RED CODE
ActiveRED CODE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.87M and a net result of €186k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 92% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+54
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity ample (current ratio 3.71 against 10.52 in 2023; short-term debt: 4.1% and cash: 0.4% of total assets), and 6.9% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
93.1%
Return on assets
2.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
28 d late
2020
30 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€6.87M▲ 2.8%
2023 · €6.69M
2018: €6.12M
2019: €6.41M
2020: €6.58M
2021: €6.71M
2022: €6.75M
2023: €6.69M
2018 → 2024
Total assets
€7.38M▲ 5.1%
2023 · €7.02M
2018: €6.65M
2019: €6.66M
2020: €6.71M
2021: €7.07M
2022: €7.07M
2023: €7.02M
2018 → 2024
Net result
€186k
2023 · €-67k
2018: €2k
2019: €300k
2020: €5k
2021: €129k
2022: €40k
2023: €-67k
2018 → 2024
Working capital
€823k▼ 16.8%
2023 · €989k
2018: €2.34M
2019: €3.46M
2020: €3.32M
2021: €2.66M
2022: €1.68M
2023: €989k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€6.58M-€6.71M▲ 2.0%€6.75M▲ 0.6%€6.69M▼ 1.0%€6.87M▲ 2.8%
Operating result€6k-€158k▲ 2,757%€-113k€-132k▼ 16.5%€170k
Net result€5k-€129k▲ 2,490%€40k▼ 69.2%€-67k€186k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €170k after a loss of €132k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.38M
Fixed assets
€6.26M▲ 5.5%
Current assets
€1.13M▲ 3.1%
Equity and liabilities €7.38M
Equity
€6.87M▲ 2.8%
Provisions
€31k▼ 10.5%
Debt
€480k▲ 58.3%
The debt ratio rises from 4.3% to 6.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€300k▲
2023 · €-18k
Cash flow
€317k▲
2023 · €46k
Solvency
93.1%▼
2023 · 95.2%
Current ratio
3.71▼
2023 · 10.52
Quick ratio
3.71▼
2023 · 10.52
Debt / equity
0.07▲
2023 · 0.05
ROE
2.7%▲
2023 · -1.0%
ROA
2.5%▲
2023 · -1.0%
Interest coverage
139.57▲
2023 · -7.26
Debt
€480k▲
2023 · €303k
Debt ≤ 1 year
€304k▲
2023 · €104k
Debt > 1 year
€175k▼
2023 · €199k
Income taxes
€605▲
2023 · €-275
Staff costs
€49k▼
2023 · €52k
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€7.02M€7.38M▲
Fixed assets21/28€5.93M€6.26M▲
Tangible fixed assets22/27€2.26M€2.25M▼
Land and buildings22€2.18M€2.10M▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€76k€147k▲
Financial fixed assets28€3.67M€4.01M▲
Current assets29/58€1.09M€1.13M▲
Amounts receivable within one year40/41€474k€533k▲
Trade receivables40€46k€134k▲
Other amounts receivable41€428k€399k▼
Current investments50/53€507k€507k=
Cash at bank and in hand54/58€99k€30k▼
Deferred charges and accrued income490/1€13k€56k▲
Equity and liabilities
Total equity and liabilities10/49€7.02M€7.38M▲
Equity10/15€6.69M€6.87M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6.62M€6.81M▲
Non-distributable reserves130/1€17k€17k=
Legal reserve130€17k€17k=
Tax-exempt reserves132€139k€124k▼
Distributable reserves133€6.47M€6.67M▲
Provisions and deferred taxes16€35k€31k▼
Deferred taxes168€35k€31k▼
Amounts payable17/49€303k€480k▲
Amounts payable after more than one year17€199k€175k▼
Financial debts170/4€184k€163k▼
Other amounts payable178/9€15k€12k▼
Amounts payable within one year42/48€104k€304k▲
Current portion of amounts payable after more than one year42€14k€11k▼
Trade debts44€15k€18k▲
Suppliers440/4€15k€18k▲
Taxes, remuneration and social security45€23k€26k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€14k€6k▼
Other amounts payable47/48€53k€249k▲
Accrued charges and deferred income492/3€626€1k▲
Income statement
Code20232024
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€52k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€113k€131k▲
Other operating charges640/8€53k€10k▼
Gross operating margin9900€87k€360k▲
Operating profit (loss)9901€-132k€170k▲
Financial income75/76B€63k€16k▼
Recurring financial income75€63k€16k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-71k€183k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€-275€605▲
Profit (loss) for the period9904€-67k€186k▲
Transfer from tax-exempt reserves789€228k€14k▼
Profit (loss) for the period to be appropriated9905€161k€201k▲
Appropriation of the result
Profit (loss) to be appropriated9906€161k€201k▲
Transfer to equity691/2€161k€201k▲
To other reserves6921€161k€201k▲
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €186k
Net result €186k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-67k ▼269%
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 48.07
Current ratio from 20.18 to 48.07; short-term debt falls from €181k to €70k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Highest result since 2018net €300k ▲11990%
Net result €300k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
18-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-01
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
8 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, Merchtem · 1 establishment unit since 1990
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.
Kwekelaarstraat 31785 MerchtemGround area
8,042 m²
Building footprint
319 m²
Volume, LiDAR
988 m³
Parcel 23012H0230/00H000, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kwekelaarstraat 3, 1785 Merchtem
since 19902.047.483.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012H0230/00H000 | Flanders | 8,042 m² | 1 · 319 m² | 4.3 m · 1 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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CREASOGNO
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JI CONSULT
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 8,986 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-02-1990
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.