Enthusiasm
ActiveEnthusiasm has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21k and a net result of €11k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 9520 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
100
/ 100
Excellent▲ +19 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency93▲+16
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.29 in 2023), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
54.6%
Return on assets
27.7%
Age of the figures
20 mo
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 27-07-2025, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
4 d early
2023
10 d early
2022
5 d early
2021
8 d early
2020
294 d late
2019
33 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€21k▲ 30.3%
2023 · €16k
2019: €2k
2020: €1k
2021: €17k
2022: €12k
2023: €16k
2019 → 2024
Total assets
€39k▲ 14.0%
2023 · €34k
2019: €6k
2020: €9k
2021: €27k
2022: €35k
2023: €34k
2019 → 2024
Net result
€11k▲ 29.9%
2023 · €8k
2019: €1k
2020: €-622
2021: €16k
2022: €15k
2023: €8k
2019 → 2024
Working capital
€14k▲ 176%
2023 · €5k
2019: €2k
2020: €327
2021: €16k
2022: €-3k
2023: €5k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1k-€17k▲ 1,047%€12k▼ 32.0%€16k▲ 41.6%€21k▲ 30.3%
Operating result€-463-€20k€20k▲ 1.1%€13k▼ 35.6%€14k▲ 8.9%
Net result€-622-€16k€15k▼ 3.9%€8k▼ 44.1%€11k▲ 29.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€7k▼ 36.4%
Current assets
€32k▲ 38.6%
Equity and liabilities €39k
Equity
€21k▲ 30.3%
Debt
€18k▼ 0.9%
The debt ratio falls from 52.2% to 45.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€18k▲
2023 · €17k
Cash flow
€15k▲
2023 · €13k
Solvency
54.6%▲
2023 · 47.8%
Current ratio
1.80▲
2023 · 1.29
Quick ratio
1.80▲
2023 · 1.29
Debt / equity
0.83▼
2023 · 1.09
ROE
50.7%▼
2023 · 50.9%
ROA
27.7%▲
2023 · 24.3%
Interest coverage
401.32▲
2023 · 133.84
Debt
€18k▼
2023 · €18k
Debt ≤ 1 year
€18k▼
2023 · €18k
Income taxes
€3k▼
2023 · €4k
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€34k€39k▲
Fixed assets21/28€11k€7k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23€777€431▼
Furniture and vehicles24€7k€4k▼
Current assets29/58€23k€32k▲
Amounts receivable within one year40/41€17k€10k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€2k€15▼
Current investments50/53€600€600=
Cash at bank and in hand54/58€5k€21k▲
Deferred charges and accrued income490/1-€698
Equity and liabilities
Total equity and liabilities10/49€34k€39k▲
Equity10/15€16k€21k▲
Contributions10/11€1k€1k=
Reserves13€15k€20k▲
Distributable reserves133€15k€20k▲
Amounts payable17/49€18k€18k▼
Amounts payable within one year42/48€18k€18k▼
Trade debts44€1k€949▼
Suppliers440/4€1k€949▼
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€13k€14k▲
Other amounts payable47/48€4k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€993€1k▲
Gross operating margin9900€18k€19k▲
Operating profit (loss)9901€13k€14k▲
Financial income75/76B€1€168▲
Recurring financial income75€1€168▲
Financial charges65/66B€128€45▼
Recurring financial charges65€128€45▼
Profit (loss) for the period before taxes9903€13k€14k▲
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€8k€11k▲
Profit (loss) for the period to be appropriated9905€8k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€11k▲
Transfer from equity791/2-€6k
Transfer to equity691/2€5k€11k▲
To other reserves6921€5k€11k▲
Profit to be distributed694/7€4k€6k▲
Return on contributions (dividend)694€4k€6k▲
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
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 294 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.61
Current ratio from 1.05 to 2.61.
2020
31-12
Financial
Weakest financial yearnet €-622 ▼156%
Net result drops to €-622, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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, Antwerpen · 1 establishment unit since 2019
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.
Pip Woutersplein 32100 AntwerpenGround area
4,745 m²
Building footprint
881 m²
Volume, LiDAR
2,302 m³
Parcel 11345B0461/00H000, Flanders · tallest building 11.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Enthusiasm
since 20192.296.672.166
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0461/00H000 | Flanders | 4,745 m² | 1 · 881 m² | 11.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 15,711 EUR awarded · 15,711 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,432 EUR | 3,432 EUR |
| 2024 | 1 | 7,155 EUR | 7,155 EUR |
| 2023 | 1 | 4,437 EUR | 4,437 EUR |
| 2022 | 1 | 687 EUR | 687 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,423 companies in sector 82990 we hold annual accounts for 9,361. 5,871 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-12-2019
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.enthusiasm.be
E-mail:maarten@enthusiasm.be