STAGE 2
ActiveSTAGE 2 has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €-120k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 2656 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency11▼-8
Growth32▼-46
Stability94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.57 against 0.9 in 2024), and 85.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2656 sector peers (2025).
NBB · sector comparisonPosition among 2656 sector peers
Solvency
better than 23%
← 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 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
25 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€208k▼ 36.6%
2024 · €328k
2022: €241k
2023: €291k
2024: €328k
2022 → 2025
Total assets
€1.47M▼ 28.1%
2024 · €2.04M
2022: €1.12M
2023: €1.54M
2024: €2.04M
2022 → 2025
Net result
€-120k
2024 · €841k
2022: €145k
2023: €864k
2024: €841k
2022 → 2025
Working capital
€-538k▼ 202%
2024 · €-178k
2022: €-72k
2023: €-158k
2024: €-178k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€241k-€291k▲ 21.0%€328k▲ 12.7%€208k▼ 36.6%
Operating result€104k-€803k▲ 675%€755k▼ 6.0%€-144k
Net result€145k-€864k▲ 495%€841k▼ 2.7%€-120k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €144k after €755k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€746k▲ 47.3%
Current assets
€723k▼ 53.0%
Equity and liabilities €1.47M
Equity
€208k▼ 36.6%
Debt
€1.26M▼ 26.5%
The debt ratio rises from 83.9% to 85.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€169k▼
2024 · €1.03M
Cash flow
€193k▼
2024 · €1.11M
Solvency
14.2%▼
2024 · 16.1%
Current ratio
0.57▼
2024 · 0.90
Quick ratio
0.57▼
2024 · 0.90
Debt / equity
6.06▲
2024 · 5.23
ROE
-57.8%▼
2024 · 256.1%
ROA
-8.2%▼
2024 · 41.1%
Interest coverage
322.88▼
2024 · 2359.32
Debt
€1.26M▼
2024 · €1.72M
Debt ≤ 1 year
€1.26M▼
2024 · €1.72M
Staff costs
€402k▼
2024 · €496k
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€2.04M€1.47M▼
Fixed assets21/28€507k€746k▲
Intangible fixed assets21€496k€737k▲
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€3k€1k▼
Financial fixed assets28€8k€8k=
Current assets29/58€1.54M€723k▼
Amounts receivable within one year40/41€245k€76k▼
Trade receivables40€228k€23k▼
Other amounts receivable41€17k€52k▲
Cash at bank and in hand54/58€1.29M€634k▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€2.04M€1.47M▼
Equity10/15€328k€208k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€327k€206k▼
Amounts payable17/49€1.72M€1.26M▼
Amounts payable within one year42/48€1.72M€1.26M▼
Trade debts44€78k€71k▼
Suppliers440/4€78k€71k▼
Taxes, remuneration and social security45€115k€50k▼
Taxes450/3€32k-
Remuneration and social security454/9€83k€50k▼
Other amounts payable47/48€1.52M€1.14M▼
Income statement
Code20242025
Remuneration, social security and pensions62€496k€402k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€273k€313k▲
Gross operating margin9900€1.52M€571k▼
Operating profit (loss)9901€755k€-144k▼
Financial income75/76B€87k€24k▼
Recurring financial income75€87k€24k▼
Financial charges65/66B€436€523▲
Recurring financial charges65€436€523▲
Profit (loss) for the period before taxes9903€841k€-120k▼
Income taxes67/77€346-
Profit (loss) for the period9904€841k€-120k▼
Profit (loss) for the period to be appropriated9905€841k€-120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.08M€206k▼
Profit (loss) brought forward from the previous period14P€244k€327k▲
Profit to be distributed694/7€758k-
Directors or managers695€758k-
Social balance
Average headcount (FTE)90877.36.2▼
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-120k ▼114%
Net result drops to €-120k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €864k ▲495%
Operating result €803k, net result €864k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2021
Ground area
645 m²
Building footprint
429 m²
Volume, LiDAR
3,835 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Stokerijstraat 46a, 9000 Gent
since 20212.319.623.455
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F3605/00E000 | Flanders | 368 m² | 1 · 152 m² | 14.9 m · 4 fl. |
| 44021A2766/00D006 | Flanders | 277 m² | 1 · 277 m² | 11.3 m · 2 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 16,803 companies in sector 62100 we hold annual accounts for 8,745. 6,516 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2021
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.