O25
Open bankruptcyA bankruptcy procedure is open for O25 according to publications in the Belgian State Gazette; curator: THIERRY BINDELLE.
Summary
The 2024 annual accounts show negative equity (€-186k) and a net result of €-40k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-186k
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 04-07-2025, 27 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
7 d early
2022
31 d late
2021
26 d late
2020
30 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-186k▼ 27.3%
2023 · €-146k
2020: €37k
2021: €159k
2022: €83k
2023: €-146k
2020 → 2024
Total assets
€39k▼ 45.1%
2023 · €71k
2020: €38k
2021: €177k
2022: €251k
2023: €71k
2020 → 2024
Net result
€-40k▲ 45.6%
2023 · €-73k
2020: €-83k
2021: €-58k
2022: €-107k
2023: €-73k
2020 → 2024
Working capital
€-116k▼ 21.9%
2023 · €-95k
2020: €34k
2021: €158k
2022: €-72k
2023: €-95k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€159k▲ 327%€83k▼ 48.1%€-146k€-186k▼ 27.3%
Operating result€-83k-€-58k▲ 30.0%€-106k▼ 83.5%€-56k▲ 47.5%€-40k▲ 29.0%
Net result€-83k-€-58k▲ 29.8%€-107k▼ 84.0%€-73k▲ 31.4%€-40k▲ 45.6%
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 €40k in 2024 against €56k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€19k ▼ 35.5%
Current assets
€19k ▼ 52.2%
Key figures and ratios
EBITDA
€-29k▲
2023 · €-45k
Cash flow
€-29k▲
2023 · €-63k
Solvency
-479.9%▼
2023 · -207.1%
Current ratio
0.14▼
2023 · 0.30
Quick ratio
0.02▼
2023 · 0.04
Debt to equity
-1.21▲
2023 · -1.48
ROA
-102.9%▲
2023 · -103.8%
Interest coverage
-107.33▼
2023 · -2.59
Debt
€225k▲
2023 · €217k
Debt ≤ 1 year
€135k▼
2023 · €136k
Debt > 1 year
€89k▲
2023 · €81k
Staff costs
€110▲
2023 · €81
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€71k€39k▼
Fixed assets21/28€30k€19k▼
Intangible fixed assets21€23k€15k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€3k€954▼
Current assets29/58€41k€19k▼
Stocks and contracts in progress3€35k€17k▼
Stocks30/36€35k€17k▼
Amounts receivable within one year40/41€5k€1k▼
Trade receivables40€3k€421▼
Other amounts receivable41€2k€795▼
Cash at bank and in hand54/58€284€321▲
Deferred charges and accrued income490/1€279€540▲
Equity and liabilities
Total equity and liabilities10/49€71k€39k▼
Equity10/15€-146k€-186k▼
Contributions10/11€305k€305k=
Profit (loss) carried forward14€-451k€-491k▼
Amounts payable17/49€217k€225k▲
Amounts payable after more than one year17€81k€89k▲
Financial debts170/4€81k€89k▲
Amounts payable within one year42/48€136k€135k▼
Financial debts43€132k€132k=
Credit institutions430/8€132k€132k=
Trade debts44€2k€578▼
Suppliers440/4€2k€578▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€957€2k▲
Income statement
Code20232024
Remuneration, social security and pensions62€81€110▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€462€387▼
Gross operating margin9900€-45k€-28k▲
Operating profit (loss)9901€-56k€-40k▲
Financial income75/76B€11€32▲
Recurring financial income75€11€32▲
Financial charges65/66B€17k€270▼
Recurring financial charges65€17k€270▼
Profit (loss) for the period before taxes9903€-73k€-40k▲
Profit (loss) for the period9904€-73k€-40k▲
Profit (loss) for the period to be appropriated9905€-73k€-40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-451k€-491k▼
Profit (loss) brought forward from the previous period14P€-378k€-451k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-08
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 12-08-2026
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-107k
Net result drops to €-107k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Equity above €150kEq €159k ▲327%
Equity rises from €37k to €159k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Etterbeek · 2 establishment units since 2020
Ground area
2,870 m²
Building footprint
1,699 m²
Volume, LiDAR
1,912 m³
2 parcels, Brussels, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334
companies at this address
See who is registered here
2 establishment units
O25
since 20202.300.054.991
O25
since 20232.343.393.997
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033B0525/00T002 | Wallonia | 2,544 m² | 1 · 1,570 m² | - |
| 21005A0542/00B006 | Brussels | 325 m² | 1 · 129 m² | 17.0 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THIERRY BINDELLE RUE VAN EYCK 44 BTE 6,
1000 FR BRUXELLES-VILLE |
12-08-2026 → present |
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,755. 994 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
Founded27-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.025.eu
E-mail:contact@o25.eu
Website:wwww.o25.eu
E-mail:frederick@o25.eu
Phone:0477708181