RE-FOCUS
ActiveRE-FOCUS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36k and a net result of €1k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 19907 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-58
Solvency35▼-51
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.97 in 2023; short-term debt: 11.2% and cash: 3.6% of total assets), and 89.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 86
Relative position
BE, all sectors
reference
Sector 86
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
10.3%
Return on assets
0.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 19907 sector peers (2024).
NBB · sector comparisonPosition among 19907 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
30 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€36k▲ 1.7%
2023 · €36k
2021: €12k
2022: €21k
2023: €36k
2021 → 2024
Total assets
€354k▲ 502%
2023 · €59k
2021: €23k
2022: €39k
2023: €59k
2021 → 2024
Net result
€1k▼ 90.6%
2023 · €15k
2021: €10k
2022: €10k
2023: €15k
2021 → 2024
Working capital
€795▼ 96.5%
2023 · €23k
2021: €8k
2022: €10k
2023: €23k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€12k-€21k▲ 72.7%€36k▲ 68.5%€36k▲ 1.7%
Operating result€13k-€13k▼ 2.3%€21k▲ 63.1%€17k▼ 21.3%
Net result€10k-€10k▼ 3.5%€15k▲ 58.0%€1k▼ 90.6%
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 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €354k
Fixed assets
€314k▲ 2,263%
Current assets
€41k▼ 11.2%
Equity and liabilities €354k
Equity
€36k▲ 1.7%
Debt
€318k▲ 1,276%
The debt ratio rises from 39.2% to 89.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▲
2023 · €24k
Cash flow
€23k▲
2023 · €18k
Solvency
10.3%▼
2023 · 60.8%
Current ratio
1.02▼
2023 · 1.97
Quick ratio
1.02▼
2023 · 1.97
Debt / equity
8.74▲
2023 · 0.65
ROE
4.0%▼
2023 · 43.0%
ROA
0.4%▼
2023 · 26.1%
Interest coverage
2.74▼
2023 · 19.83
Debt
€318k▲
2023 · €23k
Debt ≤ 1 year
€40k▲
2023 · €23k
Debt > 1 year
€278k
Income taxes
€1k▼
2023 · €5k
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€59k€354k▲
Fixed assets21/28€13k€314k▲
Tangible fixed assets22/27€13k€314k▲
Land and buildings22-€303k
Plant, machinery and equipment23€4k€3k▼
Other tangible fixed assets26€9k€8k▼
Current assets29/58€46k€41k▼
Amounts receivable within one year40/41€2k€26k▲
Trade receivables40€2k€22k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€41k€13k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€59k€354k▲
Equity10/15€36k€36k▲
Contributions10/11€3k€3k=
Reserves13€33k€33k▲
Distributable reserves133€33k€33k▲
Profit (loss) carried forward14€17€20▲
Amounts payable17/49€23k€318k▲
Amounts payable after more than one year17-€278k
Financial debts170/4-€278k
Amounts payable within one year42/48€23k€40k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€12k€13k▲
Suppliers440/4€12k€13k▲
Taxes, remuneration and social security45€10k€10k=
Taxes450/3€8k€8k=
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€1k€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€22k▲
Other operating charges640/8€506€1k▲
Gross operating margin9900€24k€40k▲
Operating profit (loss)9901€21k€17k▼
Financial charges65/66B€1k€14k▲
Recurring financial charges65€1k€14k▲
Profit (loss) for the period before taxes9903€20k€3k▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€15k€1k▼
Profit (loss) for the period to be appropriated9905€15k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€1k▼
Profit (loss) brought forward from the previous period14P€15€17▲
Transfer to equity691/2€15k€590▼
To other reserves6921€15k€590▼
Profit to be distributed694/7€833€859▲
Return on contributions (dividend)694€833€859▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €1k ▼90.6%
Net result drops to €1k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2021net €15k ▲58%
Operating result €21k, net result €15k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days 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, Sint-Lievens-Houtem · 2 establishment units since 2021
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.
Edgard Tinelstraat 49520 Sint-Lievens-HoutemGround area
684 m²
Building footprint
286 m²
Volume, LiDAR
1,887 m³
2 parcels, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
RE-FOCUS
since 20212.319.003.051
RE-FOCUS
since 20262.385.994.716
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41063B0339/00M000 | Flanders | 476 m² | 1 · 175 m² | 10.0 m · 3 fl. |
| 41063C0299/00P000 | Flanders | 208 m² | 1 · 110 m² | 10.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,084 EUR awarded · 2,449 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 879 EUR | 1,004 EUR |
| 2024 | 1 | 500 EUR | 375 EUR |
| 2023 | 1 | 486 EUR | 851 EUR |
| 2022 | 1 | 219 EUR | 219 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,690 companies in sector 86951 we hold annual accounts for 2,142. 1,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2021
Fiscal year end31-12
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.