D - FI
ActiveD - FI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.97M and a net result of €1.67M. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+12
Solvency48▼-2
Growth66▼-2
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.24 in 2024; short-term debt: 68.7% and cash: 27% of total assets), and 77.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
22.7%
Return on assets
12.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2029 sector peers (2025).
NBB · sector comparisonPosition among 2029 sector peers
Solvency
better than 23%
← 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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
28 d early
2023
29 d early
2022
24 d early
2021
6 d early
2020
40 d early
2019
30 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€15.29M▲ 5.6%
2024 · €14.48M
2018: €5.72M
2019: €9.40M
2020: €5.61M
2021: €20.12M
2022: €6.30M
2023: €14.15M
2024: €14.48M
2018 → 2025
EBIT margin
15.0%▲ 7.4pp
2024 · 7.7%
2018: 23.9%
2019: 12.5%
2020: 22.3%
2021: 11.1%
2022: 20.1%
2023: 5.1%
2024: 7.7%
2018 → 2025
Net result
€1.67M▲ 25.9%
2024 · €1.32M
2018: €1.02M
2019: €896k
2020: €944k
2021: €1.68M
2022: €864k
2023: €604k
2024: €1.32M
2018 → 2025
Working capital
€1.08M▼ 42.8%
2024 · €1.88M
2018: €284k
2019: €518k
2020: €675k
2021: €1.29M
2022: €1.46M
2023: €2.38M
2024: €1.88M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€20.12M-€6.30M▼ 68.7%€14.15M▲ 125%€14.48M▲ 2.3%€15.29M▲ 5.6%
Equity€4.41M-€4.53M▲ 2.6%€5.13M▲ 13.3%€3.21M▼ 37.5%€2.97M▼ 7.3%
Operating result€2.23M-€1.27M▼ 43.2%€723k▼ 43.0%€1.11M▲ 53.9%€2.30M▲ 107%
Net result€1.68M-€864k▼ 48.5%€604k▼ 30.1%€1.32M▲ 119%€1.67M▲ 25.9%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 107% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.10M
Fixed assets
€3.02M▼ 4.3%
Current assets
€10.08M▲ 3.0%
Equity and liabilities €13.10M
Equity
€2.97M▼ 7.3%
Provisions
€378k▲ 5.9%
Debt
€9.75M▲ 3.9%
The debt ratio rises from 72.5% to 74.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2.64M▲
2024 · €1.45M
Cash flow
€2.01M▲
2024 · €1.67M
Solvency
22.7%▼
2024 · 24.8%
Current ratio
1.12▼
2024 · 1.24
Quick ratio
1.11▼
2024 · 1.23
Debt / equity
3.28▲
2024 · 2.92
ROE
56.1%▲
2024 · 41.3%
ROA
12.7%▲
2024 · 10.2%
Interest coverage
100.66▲
2024 · 42.43
Debt
€9.75M▲
2024 · €9.38M
Debt ≤ 1 year
€9.00M▲
2024 · €7.91M
Debt > 1 year
€739k▼
2024 · €1.47M
Income taxes
€611k▲
2024 · €311k
Staff costs
€3.56M▲
2024 · €3.40M
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€12.94M€13.10M▲
Fixed assets21/28€3.15M€3.02M▼
Tangible fixed assets22/27€1.42M€1.44M▲
Land and buildings22€843k€835k▼
Plant, machinery and equipment23€127k€136k▲
Furniture and vehicles24€447k€473k▲
Financial fixed assets28€1.74M€1.57M▼
Affiliated companies280/1€1.19M€1.19M=
Participating interests280€1.19M€1.19M=
Other financial fixed assets284/8€545k€383k▼
Shares284€441k€293k▼
Amounts receivable and cash guarantees285/8€104k€90k▼
Current assets29/58€9.79M€10.08M▲
Stocks and contracts in progress3€53k€56k▲
Stocks30/36€53k€56k▲
Goods purchased for resale34€53k€56k▲
Contracts in progress37€0€0=
Amounts receivable within one year40/41€2.74M€3.51M▲
Trade receivables40€2.42M€3.34M▲
Other amounts receivable41€323k€161k▼
Current investments50/53€4.09M€2.98M▼
Other investments51/53€4.09M€2.98M▼
Cash at bank and in hand54/58€2.90M€3.53M▲
Deferred charges and accrued income490/1€1k€9k▲
Equity and liabilities
Total equity and liabilities10/49€12.94M€13.10M▲
Equity10/15€3.21M€2.97M▼
Contributions10/11€1.26M€1.26M=
Capital10€1.26M€1.26M=
Issued capital100€1.26M€1.26M=
Revaluation surpluses12€1.56M€1.56M=
Reserves13€370k€126k▼
Non-distributable reserves130/1€126k€126k=
Legal reserve130€126k€126k=
Tax-exempt reserves132€244k-
Profit (loss) carried forward14€958€12k▲
Investment grants15€12k€12k▼
Provisions and deferred taxes16€357k€378k▲
Provisions for liabilities and charges160/5€357k€378k▲
