SONGKRAN
ActiveSONGKRAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-14k) and a net result of €6k. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
24
/ 100
Critical▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▲+50
Solvency35▲+2
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.56 against 0.06 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-21.1%
Return on assets
9.2%
Age of the figures
20 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 6159 sector peers (2024).
NBB · sector comparisonPosition among 6159 sector peers
Solvency
better than 25%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
139 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€57k
EBIT margin
11.1%
Net result
€6k▲ 571%
2023 · €891
2018: €26k
2019: €-18k
2020: €-14k
2021: €-501
2022: €-726
2023: €891
2018 → 2024
Working capital
€-35k▼ 1.8%
2023 · €-34k
2018: €10k
2019: €-12k
2020: €-27k
2021: €-26k
2022: €-38k
2023: €-34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€57k
Equity€-19k-€-20k▼ 2.6%€-21k▼ 3.7%€-20k▲ 4.3%€-14k▲ 30.5%
Operating result€-29k-€-5k▲ 83.3%€-2k▲ 57.2%€877€6k▲ 628%
Net result€-14k-€-501▲ 96.3%€-726▼ 44.9%€891€6k▲ 571%
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 four years in a row; 2024 is 628% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€21k▲ 45.3%
Current assets
€43k▲ 1,882%
Key figures and ratios
EBITDA
€8k▲
2023 · €3k
Cash flow
€8k▲
2023 · €3k
Solvency
-21.1%▲
2023 · -116.9%
Current ratio
0.56▲
2023 · 0.06
Quick ratio
0.56▲
2023 · 0.06
Debt / equity
-5.74▼
2023 · -1.86
ROE
-43.8%▼
2023 · -4.5%
ROA
9.2%▲
2023 · 5.3%
Interest coverage
34.87▼
2023 · 211.44
Debt
€78k▲
2023 · €36k
Debt ≤ 1 year
€78k▲
2023 · €36k
Income taxes
€174
Staff costs
€28k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€17k€65k▲
Fixed assets21/28€15k€21k▲
Tangible fixed assets22/27€5k€3k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€9k€18k▲
Current assets29/58€2k€43k▲
Amounts receivable within one year40/41€1k€43k▲
Trade receivables40€722€42k▲
Other amounts receivable41€468€919▲
Cash at bank and in hand54/58€1k€150▼
Equity and liabilities
Total equity and liabilities10/49€17k€65k▲
Equity10/15€-20k€-14k▲
Contributions10/11€19k€19k=
Reserves13€9€9=
Non-distributable reserves130/1€9€9=
Reserves not available under the articles1311€9€9=
Profit (loss) carried forward14€-38k€-32k▲
Amounts payable17/49€36k€78k▲
Amounts payable within one year42/48€36k€78k▲
Financial debts43€12k€12k=
Other loans439€12k€12k=
Trade debts44€3k€918▼
Suppliers440/4€3k€918▼
Taxes, remuneration and social security45€21k€27k▲
Taxes450/3€6k€9k▲
Remuneration and social security454/9€15k€18k▲
Other amounts payable47/48-€38k
Income statement
Code20232024
Turnover70-€57k
Non-recurring operating income76A-€2k
Goods, raw materials, services and sundry goods60/61-€22k
Remuneration, social security and pensions62€5k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€357-
Gross operating margin9900€8k€36k▲
Operating profit (loss)9901€877€6k▲
Financial income75/76B€29-
Recurring financial income75€29-
Financial charges65/66B€16€238▲
Recurring financial charges65€16€238▲
Profit (loss) for the period before taxes9903€891€6k▲
Income taxes67/77-€174
Profit (loss) for the period9904€891€6k▲
Profit (loss) for the period to be appropriated9905€891€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-38k€-32k▲
Profit (loss) brought forward from the previous period14P€-39k€-38k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 139 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €891
Net result €891 after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
31-12
Financial
Weakest financial yearnet €-18k ▼171%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2016
04-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 4 days late
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
02-11-2023
Resigned as Director
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2013
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.
Voskapelstraat 311933 ZaventemGround area
1,332 m²
Building footprint
99 m²
Volume, LiDAR
762 m³
Parcel 23082C0053/00T002, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Voskapelstraat 31, 1933 Zaventem
since 20132.223.074.110
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082C0053/00T002 | Flanders | 1,332 m² | 1 · 99 m² | 11.0 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.
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Of 6,713 companies in sector 96230 we hold annual accounts for 629. 428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-04-2006
Fiscal year end31-12
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.