Summary
SOGIPA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €6.97M and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 2394 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €6.97M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 4 filingsDeviation from the deadline
2025
26 d late
2024
69 d early
2023
61 d late
2022
92 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€6.97M▲ 8,177%
2024 · €84k
2022: €87k
2023: €85k
2024: €84k
2022 → 2025
Net result
€-14k▼ 1,035%
2024 · €-1k
2022: €25k
2023: €-1k
2024: €-1k
2022 → 2025
Total assets
€6.97M▲ 9.2%
2024 · €6.39M
2022: €6.40M
2023: €6.39M
2024: €6.39M
2022 → 2025
Solvency
99.9%▲ 98.6pp
2024 · 1.3%
2022: 1.4%
2023: 1.3%
2024: 1.3%
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€87k-€85k▼ 1.4%€84k▼ 1.4%€6.97M▲ 8,177%
Operating result€-4k-€-700▲ 83.0%€-893▼ 27.6%€-14k▼ 1,422%
Net result€25k-€-1k€-1k▼ 2.7%€-14k▼ 1,035%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €893 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 €6.97M
Fixed assets
€571k =
Current assets
€6.40M ▲ 10.1%
Equity and liabilities €6.97M
Equity
€6.97M ▲ 8,177%
Debt
€5k ▼ 99.9%
Debt's share of the balance-sheet total falls from 98.7% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
ROE
-0.2%▲
2024 · -1.4%
ROA
-0.2%▼
2024 · 0.0%
Debt ≤ 1 year
€5k▲
2024 · €4k
A ratio outside any meaningful range has been withheld (balance sheet total €6.97M, equity €6.97M).
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 · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.39M€6.97M▲
Fixed assets21/28€571k€571k=
Financial fixed assets28€571k€571k=
Current assets29/58€5.82M€6.40M▲
Amounts receivable within one year40/41€5.82M€6.40M▲
Other amounts receivable41€5.82M€6.40M▲
Cash at bank and in hand54/58€44€9▼
Equity and liabilities
Total equity and liabilities10/49€6.39M€6.97M▲
Equity10/15€84k€6.97M▲
Contributions10/11€62k€6.96M▲
Capital10€62k€6.96M▲
Issued capital100€62k€6.96M▲
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€17k€3k▼
Amounts payable17/49€6.30M€5k▼
Amounts payable after more than one year17€6.30M-
Other amounts payable178/9€6.30M-
Amounts payable within one year42/48€4k€5k▲
Trade debts44-€86
Suppliers440/4-€86
Other amounts payable47/48€4k€5k▲
Income statement
Code20242025
Other operating charges640/8€18€968▲
Gross operating margin9900€-876€-13k▼
Operating profit (loss)9901€-893€-14k▼
Financial charges65/66B€318€150▼
Recurring financial charges65€318€150▼
Profit (loss) for the period before taxes9903€-1k€-14k▼
Profit (loss) for the period9904€-1k€-14k▼
Profit (loss) for the period to be appropriated9905€-1k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€3k▼
Profit (loss) brought forward from the previous period14P€18k€17k▼
The notes to these accounts (1 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
31-12
Financial
Equity above €5MEq €6.97M ▲8177%
Equity rises from €84k to €6.97M.
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1565.86
Current ratio from 698.55 to 1565.86; short-term debt falls from €8k to €4k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene
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.
Luikenaarsstraat 431050 ElseneGround area
196 m²
Building footprint
87 m²
Volume, LiDAR
1,287 m³
Parcel 21443C0013/00T003, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0013/00T003 | Brussels | 196 m² | 1 · 87 m² | 18.8 m · 5 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
LOTES
BE 0468.683.016
Knokke-Heist · Eq €6,973,507
GiLie
BE 0644.841.944
Kruisem · Eq €6,974,836
KEMIA
BE 0555.976.383
Hoogstraten · Eq €6,962,729
Futurn
BE 0836.109.118
Kortrijk · Eq €6,975,718
V2Hfin
BE 0760.683.403
Torhout · Eq €6,978,312
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 7,125 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 formPublic limited company
Founded07-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.