Other liabilities and charges164/5€357k€378k▲
Amounts payable17/49€9.38M€9.75M▲
Amounts payable after more than one year17€1.47M€739k▼
Financial debts170/4€1.47M€739k▼
Subordinated loans170€1.47M€739k▼
Amounts payable within one year42/48€7.91M€9.00M▲
Current portion of amounts payable after more than one year42€722k€730k▲
Trade debts44€2.09M€1.63M▼
Suppliers440/4€2.09M€1.63M▼
Advances received on contracts in progress46€3.76M€4.41M▲
Taxes, remuneration and social security45€378k€333k▼
Taxes450/3€54k€148k▲
Remuneration and social security454/9€324k€185k▼
Other amounts payable47/48€951k€1.90M▲
Accrued charges and deferred income492/3€421€4k▲
Income statement
Code20242025
Operating income70/76A€14.44M€17.35M▲
Turnover70€14.48M€15.29M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-452k€1.60M▲
Other operating income74€397k€450k▲
Non-recurring operating income76A€13k€4k▼
Operating charges60/66A€13.32M€15.05M▲
Goods for resale, raw materials and consumables60€9.17M€10.09M▲
Purchases600/8€9.17M€10.10M▲
Change in stocks: decrease (increase)609€-545€-3k▼
Services and other goods61€855k€983k▲
Remuneration, social security and pensions62€3.40M€3.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€342k€340k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-40k€40k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-424k€21k▲
Other operating charges640/8€16k€8k▼
Non-recurring operating charges66A€45€24▼
Operating profit (loss)9901€1.11M€2.30M▲
Financial income75/76B€538k€100k▼
Recurring financial income75€538k€100k▼
Income from financial fixed assets750€304k€3k▼
Income from current assets751€72k€81k▲
Other financial income752/9€162k€16k▼
Financial charges65/66B€16k€122k▲
Recurring financial charges65€16k€45k▲
Debt charges650€34k€26k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-28k-
Other financial charges652/9€10k€18k▲
Non-recurring financial charges66B-€78k
Profit (loss) for the period before taxes9903€1.64M€2.28M▲
Income taxes67/77€311k€611k▲
Taxes670/3€315k€625k▲
Tax adjustments and reversals of tax provisions77€4k€14k▲
Profit (loss) for the period9904€1.32M€1.67M▲
Transfer from tax-exempt reserves789-€244k
Transfer to tax-exempt reserves689€17k-
Profit (loss) for the period to be appropriated9905€1.31M€1.91M▲
Appropriation of the result
Profit (loss) to be appropriated9906€951k€1.91M▲
Profit (loss) brought forward from the previous period14P€-356k€958▲
Transfer from equity791/2-€244k
From reserves792-€244k
Transfer to equity691/2-€244k
To other reserves6921-€244k
Profit to be distributed694/7€950k€1.90M▲
Return on contributions (dividend)694€950k€1.90M▲
Social balance
Average headcount (FTE)908754.853.0▼
The notes to these accounts (68 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €604k ▼30.1%
Net result drops to €604k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €5MEq €5.13M ▲13.3%
6 profitable years in a row build equity to €5.13M.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.68M ▲77.6%
Net result €1.68M, the highest in the series.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Sprimont · 1 establishment unit since 1996
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.
Rue Rodolphe Bernard 64 A4140 SprimontGround area
687 m²
Building footprint
87 m²
Volume, LiDAR
566 m³
Parcel 62100I0581/00D000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Rodolphe Bernard 64 A, 4140 Sprimont
since 19962.060.437.772
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100I0581/00D000 | Wallonia | 687 m² | 1 · 87 m² | 8.8 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.
Recognitions · licences · registrations
Recognised contractor
10 categoriesD - FI SA19464
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,658. 1,532 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1993
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.