ECON
ActiveECON has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-26k) and a net result of €-22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
15
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency37▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.85 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-22.6%
Return on assets
-18.9%
Age of the figures
20 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-10-2025, 84 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
not confirmed
2024
84 d late
2023
20 d early
2022
31 d late
2021
34 d early
2020
23 d early
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-26k▼ 503%
2023 · €-4k
2018: €47k
2019: €54k
2020: €68k
2021: €56k
2022: €29k
2023: €-4k
2018 → 2024
Total assets
€115k▼ 29.8%
2023 · €163k
2018: €305k
2019: €329k
2020: €345k
2021: €297k
2022: €192k
2023: €163k
2018 → 2024
Net result
€-22k▲ 35.0%
2023 · €-33k
2018: €12k
2019: €7k
2020: €14k
2021: €-12k
2022: €-27k
2023: €-33k
2018 → 2024
Working capital
€-45k▼ 84.9%
2023 · €-24k
2018: €23k
2019: €13k
2020: €33k
2021: €27k
2022: €5k
2023: €-24k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€68k-€56k▼ 18.1%€29k▼ 48.3%€-4k€-26k▼ 503%
Operating result€24k-€-8k€-23k▼ 175%€-29k▼ 27.8%€-17k▲ 42.0%
Net result€14k-€-12k€-27k▼ 119%€-33k▼ 22.9%€-22k▲ 35.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2024 against €29k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115k
Fixed assets
€24k=
Current assets
€90k▼ 35.1%
Key figures and ratios
EBITDA
€-17k▲
2023 · €-24k
Cash flow
€-22k▲
2023 · €-29k
Solvency
-22.6%▼
2023 · -2.6%
Current ratio
0.67▼
2023 · 0.85
Quick ratio
0.20▼
2023 · 0.47
Debt / equity
-5.42▲
2023 · -39.02
ROE
83.4%▼
2023 · 774.7%
ROA
-18.9%▲
2023 · -20.4%
Interest coverage
-3.54▲
2023 · -5.66
Debt
€140k▼
2023 · €167k
Debt ≤ 1 year
€135k▼
2023 · €163k
Income taxes
€182▲
2023 · €154
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€163k€115k▼
Fixed assets21/28€24k€24k=
Tangible fixed assets22/27€23k€23k=
Land and buildings22€23k€23k=
Furniture and vehicles24€0-
Financial fixed assets28€905€905=
Current assets29/58€139k€90k▼
Stocks and contracts in progress3€63k€63k=
Stocks30/36€63k€63k=
Amounts receivable within one year40/41€9k€20k▲
Trade receivables40€5k€16k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€64k€5k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€163k€115k▼
Equity10/15€-4k€-26k▼
Contributions10/11€6k€6k=
Reserves13€61k€61k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€61k€61k=
Profit (loss) carried forward14€-72k€-93k▼
Amounts payable17/49€167k€140k▼
Amounts payable within one year42/48€163k€135k▼
Trade debts44€73k€36k▼
Suppliers440/4€73k€36k▼
Taxes, remuneration and social security45€154€182▲
Taxes450/3€154€182▲
Other amounts payable47/48€90k€99k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€0▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€-20k€-12k▲
Operating profit (loss)9901€-29k€-17k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-33k€-21k▲
Income taxes67/77€154€182▲
Profit (loss) for the period9904€-33k€-22k▲
Profit (loss) for the period to be appropriated9905€-33k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-72k€-93k▼
Profit (loss) brought forward from the previous period14P€-39k€-72k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 84 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €14k ▲116%
Operating result €24k, net result €14k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Wetteren · 3 establishment units since 1983
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.
Kwatrechtsteenweg 1159230 WetterenGround area
1.5 ha
Building footprint
8,062 m²
Volume, LiDAR
54,865 m³
3 parcels, Flanders · tallest building 29.8 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Econ
since 19832.021.844.838
Kwatrechtsteenweg 114, 9230 Wetteren
since 20122.219.214.104
Kwatrechtsteenweg 115, 9230 Wetteren
since 20222.345.481.576
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0556/00W002 | Flanders | 1.0 ha | 1 · 5,242 m² | 29.8 m · 3 fl. |
| 42025G0819/00W000 | Flanders | 4,300 m² | 1 · 2,657 m² | 7.5 m · 2 fl. |
| 44362B0293/00L007 | Flanders | 163 m² | 1 · 163 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWetteren2.219.214.104
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Of 7,342 companies in sector 95311 we hold annual accounts for 2,941. 1,818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-1983
Fiscal year end31-12
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
45402
47252Retail sale of beverages, general range
47830Retail sale of motorcycles and motorcycle parts and accessories
50302
50400Inland freight water transport
71408
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
90312Arts creation and performing arts activities
92322
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.