S & L
ActiveThe computed 12-month bankruptcy probability of S & L is 2.2% (moderate). The 2024 annual accounts show negative equity (€-44k) and a net result of €-2k. Equity is shrinking by ~46.6% per year across the filed fiscal years. The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▼-9
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.63 in 2023; short-term debt: 335.8% and cash: 97.1% of total assets), and equity is negative.
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
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
-275.5%
Return on assets
-10.2%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-44k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
1 d early
2022
31 d late
2021
2 d early
2020
2 d early
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-44k▼ 3.8%
2023 · €-43k
2018: €50k
2019: €30k
2020: €16k
2021: €-7k
2022: €-39k
2023: €-43k
2018 → 2024
Total assets
€16k▼ 69.8%
2023 · €53k
2018: €211k
2019: €209k
2020: €193k
2021: €178k
2022: €61k
2023: €53k
2018 → 2024
Net result
€-2k▲ 53.1%
2023 · €-3k
2018: €-18k
2019: €-20k
2020: €-15k
2021: €-23k
2022: €-32k
2023: €-3k
2018 → 2024
Working capital
€-38k▼ 19.3%
2023 · €-32k
2018: €-115k
2019: €-138k
2020: €-144k
2021: €-157k
2022: €-24k
2023: €-32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€-7k€-39k▼ 454%€-43k▼ 8.9%€-44k▼ 3.8%
Operating result€-15k-€-23k▼ 51.5%€-39k▼ 71.0%€-3k▲ 92.7%€-1k▲ 62.9%
Net result€-15k-€-23k▼ 52.4%€-32k▼ 41.4%€-3k▲ 89.1%€-2k▲ 53.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2024 against €3k in 2023; the loss shrinks.
Key figures and ratios
Solvency
-275.5%▼
2023 · -80.1%
Current ratio
0.30▼
2023 · 0.63
Quick ratio
0.30▼
2023 · 0.63
Debt / equity
-1.36▲
2023 · -2.25
ROA
-10.2%▼
2023 · -6.6%
Debt
€60k▼
2023 · €96k
Debt ≤ 1 year
€54k▼
2023 · €85k
Debt > 1 year
€6k▼
2023 · €11k
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€53k€16k▼
Current assets29/58€53k€16k▼
Amounts receivable within one year40/41€461€461=
Other amounts receivable41€461€461=
Cash at bank and in hand54/58€53k€16k▼
Equity and liabilities
Total equity and liabilities10/49€53k€16k▼
Equity10/15€-43k€-44k▼
Contributions10/11€12k€12k=
Reserves13€53k€53k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€-107k€-109k▼
Amounts payable17/49€96k€60k▼
Amounts payable after more than one year17€11k€6k▼
Financial debts170/4€11k€6k▼
Amounts payable within one year42/48€85k€54k▼
Current portion of amounts payable after more than one year42€5k€5k=
Other amounts payable47/48€80k€49k▼
Income statement
Code20232024
Gross operating margin9900€-3k€-1k▲
Operating profit (loss)9901€-3k€-1k▲
Financial charges65/66B€654€584▼
Recurring financial charges65€654€584▼
Profit (loss) for the period before taxes9903€-3k€-2k▲
Profit (loss) for the period9904€-3k€-2k▲
Profit (loss) for the period to be appropriated9905€-3k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-107k€-109k▼
Profit (loss) brought forward from the previous period14P€-104k€-107k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 48 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-07
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
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, Glabbeek · 1 establishment unit since 2008
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.
Grotestraat 17A3380 GlabbeekGround area
2,496 m²
Building footprint
672 m²
Volume, LiDAR
4,392 m³
Parcel 24030B0017/00G006, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S & L
since 20082.174.420.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24030B0017/00G006 | Flanders | 2,496 m² | 1 · 672 m² | 9.1 m · 2 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2008
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:kris.mellaerts@gmail.com
Phone:0475/754576