NEW FRONTIER SERVICES
ActiveNEW FRONTIER SERVICES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €268k and a net result of €-13k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 37968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-23
Solvency58▲+1
Growth32▼-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 tight (current ratio 1.06 against 1.3 in 2023; short-term debt: 23.9% and cash: 0.7% of total assets), and 67.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 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
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
32.8%
Return on assets
-1.6%
Age of the figures
21 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 21-07-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
10 d early
2023
30 d late
2022
4 d late
2021
3 d late
2020
17 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€268k▼ 4.7%
2023 · €281k
2018: €345k
2019: €360k
2020: €197k
2021: €232k
2022: €256k
2023: €281k
2018 → 2024
Total assets
€818k▼ 7.1%
2023 · €880k
2018: €1.26M
2019: €1.23M
2020: €947k
2021: €922k
2022: €919k
2023: €880k
2018 → 2024
Net result
€-13k
2023 · €27k
2018: €16k
2019: €15k
2020: €-163k
2021: €35k
2022: €25k
2023: €27k
2018 → 2024
Working capital
€12k▼ 80.8%
2023 · €60k
2018: €235k
2019: €263k
2020: €63k
2021: €73k
2022: €60k
2023: €60k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€197k-€232k▲ 17.7%€256k▲ 10.1%€281k▲ 9.9%€268k▼ 4.7%
Operating result€-138k-€76k€60k▼ 21.9%€65k▲ 9.2%€8k▼ 87.1%
Net result€-163k-€35k€25k▼ 27.9%€27k▲ 7.7%€-13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €818k
Fixed assets
€610k▼ 1.8%
Current assets
€207k▼ 19.9%
Equity and liabilities €818k
Equity
€268k▼ 4.7%
Debt
€550k▼ 8.2%
The debt ratio falls from 68.1% to 67.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€45k▼
2023 · €100k
Cash flow
€24k▼
2023 · €62k
Solvency
32.8%▲
2023 · 31.9%
Current ratio
1.06▼
2023 · 1.30
Quick ratio
1.06▼
2023 · 1.30
Debt / equity
2.05▼
2023 · 2.13
ROE
-5.0%▼
2023 · 9.6%
ROA
-1.6%▼
2023 · 3.1%
Interest coverage
2.01▼
2023 · 3.98
Debt
€550k▼
2023 · €599k
Debt ≤ 1 year
€196k▼
2023 · €198k
Debt > 1 year
€354k▼
2023 · €401k
Income taxes
€302▼
2023 · €14k
Staff costs
€24k▼
2023 · €24k
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€880k€818k▼
Formation expenses20€0€0=
Fixed assets21/28€621k€610k▼
Tangible fixed assets22/27€621k€610k▼
Land and buildings22€609k€599k▼
Plant, machinery and equipment23€6k€6k▲
Furniture and vehicles24€6k€5k▼
Current assets29/58€259k€207k▼
Amounts receivable within one year40/41€256k€197k▼
Trade receivables40€235k€164k▼
Other amounts receivable41€21k€33k▲
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€880k€818k▼
Equity10/15€281k€268k▼
Contributions10/11€139k€139k=
Reserves13€14k€14k=
Non-distributable reserves130/1€14k-
Reserves not available under the articles1311€14k-
Distributable reserves133-€14k
Profit (loss) carried forward14€129k€115k▼
Amounts payable17/49€599k€550k▼
Amounts payable after more than one year17€401k€354k▼
Financial debts170/4€401k€354k▼
Amounts payable within one year42/48€198k€196k▼
Current portion of amounts payable after more than one year42€45k€47k▲
Financial debts43€52k€51k▼
Credit institutions430/8€52k€51k▼
Trade debts44€15k€32k▲
Suppliers440/4€15k€32k▲
Taxes, remuneration and social security45€32k€25k▼
Taxes450/3€27k€21k▼
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€54k€41k▼
Income statement
Code20232024
Remuneration, social security and pensions62€24k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€37k▲
Other operating charges640/8€8k€7k▼
Gross operating margin9900€132k€76k▼
Operating profit (loss)9901€65k€8k▼
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€25k€23k▼
Recurring financial charges65€25k€23k▼
Profit (loss) for the period before taxes9903€41k€-13k▼
Income taxes67/77€14k€302▼
Profit (loss) for the period9904€27k€-13k▼
Profit (loss) for the period to be appropriated9905€27k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€115k▼
Profit (loss) brought forward from the previous period14P€103k€129k▲
Profit to be distributed694/7€2k-
Return on contributions (dividend)694€2k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €200kEq €232k ▲17.7%
Equity rises from €197k to €232k.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Weakest financial yearnet €-163k ▼1194%
Net result drops to €-163k, 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
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 20 days late
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, Watermaal-Bosvoorde · 2 establishment units since 2002
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.
Gratèsstraat 801170 Watermaal-BosvoordeGround area
6,081 m²
Building footprint
459 m²
Volume, LiDAR
3,031 m³
2 parcels, Brussels, Flanders · tallest building 22.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Consulting and Management
since 20022.131.429.005
NEW FRONTIER SERVICES
since 20202.309.558.518
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23033C0002/00S008 | Flanders | 5,930 m² | 1 · 387 m² | 22.2 m · 2 fl. |
| 21017D0143/00Y003 | Brussels | 151 m² | 1 · 72 m² | 14.1 m · 4 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.
