NEW START
ActiveNEW START has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107k and a net result of €-12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
20
/ 100
Critical▼ -31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency14=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.64 against 0.65 in 2024), and 83.8% 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.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
16.2%
Return on assets
-1.7%
Age of the figures
14 mo
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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
on the day
2022
on the day
2021
on the day
2020
1 d late
2019
13 d late
← 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€107k▼ 9.7%
2024 · €119k
2019: €-179k
2020: €-79k
2021: €39k
2022: €90k
2023: €64k
2024: €119k
2019 → 2025
Total assets
€662k▼ 11.6%
2024 · €749k
2019: €732k
2020: €716k
2021: €718k
2022: €776k
2023: €629k
2024: €749k
2019 → 2025
Net result
€-12k
2024 · €55k
2019: €-17k
2020: €101k
2021: €117k
2022: €51k
2023: €-26k
2024: €55k
2019 → 2025
Working capital
€-162k▲ 5.1%
2024 · €-171k
2019: €-278k
2020: €-145k
2021: €-214k
2022: €-154k
2023: €-165k
2024: €-171k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€90k▲ 130%€64k▼ 29.1%€119k▲ 87.0%€107k▼ 9.7%
Operating result€123k-€74k▼ 39.7%€2k▼ 97.3%€67k▲ 3,214%€-12k
Net result€117k-€51k▼ 56.9%€-26k€55k€-12k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12k after €67k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662k
Fixed assets
€370k▼ 13.4%
Current assets
€292k▼ 9.2%
Equity and liabilities €662k
Equity
€107k▼ 9.7%
Debt
€554k▼ 12.0%
The debt ratio falls from 84.1% to 83.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€53k▼
2024 · €126k
Cash flow
€54k▼
2024 · €115k
Solvency
16.2%▲
2024 · 15.9%
Current ratio
0.64▼
2024 · 0.65
Quick ratio
0.32▼
2024 · 0.37
Debt / equity
5.17▼
2024 · 5.30
ROE
-10.8%▼
2024 · 46.5%
ROA
-1.7%▼
2024 · 7.4%
Interest coverage
3.91▼
2024 · 10.93
Debt
€554k▼
2024 · €630k
Debt ≤ 1 year
€454k▼
2024 · €492k
Debt > 1 year
€99k▼
2024 · €135k
Income taxes
€-11k▼
2024 · €0
Staff costs
€358k▲
2024 · €333k
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€749k€662k▼
Fixed assets21/28€427k€370k▼
Intangible fixed assets21€823€0▼
Tangible fixed assets22/27€424k€368k▼
Land and buildings22€0-
Plant, machinery and equipment23€35k€20k▼
Furniture and vehicles24€1k€940▼
Other tangible fixed assets26€388k€347k▼
Financial fixed assets28€2k€2k=
Current assets29/58€321k€292k▼
Stocks and contracts in progress3€141k€147k▲
Stocks30/36€141k€147k▲
Amounts receivable within one year40/41€52k€80k▲
Trade receivables40€4k€16k▲
Other amounts receivable41€48k€65k▲
Cash at bank and in hand54/58€96k€32k▼
Deferred charges and accrued income490/1€32k€32k▼
Equity and liabilities
Total equity and liabilities10/49€749k€662k▼
Equity10/15€119k€107k▼
Contributions10/11€300k€300k=
Reserves13€4k€2k▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€2k€0▼
Profit (loss) carried forward14€-186k€-195k▼
Amounts payable17/49€630k€554k▼
Amounts payable after more than one year17€135k€99k▼
Financial debts170/4€135k€99k▼
Amounts payable within one year42/48€492k€454k▼
Current portion of amounts payable after more than one year42€90k€36k▼
Financial debts43€25k€19k▼
Credit institutions430/8€25k€19k▼
Trade debts44€301k€321k▲
Suppliers440/4€301k€321k▲
Taxes, remuneration and social security45€76k€77k▲
Taxes450/3€19k€8k▼
Remuneration and social security454/9€57k€68k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€333k€358k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€65k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€460k€414k▼
Operating profit (loss)9901€67k€-12k▼
Financial income75/76B€189€3k▲
Recurring financial income75€189€3k▲
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€55k€-22k▼
Income taxes67/77€0€-11k▼
Profit (loss) for the period9904€55k€-12k▼
Profit (loss) for the period to be appropriated9905€55k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-186k€-197k▼
Profit (loss) brought forward from the previous period14P€-241k€-186k▲
Transfer from equity791/2-€2k
Social balance
Average headcount (FTE)90878.19.7▲
The notes to these accounts (25 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
30-06
Financial
Equity above €100kEq €119k ▲87%
Equity rises from €64k to €119k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-26k ▼151%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €117k ▲16.6%
Operating result €123k, net result €117k, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
13-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 378 days late
2018
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
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
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, Sint-Genesius-Rode · 1 establishment unit since 2005
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.
Zoniënwoudlaan 3331640 Sint-Genesius-RodeGround area
5,620 m²
Building footprint
497 m²
Volume, LiDAR
3,373 m³
Parcel 22552F0007/02Y021, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
New Start
since 20052.147.193.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0007/02Y021 | Flanders | 5,620 m² | 1 · 497 m² | 13.5 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 446 EUR awarded · 446 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Genesius-Rode/Rhode-Saint-Genèse2.147.193.681
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 4,565 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-03-2005
Fiscal year end30-06
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
52113
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.