MANAGEMENTWERK
ActiveMANAGEMENTWERK has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €-2k. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 61% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-24
Solvency89▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.66 against 2.16 in 2024; short-term debt: 35.8% and cash: 39.5% of total assets), and 35.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
41 d early
2023
40 d early
2022
2 d early
2021
17 d early
2020
30 d early
2019
on the day
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€197k▼ 22.4%
2024 · €254k
2018: €28k
2019: €44k
2020: €99k
2021: €11k
2022: €50k
2023: €179k
2024: €254k
2018 → 2025
Total assets
€308k▼ 32.3%
2024 · €454k
2018: €74k
2019: €213k
2020: €203k
2021: €240k
2022: €171k
2023: €410k
2024: €454k
2018 → 2025
Net result
€-2k
2024 · €86k
2018: €3k
2019: €16k
2020: €55k
2021: €-88k
2022: €41k
2023: €132k
2024: €86k
2018 → 2025
Working capital
€183k▼ 21.5%
2024 · €233k
2018: €30k
2019: €51k
2020: €73k
2021: €-40k
2022: €9k
2023: €147k
2024: €233k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€50k▲ 347%€179k▲ 259%€254k▲ 41.8%€197k▼ 22.4%
Operating result€-87k-€42k€190k▲ 356%€141k▼ 25.9%€356▼ 99.7%
Net result€-88k-€41k€132k▲ 224%€86k▼ 35.1%€-2k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 100% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€15k▼ 31.5%
Current assets
€293k▼ 32.3%
Equity and liabilities €308k
Equity
€197k▼ 22.4%
Debt
€110k▼ 44.9%
The debt ratio falls from 44.0% to 35.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €156k
Cash flow
€10k▼
2024 · €101k
Solvency
64.2%▲
2024 · 56.0%
Current ratio
2.66▲
2024 · 2.16
Quick ratio
2.66▲
2024 · 2.16
Debt / equity
0.56▼
2024 · 0.79
ROE
-0.9%▼
2024 · 33.8%
ROA
-0.6%▼
2024 · 18.9%
Interest coverage
30.85▼
2024 · 252.90
Debt
€110k▼
2024 · €200k
Debt ≤ 1 year
€110k▼
2024 · €200k
Income taxes
€3k▼
2024 · €56k
Staff costs
€-3k▼
2024 · €31k
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€454k€308k▼
Fixed assets21/28€21k€15k▼
Intangible fixed assets21€281€0▼
Tangible fixed assets22/27€18k€6k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€11k€2k▼
Other tangible fixed assets26€0€0=
Financial fixed assets28€3k€8k▲
Current assets29/58€433k€293k▼
Amounts receivable within one year40/41€311k€171k▼
Trade receivables40€204k€56k▼
Other amounts receivable41€107k€116k▲
Cash at bank and in hand54/58€121k€121k▲
Deferred charges and accrued income490/1€127€132▲
Equity and liabilities
Total equity and liabilities10/49€454k€308k▼
Equity10/15€254k€197k▼
Contributions10/11€12k€12k=
Reserves13€242k€187k▼
Distributable reserves133€242k€187k▼
Profit (loss) carried forward14-€-2k
Amounts payable17/49€200k€110k▼
Amounts payable within one year42/48€200k€110k▼
Trade debts44€53k€2k▼
Suppliers440/4€53k€2k▼
Taxes, remuneration and social security45€130k€53k▼
Taxes450/3€126k€53k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€17k€55k▲
Income statement
Code20242025
Non-recurring operating income76A€250-
Remuneration, social security and pensions62€31k€-3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€12k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€189k€10k▼
Operating profit (loss)9901€141k€356▼
Financial income75/76B€1k€858▼
Recurring financial income75€1k€858▼
Financial charges65/66B€618€397▼
Recurring financial charges65€618€397▼
Profit (loss) for the period before taxes9903€142k€817▼
Income taxes67/77€56k€3k▼
Profit (loss) for the period9904€86k€-2k▼
Profit (loss) for the period to be appropriated9905€86k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€-2k▼
Transfer from equity791/2€17k€55k▲
Transfer to equity691/2€86k-
To other reserves6921€86k-
Profit to be distributed694/7€17k€55k▲
Return on contributions (dividend)694€17k€55k▲
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (11 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €254k ▲41.8%
3 profitable years in a row build equity to €254k.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €132k ▲224%
Operating result €190k, net result €132k, both a record.
30-09
Financial
Equity above €150kEq €179k ▲259%
2 profitable years in a row build equity to €179k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-88k ▼259%
Net result drops to €-88k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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
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, Maasmechelen · 1 establishment unit since 2010
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.
Joseph Smeetslaan(M) 299A3630 MaasmechelenGround area
2,477 m²
Building footprint
432 m²
Volume, LiDAR
2,443 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Aertes
since 20102.192.746.564
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0927/00A092 | Flanders | 1,517 m² | 1 · 242 m² | 9.8 m · 2 fl. |
| 73048E0927/00Z091 | Flanders | 960 m² | 1 · 190 m² | 9.1 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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PATH
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WMA Holding
BE 1017.162.091
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DEBIEVRE
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P.RO.JECT+
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.