FINTRAX
ActiveFINTRAX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €620k and a net result of €405k. Equity is growing by ~115.7% per year across the filed fiscal years. Its solvency ranks better than 77% of 2821 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
100
/ 100
Excellent▲ +11 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+33
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 1.19 in 2023), and 28.3% 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+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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.7%
Return on assets
46.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
27 d early
2022
10 d late
2021
23 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€620k▲ 180%
2023 · €222k
2020: €23k
2021: €99k
2022: €108k
2023: €222k
2020 → 2024
Total assets
€865k▲ 58.6%
2023 · €545k
2020: €163k
2021: €253k
2022: €315k
2023: €545k
2020 → 2024
Net result
€405k▲ 238%
2023 · €120k
2020: €20k
2021: €76k
2022: €9k
2023: €120k
2020 → 2024
Working capital
€269k▲ 473%
2023 · €47k
2020: €101k
2021: €165k
2022: €139k
2023: €47k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€99k▲ 336%€108k▲ 8.9%€222k▲ 105%€620k▲ 180%
Operating result€26k-€100k▲ 281%€19k▼ 81.5%€163k▲ 782%€379k▲ 132%
Net result€20k-€76k▲ 287%€9k▼ 88.4%€120k▲ 1,254%€405k▲ 238%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 132% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €865k
Fixed assets
€397k▲ 59.0%
Current assets
€467k▲ 58.3%
Equity and liabilities €865k
Equity
€620k▲ 180%
Debt
€244k▼ 24.4%
The debt ratio falls from 59.3% to 28.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€457k▲
2023 · €184k
Cash flow
€483k▲
2023 · €140k
Solvency
71.7%▲
2023 · 40.7%
Current ratio
2.36▲
2023 · 1.19
Quick ratio
2.36▲
2023 · 1.19
Debt / equity
0.39▼
2023 · 1.46
ROE
65.3%▲
2023 · 54.0%
ROA
46.8%▲
2023 · 22.0%
Interest coverage
50.28▲
2023 · 25.46
Debt
€244k▼
2023 · €323k
Debt ≤ 1 year
€198k▼
2023 · €248k
Debt > 1 year
€30k▼
2023 · €64k
Income taxes
€-33k▼
2023 · €38k
Staff costs
€278k▲
2023 · €213k
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€545k€865k▲
Fixed assets21/28€250k€397k▲
Intangible fixed assets21€225k€355k▲
Tangible fixed assets22/27€25k€43k▲
Furniture and vehicles24€18k€34k▲
Other tangible fixed assets26€7k€8k▲
Current assets29/58€295k€467k▲
Amounts receivable within one year40/41€239k€328k▲
Trade receivables40€152k€238k▲
Other amounts receivable41€87k€90k▲
Cash at bank and in hand54/58€55k€137k▲
Deferred charges and accrued income490/1€479€3k▲
Equity and liabilities
Total equity and liabilities10/49€545k€865k▲
Equity10/15€222k€620k▲
Contributions10/11€3k€3k=
Reserves13€219k€617k▲
Distributable reserves133€219k€617k▲
Amounts payable17/49€323k€244k▼
Amounts payable after more than one year17€64k€30k▼
Financial debts170/4€64k€30k▼
Amounts payable within one year42/48€248k€198k▼
Current portion of amounts payable after more than one year42€56k€34k▼
Financial debts43-€17k
Credit institutions430/8-€17k
Trade debts44€64k€64k▼
Suppliers440/4€64k€64k▼
Taxes, remuneration and social security45€90k€55k▼
Taxes450/3€63k€25k▼
Remuneration and social security454/9€27k€30k▲
Other amounts payable47/48€38k€28k▼
Accrued charges and deferred income492/3€11k€16k▲
Income statement
Code20232024
Remuneration, social security and pensions62€213k€278k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€79k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€290€948▲
Gross operating margin9900€403k€737k▲
Operating profit (loss)9901€163k€379k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€7k€9k▲
Recurring financial charges65€7k€9k▲
Profit (loss) for the period before taxes9903€158k€372k▲
Income taxes67/77€38k€-33k▼
Profit (loss) for the period9904€120k€405k▲
Profit (loss) for the period to be appropriated9905€120k€405k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€405k▲
Transfer to equity691/2€114k€398k▲
To other reserves6921€114k€398k▲
Profit to be distributed694/7€6k€6k▲
Employees696€6k€6k▲
Social balance
Average headcount (FTE)90874.04.3▲
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
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €405k ▲238%
Operating result €379k, net result €405k, both a record.
31-12
Financial
Equity above €500kEq €620k ▲180%
5 profitable years in a row build equity to €620k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €222k ▲105%
4 profitable years in a row build equity to €222k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 10 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼88.4%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €108k ▲8.9%
3 profitable years in a row build equity to €108k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Gent · 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.
Ketelvest 239000 GentGround area
1,470 m²
Building footprint
1,377 m²
Volume, LiDAR
28,919 m³
Parcel 44805E0065/00D000, Flanders · tallest building 31.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
FINTRAX
since 20192.290.914.425
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44805E0065/00D000indicative | Flanders | 1,470 m² | 1 · 1,377 m² | 31.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 293,172 EUR awarded · 234,820 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 116,000 EUR |
| 2024 | 2 | 292,917 EUR | 118,565 EUR |
| 2023 | 1 | 255 EUR | 255 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,811 companies in sector 62100 we hold annual accounts for 8,749. 5,088 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-2019
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.