EQUATIONS
ActiveEQUATIONS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €3k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 83% of 31642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+5
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 6.49 against 11.86 in 2024; short-term debt: 14.5% and cash: 37.5% of total assets), and 14.5% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
85.5%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
28 d late
2022
29 d late
2021
30 d late
2020
44 d late
2019
278 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€82k▼ 40.3%
2024 · €137k
2018: €155k
2019: €171k
2020: €185k
2021: €161k
2022: €136k
2023: €137k
2024: €137k
2018 → 2025
Total assets
€96k▼ 35.7%
2024 · €149k
2018: €250k
2019: €227k
2020: €217k
2021: €175k
2022: €154k
2023: €148k
2024: €149k
2018 → 2025
Net result
€3k▲ 252%
2024 · €776
2018: €43k
2019: €52k
2020: €37k
2021: €26k
2022: €31k
2023: €26k
2024: €776
2018 → 2025
Working capital
€77k▼ 41.3%
2024 · €131k
2018: €144k
2019: €154k
2020: €168k
2021: €153k
2022: €128k
2023: €130k
2024: €131k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€161k-€136k▼ 15.5%€137k▲ 0.2%€137k▲ 0.6%€82k▼ 40.3%
Operating result€26k-€31k▲ 20.9%€24k▼ 21.2%€526▼ 97.8%€2k▲ 266%
Net result€26k-€31k▲ 21.9%€26k▼ 15.4%€776▼ 97.0%€3k▲ 252%
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 2025; 2025 is 266% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96k
Fixed assets
€5k▼ 19.9%
Current assets
€91k▼ 36.4%
Equity and liabilities €96k
Equity
€82k▼ 40.3%
Debt
€14k▲ 16.1%
The debt ratio rises from 8.1% to 14.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2024 · €2k
Cash flow
€4k▲
2024 · €2k
Solvency
85.5%▼
2024 · 91.9%
Current ratio
6.49▼
2024 · 11.86
Quick ratio
6.49▼
2024 · 11.86
Debt / equity
0.17▲
2024 · 0.09
ROE
3.3%▲
2024 · 0.6%
ROA
2.8%▲
2024 · 0.5%
Interest coverage
10.14▲
2024 · 5.70
Debt
€14k▲
2024 · €12k
Debt ≤ 1 year
€14k▲
2024 · €12k
Income taxes
€758▼
2024 · €5k
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€149k€96k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€124-
Current assets29/58€143k€91k▼
Amounts receivable within one year40/41€89k€54k▼
Trade receivables40€6k€13k▲
Other amounts receivable41€84k€41k▼
Cash at bank and in hand54/58€53k€36k▼
Deferred charges and accrued income490/1€664€665▲
Equity and liabilities
Total equity and liabilities10/49€149k€96k▼
Equity10/15€137k€82k▼
Contributions10/11€6k€6k=
Reserves13€65k€9k▼
Distributable reserves133€65k€9k▼
Profit (loss) carried forward14€66k€67k▲
Amounts payable17/49€12k€14k▲
Amounts payable within one year42/48€12k€14k▲
Trade debts44€378€8k▲
Suppliers440/4€378€8k▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€8k€6k▼
Other amounts payable47/48€4k€816▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€3k€4k▲
Operating profit (loss)9901€526€2k▲
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€336€321▼
Recurring financial charges65€336€321▼
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€5k€758▼
Profit (loss) for the period9904€776€3k▲
Profit (loss) for the period to be appropriated9905€776€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€69k▲
Profit (loss) brought forward from the previous period14P€65k€66k▲
Transfer from equity791/2-€58k
Transfer to equity691/2-€2k
To other reserves6921-€2k
Profit to be distributed694/7-€58k
Return on contributions (dividend)694-€58k
The notes to these accounts (4 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €776 ▼97%
Net result drops to €776, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 13.63
Current ratio from 6.46 to 13.63; short-term debt falls from €31k to €12k.
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 44 days late
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 278 days late
2020
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 197 days late
2019
31-12
Financial
Highest result since 2018net €52k ▲21.1%
Operating result €59k, net result €52k, both a record.
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1993
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.
Prekelindenlaan 1361200 Sint-Lambrechts-WoluweGround area
640 m²
Building footprint
227 m²
Volume, LiDAR
2,861 m³
2 parcels, Brussels, Wallonia · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Place de la Neuville 13, 1348 Ottignies-Louvain-la-Neuve
since 19932.060.801.919
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0154/00Z032 | Brussels | 330 m² | 1 · 178 m² | 18.3 m · 5 fl. |
| 25386B0070/00R004 | Wallonia | 310 m² | 1 · 49 m² | 6.4 m · 2 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.
Similar companies · same sector, comparable size
SOPEX CONSULTING
BE 0711.716.417
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VESALIMMO
BE 0438.567.088
Knokke-Heist · Eq €82k
Chilldonk
BE 0695.684.592
Haacht · Eq €82k
Acturelle
BE 0820.323.159
Ramillies · Eq €82k
BOCO EUROPE
BE 0866.619.576
Leuven · Eq €82k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,573. 40,183 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-01-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74131
70210Activities of head offices; management consultancy activities
73200Market research and public opinion polling
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
82990Other business support services
85592Vocational training
86909Human health activities
86995Nutrition and dietetics services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.