CHALLENGE OFFICE PARK
ActiveCHALLENGE OFFICE PARK has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.90M and a net result of €-525k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 39% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
10
/ 100
Critical▲ +3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency15▼-12
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.55 against 0.66 in 2023), and 79.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.2%
Return on assets
-3.7%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€525k
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 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
65 d early
2022
6 d early
2021
24 d early
2020
23 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-525k▲ 28.2%
2023 · €-731k
2018: €-6k
2019: €-7k
2020: €-7k
2021: €-17k
2022: €-27k
2023: €-731k
2018 → 2024
Working capital
€-265k▼ 18.7%
2023 · €-224k
2018: €4.21M
2019: €4.21M
2020: €4.20M
2021: €4.18M
2022: €-12k
2023: €-224k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4.20M-€4.18M▼ 0.4%€4.15M▼ 0.6%€3.42M▼ 17.6%€2.90M▼ 15.3%
Operating result€-2k-€-11k▼ 624%€21k€-135k€119k
Net result€-7k-€-17k▼ 146%€-27k▼ 56.6%€-731k▼ 2,590%€-525k▲ 28.2%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €119k after a loss of €135k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €14.36M
Fixed assets
€14.03M▲ 0.2%
Current assets
€330k▼ 24.9%
Equity and liabilities €14.36M
Equity
€2.90M▼ 15.3%
Debt
€11.46M▲ 4.1%
The debt ratio rises from 76.3% to 79.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€615k▲
2023 · €172k
Cash flow
€-29k▲
2023 · €-424k
Solvency
20.2%▼
2023 · 23.7%
Current ratio
0.55▼
2023 · 0.66
Quick ratio
0.55▼
2023 · 0.66
Debt / equity
3.95▲
2023 · 3.22
ROE
-18.1%▲
2023 · -21.3%
ROA
-3.7%▲
2023 · -5.1%
Interest coverage
0.96▲
2023 · 0.29
Debt
€11.46M▲
2023 · €11.01M
Debt ≤ 1 year
€595k▼
2023 · €662k
Debt > 1 year
€10.68M▲
2023 · €10.17M
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€14.44M€14.36M▼
Fixed assets21/28€14.00M€14.03M▲
Tangible fixed assets22/27€14.00M€14.03M▲
Land and buildings22€14.00M€13.50M▼
Assets under construction and advance payments27-€527k
Current assets29/58€439k€330k▼
Amounts receivable within one year40/41€29k€302k▲
Trade receivables40€3k€302k▲
Other amounts receivable41€27k-
Cash at bank and in hand54/58€400k€1k▼
Deferred charges and accrued income490/1€9k€26k▲
Equity and liabilities
Total equity and liabilities10/49€14.44M€14.36M▼
Equity10/15€3.42M€2.90M▼
Contributions10/11€5.90M€5.90M=
Capital10€5.90M€5.90M=
Issued capital100€5.90M€5.90M=
Profit (loss) carried forward14€-2.48M€-3.00M▼
Amounts payable17/49€11.01M€11.46M▲
Amounts payable after more than one year17€10.17M€10.68M▲
Financial debts170/4€10.17M€10.68M▲
Amounts payable within one year42/48€662k€595k▼
Trade debts44€67k€73k▲
Suppliers440/4€67k€73k▲
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€596k€519k▼
Accrued charges and deferred income492/3€184k€190k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€307k€496k▲
Other operating charges640/8€172€2k▲
Gross operating margin9900€173k€617k▲
Operating profit (loss)9901€-135k€119k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€596k€644k▲
Recurring financial charges65€596k€644k▲
Profit (loss) for the period before taxes9903€-731k€-525k▲
Profit (loss) for the period9904€-731k€-525k▲
Profit (loss) for the period to be appropriated9905€-731k€-525k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.48M€-3.00M▼
Profit (loss) brought forward from the previous period14P€-1.75M€-2.48M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-731k
Net result drops to €-731k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2017
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-04-2017
AERTSSEN Gregorius: Resigned as Director
24-04-2017
CUKROWICZ Emmanuel: Resigned as Director
24-04-2017
Dirk Vercruyssen: Resigned as Director
24-04-2017
Walter Wesenbeek: Resigned as Director
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2001
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.
Alfons Van de Maelestraat 969320 AalstGround area
307 m²
Building footprint
307 m²
Volume, LiDAR
3,719 m³
Parcel 41342B0069/00L000, Flanders · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Alfons Van de Maelestraat 96, 9320 Aalst
since 20012.097.754.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0069/00L000 | Flanders | 307 m² | 1 · 307 m² | 16.4 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
9 connected companiesNetwork connections
Shared address
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Show 5 more network connections
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Of 11,979 companies in sector 68203 we hold annual accounts for 5,949. 3,246 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-12-2000
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 24 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.