EQUITHEMATA
ActiveEQUITHEMATA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-1k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency55=
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 10.67 against 10.23 in 2024), but 77.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
22.9%
Return on assets
-0.6%
Age of the figures
11 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€1k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
19 d early
2022
6 d early
2021
4 d early
2020
7 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€41k▼ 2.5%
2024 · €42k
2018: €31k
2019: €40k
2020: €42k
2021: €51k
2022: €54k
2023: €50k
2024: €42k
2018 → 2025
Total assets
€181k▼ 0.9%
2024 · €182k
2018: €56k
2019: €55k
2020: €135k
2021: €151k
2022: €200k
2023: €206k
2024: €182k
2018 → 2025
Net result
€-1k▲ 85.9%
2024 · €-7k
2018: €13k
2019: €9k
2020: €1k
2021: €9k
2022: €4k
2023: €-5k
2024: €-7k
2018 → 2025
Working capital
€157k▲ 4.1%
2024 · €151k
2018: €33k
2019: €42k
2020: €123k
2021: €129k
2022: €147k
2023: €150k
2024: €151k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€54k▲ 7.3%€50k▼ 8.6%€42k▼ 15.0%€41k▼ 2.5%
Operating result€14k-€5k▼ 61.2%€-5k€-8k▼ 55.6%€-905▲ 88.4%
Net result€9k-€4k▼ 59.2%€-5k€-7k▼ 59.3%€-1k▲ 85.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €905 in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €181k
Fixed assets
€7k▼ 50.8%
Current assets
€173k▲ 3.6%
Equity and liabilities €181k
Equity
€41k▼ 2.5%
Debt
€139k▼ 0.4%
The debt ratio rises from 76.8% to 77.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€7k▲
2024 · €-123
Cash flow
€7k▲
2024 · €242
Solvency
22.9%▼
2024 · 23.2%
Current ratio
10.67▲
2024 · 10.23
Quick ratio
4.10▲
2024 · 3.70
Debt / equity
3.37▲
2024 · 3.30
ROE
-2.5%▲
2024 · -17.6%
ROA
-0.6%▲
2024 · -4.1%
Interest coverage
29.03▲
2024 · -0.73
Debt
€139k▼
2024 · €140k
Debt ≤ 1 year
€16k▼
2024 · €16k
Debt > 1 year
€122k=
2024 · €122k
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€182k€181k▼
Fixed assets21/28€15k€7k▼
Tangible fixed assets22/27€15k€7k▼
Furniture and vehicles24€15k€7k▼
Current assets29/58€167k€173k▲
Stocks and contracts in progress3€107k€107k=
Stocks30/36€107k€107k=
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58€55k€61k▲
Deferred charges and accrued income490/1€675€746▲
Equity and liabilities
Total equity and liabilities10/49€182k€181k▼
Equity10/15€42k€41k▼
Contributions10/11€12k€12k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-12k€-13k▼
Amounts payable17/49€140k€139k▼
Amounts payable after more than one year17€122k€122k=
Financial debts170/4€122k€122k=
Amounts payable within one year42/48€16k€16k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Other amounts payable47/48€14k€11k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€275€671▲
Gross operating margin9900€152€7k▲
Operating profit (loss)9901€-8k€-905▲
Financial income75/76B€534€88▼
Recurring financial income75€534€88▼
Financial charges65/66B€169€234▲
Recurring financial charges65€169€234▲
Profit (loss) for the period before taxes9903€-7k€-1k▲
Profit (loss) for the period9904€-7k€-1k▲
Profit (loss) for the period to be appropriated9905€-7k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-13k▼
Profit (loss) brought forward from the previous period14P€-5k€-12k▼
The notes to these accounts (5 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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 7 days late
2020
30-09
Financial
Liquidity triplescurrent ratio 11.03
Current ratio from 4.19 to 11.03; short-term debt falls from €13k to €12k.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
SCHUT Helen Marijke
CurrentDirector · since 18-07-2024
18-07-2024
Appointed as Director
Location & real-estate footprint
Registered office, Keerbergen · 1 establishment unit since 2016
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.
Leeuwerikweg 323140 KeerbergenGround area
2,223 m²
Building footprint
152 m²
Volume, LiDAR
741 m³
Parcel 24472F0279/00H003, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Leeuwerikweg 32, 3140 Keerbergen
since 20162.259.084.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0279/00H003 | Flanders | 2,223 m² | 1 · 152 m² | 7.2 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
HENGELSPORT DE POEMPER
BE 0652.660.243
Boortmeerbeek · Eq €41k
PROMOTRADE
BE 0459.012.809
Sint-Martens-Latem · Eq €42k
DE STEENUIL
BE 0801.380.742
Mechelen · Eq €42k
MADDELIN
BE 0436.294.221
Torhout · Eq €43k
GABITHAN
BE 0741.881.932
La Louvière · Eq €43k
Of 1,306 companies in sector 47639 we hold annual accounts for 618. 470 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2016
Fiscal year end30-09
Activities, NACEBEL
47639Retail sale of other sporting goods
47640Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.