SDEX
ActiveSDEX has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166k and a net result of €57k. Equity is growing by ~42.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 9430 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+15
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 2.39 in 2024; short-term debt: 20.5% and cash: 26.1% of total assets), and 20.8% of the assets are financed with debt.
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 · 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
79.2%
Return on assets
27.3%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
5 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€166k▲ 52.6%
2024 · €109k
2023: €74k
2024: €109k
2023 → 2025
Total assets
€210k▲ 15.0%
2024 · €183k
2023: €176k
2024: €183k
2023 → 2025
Net result
€57k▲ 63.2%
2024 · €35k
2023: €69k
2024: €35k
2023 → 2025
Working capital
€154k▲ 57.0%
2024 · €98k
2023: €34k
2024: €98k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€74k-€109k▲ 47.6%€166k▲ 52.6%
Operating result€92k-€48k▼ 48.0%€73k▲ 52.3%
Net result€69k-€35k▼ 49.0%€57k▲ 63.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210k
Fixed assets
€13k▼ 5.7%
Current assets
€197k▲ 16.6%
Equity and liabilities €210k
Equity
€166k▲ 52.6%
Debt
€44k▼ 40.7%
The debt ratio falls from 40.3% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▲
2024 · €74k
Cash flow
€71k▲
2024 · €62k
Solvency
79.2%▲
2024 · 59.7%
Current ratio
4.59▲
2024 · 2.39
Quick ratio
4.59▲
2024 · 2.39
Debt / equity
0.26▼
2024 · 0.68
ROE
34.5%▲
2024 · 32.2%
ROA
27.3%▲
2024 · 19.2%
Interest coverage
68.50▲
2024 · 20.20
Debt
€44k▼
2024 · €74k
Debt ≤ 1 year
€43k▼
2024 · €71k
Income taxes
€16k▲
2024 · €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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€183k€210k▲
Fixed assets21/28€14k€13k▼
Tangible fixed assets22/27€14k€8k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€9k€2k▼
Other tangible fixed assets26-€5k
Financial fixed assets28-€5k
Current assets29/58€169k€197k▲
Amounts receivable after more than one year29€70k€66k▼
Other amounts receivable291€70k€66k▼
Amounts receivable within one year40/41€64k€76k▲
Trade receivables40€60k€57k▼
Other amounts receivable41€4k€19k▲
Cash at bank and in hand54/58€34k€55k▲
Deferred charges and accrued income490/1€792€497▼
Equity and liabilities
Total equity and liabilities10/49€183k€210k▲
Equity10/15€109k€166k▲
Contributions10/11€5k€5k=
Reserves13€104k€161k▲
Distributable reserves133€104k€161k▲
Amounts payable17/49€74k€44k▼
Amounts payable within one year42/48€71k€43k▼
Trade debts44€18k€5k▼
Suppliers440/4€18k€5k▼
Advances received on contracts in progress46€518€0▼
Taxes, remuneration and social security45€43k€35k▼
Taxes450/3€43k€35k▼
Other amounts payable47/48€9k€3k▼
Accrued charges and deferred income492/3€3k€682▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€14k▼
Other operating charges640/8€651€2k▲
Gross operating margin9900€75k€88k▲
Operating profit (loss)9901€48k€73k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€46k€74k▲
Income taxes67/77€11k€16k▲
Profit (loss) for the period9904€35k€57k▲
Profit (loss) for the period to be appropriated9905€35k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€57k▲
Transfer to equity691/2€35k€57k▲
To other reserves6921€35k€57k▲
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €166k ▲52.6%
3 profitable years in a row build equity to €166k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €35k ▼49%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €109k ▲47.6%
2 profitable years in a row build equity to €109k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Roeselare · 1 establishment unit since 2022
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.
Beverseaardeweg 488800 RoeselareGround area
3,230 m²
Building footprint
2,339 m²
Volume, LiDAR
15,182 m³
2 parcels, Flanders · tallest building 15.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SDEX
since 20222.328.280.112
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001A0750/00V000 ProtectedMonument · Townscape or village viewBrouwerij Vanden Bussche: brouwerijgebouwen, woonhuis, bureel en kapelSource ↗ |
Flanders | 2,681 m² | 1 · 2,220 m² | 15.4 m · 2 fl. |
| 36015A1120/00N002 | Flanders | 549 m² | 1 · 119 m² | 7.6 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,505 EUR awarded · 1,505 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,505 EUR | 1,505 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,759 companies in sector 71122 we hold annual accounts for 770. 658 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2022
Fiscal year end31-12
Activities, NACEBEL
71122Land surveying
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.