START-DEV
ActiveSTART-DEV has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €61k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 1886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +39 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency29▼-31
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.38 in 2024), and 80.8% 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 63
Relative position
BE, all sectors
reference
Sector 63
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
19.2%
Return on assets
62.9%
Age of the figures
14 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1886 sector peers (2025).
NBB · sector comparisonPosition among 1886 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 13-01-2026, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
49 d early
2023
68 d early
2022
64 d early
2021
45 d early
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▲ 89.8%
2024 · €10k
2019: €50k
2020: €65k
2021: €19k
2022: €19k
2023: €23k
2024: €10k
2019 → 2025
Total assets
€97k▲ 224%
2024 · €30k
2019: €68k
2020: €89k
2021: €72k
2022: €64k
2023: €41k
2024: €30k
2019 → 2025
Net result
€61k
2024 · €-13k
2019: €11k
2020: €15k
2021: €35k
2022: €34k
2023: €4k
2024: €-13k
2019 → 2025
Working capital
€18k▲ 134%
2024 · €8k
2019: €48k
2020: €64k
2021: €19k
2022: €19k
2023: €23k
2024: €8k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€19k=€23k▲ 23.2%€10k▼ 57.2%€19k▲ 89.8%
Operating result€47k-€43k▼ 9.6%€6k▼ 86.3%€-8k€75k
Net result€35k-€34k▼ 1.1%€4k▼ 87.5%€-13k€61k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €75k after a loss of €8k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€1k▼ 45.9%
Current assets
€95k▲ 249%
Equity and liabilities €97k
Equity
€19k▲ 89.8%
Debt
€78k▲ 289%
The debt ratio rises from 67.2% to 80.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€76k▲
2024 · €-7k
Cash flow
€62k▲
2024 · €-12k
Solvency
19.2%▼
2024 · 32.8%
Current ratio
1.23▼
2024 · 1.38
Quick ratio
1.23▼
2024 · 1.38
Debt / equity
4.20▲
2024 · 2.05
ROE
327.3%▲
2024 · -133.8%
ROA
62.9%▲
2024 · -43.9%
Interest coverage
142.10▲
2024 · -1.55
Debt
€78k▲
2024 · €20k
Debt ≤ 1 year
€78k▲
2024 · €20k
Income taxes
€13k
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€30k€97k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€27k€95k▲
Amounts receivable within one year40/41€18k€12k▼
Trade receivables40€18k€12k▼
Current investments50/53€6k€11k▲
Cash at bank and in hand54/58€3k€61k▲
Deferred charges and accrued income490/1€426€12k▲
Equity and liabilities
Total equity and liabilities10/49€30k€97k▲
Equity10/15€10k€19k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-9k-
Amounts payable17/49€20k€78k▲
Amounts payable within one year42/48€20k€78k▲
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€6k€20k▲
Taxes450/3€6k€19k▲
Remuneration and social security454/9-€764
Other amounts payable47/48€12k€56k▲
Accrued charges and deferred income492/3€333€494▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€966€1k▲
Other operating charges640/8€7k€451▼
Non-recurring operating charges66A€230-
Gross operating margin9900€-195€76k▲
Operating profit (loss)9901€-8k€75k▲
Financial charges65/66B€5k€535▼
Recurring financial charges65€5k€535▼
Profit (loss) for the period before taxes9903€-13k€74k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€-13k€61k▲
Profit (loss) for the period to be appropriated9905€-13k€61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€52k▲
Profit (loss) brought forward from the previous period14P€4k€-9k▼
Profit to be distributed694/7-€52k
Return on contributions (dividend)694-€52k
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
13-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
2024
13-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-13k ▼404%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2023
24-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 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, Brussel · 1 establishment unit since 2017
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.
Noordstraat 631000 BrusselGround area
1,208 m²
Building footprint
533 m²
Volume, LiDAR
4,991 m³
Parcel 21803C0360/00F000, Brussels · tallest building 17.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
START-DEV
since 20172.266.429.447
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0360/00F000 | Brussels | 1,208 m² | 1 · 532 m² | 17.5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 2,786 companies in sector 63910 we hold annual accounts for 694. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-07-2017
Fiscal year end30-06
Activities, NACEBEL
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.