Northbound
ActiveSummary
Northbound has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10k and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency59▲+59
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.3; short-term debt: 35.9% and cash: 17.1% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 71
Relative position
BE, all sectors
reference
Sector 71
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
33.8%
Return on assets
58.9%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
29 d early
2023
26 d early
2022
26 d early
2021
13 d early
2020
16 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k
2024 · €-7k
2018: €35k
2019: €40k
2020: €9k
2021: €-683
2022: €-5k
2023: €-5k
2024: €-7k
2018 → 2025
Total assets
€30k▲ 11,898%
2024 · €248
2018: €69k
2019: €70k
2020: €25k
2021: €26k
2022: €26k
2023: €23k
2024: €248
2018 → 2025
Net result
€18k
2024 · €-2k
2018: €4k
2019: €5k
2020: €-31k
2021: €-10k
2022: €-4k
2023: €-277
2024: €-2k
2018 → 2025
Working capital
€3k
2024 · €-7k
2018: €33k
2019: €36k
2020: €-365
2021: €-8k
2022: €2k
2023: €-3k
2024: €-7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-683-€-5k▼ 615%€-5k▼ 5.7%€-7k▼ 44.5%€10k
Operating result€-10k-€-4k▲ 58.3%€-381▲ 90.8%€-2k▼ 457%€18k
Net result€-10k-€-4k▲ 58.0%€-277▲ 93.4%€-2k▼ 729%€18k
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 returns to profit in 2025: €18k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
Assets €30k
Fixed assets
€16k
Current assets
€14k
Equity and liabilities €30k
Equity
€10k
Debt
€20k
Debt finances 66.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€20k
Cash flow
€19k
Current ratio
1.30
Debt to equity
1.96
ROE
174.3%
ROA
58.9%
Interest coverage
40.15
Debt ≤ 1 year
€11k▲
2024 · €8k
Debt > 1 year
€9k
Income taxes
€275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€248€30k▲
Fixed assets21/28-€16k
Tangible fixed assets22/27-€16k
Furniture and vehicles24-€16k
Current assets29/58€248€14k▲
Amounts receivable within one year40/41€248€9k▲
Trade receivables40-€7k
Other amounts receivable41€248€1k▲
Cash at bank and in hand54/58-€5k
Equity and liabilities
Total equity and liabilities10/49€248€30k▲
Equity10/15€-7k€10k▲
Contributions10/11€10k€10k=
Reserves13€2k€2k=
Tax-exempt reserves132€303€303=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-20k€-2k▲
Amounts payable17/49€8k€20k▲
Amounts payable after more than one year17-€9k
Financial debts170/4-€9k
Amounts payable within one year42/48€8k€11k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45-€275
Taxes450/3-€275
Other amounts payable47/48€7k€323▼
Income statement
Code20242025
Non-recurring operating income76A€782-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€606€620▲
Gross operating margin9900€-2k€20k▲
Operating profit (loss)9901€-2k€18k▲
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€177€492▲
Recurring financial charges65€177€492▲
Profit (loss) for the period before taxes9903€-2k€18k▲
Income taxes67/77-€275
Profit (loss) for the period9904€-2k€18k▲
Profit (loss) for the period to be appropriated9905€-2k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-2k▲
Profit (loss) brought forward from the previous period14P€-17k€-20k▼
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €18k
Net result €18k after 5 loss-making years.
31-12
Financial
Liquidity times 40current ratio 1.30
Current ratio from 0.03 to 1.30.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-31k ▼747%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Vorselaar · 1 establishment unit since 2012
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.
Van Rotselaarlaan 312290 VorselaarGround area
1,004 m²
Building footprint
184 m²
Volume, LiDAR
854 m³
Parcel 13044E0210/00R000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Northbound
since 20122.215.952.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044E0210/00R000 | Flanders | 1,004 m² | 1 · 184 m² | 7.0 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorselaar2.215.952.330
Similar companies · same sector, comparable size
AB INTERIOR
BE 0784.918.357
Etterbeek · Eq €10,162
INTO
BE 0473.984.857
Vorst · Eq €9,877
PROJETS
BE 0438.969.540
Sint-Lambrechts-Woluwe · Eq €9,842
Casa Vero Ontwerp
BE 0770.747.251
Geel · Eq €9,805
MITCH Interieurarchitecten
BE 1018.080.623
Gent · Eq €10,309
Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 779 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.