G-CONVERT
ActiveG-CONVERT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €6k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+30
Solvency83▼-17
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.34 against 7.72 in 2023; short-term debt: 41.6% and cash: 55.3% of total assets), and 41.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.4%
Return on assets
9%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
32 d late
2022
29 d late
2021
150 d early
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 18.2%
2023 · €35k
2019: €50k
2020: €41k
2021: €37k
2022: €41k
2023: €35k
2019 → 2024
Total assets
€70k▲ 75.3%
2023 · €40k
2019: €76k
2020: €48k
2021: €70k
2022: €47k
2023: €40k
2019 → 2024
Net result
€6k
2023 · €-6k
2019: €32k
2020: €-9k
2021: €-4k
2022: €4k
2023: €-6k
2019 → 2024
Working capital
€39k▲ 20.6%
2023 · €32k
2019: €26k
2020: €17k
2021: €20k
2022: €30k
2023: €32k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€37k▼ 10.3%€41k▲ 10.2%€35k▼ 14.8%€41k▲ 18.2%
Operating result€-9k-€-4k▲ 55.5%€4k€-6k€7k
Net result€-9k-€-4k▲ 55.6%€4k€-6k€6k
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 2024: €7k after a loss of €6k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70k
Fixed assets
€2k▼ 32.9%
Current assets
€68k▲ 83.6%
Equity and liabilities €70k
Equity
€41k▲ 18.2%
Debt
€29k▲ 444%
The debt ratio rises from 13.4% to 41.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2023 · €2k
Cash flow
€8k▲
2023 · €2k
Solvency
58.4%▼
2023 · 86.6%
Current ratio
2.34▼
2023 · 7.72
Quick ratio
2.34▼
2023 · 7.72
Debt / equity
0.71▲
2023 · 0.16
ROE
15.4%▲
2023 · -17.3%
ROA
9.0%▲
2023 · -15.0%
Interest coverage
92.82▲
2023 · 15.28
Debt
€29k▲
2023 · €5k
Debt ≤ 1 year
€29k▲
2023 · €5k
Income taxes
€852
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€40k€70k▲
Fixed assets21/28€3k€2k▼
Intangible fixed assets21€2k€379▼
Tangible fixed assets22/27€1k€2k▲
Furniture and vehicles24€1k€2k▲
Current assets29/58€37k€68k▲
Amounts receivable within one year40/41€15k€29k▲
Trade receivables40€13k€25k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€22k€39k▲
Deferred charges and accrued income490/1€253€252▼
Equity and liabilities
Total equity and liabilities10/49€40k€70k▲
Equity10/15€35k€41k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€16k€22k▲
Amounts payable17/49€5k€29k▲
Amounts payable within one year42/48€5k€29k▲
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45-€852
Taxes450/3-€852
Other amounts payable47/48€3k€15k▲
Accrued charges and deferred income492/3€554-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€2k▼
Gross operating margin9900€2k€9k▲
Operating profit (loss)9901€-6k€7k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€121€97▼
Recurring financial charges65€121€97▼
Profit (loss) for the period before taxes9903€-6k€7k▲
Income taxes67/77-€852
Profit (loss) for the period9904€-6k€6k▲
Profit (loss) for the period to be appropriated9905€-6k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€22k▲
Profit (loss) brought forward from the previous period14P€22k€16k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 32 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 5.81
Current ratio from 1.61 to 5.81; short-term debt falls from €33k to €6k.
03-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-9k ▼130%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Nivelles · 2 establishment units since 2018
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.
Rue Saint-André 21400 NivellesGround area
2,990 m²
Building footprint
338 m²
Volume, LiDAR
2,687 m³
3 parcels, Flanders, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
G-CONVERT
since 20182.274.917.739
G-Convert
since 20242.363.860.702
3 parcels
Flanders
1
(33.3%)
Wallonia
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018B0189/00F004 | Wallonia | 2,417 m² | 1 · 162 m² | 8.6 m · 2 fl. |
| 44809I0211/00F005 | Flanders | 288 m² | 1 · 87 m² | 12.2 m · 3 fl. |
| 25782D0066/00F000 | Wallonia | 285 m² | 1 · 89 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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 9,862 companies in sector 73110 we hold annual accounts for 3,755. 2,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2018
Fiscal year end31-12
Activities, NACEBEL
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.