SOUTERLIED
ActiveSOUTERLIED has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76k and a net result of €6k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 66% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
75
/ 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
Profitability74▼-3
Solvency78▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.1 in 2023; short-term debt: 26.5% and cash: 0.1% of total assets), and 47.4% 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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
52.6%
Return on assets
4.2%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €76k
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
35 d early
2022
55 d early
2021
15 d early
2020
23 d late
2019
56 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€76k▲ 8.8%
2023 · €70k
2018: €69k
2019: €71k
2020: €75k
2021: €81k
2022: €60k
2023: €70k
2018 → 2024
Total assets
€144k▼ 9.1%
2023 · €159k
2018: €195k
2019: €194k
2020: €184k
2021: €174k
2022: €163k
2023: €159k
2018 → 2024
Net result
€6k▼ 38.0%
2023 · €10k
2018: €-5k
2019: €2k
2020: €3k
2021: €7k
2022: €9k
2023: €10k
2018 → 2024
Working capital
€-37k▲ 29.1%
2023 · €-52k
2018: €-80k
2019: €-75k
2020: €-64k
2021: €-47k
2022: €-66k
2023: €-52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€75k-€81k▲ 8.9%€60k▼ 26.4%€70k▲ 16.5%€76k▲ 8.8%
Operating result€5k-€9k▲ 78.2%€11k▲ 26.3%€16k▲ 38.9%€13k▼ 19.0%
Net result€3k-€7k▲ 100%€9k▲ 32.4%€10k▲ 12.6%€6k▼ 38.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144k
Fixed assets
€143k▼ 6.5%
Current assets
€2k▼ 72.8%
Equity and liabilities €144k
Equity
€76k▲ 8.8%
Debt
€68k▼ 23.0%
The debt ratio falls from 56.1% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2023 · €21k
Cash flow
€16k▲
2023 · €15k
Solvency
52.6%▲
2023 · 43.9%
Current ratio
0.04▼
2023 · 0.10
Quick ratio
0.04▼
2023 · 0.10
Debt / equity
0.90▼
2023 · 1.28
ROE
8.1%▼
2023 · 14.1%
ROA
4.2%▼
2023 · 6.2%
Interest coverage
13.40▲
2023 · 12.69
Debt
€68k▼
2023 · €89k
Debt ≤ 1 year
€38k▼
2023 · €58k
Debt > 1 year
€30k=
2023 · €30k
Income taxes
€5k▲
2023 · €4k
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€159k€144k▼
Fixed assets21/28€153k€143k▼
Tangible fixed assets22/27€153k€143k▼
Land and buildings22€151k€142k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€6k€2k▼
Amounts receivable within one year40/41€316€2k▲
Other amounts receivable41€316€2k▲
Cash at bank and in hand54/58€525€127▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€159k€144k▼
Equity10/15€70k€76k▲
Contributions10/11€38k€38k=
Reserves13€32k€38k▲
Distributable reserves133€32k€38k▲
Amounts payable17/49€89k€68k▼
Amounts payable after more than one year17€30k€30k=
Financial debts170/4€30k€30k=
Amounts payable within one year42/48€58k€38k▼
Trade debts44€702€926▲
Suppliers440/4€702€926▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€55k€35k▼
Accrued charges and deferred income492/3€1k€203▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€8k€10k▲
Gross operating margin9900€30k€33k▲
Operating profit (loss)9901€16k€13k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€14k€11k▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€10k€6k▼
Profit (loss) for the period to be appropriated9905€10k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€6k▼
Transfer to equity691/2€10k€6k▼
To other reserves6921€10k€6k▼
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €10k ▲12.6%
Operating result €16k, net result €10k, both a record.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
16-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · 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, Knokke-Heist · 1 establishment unit since 1982
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.
Kustlaan 648300 Knokke-HeistGround area
133 m²
Building footprint
126 m²
Volume, LiDAR
2,247 m³
Parcel 31334B0142/00_000, Flanders · tallest building 24.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Kustlaan 64, 8300 Knokke-Heist
since 19822.020.417.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0142/00_000 | Flanders | 133 m² | 1 · 126 m² | 24.9 m · 6 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 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,535 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-03-1982
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.