Red Thread
ActiveRed Thread has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241k and a net result of €12k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 77% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-4
Solvency100▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 5.01 against 2.99 in 2024; short-term debt: 20% and cash: 58.7% of total assets), and 20% 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 · 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
80%
Return on assets
4%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
26 d late
2023
26 d late
2022
31 d late
2021
9 d late
2020
2 d early
2019
91 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€241k▲ 5.3%
2024 · €229k
2018: €141k
2019: €157k
2020: €178k
2021: €211k
2022: €261k
2023: €270k
2024: €229k
2018 → 2025
Total assets
€302k▼ 12.4%
2024 · €344k
2018: €223k
2019: €243k
2020: €270k
2021: €310k
2022: €385k
2023: €365k
2024: €344k
2018 → 2025
Net result
€12k▼ 39.9%
2024 · €20k
2018: €38k
2019: €36k
2020: €36k
2021: €65k
2022: €85k
2023: €9k
2024: €20k
2018 → 2025
Working capital
€241k▲ 5.3%
2024 · €229k
2018: €141k
2019: €156k
2020: €178k
2021: €211k
2022: €261k
2023: €270k
2024: €229k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€261k▲ 23.4%€270k▲ 3.3%€229k▼ 15.0%€241k▲ 5.3%
Operating result€73k-€100k▲ 37.6%€12k▼ 88.4%€30k▲ 156%€20k▼ 33.5%
Net result€65k-€85k▲ 29.1%€9k▼ 89.8%€20k▲ 134%€12k▼ 39.9%
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 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €302k
Equity
€241k▲ 5.3%
Debt
€60k▼ 47.6%
The debt ratio falls from 33.4% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
80.0%▲
2024 · 66.6%
Current ratio
5.01▲
2024 · 2.99
Quick ratio
5.01▲
2024 · 2.99
Debt / equity
0.25▼
2024 · 0.50
ROE
5.1%▼
2024 · 8.9%
ROA
4.0%▼
2024 · 5.9%
Debt
€60k▼
2024 · €115k
Debt ≤ 1 year
€60k▼
2024 · €115k
Income taxes
€5k▼
2024 · €8k
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€344k€302k▼
Current assets29/58€344k€302k▼
Amounts receivable within one year40/41€101k€112k▲
Trade receivables40€89k€94k▲
Other amounts receivable41€12k€18k▲
Cash at bank and in hand54/58€219k€177k▼
Deferred charges and accrued income490/1€24k€12k▼
Equity and liabilities
Total equity and liabilities10/49€344k€302k▼
Equity10/15€229k€241k▲
Contributions10/11€31k€31k=
Reserves13€198k€210k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€194k€206k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€115k€60k▼
Amounts payable within one year42/48€115k€60k▼
Trade debts44€38k€46k▲
Suppliers440/4€38k€46k▲
Taxes, remuneration and social security45€20k€14k▼
Taxes450/3€20k€14k▼
Other amounts payable47/48€58k€0▼
Income statement
Code20242025
Other operating charges640/8€781€879▲
Gross operating margin9900€30k€21k▼
Operating profit (loss)9901€30k€20k▼
Financial income75/76B€1k€973▼
Recurring financial income75€1k€973▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€28k€17k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€20k€12k▼
Profit (loss) for the period to be appropriated9905€20k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€12k▼
Transfer from equity791/2€61k€0▼
Transfer to equity691/2€20k€12k▼
To other reserves6921€20k€12k▼
Profit to be distributed694/7€61k€0▼
Return on contributions (dividend)694€61k€0▼
The notes to these accounts (4 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet €9k ▼89.8%
Net result drops to €9k, 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
31-12
Financial
Highest result since 2018net €85k ▲29.1%
Operating result €100k, net result €85k, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 days late
2021
31-12
Financial
Equity above €200kEq €211k ▲18.8%
4 profitable years in a row build equity to €211k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €150kEq €157k ▲11.2%
2 profitable years in a row build equity to €157k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · 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
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, Etterbeek · 1 establishment unit since 2010
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.
Aduatukersstraat 421040 EtterbeekGround area
260 m²
Building footprint
138 m²
Volume, LiDAR
1,826 m³
2 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MEDIA SHIELD
since 20102.191.196.841
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0273/00S006 | Brussels | 137 m² | 1 · 76 m² | 17.8 m · 5 fl. |
| 21443C0038/00D009 | Brussels | 123 m² | 1 · 62 m² | 13.7 m · 4 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.
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LEGIOEN
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2010
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.