NEXT-ITERATION
ActiveNEXT-ITERATION has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €11k. Its solvency ranks better than 28% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability100
Solvency62
Growth-
Track record67
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.1; short-term debt: 37.7% and cash: 29.9% of total assets), but 62.7% 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+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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
37.3%
Return on assets
43.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 1 filingDeviation from the deadline
2024
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€9k
Total assets
€25k
Net result
€11k
Working capital
€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €25k
Fixed assets
€5k
Current assets
€20k
Equity and liabilities €25k
Equity
€9k
Debt
€16k
Debt finances 62.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€14k
Cash flow
€11k
Solvency
37.3%
Current ratio
2.10
Quick ratio
2.10
Debt / equity
1.68
ROE
116.3%
ROA
43.4%
Interest coverage
62.41
Debt
€16k
Debt ≤ 1 year
€10k
Debt > 1 year
€4k
Income taxes
€3k
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€25k
Fixed assets21/28€5k
Tangible fixed assets22/27€5k
Furniture and vehicles24€5k
Current assets29/58€20k
Amounts receivable within one year40/41€12k
Trade receivables40€12k
Other amounts receivable41€2
Cash at bank and in hand54/58€8k
Equity and liabilities
Total equity and liabilities10/49€25k
Equity10/15€9k
Contributions10/11€120
Profit (loss) carried forward14€9k
Amounts payable17/49€16k
Amounts payable after more than one year17€4k
Financial debts170/4€4k
Amounts payable within one year42/48€10k
Current portion of amounts payable after more than one year42€2k
Taxes, remuneration and social security45€6k
Taxes450/3€6k
Other amounts payable47/48€2k
Accrued charges and deferred income492/3€3k
Income statement
Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€208
Other operating charges640/8€611
Gross operating margin9900€15k
Operating profit (loss)9901€14k
Financial charges65/66B€226
Recurring financial charges65€226
Profit (loss) for the period before taxes9903€14k
Income taxes67/77€3k
Profit (loss) for the period9904€11k
Profit (loss) for the period to be appropriated9905€11k
Appropriation of the result
Profit (loss) to be appropriated9906€11k
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
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2024
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.
Karel de Ghelderestraat 158310 BruggeGround area
392 m²
Building footprint
73 m²
Volume, LiDAR
16 m³
Parcel 31434C0468/00N006, Flanders · tallest building 5.9 m. Linked by address, not a title deed.
1 establishment unit
Next-Iteration
since 20242.360.067.309
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0468/00N006 | Flanders | 392 m² | 1 · 72 m² | 5.9 m |
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.
Similar companies · same sector, comparable size
Vaard
BE 0776.418.187
Leuven · Eq €10k
NEXIOS TN
BE 0823.587.309
Vilvoorde · Eq €10k
TOMENTUM
BE 0770.568.196
Leuven · Eq €10k
Factory22
BE 0793.418.428
Retie · Eq €10k
AGVC INVEST
BE 0803.630.944
Zaventem · Eq €9k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 9,295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2024
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
47410Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.