Form@XL
ActiveForm@XL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97k and a net result of €81k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 427 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +67 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency91▲+68
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.1 against 1.33 in 2024), but 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
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
45.1%
Return on assets
37.6%
Age of the figures
8 mo
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 €97k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d early
2023
33 d early
2022
21 d early
2021
11 d early
2020
26 d early
2019
11 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€532k
EBIT margin
-0.8%
Net result
€81k
2024 · €-44k
2018: €737
2019: €91k
2020: €970
2021: €-15k
2022: €-6k
2023: €-24k
2024: €-44k
2018 → 2025
Working capital
€113k▲ 181%
2024 · €40k
2018: €90k
2019: €113k
2020: €145k
2021: €135k
2022: €118k
2023: €54k
2024: €40k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€532k
Equity€84k-€78k▼ 7.5%€54k▼ 30.9%€10k▼ 81.1%€97k▲ 855%
Operating result€-14k-€-4k▲ 70.3%€-20k▼ 371%€-41k▼ 106%€82k
Net result€-15k-€-6k▲ 58.9%€-24k▼ 281%€-44k▼ 81.2%€81k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €82k after a loss of €41k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€333▲ 113%
Current assets
€215k▲ 32.3%
Equity and liabilities €216k
Equity
€97k▲ 855%
Provisions
€14k▼ 50.0%
Debt
€105k▼ 16.3%
The debt ratio falls from 76.6% to 48.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€83k▲
2024 · €-41k
Cash flow
€81k▲
2024 · €-43k
Solvency
45.1%▲
2024 · 6.3%
Current ratio
2.10▲
2024 · 1.33
Quick ratio
2.10▲
2024 · 1.33
Debt / equity
1.07▼
2024 · 12.25
ROE
83.4%▲
2024 · -428.3%
ROA
37.6%▲
2024 · -26.8%
Interest coverage
59.82▲
2024 · -15.20
Debt
€105k▼
2024 · €125k
Debt ≤ 1 year
€103k▼
2024 · €123k
Staff costs
€502k▲
2024 · €502k
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€163k€216k▲
Fixed assets21/28€156€333▲
Tangible fixed assets22/27€156€333▲
Furniture and vehicles24€156€333▲
Current assets29/58€163k€215k▲
Amounts receivable within one year40/41€143k€149k▲
Other amounts receivable41€143k€149k▲
Cash at bank and in hand54/58€19k€66k▲
Deferred charges and accrued income490/1€991€995▲
Equity and liabilities
Total equity and liabilities10/49€163k€216k▲
Equity10/15€10k€97k▲
Reserves13€84k€90k▲
Profit (loss) carried forward14€-74k€7k▲
Provisions and deferred taxes16€28k€14k▼
Provisions for liabilities and charges160/5€28k€14k▼
Other liabilities and charges164/5€28k€14k▼
Amounts payable17/49€125k€105k▼
Amounts payable within one year42/48€123k€103k▼
Financial debts43€7k€7k=
Other loans439€7k€7k=
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€109k€91k▼
Taxes450/3€19k€16k▼
Remuneration and social security454/9€90k€75k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€474-
Goods, raw materials, services and sundry goods60/61€46k€42k▼
Remuneration, social security and pensions62€502k€502k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€157€323▲
Other operating charges640/8€29k€2k▼
Non-recurring operating charges66A-€70
Gross operating margin9900€518k€579k▲
Operating profit (loss)9901€-41k€82k▲
Financial income75/76B€78€131▲
Recurring financial income75€78€131▲
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€-44k€81k▲
Profit (loss) for the period9904€-44k€81k▲
Profit (loss) for the period to be appropriated9905€-44k€81k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-74k€7k▲
Profit (loss) brought forward from the previous period14P€-30k€-74k▼
Social balance
Average headcount (FTE)90877.47.4=
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €81k
Net result €81k after 4 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-44k
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €91k ▲12217%
Operating result €92k, net result €91k, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
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
8 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, Elsene · 1 establishment unit since 2007
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.
Collegestraat 301050 ElseneGround area
709 m²
Parcel 21009A0962/00Z022, Brussels. Linked by address, not a title deed.
1 establishment unit
Form@XL
since 20072.171.860.979
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0962/00Z022 | Brussels | 709 m² | - | - |
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
Q-SUPPORT
BE 0824.797.334
Merelbeke-Melle · Eq €97k
MULTI DISTRIBUTION SERVICES
BE 0447.618.970
Zwevegem · Eq €97k
COMMUNICATION CENTER INTERNATIONAL
BE 0426.757.240
Ganshoren · Eq €98k
CTC by Hilde Jacobs
BE 0665.584.603
Genk · Eq €98k
CONVIVIALITES
BE 0480.577.986
Vorst · Eq €99k
Of 3,006 companies in sector 85592 we hold annual accounts for 984. 745 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded03-07-2007
Fiscal year end31-12
Activities, NACEBEL
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 18 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:i.niang@formatxl.be