BELGIUM VALUE ADDED I
ActiveBELGIUM VALUE ADDED I has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.96M and a net result of €-4k. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 686 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▲+3
Solvency100▲+82
Growth52=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 0.18 in 2023; short-term debt: 1.8% of total assets), and 1.8% 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
15 d early
2022
158 d late
2021
59 d early
2020
101 d late
2019
180 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4k▲ 68.5%
2023 · €-14k
2018: €276k
2019: €317k
2020: €-261k
2021: €-609k
2022: €-3k
2023: €-14k
2018 → 2024
Working capital
€18k
2023 · €-174k
2018: €-791k
2019: €-1.10M
2020: €-2.00M
2021: €-2.82M
2022: €329k
2023: €-174k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-1.70M-€-253k▲ 85.1%€-256k▼ 1.2%€-270k▼ 5.3%€3.96M
Operating result€62k-€124k▲ 98.2%€108k▼ 12.7%€123k▲ 13.6%€99k▼ 19.6%
Net result€-261k-€-609k▼ 134%€-3k▲ 99.5%€-14k▼ 347%€-4k▲ 68.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.03M
Fixed assets
€3.94M▼ 1.5%
Current assets
€90k▲ 139%
Equity and liabilities €4.03M
Equity
€3.96M
Debt
€72k
Debt finances 1.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€232k▼
2023 · €254k
Cash flow
€129k▲
2023 · €117k
Solvency
98.2%▲
2023 · -6.7%
Current ratio
1.25▲
2023 · 0.18
Quick ratio
1.25▲
2023 · 0.18
Debt / equity
0.02▲
2023 · -15.97
ROE
-0.1%
ROA
-0.1%▲
2023 · -0.3%
Interest coverage
2.25▲
2023 · 1.86
Debt
€72k▼
2023 · €4.31M
Debt ≤ 1 year
€72k▼
2023 · €212k
Debt > 1 year
€0▼
2023 · €4.10M
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€4.04M€4.03M▼
Fixed assets21/28€4.00M€3.94M▼
Tangible fixed assets22/27€4.00M€3.94M▼
Land and buildings22€3.65M€3.94M▲
Assets under construction and advance payments27€347k€0▼
Current assets29/58€38k€90k▲
Amounts receivable within one year40/41€36k€88k▲
Trade receivables40€36k€0▼
Other amounts receivable41-€88k
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€4.04M€4.03M▼
Equity10/15€-270k€3.96M▲
Contributions10/11€100k€4.33M▲
Capital10€100k€4.33M▲
Issued capital100€100k€4.33M▲
Reserves13€1.84M€1.84M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€1.82M€1.82M=
Distributable reserves133€21k€21k=
Profit (loss) carried forward14€-2.21M€-2.22M▼
Amounts payable17/49€4.31M€72k▼
Amounts payable after more than one year17€4.10M€0▼
Other amounts payable178/9€4.10M€0▼
Amounts payable within one year42/48€212k€72k▼
Trade debts44€176k€37k▼
Suppliers440/4€176k€37k▼
Taxes, remuneration and social security45€18k€17k▼
Taxes450/3€18k€17k▼
Other amounts payable47/48€17k€18k▲
Income statement
Code20232024
Non-recurring operating income76A-€623
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€133k▲
Other operating charges640/8€94k€99k▲
Gross operating margin9900€347k€331k▼
Operating profit (loss)9901€123k€99k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€136k€103k▼
Recurring financial charges65€136k€103k▼
Profit (loss) for the period before taxes9903€-14k€-4k▲
Profit (loss) for the period9904€-14k€-4k▲
Profit (loss) for the period to be appropriated9905€-14k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.21M€-2.22M▼
Profit (loss) brought forward from the previous period14P€-2.20M€-2.21M▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 7current ratio 1.25
Current ratio from 0.18 to 1.25; short-term debt falls from €212k to €72k.
31-12
Financial
Equity above €2MEq €3.96M
Equity rises from €-270k to €3.96M.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 158 days late
2022
31-12
Financial
Liquidity times 13current ratio 3.35
Current ratio from 0.25 to 3.35; short-term debt falls from €3.79M to €140k.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-609k
Net result drops to €-609k, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 101 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 180 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 362 days late
2019
31-12
Financial
Highest result since 2018net €317k ▲14.8%
Operating result €514k, net result €317k, both a record.
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 221 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
21 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, Watermaal-Bosvoorde · 1 establishment unit since 2004
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.
Terhulpsesteenweg 1781170 Watermaal-BosvoordeGround area
3,964 m²
Building footprint
1,162 m²
Volume, LiDAR
29,261 m³
2 parcels, Brussels · tallest building 30.0 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
LOSANCAR BELGIUM
since 20042.139.555.229
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0053/00H003 | Brussels | 3,732 m² | 1 · 955 m² | 29.5 m · 8 fl. |
| 21804D1419/00M002 | Brussels | 232 m² | 1 · 207 m² | 30.0 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,280 companies in sector 81100 we hold annual accounts for 678. 294 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-11-2002
Fiscal year end31-12
Activities, NACEBEL
70321
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.