ST27
ActiveST27 has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.37M and a net result of €560k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 636 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-1
Solvency70▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.67 in 2024; short-term debt: 20.3% and cash: 9.8% of total assets), and 54.7% 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 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
45.3%
Return on assets
10.7%
Age of the figures
9 mo
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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
20 d early
2023
202 d late
2022
31 d late
2021
2 d late
2020
61 d late
2019
34 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€560k▼ 7.7%
2024 · €606k
2018: €214k
2019: €103k
2020: €165k
2021: €536k
2022: €442k
2023: €443k
2024: €606k
2018 → 2025
Working capital
€-261k▲ 20.5%
2024 · €-328k
2018: €633k
2019: €-70k
2020: €351k
2021: €-262k
2022: €-378k
2023: €-370k
2024: €-328k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.38M-€1.83M▲ 31.9%€2.27M▲ 24.3%€2.31M▲ 1.9%€2.37M▲ 2.6%
Operating result€884k-€725k▼ 18.1%€751k▲ 3.6%€930k▲ 23.9%€851k▼ 8.5%
Net result€536k-€442k▼ 17.6%€443k▲ 0.4%€606k▲ 36.7%€560k▼ 7.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.24M
Fixed assets
€4.44M▼ 5.2%
Current assets
€800k▲ 18.7%
Equity and liabilities €5.24M
Equity
€2.37M▲ 2.6%
Debt
€2.87M▼ 5.8%
The debt ratio falls from 56.8% to 54.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.11M▼
2024 · €1.17M
Cash flow
€822k▼
2024 · €849k
Solvency
45.3%▲
2024 · 43.2%
Current ratio
0.75▲
2024 · 0.67
Quick ratio
0.75▲
2024 · 0.67
Debt / equity
1.21▼
2024 · 1.32
ROE
23.6%▼
2024 · 26.2%
ROA
10.7%▼
2024 · 11.3%
Interest coverage
28.73▼
2024 · 28.89
Debt
€2.87M▼
2024 · €3.04M
Debt ≤ 1 year
€1.06M▲
2024 · €1.00M
Debt > 1 year
€1.80M▼
2024 · €2.04M
Income taxes
€257k▼
2024 · €288k
Staff costs
€87k▲
2024 · €78k
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€5.36M€5.24M▼
Fixed assets21/28€4.68M€4.44M▼
Intangible fixed assets21€36€0▼
Tangible fixed assets22/27€4.68M€4.44M▼
Land and buildings22€4.38M€4.19M▼
Plant, machinery and equipment23€20k€17k▼
Furniture and vehicles24€276k€224k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€9k€9k=
Financial fixed assets28€500€500=
Current assets29/58€674k€800k▲
Amounts receivable within one year40/41€246k€275k▲
Trade receivables40€56k€147k▲
Other amounts receivable41€189k€128k▼
Cash at bank and in hand54/58€414k€514k▲
Deferred charges and accrued income490/1€14k€12k▼
Equity and liabilities
Total equity and liabilities10/49€5.36M€5.24M▼
Equity10/15€2.31M€2.37M▲
Contributions10/11€106k€106k=
Reserves13€2.20M€2.27M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2.20M€2.27M▲
Profit (loss) carried forward14€5k€0▼
Amounts payable17/49€3.04M€2.87M▼
Amounts payable after more than one year17€2.04M€1.80M▼
Financial debts170/4€2.04M€1.80M▼
Amounts payable within one year42/48€1.00M€1.06M▲
Current portion of amounts payable after more than one year42€277k€242k▼
Trade debts44€40k€53k▲
Suppliers440/4€40k€53k▲
Advances received on contracts in progress46€71k€13k▼
Taxes, remuneration and social security45€199k€199k▼
Taxes450/3€193k€184k▼
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48€414k€555k▲
Accrued charges and deferred income492/3€6k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€78k€87k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€242k€262k▲
Other operating charges640/8€15k€22k▲
Gross operating margin9900€1.27M€1.22M▼
Operating profit (loss)9901€930k€851k▼
Financial income75/76B€4k€4k▼
Recurring financial income75€4k€4k▼
Financial charges65/66B€41k€39k▼
Recurring financial charges65€41k€39k▼
Profit (loss) for the period before taxes9903€894k€816k▼
Income taxes67/77€288k€257k▼
Profit (loss) for the period9904€606k€560k▼
Profit (loss) for the period to be appropriated9905€606k€560k▼
Appropriation of the result
Profit (loss) to be appropriated9906€612k€565k▼
Profit (loss) brought forward from the previous period14P€5k€5k=
Transfer from equity791/2€563k€500k▼
Transfer to equity691/2€606k€565k▼
To other reserves6921€606k€565k▼
Profit to be distributed694/7€563k€500k▼
Return on contributions (dividend)694€563k€500k▼
Social balance
Average headcount (FTE)90871.82.0▲
The notes to these accounts (23 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
11-09
State Gazette act
Board meeting · Registered-office moveBoard meeting · Registered-office move2 facts ▸
State Gazette act
Board meeting · Registered-office move
Board meeting · Registered-office move2 facts ▸
- Board meeting, 2026-06-30
- Registered-office move, Avenue Louise 231 1050 Ixelles
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
18-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 202 days late
2024
31-12
Financial
Highest result since 2018net €606k ▲36.7%
Operating result €930k, net result €606k, both a record.
2023
31-12
Financial
Equity above €2MEq €2.27M ▲24.3%
6 profitable years in a row build equity to €2.27M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Equity above €2MEq €2.15M ▲8.3%
3 profitable years in a row build equity to €2.15M.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Weakest financial yearnet €103k ▼51.9%
Net result drops to €103k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit 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.
Louizalaan 2311050 BrusselGround area
7,355 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
2 parcels, Brussels, Wallonia · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
ST27
since 20152.248.501.570
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 57008C0728/00A000 | Wallonia | 1,683 m² | - | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300IYKTIMYX016R62
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Of 16,628 companies in sector 86220 we hold annual accounts for 7,973. 4,233 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2009
Fiscal year end31-12
Activities, NACEBEL
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.