S&P GLOBAL BELGIUM
ActiveS&P GLOBAL BELGIUM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €156k and a net result of €-51k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 20% of 5474 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 5474 sector peers (2025).
NBB · sector comparisonPosition among 5474 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
90 d late
2023
288 d late
2022
35 d early
2021
38 d early
2020
45 d early
2019
4 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€156k▼ 24.5%
2024 · €207k
2018: €64k
2019: €88k
2020: €75k
2021: €65k
2022: €146k
2023: €174k
2024: €207k
2018 → 2025
Net result
€-51k
2024 · €33k
2018: €35k
2019: €25k
2020: €-13k
2021: €-10k
2022: €81k
2023: €28k
2024: €33k
2018 → 2025
Total assets
€839k▲ 18.0%
2024 · €711k
2018: €229k
2019: €414k
2020: €391k
2021: €404k
2022: €336k
2023: €684k
2024: €711k
2018 → 2025
Solvency
18.6%▼ 10.5pp
2024 · 29.1%
2018: 27.8%
2019: 21.3%
2020: 19.3%
2021: 16.1%
2022: 43.5%
2023: 25.4%
2024: 29.1%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€65k-€146k▲ 124%€174k▲ 19.1%€207k▲ 19.3%€156k▼ 24.5%
Operating result€5k-€72k▲ 1,437%€35k▼ 51.0%€41k▲ 16.9%€-55k
Net result€-10k-€81k€28k▼ 65.6%€33k▲ 20.4%€-51k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €55k after €41k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €839k
Fixed assets
€4k▼ 19.7%
Current assets
€835k▲ 18.3%
Equity and liabilities €839k
Equity
€156k▼ 24.5%
Debt
€683k▲ 35.5%
The debt ratio rises from 70.9% to 81.4%: debt grows while equity shrinks.
Key figures and ratios
Solvency
18.6%▼
2024 · 29.1%
ROE
-32.4%▼
2024 · 16.2%
ROA
-6.0%▼
2024 · 4.7%
Debt
€683k▲
2024 · €504k
Debt ≤ 1 year
€432k▲
2024 · €218k
Income taxes
€-1k▼
2024 · €16k
Staff costs
€884k▼
2024 · €903k
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€711k€839k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€1k€0▼
Furniture and vehicles24€1k€0▼
Financial fixed assets28€4k€4k=
Current assets29/58€706k€835k▲
Amounts receivable within one year40/41€705k€835k▲
Other amounts receivable41€705k€835k▲
Deferred charges and accrued income490/1€903€0▼
Equity and liabilities
Total equity and liabilities10/49€711k€839k▲
Equity10/15€207k€156k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€185k€134k▼
Amounts payable17/49€504k€683k▲
Amounts payable within one year42/48€218k€432k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€1k€154▼
Suppliers440/4€1k€154▼
Taxes, remuneration and social security45€214k€428k▲
Remuneration and social security454/9€214k€428k▲
Other amounts payable47/48€2k€4k▲
Accrued charges and deferred income492/3€286k€251k▼
Income statement
Code20242025
Non-recurring operating income76A-€203
Remuneration, social security and pensions62€903k€884k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€203€0▼
Other operating charges640/8€12k€48k▲
Gross operating margin9900€957k€877k▼
Operating profit (loss)9901€41k€-55k▼
Financial income75/76B€23k€18k▼
Recurring financial income75€23k€18k▼
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€49k€-52k▼
Income taxes67/77€16k€-1k▼
Profit (loss) for the period9904€33k€-51k▼
Profit (loss) for the period to be appropriated9905€33k€-51k▼
Appropriation of the result
Profit (loss) to be appropriated9906€185k€134k▼
Profit (loss) brought forward from the previous period14P€152k€185k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (12 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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet €-51k ▼251%
Net result drops to €-51k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 90 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 288 days late
2024
31-12
Financial
Equity above €200kEq €207k ▲19.3%
3 profitable years in a row build equity to €207k.
2023
31-12
Financial
Equity above €150kEq €174k ▲19.1%
2 profitable years in a row build equity to €174k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €81k
Net result €81k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €146k ▲124%
Equity rises from €65k to €146k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.38
Current ratio from 1.98 to 4.38; short-term debt falls from €116k to €95k.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
no sitting director, last change in 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
29-07-2022
Resigned as Director
Not every act has been read: a resignation may be missing here
7 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Joost-ten-Node · 1 establishment unit since 2015
Ground area
3,162 m²
Building footprint
2,256 m²
Volume, LiDAR
107,414 m³
Parcel 21014A0112/00K002, Brussels · tallest building 79.3 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Lazaruslaan 4-10 ET6, 1210 Sint-Joost-ten-Node
since 20152.241.932.195
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0112/00K002 | Brussels | 3,162 m² | 1 · 2,256 m² | 79.3 m · 19 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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Of 24,640 companies in sector 64210 we hold annual accounts for 19,690. 13,253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-2015
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.