POSTSCRIPTUM
ActivePOSTSCRIPTUM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33k and a net result of €-31k. Equity is shrinking by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 726 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+6
Solvency36▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.95 against 1.01 in 2024; short-term debt: 88.8% and cash: 21% of total assets), and 88.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 71
Relative position
BE, all sectors
reference
Sector 71
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
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 2025Solvency, return and age of the figures
Solvency
11.2%
Return on assets
-10.6%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-31k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 726 sector peers (2025).
NBB · sector comparisonPosition among 726 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-12-2025, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
58 d early
2023
63 d early
2022
47 d early
2021
49 d early
2020
53 d early
2019
58 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-31k▲ 87.7%
2024 · €-255k
2019: €215k
2020: €32k
2021: €-18k
2022: €47k
2023: €-138
2024: €-255k
2019 → 2025
Working capital
€-14k
2024 · €1k
2019: €241k
2020: €271k
2021: €308k
2022: €310k
2023: €277k
2024: €1k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€273k-€319k▲ 17.1%€319k=€65k▼ 79.8%€33k▼ 48.6%
Operating result€-22k-€63k€9k▼ 85.9%€-245k€-25k▲ 89.8%
Net result€-18k-€47k€-138€-255k▼ 184,960%€-31k▲ 87.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2025 against €245k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €297k
Fixed assets
€47k▼ 25.2%
Current assets
€250k=
Equity and liabilities €297k
Equity
€33k▼ 48.6%
Debt
€264k▲ 6.2%
The debt ratio rises from 79.4% to 88.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▲
2024 · €-226k
Cash flow
€-15k▲
2024 · €-235k
Solvency
11.2%▼
2024 · 20.6%
Current ratio
0.95▼
2024 · 1.01
Quick ratio
0.95▼
2024 · 1.01
Debt / equity
7.95▲
2024 · 3.85
ROE
-94.5%▲
2024 · -393.8%
ROA
-10.6%▲
2024 · -81.2%
Interest coverage
-1.19▲
2024 · -23.30
Debt
€264k▲
2024 · €249k
Debt ≤ 1 year
€264k▲
2024 · €249k
Staff costs
€63k▼
2024 · €76k
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€313k€297k▼
Fixed assets21/28€63k€47k▼
Tangible fixed assets22/27€62k€46k▼
Plant, machinery and equipment23€19k€16k▼
Furniture and vehicles24€43k€30k▼
Financial fixed assets28€945€945=
Current assets29/58€250k€250k=
Amounts receivable within one year40/41€231k€171k▼
Trade receivables40€207k€136k▼
Other amounts receivable41€24k€35k▲
Cash at bank and in hand54/58€1k€62k▲
Deferred charges and accrued income490/1€18k€17k▼
Equity and liabilities
Total equity and liabilities10/49€313k€297k▼
Equity10/15€65k€33k▼
Contributions10/11€8k€8k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Profit (loss) carried forward14€48k€17k▼
Amounts payable17/49€249k€264k▲
Amounts payable within one year42/48€249k€264k▲
Current portion of amounts payable after more than one year42€2k-
Financial debts43€125k€150k▲
Credit institutions430/8€125k€150k▲
Trade debts44€107k€101k▼
Suppliers440/4€107k€101k▼
Taxes, remuneration and social security45€15k€13k▼
Taxes450/3€3k€3k▲
Remuneration and social security454/9€11k€9k▼
Income statement
Code20242025
Remuneration, social security and pensions62€76k€63k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€16k▼
Other operating charges640/8€23k€23k▲
Gross operating margin9900€-127k€77k▲
Operating profit (loss)9901€-245k€-25k▲
Financial income75/76B€159€1k▲
Recurring financial income75€159€1k▲
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€-255k€-31k▲
Profit (loss) for the period9904€-255k€-31k▲
Profit (loss) for the period to be appropriated9905€-255k€-31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€17k▼
Profit (loss) brought forward from the previous period14P€303k€48k▼
Social balance
Average headcount (FTE)90871.80.8▼
The notes to these accounts (6 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
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet €-255k
Net result drops to €-255k, the lowest in the series; recovery starts the following year.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €47k
Net result €47k after one loss-making year.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
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.
Terhulpsesteenweg 1661170 Watermaal-BosvoordeGround area
3.2 ha
Building footprint
7,322 m²
Volume, LiDAR
125,390 m³
Parcel 21652E0030/00D002, Brussels · tallest building 21.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Terhulpsesteenweg 166, 1170 Watermaal-Bosvoorde
since 20012.229.697.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0030/00D002 | Brussels | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Federal government
2024 · 1 entry · 12,100 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Mobiliteit | 1 | 12,100 EUR |
Budget allocations
Samenwerkingsakkoord Beliris - Kapitaaloverdracht overheidsbedrijven.
European Union, budget
2024 to 2025 · 2 entries · 312,125 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 244,528 EUR |
| 2024 | 1 | 67,597 EUR |
Projects
OTHER EXPENDITURE RELATED TO BUILDINGS
AUTRES DÉPENSES LIÉES AUX IMMEUBLES
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,320. 5,018 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-2001
Fiscal year end30-06
Abbreviation FR
RPA + U
Activities, NACEBEL
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:025141743