EQUINET
ActiveSummary
EQUINET has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €7k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 463 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+14
Solvency27▲+1
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 3.8 against 4.41 in 2024; short-term debt: 26.2% and cash: 85.1% of total assets), but 98.1% of the assets are financed with debt.
Credit check 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 88
Relative position
BE, all sectors
reference
Sector 88
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
1.9%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 463 sector peers (2025).
NBB · sector comparisonPosition among 463 sector peers
Solvency
better than 6%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
26 d late
2023
5 d late
2022
2 d late
2021
4 d early
2020
29 d early
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k
2024 · €-13k
2018: €16k
2019: €-750
2020: €15k
2021: €29k
2022: €-17k
2023: €-19k
2024: €-13k
2018 → 2025
Working capital
€1.29M▼ 11.6%
2024 · €1.45M
2018: €932k
2019: €1.03M
2020: €1.29M
2021: €1.19M
2022: €1.07M
2023: €1.10M
2024: €1.45M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€58k▼ 23.3%€38k▼ 33.4%€25k▼ 33.7%€33k▲ 28.3%
Operating result€31k-€-26k€-15k▲ 41.6%€-19k▼ 23.5%€28k
Net result€29k-€-17k€-19k▼ 10.2%€-13k▲ 32.8%€7k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €28k after a loss of €19k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.75M
Fixed assets
€8k ▼ 11.4%
Current assets
€1.75M ▼ 7.2%
Equity and liabilities €1.75M
Equity
€33k ▲ 28.3%
Debt
€1.72M ▼ 7.7%
Debt's share of the balance-sheet total falls from 98.7% to 98.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €-15k
Cash flow
€12k▲
2024 · €-9k
Current ratio
3.80▼
2024 · 4.41
Debt to equity
52.76▼
2024 · 73.33
ROE
22.0%▲
2024 · -50.9%
ROA
0.4%▲
2024 · -0.7%
Interest coverage
1.56▲
2024 · -6.48
Debt ≤ 1 year
€459k▲
2024 · €426k
Staff costs
€1.19M▲
2024 · €1.06M
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 · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.89M€1.75M▼
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€9k€8k▼
Furniture and vehicles24€9k€8k▼
Financial fixed assets28€100€100=
Current assets29/58€1.88M€1.75M▼
Amounts receivable within one year40/41€4k€18k▲
Other amounts receivable41€4k€18k▲
Cash at bank and in hand54/58€1.68M€1.49M▼
Deferred charges and accrued income490/1€195k€235k▲
Equity and liabilities
Total equity and liabilities10/49€1.89M€1.75M▼
Equity10/15€25k€33k▲
Profit (loss) carried forward14€25k€33k▲
Amounts payable17/49€1.86M€1.72M▼
Amounts payable within one year42/48€426k€459k▲
Trade debts44€160k€172k▲
Suppliers440/4€160k€172k▲
Taxes, remuneration and social security45€252k€273k▲
Taxes450/3€64k€58k▼
Remuneration and social security454/9€188k€215k▲
Accrued charges and deferred income492/3€1.44M€1.26M▼
Income statement
Code20242025
Non-recurring operating income76A€559-
Remuneration, social security and pensions62€1.06M€1.19M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Non-recurring operating charges66A€21€105▲
Gross operating margin9900€1.05M€1.23M▲
Operating profit (loss)9901€-19k€28k▲
Financial income75/76B€8k€7▼
Recurring financial income75€8k€7▼
Financial charges65/66B€2k€21k▲
Recurring financial charges65€2k€21k▲
Profit (loss) for the period before taxes9903€-13k€7k▲
Profit (loss) for the period9904€-13k€7k▲
Profit (loss) for the period to be appropriated9905€-13k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€33k▲
Profit (loss) brought forward from the previous period14P€38k€25k▼
Social balance
Average headcount (FTE)908713.313.6▲
The notes to these accounts (10 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €29k ▲92.9%
Operating result €31k, net result €29k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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-Gillis (bij-Brussel) · 1 establishment unit since 2007
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.
Victor Hortaplein 401060 Sint-Gillis (bij-Brussel)Ground area
4,519 m²
Parcel 21562A0405/00K005, Brussels. Linked by address, not a title deed.
1 establishment unit
EQUINET
since 20072.179.085.303
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0405/00K005 | Brussels | 4,519 m² | - | - |
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
European Union, budget
2021 to 2025 · 5 entries · 6,970,000 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 1,685,000 EUR |
| 2024 | 1 | 1,685,000 EUR |
| 2023 | 1 | 1,200,000 EUR |
| 2022 | 1 | 1,200,000 EUR |
| 2021 | 1 | 1,200,000 EUR |
Projects
EQUINET WORK PLAN 2026
WP2025 - ANNUAL WORK PLAN OF EQUINET FOR 2025
WP2024 - WORK PLAN 2024 - EQUINET
WP2023 - EQUINET WORK PLAN 2023
EQUINET WP2022 - EQUINET WORK PLAN PROPOSAL FOR
Similar companies · same sector, comparable size
FACE FOR CHILDREN IN NEED
BE 0862.061.170
Overijse · Eq €33,041
Fléron Titres-Services
BE 0764.372.371
Fléron · Eq €33,131
Travail et Autonomie pour personnes Handicapés
BE 0425.346.978
Liège · Eq €32,026
Eléonore de Granges
BE 0741.588.160
Halle · Eq €31,952
Dockers
BE 0736.580.287
Sint-Gillis (bij-Brussel) · Eq €33,492
Of 2,203 companies in sector 88999 we hold annual accounts for 802. 399 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 formInt'l non-profit association
Founded27-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.