PAGE-37
ActivePAGE-37 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €26k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+6
Solvency58▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.93 in 2024; short-term debt: 67.5% and cash: 32.8% of total assets), and 67.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
32.5%
Return on assets
14%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
34 d early
2024
26 d early
2023
32 d early
2022
51 d early
2021
64 d early
2020
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€61k▲ 0.3%
2024 · €61k
2020: €9k
2021: €21k
2022: €63k
2023: €50k
2024: €61k
2020 → 2025
Total assets
€187k▲ 69.5%
2024 · €110k
2020: €10k
2021: €119k
2022: €364k
2023: €186k
2024: €110k
2020 → 2025
Net result
€26k▲ 155%
2024 · €10k
2020: €4k
2021: €12k
2022: €42k
2023: €-13k
2024: €10k
2020 → 2025
Working capital
€44k▼ 4.5%
2024 · €46k
2020: €9k
2021: €21k
2022: €61k
2023: €1k
2024: €46k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€63k▲ 198%€50k▼ 20.3%€61k▲ 20.4%€61k▲ 0.3%
Operating result€17k-€59k▲ 254%€-12k€14k€35k▲ 155%
Net result€12k-€42k▲ 238%€-13k€10k€26k▲ 155%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 155% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €187k
Fixed assets
€17k▲ 15.5%
Current assets
€171k▲ 77.6%
Equity and liabilities €187k
Equity
€61k▲ 0.3%
Debt
€126k▲ 154%
The debt ratio rises from 45.0% to 67.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2024 · €36k
Cash flow
€32k▼
2024 · €33k
Solvency
32.5%▼
2024 · 55.0%
Current ratio
1.35▼
2024 · 1.93
Quick ratio
1.35▼
2024 · 1.93
Debt / equity
2.07▲
2024 · 0.82
ROE
43.0%▲
2024 · 16.9%
ROA
14.0%▲
2024 · 9.3%
Interest coverage
347.87▲
2024 · 45.94
Debt
€126k▲
2024 · €50k
Debt ≤ 1 year
€126k▲
2024 · €50k
Income taxes
€9k▲
2024 · €3k
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€110k€187k▲
Fixed assets21/28€14k€17k▲
Tangible fixed assets22/27€14k€17k▲
Furniture and vehicles24€14k€17k▲
Current assets29/58€96k€171k▲
Amounts receivable within one year40/41€52k€108k▲
Trade receivables40€31k€97k▲
Other amounts receivable41€20k€12k▼
Cash at bank and in hand54/58€44k€61k▲
Deferred charges and accrued income490/1-€840
Equity and liabilities
Total equity and liabilities10/49€110k€187k▲
Equity10/15€61k€61k▲
Contributions10/11€5k€5k=
Reserves13€56k€56k▲
Distributable reserves133€56k€56k▲
Amounts payable17/49€50k€126k▲
Amounts payable within one year42/48€50k€126k▲
Trade debts44€38k€124k▲
Suppliers440/4€38k€124k▲
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€12k€611▼
Income statement
Code20242025
Remuneration, social security and pensions62€76k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€6k▼
Other operating charges640/8€589€422▼
Gross operating margin9900€114k€42k▼
Operating profit (loss)9901€14k€35k▲
Financial income75/76B€29€1▼
Recurring financial income75€29€1▼
Financial charges65/66B€793€118▼
Recurring financial charges65€793€118▼
Profit (loss) for the period before taxes9903€13k€35k▲
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€10k€26k▲
Profit (loss) for the period to be appropriated9905€10k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€26k▲
Transfer to equity691/2€10k€172▼
To other reserves6921€10k€172▼
Profit to be distributed694/7-€26k
Return on contributions (dividend)694-€26k
The notes to these accounts (5 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
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-13k ▼131%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2020net €42k ▲238%
Operating result €59k, net result €42k, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Lennik · 1 establishment unit since 2019
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.
Gustaaf Breynaertstraat 151750 LennikGround area
1,122 m²
Building footprint
248 m²
Parcel 23072A0152/00G002, Flanders. Linked by address, not a title deed.
1 establishment unit
PAGE-37 BV
since 20192.302.102.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23072A0152/00G002 | Flanders | 1,122 m² | 1 · 248 m² | - |
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 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2019
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.
Contact details
1 entryWebsite:www.page-37.com