SOUVERAIN 24
ActiveThe computed 12-month bankruptcy probability of SOUVERAIN 24 is 3.9% (moderate). The 2025 annual accounts show equity of €1.98M and a net result of €-293k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+4
Solvency55▲+34
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days only on tighter terms
Liquidity ample (current ratio 2.12 against 0.14 in 2024; short-term debt: 7.5% and cash: 12.4% of total assets), but 69.8% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
30.2%
Return on assets
-4.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
4 d early
2024
7 d early
2023
29 d early
2022
19 d early
2021
19 d early
2020
29 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-293k▲ 37.8%
2024 · €-471k
2020: €-519k
2021: €250k
2022: €172k
2023: €-158k
2024: €-471k
2020 → 2025
Working capital
€551k
2024 · €-1.42M
2020: €-179k
2021: €-158k
2022: €-242k
2023: €-652k
2024: €-1.42M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€402k▲ 74.4%€244k▼ 39.3%€-227k€1.98M
Operating result€347k-€291k▼ 16.2%€-59k€-390k▼ 562%€-195k▲ 49.9%
Net result€250k-€172k▼ 31.3%€-158k€-471k▼ 198%€-293k▲ 37.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €195k in 2025 against €390k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.55M
Fixed assets
€5.51M▼ 3.2%
Current assets
€1.04M▲ 344%
Equity and liabilities €6.55M
Equity
€1.98M
Debt
€4.57M
Debt finances 69.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€1k▲
2024 · €-200k
Cash flow
€-97k▲
2024 · €-282k
Solvency
30.2%▲
2024 · -3.8%
Current ratio
2.12▲
2024 · 0.14
Quick ratio
2.12▲
2024 · 0.14
Debt / equity
2.31▲
2024 · -27.06
ROE
-14.8%
ROA
-4.5%▲
2024 · -8.0%
Interest coverage
0.01▲
2024 · -1.76
Debt
€4.57M▼
2024 · €6.15M
Debt ≤ 1 year
€492k▼
2024 · €1.65M
Debt > 1 year
€4.02M▼
2024 · €4.45M
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€5.92M€6.55M▲
Fixed assets21/28€5.69M€5.51M▼
Tangible fixed assets22/27€5.69M€5.51M▼
Land and buildings22€5.69M€5.49M▼
Plant, machinery and equipment23-€14k
Current assets29/58€235k€1.04M▲
Amounts receivable within one year40/41€195k€231k▲
Trade receivables40€125k€161k▲
Other amounts receivable41€70k€70k=
Cash at bank and in hand54/58€38k€811k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€5.92M€6.55M▲
Equity10/15€-227k€1.98M▲
Contributions10/11€500k€3.00M▲
Profit (loss) carried forward14€-727k€-1.02M▼
Amounts payable17/49€6.15M€4.57M▼
Amounts payable after more than one year17€4.45M€4.02M▼
Financial debts170/4€4.45M€4.02M▼
Amounts payable within one year42/48€1.65M€492k▼
Current portion of amounts payable after more than one year42€429k€435k▲
Trade debts44€177k€57k▼
Suppliers440/4€177k€57k▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€1.05M€0▼
Accrued charges and deferred income492/3€40k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190k€196k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-30k€0▲
Other operating charges640/8€351k€368k▲
Gross operating margin9900€121k€369k▲
Operating profit (loss)9901€-390k€-195k▲
Financial income75/76B€32k€24k▼
Recurring financial income75€32k€0▼
Non-recurring financial income76B€32k€24k▼
Financial charges65/66B€114k€122k▲
Recurring financial charges65€114k€122k▲
Profit (loss) for the period before taxes9903€-471k€-293k▲
Profit (loss) for the period9904€-471k€-293k▲
Profit (loss) for the period to be appropriated9905€-471k€-293k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-727k€-1.02M▼
Profit (loss) brought forward from the previous period14P€-256k€-727k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 15current ratio 2.12
Current ratio from 0.14 to 2.12; short-term debt falls from €1.65M to €492k.
31-12
Financial
Equity above €1MEq €1.98M
Equity rises from €-227k to €1.98M.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €250k
Net result €250k after one loss-making year.
31-12
Financial
Equity above €200kEq €231k
Equity rises from €-19k to €231k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
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 2020
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.
24-06-2020
Christophe Verstraete: Resigned as Director
24-06-2020
VINCENT André: Resigned as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2019
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.
Vorstlaan 241170 Watermaal-BosvoordeGround area
2,183 m²
Building footprint
716 m²
Volume, LiDAR
9,799 m³
Parcel 21652E0165/00Y007, Brussels · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Vorstlaan 24, 1170 Watermaal-Bosvoorde
since 20192.287.808.544
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0165/00Y007 | Brussels | 2,183 m² | 1 · 716 m² | 19.5 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-03-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.