S-TATE
ActiveS-TATE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €14k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▲+1
Solvency42=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.32 in 2024; short-term debt: 37.5% and cash: 2.6% of total assets), and 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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 2025Solvency, return and age of the figures
Solvency
17.2%
Return on assets
0.7%
Age of the figures
9 mo
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
8 d early
2023
58 d late
2022
3 d early
2021
61 d late
2020
61 d late
2019
21 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k▼ 10.0%
2024 · €15k
2018: €-63k
2019: €-10k
2020: €116k
2021: €116k
2022: €-11k
2023: €-29k
2024: €15k
2018 → 2025
Working capital
€-449k▼ 15.8%
2024 · €-388k
2018: €-436k
2019: €-485k
2020: €-199k
2021: €-199k
2022: €176k
2023: €-387k
2024: €-388k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€328k-€317k▼ 3.2%€288k▼ 9.1%€304k▲ 5.2%€317k▲ 4.5%
Operating result€200k-€18k▼ 91.1%€-4k€38k€36k▼ 5.2%
Net result€116k-€-11k€-29k▼ 173%€15k€14k▼ 10.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.84M
Fixed assets
€1.60M▲ 1.5%
Current assets
€241k▲ 30.1%
Equity and liabilities €1.84M
Equity
€317k▲ 4.5%
Debt
€1.53M▲ 4.5%
The debt ratio stays at 82.8%.
Key figures and ratios
EBITDA
€86k▼
2024 · €87k
Cash flow
€64k▲
2024 · €64k
Solvency
17.2%=
2024 · 17.2%
Current ratio
0.35▲
2024 · 0.32
Quick ratio
0.35▲
2024 · 0.32
Debt / equity
4.81=
2024 · 4.81
ROE
4.3%▼
2024 · 5.0%
ROA
0.7%▼
2024 · 0.9%
Interest coverage
3.77▲
2024 · 3.63
Debt
€1.53M▲
2024 · €1.46M
Debt ≤ 1 year
€691k▲
2024 · €574k
Debt > 1 year
€833k▼
2024 · €881k
Income taxes
€131
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€1.76M€1.84M▲
Fixed assets21/28€1.58M€1.60M▲
Tangible fixed assets22/27€1.58M€1.60M▲
Land and buildings22€1.58M€1.60M▲
Furniture and vehicles24-€4k
Financial fixed assets28€1k-
Current assets29/58€186k€241k▲
Amounts receivable within one year40/41€103k€194k▲
Trade receivables40-€91k
Other amounts receivable41€103k€103k=
Cash at bank and in hand54/58€82k€47k▼
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.84M▲
Equity10/15€304k€317k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€22k€22k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€16k€16k=
Profit (loss) carried forward14€220k€234k▲
Amounts payable17/49€1.46M€1.53M▲
Amounts payable after more than one year17€881k€833k▼
Financial debts170/4€871k€822k▼
Other amounts payable178/9€11k€11k=
Amounts payable within one year42/48€574k€691k▲
Current portion of amounts payable after more than one year42€45k€46k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Advances received on contracts in progress46-€107k
Other amounts payable47/48€524k€533k▲
Accrued charges and deferred income492/3€5k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€50k▲
Other operating charges640/8€14k€15k▲
Gross operating margin9900€101k€102k▲
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€811€449▼
Recurring financial income75€811€449▼
Financial charges65/66B€24k€23k▼
Recurring financial charges65€24k€23k▼
Profit (loss) for the period before taxes9903€15k€14k▼
Income taxes67/77-€131
Profit (loss) for the period9904€15k€14k▼
Profit (loss) for the period to be appropriated9905€15k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€220k€234k▲
Profit (loss) brought forward from the previous period14P€205k€220k▲
The notes to these accounts (8 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 · abbreviated schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €116k
Net result €116k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €224k ▲108%
Equity rises from €108k to €224k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
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
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Elsene · 1 establishment unit since 2003
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.
Herfststraat 281050 ElseneGround area
332 m²
Building footprint
190 m²
Volume, LiDAR
2,592 m³
2 parcels, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Generaal Eisenhowerlaan 143, 1030 Schaarbeek
since 20032.123.435.413
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0229/02N004 | Brussels | 207 m² | 1 · 118 m² | 20.7 m · 6 fl. |
| 21904B0479/00H000 | Brussels | 126 m² | 1 · 72 m² | 14.3 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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Of 11,754 companies in sector 68310 we hold annual accounts for 6,908. 4,927 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-07-2002
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.