CORRELATE
ActiveCORRELATE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.17M and a net result of €127k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-13
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 10.99 against 16.07 in 2024), and 9.1% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
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
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
90.9%
Return on assets
9.9%
Age of the figures
8 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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
139 d early
2023
62 d early
2022
3 d early
2021
24 d early
2020
8 d early
2019
59 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.17M▲ 12.2%
2024 · €1.04M
2018: €496k
2019: €574k
2020: €666k
2021: €712k
2022: €793k
2023: €900k
2024: €1.04M
2018 → 2025
Total assets
€1.28M▲ 15.7%
2024 · €1.11M
2018: €591k
2019: €662k
2020: €729k
2021: €738k
2022: €868k
2023: €962k
2024: €1.11M
2018 → 2025
Net result
€127k▼ 9.2%
2024 · €140k
2018: €87k
2019: €78k
2020: €91k
2021: €46k
2022: €81k
2023: €106k
2024: €140k
2018 → 2025
Working capital
€1.17M▲ 12.2%
2024 · €1.04M
2018: €461k
2019: €548k
2020: €652k
2021: €707k
2022: €791k
2023: €899k
2024: €1.04M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€712k-€793k▲ 11.4%€900k▲ 13.4%€1.04M▲ 15.5%€1.17M▲ 12.2%
Operating result€64k-€113k▲ 76.2%€149k▲ 31.6%€194k▲ 29.9%€171k▼ 11.7%
Net result€46k-€81k▲ 75.0%€106k▲ 30.9%€140k▲ 31.4%€127k▼ 9.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.28M
Fixed assets
€61▼ 50.0%
Current assets
€1.28M▲ 15.8%
Equity and liabilities €1.28M
Equity
€1.17M▲ 12.2%
Debt
€117k▲ 69.2%
The debt ratio rises from 6.2% to 9.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€171k▼
2024 · €195k
Cash flow
€127k▼
2024 · €140k
Solvency
90.9%▼
2024 · 93.8%
Current ratio
10.99▼
2024 · 16.07
Quick ratio
10.99▼
2024 · 16.07
Debt / equity
0.10▲
2024 · 0.07
ROE
10.9%▼
2024 · 13.4%
ROA
9.9%▼
2024 · 12.6%
Interest coverage
114.42▼
2024 · 467.68
Debt
€117k▲
2024 · €69k
Debt ≤ 1 year
€117k▲
2024 · €69k
Income taxes
€53k▼
2024 · €59k
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€1.11M€1.28M▲
Fixed assets21/28€122€61▼
Tangible fixed assets22/27€122€61▼
Furniture and vehicles24€122€61▼
Current assets29/58€1.11M€1.28M▲
Amounts receivable within one year40/41€15€28k▲
Trade receivables40-€21k
Other amounts receivable41€15€8k▲
Current investments50/53€859k€862k▲
Cash at bank and in hand54/58€248k€391k▲
Deferred charges and accrued income490/1€706€950▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.28M▲
Equity10/15€1.04M€1.17M▲
Contributions10/11€19k€19k=
Reserves13€1.02M€1.15M▲
Distributable reserves133€1.02M€1.15M▲
Amounts payable17/49€69k€117k▲
Amounts payable within one year42/48€69k€117k▲
Trade debts44€93€218▲
Suppliers440/4€93€218▲
Taxes, remuneration and social security45€24k€55k▲
Taxes450/3€24k€55k▲
Other amounts payable47/48€45k€62k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€756€61▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€196k€173k▼
Operating profit (loss)9901€194k€171k▼
Financial income75/76B€5k€10k▲
Recurring financial income75€5k€10k▲
Financial charges65/66B€416€1k▲
Recurring financial charges65€416€1k▲
Profit (loss) for the period before taxes9903€198k€180k▼
Income taxes67/77€59k€53k▼
Profit (loss) for the period9904€140k€127k▼
Profit (loss) for the period to be appropriated9905€140k€127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€140k€127k▼
Transfer to equity691/2€140k€127k▼
To other reserves6921€140k€127k▼
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €140k ▲31.4%
Operating result €194k, net result €140k, both a record.
31-12
Financial
Equity above €1MEq €1.04M ▲15.5%
7 profitable years in a row build equity to €1.04M.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €46k ▼49.3%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 28.78
Current ratio from 11.70 to 28.78; short-term debt falls from €61k to €25k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Equity above €500kEq €574k ▲15.8%
2 profitable years in a row build equity to €574k.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
SCHILLEMANS Luc Jean Mathilde
CurrentDirector · since 12-02-2024
12-02-2024
Appointed as Director
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2002
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.
Venstraat 242580 PutteGround area
809 m²
Building footprint
143 m²
Volume, LiDAR
796 m³
Parcel 12029C0665/00A002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Venstraat 24, 2580 Putte
since 20022.095.750.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029C0665/00A002 | Flanders | 809 m² | 1 · 143 m² | 7.9 m · 2 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
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BOUW & ENERGIE ADVIES
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INTERNATIONAL TANK MANAGEMENT TECHNOLOGIES
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Rear Window
BE 0762.549.266
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Of 2,137 companies in sector 71209 we hold annual accounts for 1,079. 538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-05-2001
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.