Principio
ActivePrincipio has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €766. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-96
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 13.91 against 6.47 in 2024), and 9.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
90.2%
Return on assets
0.7%
Age of the figures
15 mo
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 24-01-2026, 7 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
7 d early
2024
on the day
2023
1 d early
2022
7 d early
2021
4 d early
2020
1 d late
← 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 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€102k▲ 0.8%
2024 · €101k
2020: €30k
2021: €59k
2022: €64k
2023: €80k
2024: €101k
2020 → 2025
Total assets
€113k▼ 5.4%
2024 · €119k
2020: €38k
2021: €84k
2022: €88k
2023: €102k
2024: €119k
2020 → 2025
Net result
€766▼ 97.0%
2024 · €25k
2020: €3k
2021: €29k
2022: €5k
2023: €16k
2024: €25k
2020 → 2025
Working capital
€98k▲ 5.7%
2024 · €93k
2020: €29k
2021: €53k
2022: €61k
2023: €77k
2024: €93k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€64k▲ 8.1%€80k▲ 25.2%€101k▲ 26.5%€102k▲ 0.8%
Operating result€45k-€9k▼ 79.6%€26k▲ 181%€37k▲ 40.7%€463▼ 98.7%
Net result€29k-€5k▼ 83.5%€16k▲ 235%€25k▲ 58.2%€766▼ 97.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€7k▼ 24.6%
Current assets
€106k▼ 3.7%
Equity and liabilities €113k
Equity
€102k▲ 0.8%
Debt
€11k▼ 39.2%
The debt ratio falls from 15.3% to 9.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2k▼
2024 · €40k
Cash flow
€2k▼
2024 · €29k
Solvency
90.2%▲
2024 · 84.7%
Current ratio
13.91▲
2024 · 6.47
Quick ratio
13.91▲
2024 · 6.47
Debt / equity
0.11▼
2024 · 0.18
ROE
0.8%▼
2024 · 25.2%
ROA
0.7%▼
2024 · 21.3%
Interest coverage
9.32▼
2024 · 187.93
Debt
€11k▼
2024 · €18k
Debt ≤ 1 year
€8k▼
2024 · €17k
Income taxes
€3k▼
2024 · €13k
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€119k€113k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€9k€7k▼
Furniture and vehicles24€9k€7k▼
Financial fixed assets28€700€700=
Current assets29/58€110k€106k▼
Amounts receivable within one year40/41€61k€70k▲
Trade receivables40€15k€14k▼
Other amounts receivable41€46k€55k▲
Cash at bank and in hand54/58€47k€35k▼
Deferred charges and accrued income490/1€2k€801▼
Equity and liabilities
Total equity and liabilities10/49€119k€113k▼
Equity10/15€101k€102k▲
Contributions10/11€3k€3k=
Reserves13€72k€72k=
Distributable reserves133€72k€72k=
Profit (loss) carried forward14€27k€27k▲
Amounts payable17/49€18k€11k▼
Amounts payable within one year42/48€17k€8k▼
Trade debts44€6k€8k▲
Suppliers440/4€6k€8k▲
Taxes, remuneration and social security45€11k-
Taxes450/3€10k-
Remuneration and social security454/9€1k-
Accrued charges and deferred income492/3€1k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€1k€838▼
Gross operating margin9900€41k€3k▼
Operating profit (loss)9901€37k€463▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€215€212▼
Recurring financial charges65€215€212▼
Profit (loss) for the period before taxes9903€39k€3k▼
Income taxes67/77€13k€3k▼
Profit (loss) for the period9904€25k€766▼
Profit (loss) for the period to be appropriated9905€25k€766▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€27k▼
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer to equity691/2€21k-
To other reserves6921€21k-
Profit to be distributed694/7€4k-
Return on contributions (dividend)694€4k-
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
2026
24-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €766 ▼97%
Net result drops to €766, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 13.91
Current ratio from 6.47 to 13.91; short-term debt falls from €17k to €8k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €100kEq €101k ▲26.5%
5 profitable years in a row build equity to €101k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2020net €29k ▲807%
Operating result €45k, net result €29k, both a record.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
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, Antwerpen · 1 establishment unit since 2009
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.
Jan Van Rijswijcklaan 164/302020 AntwerpenGround area
1,961 m²
Building footprint
577 m²
Volume, LiDAR
11,180 m³
2 parcels, Flanders · tallest building 31.7 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
PRINCIPIO
since 20092.183.476.730
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24002E0100/00S002 | Flanders | 1,301 m² | 1 · 212 m² | 9.5 m · 2 fl. |
| 11809I2155/00V000 | Flanders | 661 m² | 1 · 365 m² | 31.7 m · 10 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.
Similar companies · same sector, comparable size
HEVICO
BE 0451.744.440
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J.S.A. EVENTS
BE 0835.774.566
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't Rondpunt Antiekcenter
BE 0818.487.285
Oudenaarde · Eq €102k
DECOENE
BE 0464.094.817
Kuurne · Eq €101k
ACOMA
BE 0473.583.001
Chaudfontaine · Eq €102k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 1,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2009
Fiscal year end30-06
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.