Endorse
ActiveThe computed 12-month bankruptcy probability of Endorse is 1.9% (moderate). The 2024 annual accounts show equity of €54k and a net result of €-18k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 5895 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-14
Solvency41▼-45
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.65 against 1.41 in 2023; short-term debt: 15.7% and cash: 0.6% of total assets), and 83.6% 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.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
16.4%
Return on assets
-5.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5895 sector peers (2024).
NBB · sector comparisonPosition among 5895 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
on the day
2022
27 d early
2021
26 d early
2020
139 d late
2019
146 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€54k▼ 17.5%
2023 · €66k
2018: €23k
2019: €17k
2020: €37k
2021: €52k
2022: €59k
2023: €66k
2018 → 2024
Total assets
€331k▲ 208%
2023 · €108k
2018: €93k
2019: €80k
2020: €87k
2021: €98k
2022: €93k
2023: €108k
2018 → 2024
Net result
€-18k
2023 · €6k
2018: €3k
2019: €-6k
2020: €20k
2021: €15k
2022: €7k
2023: €6k
2018 → 2024
Working capital
€-18k
2023 · €17k
2018: €-13k
2019: €-27k
2020: €-5k
2021: €10k
2022: €12k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€52k▲ 41.4%€59k▲ 13.2%€66k▲ 10.9%€54k▼ 17.5%
Operating result€29k-€25k▼ 14.3%€11k▼ 57.5%€11k▲ 0.9%€-14k
Net result€20k-€15k▼ 24.3%€7k▼ 54.8%€6k▼ 6.9%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14k after €11k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €331k
Fixed assets
€297k▲ 511%
Current assets
€34k▼ 42.6%
Equity and liabilities €331k
Equity
€54k▼ 17.5%
Debt
€277k▲ 563%
The debt ratio rises from 38.8% to 83.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45k▲
2023 · €25k
Cash flow
€40k▲
2023 · €21k
Solvency
16.4%▼
2023 · 61.2%
Current ratio
0.65▼
2023 · 1.41
Quick ratio
0.65▼
2023 · 1.31
Debt / equity
5.10▲
2023 · 0.63
ROE
-32.6%▼
2023 · 9.8%
ROA
-5.3%▼
2023 · 6.0%
Interest coverage
21.77▼
2023 · 39.81
Debt
€277k▲
2023 · €42k
Debt ≤ 1 year
€52k▲
2023 · €42k
Debt > 1 year
€225k▲
2023 · €0
Income taxes
€209▼
2023 · €4k
Staff costs
€3k▲
2023 · €3k
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€108k€331k▲
Fixed assets21/28€49k€297k▲
Tangible fixed assets22/27€49k€297k▲
Land and buildings22-€246k
Plant, machinery and equipment23€11k€20k▲
Furniture and vehicles24€12k€7k▼
Other tangible fixed assets26€26k€24k▼
Current assets29/58€59k€34k▼
Stocks and contracts in progress3€4k€0▼
Contracts in progress37€4k€0▼
Amounts receivable within one year40/41€37k€32k▼
Trade receivables40€27k€32k▲
Other amounts receivable41€10k€0▼
Cash at bank and in hand54/58€18k€2k▼
Equity and liabilities
Total equity and liabilities10/49€108k€331k▲
Equity10/15€66k€54k▼
Contributions10/11€12k€19k▲
Reserves13€53k€53k=
Non-distributable reserves130/1€155€155=
Reserves not available under the articles1311€155€155=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14-€-18k
Amounts payable17/49€42k€277k▲
Amounts payable after more than one year17€0€225k▲
Financial debts170/4€0€225k▲
Amounts payable within one year42/48€42k€52k▲
Current portion of amounts payable after more than one year42€3k€10k▲
Financial debts43€2k€3k▲
Credit institutions430/8€2k€3k▲
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Advances received on contracts in progress46€12k€13k▲
Taxes, remuneration and social security45€14k€9k▼
Taxes450/3€14k€9k▼
Other amounts payable47/48-€16k
Income statement
Code20232024
Remuneration, social security and pensions62€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€58k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€1k€6k▲
Gross operating margin9900€31k€55k▲
Operating profit (loss)9901€11k€-14k▼
Financial income75/76B€11€79▲
Recurring financial income75€11€79▲
Financial charges65/66B€635€4k▲
Recurring financial charges65€635€2k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€10k€-17k▼
Income taxes67/77€4k€209▼
Profit (loss) for the period9904€6k€-18k▼
Profit (loss) for the period to be appropriated9905€6k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-18k▼
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-18k ▼374%
Net result drops to €-18k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Deinze · 2 establishment units since 2015
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.
Kerrebroek 399850 DeinzeGround area
1,773 m²
Building footprint
286 m²
Volume, LiDAR
2,178 m³
2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Endorse
since 20152.249.360.120
ENDORSE
since 20242.374.571.381
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44049C0064/00P000 | Flanders | 1,216 m² | 1 · 100 m² | 9.2 m · 2 fl. |
| 44011B0513/00Y000 | Flanders | 557 m² | 1 · 185 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,416 EUR awarded · 1,416 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 689 EUR | 689 EUR |
| 2023 | 1 | 727 EUR | 727 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeinze2.249.360.120
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HOOIBERG
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LUSSO PROJECTS
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Of 21,218 companies in sector 81300 we hold annual accounts for 4,363. 3,625 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2015
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
81300Landscape service activities
01309Crop and animal production, hunting and related service activities
02100Forestry and logging
47553Retail trade
47559Retail sale of other household articles
47761Retail sale of flowers, plants, seeds and fertilisers
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
59113Video and film production, excluding cinema and television films
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74103Other professional, scientific and technical activities
74109Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.