PRINCIPIAE
ActivePRINCIPIAE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €503k and a net result of €161k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 68% of 2286 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 4.42 against 3.62 in 2023), and 25.8% 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 63
Relative position
BE, all sectors
reference
Sector 63
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
74.2%
Return on assets
23.7%
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 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
6 d early
2022
1 d early
2021
27 d early
2020
4 d late
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€503k▲ 10.3%
2023 · €456k
2018: €381k
2019: €431k
2020: €429k
2021: €429k
2022: €452k
2023: €456k
2018 → 2024
Total assets
€678k▲ 1.6%
2023 · €668k
2018: €507k
2019: €604k
2020: €536k
2021: €553k
2022: €536k
2023: €668k
2018 → 2024
Net result
€161k▲ 4.7%
2023 · €154k
2018: €150k
2019: €114k
2020: €23k
2021: €63k
2022: €77k
2023: €154k
2018 → 2024
Working capital
€489k▲ 2.2%
2023 · €479k
2018: €453k
2019: €500k
2020: €477k
2021: €464k
2022: €469k
2023: €479k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€429k-€429k▼ 0.1%€452k▲ 5.4%€456k▲ 0.9%€503k▲ 10.3%
Operating result€39k-€76k▲ 97.3%€106k▲ 39.4%€224k▲ 111%€226k▲ 0.9%
Net result€23k-€63k▲ 178%€77k▲ 22.6%€154k▲ 99.9%€161k▲ 4.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 1% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €678k
Fixed assets
€46k▲ 689%
Current assets
€632k▼ 4.4%
Equity and liabilities €678k
Equity
€503k▲ 10.3%
Debt
€175k▼ 17.2%
The debt ratio falls from 31.7% to 25.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€238k▲
2023 · €226k
Cash flow
€172k▲
2023 · €156k
Solvency
74.2%▲
2023 · 68.3%
Current ratio
4.42▲
2023 · 3.62
Quick ratio
4.33▲
2023 · 3.54
Debt / equity
0.35▼
2023 · 0.46
ROE
32.0%▼
2023 · 33.7%
ROA
23.7%▲
2023 · 23.0%
Interest coverage
47.79▲
2023 · 32.05
Debt
€175k▼
2023 · €212k
Debt ≤ 1 year
€143k▼
2023 · €183k
Income taxes
€70k▲
2023 · €65k
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€668k€678k▲
Fixed assets21/28€6k€46k▲
Tangible fixed assets22/27€5k€46k▲
Furniture and vehicles24€4k€46k▲
Assets under construction and advance payments27€951-
Financial fixed assets28€535-
Current assets29/58€662k€632k▼
Stocks and contracts in progress3€14k€12k▼
Stocks30/36€14k€12k▼
Amounts receivable within one year40/41€9k€54k▲
Trade receivables40€9k€54k▲
Other amounts receivable41-€2
Current investments50/53-€298k
Cash at bank and in hand54/58€636k€266k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€668k€678k▲
Equity10/15€456k€503k▲
Contributions10/11€19k€19k=
Reserves13€437k€484k▲
Distributable reserves133€437k€484k▲
Amounts payable17/49€212k€175k▼
Amounts payable within one year42/48€183k€143k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€20k€23k▲
Taxes450/3€16k€23k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€154k€118k▼
Accrued charges and deferred income492/3€29k€32k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€11k▲
Other operating charges640/8€13k€14k▲
Gross operating margin9900€240k€252k▲
Operating profit (loss)9901€224k€226k▲
Financial income75/76B€2k€10k▲
Recurring financial income75€2k€10k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€219k€231k▲
Income taxes67/77€65k€70k▲
Profit (loss) for the period9904€154k€161k▲
Profit (loss) for the period to be appropriated9905€154k€161k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€161k▲
Transfer from equity791/2€150k€114k▼
Transfer to equity691/2€154k€161k▲
To other reserves6921€154k€161k▲
Profit to be distributed694/7€150k€114k▼
Return on contributions (dividend)694€150k€114k▼
The notes to these accounts (8 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
Highest result since 2018net €161k ▲4.7%
Operating result €226k, net result €161k, both a record.
31-12
Financial
Equity above €500kEq €503k ▲10.3%
7 profitable years in a row build equity to €503k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Weakest financial yearnet €23k ▼80.2%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
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
5 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, Kraainem · 1 establishment unit since 2005
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.
Kapellelaan 1031950 KraainemGround area
277 m²
Building footprint
105 m²
Volume, LiDAR
859 m³
Parcel 22002A0388/00X002, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kapellelaan 103, 1950 Kraainem
since 20052.247.501.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002A0388/00X002 | Flanders | 277 m² | 1 · 105 m² | 12.3 m · 3 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.
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NoTo
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OUT OF THE BOX PRODUCTIONS
BE 0841.370.971
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C & M Financial Consulting
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Of 3,142 companies in sector 63920 we hold annual accounts for 1,516. 967 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2005
Fiscal year end31-12
Activities, NACEBEL
58190Other publishing activities, excluding software publishing
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.