Chainsource
ActiveChainsource has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310k and a net result of €754k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 2027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency53▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.59 in 2024; short-term debt: 72.4% and cash: 89.3% of total assets), and 72.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
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
27.6%
Return on assets
67.2%
Age of the figures
9 mo
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 08-04-2026, 114 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
114 d early
2024
72 d early
2023
33 d early
2022
7 d late
2021
7 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€310k=
2024 · €310k
2021: €158k
2022: €310k
2023: €522k
2024: €310k
2021 → 2025
Total assets
€1.12M▲ 41.5%
2024 · €793k
2021: €251k
2022: €475k
2023: €595k
2024: €793k
2021 → 2025
Net result
€754k▲ 70.9%
2024 · €441k
2021: €153k
2022: €152k
2023: €212k
2024: €441k
2021 → 2025
Working capital
€295k▲ 4.2%
2024 · €283k
2021: €157k
2022: €260k
2023: €484k
2024: €283k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€310k▲ 96.2%€522k▲ 68.3%€310k▼ 40.6%€310k=
Operating result€221k-€218k▼ 1.3%€279k▲ 27.7%€586k▲ 111%€939k▲ 60.1%
Net result€153k-€152k▼ 0.6%€212k▲ 39.3%€441k▲ 108%€754k▲ 70.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€16k▼ 43.3%
Current assets
€1.11M▲ 44.5%
Equity and liabilities €1.12M
Equity
€310k=
Debt
€812k▲ 68.1%
The debt ratio rises from 60.9% to 72.4%. Debt is higher.
Key figures and ratios
EBITDA
€951k▲
2024 · €598k
Cash flow
€766k▲
2024 · €453k
Solvency
27.6%▼
2024 · 39.1%
Current ratio
1.36▼
2024 · 1.59
Quick ratio
1.36▼
2024 · 1.59
Debt / equity
2.62▲
2024 · 1.56
ROE
243.2%▲
2024 · 142.3%
ROA
67.2%▲
2024 · 55.7%
Interest coverage
8032.59▲
2024 · 3086.97
Debt
€812k▲
2024 · €483k
Debt ≤ 1 year
€812k▲
2024 · €483k
Income taxes
€231k▲
2024 · €148k
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€793k€1.12M▲
Fixed assets21/28€28k€16k▼
Tangible fixed assets22/27€28k€16k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€28k€16k▼
Current assets29/58€766k€1.11M▲
Amounts receivable within one year40/41€25k€103k▲
Trade receivables40€25k€85k▲
Other amounts receivable41€190€17k▲
Current investments50/53€308k€0▼
Cash at bank and in hand54/58€431k€1.00M▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€793k€1.12M▲
Equity10/15€310k€310k=
Contributions10/11€5k€5k=
Reserves13€305k€305k=
Distributable reserves133€305k€305k=
Profit (loss) carried forward14€0€0=
Amounts payable17/49€483k€812k▲
Amounts payable within one year42/48€483k€812k▲
Financial debts43€502€30▼
Credit institutions430/8€502€30▼
Trade debts44€265€249▼
Suppliers440/4€265€249▼
Taxes, remuneration and social security45€35k€57k▲
Taxes450/3€35k€57k▲
Other amounts payable47/48€447k€754k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€911€1k▲
Non-recurring operating charges66A€215€0▼
Gross operating margin9900€599k€952k▲
Operating profit (loss)9901€586k€939k▲
Financial income75/76B€3k€47k▲
Recurring financial income75€3k€47k▲
Financial charges65/66B€194€118▼
Recurring financial charges65€194€118▼
Profit (loss) for the period before taxes9903€589k€986k▲
Income taxes67/77€148k€231k▲
Profit (loss) for the period9904€441k€754k▲
Profit (loss) for the period to be appropriated9905€441k€754k▲
Appropriation of the result
Profit (loss) to be appropriated9906€653k€754k▲
Profit (loss) brought forward from the previous period14P€212k€0▼
Profit to be distributed694/7€653k€754k▲
Return on contributions (dividend)694€653k€754k▲
The notes to these accounts (4 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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €754k ▲70.9%
Operating result €939k, net result €754k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 7.63
Current ratio from 2.58 to 7.63; short-term debt falls from €165k to €73k.
31-12
Financial
Equity above €500kEq €522k ▲68.3%
3 profitable years in a row build equity to €522k.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet €152k ▼0.6%
Net result drops to €152k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €310k ▲96.2%
2 profitable years in a row build equity to €310k.
24-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Gent · 1 establishment unit since 2020
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.
Aannemersstraat 189040 GentGround area
87 m²
Building footprint
70 m²
Volume, LiDAR
626 m³
Parcel 44432C1147/00P007, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chainsource
since 20202.305.249.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C1147/00P007 | Flanders | 87 m² | 1 · 70 m² | 15.2 m · 3 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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MOBILO
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Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 842 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL
85599Other education
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.