CAPITAL STRATEGY
ActiveCAPITAL STRATEGY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €18k and a net result of €-1k. Equity is shrinking by ~14.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 26% of 2380 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
55 d late
2023
22 d late
2022
23 d late
2021
16 d late
2020
61 d late
2019
1 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€18k▼ 6.0%
2024 · €20k
2018: €64k
2019: €90k
2020: €94k
2021: €96k
2022: €83k
2023: €50k
2024: €20k
2018 → 2025
Net result
€-1k▲ 96.1%
2024 · €-30k
2018: €11k
2019: €32k
2020: €12k
2021: €2k
2022: €-12k
2023: €-34k
2024: €-30k
2018 → 2025
Total assets
€56k▼ 1.7%
2024 · €57k
2018: €79k
2019: €101k
2020: €123k
2021: €110k
2022: €162k
2023: €137k
2024: €57k
2018 → 2025
Solvency
32.9%▼ 1.5pp
2024 · 34.4%
2018: 81.3%
2019: 89.2%
2020: 76.7%
2021: 87.1%
2022: 51.4%
2023: 36.3%
2024: 34.4%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€83k▼ 13.0%€50k▼ 40.3%€20k▼ 60.7%€18k▼ 6.0%
Operating result€6k-€-12k€-33k▼ 182%€-30k▲ 9.0%€-648▲ 97.8%
Net result€2k-€-12k€-34k▼ 170%€-30k▲ 10.0%€-1k▲ 96.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €648 in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€54▼ 92.3%
Current assets
€56k▼ 0.6%
Equity and liabilities €56k
Equity
€18k▼ 6.0%
Debt
€37k▲ 0.5%
The debt ratio rises from 65.6% to 67.1%: debt grows while equity shrinks.
Key figures and ratios
Solvency
32.9%▼
2024 · 34.4%
ROE
-6.4%▲
2024 · -154.6%
ROA
-2.1%▲
2024 · -53.2%
Debt
€37k▲
2024 · €37k
Debt ≤ 1 year
€37k▲
2024 · €37k
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€57k€56k▼
Fixed assets21/28€696€54▼
Tangible fixed assets22/27€696€54▼
Plant, machinery and equipment23€696€54▼
Current assets29/58€56k€56k▼
Amounts receivable within one year40/41€55k€55k=
Other amounts receivable41€55k€55k=
Deferred charges and accrued income490/1€848€502▼
Equity and liabilities
Total equity and liabilities10/49€57k€56k▼
Equity10/15€20k€18k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-50k€-51k▼
Amounts payable17/49€37k€37k▲
Amounts payable within one year42/48€37k€37k▲
Financial debts43€929€1k▲
Credit institutions430/8€929€1k▲
Trade debts44€644€296▼
Suppliers440/4€644€296▼
Other amounts payable47/48€36k€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€642▼
Other operating charges640/8€14k€520▼
Gross operating margin9900€-15k€514▲
Operating profit (loss)9901€-30k€-648▲
Financial charges65/66B€462€529▲
Recurring financial charges65€462€529▲
Profit (loss) for the period before taxes9903€-30k€-1k▲
Profit (loss) for the period9904€-30k€-1k▲
Profit (loss) for the period to be appropriated9905€-30k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-51k▼
Profit (loss) brought forward from the previous period14P€-20k€-50k▼
The notes to these accounts (3 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 1.51
Current ratio from 0.65 to 1.51; short-term debt falls from €87k to €37k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 14.06
Current ratio from 5.00 to 14.06; short-term debt falls from €23k to €7k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €32k ▲182%
Operating result €35k, net result €32k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2024
This board is reconstructed from a single act (24308367). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
CYPRESS
CurrentDirector · since 05-01-2024
SPAENJAERS, Grégory Denise Ernest
CurrentDirector · since 05-01-2024
SPAENJAERS, Pascal Ida Pierre
CurrentDirector · since 05-01-2024
Grégory Spaenjaers
Not recently confirmedDirector · since 15-03-2017
Pascal Spaenjaers
Not recently confirmedDirector · since 15-03-2017
05-01-2024
CYPRESS: Appointed as Director
05-01-2024
SPAENJAERS, Grégory Denise Ernest: Appointed as Director
05-01-2024
SPAENJAERS, Pascal Ida Pierre: Appointed as Director
05-01-2024
SPAENJAERS, Pascal Ida Pierre: Appointed as Managing director
15-03-2017
Grégory Spaenjaers: Appointed as Director
15-03-2017
Pascal Spaenjaers: Appointed as Director
15-03-2017
Pascal Spaenjaers: Appointed as Managing director
15-03-2017
Jan De Wit: Resigned as Director
15-03-2017
Paul Fornoville: Resigned as Director
13-02-2015
Eric Jonkers: Resigned as Manager
11-05-2011
POTTEAU Filip: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2003
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.
Hagedoornlaan 162610 AntwerpenGround area
939 m²
Building footprint
202 m²
Volume, LiDAR
1,470 m³
Parcel 11051B0237/00F013, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAPITAL STRATEGY
since 20032.114.770.937
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0237/00F013 | Flanders | 939 m² | 1 · 202 m² | 10.2 m · 2 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 24,640 companies in sector 64210 we hold annual accounts for 19,689. 7,097 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-10-2002
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
65231
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.