BDO Southwest
ActiveBDO Southwest has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €2k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 19% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▲+4
Solvency4=
Growth85▲+18
Stability94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.13 in 2024), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
5.6%
Return on assets
0.1%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 4504 sector peers (2025).
NBB · sector comparisonPosition among 4504 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
13 d early
2022
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€117k▲ 30.0%
2024 · €90k
2022: €64k
2023: €100k
2024: €90k
2022 → 2025
EBIT margin
36.0%▼ 10.7pp
2024 · 46.7%
2022: 29.7%
2023: 43.7%
2024: 46.7%
2022 → 2025
Net result
€2k▲ 573%
2024 · €286
2022: €2k
2023: €6k
2024: €286
2022 → 2025
Working capital
€-595k▼ 22.5%
2024 · €-486k
2022: €-267k
2023: €-373k
2024: €-486k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€64k-€100k▲ 55.6%€90k▼ 9.5%€117k▲ 30.0%
Equity€102k-€108k▲ 5.8%€108k▲ 0.3%€110k▲ 1.8%
Operating result€19k-€44k▲ 129%€42k▼ 3.4%€42k▲ 0.3%
Net result€2k-€6k▲ 226%€286▼ 95.2%€2k▲ 573%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.93M▼ 1.1%
Current assets
€32k▼ 55.2%
Equity and liabilities €1.96M
Equity
€110k▲ 1.8%
Debt
€1.85M▼ 3.3%
The debt ratio falls from 94.6% to 94.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€64k▲
2024 · €64k
Cash flow
€24k▲
2024 · €22k
Solvency
5.6%▲
2024 · 5.4%
Current ratio
0.05▼
2024 · 0.13
Quick ratio
0.05▼
2024 · 0.13
Debt / equity
16.80▼
2024 · 17.68
ROE
1.7%▲
2024 · 0.3%
ROA
0.1%▲
2024 · 0.0%
Interest coverage
1.67▲
2024 · 1.67
Debt
€1.85M▼
2024 · €1.91M
Debt ≤ 1 year
€627k▲
2024 · €556k
Debt > 1 year
€1.22M▼
2024 · €1.35M
Income taxes
€804▼
2024 · €3k
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€2.02M€1.96M▼
Fixed assets21/28€1.95M€1.93M▼
Tangible fixed assets22/27€1.95M€1.93M▼
Land and buildings22€1.95M€1.93M▼
Current assets29/58€71k€32k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€42k€21k▼
Trade receivables40€42k€21k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€19k€7k▼
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€2.02M€1.96M▼
Equity10/15€108k€110k▲
Contributions10/11€100k€100k=
Profit (loss) carried forward14€8k€10k▲
Amounts payable17/49€1.91M€1.85M▼
Amounts payable after more than one year17€1.35M€1.22M▼
Financial debts170/4€1.35M€1.22M▼
Credit institutions173€1.35M€1.22M▼
Amounts payable within one year42/48€556k€627k▲
Current portion of amounts payable after more than one year42€135k€135k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€16k€35k▲
Suppliers440/4€16k€35k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Other amounts payable47/48€404k€456k▲
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Operating income70/76A€90k€117k▲
Turnover70€90k€117k▲
Operating charges60/66A€48k€75k▲
Goods for resale, raw materials and consumables60-€18k
Purchases600/8-€18k
Services and other goods61€26k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€487€968▲
Operating profit (loss)9901€42k€42k▲
Financial charges65/66B€39k€40k▲
Recurring financial charges65€39k€40k▲
Debt charges650€38k€38k=
Other financial charges652/9€796€1k▲
Profit (loss) for the period before taxes9903€3k€3k▼
Income taxes67/77€3k€804▼
Taxes670/3€3k€1k▼
Tax adjustments and reversals of tax provisions77-€196
Profit (loss) for the period9904€286€2k▲
Profit (loss) for the period to be appropriated9905€286€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€10k▲
Profit (loss) brought forward from the previous period14P€8k€8k▲
The notes to these accounts (31 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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Weakest financial yearnet €286 ▼95.2%
Net result drops to €286, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2022net €6k ▲226%
Operating result €44k, net result €6k, both a record.
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
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, Elsene
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.
de Stassartstraat 351050 ElseneGround area
5,711 m²
Building footprint
5,711 m²
Volume, LiDAR
108,111 m³
Parcel 21009A0403/00C002, Brussels · tallest building 41.5 m, ±6 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0403/00C002 | Brussels | 5,711 m² | 1 · 5,711 m² | 41.5 m · 6 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 11,702 companies in sector 68310 we hold annual accounts for 6,876. 5,182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2021
Fiscal year end30-09
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.