SOUTH GROUP
ActiveSOUTH GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €529k and a net result of €75k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 41% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-3
Solvency70▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.09 in 2024; short-term debt: 20.7% and cash: 3.6% of total assets), and 54.6% of the assets are financed with debt.
Credit advice 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
45.4%
Return on assets
6.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
9 d late
2021
41 d early
2020
12 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€529k▲ 16.5%
2024 · €455k
2019: €147k
2020: €280k
2021: €405k
2022: €226k
2023: €378k
2024: €455k
2019 → 2025
Total assets
€1.17M▲ 1.5%
2024 · €1.15M
2019: €942k
2020: €987k
2021: €923k
2022: €808k
2023: €951k
2024: €1.15M
2019 → 2025
Net result
€75k▼ 2.5%
2024 · €77k
2019: €-49k
2020: €133k
2021: €125k
2022: €-179k
2023: €152k
2024: €77k
2019 → 2025
Working capital
€-181k▲ 34.8%
2024 · €-278k
2019: €-25k
2020: €12k
2021: €-35k
2022: €138k
2023: €-201k
2024: €-278k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€405k-€226k▼ 44.3%€378k▲ 67.1%€455k▲ 20.3%€529k▲ 16.5%
Operating result€194k-€25k▼ 87.3%€235k▲ 851%€140k▼ 40.3%€145k▲ 3.7%
Net result€125k-€-179k€152k€77k▼ 49.4%€75k▼ 2.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€1.11M▼ 1.3%
Current assets
€60k▲ 108%
Equity and liabilities €1.17M
Equity
€529k▲ 16.5%
Provisions
€13k▼ 3.2%
Debt
€624k▼ 8.4%
The debt ratio falls from 59.3% to 53.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189k▼
2024 · €202k
Cash flow
€119k▼
2024 · €139k
Solvency
45.4%▲
2024 · 39.5%
Current ratio
0.25▲
2024 · 0.09
Quick ratio
0.25▲
2024 · 0.09
Debt / equity
1.18▼
2024 · 1.50
ROE
14.1%▼
2024 · 16.9%
ROA
6.4%▼
2024 · 6.7%
Interest coverage
5.61▼
2024 · 8.22
Debt
€624k▼
2024 · €681k
Debt ≤ 1 year
€241k▼
2024 · €307k
Debt > 1 year
€368k▲
2024 · €367k
Income taxes
€37k▼
2024 · €39k
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€1.15M€1.17M▲
Fixed assets21/28€1.12M€1.11M▼
Tangible fixed assets22/27€1.12M€1.11M▼
Land and buildings22€1.07M€1.03M▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€3k€3k▼
Leasing and similar rights25€484€197▼
Other tangible fixed assets26€42k€65k▲
Financial fixed assets28€150€150=
Current assets29/58€29k€60k▲
Amounts receivable within one year40/41€23k€15k▼
Trade receivables40€21k€15k▼
Other amounts receivable41€2k€224▼
Cash at bank and in hand54/58€5k€42k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.17M▲
Equity10/15€455k€529k▲
Contributions10/11€19k€19k=
Reserves13€364k€439k▲
Tax-exempt reserves132€55k€53k▼
Distributable reserves133€309k€386k▲
Profit (loss) carried forward14€72k€72k=
Provisions and deferred taxes16€14k€13k▼
Deferred taxes168€14k€13k▼
Amounts payable17/49€681k€624k▼
Amounts payable after more than one year17€367k€368k▲
Financial debts170/4€98k€84k▼
Other amounts payable178/9€270k€284k▲
Amounts payable within one year42/48€307k€241k▼
Current portion of amounts payable after more than one year42€13k€13k=
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€26k€9k▼
Taxes450/3€26k€9k▼
Other amounts payable47/48€261k€206k▼
Accrued charges and deferred income492/3€7k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€44k▼
Other operating charges640/8€7k€10k▲
Gross operating margin9900€209k€199k▼
Operating profit (loss)9901€140k€145k▲
Financial income75/76B€20€0▼
Recurring financial income75€20€0▼
Financial charges65/66B€25k€34k▲
Recurring financial charges65€25k€34k▲
Profit (loss) for the period before taxes9903€116k€112k▼
Transfer from deferred taxes780€437€437=
Income taxes67/77€39k€37k▼
Profit (loss) for the period9904€77k€75k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€79k€77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€151k€149k▼
Profit (loss) brought forward from the previous period14P€72k€72k=
Transfer to equity691/2€79k€77k▼
To other reserves6921€79k€77k▼
The notes to these accounts (13 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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Equity above €500kEq €529k ▲16.5%
3 profitable years in a row build equity to €529k.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €152k
Net result €152k after one loss-making year.
2022
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
31-03
Financial
Weakest financial yearnet €-179k ▼243%
Net result drops to €-179k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 5current ratio 1.87
Current ratio from 0.35 to 1.87.
2021
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €133k
Net result €133k after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 1.25
Current ratio from 0.41 to 1.25.
31-03
Financial
Equity above €200kEq €280k ▲90.1%
Equity rises from €147k to €280k.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Zaventem · 2 establishment units 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.
Felix Timmermanslaan 341933 ZaventemGround area
1.2 ha
Building footprint
1,142 m²
Volume, LiDAR
48,613 m³
2 parcels, Brussels, Flanders · tallest building 51.1 m, ±16 floors. Linked by address, not a title deed.
2 establishment units
Felix Timmermanslaan 34, 1933 Zaventem
since 20132.221.435.602
South Group
since 20202.307.025.036
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0122/00L000 | Brussels | 1.1 ha | 1 · 999 m² | 51.1 m · 16 fl. |
| 23082B0217/00K000 | Flanders | 494 m² | 1 · 143 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 34,179 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-04-2012
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68110Buying and selling of own real estate
68204Real estate activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.