PAYMENT SOLUTIONS

Active

Private limited companyfounded 20187 yrs activeKorte Keppestraat 21, 9320 Aalst, BelgiumKBO/BCE: BE 0711.825.986

The computed 12-month bankruptcy probability of PAYMENT SOLUTIONS is 1.6% (moderate). The 2024 annual accounts show equity of €527k and a net result of €-352k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 5989 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

41 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability36▲+26

Solvency38▲+16

Growth68▲+13

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €21k at 30 days only on tighter terms

Liquidity tight (current ratio 1.01 against 0.77 in 2023; short-term debt: 76.7% and cash: 10.1% of total assets), and 86.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

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 2024

Solvency, return and age of the figures

Solvency

13.4%

Return on assets

-9%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5989 sector peers (2024).

NBB · sector comparison

Position among 5989 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

68 d late

2022

19 d early

2021

29 d early

2020

23 d early

2019

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€3.31M▲ 26.8%

2023 · €2.61M

2021: €1.56M 2022: €1.91M 2023: €2.61M

2021 → 2024

EBIT margin

-8.5%▲ 2.6pp

2023 · -11.2%

2021: 5.7% 2022: -3.5% 2023: -11.2%

2021 → 2024

Net result

€-352k▼ 2.5%

2023 · €-343k

2019: €21k 2020: €185k 2021: €65k 2022: €-67k 2023: €-343k

2019 → 2024

Working capital

€23k

2023 · €-815k

2019: €19k 2020: €161k 2021: €320k 2022: €45k 2023: €-815k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€1.56M€1.91M▲ 22.4%€2.61M▲ 36.8%€3.31M▲ 26.8%

Equity€213k-€278k▲ 30.4%€223k▼ 19.8%€-121k€527k

Operating result€238k-€89k▼ 62.6%€-68k€-292k▼ 332%€-283k▲ 3.0%

Net result€185k-€65k▼ 65.0%€-67k€-343k▼ 410%€-352k▼ 2.5%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €283k in 2024 against €292k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €3.92M

22.7%

77.3%

Fixed assets €891k▼ 10.5%

Current assets €3.03M▲ 11.9%

Equity and liabilities €3.92M

13.4%

86.6%

Equity €527k

Debt €3.40M

Debt finances 86.6% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€173k▲

2023 · €-24k

Cash flow

€104k▲

2023 · €-75k

Solvency

13.4%▲

2023 · -3.3%

Current ratio

1.01▲

2023 · 0.77

Quick ratio

0.96▲

2023 · 0.72

Debt / equity

6.44▲

2023 · -31.68

ROE

-66.7%

ROA

-9.0%▲

2023 · -9.3%

Interest coverage

3.08▲

2023 · -0.39

Debt

€3.40M▼

2023 · €3.83M

Debt ≤ 1 year

€3.01M▼

2023 · €3.53M

Income taxes

€2k▲

2023 · €0

Staff costs

€437k▼

2023 · €450k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€3.71M€3.92M▲

Fixed assets21/28€996k€891k▼

Intangible fixed assets21€120k€109k▼

Tangible fixed assets22/27€867k€773k▼

Plant, machinery and equipment23€8k€3k▼

Furniture and vehicles24€457€2k▲

Other tangible fixed assets26€776k€768k▼

Assets under construction and advance payments27€83k€0▼

Financial fixed assets28€9k€9k▼

Other financial fixed assets284/8€9k€9k▼

Amounts receivable and cash guarantees285/8€9k€9k▼

Current assets29/58€2.71M€3.03M▲

Stocks and contracts in progress3€177k€157k▼

Stocks30/36€177k€157k▼

Goods purchased for resale34€177k€157k▼

Amounts receivable within one year40/41€1.05M€848k▼

Trade receivables40€981k€813k▼

Other amounts receivable41€70k€35k▼

Cash at bank and in hand54/58€11k€396k▲

Deferred charges and accrued income490/1€1.47M€1.63M▲

Equity and liabilities

Total equity and liabilities10/49€3.71M€3.92M▲

Equity10/15€-121k€527k▲

Contributions10/11€19k€1.02M▲

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€-140k€-492k▼

Amounts payable17/49€3.83M€3.40M▼

Amounts payable within one year42/48€3.53M€3.01M▼

Trade debts44€1.30M€325k▼

Suppliers440/4€1.30M€325k▼

Taxes, remuneration and social security45€71k€53k▼

Taxes450/3€15k€12k▼

Remuneration and social security454/9€56k€41k▼

Other amounts payable47/48€2.15M€2.63M▲

Accrued charges and deferred income492/3€302k€387k▲

Income statement Code20232024

Operating income70/76A€3.21M€3.71M▲

Turnover70€2.61M€3.31M▲

Own construction capitalised72€570k€329k▼

Other operating income74€24k€52k▲

Non-recurring operating income76A-€15k

Operating charges60/66A€3.50M€3.99M▲

Goods for resale, raw materials and consumables60€1.28M€1.52M▲

Purchases600/8€1.07M€1.52M▲

Change in stocks: decrease (increase)609€217k€6k▼

Services and other goods61€1.18M€1.27M▲

Remuneration, social security and pensions62€450k€437k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€268k€456k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€293k€8k▼

Other operating charges640/8€25k€285k▲

Non-recurring operating charges66A-€15k

Operating profit (loss)9901€-292k€-283k▲

Financial income75/76B€12k€1k▼

Recurring financial income75€12k€1k▼

Income from current assets751-€9

Other financial income752/9€12k€1k▼

Financial charges65/66B€63k€68k▲

Recurring financial charges65€63k€68k▲

Debt charges650€61k€56k▼

Other financial charges652/9€2k€12k▲

Profit (loss) for the period before taxes9903€-343k€-350k▼

Income taxes67/77€0€2k▲

Taxes670/3€0€2k▲

Tax adjustments and reversals of tax provisions77€0-

Profit (loss) for the period9904€-343k€-352k▼

Profit (loss) for the period to be appropriated9905€-343k€-352k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-140k€-492k▼

Profit (loss) brought forward from the previous period14P€203k€-140k▼

Social balance

Average headcount (FTE)90877.77.0▼

The notes to these accounts (82 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-352k

Net result drops to €-352k, the lowest in the series.

31-12

Financial Equity above €500kEq €527k

Equity rises from €-121k to €527k.

07-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 68 days late

2023

12-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

02-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

08-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2019net €185k ▲765%

Operating result €238k, net result €185k, both a record.

31-12

Financial Equity above €200kEq €213k ▲671%

2 profitable years in a row build equity to €213k.

30-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 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, Aalst · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Korte Keppestraat 219320 Aalst

Ground area

1.7 ha

Building footprint

2,129 m²

Volume, LiDAR

45,853 m³

Parcel 41342B0932/00D000, Flanders · tallest building 58.8 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

Payment Solutions

Korte Keppestraat 21, 9320 AalstAgents in the wholesale of industrial machinery, ships and aircraft

since 20202.299.671.545

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41342B0932/00D000	Flanders	1.7 ha	1 · 2,128 m²	58.8 m · 9 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.

Similar companies · same sector, comparable size

ARK Capture Solutions

BE 1009.117.031

Ottignies-Louvain-la-Neuve · Eq €529k

Of 2,507 companies in sector 46649 we hold annual accounts for 1,760. 1,418 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-10-2018

Fiscal year end31-12

Activities, NACEBEL

46649Wholesale of other machinery and equipment

77330Rental and leasing activities

46140Agents in the wholesale of industrial machinery, ships and aircraft

46900Non-specialised wholesale trade

82100Office administrative and support services

82190Office administrative, office support and other business support activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.