Public money · subsidies and aid
European Union, budget
2021 to 2024 · 36 entries| Year | Entries | awarded |
|---|---|---|
| 2024 | 7 | 0 EUR |
| 2023 | 3 | 0 EUR |
| 2022 | 11 | 0 EUR |
| 2021 | 15 | 0 EUR |
Projects
UPDATE OF THE CONFIDENTIAL COST ESTIMATE FOR EMISSION REDUCTION WORKS AT TPP KOSOVO B AT CURRENT MARKET CONDITIONS
TECHNICAL ASSITANCE SERVICE CONTRACT FOR NATIONAL DISASTER RISK MANAGEMENT IN ETHIOPIA
FEASIBILITY STUDIES RENEWABLE ENERGY PLANTS
FRAMEWORK CONTRACT FOR PROCUREMENT OF TECHNICAL SERVICE FOR DECENTRALIZATION OF DRM-NDRMC
SUPPORT TO THE UPDATE OF THE NATIONAL ENERGY AND CLIMATE PLAN OF NORTH MACEDONIA
Show 31 more projects
TECHNICAL ASSISTANCE FOR IMPROVEMENT OF CLIMATE CHANGE POLICY FRAMEWORK
ASSISTANCE TECHNIQUE EN APPUI AU JETP
TECHNICAL ASSISTANCE TO TOURISM COVID-19 RESPONSE FACILITY
COMMUNICATION AND VISIBILITY SUPPORT FOR THE ENERGY COOPERATION PORTFOLIO IN ZAMBIA
INVESTMENT AND INEQUALITY STUDY
ASSISTANCE TECHNIQUE (AT) PERLEE DANS LE CADRE DE LA MISE EN UVRE DU PACAO REGIONAL
EVALUATION A MI-PARCOURS DU PROGRAMME DE RELANCE DE L'INVESTISSEMENT ET DE MODERNISATION DES EXPLOITATIONS AGRICOLES (PRIMEA)
AUDIT TECHNIQUE DES CONTRATS DE TRAVAUX ET DE SERVICE DU PEAT 1
EVALUATION A MI-PARCOURS DU PROJET DE RENFONCEMENT DES CAPACITES COMMERCIALES ET ENTREPRENEURIALES PHASE II (PRCCE-II)
ETUDES DE RENTABILITE ECONOMIQUE ET FINANCIERE DE CINQ GARES ROUTIERES DANS LES CHEFS-LIEUX DE REGION DU TOGO
REQUEST FOR SERVICES - STUDY SEEKING RECOMMENDATIONS FOR FUTURE PRIVATE SECTOR INTERVENTIONS UNDER NDICI
RMI - FINAL EVALUATION OF ENERGY SECTOR REFORM CONTRACT
MIDTERM EVALUATION OF THE ARISE PLUS INDONESIA PROGRAMME
SUPPORT TO COMMUNICATION OF OECS REGIONAL INTEGRATION THROUGH GROWTH, HARMONISATION AND TECHNOLOGY (RIGHT) PROGRAMME
EVALUACION FINAL DEL PROGRAMAFORTALECIMIENTO INSTITUCIONAL DEL EMPLEO DECENTE Y LA SEGURIDAD SOCIAL EN HONDURAS (EURO +LABOR) LA/2014/026-851
ETUDES ET PROSPECTION DES RESSOURCES EN EAU EN VUE DE LEUR MOBILISATION POUR LA PROMOTION DE L'AGRICULTURE IRRIGUEE AU TOGO
TARGETED SUPPORT FOR THE DEVELOPMENT OF A NIGERIA-EU AGRIBUSINESS PLATFORM (PHASE 1 AND 2)
TECHNICAL ASSISTANCE FACILITY SPACE AND EARTH OBSERVATION-GLOBAL
SUPPORT NAMIBIA TO ISSUE A GREEN BOND : PHASE 1
TECHNICAL AUDIT OF THE REHABILITATION/RENOVATION & UPGRADING OF TARGETED JUNIOR SECONDARY SCHOOLS IN RURAL AREAS - SIERRA LEONE
EVALUACION INTERMEDIA DEL PROYECTO UE-PERU: ARD
ETUDE DE FAISABILITE POUR LA REHABILITATION DE LA ROUTE SAFIM-MPACK EN GUINEE-BISSAU
TA TO SINT MAARTEN FOR CROSS-BORDER COOPERATION -11TH EDF
STUDY ON COMPLETE REVIEW OF ORGANISATIONAL STRUCTURE OF OACPS SECRETARIAT
AUDIT TECHNIQUE DES CONTRATS DE TRAVAUX ET DE SERVICE DU PEAT 1
EVALUATION OF THE CONTRIBUTIONS OF ADESEP AND INTEC TO ECONOMIC INTEGRATION IN CENTRAL AMERICA
EVALUATION OF THE CONTRIBUTIONS OF ADESEP AND INTEC TO ECONOMIC INTEGRATION IN CENTRAL AMERICA
TECHNICAL ASSISTANCE FACILITY DATAFLAGSHIP-EGOVERNANCE
MID-TERM EVALUATION LATIN AMERICA INVESTMENT FACILITY (LAIF) 2009-2019
SUPPORT TO SUSTAINABLE BUSINESS DIALOGUE FOR TANZANIA
TECHNICAL ASSISTANCE TO TOURISM COVID-19 RESPONSE FACILITY
European research
2 projects · 2 as coordinator · 4,495,827 EUR EU contributionProgrammes
fp7
h2020
Projects
"FrontierCities - European Cities driving the Future Internet"
frontierCities2 - Another Level of Impact
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 38,667 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2001
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 23 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.
Contact details
4 entriesWebsite:www.frontierservices.eu
E-mail:info@frontierservices.eu
Phone:+32 2 514 10 75
Fax:+32 2 514 06 37