Spine and Brain Solution
ActiveSpine and Brain Solution has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €604k and a net result of €153k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 61% of 632 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.85 against 2.19 in 2024), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
65.6%
Return on assets
16.6%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €604k
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 9 filingsDeviation from the deadline
2025
29 d late
2024
6 d late
2023
on the day
2022
2 d late
2021
9 d early
2020
on the day
2019
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€153k▲ 2.5%
2024 · €149k
2019: €226k
2020: €170k
2021: €178k
2022: €267k
2023: €196k
2024: €149k
2019 → 2025
Working capital
€584k▲ 48.5%
2024 · €393k
2019: €99k
2020: €235k
2021: €420k
2022: €344k
2023: €200k
2024: €393k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€638k-€505k▼ 20.9%€302k▼ 40.3%€451k▲ 49.4%€604k▲ 33.9%
Operating result€185k-€316k▲ 70.8%€253k▼ 20.0%€184k▼ 27.0%€184k▼ 0.4%
Net result€178k-€267k▲ 49.7%€196k▼ 26.3%€149k▼ 24.1%€153k▲ 2.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 0% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919k
Fixed assets
€19k▼ 66.3%
Current assets
€900k▲ 24.6%
Equity and liabilities €919k
Equity
€604k▲ 33.9%
Debt
€316k▼ 4.1%
The debt ratio falls from 42.2% to 34.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€222k▼
2024 · €253k
Cash flow
€191k▼
2024 · €218k
Solvency
65.6%▲
2024 · 57.8%
Current ratio
2.85▲
2024 · 2.19
Quick ratio
2.85▲
2024 · 2.19
Debt / equity
0.52▼
2024 · 0.73
ROE
25.3%▼
2024 · 33.1%
ROA
16.6%▼
2024 · 19.1%
Interest coverage
66.96▲
2024 · 61.22
Debt
€316k▼
2024 · €329k
Debt ≤ 1 year
€316k▼
2024 · €329k
Income taxes
€55k▼
2024 · €57k
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€780k€919k▲
Fixed assets21/28€57k€19k▼
Intangible fixed assets21€31k€0▼
Tangible fixed assets22/27€27k€19k▼
Furniture and vehicles24€27k€19k▼
Current assets29/58€723k€900k▲
Amounts receivable within one year40/41€716k€891k▲
Other amounts receivable41€716k€891k▲
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€780k€919k▲
Equity10/15€451k€604k▲
Contributions10/11€19k€19k=
Reserves13€432k€585k▲
Distributable reserves133€432k€585k▲
Amounts payable17/49€329k€316k▼
Amounts payable within one year42/48€329k€316k▼
Current portion of amounts payable after more than one year42€53k€53k▼
Trade debts44€210k€237k▲
Suppliers440/4€210k€237k▲
Taxes, remuneration and social security45€50k€11k▼
Taxes450/3€50k€11k▼
Other amounts payable47/48€15k€15k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€38k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€258k€223k▼
Operating profit (loss)9901€184k€184k▼
Financial income75/76B€26k€27k▲
Recurring financial income75€26k€27k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€206k€208k▲
Income taxes67/77€57k€55k▼
Profit (loss) for the period9904€149k€153k▲
Profit (loss) for the period to be appropriated9905€149k€153k▲
Appropriation of the result
Profit (loss) to be appropriated9906€149k€153k▲
Transfer to equity691/2€149k€153k▲
To other reserves6921€149k€153k▲
The notes to these accounts (7 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
30-09
Financial
Equity above €500kEq €604k ▲33.9%
7 profitable years in a row build equity to €604k.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
30-09
Financial
Weakest financial yearnet €149k ▼24.1%
Net result drops to €149k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
2022
30-09
Financial
Highest result since 2019net €267k ▲49.7%
Operating result €316k, net result €267k, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €500kEq €510k ▲15.8%
2 profitable years in a row build equity to €510k.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
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, Fléron · 2 establishment units since 2015
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.
Rue du Vallon 114624 FléronGround area
4.5 ha
Building footprint
6,694 m²
Volume, LiDAR
187,766 m³
3 parcels, Brussels, Wallonia · tallest building 51.4 m, ±13 floors. Linked by address, not a title deed.
2 establishment units
COLLIGNON Frédéric
since 20152.243.864.277
COLLIGNON Frédéric
since 20152.243.864.376
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0147/00A003 | Wallonia | 4.1 ha | 1 · 4,145 m² | 32.6 m · 8 fl. |
| 21005A0200/00P003 | Brussels | 3,468 m² | 1 · 2,462 m² | 51.4 m · 13 fl. |
| 62089B0258/00M000 | Wallonia | 1,075 m² | 1 · 88 m² | 6.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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DERMURON
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Of 16,603 companies in sector 86220 we hold annual accounts for 7,960. 6,268 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2015
Fiscal year end30-09
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.