SORTLIST
ActiveSummary
SORTLIST has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.36M and a net result of €-1.08M. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 45% of 1545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50=
Solvency62▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.25 in 2023; short-term debt: 26.8% and cash: 25.2% of total assets), and 62.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
37.1%
Return on assets
-17%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1.08M
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
41 d early
2022
25 d early
2021
33 d early
2020
19 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.08M▲ 46.2%
2023 · €-2.01M
2018: €-258k
2019: €-584k
2020: €-1.17M
2021: €-2.84M
2022: €-4.57M
2023: €-2.01M
2018 → 2024
Working capital
€612k▲ 41.2%
2023 · €433k
2018: €-33k
2019: €1.62M
2020: €571k
2021: €7.04M
2022: €1.75M
2023: €433k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.33M-€8.49M▲ 539%€3.92M▼ 53.8%€2.67M▼ 32.1%€2.36M▼ 11.4%
Operating result€-1.02M-€-2.43M▼ 138%€-4.04M▼ 66.4%€-1.65M▲ 59.1%€-728k▲ 56.0%
Net result€-1.17M-€-2.84M▼ 142%€-4.57M▼ 60.9%€-2.01M▲ 56.0%€-1.08M▲ 46.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €728k in 2024 against €1.65M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.36M
Fixed assets
€4.04M ▼ 17.8%
Current assets
€2.31M ▲ 7.0%
Equity and liabilities €6.36M
Equity
€2.36M ▼ 11.4%
Provisions
€392k ▼ 2.1%
Debt
€3.61M ▼ 10.2%
Debt's share of the balance-sheet total stays at 56.7%.
Key figures and ratios
EBITDA
€2.38M▲
2023 · €1.63M
Cash flow
€2.02M▲
2023 · €1.27M
Current ratio
1.36▲
2023 · 1.25
Debt to equity
1.53▲
2023 · 1.51
ROE
-45.8%▲
2023 · -75.3%
ROA
-17.0%▲
2023 · -28.3%
Interest coverage
9.30▲
2023 · 6.01
Debt ≤ 1 year
€1.70M▼
2023 · €1.73M
Debt > 1 year
€1.05M▼
2023 · €1.25M
Income taxes
€3k▲
2023 · €3k
Staff costs
€2.84M▼
2023 · €2.87M
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 · 64 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.08M€6.36M▼
Fixed assets21/28€4.92M€4.04M▼
Intangible fixed assets21€4.65M€3.92M▼
Tangible fixed assets22/27€67k€69k▲
Plant, machinery and equipment23€29k€9k▼
Furniture and vehicles24€14k€10k▼
Other tangible fixed assets26€24k€50k▲
Financial fixed assets28€202k€57k▼
Current assets29/58€2.16M€2.31M▲
Amounts receivable after more than one year29€174k€84k▼
Other amounts receivable291€174k€84k▼
Amounts receivable within one year40/41€446k€569k▲
Trade receivables40€348k€273k▼
Other amounts receivable41€98k€296k▲
Current investments50/53€500k€0▼
Cash at bank and in hand54/58€984k€1.60M▲
Deferred charges and accrued income490/1€58k€61k▲
Equity and liabilities
Total equity and liabilities10/49€7.08M€6.36M▼
Equity10/15€2.67M€2.36M▼
Contributions10/11€14.80M€15.57M▲
Capital10€117k€123k▲
Issued capital100€117k€123k▲
Outside capital11€14.68M€15.45M▲
Share premium1100/10€14.68M€15.45M▲
Profit (loss) carried forward14€-12.13M€-13.21M▼
Provisions and deferred taxes16€401k€392k▼
Provisions for liabilities and charges160/5€401k€392k▼
Taxes161€131k€0▼
Other liabilities and charges164/5€270k€392k▲
Amounts payable17/49€4.02M€3.61M▼
Amounts payable after more than one year17€1.25M€1.05M▼
Financial debts170/4€1.25M€1.05M▼
Amounts payable within one year42/48€1.73M€1.70M▼
Current portion of amounts payable after more than one year42€538k€659k▲
Financial debts43€58k€61k▲
Credit institutions430/8€58k€61k▲
Trade debts44€558k€491k▼
Suppliers440/4€558k€491k▼
Taxes, remuneration and social security45€437k€472k▲
Taxes450/3€92k€65k▼
Remuneration and social security454/9€346k€407k▲
Other amounts payable47/48€138k€20k▼
Accrued charges and deferred income492/3€1.04M€850k▼
Income statement
Code20232024
Non-recurring operating income76A€218k€96k▼
Remuneration, social security and pensions62€2.87M€2.84M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.28M€3.11M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-139k€-131k▲
Other operating charges640/8€55k€17k▼
Non-recurring operating charges66A€162k€131k▼
Gross operating margin9900€4.57M€5.24M▲
Operating profit (loss)9901€-1.65M€-728k▲
Financial income75/76B€66k€54k▼
Recurring financial income75€66k€54k▼
Financial charges65/66B€419k€403k▼
Recurring financial charges65€271k€255k▼
Non-recurring financial charges66B€148k€148k=
Profit (loss) for the period before taxes9903€-2.01M€-1.08M▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€-2.01M€-1.08M▲
Profit (loss) for the period to be appropriated9905€-2.01M€-1.08M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12.13M€-13.21M▼
Profit (loss) brought forward from the previous period14P€-10.12M€-12.13M▼
Social balance
Average headcount (FTE)908729.424.3▼
The notes to these accounts (26 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-4.57M
Net result drops to €-4.57M, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 3.90
Current ratio from 1.32 to 3.90.
31-12
Financial
Equity above €5MEq €8.49M ▲539%
Equity rises from €1.33M to €8.49M.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 19 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity triplescurrent ratio 3.05
Current ratio from 0.95 to 3.05.
31-12
Financial
Equity above €2MEq €2.50M
Equity rises from €-376k to €2.50M.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
21 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, Wavre · 1 establishment unit since 2014
Ground area
5,007 m²
Building footprint
1,604 m²
Parcel 25006A0145/00H000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Sortlist
since 20142.224.743.401
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006A0145/00H000 | Wallonia | 5,007 m² | 1 · 1,604 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500B1B67ETZBB6F27
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 2,376 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
Founded26-08-2013
Fiscal year end31-12
Abbreviation FR
SL
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
73110Advertising agencies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.