OBJECTIVE BELGIUM
ActiveOBJECTIVE BELGIUM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.85M and a net result of €973k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+32
Solvency40▼-3
Growth64▲+14
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.3 in 2024; short-term debt: 76% and cash: 0.7% of total assets), and 85.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
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
14.7%
Return on assets
2.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2672 sector peers (2025).
NBB · sector comparisonPosition among 2672 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
27 d late
2023
230 d late
2022
342 d late
2021
149 d late
2020
23 d early
2019
on the day
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€8.22M▼ 12.3%
2024 · €9.38M
2018: €7.80M
2020: €9.28M
2021: €10.10M
2022: €10.36M
2023: €11.14M
2024: €9.38M
2018 → 2025
EBIT margin
20.5%▲ 15.8pp
2024 · 4.7%
2018: 0.8%
2020: 0.9%
2021: 2.6%
2022: 6.9%
2023: 17.7%
2024: 4.7%
2018 → 2025
Net result
€973k
2024 · €-234k
2018: €-18k
2019: €135k
2020: €-346
2021: €123k
2022: €356k
2023: €1.41M
2024: €-234k
2018 → 2025
Working capital
€5.38M▲ 21.5%
2024 · €4.43M
2018: €3.17M
2019: €3.58M
2020: €2.62M
2021: €2.26M
2022: €2.47M
2023: €4.63M
2024: €4.43M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.10M-€10.36M▲ 2.5%€11.14M▲ 7.6%€9.38M▼ 15.8%€8.22M▼ 12.3%
Equity€2.35M-€2.70M▲ 15.2%€4.12M▲ 52.3%€3.88M▼ 5.7%€4.85M▲ 25.1%
Operating result€259k-€712k▲ 174%€1.98M▲ 178%€439k▼ 77.8%€1.68M▲ 283%
Net result€123k-€356k▲ 189%€1.41M▲ 296%€-234k€973k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 283% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.97M
Fixed assets
€2.52M▼ 3.2%
Current assets
€30.45M▲ 60.5%
Equity and liabilities €32.97M
Equity
€4.85M▲ 25.1%
Debt
€28.12M▲ 58.9%
The debt ratio rises from 82.0% to 85.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.77M▲
2024 · €527k
Cash flow
€1.06M▲
2024 · €-146k
Solvency
14.7%▼
2024 · 18.0%
Current ratio
1.21▼
2024 · 1.30
Quick ratio
1.21▼
2024 · 1.30
Debt / equity
5.79▲
2024 · 4.56
ROE
20.0%▲
2024 · -6.0%
ROA
2.9%▲
2024 · -1.1%
Interest coverage
2.51▲
2024 · 0.83
Debt
€28.12M▲
2024 · €17.70M
Debt ≤ 1 year
€25.07M▲
2024 · €14.54M
Debt > 1 year
€410k▼
2024 · €485k
Income taxes
€318k▲
2024 · €307k
Staff costs
€2.47M▼
2024 · €3.26M
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€21.58M€32.97M▲
Fixed assets21/28€2.61M€2.52M▼
Tangible fixed assets22/27€627k€543k▼
Plant, machinery and equipment23€607€3k▲
Furniture and vehicles24€0-
Leasing and similar rights25€627k€539k▼
Other tangible fixed assets26-€60
Financial fixed assets28€1.98M€1.98M=
Affiliated companies280/1€1.98M-
Amounts receivable281€1.98M-
Other financial fixed assets284/8€4k-
Amounts receivable and cash guarantees285/8€4k-
Current assets29/58€18.97M€30.45M▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€18.65M€30.16M▲
Trade receivables40€3.55M€4.20M▲
Other amounts receivable41€15.10M€25.97M▲
Current investments50/53€3k€3k▲
Other investments51/53€3k-
Cash at bank and in hand54/58€221k€219k▼
Deferred charges and accrued income490/1€96k€61k▼
Equity and liabilities
Total equity and liabilities10/49€21.58M€32.97M▲
Equity10/15€3.88M€4.85M▲
Contributions10/11€150k€150k=
Reserves13€2.43M€2.43M=
Non-distributable reserves130/1€15k€15k=
Reserves not available under the articles1311€15k€15k=
Distributable reserves133€2.41M€2.41M=
Profit (loss) carried forward14€1.30M€2.27M▲
Amounts payable17/49€17.70M€28.12M▲
Amounts payable after more than one year17€485k€410k▼
Financial debts170/4€485k€410k▼
Leasing and similar obligations172€485k-
Amounts payable within one year42/48€14.54M€25.07M▲
Current portion of amounts payable after more than one year42€74k€75k▲
Trade debts44€13.19M€21.06M▲
Suppliers440/4€13.19M€21.06M▲
Taxes, remuneration and social security45€1.28M€853k▼
Taxes450/3€914k€588k▼
Remuneration and social security454/9€361k€265k▼
Other amounts payable47/48-€3.08M
Accrued charges and deferred income492/3€2.67M€2.64M▼
Income statement
Code20242025
Operating income70/76A€9.52M-
Turnover70€9.38M€8.22M▼
Other operating income74€137k-
Operating charges60/66A€9.08M-
Goods, raw materials, services and sundry goods60/61-€4.67M
Goods for resale, raw materials and consumables60€3.14M-
Purchases600/8€3.14M-
Services and other goods61€2.39M-
Remuneration, social security and pensions62€3.26M€2.47M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€88k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€196k€-335k▼
Other operating charges640/8€7k€4k▼
Gross operating margin9900-€3.91M
Operating profit (loss)9901€439k€1.68M▲
Financial income75/76B€284k€315k▲
Recurring financial income75€284k€315k▲
Income from financial fixed assets750€29-
Income from current assets751€284k-
Financial charges65/66B€652k€707k▲
Recurring financial charges65€652k€707k▲
Debt charges650€637k-
Other financial charges652/9€14k-
Profit (loss) for the period before taxes9903€72k€1.29M▲
Income taxes67/77€307k€318k▲
Taxes670/3€307k-
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€-234k€973k▲
Profit (loss) for the period to be appropriated9905€-234k€973k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.30M€2.27M▲
Profit (loss) brought forward from the previous period14P€1.54M€1.30M▼
Social balance
Average headcount (FTE)908731.923.6▼
The notes to these accounts (18 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
31-12
Financial
Back to profitnet €973k
Net result €973k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 230 days late
2024
31-12
Financial
Weakest financial yearnet €-234k ▼117%
Net result drops to €-234k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 342 days late
2023
31-12
Financial
Highest result since 2018net €1.41M ▲296%
Operating result €1.98M, net result €1.41M, both a record.
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 149 days late
2021
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €135k
Net result €135k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
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
16 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, Wichelen · 1 establishment unit since 1996
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.
Meerbos 29260 WichelenGround area
1.1 ha
Building footprint
826 m²
Volume, LiDAR
1,965 m³
Parcel 42026A0916/00C002, Flanders · tallest building 10.5 m. Linked by address, not a title deed.
1 establishment unit
DE CLERCQ ENGINEERING
since 19962.078.696.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42026A0916/00C002 | Flanders | 1.1 ha | 1 · 826 m² | 10.5 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.
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Of 16,868 companies in sector 62100 we hold annual accounts for 8,779. 1,349 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-10-1996
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
72220
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.