COURRIER SUD
ActiveCOURRIER SUD has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €1k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 72% of 7002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+50
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.05 in 2024; short-term debt: 19.7% and cash: 0% of total assets), and 24.1% 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+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
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
75.9%
Return on assets
1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 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
40 d late
2024
49 d late
2023
1 d late
2022
3 d early
2021
4 d late
2020
18 d late
2019
25 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€79k▲ 1.3%
2024 · €78k
2018: €41k
2019: €46k
2020: €56k
2021: €71k
2022: €78k
2023: €81k
2024: €78k
2018 → 2025
Total assets
€104k▲ 1.1%
2024 · €102k
2018: €141k
2019: €122k
2020: €132k
2021: €127k
2022: €138k
2023: €141k
2024: €102k
2018 → 2025
Net result
€1k
2024 · €-4k
2018: €3k
2019: €5k
2020: €10k
2021: €14k
2022: €7k
2023: €4k
2024: €-4k
2018 → 2025
Working capital
€10k▲ 735%
2024 · €1k
2018: €-22k
2019: €-41k
2020: €2k
2021: €8k
2022: €8k
2023: €26k
2024: €1k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€78k▲ 10.4%€81k▲ 4.6%€78k▼ 4.8%€79k▲ 1.3%
Operating result€25k-€17k▼ 30.0%€13k▼ 23.9%€2k▼ 85.4%€3k▲ 49.8%
Net result€14k-€7k▼ 48.5%€4k▼ 51.7%€-4k€1k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€73k▼ 4.6%
Current assets
€31k▲ 17.7%
Equity and liabilities €104k
Equity
€79k▲ 1.3%
Debt
€25k▲ 0.5%
The debt ratio falls from 24.3% to 24.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €4k
Cash flow
€14k▲
2024 · €-2k
Solvency
75.9%▲
2024 · 75.7%
Current ratio
1.51▲
2024 · 1.05
Quick ratio
1.51▲
2024 · 1.05
Debt / equity
0.32▼
2024 · 0.32
ROE
1.3%▲
2024 · -5.1%
ROA
1.0%▲
2024 · -3.8%
Interest coverage
42.00▲
2024 · 0.77
Debt
€25k▲
2024 · €25k
Debt ≤ 1 year
€20k▼
2024 · €25k
Debt > 1 year
€5k
Income taxes
€2k▼
2024 · €2k
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€102k€104k▲
Fixed assets21/28€76k€73k▼
Tangible fixed assets22/27€76k€73k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€522€9k▲
Other tangible fixed assets26€74k€63k▼
Current assets29/58€26k€31k▲
Amounts receivable within one year40/41€21k€31k▲
Trade receivables40€1k€2k▲
Other amounts receivable41€20k€28k▲
Cash at bank and in hand54/58€107€10▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€102k€104k▲
Equity10/15€78k€79k▲
Contributions10/11€6k€6k=
Reserves13€75k€75k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14€-4k€-3k▲
Amounts payable17/49€25k€25k▲
Amounts payable after more than one year17-€5k
Financial debts170/4-€5k
Amounts payable within one year42/48€25k€20k▼
Current portion of amounts payable after more than one year42-€4k
Trade debts44€17k€11k▼
Suppliers440/4€17k€11k▼
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€8k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€13k▲
Other operating charges640/8€3k€552▼
Gross operating margin9900€7k€16k▲
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€1k€825▼
Recurring financial income75€1k€825▼
Financial charges65/66B€5k€378▼
Recurring financial charges65€5k€378▼
Profit (loss) for the period before taxes9903€-2k€3k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-4k€1k▲
Profit (loss) for the period to be appropriated9905€-4k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-3k▲
Profit (loss) brought forward from the previous period14P€397€-4k▼
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
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
2024
31-12
Financial
Weakest financial yearnet €-4k ▼210%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲42.8%
Operating result €25k, net result €14k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.05
Current ratio from 0.46 to 1.05; short-term debt falls from €76k to €50k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Erquelinnes · 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.
De France 486560 Erquelinnes1 establishment unit
De France 48, 6560 Erquelinnes
since 20012.103.194.085
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,754. 3,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-11-2000
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
74401
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:pierrelorand@mac.com