Equity
€106,020 from €373,509 in 2023
Equity fell by 72% in 2 years.
CROSSFACTORY
Part of the group
SOCIETE D'INVESTISSEMENT ET DE FINANCEMENT DU BRABANT WALLON
13 companies in 4 countries
See the group
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €331,197 (2006)
-€13,649▲ €8,644
lowest -€201,982 (2025)
-€201,982▼ €136,475
peak €373,509 (2023)
€106,020▼ 65.6%
€4.2m▲ 212%
peak 6.3 FTE (2006)
-not published
Board10 names since 2021
2 directorsINVEST.BW and 1 other
Owners
100%Lease.BW
Documentsfilings and deeds
08-06-202653 days before the deadline
2025financial year
Gross margin from -€22,292 to -€13,649Loss of €201,982Appointment: SRL DGST & Partners - Réviseurs d'entreprises (s… 18-09Equity from €308,002 to €106,020Debts from €1.4m to €4.2mInvestments €2.7m
Key points
from the 2025 annual accountsResult
-€201,982 ▼ 208%
The result fell in 2025 from -€65,506 to -€201,982.
Debts
€4.2m 98% of the balance sheet
Financial debts 98%Suppliers 2%Taxes and wages 0%
Of this, €91,205 falls due within a year.
Investments
€2.7m 40.0 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 1257.4% higher than in 2024.
Liquidity
0.48 was 48.34 in 2024
Short-term debts rose from €788 to €91,205.
Position in the sector
-€201,982
Lower net result than 85% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.
Checked score
53
Fair
Financially stronger than 21% of small companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026highest value
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Liquidity: current ratio 0.48, cash €16,467
Equity €106,020 (2.5% of total assets)
lowers risk
Size: total assets €4.3m
Figures for financial year 2025 (filed on 12-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small). It does better than 10% of them on solvency, 56% on liquidity, 12% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as CROSSFACTORY has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CROSSFACTORY itself is lower: 0.1% within 12 months. It rests on far more data about CROSSFACTORY than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for CROSSFACTORY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €5,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.48 (48.34 in 2024), below 1. Short-term debt is 2.1% and cash 0.4% of total assets. 97.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€201,982
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1691 sector peers (2025).
NBB · sector comparisonPosition among 1691 sector peers
Solvency
better than 19%
← weakest
strongest →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 days early
2024
55 days early
2023
50 days early
2022
56 days early
2021
94 days early
2020
118 days late
2019
74 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointment: SRL DGST & Partners - Réviseurs d'entreprises (statutory auditor)
Permanent representative: Michaël De Ridder · General meeting of 04-09-2025 · Gazette deed
Purpose change · Amendment of the articles · Resignations & appointments
Resignations: Société d’Investissement et de Financement du Brabant Wallon (director) and Lease.BW (director) · Reappointments: Société d’Investissement et de Financement du Brabant Wallon (director) and Lease.BW (director) · Permanent representatives: Xavier Bocquet and Corinne ESTIEVENART · General meeting of 17-07-2023 · Gazette deed
Registered office moved from Walhain to Louvain-la-Neuve
New registered office: Rue Louis de Geer n°2 à 1348 Louvain-la-Neuve · Previous registered office: Rue de l'Abbaye 28 à 1457 Walhain · Resignations: Thierry LOО, Vincent LEPAPE and François GAIGNAUX · General meeting of 29-04-2022 · Gazette deed
3 directors reappointed
François Gaignaux, Vincent Lepape and Thierry Loo (managing director) · General meeting of 05-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CROSSFACTORY Ottignies-Louvain-la-Neuve | €4.3m | -€13,649 | 2.5% | - |
| PLANET Business Center Ghent | €4.1m | -€353,195 | 58.3% | 0 |
| BLUE INTERNATIONAL Waterloo | €2.7m | -€2,255 | 2.5% | - |
| UPTIME TECHNOLOGIES Kontich | €2.6m | -€50,170 | -15.4% | 3.2 |
| CONCENTRA COMPUTER CENTER Hasselt | €5.6m | -€55,500 | 99.7% | 1.8 |
| JOIN CONSULT Zemst | €8.7m | -€49,367 | 70.9% | - |
| STREEM Ixelles | €2.1m | -€178,396 | 52.7% | - |
These companies have the same main activity as CROSSFACTORY: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2.1m and €8.7m, founded between 1983 and 2007.
Official details
Source: KBO- Status
- Active since 31-10-2000Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.094.121.2211457 Walhain, since 27-11-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €4.3m▲ 160%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Companies linked to CROSSFACTORY
Parent and group
Insights on CROSSFACTORY
CROSSFACTORY has existed since 2000. The gross margin fell from €331,197 in 2006 to €42,950 in 2007 and staff from 6.3 to 3 full-time equivalents.
Solvency fell in 2025 from 18.6% to 2.5% because of the loss and higher long-term debts.
Lease.BW holds all the shares. In May 2022, three directors stepped down.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CROSSFACTORY
- What is the company number of CROSSFACTORY?
- The company number of CROSSFACTORY is 0473.172.829. The VAT number is the same number with BE in front: BE 0473.172.829.
- Where is CROSSFACTORY based?
- The registered office is at Rue Louis de Geer 2, 1348 Ottignies-Louvain-la-Neuve.Company details
- What does CROSSFACTORY do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of CROSSFACTORY?
- CROSSFACTORY is a public limited company (NV).
- When was CROSSFACTORY founded?
- CROSSFACTORY was founded on 31-10-2000.
- Is CROSSFACTORY still active?
- Yes, CROSSFACTORY is an active enterprise in the KBO register.
- What is the turnover of CROSSFACTORY?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is CROSSFACTORY profitable?
- In financial year 2025, CROSSFACTORY made a loss of €201,982.
- Where can I find the annual accounts of CROSSFACTORY?
- CROSSFACTORY filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CROSSFACTORY due?
- CROSSFACTORY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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