SEPT03
ActiveSEPT03 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €-18k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 29% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-4
Solvency54=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.2 in 2024; short-term debt: 20.1% and cash: 1% of total assets), and 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-01-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
106 d early
2023
130 d early
2022
12 d early
2021
93 d late
2020
on the day
2019
24 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▼ 7.1%
2024 · €249k
2019: €-3k
2020: €232k
2021: €236k
2022: €248k
2023: €248k
2024: €249k
2019 → 2025
Total assets
€808k▼ 7.1%
2024 · €870k
2019: €757k
2020: €1.12M
2021: €1.06M
2022: €1.01M
2023: €945k
2024: €870k
2019 → 2025
Net result
€-18k
2024 · €246
2019: €-974
2020: €-14k
2021: €4k
2022: €12k
2023: €141
2024: €246
2019 → 2025
Working capital
€-133k▼ 12.2%
2024 · €-119k
2019: €-111k
2020: €-29k
2021: €-30k
2022: €-124k
2023: €-128k
2024: €-119k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€236k-€248k▲ 5.1%€248k▲ 0.1%€249k▲ 0.1%€231k▼ 7.1%
Operating result€25k-€22k▼ 13.0%€26k▲ 19.4%€17k▼ 34.0%€14k▼ 17.2%
Net result€4k-€12k▲ 215%€141▼ 98.8%€246▲ 74.2%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €808k
Fixed assets
€778k▼ 7.3%
Current assets
€29k▼ 2.4%
Equity and liabilities €808k
Equity
€231k▼ 7.1%
Debt
€577k▼ 7.2%
The debt ratio stays at 71.4%.
Key figures and ratios
EBITDA
€94k▲
2024 · €89k
Cash flow
€62k▼
2024 · €72k
Solvency
28.6%=
2024 · 28.6%
Current ratio
0.18▼
2024 · 0.20
Quick ratio
0.18▼
2024 · 0.20
Debt / equity
2.50=
2024 · 2.50
ROE
-7.7%▼
2024 · 0.1%
ROA
-2.2%▼
2024 · 0.0%
Interest coverage
5.19▼
2024 · 5.25
Debt
€577k▼
2024 · €621k
Debt ≤ 1 year
€163k▲
2024 · €149k
Debt > 1 year
€389k▼
2024 · €455k
Income taxes
€14k▲
2024 · €136
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€870k€808k▼
Fixed assets21/28€840k€778k▼
Tangible fixed assets22/27€840k€778k▼
Land and buildings22€828k€770k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€8k€7k▼
Current assets29/58€30k€29k▼
Amounts receivable within one year40/41€5k€20k▲
Trade receivables40€4k€20k▲
Other amounts receivable41€111€7▼
Cash at bank and in hand54/58€24k€8k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€870k€808k▼
Equity10/15€249k€231k▼
Contributions10/11€469k€469k=
Profit (loss) carried forward14€-220k€-238k▼
Amounts payable17/49€621k€577k▼
Amounts payable after more than one year17€455k€389k▼
Financial debts170/4€455k€389k▼
Amounts payable within one year42/48€149k€163k▲
Current portion of amounts payable after more than one year42€64k€67k▲
Financial debts43€4k€220▼
Credit institutions430/8€4k€220▼
Trade debts44€13k€15k▲
Suppliers440/4€13k€15k▲
Taxes, remuneration and social security45€26k€15k▼
Taxes450/3€26k€12k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€41k€66k▲
Accrued charges and deferred income492/3€17k€25k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€72k€80k▲
Other operating charges640/8€16k€5k▼
Gross operating margin9900€105k€99k▼
Operating profit (loss)9901€17k€14k▼
Financial income75/76B€33€0▼
Recurring financial income75€33€0▼
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€382€-4k▼
Income taxes67/77€136€14k▲
Profit (loss) for the period9904€246€-18k▼
Profit (loss) for the period to be appropriated9905€246€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-220k€-238k▼
Profit (loss) brought forward from the previous period14P€-220k€-220k▲
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
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-18k ▼7313%
Net result drops to €-18k, the lowest in the series.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2019net €12k ▲215%
Net result €12k, the highest in the series.
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 93 days late
2021
30-09
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €200kEq €232k
Equity rises from €-3k to €232k.
24-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2016
07-04
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
4 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, Lokeren · 1 establishment unit since 2007
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.
Durmelaan 469160 LokerenGround area
570 m²
Building footprint
231 m²
Volume, LiDAR
1,909 m³
Parcel 46383D0918/00C004, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SEPT03
since 20072.168.038.486
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D0918/00C004 | Flanders | 570 m² | 1 · 231 m² | 15.1 m · 3 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.
Similar companies · same sector, comparable size
BARTLE BE
BE 0744.395.420
Brussel · Eq €231k
DANTHOLIL
BE 0831.365.620
Herve · Eq €231k
CONNEXUS
BE 0458.195.138
Lokeren · Eq €231k
SENECA MANAGEMENT SERVICES
BE 0884.333.855
Jodoigne · Eq €231k
TDI CONSULTANCY
BE 0884.021.178
Haacht · Eq €231k
Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 39,250 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2008
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.