EXPLHORECA
ActiveEXPLHORECA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €100k and a net result of €6k. Equity is growing by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 9865 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
129 d late
2022
152 d late
2021
153 d late
2020
232 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€100k▲ 6.3%
2023 · €94k
2020: €13k
2021: €37k
2022: €85k
2023: €94k
2020 → 2024
Net result
€6k▼ 36.8%
2023 · €9k
2020: €-12k
2021: €23k
2022: €48k
2023: €9k
2020 → 2024
Total assets
€289k▼ 5.2%
2023 · €304k
2020: €178k
2021: €207k
2022: €228k
2023: €304k
2020 → 2024
Solvency
34.5%▲ 3.7pp
2023 · 30.8%
2020: 7.5%
2021: 17.7%
2022: 37.1%
2023: 30.8%
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€13k-€37k▲ 174%€85k▲ 130%€94k▲ 11.0%€100k▲ 6.3%
Operating result€-6k-€30k€64k▲ 111%€20k▼ 68.4%€15k▼ 26.5%
Net result€-12k-€23k€48k▲ 106%€9k▼ 80.6%€6k▼ 36.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €289k
Fixed assets
€185k=
Current assets
€104k▼ 13.3%
Equity and liabilities €289k
Equity
€100k▲ 6.3%
Debt
€189k▼ 10.3%
The debt ratio falls from 69.2% to 65.5%: equity grows while debt is paid down.
Key figures and ratios
Solvency
34.5%▲
2023 · 30.8%
ROE
5.9%▼
2023 · 9.9%
ROA
2.0%▼
2023 · 3.0%
Debt
€189k▼
2023 · €211k
Debt ≤ 1 year
€189k▼
2023 · €198k
Debt > 1 year
€0▼
2023 · €13k
Income taxes
€6k▲
2023 · €3k
Staff costs
€31k▼
2023 · €89k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€304k€289k▼
Fixed assets21/28€185k€185k=
Financial fixed assets28€185k€185k=
Current assets29/58€119k€104k▼
Amounts receivable within one year40/41€119k€97k▼
Trade receivables40€114k€91k▼
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€86€2k▲
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€304k€289k▼
Equity10/15€94k€100k▲
Contributions10/11€25k€25k=
Outside capital11€25k-
Other1109/19€25k-
Reserves13€69k€75k▲
Distributable reserves133€69k€75k▲
Amounts payable17/49€211k€189k▼
Amounts payable after more than one year17€13k€0▼
Financial debts170/4€13k€0▼
Amounts payable within one year42/48€198k€189k▼
Current portion of amounts payable after more than one year42€33k€13k▼
Trade debts44€29k€39k▲
Suppliers440/4€29k€39k▲
Taxes, remuneration and social security45€61k€51k▼
Taxes450/3€44k€35k▼
Remuneration and social security454/9€18k€16k▼
Other amounts payable47/48€74k€86k▲
Income statement
Code20232024
Remuneration, social security and pensions62€89k€31k▼
Other operating charges640/8€5k€11k▲
Gross operating margin9900€114k€57k▼
Operating profit (loss)9901€20k€15k▼
Financial income75/76B-€182
Recurring financial income75-€182
Financial charges65/66B€9k€3k▼
Recurring financial charges65€9k€3k▼
Profit (loss) for the period before taxes9903€12k€12k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€9k€6k▼
Profit (loss) for the period to be appropriated9905€9k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€6k▼
Profit (loss) brought forward from the previous period14P€60k-
Transfer to equity691/2€69k€6k▼
To other reserves6921€69k€6k▼
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
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 129 days late
2023
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 152 days late
2022
31-12
Financial
Highest result since 2020net €48k ▲106%
Operating result €64k, net result €48k, both a record.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
20-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 232 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
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, Kalmthout · 1 establishment unit since 2019
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.
Heibloemlaan (Heide) 902920 KalmthoutGround area
858 m²
Building footprint
240 m²
Volume, LiDAR
967 m³
Parcel 11022F0057/00G020, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Heibloemlaan (Heide) 90, 2920 Kalmthout
since 20192.295.234.388
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022F0057/00G020 | Flanders | 858 m² | 1 · 240 m² | 8.2 m · 1 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.
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Of 24,641 companies in sector 64210 we hold annual accounts for 19,693. 12,269 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.