SAS
ActiveSAS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €-31k. Equity is growing by ~8.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-10
Solvency34▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.29 against 0.2 in 2024; short-term debt: 87.3% and cash: 0% of total assets), and 90.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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 2025Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-5.5%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-31k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 5 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
29 d late
2022
27 d late
2021
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€145k
EBIT margin
41.5%
Net result
€-31k▼ 185%
2024 · €-11k
2021: €43k
2022: €21k
2023: €30k
2024: €-11k
2021 → 2025
Working capital
€-349k▼ 96.6%
2024 · €-178k
2021: €45k
2022: €65k
2023: €78k
2024: €-178k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€145k-
Equity€45k-€65k▲ 46.6%€95k▲ 45.2%€84k▼ 11.5%€53k▼ 37.1%
Operating result€60k-€22k▼ 63.7%€37k▲ 71.0%€-9k€-27k▼ 199%
Net result€43k-€21k▼ 51.2%€30k▲ 42.2%€-11k€-31k▼ 185%
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 €27k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €565k
Fixed assets
€421k▲ 41.4%
Current assets
€144k▲ 218%
Equity and liabilities €565k
Equity
€53k▼ 37.1%
Debt
€512k▲ 97.8%
The debt ratio rises from 75.5% to 90.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2024 · €1k
Cash flow
€-18k▼
2024 · €-499
Solvency
9.4%▼
2024 · 24.5%
Current ratio
0.29▲
2024 · 0.20
Quick ratio
0.07▼
2024 · 0.20
Debt / equity
9.68▲
2024 · 3.08
ROE
-59.1%▼
2024 · -13.0%
ROA
-5.5%▼
2024 · -3.2%
Interest coverage
-3.69▼
2024 · 0.88
Debt
€512k▲
2024 · €259k
Debt ≤ 1 year
€493k▲
2024 · €223k
Debt > 1 year
€19k▼
2024 · €36k
Staff costs
€14k▲
2024 · €12k
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€343k€565k▲
Formation expenses20€0€0=
Fixed assets21/28€298k€421k▲
Tangible fixed assets22/27€294k€417k▲
Land and buildings22€241k€376k▲
Plant, machinery and equipment23€320€160▼
Furniture and vehicles24€53k€41k▼
Financial fixed assets28€4k€4k=
Current assets29/58€45k€144k▲
Stocks and contracts in progress3-€110k
Contracts in progress37-€110k
Amounts receivable within one year40/41€34k€34k▲
Trade receivables40€30k€30k▼
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€12k€0▼
Equity and liabilities
Total equity and liabilities10/49€343k€565k▲
Equity10/15€84k€53k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€82k€51k▼
Amounts payable17/49€259k€512k▲
Amounts payable after more than one year17€36k€19k▼
Financial debts170/4€36k€19k▼
Amounts payable within one year42/48€223k€493k▲
Current portion of amounts payable after more than one year42€22k€17k▼
Trade debts44€7k€50k▲
Suppliers440/4€7k€50k▲
Taxes, remuneration and social security45€17k€24k▲
Remuneration and social security454/9€17k€24k▲
Other amounts payable47/48€177k€402k▲
Income statement
Code20242025
Remuneration, social security and pensions62€12k€14k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€13k▲
Other operating charges640/8€2k€593▼
Non-recurring operating charges66A€6k€2k▼
Gross operating margin9900€21k€2k▼
Operating profit (loss)9901€-9k€-27k▼
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€1k€4k▲
Non-recurring financial charges66B€12-
Profit (loss) for the period before taxes9903€-11k€-31k▼
Income taxes67/77€302-
Profit (loss) for the period9904€-11k€-31k▼
Profit (loss) for the period to be appropriated9905€-11k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€51k▼
Profit (loss) brought forward from the previous period14P€93k€82k▼
The notes to these accounts (9 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-06
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 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, Antwerpen · 1 establishment unit since 2019
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.
Michel Geysemansstraat 102610 AntwerpenGround area
883 m²
Building footprint
399 m²
Volume, LiDAR
2,675 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SAS
since 20192.294.931.512
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13392L0716/00B000 | Flanders | 510 m² | 1 · 279 m² | 10.5 m · 2 fl. |
| 11462A0399/00C008 | Flanders | 373 m² | 1 · 119 m² | 10.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,730 EUR awarded · 2,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,730 EUR | 2,730 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,053 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2019
Fiscal year end30-06
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
71121Engineering and related technical consultancy, excluding land surveyors
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.