Barnes & Morgan
ActiveBarnes & Morgan has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257k and a net result of €10k. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 17046 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-8
Solvency71▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.32 in 2024; short-term debt: 24.4% and cash: 8.1% of total assets), and 54% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
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
46%
Return on assets
1.8%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
55 d late
2023
27 d late
2022
19 d early
2021
19 d late
2020
33 d early
2019
2 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€257k▲ 4.0%
2024 · €247k
2018: €35k
2019: €71k
2020: €82k
2021: €114k
2022: €125k
2023: €130k
2024: €247k
2018 → 2025
Total assets
€559k▲ 1.5%
2024 · €551k
2018: €50k
2019: €103k
2020: €106k
2021: €117k
2022: €146k
2023: €243k
2024: €551k
2018 → 2025
Net result
€10k
2024 · €-8k
2018: €22k
2019: €37k
2020: €11k
2021: €32k
2022: €11k
2023: €-1k
2024: €-8k
2018 → 2025
Working capital
€-73k▲ 20.7%
2024 · €-92k
2018: €32k
2019: €67k
2020: €77k
2021: €112k
2022: €107k
2023: €-84k
2024: €-92k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€125k▲ 10.0%€130k▲ 3.9%€247k▲ 89.7%€257k▲ 4.0%
Operating result€43k-€15k▼ 64.4%€435▼ 97.2%€-3k€25k
Net result€32k-€11k▼ 64.4%€-1k€-8k▼ 532%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €3k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €559k
Fixed assets
€496k▼ 2.3%
Current assets
€63k▲ 45.7%
Equity and liabilities €559k
Equity
€257k▲ 4.0%
Debt
€302k▼ 0.5%
The debt ratio falls from 55.1% to 54.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €30k
Cash flow
€41k▲
2024 · €25k
Solvency
46.0%▲
2024 · 44.9%
Current ratio
0.46▲
2024 · 0.32
Quick ratio
0.46▲
2024 · 0.32
Debt / equity
1.18▼
2024 · 1.23
ROE
3.8%▲
2024 · -3.3%
ROA
1.8%▲
2024 · -1.5%
Interest coverage
4.08▼
2024 · 5.54
Debt
€302k▼
2024 · €303k
Debt ≤ 1 year
€136k▲
2024 · €136k
Debt > 1 year
€157k▼
2024 · €168k
Income taxes
€1k
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€551k€559k▲
Fixed assets21/28€507k€496k▼
Tangible fixed assets22/27€507k€496k▼
Land and buildings22€475k€471k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€24k€19k▼
Current assets29/58€43k€63k▲
Amounts receivable within one year40/41€14k€12k▼
Trade receivables40€9k€12k▲
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€26k€45k▲
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€551k€559k▲
Equity10/15€247k€257k▲
Contributions10/11€144k€144k=
Reserves13€113k€113k▲
Distributable reserves133€113k€113k▲
Profit (loss) carried forward14€-9k€0▲
Amounts payable17/49€303k€302k▼
Amounts payable after more than one year17€168k€157k▼
Financial debts170/4€168k€157k▼
Amounts payable within one year42/48€136k€136k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€116k€111k▼
Accrued charges and deferred income492/3-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€31k▼
Other operating charges640/8€796€62▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€37k€56k▲
Operating profit (loss)9901€-3k€25k▲
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€5k€14k▲
Recurring financial charges65€5k€14k▲
Non-recurring financial charges66B-€0
Profit (loss) for the period before taxes9903€-8k€11k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€-8k€10k▲
Profit (loss) for the period to be appropriated9905€-8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€363▲
Profit (loss) brought forward from the previous period14P€-1k€-9k▼
Transfer to equity691/2-€363
To other reserves6921-€363
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €247k ▲89.7%
Equity rises from €130k to €247k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Liquidity times 10current ratio 41.50
Current ratio from 4.31 to 41.50; short-term debt falls from €23k to €3k.
31-12
Financial
Equity above €100kEq €114k ▲38.8%
4 profitable years in a row build equity to €114k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €37k ▲63.9%
Operating result €51k, net result €37k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 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, Sint-Truiden · 1 establishment unit since 2017
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.
Tiensesteenweg 403800 Sint-TruidenGround area
426 m²
Building footprint
372 m²
Volume, LiDAR
3,656 m³
Parcel 71353E0021/00V000, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Barnes & Morgan
since 20172.264.460.545
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0021/00V000 | Flanders | 426 m² | 1 · 372 m² | 14.8 m · 4 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.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 14,139 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
47410Retail trade
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.