FRESH -START
ActiveFRESH -START has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160k and a net result of €116k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 1894 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency96▼-4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.04 against 33.68 in 2024; short-term debt: 28.5% and cash: 70.8% of total assets), and 28.5% 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 63
Relative position
BE, all sectors
reference
Sector 63
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
71.5%
Return on assets
51.5%
Age of the figures
15 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
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €160k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-01-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
39 d early
2023
27 d early
2022
39 d early
2021
19 d early
2020
40 d early
2019
10 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€160k▲ 54.8%
2024 · €104k
2019: €174k
2020: €169k
2021: €168k
2022: €149k
2023: €120k
2024: €104k
2019 → 2025
Total assets
€224k▲ 111%
2024 · €106k
2019: €204k
2020: €199k
2021: €389k
2022: €242k
2023: €136k
2024: €106k
2019 → 2025
Net result
€116k
2024 · €-16k
2019: €30k
2020: €21k
2021: €-2k
2022: €-19k
2023: €-30k
2024: €-16k
2019 → 2025
Working capital
€130k▲ 43.7%
2024 · €91k
2019: €162k
2020: €157k
2021: €-108k
2022: €-38k
2023: €106k
2024: €91k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€168k-€149k▼ 11.2%€120k▼ 19.9%€104k▼ 13.3%€160k▲ 54.8%
Operating result€138-€-19k€-29k▼ 58.2%€-16k▲ 46.4%€152k
Net result€-2k-€-19k▼ 1,113%€-30k▼ 58.2%€-16k▲ 46.4%€116k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €152k after a loss of €16k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€30k▲ 133%
Current assets
€194k▲ 108%
Equity and liabilities €224k
Equity
€160k▲ 54.8%
Debt
€64k▲ 2,204%
The debt ratio rises from 2.6% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€158k▲
2024 · €-14k
Cash flow
€121k▲
2024 · €-14k
Solvency
71.5%▼
2024 · 97.4%
Current ratio
3.04▼
2024 · 33.68
Quick ratio
3.04▼
2024 · 33.68
Debt / equity
0.40▲
2024 · 0.03
ROE
72.1%▲
2024 · -15.3%
ROA
51.5%▲
2024 · -14.9%
Interest coverage
903.47▲
2024 · -102.47
Debt
€64k▲
2024 · €3k
Debt ≤ 1 year
€64k▲
2024 · €3k
Income taxes
€37k▲
2024 · €134
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€106k€224k▲
Fixed assets21/28€13k€30k▲
Tangible fixed assets22/27€13k€30k▲
Plant, machinery and equipment23€958€3k▲
Furniture and vehicles24€3k€18k▲
Other tangible fixed assets26€9k€9k=
Current assets29/58€94k€194k▲
Amounts receivable within one year40/41€12k€31k▲
Trade receivables40€700-
Other amounts receivable41€12k€31k▲
Cash at bank and in hand54/58€75k€159k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€106k€224k▲
Equity10/15€104k€160k▲
Contributions10/11€12k€12k=
Reserves13€156k€148k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€154k€148k▼
Profit (loss) carried forward14€-65k-
Amounts payable17/49€3k€64k▲
Amounts payable within one year42/48€3k€64k▲
Trade debts44€779€1k▲
Suppliers440/4€779€1k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48-€59k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-13k€159k▲
Operating profit (loss)9901€-16k€152k▲
Financial income75/76B€162€517▲
Recurring financial income75€162€517▲
Financial charges65/66B€138€175▲
Recurring financial charges65€138€175▲
Profit (loss) for the period before taxes9903€-16k€153k▲
Income taxes67/77€134€37k▲
Profit (loss) for the period9904€-16k€116k▲
Profit (loss) for the period to be appropriated9905€-16k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€51k▲
Profit (loss) brought forward from the previous period14P€-49k€-65k▼
Transfer from equity791/2-€59k
Transfer to equity691/2-€51k
To other reserves6921-€51k
Profit to be distributed694/7-€59k
Return on contributions (dividend)694-€59k
The notes to these accounts (5 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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €116k
Net result €116k after 4 loss-making years.
30-06
Financial
Equity above €150kEq €160k ▲54.8%
Equity rises from €104k to €160k.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity times 5current ratio 33.68
Current ratio from 7.34 to 33.68; short-term debt falls from €17k to €3k.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 12current ratio 7.34
Current ratio from 0.60 to 7.34; short-term debt falls from €93k to €17k.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-01
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
2 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, Ukkel · 1 establishment unit since 2011
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.
Drossaardgaarde 21180 UkkelGround area
762 m²
Building footprint
261 m²
Volume, LiDAR
2,679 m³
2 parcels, Brussels · tallest building 21.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
FRESH-START SPRL
since 20112.194.593.524
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0103/00Y008 | Brussels | 565 m² | 1 · 168 m² | 11.6 m · 2 fl. |
| 21444B0199/00Z022 | Brussels | 197 m² | 1 · 93 m² | 21.8 m · 6 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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BEURSDOK
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Of 3,151 companies in sector 63920 we hold annual accounts for 1,523. 1,229 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2010
Fiscal year end30-06
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.