Equal
ActiveSummary
Equal has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €110k and a net result of €30k. Equity is growing by ~36.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 2280 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-18
Solvency65▼-35
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.84 against 17.31 in 2023; short-term debt: 9.7% and cash: 18.1% of total assets), but 60% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
27 d early
2022
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€110k▲ 36.7%
2023 · €80k
2022: €51k
2023: €80k
2022 → 2024
Total assets
€275k▲ 226%
2023 · €84k
2022: €55k
2023: €84k
2022 → 2024
Net result
€30k▼ 0.5%
2023 · €30k
2022: €46k
2023: €30k
2022 → 2024
Working capital
€76k▲ 22.2%
2023 · €62k
2022: €36k
2023: €62k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€51k-€80k▲ 58.4%€110k▲ 36.7%
Operating result€58k-€39k▼ 32.3%€40k▲ 3.8%
Net result€46k-€30k▼ 35.3%€30k▼ 0.5%
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 4% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €275k
Fixed assets
€173k ▲ 828%
Current assets
€102k ▲ 55.6%
Equity and liabilities €275k
Equity
€110k ▲ 36.7%
Debt
€165k ▲ 4,247%
Debt's share of the balance-sheet total rises from 4.5% to 60.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2023 · €44k
Cash flow
€38k▲
2023 · €35k
Current ratio
3.84▼
2023 · 17.31
Debt to equity
1.50▲
2023 · 0.05
ROE
26.8%▼
2023 · 36.9%
ROA
10.7%▼
2023 · 35.2%
Interest coverage
14.86▼
2023 · 618.46
Debt ≤ 1 year
€27k▲
2023 · €4k
Debt > 1 year
€138k
Income taxes
€9k▼
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84k€275k▲
Fixed assets21/28€19k€173k▲
Tangible fixed assets22/27€19k€173k▲
Land and buildings22€8k€164k▲
Plant, machinery and equipment23€327€239▼
Furniture and vehicles24€11k€9k▼
Current assets29/58€66k€102k▲
Amounts receivable within one year40/41€13k€9k▼
Trade receivables40€13k€0▼
Other amounts receivable41-€9k
Current investments50/53€40k€41k▲
Cash at bank and in hand54/58€11k€50k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€275k▲
Equity10/15€80k€110k▲
Contributions10/11€5k€5k=
Outside capital11€5k-
Other1109/19€5k-
Profit (loss) carried forward14€75k€105k▲
Amounts payable17/49€4k€165k▲
Amounts payable after more than one year17-€138k
Financial debts170/4-€138k
Amounts payable within one year42/48€4k€27k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€397€11k▲
Suppliers440/4€397€11k▲
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€5k▲
Other amounts payable47/48€292€497▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€439€989▲
Gross operating margin9900€45k€50k▲
Operating profit (loss)9901€39k€40k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€71€3k▲
Recurring financial charges65€71€3k▲
Profit (loss) for the period before taxes9903€39k€38k▼
Income taxes67/77€9k€9k▼
Profit (loss) for the period9904€30k€30k▼
Profit (loss) for the period to be appropriated9905€30k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€105k▲
Profit (loss) brought forward from the previous period14P€46k€75k▲
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
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €30k ▼0.5%
Net result drops to €30k, the lowest in the series.
31-12
Financial
Equity above €100kEq €110k ▲36.7%
3 profitable years in a row build equity to €110k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wijnegem · 1 establishment unit since 2021
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.
Krommelei 312110 WijnegemGround area
1,273 m²
Building footprint
176 m²
Volume, LiDAR
1,005 m³
Parcel 11050B0074/00F000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Equal
since 20212.324.130.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050B0074/00F000 | Flanders | 1,273 m² | 1 · 176 m² | 9.7 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.
Similar companies · same sector, comparable size
Tom Lenaerts
BE 0764.954.173
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Simbli
BE 0683.688.266
Mechelen · Eq €110,343
Trip to Bonanza
BE 0767.965.727
Tubize · Eq €109,471
SAPLAN
BE 0674.708.640
Herenthout · Eq €109,347
ALCODA EXPERIENCE
BE 0759.419.928
Oudergem · Eq €110,619
Of 3,152 companies in sector 63920 we hold annual accounts for 1,523. 1,254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
71111Activities of building architects
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.