Spine
ActiveSpine has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €27k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+8
Solvency45▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.24 in 2024; short-term debt: 77.1% and cash: 5.6% of total assets), and 79.9% 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 · 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
20.1%
Return on assets
13.5%
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 25% of 7017 sector peers (2025).
NBB · sector comparisonPosition among 7017 sector peers
Solvency
better than 25%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
135 d early
2023
6 d late
2022
7 d early
2021
38 d early
2020
38 d early
2019
104 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▲ 202%
2024 · €13k
2018: €3k
2019: €8k
2020: €9k
2021: €10k
2022: €-21k
2023: €52
2024: €13k
2018 → 2025
Total assets
€199k▲ 12.5%
2024 · €177k
2018: €934k
2019: €949k
2020: €306k
2021: €308k
2022: €174k
2023: €178k
2024: €177k
2018 → 2025
Net result
€27k▲ 103%
2024 · €13k
2018: €-34k
2019: €5k
2020: €870
2021: €946
2022: €-31k
2023: €21k
2024: €13k
2018 → 2025
Working capital
€-92k▲ 12.1%
2024 · €-104k
2018: €28k
2019: €-463k
2020: €-18k
2021: €-19k
2022: €-117k
2023: €-120k
2024: €-104k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€10k-€-21k€52€13k▲ 25,477%€40k▲ 202%
Operating result€-2k-€20k€25k▲ 23.7%€16k▼ 33.6%€40k▲ 141%
Net result€946-€-31k€21k€13k▼ 38.0%€27k▲ 103%
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 141% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€71k▼ 4.8%
Current assets
€61k▲ 90.5%
Equity and liabilities €199k
Equity
€40k▲ 202%
Debt
€159k▼ 2.8%
The debt ratio falls from 92.5% to 79.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2024 · €24k
Cash flow
€34k▲
2024 · €21k
Solvency
20.1%▲
2024 · 7.5%
Current ratio
0.40▲
2024 · 0.24
Quick ratio
0.38▲
2024 · 0.21
Debt / equity
3.97▼
2024 · 12.34
ROE
66.9%▼
2024 · 99.6%
ROA
13.5%▲
2024 · 7.5%
Interest coverage
6.74▼
2024 · 7.39
Debt
€159k▼
2024 · €163k
Debt ≤ 1 year
€153k▲
2024 · €137k
Income taxes
€6k
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€177k€199k▲
Formation expenses20€70k€67k▼
Fixed assets21/28€74k€71k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€3k€187▼
Plant, machinery and equipment23€3k-
Furniture and vehicles24€502€187▼
Financial fixed assets28€70k€70k▲
Current assets29/58€32k€61k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€26k€36k▲
Trade receivables40€11k€21k▲
Other amounts receivable41€14k€14k=
Cash at bank and in hand54/58€18€11k▲
Deferred charges and accrued income490/1€3k€11k▲
Equity and liabilities
Total equity and liabilities10/49€177k€199k▲
Equity10/15€13k€40k▲
Contributions10/11€80k€80k=
Reserves13€111€111▼
Distributable reserves133€111€111▼
Profit (loss) carried forward14€-67k€-40k▲
Amounts payable17/49€163k€159k▼
Amounts payable after more than one year17€26k-
Financial debts170/4€26k-
Amounts payable within one year42/48€137k€153k▲
Current portion of amounts payable after more than one year42€32k€47k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€27k€26k▼
Suppliers440/4€27k€26k▼
Taxes, remuneration and social security45€3k€28k▲
Taxes450/3€3k€25k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€75k€53k▼
Accrued charges and deferred income492/3€679€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€28k€50k▲
Operating profit (loss)9901€16k€40k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€3k€7k▲
Recurring financial charges65€3k€7k▲
Profit (loss) for the period before taxes9903€13k€33k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€13k€27k▲
Profit (loss) for the period to be appropriated9905€13k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-67k€-40k▲
Profit (loss) brought forward from the previous period14P€-80k€-67k▲
The notes to these accounts (11 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €27k ▲103%
Net result €27k, the highest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Oostkamp · 1 establishment unit since 2012
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.
Kapellestraat 1388020 OostkampGround area
2.7 ha
Building footprint
3,207 m²
Volume, LiDAR
40,404 m³
Parcel 31022I0695/00C000, Flanders · tallest building 25.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Domus Golf
since 20122.207.797.105
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022I0695/00C000 | Flanders | 2.7 ha | 1 · 3,207 m² | 25.7 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.
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,900. 5,381 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2012
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
18130Pre-press and pre-media services
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.