Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Rootsriders is 14.4% (high). The 2023 annual accounts show negative equity (€-10k) and a net result of €-6k. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
3 signalsAdministrative Flags
0 eventsFinancials
Annual accounts & ratios
Source: NBB · 2023| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-6k |
| Cash flow | €2k |
| Staff costs | - |
| Income taxes | €783 |
| Dividends | - |
| Total assets | €51k |
| Equity | €-10k |
| Debt | €61k |
| of which ≤ 1y | €61k |
| of which > 1y | - |
| Working capital | €-41k |
| Employees (FTE) | - |
| 2023 | |
|---|---|
| Current ratio | 0.32 |
| Quick ratio | 0.32 |
| Working capital ratio | -81.4% |
| Solvency | -19.8% |
| Debt / equity | -6.06 |
| Long-term debt ratio | - |
| Interest coverage | 22.94 |
| Gross margin | - |
| Net margin | - |
| ROA | -10.9% |
| ROE | 55.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €51k |
| Fixed assets | 21/28 | €31k |
| Tangible fixed assets | 22/27 | €25k |
| Financial fixed assets | 28 | €6k |
| Current assets | 29/58 | €19k |
| Amounts receivable within one year | 40/41 | €19k |
| Cash & bank | 54/58 | €111 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €51k |
| Equity | 10/15 | €-10k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €61k |
| Amounts payable within one year | 42/48 | €61k |
| Trade debts payable within one year | 44 | €36k |
| Income statement | ||
| Gross operating margin | 9900 | €4k |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €4 |
| Financial charges | 65 | €115 |
| Result before taxes | 9903 | €-5k |
| Income taxes | 67/77 | €783 |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
Health barometer
FY 2023 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
2 locationsReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0211/00W012 | Brussels | 266 m² | 1 · 265 m² | 34.0 m · 5 fl. |
| 21447B0306/00E035 | Brussels | 155 m² | 1 · 116 m² | 18.3 m · 4 fl. |
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by profitability.
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Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameNL | Rootsriders |