CATALYST
ActiveCATALYST has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.76M and a net result of €155k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 3161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+10
Solvency72▲+8
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.59 in 2024), and 48.1% 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
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 →
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 · 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
51.9%
Return on assets
2.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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 · 3 filingsDeviation from the deadline
2025
33 d late
2024
30 d early
2023
69 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€155k▲ 97.0%
2024 · €79k
2023: €123k
2024: €79k
2023 → 2025
Working capital
€-99k▲ 69.5%
2024 · €-326k
2023: €-132k
2024: €-326k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3.12M-€3.60M▲ 15.3%€3.76M▲ 4.3%
Operating result€259k-€168k▼ 35.2%€113k▼ 32.7%
Net result€123k-€79k▼ 36.2%€155k▲ 97.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 33% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.23M
Fixed assets
€6.33M▼ 5.6%
Current assets
€904k▲ 96.7%
Equity and liabilities €7.23M
Equity
€3.76M▲ 4.3%
Debt
€3.48M▼ 2.4%
The debt ratio falls from 49.7% to 48.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€113k▼
2024 · €168k
Cash flow
€155k▲
2024 · €79k
Solvency
51.9%▲
2024 · 50.3%
Current ratio
0.90▲
2024 · 0.59
Quick ratio
0.90▲
2024 · 0.59
Debt / equity
0.93▼
2024 · 0.99
ROE
4.1%▲
2024 · 2.2%
ROA
2.1%▲
2024 · 1.1%
Interest coverage
0.77▼
2024 · 0.90
Debt
€3.48M▼
2024 · €3.56M
Debt ≤ 1 year
€1.00M▲
2024 · €785k
Debt > 1 year
€2.48M▼
2024 · €2.78M
Income taxes
€27k▼
2024 · €34k
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€7.17M€7.23M▲
Fixed assets21/28€6.71M€6.33M▼
Tangible fixed assets22/27€250€163▼
Furniture and vehicles24€250€163▼
Financial fixed assets28€6.71M€6.33M▼
Current assets29/58€459k€904k▲
Amounts receivable within one year40/41€385k€382k▼
Trade receivables40€377k€51k▼
Other amounts receivable41€8k€331k▲
Cash at bank and in hand54/58€48k€519k▲
Deferred charges and accrued income490/1€26k€3k▼
Equity and liabilities
Total equity and liabilities10/49€7.17M€7.23M▲
Equity10/15€3.60M€3.76M▲
Contributions10/11€3.40M€3.40M=
Capital10€3.40M€3.40M=
Issued capital100€3.40M€3.40M=
Reserves13€211k-
Tax-exempt reserves132€211k-
Profit (loss) carried forward14€-9k€356k▲
Amounts payable17/49€3.56M€3.48M▼
Amounts payable after more than one year17€2.78M€2.48M▼
Financial debts170/4€2.78M€2.48M▼
Amounts payable within one year42/48€785k€1.00M▲
Current portion of amounts payable after more than one year42€537k€563k▲
Trade debts44€230k€111k▼
Suppliers440/4€230k€111k▼
Taxes, remuneration and social security45€16k€23k▲
Taxes450/3€16k€23k▲
Other amounts payable47/48€3k€306k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11€87▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€170k€115k▼
Operating profit (loss)9901€168k€113k▼
Financial income75/76B€131k€215k▲
Recurring financial income75€131k€215k▲
Financial charges65/66B€186k€147k▼
Recurring financial charges65€186k€147k▼
Profit (loss) for the period before taxes9903€113k€181k▲
Income taxes67/77€34k€27k▼
Profit (loss) for the period9904€79k€155k▲
Transfer from tax-exempt reserves789-€211k
Profit (loss) for the period to be appropriated9905€79k€365k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€356k▲
Profit (loss) brought forward from the previous period14P€-87k€-9k▲
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
Next filing, fiscal year 2026, expected by
2026
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 33 days late
2025
31-12
Financial
Highest result since 2023net €155k ▲97%
Net result €155k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €79k ▼36.2%
Net result drops to €79k, the lowest in the series; recovery starts the following year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Hassan AYED
CurrentDirector · since 31-01-2023
SOGINVEST
CurrentDirector · since 31-01-2023 · Private limited company · perm. rep.: Jean ROLIN JACQUEMYNS
31-01-2023
Hassan AYED: Appointed as Director
31-01-2023
SOGINVEST: Appointed as Director
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2022
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.
Tulpenplein 151070 AnderlechtGround area
3.5 ha
Parcel 21307F0207/00E000, Brussels. Linked by address, not a title deed.
1 establishment unit
CATALYST
since 20222.340.378.287
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0207/00E000 | Brussels | 3.5 ha | - | - |
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.
Similar companies · same sector, comparable size
KORFIMA
BE 0438.220.264
Kortrijk · Eq €3.76M
VERDONCK PERSONEELSMANAGEMENT
BE 0456.611.464
Wervik · Eq €3.76M
Hof Ter Heyde
BE 0644.991.305
Kruisem · Eq €3.75M
Agrer
BE 0400.501.419
Elsene · Eq €3.76M
Mysie
BE 0860.074.650
Chaudfontaine · Eq €3.75M
Of 82,218 companies in sector 70200 we hold annual accounts for 52,395. 13,621 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.