SPICE
ActiveSPICE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €-699. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37=
Solvency28=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
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
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 2025Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7027 sector peers (2025).
NBB · sector comparisonPosition among 7027 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
16 d late
2024
12 d late
2023
14 d late
2022
18 d late
2021
25 d late
2020
20 d late
2019
1 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▼ 8.0%
2024 · €9k
2018: €20k
2019: €20k
2020: €16k
2021: €13k
2022: €10k
2023: €9k
2024: €9k
2018 → 2025
Total assets
€308k▼ 0.9%
2024 · €311k
2018: €330k
2019: €330k
2020: €320k
2021: €331k
2022: €312k
2023: €311k
2024: €311k
2018 → 2025
Net result
€-699▼ 2.4%
2024 · €-683
2018: €-328
2019: €495
2020: €-5k
2021: €-1k
2022: €-3k
2023: €-562
2024: €-683
2018 → 2025
Working capital
€-1k▼ 138%
2024 · €-506
2018: €7k
2019: €11k
2020: €6k
2021: €4k
2022: €739
2023: €177
2024: €-506
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€10k▼ 22.7%€9k▼ 5.7%€9k▼ 7.3%€8k▼ 8.0%
Operating result€-968-€-3k▼ 197%€-516▲ 82.0%€-638▼ 23.6%€-654▼ 2.5%
Net result€-1k-€-3k▼ 188%€-562▲ 80.7%€-683▼ 21.5%€-699▼ 2.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €654 in 2025 against €638 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€304k=
Current assets
€4k▼ 43.6%
Equity and liabilities €308k
Equity
€8k▼ 8.0%
Debt
€300k▼ 0.7%
The debt ratio rises from 97.2% to 97.4%. Equity and debt are lower.
Key figures and ratios
Solvency
2.6%▼
2024 · 2.8%
Current ratio
0.75▼
2024 · 0.93
Quick ratio
0.75▼
2024 · 0.93
Debt / equity
37.49▲
2024 · 34.72
ROE
-8.7%▼
2024 · -7.9%
ROA
-0.2%▼
2024 · -0.2%
Debt
€300k▼
2024 · €302k
Debt ≤ 1 year
€5k▼
2024 · €7k
Debt > 1 year
€295k=
2024 · €295k
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€311k€308k▼
Fixed assets21/28€304k€304k=
Tangible fixed assets22/27€304k€304k=
Land and buildings22€304k€304k=
Current assets29/58€6k€4k▼
Cash at bank and in hand54/58€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€311k€308k▼
Equity10/15€9k€8k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-12k€-12k▼
Amounts payable17/49€302k€300k▼
Amounts payable after more than one year17€295k€295k=
Financial debts170/4€295k€295k=
Amounts payable within one year42/48€7k€5k▼
Taxes, remuneration and social security45€7k€5k▼
Remuneration and social security454/9€7k€5k▼
Income statement
Code20242025
Other operating charges640/8€251€254▲
Gross operating margin9900€-387€-400▼
Operating profit (loss)9901€-638€-654▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€45€45=
Recurring financial charges65€45€45=
Profit (loss) for the period before taxes9903€-682€-699▼
Income taxes67/77€0-
Profit (loss) for the period9904€-683€-699▼
Profit (loss) for the period to be appropriated9905€-683€-699▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-12k▼
Profit (loss) brought forward from the previous period14P€-11k€-12k▼
The notes to these accounts (4 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
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-5k ▼1057%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €495
Net result €495 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2006
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.
Kolkstraat 379100 Sint-NiklaasGround area
2,522 m²
Building footprint
322 m²
Volume, LiDAR
1,855 m³
Parcel 46017A0458/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPICE
since 20062.152.323.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46017A0458/00E000 | Flanders | 2,522 m² | 1 · 322 m² | 8.5 m · 2 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 13,422 companies in sector 73300 we hold annual accounts for 6,901. 3,333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2006
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
74141
46190Agents in non-specialised wholesale trade
46869Wholesale trade
51562
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.