EXPLICITE & …
ActiveEXPLICITE & … has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €-8k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
65
/ 100
Healthy▼ -25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-91
Solvency98▲+8
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.68 in 2024), and 29.1% 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
70.9%
Return on assets
-19.2%
Age of the figures
8 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 06-08-2026, 6 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
6 d late
2024
on the day
2023
6 d early
2022
31 d late
2021
6 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 21.3%
2024 · €36k
2021: €26k
2022: €30k
2023: €82k
2024: €36k
2021 → 2025
Total assets
€40k▼ 36.8%
2024 · €64k
2021: €50k
2022: €41k
2023: €125k
2024: €64k
2021 → 2025
Net result
€-8k
2024 · €7k
2021: €24k
2022: €4k
2023: €52k
2024: €7k
2021 → 2025
Working capital
€11k▼ 28.7%
2024 · €15k
2021: €9k
2022: €18k
2023: €62k
2024: €15k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€30k▲ 15.0%€82k▲ 176%€36k▼ 55.8%€29k▼ 21.3%
Operating result€35k-€8k▼ 76.5%€72k▲ 778%€12k▼ 83.9%€-7k
Net result€24k-€4k▼ 83.8%€52k▲ 1,252%€7k▼ 87.4%€-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 €7k after €12k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€18k▼ 32.1%
Current assets
€22k▼ 40.3%
Equity and liabilities €40k
Equity
€29k▼ 21.3%
Debt
€12k▼ 57.3%
The debt ratio falls from 43.0% to 29.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€2k▼
2024 · €20k
Cash flow
€936▼
2024 · €15k
Solvency
70.9%▲
2024 · 57.0%
Current ratio
1.93▲
2024 · 1.68
Quick ratio
1.93▲
2024 · 1.68
Debt / equity
0.41▼
2024 · 0.76
ROE
-27.1%▼
2024 · 18.1%
ROA
-19.2%▼
2024 · 10.3%
Interest coverage
2.84▼
2024 · 22.47
Debt
€12k▼
2024 · €27k
Debt ≤ 1 year
€11k▼
2024 · €22k
Income taxes
€452▼
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€64k€40k▼
Fixed assets21/28€27k€18k▼
Tangible fixed assets22/27€27k€18k▼
Furniture and vehicles24€27k€18k▼
Current assets29/58€37k€22k▼
Amounts receivable after more than one year29-€17k
Trade receivables290-€16k
Other amounts receivable291-€2k
Amounts receivable within one year40/41€2k-
Trade receivables40€2k-
Other amounts receivable41€467-
Cash at bank and in hand54/58€34k€5k▼
Equity and liabilities
Total equity and liabilities10/49€64k€40k▼
Equity10/15€36k€29k▼
Contributions10/11€2k€2k=
Reserves13€28k€28k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€7k€-1k▼
Amounts payable17/49€27k€12k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€22k€11k▼
Current portion of amounts payable after more than one year42€6k€5k▼
Trade debts44€559€4k▲
Suppliers440/4€559€4k▲
Taxes, remuneration and social security45€15k€3k▼
Taxes450/3€15k€3k▼
Other amounts payable47/48-€65
Accrued charges and deferred income492/3€671€382▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€928€539▼
Gross operating margin9900€21k€2k▼
Operating profit (loss)9901€12k€-7k▼
Financial income75/76B€1k€300▼
Recurring financial income75€1k€300▼
Financial charges65/66B€904€591▼
Recurring financial charges65€904€591▼
Profit (loss) for the period before taxes9903€12k€-7k▼
Income taxes67/77€5k€452▼
Profit (loss) for the period9904€7k€-8k▼
Profit (loss) for the period to be appropriated9905€7k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€-1k▼
Profit (loss) brought forward from the previous period14P€52k€7k▼
Profit to be distributed694/7€52k-
Return on contributions (dividend)694€52k-
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Weakest financial yearnet €-8k ▼218%
Net result drops to €-8k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €52k ▲1252%
Operating result €72k, net result €52k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.79
Current ratio from 1.39 to 2.79; short-term debt falls from €24k to €10k.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Thimister-Clermont · 1 establishment unit since 2020
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.
Lohirville 204890 Thimister-ClermontGround area
1,824 m²
Building footprint
221 m²
Volume, LiDAR
1,146 m³
Parcel 63017C0786/00H000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXPLICITE & ...
since 20202.304.868.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63017C0786/00H000 | Wallonia | 1,824 m² | 1 · 221 m² | 8.1 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
HAROLD VERMEIREN
BE 0702.821.616
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ADOC ARCHITECTES
BE 0821.251.092
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SALMENTO
BE 0537.485.611
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Architectenbureau Bernard Rogiers
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Of 18,210 companies in sector 71111 we hold annual accounts for 6,291. 4,862 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2020
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
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.