SMALL VICTORIES
ActiveSMALL VICTORIES has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €60k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency53▼-47
Growth78=
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 7.54 in 2024), and 71% 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 82
Relative position
BE, all sectors
reference
Sector 82
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
29%
Return on assets
38.8%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-12-2025, 60 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
60 d early
2024
73 d early
2023
44 d early
← 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 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 46.7%
2024 · €85k
2023: €30k
2024: €85k
2023 → 2025
Total assets
€156k▲ 61.7%
2024 · €96k
2023: €56k
2024: €96k
2023 → 2025
Net result
€60k▲ 7.7%
2024 · €56k
2023: €27k
2024: €56k
2023 → 2025
Working capital
€39k▼ 49.0%
2024 · €76k
2023: €23k
2024: €76k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€30k-€85k▲ 180%€45k▼ 46.7%
Operating result€34k-€70k▲ 106%€77k▲ 8.8%
Net result€27k-€56k▲ 106%€60k▲ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 9% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€6k▼ 26.0%
Current assets
€149k▲ 70.1%
Equity and liabilities €156k
Equity
€45k▼ 46.7%
Debt
€111k▲ 849%
The debt ratio rises from 12.1% to 71.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€79k▲
2024 · €72k
Cash flow
€63k▲
2024 · €58k
Solvency
29.0%▼
2024 · 87.9%
Current ratio
1.35▼
2024 · 7.54
Quick ratio
1.35▼
2024 · 7.54
Debt / equity
2.45▲
2024 · 0.14
ROE
134.0%▲
2024 · 66.3%
ROA
38.8%▼
2024 · 58.3%
Interest coverage
642.79▲
2024 · 378.00
Debt
€111k▲
2024 · €12k
Debt ≤ 1 year
€111k▲
2024 · €12k
Income taxes
€16k▲
2024 · €14k
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€96k€156k▲
Fixed assets21/28€8k€6k▼
Tangible fixed assets22/27€8k€6k▼
Furniture and vehicles24€8k€6k▼
Current assets29/58€88k€149k▲
Amounts receivable after more than one year29€20k€20k=
Trade receivables290€20k€20k=
Amounts receivable within one year40/41€16k€0▼
Trade receivables40€15k€0▼
Other amounts receivable41€519€0▼
Cash at bank and in hand54/58€50k€127k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€96k€156k▲
Equity10/15€85k€45k▼
Contributions10/11€3k€3k=
Reserves13€82k€42k▼
Distributable reserves133€82k€42k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€12k€111k▲
Amounts payable within one year42/48€12k€111k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€8k€25k▲
Taxes450/3€4k€10k▲
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48€1k€85k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€279▼
Gross operating margin9900€73k€79k▲
Operating profit (loss)9901€70k€77k▲
Financial income75/76B€38€31▼
Recurring financial income75€38€31▼
Financial charges65/66B€191€123▼
Recurring financial charges65€191€123▼
Profit (loss) for the period before taxes9903€70k€77k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€56k€60k▲
Profit (loss) for the period to be appropriated9905€56k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€56k€60k▲
Profit (loss) brought forward from the previous period14P€0€0▲
Transfer from equity791/2-€40k
Transfer to equity691/2€54k€0▼
To other reserves6921€54k€0▼
Profit to be distributed694/7€2k€100k▲
Return on contributions (dividend)694€2k€100k▲
The notes to these accounts (5 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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2023net €60k ▲7.7%
Operating result €77k, net result €60k, both a record.
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity quadruplescurrent ratio 7.54
Current ratio from 1.89 to 7.54; short-term debt falls from €26k to €12k.
2023
18-12
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
1 act for this company is 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, Merelbeke-Melle · 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.
Mellestraat 3039090 Merelbeke-MelleGround area
146 m²
Building footprint
81 m²
Volume, LiDAR
409 m³
Parcel 44402A0426/00L004, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMALL VICTORIES
since 20222.337.716.529
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402A0426/00L004 | Flanders | 146 m² | 1 · 81 m² | 9.8 m · 2 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
Call Agent Global
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ATOR
BE 0696.881.157
Zoersel · Eq €45k
DGIMMO
BE 1015.134.001
Ottignies-Louvain-la-Neuve · Eq €45k
GASPARIUS
BE 0760.561.360
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M3S
BE 1007.026.680
Kortenaken · Eq €45k
Of 24,424 companies in sector 82990 we hold annual accounts for 9,361. 6,786 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2022
Fiscal year end30-06
Activities, NACEBEL
82990Other business support services
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.