FINANCE XPLAINED
ActiveFINANCE XPLAINED has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195k and a net result of €33k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+3
Solvency59▲+6
Growth70=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.21 in 2024; short-term debt: 48.7% and cash: 9.8% of total assets), and 66.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
33.7%
Return on assets
5.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
59 d early
2023
64 d early
2022
49 d early
2021
3 d late
2020
37 d early
2019
5 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€166k▲ 8.2%
2021 · €154k
2018: €127k
2019: €102k
2020: €58k
2021: €154k
2018 → 2022
EBIT margin
-10.1%▼ 57.7pp
2021 · 47.6%
2018: 16.2%
2019: -10.4%
2020: -58.1%
2021: 47.6%
2018 → 2022
Net result
€33k▲ 62.2%
2024 · €21k
2018: €17k
2019: €-15k
2020: €-34k
2021: €73k
2022: €-19k
2023: €40k
2024: €21k
2018 → 2025
Working capital
€-192k▲ 19.1%
2024 · €-237k
2018: €95k
2019: €77k
2020: €44k
2021: €117k
2022: €-105k
2023: €-211k
2024: €-237k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€154k-€166k▲ 8.2%
Equity€120k-€101k▼ 15.7%€141k▲ 39.2%€161k▲ 14.6%€195k▲ 20.6%
Operating result€73k-€-17k€53k€30k▼ 43.7%€36k▲ 20.1%
Net result€73k-€-19k€40k€21k▼ 48.2%€33k▲ 62.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579k
Fixed assets
€488k▼ 5.7%
Current assets
€90k▲ 43.8%
Equity and liabilities €579k
Equity
€195k▲ 20.6%
Debt
€384k▼ 8.4%
The debt ratio falls from 72.2% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▲
2024 · €61k
Cash flow
€70k▲
2024 · €52k
Solvency
33.7%▲
2024 · 27.8%
Current ratio
0.32▲
2024 · 0.21
Quick ratio
0.32▲
2024 · 0.21
Debt / equity
1.97▼
2024 · 2.60
ROE
17.1%▲
2024 · 12.7%
ROA
5.8%▲
2024 · 3.5%
Interest coverage
25.02▲
2024 · 17.24
Debt
€384k▼
2024 · €419k
Debt ≤ 1 year
€282k▼
2024 · €300k
Debt > 1 year
€102k▼
2024 · €120k
Income taxes
€47▼
2024 · €7k
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€581k€579k▼
Fixed assets21/28€518k€488k▼
Tangible fixed assets22/27€517k€487k▼
Land and buildings22€517k€482k▼
Furniture and vehicles24-€5k
Financial fixed assets28€1k€1k=
Current assets29/58€63k€90k▲
Amounts receivable within one year40/41€21k€34k▲
Trade receivables40€21k€34k▲
Cash at bank and in hand54/58€42k€57k▲
Equity and liabilities
Total equity and liabilities10/49€581k€579k▼
Equity10/15€161k€195k▲
Contributions10/11€19k€19k=
Reserves13€122k€143k▲
Distributable reserves133€122k€143k▲
Profit (loss) carried forward14€21k€33k▲
Amounts payable17/49€419k€384k▼
Amounts payable after more than one year17€120k€102k▼
Financial debts170/4€120k€102k▼
Amounts payable within one year42/48€300k€282k▼
Current portion of amounts payable after more than one year42€16k-
Financial debts43€3k€18k▲
Credit institutions430/8€3k€18k▲
Trade debts44€19k€5k▼
Suppliers440/4€19k€5k▼
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€9k€12k▲
Other amounts payable47/48€252k€248k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€115k€100k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€37k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€63k€74k▲
Operating profit (loss)9901€30k€36k▲
Financial income75/76B€1k€559▼
Recurring financial income75€1k€559▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€28k€33k▲
Income taxes67/77€7k€47▼
Profit (loss) for the period9904€21k€33k▲
Profit (loss) for the period to be appropriated9905€21k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€33k▲
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €161k ▲14.6%
2 profitable years in a row build equity to €161k.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Back to profitnet €73k
Net result €73k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €120k ▲155%
Equity rises from €47k to €120k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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
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, Zottegem · 1 establishment unit since 2004
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.
Graaf van Hoornlaan 59620 ZottegemGround area
1,905 m²
Building footprint
311 m²
Volume, LiDAR
1,489 m³
2 parcels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FinanceXplained BVBA
since 20042.139.389.735
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45028B0080/00R002 | Flanders | 1,562 m² | 1 · 211 m² | 6.6 m · 1 fl. |
| 41081A0949/00G000 | Flanders | 343 m² | 1 · 100 m² | 10.8 m · 2 fl. |
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 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,274 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-2004
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
70200Business and other management consultancy
70220Business consulting
74142
85599Other education
85699Other educational support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.