EP Management Services
ActiveEP Management Services has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.97M and a net result of €-60k. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-23
Solvency74▼-9
Growth55=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 9.94 in 2024; short-term debt: 19.2% and cash: 1% of total assets), and 51.2% 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 · 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 · 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
48.8%
Return on assets
-1.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d late
2023
31 d late
2022
2 d early
2021
5 d early
2020
8 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€329k▲ 123%
2023 · €147k
2021: €101k
2022: €145k
2023: €147k
2021 → 2024
EBIT margin
65.4%▲ 56.2pp
2023 · 9.2%
2021: -15.2%
2022: 19.3%
2023: 9.2%
2021 → 2024
Net result
€-60k
2024 · €203k
2018: €519k
2019: €-173k
2020: €-131k
2021: €-29k
2022: €14k
2023: €300
2024: €203k
2018 → 2025
Working capital
€101k▼ 87.5%
2024 · €810k
2018: €2.14M
2019: €1.36M
2020: €1.20M
2021: €595k
2022: €614k
2023: €707k
2024: €810k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€101k-€145k▲ 43.8%€147k▲ 2.0%€329k▲ 123%
Equity€1.81M-€1.83M▲ 0.8%€1.83M=€2.03M▲ 11.1%€1.97M▼ 2.9%
Operating result€-15k-€28k€14k▼ 51.4%€215k▲ 1,485%€-52k
Net result€-29k-€14k€300▼ 97.8%€203k▲ 67,403%€-60k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €52k after €215k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.03M
Fixed assets
€3.16M▲ 21.8%
Current assets
€877k▼ 2.6%
Equity and liabilities €4.03M
Equity
€1.97M▼ 2.9%
Debt
€2.06M▲ 41.1%
The debt ratio rises from 41.9% to 51.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▼
2024 · €295k
Cash flow
€112k▼
2024 · €282k
Solvency
48.8%▼
2024 · 58.1%
Current ratio
1.13▼
2024 · 9.94
Quick ratio
1.13▼
2024 · 9.94
Debt / equity
1.05▲
2024 · 0.72
ROE
-3.0%▼
2024 · 10.0%
ROA
-1.5%▼
2024 · 5.8%
Interest coverage
5.33▼
2024 · 15.94
Debt
€2.06M▲
2024 · €1.46M
Debt ≤ 1 year
€776k▲
2024 · €91k
Debt > 1 year
€1.28M▼
2024 · €1.37M
Income taxes
€2k▲
2024 · €812
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€3.49M€4.03M▲
Fixed assets21/28€2.59M€3.16M▲
Tangible fixed assets22/27€2.59M€3.16M▲
Land and buildings22€2.59M€3.16M▲
Current assets29/58€900k€877k▼
Amounts receivable after more than one year29€525k€525k=
Other amounts receivable291€525k€525k=
Amounts receivable within one year40/41€6k€7k▲
Other amounts receivable41€6k€7k▲
Current investments50/53-€299k
Cash at bank and in hand54/58€366k€40k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€3.49M€4.03M▲
Equity10/15€2.03M€1.97M▼
Contributions10/11€45k€45k=
Capital10€45k€45k=
Issued capital100€45k€45k=
Reserves13€792k€792k=
Non-distributable reserves130/1€218k€218k=
Legal reserve130€218k€218k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€555k€555k=
Profit (loss) carried forward14€1.19M€1.13M▼
Amounts payable17/49€1.46M€2.06M▲
Amounts payable after more than one year17€1.37M€1.28M▼
Financial debts170/4€1.37M€1.28M▼
Other amounts payable178/9-€3k
Amounts payable within one year42/48€91k€776k▲
Current portion of amounts payable after more than one year42€90k€91k▲
Trade debts44-€3k
Suppliers440/4-€3k
Taxes, remuneration and social security45€227€749▲
Taxes450/3€227€749▲
Other amounts payable47/48-€680k
Accrued charges and deferred income492/3€250€5k▲
Income statement
Code20242025
Turnover70€329k-
Goods, raw materials, services and sundry goods60/61€38k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€172k▲
Other operating charges640/8€2k€13k▲
Gross operating margin9900€297k€133k▼
Operating profit (loss)9901€215k€-52k▼
Financial income75/76B€7k€16k▲
Recurring financial income75€7k€16k▲
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€203k€-58k▼
Income taxes67/77€812€2k▲
Profit (loss) for the period9904€203k€-60k▼
Profit (loss) for the period to be appropriated9905€203k€-60k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.19M€1.13M▼
Profit (loss) brought forward from the previous period14P€989k€1.19M▲
The notes to these accounts (6 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Equity above €2MEq €2.03M ▲11.1%
3 profitable years in a row build equity to €2.03M.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Liquidity times 74current ratio 587.58
Current ratio from 7.97 to 587.58; short-term debt falls from €88k to €1k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €14k
Net result €14k after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 40current ratio 9121.60
Current ratio from 229.02 to 9121.60; short-term debt falls from €6k to €132.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-173k ▼133%
Net result drops to €-173k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 229.02
Current ratio from 73.22 to 229.02; short-term debt falls from €30k to €6k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Brussel · 1 establishment unit since 1999
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.
Araucarialaan 1121020 BrusselGround area
862 m²
Building footprint
216 m²
Volume, LiDAR
2,296 m³
2 parcels, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Bonekruidlaan 80, 1020 Brussel
since 19992.091.834.296
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819C0193/00R006 | Brussels | 543 m² | 1 · 107 m² | 7.1 m · 2 fl. |
| 21818E0208/00E003 | Brussels | 319 m² | 1 · 109 m² | 18.0 m · 5 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-07-1999
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.