David Sarlette
ActiveSummary
David Sarlette has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €117k and a net result of €49k. Equity is growing by ~115% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency90▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.16 in 2023; short-term debt: 34.8% and cash: 7.9% of total assets), and 35.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
33 d early
2022
26 d early
2021
33 d early
2020
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49k▲ 5.5%
2023 · €47k
2020: €1k
2021: €2k
2022: €17k
2023: €47k
2020 → 2024
Working capital
€99k▲ 83.1%
2023 · €54k
2020: €2k
2021: €-4k
2022: €12k
2023: €54k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€7k-€9k▲ 23.3%€25k▲ 176%€70k▲ 182%€117k▲ 68.1%
Operating result€4k-€4k▲ 8.3%€25k▲ 507%€67k▲ 163%€71k▲ 5.4%
Net result€1k-€2k▲ 33.5%€17k▲ 899%€47k▲ 174%€49k▲ 5.5%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181k
Fixed assets
€19k ▲ 12.1%
Current assets
€162k ▲ 60.9%
Equity and liabilities €181k
Equity
€117k ▲ 68.1%
Debt
€64k ▲ 33.6%
Debt's share of the balance-sheet total falls from 40.8% to 35.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▲
2023 · €74k
Cash flow
€56k▲
2023 · €53k
Current ratio
2.58▲
2023 · 2.16
Debt to equity
0.55▼
2023 · 0.69
ROE
41.9%▼
2023 · 66.8%
ROA
27.1%▼
2023 · 39.6%
Interest coverage
321.20▲
2023 · 215.16
Debt ≤ 1 year
€63k▲
2023 · €47k
Income taxes
€21k▲
2023 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€118k€181k▲
Fixed assets21/28€17k€19k▲
Tangible fixed assets22/27€8k€10k▲
Furniture and vehicles24€8k€1k▼
Other tangible fixed assets26-€9k
Financial fixed assets28€9k€9k=
Current assets29/58€101k€162k▲
Amounts receivable after more than one year29-€99k
Other amounts receivable291-€99k
Amounts receivable within one year40/41€42k€49k▲
Trade receivables40€42k€49k▲
Cash at bank and in hand54/58€59k€14k▼
Deferred charges and accrued income490/1€196€196=
Equity and liabilities
Total equity and liabilities10/49€118k€181k▲
Equity10/15€70k€117k▲
Contributions10/11€6k€6k=
Reserves13€61k€106k▲
Distributable reserves133€61k€106k▲
Profit (loss) carried forward14€3k€5k▲
Amounts payable17/49€48k€64k▲
Amounts payable after more than one year17€633-
Financial debts170/4€633-
Amounts payable within one year42/48€47k€63k▲
Current portion of amounts payable after more than one year42€8k€633▼
Trade debts44€291€11k▲
Suppliers440/4€291€11k▲
Taxes, remuneration and social security45€37k€50k▲
Taxes450/3€37k€50k▲
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€648€970▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€486€511▲
Gross operating margin9900€74k€78k▲
Operating profit (loss)9901€67k€71k▲
Financial charges65/66B€343€241▼
Recurring financial charges65€343€241▼
Profit (loss) for the period before taxes9903€67k€70k▲
Income taxes67/77€20k€21k▲
Profit (loss) for the period9904€47k€49k▲
Profit (loss) for the period to be appropriated9905€47k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€52k▲
Profit (loss) brought forward from the previous period14P€3k€3k▼
Transfer to equity691/2€45k€45k=
To other reserves6921€45k€45k=
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2020net €49k ▲5.5%
Operating result €71k, net result €49k, both a record.
31-12
Financial
Equity above €100kEq €117k ▲68.1%
5 profitable years in a row build equity to €117k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bütgenbach · 1 establishment unit since 2020
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.
Weywertz,Auf dem Queckenberg 204750 Bütgenbach1 establishment unit
Hütte 79, 4700 Eupen
since 20202.297.703.732
Similar companies · same sector, comparable size
Société d’avocats Pace
BE 0766.975.931
Brussel · Eq €117,087
Advocatenkantoor Paul Benijts
BE 0686.964.094
Herentals · Eq €117,075
Advocaat Julie de Chaffoy
BE 0802.274.825
Antwerpen · Eq €117,095
Jo Blockeel
BE 0715.932.848
Maarkedal · Eq €117,028
E-ST LEX
BE 0794.790.383
Mol · Eq €117,024
Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 7,561 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:david.sarlette@tilia.law