POLE POSITION
ActivePOLE POSITION has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.53M and a net result of €415k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 68% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
89
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability17▲+14
Solvency80=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.1M at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.36 in 2023), and 47.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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 2024Solvency, return and age of the figures
Solvency
52.5%
Return on assets
1.7%
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 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
34 d early
2022
3 d early
2021
2 d early
2020
25 d early
2019
20 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€12.53M▲ 3.4%
2023 · €12.12M
2018: €10.64M
2019: €10.59M
2020: €11.06M
2021: €11.33M
2022: €12.03M
2023: €12.12M
2018 → 2024
Total assets
€23.86M▼ 2.9%
2023 · €24.59M
2018: €14.12M
2019: €18.90M
2020: €18.13M
2021: €24.32M
2022: €24.10M
2023: €24.59M
2018 → 2024
Net result
€415k▲ 390%
2023 · €85k
2018: €85k
2019: €-50k
2020: €471k
2021: €264k
2022: €56k
2023: €85k
2018 → 2024
Working capital
€280k▼ 31.7%
2023 · €410k
2018: €146k
2019: €-383k
2020: €3.02M
2021: €1.80M
2022: €1.23M
2023: €410k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11.06M-€11.33M▲ 2.4%€12.03M▲ 6.2%€12.12M▲ 0.7%€12.53M▲ 3.4%
Operating result€706k-€423k▼ 40.1%€162k▼ 61.8%€196k▲ 21.5%€666k▲ 239%
Net result€471k-€264k▼ 43.9%€56k▼ 78.9%€85k▲ 52.4%€415k▲ 390%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 239% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €23.86M
Fixed assets
€22.50M▼ 2.3%
Current assets
€1.37M▼ 11.9%
Equity and liabilities €23.86M
Equity
€12.53M▲ 3.4%
Provisions
€166k▲ 94.1%
Debt
€11.17M▼ 9.8%
The debt ratio falls from 50.4% to 46.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.47M▲
2023 · €1.05M
Cash flow
€1.22M▲
2023 · €938k
Solvency
52.5%▲
2023 · 49.3%
Current ratio
1.26▼
2023 · 1.36
Quick ratio
1.26▼
2023 · 1.36
Debt / equity
0.89▼
2023 · 1.02
ROE
3.3%▲
2023 · 0.7%
ROA
1.7%▲
2023 · 0.3%
Interest coverage
7.24▲
2023 · 6.22
Debt
€11.17M▼
2023 · €12.39M
Debt ≤ 1 year
€1.09M▼
2023 · €1.14M
Debt > 1 year
€10.07M▼
2023 · €11.23M
Income taxes
€54k▲
2023 · €32k
Staff costs
€10k▼
2023 · €16k
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€24.59M€23.86M▼
Fixed assets21/28€23.04M€22.50M▼
Tangible fixed assets22/27€21.72M€21.18M▼
Land and buildings22€21.66M€21.10M▼
Furniture and vehicles24€58k€77k▲
Financial fixed assets28€1.32M€1.32M=
Current assets29/58€1.55M€1.37M▼
Amounts receivable after more than one year29€1.32M€1.32M=
Other amounts receivable291€1.32M€1.32M=
Amounts receivable within one year40/41€40k€0▼
Other amounts receivable41€40k€0▼
Cash at bank and in hand54/58€31k€7k▼
Deferred charges and accrued income490/1€163k€42k▼
Equity and liabilities
Total equity and liabilities10/49€24.59M€23.86M▼
Equity10/15€12.12M€12.53M▲
Contributions10/11€819k€819k=
Reserves13€11.30M€11.71M▲
Tax-exempt reserves132€256k€498k▲
Distributable reserves133€11.04M€11.21M▲
Provisions and deferred taxes16€85k€166k▲
Deferred taxes168€85k€166k▲
Amounts payable17/49€12.39M€11.17M▼
Amounts payable after more than one year17€11.23M€10.07M▼
Financial debts170/4€11.23M€10.07M▼
Amounts payable within one year42/48€1.14M€1.09M▼
Current portion of amounts payable after more than one year42€1.04M€937k▼
Trade debts44€11k€5k▼
Suppliers440/4€11k€5k▼
Taxes, remuneration and social security45€15k€63k▲
Taxes450/3€14k€62k▲
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€78k€83k▲
Accrued charges and deferred income492/3€18k€14k▼
Income statement
Code20232024
Non-recurring operating income76A-€360k
Remuneration, social security and pensions62€16k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€853k€801k▼
Other operating charges640/8€55k€44k▼
Gross operating margin9900€1.12M€1.52M▲
Operating profit (loss)9901€196k€666k▲
Financial income75/76B€86k€87k▲
Recurring financial income75€86k€87k▲
Financial charges65/66B€169k€202k▲
Recurring financial charges65€169k€202k▲
Profit (loss) for the period before taxes9903€114k€550k▲
Transfer from deferred taxes780€3k€9k▲
Transfer to deferred taxes680-€90k
Income taxes67/77€32k€54k▲
Profit (loss) for the period9904€85k€415k▲
Transfer from tax-exempt reserves789€9k€28k▲
Transfer to tax-exempt reserves689-€269k
Profit (loss) for the period to be appropriated9905€93k€174k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€174k▲
Transfer to equity691/2€93k€174k▲
To other reserves6921€93k€174k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €471k
Net result €471k after one loss-making year.
31-12
Financial
Liquidity times 11current ratio 5.12
Current ratio from 0.47 to 5.12.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
31-12
Financial
Weakest financial yearnet €-50k ▼158%
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Moorslede · 1 establishment unit since 1991
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.
Beselarestraat 728890 MoorsledeGround area
7,011 m²
Building footprint
1,129 m²
Parcel 36003A0079/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
POLE POSITION
since 19912.051.697.973
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36003A0079/00K000 | Flanders | 7,011 m² | 1 · 1,129 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500487N2EE1F09E69
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 1,881 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-01-1991
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.