Extended 111
ActiveThe computed 12-month bankruptcy probability of Extended 111 is 2.8% (moderate). The 2024 annual accounts show negative equity (€-137k) and a net result of €-387k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 6593 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -43 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency33▼-6
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 1.06 in 2023), and equity is negative.
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 · 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 2024Solvency, return and age of the figures
Solvency
-23.5%
Return on assets
-66.6%
Age of the figures
20 mo
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 · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€137k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-11-2025, 109 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
109 d late
2023
126 d late
2022
70 d late
2021
45 d late
2020
102 d late
2019
52 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-387k▼ 3,480%
2023 · €-11k
2019: €12k
2020: €50k
2021: €159k
2022: €19k
2023: €-11k
2019 → 2024
Working capital
€-370k
2023 · €42k
2019: €-41k
2020: €7k
2021: €151k
2022: €138k
2023: €42k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€83k-€242k▲ 193%€261k▲ 7.9%€250k▼ 4.1%€-137k
Operating result€62k-€218k▲ 250%€45k▼ 79.2%€1k▼ 97.7%€-361k
Net result€50k-€159k▲ 217%€19k▼ 88.0%€-11k€-387k▼ 3,480%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €361k after €1k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €581k
Fixed assets
€268k▼ 2.5%
Current assets
€312k▼ 56.9%
Key figures and ratios
EBITDA
€-300k▼
2023 · €46k
Cash flow
€-326k▼
2023 · €34k
Solvency
-23.5%▼
2023 · 25.0%
Current ratio
0.46▼
2023 · 1.06
Quick ratio
0.30▼
2023 · 0.73
Debt / equity
-5.25▼
2023 · 3.00
ROE
283.2%▲
2023 · -4.3%
ROA
-66.6%▼
2023 · -1.1%
Interest coverage
-31.44▼
2023 · 5.39
Debt
€717k▼
2023 · €750k
Debt ≤ 1 year
€682k▼
2023 · €682k
Debt > 1 year
€35k▼
2023 · €62k
Income taxes
€17k▲
2023 · €4k
Staff costs
€71k▲
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1,000k€581k▼
Fixed assets21/28€275k€268k▼
Tangible fixed assets22/27€264k€247k▼
Plant, machinery and equipment23€140k€148k▲
Furniture and vehicles24€23k€27k▲
Leasing and similar rights25€94k€67k▼
Other tangible fixed assets26€3k€2k▼
Assets under construction and advance payments27€4k€3k▼
Financial fixed assets28€11k€21k▲
Current assets29/58€725k€312k▼
Stocks and contracts in progress3€226k€106k▼
Stocks30/36€226k€106k▼
Amounts receivable within one year40/41€478k€177k▼
Trade receivables40€469k€172k▼
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€18k€28k▲
Deferred charges and accrued income490/1€3k€989▼
Equity and liabilities
Total equity and liabilities10/49€1,000k€581k▼
Equity10/15€250k€-137k▼
Contributions10/11€19k€19k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€232k€-155k▼
Amounts payable17/49€750k€717k▼
Amounts payable after more than one year17€62k€35k▼
Financial debts170/4€62k€35k▼
Amounts payable within one year42/48€682k€682k▼
Current portion of amounts payable after more than one year42€35k€34k▼
Trade debts44€503k€378k▼
Suppliers440/4€503k€378k▼
Advances received on contracts in progress46€4k€51k▲
Taxes, remuneration and social security45€10k€78k▲
Taxes450/3€750€66k▲
Remuneration and social security454/9€10k€12k▲
Other amounts payable47/48€130k€140k▲
Accrued charges and deferred income492/3€6k-
Income statement
Code20232024
Remuneration, social security and pensions62€44k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€61k▲
Other operating charges640/8€7k€34k▲
Non-recurring operating charges66A-€101
Gross operating margin9900€96k€-195k▼
Operating profit (loss)9901€1k€-361k▼
Financial income75/76B€354€859▲
Recurring financial income75€354€859▲
Financial charges65/66B€8k€10k▲
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€-7k€-370k▼
Income taxes67/77€4k€17k▲
Profit (loss) for the period9904€-11k€-387k▼
Profit (loss) for the period to be appropriated9905€-11k€-387k▼
Appropriation of the result
Profit (loss) to be appropriated9906€232k€-155k▼
Profit (loss) brought forward from the previous period14P€242k€232k▼
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 109 days late
2024
31-12
Financial
Weakest financial yearnet €-387k
Net result drops to €-387k, the lowest in the series.
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 126 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 45 days late
2021
31-12
Financial
Highest result since 2019net €159k ▲217%
Operating result €218k, net result €159k, both a record.
31-12
Financial
Equity above €200kEq €242k ▲193%
3 profitable years in a row build equity to €242k.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 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.
Stoofstraat 61000 BrusselGround area
1,325 m²
Building footprint
1,069 m²
Volume, LiDAR
12,507 m³
2 parcels, Brussels, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ETU
since 20192.299.561.479
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0424/00D000 | Wallonia | 1,273 m² | 1 · 1,069 m² | 13.0 m · 4 fl. |
| 21004A1275/00F000 | Brussels | 52 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 657 companies in sector 47715 we hold annual accounts for 186. 122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2017
Fiscal year end31-12
Activities, NACEBEL
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47120Other non-specialised retail sale
47721Retail sale of footwear
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:simampoirvan@yahoo.com