Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of C-24 is 1.2% (low). The 2025 annual accounts show negative equity (€-15k) and a net result of €23k. Equity is growing by ~15.2% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.2%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 23-03-2026 | 130 d early | 2026-00059764 |
| 31-12-2024 | 31-07-2025 | 28-08-2025 | 28 d late | 2025-00424359 |
| 31-12-2023 | 31-07-2024 | 27-08-2024 | 27 d late | 2024-00399867 |
| 31-12-2022 | 31-07-2023 | 10-08-2023 | 10 d late | 2023-00325859 |
| 31-12-2021 | 31-07-2022 | 08-11-2022 | 100 d late | 2022-20518063 |
| 31-12-2020 | 31-07-2021 | 31-08-2021 | 31 d late | 2021-62500392 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€23k
Working capital€-17k+58.1%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 23-03-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~15.2%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€18k
-
20-25
€23k
-
20-25
€24k
-
20-25
€505k
+34.3%
20-25
€-15k
+59.9%
20-25
€-17k
+58.1%
20-25
4
+17.1%
20-25
€355k
+8.8%
20-25
Show 10 other metrics
€120
-11.4%
20-25
€520k
+25.6%
20-25
€520k
+25.6%
20-25
0.97
+7.3%
20-25
0.97
+7.3%
20-25
-3.1%
+70.1%
20-25
-33.78
-212.8%
20-25
-149.1%
-
20-25
4.5%
-
20-25
0.91
-
20-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €18k |
| Net profit | €23k |
| Cash flow | €24k |
| Staff costs | €355k |
| Income taxes | €120 |
| Dividends | - |
| Total assets | €505k |
| Equity | €-15k |
| Debt | €520k |
| of which ≤ 1y | €520k |
| of which > 1y | - |
| Working capital | €-17k |
| Employees (FTE) | 4.1 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.97 |
| Quick ratio | 0.97 |
| Working capital ratio | -3.4% |
| Solvency | -3.1% |
| Debt / equity | -33.78 |
| Long-term debt ratio | - |
| Interest coverage | 0.91 |
| Gross margin | - |
| Net margin | - |
| ROA | 4.5% |
| ROE | -149.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €505k |
| Fixed assets | 21/28 | €2k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €1 |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €503k |
| Amounts receivable within one year | 40/41 | €502k |
| Cash & bank | 54/58 | €0 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €505k |
| Equity | 10/15 | €-15k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-25k |
| Amounts payable | 17/49 | €520k |
| Amounts payable within one year | 42/48 | €520k |
| Trade debts payable within one year | 44 | €6k |
| Income statement | ||
| Gross operating margin | 9900 | €372k |
| Operating result | 9901 | €17k |
| Financial income | 75 | €26k |
| Financial charges | 65 | €19k |
| Result before taxes | 9903 | €23k |
| Income taxes | 67/77 | €120 |
| Net result for the period | 9904 | €23k |
| Result to be appropriated | 9905 | €23k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed3
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
5 directors9 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
Current27-11-2024 → present
-
Current22-03-2024 → present
-
Current24-10-2023 → present
-
Current01-07-2022 → present
-
Current01-07-2022 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| Moore AuditCurrent Statutory auditor · represented by Pieterjan Boeykens |
- | 27-02-2026 → present |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Opsporings- en particuliere beveiligingsdiensten(80010) |
| Legal form | Private limited company(610) |
| Incorporation | 17-01-2020 |
| Status | Active |
| Postal code | 2850 |
Locations & real estate
Registered office
on the map · from the address registerParcels1
Ground area8,438 m²
Buildings1
Building footprint3,448 m²
Volume (LiDAR)19,880 m³
Tallest building7.2 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005A0292/00G000 | Flanders | 8,438 m² | 1 · 3,448 m² | 7.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
9 acts Address history · 1
13-12-2022
v3.2
All acts · 9
updated 3 months ago
2026
05-05-2026 Merger · Purpose change · Accounting effect · Power of attorney
- Filing: 2026-04-28 · BAUWATCH BELGIË
- Merger: date: 2026-03-09, type: fusion_by_absorptionproposed · C-24
- Merger: type: dissolution_without_liquidation, description: ontbinding zonder vereffeningproposed · C-24
- Purpose change: new_purpose: De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening, voor rekening van derden of in deelneming met derden, alle verrichtingen die, algemeen genomen op een of andere wijze verband houden met: 1. Het verrichten van alle activiteiten inzake beveiliging en private bewaking in de ruimste zin van woord... 10. De vennootschap mag alle commerciële, industriële, financiële, roerende en onroerende verrichtingen stellen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp...proposed · BAUWATCH BELGIË
- Accounting effect: 2026-01-01proposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, scope: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Publication: 2026-05-05
- Act object: NEERLEGGING VOORSTEL INZAKE DE MET FUSIE DOOR OVERNEMING
Summary:
Merger · Purpose change · Accounting effect · Power of attorney
05-05-2026 Merger · Accounting effect · Purpose change · Power of attorney
- Filing: 2026-03-27 · C-24
- Merger: date: 2026-03-09, type: fusion_by_absorptionproposed · C-24
- Accounting effect: 2026-01-01proposed · C-24
- Purpose change: new_purpose: De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening, voor rekening van derden of in deelneming met derden, alle verrichtingen die, algemeen genomen op een of andere wijze verband houden met: 1. Het verrichten van alle activiteiten inzake beveiliging en private bewaking in de ruimste zin van het woord... 10. De vennootschap mag alle commerciële, industriële, financiële, roerende en onroerende verrichtingen stellen die rechtstreeks of onrechtstreeks verband houden met haar voorwerp...proposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · C-24
- Power of attorney: date: 2026-03-09, purpose: neerlegging en de publicatie van het fusievoorstelproposed · BAUWATCH BELGIË
- Publication: 2026-05-05
- Act object: NEERLEGGING VOORSTEL INZAKE DE MET FUSIE DOOR OVERNEMING
Summary:
Merger · Accounting effect · Purpose change · Power of attorney
27-02-2026 Pieterjan Boeykens appointed as statutory auditor
2024
27-12-2024 Arjan Lammers appointed as director
06-05-2024 Johan Vrydag appointed as director
2023
17-11-2023 Ghelani Shital Bhagwanji appointed as director
2022
13-12-2022 Registered office moved from Brasschaat to Boom
- Kapelsesteenweg 292-293, 2930 Brasschaat → Scheldweg 8, 2850 Boom
Summary:
v3.2
01-08-2022 2 directors appointed
- Philip John Frederick Doyle, Bestuurder
- Laurent Michel Cauvin, Bestuurder
Summary:
v3.2
2020
21-01-2020 Incorporation of a new BV
Summary:
oprichting
Analysis
Financial profile
5 of 5 axes measured45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
3
Profitability
0
Solvency
44
Growth
78
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 57 of the 696 companies in this sector. 9 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Opsporings- en particuliere beveiligingsdiensten80010Particuliere beveiliging80100Algemene elektrotechnische installatiewerken43211Holdings64200Activiteiten van holdings64210Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Beveiligingsactiviteiten, neg80090Diensten in verband met beveiligingssystemen80200Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | C-24 |
Registered office
Scheldeweg 8
2850 Boom, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.