CONTEXT
ActiveCONTEXT has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.36M and a net result of €29k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 9584 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
81
/ 100
Excellent▼ -19 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▼-99
Solvency99=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1M at 30 days acceptable
Liquidity ample (current ratio 3.09 against 5.42 in 2023), and 42% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2024Solvency, return and age of the figures
Solvency
58%
Return on assets
0.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 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
not confirmed
2024
88 d late
2023
83 d late
2022
50 d late
2021
58 d late
2020
29 d late
2019
5 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€12.36M▲ 0.2%
2023 · €12.33M
2019: €8.39M
2020: €8.40M
2021: €8.38M
2022: €8.45M
2023: €12.33M
2019 → 2024
Total assets
€21.32M▲ 1.5%
2023 · €21.00M
2019: €14.92M
2020: €13.65M
2021: €12.46M
2022: €11.59M
2023: €21.00M
2019 → 2024
Net result
€29k▼ 99.2%
2023 · €3.89M
2019: €-182k
2020: €5k
2021: €-12k
2022: €62k
2023: €3.89M
2019 → 2024
Working capital
€3.38M▼ 22.5%
2023 · €4.37M
2019: €1.23M
2020: €1.12M
2021: €1.16M
2022: €1.04M
2023: €4.37M
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8.40M-€8.38M▼ 0.1%€8.45M▲ 0.7%€12.33M▲ 46.0%€12.36M▲ 0.2%
Operating result€26k-€-13k€-829▲ 93.4%€5.02M€110k▼ 97.8%
Net result€5k-€-12k€62k€3.89M▲ 6,133%€29k▼ 99.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 98% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.32M
Fixed assets
€16.31M▲ 4.3%
Current assets
€5.00M▼ 6.5%
Equity and liabilities €21.32M
Equity
€12.36M▲ 0.2%
Provisions
€1.30M▼ 4.4%
Debt
€7.65M▲ 4.8%
The debt ratio rises from 34.8% to 35.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€512k▼
2023 · €5.49M
Cash flow
€431k▼
2023 · €4.36M
Solvency
58.0%▼
2023 · 58.7%
Current ratio
3.09▼
2023 · 5.42
Quick ratio
3.09▼
2023 · 5.42
Debt / equity
0.62▲
2023 · 0.59
ROE
0.2%▼
2023 · 31.5%
ROA
0.1%▼
2023 · 18.5%
Interest coverage
2.32▼
2023 · 143.86
Debt
€7.65M▲
2023 · €7.31M
Debt ≤ 1 year
€1.62M▲
2023 · €989k
Debt > 1 year
€5.77M▼
2023 · €6.05M
Income taxes
€80k▼
2023 · €83k
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€21.00M€21.32M▲
Fixed assets21/28€15.65M€16.31M▲
Intangible fixed assets21-€75k
Tangible fixed assets22/27€8.75M€8.38M▼
Land and buildings22€6.01M€5.83M▼
Plant, machinery and equipment23€25k€25k=
Other tangible fixed assets26€2.71M€2.52M▼
Financial fixed assets28€6.90M€7.86M▲
Current assets29/58€5.36M€5.00M▼
Amounts receivable after more than one year29-€635k
Other amounts receivable291-€635k
Amounts receivable within one year40/41€4.89M€3.61M▼
Trade receivables40€1.55M€1.53M▼
Other amounts receivable41€3.34M€2.08M▼
Current investments50/53€91k€241k▲
Cash at bank and in hand54/58€15k€2k▼
Deferred charges and accrued income490/1€361k€517k▲
Equity and liabilities
Total equity and liabilities10/49€21.00M€21.32M▲
Equity10/15€12.33M€12.36M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€3.68M€3.49M▼
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Tax-exempt reserves132€3.66M€3.48M▼
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€8.56M€8.77M▲
Provisions and deferred taxes16€1.36M€1.30M▼
Provisions for liabilities and charges160/5€139k€139k=
Pensions and similar obligations160€139k€139k=
Deferred taxes168€1.22M€1.16M▼
Amounts payable17/49€7.31M€7.65M▲
Amounts payable after more than one year17€6.05M€5.77M▼
Financial debts170/4€6.05M€5.77M▼
Amounts payable within one year42/48€989k€1.62M▲
Current portion of amounts payable after more than one year42€306k€302k▼
Trade debts44€73k€413k▲
Suppliers440/4€73k€413k▲
Taxes, remuneration and social security45€101k€181k▲
Taxes450/3€101k€181k▲
Other amounts payable47/48€509k€724k▲
Accrued charges and deferred income492/3€266k€267k▲
Income statement
Code20232024
Non-recurring operating income76A€5.04M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€472k€402k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-156k-
Other operating charges640/8€45k€66k▲
Non-recurring operating charges66A€180k-
Gross operating margin9900€5.56M€578k▼
Operating profit (loss)9901€5.02M€110k▼
Financial income75/76B€210k€159k▼
Recurring financial income75€210k€159k▼
Non-recurring financial income76B€1€4▲
Financial charges65/66B€38k€221k▲
Recurring financial charges65€38k€221k▲
Profit (loss) for the period before taxes9903€5.19M€48k▼
Transfer from deferred taxes780€31k€60k▲
Transfer to deferred taxes680€1.25M-
Income taxes67/77€83k€80k▼
Profit (loss) for the period9904€3.89M€29k▼
Transfer from tax-exempt reserves789€93k€181k▲
Transfer to tax-exempt reserves689€3.76M-
Profit (loss) for the period to be appropriated9905€224k€211k▼
Appropriation of the result
Profit (loss) to be appropriated9906€8.56M€8.77M▲
Profit (loss) brought forward from the previous period14P€8.33M€8.56M▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 88 days late
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 83 days late
2023
31-12
Financial
Highest result since 2019net €3.89M ▲6133%
Operating result €5.02M, net result €3.89M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.42
Current ratio from 1.91 to 5.42; short-term debt falls from €1.14M to €989k.
31-12
Financial
Equity above €10MEq €12.33M ▲46%
2 profitable years in a row build equity to €12.33M.
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
31-01
Financial
Back to profitnet €62k
Net result €62k after one loss-making year.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 58 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
31-01
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 32 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 128 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 494 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are 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, Evergem · 1 establishment unit since 1987
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.
Noorwegenstraat 179940 EvergemGround area
1.1 ha
Building footprint
5,967 m²
Volume, LiDAR
62,261 m³
Parcel 44019B0621/00A000, Flanders · tallest building 15.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noorwegenstraat 17, 9940 Evergem
since 19872.030.946.507
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0621/00A000 | Flanders | 1.1 ha | 1 · 5,967 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.
Similar companies · same sector, comparable size
FABRIMODE
BE 0441.904.977
Deerlijk · Eq €12.65M
AMERICAN CLOTHING DISTRIBUTION
BE 0476.693.731
Evergem · Eq €13.04M
STRATIMCO
BE 0879.859.581
Oostende · Eq €11.44M
IMPULSE
BE 0438.178.890
Ronse · Eq €11.02M
BELLEROSE BELGIUM
BE 0442.058.395
Ukkel · Eq €14.01M
Of 6,457 companies in sector 47716 we hold annual accounts for 2,423. 178 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-05-1987
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 35 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.