EXPLAIN IT
ActiveEXPLAIN IT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €649k and a net result of €-8k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 31510 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-65
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 15.3 against 9.64 in 2024), and 6.4% 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.
−lowers 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
93.6%
Return on assets
-1.1%
Age of the figures
11 mo
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 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
2 d late
2020
2 d early
2019
7 d early
← 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
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€649k▼ 18.1%
2024 · €792k
2018: €218k
2019: €302k
2020: €401k
2021: €467k
2022: €529k
2023: €690k
2024: €792k
2018 → 2025
Total assets
€693k▼ 21.3%
2024 · €881k
2018: €268k
2019: €329k
2020: €445k
2021: €544k
2022: €637k
2023: €738k
2024: €881k
2018 → 2025
Net result
€-8k
2024 · €102k
2018: €61k
2019: €85k
2020: €99k
2021: €66k
2022: €62k
2023: €160k
2024: €102k
2018 → 2025
Working capital
€635k▼ 17.6%
2024 · €770k
2018: €211k
2019: €294k
2020: €381k
2021: €454k
2022: €520k
2023: €679k
2024: €770k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€467k-€529k▲ 13.2%€690k▲ 30.3%€792k▲ 14.9%€649k▼ 18.1%
Operating result€96k-€89k▼ 7.5%€225k▲ 152%€133k▼ 40.6%€-9k
Net result€66k-€62k▼ 6.7%€160k▲ 160%€102k▼ 36.2%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €133k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693k
Fixed assets
€14k▼ 35.8%
Current assets
€679k▼ 21.0%
Equity and liabilities €693k
Equity
€649k▼ 18.1%
Debt
€44k▼ 50.2%
The debt ratio falls from 10.1% to 6.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-6k▼
2024 · €144k
Cash flow
€-4k▼
2024 · €113k
Solvency
93.6%▲
2024 · 89.9%
Current ratio
15.30▲
2024 · 9.64
Quick ratio
15.30▲
2024 · 9.64
Debt / equity
0.07▼
2024 · 0.11
ROE
-1.2%▼
2024 · 12.9%
ROA
-1.1%▼
2024 · 11.6%
Interest coverage
-0.96▼
2024 · 39.30
Debt
€44k▼
2024 · €89k
Debt ≤ 1 year
€44k▼
2024 · €89k
Income taxes
€527▼
2024 · €44k
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€881k€693k▼
Fixed assets21/28€22k€14k▼
Tangible fixed assets22/27€22k€14k▼
Land and buildings22€10k€9k▼
Furniture and vehicles24€12k€5k▼
Current assets29/58€859k€679k▼
Amounts receivable within one year40/41€380k€376k▼
Trade receivables40€156k€214k▲
Other amounts receivable41€225k€161k▼
Current investments50/53€267k€275k▲
Cash at bank and in hand54/58€213k€28k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€881k€693k▼
Equity10/15€792k€649k▼
Contributions10/11€12k€12k=
Reserves13€780k€636k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€778k€635k▼
Amounts payable17/49€89k€44k▼
Amounts payable within one year42/48€89k€44k▼
Financial debts43€8k€12k▲
Credit institutions430/8€8k€12k▲
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€33k€24k▼
Taxes450/3€33k€24k▼
Other amounts payable47/48€32k€93▼
Income statement
Code20242025
Non-recurring operating income76A-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€4k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€146k€-4k▼
Operating profit (loss)9901€133k€-9k▼
Financial income75/76B€16k€8k▼
Recurring financial income75€16k€8k▼
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€146k€-7k▼
Income taxes67/77€44k€527▼
Profit (loss) for the period9904€102k€-8k▼
Profit (loss) for the period to be appropriated9905€102k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€-8k▼
Transfer from equity791/2-€143k
Transfer to equity691/2€102k-
To other reserves6921€102k-
Profit to be distributed694/7-€135k
Return on contributions (dividend)694-€135k
The notes to these accounts (7 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-8k ▼108%
Net result drops to €-8k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €160k ▲160%
Operating result €225k, net result €160k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 14.90
Current ratio from 5.81 to 14.90; short-term debt falls from €108k to €49k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500kEq €529k ▲13.2%
5 profitable years in a row build equity to €529k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
28-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity doublescurrent ratio 12.11
Current ratio from 5.24 to 12.11; short-term debt falls from €50k to €26k.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
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
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, Zonhoven · 1 establishment unit since 2006
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.
Beskensstraat 323520 ZonhovenGround area
1,074 m²
Building footprint
167 m²
Volume, LiDAR
921 m³
Parcel 71066B0332/00M000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXPLAIN IT
since 20062.158.495.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71066B0332/00M000 | Flanders | 1,074 m² | 1 · 167 m² | 8.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500CWWBBN132H1595
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 32,228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-2006
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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.