BEL - SET
ActiveBEL - SET has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €-4k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-32
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.28 in 2024; short-term debt: 9.5% of total assets), and 14.3% 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
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
36 d early
2023
on the day
2022
18 d early
2021
29 d late
2020
31 d late
2019
27 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€70k
EBIT margin
26.8%
Net result
€-4k
2024 · €41k
2018: €-3k
2019: €19k
2020: €15k
2021: €4k
2022: €5k
2023: €-5k
2024: €41k
2018 → 2025
Working capital
€-14k▲ 32.9%
2024 · €-21k
2018: €-82k
2019: €-63k
2020: €-51k
2021: €-54k
2022: €-64k
2023: €-52k
2024: €-21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€101k▲ 5.0%€96k▼ 4.7%€137k▲ 43.0%€133k▼ 2.8%
Operating result€9k-€13k▲ 33.5%€-2k€14k€-2k
Net result€4k-€5k▲ 24.4%€-5k€41k€-4k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155k
Fixed assets
€155k▼ 8.3%
Current assets
€769▼ 90.7%
Equity and liabilities €155k
Equity
€133k▼ 2.8%
Debt
€22k▼ 44.2%
The debt ratio falls from 22.5% to 14.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €28k
Cash flow
€10k▼
2024 · €55k
Solvency
85.7%▲
2024 · 77.5%
Current ratio
0.05▼
2024 · 0.28
Quick ratio
0.05▼
2024 · 0.28
Debt / equity
0.17▼
2024 · 0.29
ROE
-2.9%▼
2024 · 30.1%
ROA
-2.5%▼
2024 · 23.3%
Interest coverage
12.58▼
2024 · 18.38
Debt
€22k▼
2024 · €40k
Debt ≤ 1 year
€15k▼
2024 · €29k
Debt > 1 year
€7k▼
2024 · €11k
Income taxes
€930▼
2024 · €8k
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€177k€155k▼
Fixed assets21/28€169k€155k▼
Tangible fixed assets22/27€28k€15k▼
Plant, machinery and equipment23€3k€925▼
Furniture and vehicles24€26k€14k▼
Financial fixed assets28€140k€140k=
Current assets29/58€8k€769▼
Amounts receivable within one year40/41€8k€306▼
Trade receivables40€3k-
Other amounts receivable41€4k€306▼
Deferred charges and accrued income490/1€441€462▲
Equity and liabilities
Total equity and liabilities10/49€177k€155k▼
Equity10/15€137k€133k▼
Contributions10/11€6k€6k=
Reserves13€52k€52k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€79k€75k▼
Amounts payable17/49€40k€22k▼
Amounts payable after more than one year17€11k€7k▼
Financial debts170/4€11k€7k▼
Amounts payable within one year42/48€29k€15k▼
Current portion of amounts payable after more than one year42€9k€3k▼
Financial debts43€61€428▲
Credit institutions430/8€61€428▲
Trade debts44€4k€410▼
Suppliers440/4€4k€410▼
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€7k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€397€419▲
Gross operating margin9900€28k€12k▼
Operating profit (loss)9901€14k€-2k▼
Financial income75/76B€37k-
Recurring financial income75€37k-
Financial charges65/66B€2k€950▼
Recurring financial charges65€2k€950▼
Profit (loss) for the period before taxes9903€50k€-3k▼
Income taxes67/77€8k€930▼
Profit (loss) for the period9904€41k€-4k▼
Profit (loss) for the period to be appropriated9905€41k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€120k€75k▼
Profit (loss) brought forward from the previous period14P€79k€79k=
Transfer to equity691/2€41k-
To other reserves6921€41k-
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
31-12
Financial
Equity above €100kEq €137k ▲43%
Equity rises from €96k to €137k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-5k ▼199%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100kEq €101k ▲5%
4 profitable years in a row build equity to €101k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 27 days late
2019
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Incourt · 3 establishment units since 1989
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.
Rue d' Alliebroux 11315 IncourtGround area
1,932 m²
Building footprint
599 m²
Volume, LiDAR
7,841 m³
3 parcels, Brussels, Wallonia · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
Rue d' Alliebroux 1, 1315 Incourt
since 19892.043.911.348
Albertlaan 137, 1190 Vorst
since 19902.043.911.150
BROKIMO SC
since 19922.043.911.249
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086E0132/00D000 | Wallonia | 960 m² | 1 · 155 m² | 10.7 m · 3 fl. |
| 21614H0003/00E008 | Brussels | 566 m² | 1 · 277 m² | 19.5 m · 5 fl. |
| 21383B0088/00X004 | Brussels | 406 m² | 1 · 167 m² | 22.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
GBIO CONSULTING & MANAGEMENT
BE 0777.440.449
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MANAX
BE 0693.706.881
Mortsel · Eq €133k
ZINSPELING
BE 0476.353.736
Bilzen-Hoeselt · Eq €133k
2 Comply
BE 0772.562.834
Ninove · Eq €133k
Eli Consulting
BE 0793.862.945
Oudergem · Eq €133k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 40,874 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-1989
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.