CHALLENGEWORKS
ActiveCHALLENGEWORKS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €139k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 75% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 4.74 against 2.58 in 2024), and 20.8% 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 →
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
79.2%
Return on assets
52.1%
Age of the figures
8 mo
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
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
8 d early
2023
40 d early
2022
17 d early
2021
17 d early
2020
43 d early
2019
63 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 28.6%
2024 · €164k
2021: €140k
2022: €115k
2023: €164k
2024: €164k
2021 → 2025
Total assets
€266k▲ 1.0%
2024 · €263k
2021: €170k
2022: €248k
2023: €237k
2024: €263k
2021 → 2025
Net result
€139k▲ 63.0%
2024 · €85k
2021: €23k
2022: €97k
2023: €65k
2024: €85k
2021 → 2025
Working capital
€207k▲ 34.0%
2024 · €155k
2021: €154k
2022: €84k
2023: €181k
2024: €155k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€115k▼ 18.2%€164k▲ 42.7%€164k=€210k▲ 28.6%
Operating result€33k-€129k▲ 294%€87k▼ 32.7%€106k▲ 22.1%€200k▲ 88.2%
Net result€23k-€97k▲ 332%€65k▼ 33.4%€85k▲ 31.2%€139k▲ 63.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 88% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266k
Fixed assets
€3k▼ 71.2%
Current assets
€263k▲ 4.1%
Equity and liabilities €266k
Equity
€210k▲ 28.6%
Debt
€55k▼ 44.3%
The debt ratio falls from 37.8% to 20.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€209k▲
2024 · €116k
Cash flow
€147k▲
2024 · €94k
Solvency
79.2%▲
2024 · 62.2%
Current ratio
4.74▲
2024 · 2.58
Quick ratio
4.74▲
2024 · 2.58
Debt / equity
0.26▼
2024 · 0.61
ROE
65.9%▲
2024 · 52.0%
ROA
52.1%▲
2024 · 32.3%
Interest coverage
47.27▼
2024 · 262.73
Debt
€55k▼
2024 · €100k
Debt ≤ 1 year
€55k▼
2024 · €98k
Income taxes
€58k▲
2024 · €25k
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
Total assets
20/58€263k€266k▲
Fixed assets
21/28€11k€3k▼
Tangible fixed assets
22/27€11k€3k▼
Financial fixed assets
28€80€80=
Current assets
29/58€253k€263k▲
Amounts receivable within one year
40/41€75k€37k▼
Investments
50/53€80k€80k=
Cash & bank
54/58€98k€145k▲
Total equity & liabilities
10/49€263k€266k▲
Equity
10/15€164k€210k▲
Contributions / capital
10/11€13k€13k=
Reserves
13€151k€198k▲
Amounts payable
17/49€100k€55k▼
Amounts payable within one year
42/48€98k€55k▼
Trade debts payable within one year
44€42k€26k▼
Income statement
Code20242025
Gross operating margin
9900€118k€211k▲
Operating result
9901€106k€200k▲
Financial income
75€4k€1k▼
Financial charges
65€441€4k▲
Result before taxes
9903€110k€197k▲
Income taxes
67/77€25k€58k▲
Net result for the period
9904€85k€139k▲
Result to be appropriated
9905€85k€139k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €139k ▲63%
Operating result €200k, net result €139k, both a record.
31-12
Financial
Equity above €200kEq €210k ▲28.6%
5 profitable years in a row build equity to €210k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 6.07
Current ratio from 1.63 to 6.07; short-term debt falls from €133k to €36k.
31-12
Financial
Equity above €150kEq €164k ▲42.7%
3 profitable years in a row build equity to €164k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 82,118 companies in sector 70200 we hold annual accounts for 51,404. 39,101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2009
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 31-07-2026. Scores and ratios are computed by Checked and are not a credit decision.