2023: €-42k
2018 → 2024
Working capital
€3k▼ 94.7%
2023 · €62k
2018: €25k
2019: €96k
2020: €144k
2021: €103k
2022: €95k
2023: €62k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€158k-€150k▼ 4.6%€160k▲ 6.4%€118k▼ 26.5%€44k▼ 62.5%
Operating result€73k-€12k▼ 83.2%€10k▼ 19.1%€-38k€-74k▼ 93.7%
Net result€56k-€-7k€10k€-42k€-74k▼ 73.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €74k in 2024 against €38k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163k
Fixed assets
€41k▼ 26.5%
Current assets
€122k▼ 8.2%
Equity and liabilities €163k
Equity
€44k▼ 62.5%
Debt
€119k▲ 67.6%
The debt ratio rises from 37.6% to 72.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-59k▼
2023 · €-13k
Cash flow
€-59k▼
2023 · €-18k
Solvency
27.1%▼
2023 · 62.4%
Current ratio
1.03▼
2023 · 1.88
Quick ratio
0.80▼
2023 · 1.16
Debt / equity
2.70▲
2023 · 0.60
ROE
-166.9%▼
2023 · -36.0%
ROA
-45.2%▼
2023 · -22.5%
Interest coverage
-553.97▼
2023 · -148.50
Debt
€119k▲
2023 · €71k
Debt ≤ 1 year
€119k▲
2023 · €71k
Staff costs
€197k▲
2023 · €132k
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€189k€163k▼
Fixed assets21/28€55k€41k▼
Tangible fixed assets22/27€49k€35k▼
Plant, machinery and equipment23€45k€31k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€6k€6k=
Current assets29/58€133k€122k▼
Stocks and contracts in progress3€51k€27k▼
Stocks30/36€51k€27k▼
Amounts receivable within one year40/41€35k€35k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€32k€32k▼
Cash at bank and in hand54/58€47k€60k▲
Equity and liabilities
Total equity and liabilities10/49€189k€163k▼
Equity10/15€118k€44k▼
Contributions10/11€50k€50k=
Capital10€50k€50k=
Issued capital100€50k€50k=
Profit (loss) carried forward14€68k€-6k▼
Amounts payable17/49€71k€119k▲
Amounts payable within one year42/48€71k€119k▲
Trade debts44€35k€53k▲
Suppliers440/4€35k€53k▲
Taxes, remuneration and social security45€35k€66k▲
Taxes450/3€4k€359▼
Remuneration and social security454/9€31k€66k▲
Income statement
Code20232024
Remuneration, social security and pensions62€132k€197k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€15k▼
Other operating charges640/8€829€1k▲
Gross operating margin9900€120k€140k▲
Operating profit (loss)9901€-38k€-74k▼
Financial income75/76B€91€83▼
Recurring financial income75€91€83▼
Financial charges65/66B€89€106▲
Recurring financial charges65€89€106▲
Profit (loss) for the period before taxes9903€-38k€-74k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€-42k€-74k▼
Profit (loss) for the period to be appropriated9905€-42k€-74k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€-6k▼
Profit (loss) brought forward from the previous period14P€110k€68k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series.
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Equity above €150kEq €158k ▲54.8%
3 profitable years in a row build equity to €158k.
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Highest result since 2018net €69k ▲144%
Net result €69k, the highest in the series.
31-12
Financial
Equity above €100kEq €102k ▲208%
2 profitable years in a row build equity to €102k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 66 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Mechelen · 1 establishment unit since 2014
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.
Liersesteenweg 1792800 MechelenGround area
341 m²
Building footprint
197 m²
Volume, LiDAR
1,121 m³
Parcel 12402B0290/00F023, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ATLAS
since 20142.233.291.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0290/00F023 | Flanders | 340 m² | 1 · 197 m² | 7.8 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
Food safety, FASFC
1 siteMechelen2.233.291.574
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BRUWAT
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MDAB
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BAKKERIJ 'T RAUW
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Of 4,200 companies in sector 10712 we hold annual accounts for 1,851. 1,489 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-03-2014
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.