FEDERATE
ActiveFEDERATE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €217k and a net result of €31k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 71% of 1396 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-1
Solvency98▼-1
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 2.97 in 2024), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
59.5%
Return on assets
8.6%
Age of the figures
8 mo
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 · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €217k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
7 d early
2023
65 d early
2022
66 d early
2021
5 d early
2020
45 d early
2019
29 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€31k▲ 14.6%
2024 · €27k
2018: €52k
2019: €56k
2020: €41k
2021: €47k
2022: €45k
2023: €-8k
2024: €27k
2018 → 2025
Working capital
€232k▲ 40.5%
2024 · €165k
2018: €264k
2019: €323k
2020: €192k
2021: €123k
2022: €140k
2023: €172k
2024: €165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€122k-€167k▲ 36.5%€159k▼ 4.8%€186k▲ 17.2%€217k▲ 16.8%
Operating result€68k-€63k▼ 6.8%€-6k€37k€46k▲ 23.8%
Net result€47k-€45k▼ 5.7%€-8k€27k€31k▲ 14.6%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 24% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365k
Fixed assets
€13k▼ 67.8%
Current assets
€352k▲ 41.7%
Equity and liabilities €365k
Equity
€217k▲ 16.8%
Debt
€148k▲ 43.5%
The debt ratio rises from 35.7% to 40.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€56k▲
2024 · €47k
Cash flow
€42k▲
2024 · €38k
Solvency
59.5%▼
2024 · 64.3%
Current ratio
2.93▼
2024 · 2.97
Quick ratio
2.93▼
2024 · 2.97
Debt / equity
0.68▲
2024 · 0.55
ROE
14.4%▼
2024 · 14.7%
ROA
8.6%▼
2024 · 9.4%
Interest coverage
305.63▼
2024 · 307.70
Debt
€148k▲
2024 · €103k
Debt ≤ 1 year
€120k▲
2024 · €84k
Income taxes
€15k▲
2024 · €10k
Staff costs
€133k▲
2024 · €97k
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€289k€365k▲
Fixed assets21/28€41k€13k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€12k€9k▼
Plant, machinery and equipment23€150€51▼
Furniture and vehicles24€11k€9k▼
Financial fixed assets28€22k€50▼
Current assets29/58€249k€352k▲
Amounts receivable within one year40/41€206k€249k▲
Trade receivables40€198k€249k▲
Other amounts receivable41€8k-
Cash at bank and in hand54/58€37k€98k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€289k€365k▲
Equity10/15€186k€217k▲
Contributions10/11€6k€6k=
Reserves13€170k€200k▲
Distributable reserves133€170k€200k▲
Profit (loss) carried forward14€10k€11k▲
Amounts payable17/49€103k€148k▲
Amounts payable within one year42/48€84k€120k▲
Trade debts44€68k€47k▼
Suppliers440/4€68k€47k▼
Advances received on contracts in progress46-€19k
Taxes, remuneration and social security45€16k€54k▲
Taxes450/3€5k€39k▲
Remuneration and social security454/9€11k€15k▲
Other amounts payable47/48-€40
Accrued charges and deferred income492/3€20k€28k▲
Income statement
Code20242025
Remuneration, social security and pensions62€97k€133k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€145k€190k▲
Operating profit (loss)9901€37k€46k▲
Financial income75/76B€22€509▲
Recurring financial income75€22€509▲
Financial charges65/66B€154€185▲
Recurring financial charges65€154€185▲
Profit (loss) for the period before taxes9903€37k€46k▲
Income taxes67/77€10k€15k▲
Profit (loss) for the period9904€27k€31k▲
Profit (loss) for the period to be appropriated9905€27k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€41k▲
Profit (loss) brought forward from the previous period14P€640€10k▲
Transfer to equity691/2€18k€30k▲
To other reserves6921€18k€30k▲
Social balance
Average headcount (FTE)9087-2.9
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
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €200kEq €217k ▲16.8%
2 profitable years in a row build equity to €217k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-8k ▼118%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €167k ▲36.5%
5 profitable years in a row build equity to €167k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €56k ▲8.4%
Net result €56k, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Schaarbeek · 1 establishment unit since 2013
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.
Artanstraat 1201030 SchaarbeekGround area
422 m²
Building footprint
404 m²
Volume, LiDAR
3,321 m³
Parcel 21906D0067/00G005, Brussels · tallest building 16.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Artanstraat 120, 1030 Schaarbeek
since 20132.216.403.280
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0067/00G005 | Brussels | 422 m² | 1 · 404 m² | 16.5 m · 3 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 16,811 companies in sector 62100 we hold annual accounts for 8,749. 6,475 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded11-01-2013
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
62020IT consultancy
62200Computer consultancy and computer facilities management
73110Advertising agencies
73120Media representation
74109Other professional, scientific and technical activities
74140Other specialised design activities
74201Photography, excluding press photography
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.