Set in motion
ActiveSummary
Set in motion has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €16k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 2024 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-16
Solvency90▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 2.97 in 2023; short-term debt: 35.2% and cash: 49.2% of total assets), and 35.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
18 d early
2022
27 d early
2021
33 d early
2020
33 d early
2019
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€96k▲ 19.8%
2023 · €80k
2018: €75k
2019: €74k
2020: €3k
2021: €10k
2022: €59k
2023: €80k
2018 → 2024
Total assets
€148k▲ 61.3%
2023 · €92k
2018: €99k
2019: €100k
2020: €34k
2021: €19k
2022: €74k
2023: €92k
2018 → 2024
Net result
€16k▼ 26.3%
2023 · €22k
2018: €6k
2019: €-608
2020: €-21k
2021: €7k
2022: €48k
2023: €22k
2018 → 2024
Working capital
€48k▲ 110%
2023 · €23k
2018: €33k
2019: €28k
2020: €-15k
2021: €-2k
2022: €48k
2023: €23k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€3k-€10k▲ 221%€59k▲ 466%€80k▲ 36.8%€96k▲ 19.8%
Operating result€-21k-€7k€49k▲ 564%€24k▼ 50.8%€19k▼ 20.9%
Net result€-21k-€7k€48k▲ 578%€22k▼ 55.4%€16k▼ 26.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €148k
Fixed assets
€48k ▼ 16.6%
Current assets
€100k ▲ 189%
Equity and liabilities €148k
Equity
€96k ▲ 19.8%
Debt
€52k ▲ 346%
Debt's share of the balance-sheet total rises from 12.7% to 35.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▲
2023 · €35k
Cash flow
€38k▲
2023 · €32k
Current ratio
1.93▼
2023 · 2.97
Debt to equity
0.54▲
2023 · 0.15
ROE
16.5%▼
2023 · 26.9%
ROA
10.7%▼
2023 · 23.5%
Interest coverage
279.93▲
2023 · 255.12
Debt ≤ 1 year
€52k▲
2023 · €12k
Income taxes
€3k▲
2023 · €2k
Staff costs
€486▼
2023 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€92k€148k▲
Fixed assets21/28€57k€48k▼
Tangible fixed assets22/27€55k€46k▼
Plant, machinery and equipment23€43k€39k▼
Furniture and vehicles24€12k€7k▼
Financial fixed assets28€2k€2k=
Current assets29/58€35k€100k▲
Amounts receivable within one year40/41€7k€28k▲
Trade receivables40€7k€28k▲
Other amounts receivable41€325€11▼
Cash at bank and in hand54/58€28k€73k▲
Equity and liabilities
Total equity and liabilities10/49€92k€148k▲
Equity10/15€80k€96k▲
Contributions10/11€50k€50k=
Outside capital11€50k€50k=
Other1109/19€50k€50k=
Profit (loss) carried forward14€30k€46k▲
Amounts payable17/49€12k€52k▲
Amounts payable within one year42/48€12k€52k▲
Trade debts44€7k€43k▲
Suppliers440/4€7k€43k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€4k€7k▲
Other amounts payable47/48€1k€1k=
Income statement
Code20232024
Non-recurring operating income76A-€716
Remuneration, social security and pensions62€1k€486▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€22k▲
Other operating charges640/8€2k€919▼
Gross operating margin9900€37k€42k▲
Operating profit (loss)9901€24k€19k▼
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€136€146▲
Recurring financial charges65€136€146▲
Profit (loss) for the period before taxes9903€24k€19k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€22k€16k▼
Profit (loss) for the period to be appropriated9905€22k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€46k▲
Profit (loss) brought forward from the previous period14P€9k€30k▲
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
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €48k ▲578%
Operating result €49k, net result €48k, both a record.
31-12
Financial
Liquidity times 5current ratio 4.02
Current ratio from 0.73 to 4.02.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Kontich · 1 establishment unit since 2015
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.
Blauwesteenstraat 110 i2550 KontichGround area
39 m²
Building footprint
19 m²
Volume, LiDAR
53 m³
Parcel 11602E0039/00G003, Flanders · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Set in motions
since 20152.241.677.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0039/00G003 | Flanders | 39 m² | 1 · 19 m² | 3.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,247 EUR awarded · 1,247 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,247 EUR | 1,247 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
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AMUSIVENT
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ELITE
BE 0681.858.233
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CHAPITEAUX HOCEDEZ
BE 0546.701.007
Celles (lez-Tournai) · Eq €102k
BHV Expo Groep België
BE 0800.926.723
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Of 464 companies in sector 77392 we hold annual accounts for 164. 143 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
77392Rental and leasing activities
47639Retail sale of other sporting goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.