REA MCEF
ActiveREA MCEF has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €439k and a net result of €158k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 89% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+21
Growth52▲+13
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 29.93 against 2.3 in 2024; short-term debt: 3.3% and cash: 6.6% of total assets), and 6% 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 →
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
94%
Return on assets
33.8%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
6 d late
2024
29 d early
2023
28 d early
2022
53 d early
2021
12 d late
2020
19 d late
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€234k▼ 9.6%
2018 · €258k
2018: €258k
2018 → 2019
EBIT margin
57.0%▼ 14.3pp
2018 · 71.3%
2018: 71.3%
2018 → 2019
Net result
€158k▲ 2.3%
2024 · €154k
2018: €140k
2019: €104k
2020: €143k
2021: €120k
2022: €100k
2023: €116k
2024: €154k
2018 → 2025
Working capital
€441k▲ 55.2%
2024 · €284k
2018: €360k
2019: €237k
2020: €104k
2021: €126k
2022: €230k
2023: €283k
2024: €284k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€235k▲ 74.2%€281k▲ 19.8%€281k=€439k▲ 56.2%
Operating result€157k-€145k▼ 7.9%€162k▲ 12.2%€203k▲ 25.0%€208k▲ 2.4%
Net result€120k-€100k▼ 16.4%€116k▲ 16.4%€154k▲ 32.6%€158k▲ 2.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €467k
Fixed assets
€11k▼ 23.7%
Current assets
€456k▼ 9.4%
Equity and liabilities €467k
Equity
€439k▲ 56.2%
Provisions
€13k=
Debt
€15k▼ 93.2%
The debt ratio falls from 43.2% to 3.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€211k▲
2024 · €206k
Cash flow
€161k▲
2024 · €158k
Solvency
94.0%▲
2024 · 54.3%
Current ratio
29.93▲
2024 · 2.30
Quick ratio
29.93▲
2024 · 2.30
Debt / equity
0.03▼
2024 · 0.80
ROE
36.0%▼
2024 · 54.9%
ROA
33.8%▲
2024 · 29.8%
Interest coverage
4310.49▲
2024 · 44.49
Debt
€15k▼
2024 · €224k
Debt ≤ 1 year
€15k▼
2024 · €219k
Income taxes
€58k▲
2024 · €50k
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€518k€467k▼
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Plant, machinery and equipment23€2k€491▼
Other tangible fixed assets26€12k€10k▼
Financial fixed assets28€250€250=
Current assets29/58€504k€456k▼
Amounts receivable after more than one year29€275k€275k=
Other amounts receivable291€275k€275k=
Amounts receivable within one year40/41€266€110k▲
Other amounts receivable41€266€110k▲
Current investments50/53€138k€38k▼
Cash at bank and in hand54/58€87k€31k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€518k€467k▼
Equity10/15€281k€439k▲
Contributions10/11€93k€93k=
Outside capital11€93k-
Other1109/19€93k-
Reserves13€188k€188k=
Non-distributable reserves130/1€9k-
Legal reserve130€9k-
Tax-exempt reserves132€13k€13k=
Distributable reserves133€166k€175k▲
Profit (loss) carried forward14-€158k
Provisions and deferred taxes16€13k€13k=
Provisions for liabilities and charges160/5€13k€13k=
Pensions and similar obligations160€13k€13k=
Amounts payable17/49€224k€15k▼
Amounts payable within one year42/48€219k€15k▼
Trade debts44€75€211▲
Suppliers440/4€75€211▲
Taxes, remuneration and social security45€48k€15k▼
Taxes450/3€48k€15k▼
Other amounts payable47/48€171k-
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8-€199
Gross operating margin9900€206k€211k▲
Operating profit (loss)9901€203k€208k▲
Financial income75/76B€6k€8k▲
Recurring financial income75€6k€8k▲
Financial charges65/66B€5k€49▼
Recurring financial charges65€5k€49▼
Profit (loss) for the period before taxes9903€204k€216k▲
Income taxes67/77€50k€58k▲
Profit (loss) for the period9904€154k€158k▲
Profit (loss) for the period to be appropriated9905€154k€158k▲
Appropriation of the result
Profit (loss) to be appropriated9906€154k€158k▲
Profit to be distributed694/7€154k-
Return on contributions (dividend)694€154k-
The notes to these accounts (10 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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Highest result since 2018net €158k ▲2.3%
Operating result €208k, net result €158k, both a record.
31-12
Financial
Liquidity times 13current ratio 29.93
Current ratio from 2.30 to 29.93; short-term debt falls from €219k to €15k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €100k ▼16.4%
Net result drops to €100k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €235k ▲74.2%
5 profitable years in a row build equity to €235k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lasne
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.
Rue de la Bachée 651380 LasneGround area
1,120 m²
Building footprint
137 m²
Volume, LiDAR
1,291 m³
Parcel 25087C0346/02E000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25087C0346/02E000 | Wallonia | 1,120 m² | 1 · 137 m² | 11.0 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.
Similar companies · same sector, comparable size
SOCIETE ORTHOPEDIQUE DU DOCTEUR LAMBERT ARNAULD
BE 0724.731.441
Vielsalm · Eq €439k
Cabinet de Cardiologie J.-C. BOLOGNE
BE 0643.547.686
Fléron · Eq €439k
DR. VEERLE VERVAET
BE 0899.826.240
Gent · Eq €439k
HERVÉ
BE 0811.767.363
Genappe · Eq €440k
Dokter Sara De Vliegher
BE 0804.133.562
Berlare · Eq €439k
Of 16,628 companies in sector 86220 we hold annual accounts for 7,974. 6,513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2003
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.