Pilates studio by Val
ActivePilates studio by Val has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €16k. Its solvency ranks better than 32% of 2541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency20▼-13
Growth78
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.26 in 2023), and 77.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 85
Relative position
BE, all sectors
reference
Sector 85
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
raises risk · 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 2024Solvency, return and age of the figures
Solvency
22.4%
Return on assets
31.6%
Age of the figures
20 mo
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 24-07-2025, 7 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€11k
2023 · €-5k
2023: €-5k
2023 → 2024
Total assets
€51k▼ 7.7%
2023 · €55k
2023: €55k
2023 → 2024
Net result
€16k
2023 · €-15k
2023: €-15k
2023 → 2024
Working capital
€-24k▲ 45.3%
2023 · €-44k
2023: €-44k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€-5k-€11k
Operating result€-12k-€20k
Net result€-15k-€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €20k after a loss of €12k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €50k
Fixed assets
€36k▼ 7.4%
Current assets
€14k▼ 7.6%
Equity and liabilities €51k
Equity
€11k
Debt
€40k
Debt finances 77.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€31k▲
2023 · €-5k
Cash flow
€27k▲
2023 · €-7k
Solvency
22.4%▲
2023 · -8.5%
Current ratio
0.37▲
2023 · 0.26
Quick ratio
0.37▲
2023 · 0.26
Debt / equity
3.47▲
2023 · -12.81
ROE
141.0%▼
2023 · 313.7%
ROA
31.6%▲
2023 · -26.6%
Interest coverage
8.40▲
2023 · -1.77
Debt
€40k▼
2023 · €60k
Debt ≤ 1 year
€38k▼
2023 · €59k
Debt > 1 year
€1k
Income taxes
€516▲
2023 · €58
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€55k€51k▼
Formation expenses20€861€636▼
Fixed assets21/28€39k€36k▼
Tangible fixed assets22/27€39k€36k▼
Plant, machinery and equipment23€31k€29k▼
Furniture and vehicles24€3k€3k▲
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28-€94
Current assets29/58€15k€14k▼
Amounts receivable within one year40/41€7k€4k▼
Trade receivables40€7k€2k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€4k€8k▲
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€55k€51k▼
Equity10/15€-5k€11k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-15k€1k▲
Amounts payable17/49€60k€40k▼
Amounts payable after more than one year17-€1k
Financial debts170/4-€1k
Amounts payable within one year42/48€59k€38k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€1k€7k▲
Taxes450/3€1k€7k▲
Other amounts payable47/48€50k€26k▼
Accrued charges and deferred income492/3€570€38▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€-3k€38k▲
Operating profit (loss)9901€-12k€20k▲
Financial income75/76B€0€47▲
Recurring financial income75€0€47▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-15k€17k▲
Income taxes67/77€58€516▲
Profit (loss) for the period9904€-15k€16k▲
Profit (loss) for the period to be appropriated9905€-15k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€1k▲
Profit (loss) brought forward from the previous period14P-€-15k
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ternat · 1 establishment unit since 2022
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.
Moerenslos 61740 TernatGround area
1,125 m²
Building footprint
410 m²
Volume, LiDAR
2,263 m³
2 parcels, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Pilates studio by Val
since 20222.338.676.433
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0009/00L000 | Flanders | 691 m² | 1 · 146 m² | - |
| 23086A0361/00E003 | Flanders | 434 m² | 1 · 263 m² | 12.9 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTernat2.338.676.433
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Of 13,474 companies in sector 85510 we hold annual accounts for 714. 552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2022
Fiscal year end31-12
Activities, NACEBEL
85510Sports and recreation education
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.