nLab
ActivenLab has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-366k) and a net result of €-21k. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 10% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▼-3
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 17.92 against 5.89 in 2024; short-term debt: 5.6% and cash: 0.1% of total assets), but equity is negative.
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 2025Solvency, return and age of the figures
Solvency
-80.7%
Return on assets
-4.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-366k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
17 d early
2023
56 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-366k▼ 6.2%
2024 · €-345k
2018: €7k
2019: €-74k
2020: €-167k
2021: €-221k
2022: €-270k
2023: €-336k
2024: €-345k
2018 → 2025
Total assets
€453k▲ 11.5%
2024 · €407k
2018: €28k
2019: €34k
2020: €223k
2021: €269k
2022: €340k
2023: €373k
2024: €407k
2018 → 2025
Net result
€-21k▼ 147%
2024 · €-9k
2018: €4k
2019: €-82k
2020: €-92k
2021: €-54k
2022: €-49k
2023: €-66k
2024: €-9k
2018 → 2025
Working capital
€427k▲ 27.7%
2024 · €334k
2018: €17k
2019: €-64k
2020: €-108k
2021: €-221k
2022: €283k
2023: €325k
2024: €334k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-221k-€-270k▼ 22.2%€-336k▼ 24.5%€-345k▼ 2.6%€-366k▼ 6.2%
Operating result€-54k-€-48k▲ 9.5%€-66k▼ 35.5%€-6k▲ 90.3%€-20k▼ 221%
Net result€-54k-€-49k▲ 9.2%€-66k▼ 35.1%€-9k▲ 87.0%€-21k▼ 147%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453k
Fixed assets
€2k▼ 59.4%
Current assets
€452k▲ 12.2%
Key figures and ratios
EBITDA
€-18k▼
2024 · €-4k
Cash flow
€-19k▼
2024 · €-6k
Solvency
-80.7%▲
2024 · -84.7%
Current ratio
17.92▲
2024 · 5.89
Quick ratio
0.54▲
2024 · 0.30
Debt / equity
-2.24▼
2024 · -2.18
ROA
-4.7%▼
2024 · -2.1%
Interest coverage
-20.28▼
2024 · -1.69
Debt
€819k▲
2024 · €751k
Debt ≤ 1 year
€25k▼
2024 · €68k
Debt > 1 year
€794k▲
2024 · €678k
Staff costs
€11k▼
2024 · €30k
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€407k€453k▲
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Plant, machinery and equipment23€4k€2k▼
Current assets29/58€402k€452k▲
Stocks and contracts in progress3€382k€438k▲
Stocks30/36€18k€11k▼
Contracts in progress37€364k€427k▲
Amounts receivable within one year40/41€20k€13k▼
Trade receivables40€20k€10k▼
Other amounts receivable41€79€3k▲
Cash at bank and in hand54/58€63€439▲
Deferred charges and accrued income490/1€676€0▼
Equity and liabilities
Total equity and liabilities10/49€407k€453k▲
Equity10/15€-345k€-366k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-351k€-372k▼
Amounts payable17/49€751k€819k▲
Amounts payable after more than one year17€678k€794k▲
Financial debts170/4€678k-
Other amounts payable178/9-€794k
Amounts payable within one year42/48€68k€25k▼
Trade debts44€51k€23k▼
Suppliers440/4€51k€23k▼
Taxes, remuneration and social security45€17k€2k▼
Taxes450/3€16k€156▼
Remuneration and social security454/9€2k€2k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€30k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€1k€528▼
Non-recurring operating charges66A€15k€0▼
Gross operating margin9900€43k€-7k▼
Operating profit (loss)9901€-6k€-20k▼
Financial income75/76B€8€1▼
Recurring financial income75€8€1▼
Financial charges65/66B€2k€881▼
Recurring financial charges65€2k€881▼
Profit (loss) for the period before taxes9903€-9k€-21k▼
Profit (loss) for the period9904€-9k€-21k▼
Profit (loss) for the period to be appropriated9905€-9k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-351k€-372k▼
Profit (loss) brought forward from the previous period14P€-342k€-351k▼
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 17.92
Current ratio from 5.89 to 17.92; short-term debt falls from €68k to €25k.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity times 28current ratio 14.97
Current ratio from 0.54 to 14.97; short-term debt falls from €480k to €20k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-92k
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2016
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.
Gotevlietstraat 528000 BruggeGround area
4,425 m²
Building footprint
1,444 m²
Volume, LiDAR
12,036 m³
Parcel 31810N0561/00W000, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MPP
since 20162.262.386.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0561/00W000 | Flanders | 4,425 m² | 1 · 1,443 m² | 10.5 m · 3 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 · 1 entry · 359 EUR awarded · 359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 359 EUR | 359 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedSimilar companies · same sector, comparable size
TOMSON ET CIE
BE 0451.417.610
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ECO.LO.GI
BE 0566.914.124
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ORCHEL BELGIUM
BE 0477.668.976
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UNISIS DEVELOPMENT
BE 1020.797.613
Sint-Agatha-Berchem · Eq €9k
Of 473 companies in sector 46842 we hold annual accounts for 346. 58 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-02-2016
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
46842Wholesale trade
47559Retail sale of other household articles
47599Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.