BCSE
ActiveBCSE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €55k and a net result of €-33k. Equity is shrinking by ~22.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 43% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency76▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 2.25 in 2023; short-term debt: 49.3% and cash: 27.2% of total assets), and 49.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
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
50.7%
Return on assets
-30.8%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-33k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
51 d late
2022
28 d late
2021
47 d late
2020
293 d late
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€55k▼ 37.8%
2023 · €88k
2018: €286k
2019: €256k
2020: €226k
2021: €178k
2022: €129k
2023: €88k
2018 → 2024
Total assets
€109k▼ 28.5%
2023 · €152k
2018: €308k
2019: €266k
2020: €240k
2021: €215k
2022: €187k
2023: €152k
2018 → 2024
Net result
€-33k▲ 18.2%
2023 · €-41k
2018: €51k
2019: €-29k
2020: €-30k
2021: €-48k
2022: €-49k
2023: €-41k
2018 → 2024
Working capital
€52k▼ 34.5%
2023 · €79k
2018: €286k
2019: €255k
2020: €198k
2021: €157k
2022: €114k
2023: €79k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€226k-€178k▼ 21.2%€129k▼ 27.3%€88k▼ 31.6%€55k▼ 37.8%
Operating result€-33k-€-48k▼ 44.3%€-48k▼ 0.3%€-40k▲ 15.5%€-33k▲ 18.3%
Net result€-30k-€-48k▼ 58.6%€-49k▼ 1.6%€-41k▲ 16.0%€-33k▲ 18.2%
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 stays negative: a loss of €33k in 2024 against €40k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109k
Fixed assets
€3k▼ 66.7%
Current assets
€106k▼ 26.1%
Equity and liabilities €109k
Equity
€55k▼ 37.8%
Debt
€53k▼ 15.6%
The debt ratio rises from 41.7% to 49.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-27k▲
2023 · €-34k
Cash flow
€-27k▲
2023 · €-35k
Solvency
50.7%▼
2023 · 58.3%
Current ratio
1.97▼
2023 · 2.25
Quick ratio
1.97▼
2023 · 2.25
Debt / equity
0.97▲
2023 · 0.72
ROE
-60.8%▼
2023 · -46.2%
ROA
-30.8%▼
2023 · -26.9%
Interest coverage
-400.98▼
2023 · -135.84
Debt
€53k▼
2023 · €63k
Debt ≤ 1 year
€53k▼
2023 · €63k
Income taxes
€471▲
2023 · €343
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€152k€109k▼
Fixed assets21/28€9k€3k▼
Tangible fixed assets22/27€9k€3k▼
Furniture and vehicles24€9k€3k▼
Current assets29/58€143k€106k▼
Amounts receivable within one year40/41€76k€73k▼
Trade receivables40€45k€40k▼
Other amounts receivable41€32k€33k▲
Current investments50/53€3k€3k=
Cash at bank and in hand54/58€63k€30k▼
Deferred charges and accrued income490/1€642-
Equity and liabilities
Total equity and liabilities10/49€152k€109k▼
Equity10/15€88k€55k▼
Contributions10/11€19k€19k=
Reserves13€236k€70k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€217k€51k▼
Profit (loss) carried forward14€-166k€-33k▲
Amounts payable17/49€63k€53k▼
Amounts payable within one year42/48€63k€53k▼
Trade debts44€18k€5k▼
Suppliers440/4€18k€5k▼
Taxes, remuneration and social security45€798€928▲
Taxes450/3€798€928▲
Other amounts payable47/48€45k€47k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-32k€-26k▲
Operating profit (loss)9901€-40k€-33k▲
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€252€67▼
Recurring financial charges65€252€67▼
Profit (loss) for the period before taxes9903€-41k€-33k▲
Income taxes67/77€343€471▲
Profit (loss) for the period9904€-41k€-33k▲
Profit (loss) for the period to be appropriated9905€-41k€-33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-166k€-33k▲
Profit (loss) brought forward from the previous period14P€-125k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 47 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 293 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 27.78
Current ratio from 13.71 to 27.78; short-term debt falls from €22k to €10k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 9 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Antwerpen · 1 establishment unit since 1992
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.
Jan Moorkensstraat 422600 AntwerpenGround area
233 m²
Building footprint
109 m²
Volume, LiDAR
1,151 m³
Parcel 11003A0179/00V006, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CHARLOTTE
since 19922.059.917.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0179/00V006 | Flanders | 233 m² | 1 · 109 m² | 12.3 m · 3 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 82,524 companies in sector 70200 we hold annual accounts for 52,566. 38,552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-1992
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.