EL²
ActiveEL² has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €554k and a net result of €16k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-31
Solvency95▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.53 against 14.07 in 2024), and 49.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
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
50.5%
Return on assets
1.4%
Age of the figures
11 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
1 d early
2022
44 d early
2021
44 d late
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€554k▼ 38.2%
2024 · €896k
2018: €289k
2019: €320k
2020: €364k
2021: €698k
2022: €682k
2023: €816k
2024: €896k
2018 → 2025
Total assets
€1.10M▲ 10.5%
2024 · €992k
2018: €690k
2019: €682k
2020: €654k
2021: €853k
2022: €747k
2023: €872k
2024: €992k
2018 → 2025
Net result
€16k▼ 80.6%
2024 · €80k
2018: €-11k
2019: €31k
2020: €44k
2021: €127k
2022: €-16k
2023: €134k
2024: €80k
2018 → 2025
Working capital
€333k▼ 60.4%
2024 · €840k
2018: €162k
2019: €184k
2020: €221k
2021: €753k
2022: €681k
2023: €817k
2024: €840k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€698k-€682k▼ 2.2%€816k▲ 19.7%€896k▲ 9.8%€554k▼ 38.2%
Operating result€429k-€14k▼ 96.8%€198k▲ 1,351%€114k▼ 42.3%€76k▼ 33.9%
Net result€127k-€-16k€134k€80k▼ 40.4%€16k▼ 80.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€669k▲ 657%
Current assets
€427k▼ 52.7%
Equity and liabilities €1.10M
Equity
€554k▼ 38.2%
Debt
€543k▲ 466%
The debt ratio rises from 9.7% to 49.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€96k▼
2024 · €123k
Cash flow
€36k▼
2024 · €88k
Solvency
50.5%▼
2024 · 90.3%
Current ratio
4.53▼
2024 · 14.07
Quick ratio
4.53▼
2024 · 14.07
Debt / equity
0.98▲
2024 · 0.11
ROE
2.8%▼
2024 · 8.9%
ROA
1.4%▼
2024 · 8.1%
Interest coverage
2.02▼
2024 · 99.47
Debt
€543k▲
2024 · €96k
Debt ≤ 1 year
€94k▲
2024 · €64k
Debt > 1 year
€448k▲
2024 · €32k
Income taxes
€15k▼
2024 · €42k
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€992k€1.10M▲
Fixed assets21/28€88k€669k▲
Tangible fixed assets22/27€88k€669k▲
Plant, machinery and equipment23€1k-
Furniture and vehicles24€535€223▼
Leasing and similar rights25€29k€24k▼
Other tangible fixed assets26€58k€645k▲
Current assets29/58€904k€427k▼
Amounts receivable after more than one year29€390k€140k▼
Other amounts receivable291€390k€140k▼
Amounts receivable within one year40/41€409k€277k▼
Trade receivables40€311k€275k▼
Other amounts receivable41€98k€2k▼
Cash at bank and in hand54/58€98k€4k▼
Deferred charges and accrued income490/1€6k€6k=
Equity and liabilities
Total equity and liabilities10/49€992k€1.10M▲
Equity10/15€896k€554k▼
Contributions10/11€6k€6k=
Reserves13€738k€395k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€66k€66k=
Distributable reserves133€671k€328k▼
Profit (loss) carried forward14€152k€153k▲
Amounts payable17/49€96k€543k▲
Amounts payable after more than one year17€32k€448k▲
Financial debts170/4€32k€448k▲
Amounts payable within one year42/48€64k€94k▲
Current portion of amounts payable after more than one year42€7k€33k▲
Trade debts44€18k€10k▼
Suppliers440/4€18k€10k▼
Taxes, remuneration and social security45€39k€17k▼
Taxes450/3€39k€17k▼
Other amounts payable47/48€154€34k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€20k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€124k€98k▼
Operating profit (loss)9901€114k€76k▼
Financial income75/76B€9k€3k▼
Recurring financial income75€9k€3k▼
Financial charges65/66B€1k€47k▲
Recurring financial charges65€1k€47k▲
Profit (loss) for the period before taxes9903€122k€31k▼
Income taxes67/77€42k€15k▼
Profit (loss) for the period9904€80k€16k▼
Profit (loss) for the period to be appropriated9905€80k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€232k€168k▼
Profit (loss) brought forward from the previous period14P€152k€152k=
Transfer from equity791/2-€358k
Transfer to equity691/2€80k€15k▼
To other reserves6921€80k€15k▼
Profit to be distributed694/7-€358k
Return on contributions (dividend)694-€358k
The notes to these accounts (8 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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €134k
Net result €134k after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-16k ▼112%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 42.55
Current ratio from 14.44 to 42.55; short-term debt falls from €56k to €16k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 44 days late
2021
30-09
Financial
Liquidity doublescurrent ratio 14.44
Current ratio from 6.25 to 14.44.
30-09
Financial
Equity above €500kEq €698k ▲91.5%
3 profitable years in a row build equity to €698k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Pieters-Leeuw · 1 establishment unit since 2010
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.
Karenberg 61600 Sint-Pieters-LeeuwGround area
1,082 m²
Building footprint
235 m²
Volume, LiDAR
1,081 m³
Parcel 23077C0091/00T000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EL²
since 20102.193.619.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23077C0091/00T000 | Flanders | 1,082 m² | 1 · 235 m² | 6.7 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
Legal Entity Identifier
2549005W3AZQYAP7ZN41
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Of 558 companies in sector 35150 we hold annual accounts for 225. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2010
Fiscal year end30-09
Activities, NACEBEL
35150Electricity, gas, steam and air conditioning supply
80090Investigation and security activities
80200Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0474/413802