EN TANDEM
ActiveEN TANDEM has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €518k and a net result of €4k. Equity is growing by ~15.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-7
Solvency73▼-27
Growth68=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 9.14 in 2024; short-term debt: 24.7% and cash: 12.1% of total assets), but 52.3% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
47.7%
Return on assets
0.4%
Age of the figures
12 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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d early
2023
26 d early
2022
26 d early
2021
39 d early
2020
30 d early
2019
22 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
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€227k▲ 22.5%
2019 · €186k
2018: €135k
2019: €186k
2018 → 2020
EBIT margin
42.7%▼ 11.5pp
2019 · 54.2%
2018: 45.9%
2019: 54.2%
2018 → 2020
Net result
€4k▼ 89.4%
2024 · €39k
2018: €43k
2019: €73k
2020: €68k
2021: €68k
2022: €195k
2023: €101k
2024: €39k
2018 → 2025
Working capital
€311k▼ 45.6%
2024 · €572k
2018: €135k
2019: €132k
2020: €189k
2021: €263k
2022: €454k
2023: €428k
2024: €572k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€340k-€535k▲ 57.5%€608k▲ 13.6%€582k▼ 4.4%€518k▼ 11.0%
Operating result€94k-€150k▲ 60.2%€77k▼ 48.5%€73k▼ 5.9%€36k▼ 51.0%
Net result€68k-€195k▲ 188%€101k▼ 48.3%€39k▼ 61.5%€4k▼ 89.4%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 51% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€506k▲ 4,929%
Current assets
€579k▼ 9.9%
Equity and liabilities €1.08M
Equity
€518k▼ 11.0%
Debt
€567k▲ 707%
The debt ratio rises from 10.8% to 52.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€107k▲
2024 · €73k
Cash flow
€75k▲
2024 · €39k
Solvency
47.7%▼
2024 · 89.2%
Current ratio
2.16▼
2024 · 9.14
Quick ratio
2.16▼
2024 · 9.14
Debt / equity
1.10▲
2024 · 0.12
ROE
0.8%▼
2024 · 6.7%
ROA
0.4%▼
2024 · 6.0%
Interest coverage
1.95▲
2024 · 1.91
Debt
€567k▲
2024 · €70k
Debt ≤ 1 year
€267k▲
2024 · €70k
Debt > 1 year
€296k
Income taxes
€2k▼
2024 · €15k
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€652k€1.08M▲
Fixed assets21/28€10k€506k▲
Tangible fixed assets22/27€61€496k▲
Land and buildings22-€468k
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€61€28k▲
Financial fixed assets28€10k€10k=
Current assets29/58€642k€579k▼
Amounts receivable after more than one year29€339k€365k▲
Other amounts receivable291€339k€365k▲
Amounts receivable within one year40/41€88k€82k▼
Trade receivables40€38k€43k▲
Other amounts receivable41€50k€40k▼
Cash at bank and in hand54/58€214k€131k▼
Deferred charges and accrued income490/1€829€829=
Equity and liabilities
Total equity and liabilities10/49€652k€1.08M▲
Equity10/15€582k€518k▼
Contributions10/11€20k€20k=
Reserves13€472k€407k▼
Distributable reserves133€472k€407k▼
Profit (loss) carried forward14€90k€90k=
Amounts payable17/49€70k€567k▲
Amounts payable after more than one year17-€296k
Other amounts payable178/9-€296k
Amounts payable within one year42/48€70k€267k▲
Financial debts43€0€0=
Credit institutions430/8€0€0=
Trade debts44€387€152k▲
Suppliers440/4€387€152k▲
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€1k€0▼
Remuneration and social security454/9€0€0=
Other amounts payable47/48€69k€116k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€442€71k▲
Other operating charges640/8€621€2k▲
Gross operating margin9900€74k€109k▲
Operating profit (loss)9901€73k€36k▼
Financial income75/76B€20k€25k▲
Recurring financial income75€20k€25k▲
Financial charges65/66B€38k€55k▲
Recurring financial charges65€38k€55k▲
Profit (loss) for the period before taxes9903€54k€6k▼
Income taxes67/77€15k€2k▼
Profit (loss) for the period9904€39k€4k▼
Profit (loss) for the period to be appropriated9905€39k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€94k▼
Profit (loss) brought forward from the previous period14P€90k€90k▲
Transfer from equity791/2€66k€68k▲
Transfer to equity691/2€39k€4k▼
To other reserves6921€39k€4k▼
Profit to be distributed694/7€66k€68k▲
Return on contributions (dividend)694€66k€68k▲
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Weakest financial yearnet €4k ▼89.4%
Net result drops to €4k, the lowest in the series.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
Financial
Highest result since 2018net €195k ▲188%
Operating result €150k, net result €195k, both a record.
30-09
Financial
Equity above €500kEq €535k ▲57.5%
5 profitable years in a row build equity to €535k.
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Liquidity triplescurrent ratio 6.91
Current ratio from 2.32 to 6.91; short-term debt falls from €100k to €32k.
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Equity above €200kEq €204k ▲47.5%
2 profitable years in a row build equity to €204k.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Herve · 1 establishment unit since 2012
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 Nicolas Hardy 144652 HerveGround area
3,351 m²
Building footprint
263 m²
Parcel 63085B0257/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EN TANDEM
since 20122.212.998.481
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63085B0257/00B000 | Wallonia | 3,351 m² | 1 · 262 m² | - |
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
254900V3AAPJWQ4UTR61
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-08-2012
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.