SUMRESEARCH
ActiveSUMRESEARCH has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2k and a net result of €964. Equity is growing by ~86.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 1411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability38=
Solvency26▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.01 against 1.0 in 2023; short-term debt: 99.2% of total assets), and 99.2% 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.8%
Return on assets
0.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1411 sector peers (2024).
NBB · sector comparisonPosition among 1411 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
65 d early
2022
122 d late
2021
96 d late
2020
25 d early
2019
69 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2k▲ 86.1%
2023 · €1k
2018: €-5k
2019: €-20k
2020: €305
2021: €-704
2022: €258
2023: €1k
2018 → 2024
Total assets
€249k▼ 13.3%
2023 · €287k
2018: €379k
2019: €204k
2020: €215k
2021: €251k
2022: €325k
2023: €287k
2018 → 2024
Net result
€964▲ 11.9%
2023 · €861
2018: €13k
2019: €-15k
2020: €20k
2021: €-1k
2022: €963
2023: €861
2018 → 2024
Working capital
€2k▲ 88.6%
2023 · €1k
2018: €-5k
2019: €-20k
2020: €305
2021: €-704
2022: €258
2023: €1k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€305-€-704€258€1k▲ 333%€2k▲ 86.1%
Operating result€25k-€2k▼ 93.2%€3k▲ 95.1%€5k▲ 54.2%€17k▲ 230%
Net result€20k-€-1k€963€861▼ 10.5%€964▲ 11.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 230% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €249k
Equity
€2k▲ 86.1%
Debt
€247k▼ 13.7%
The debt ratio falls from 99.6% to 99.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
0.8%▲
2023 · 0.4%
Current ratio
1.01▲
2023 · 1.00
Quick ratio
1.01▲
2023 · 0.85
ROE
46.3%▼
2023 · 76.9%
ROA
0.4%▲
2023 · 0.3%
Debt
€247k▼
2023 · €286k
Debt ≤ 1 year
€247k▼
2023 · €286k
Staff costs
€193k▼
2023 · €271k
A ratio outside any meaningful range has been withheld (balance sheet total €249k, equity €2k).
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€287k€249k▼
Current assets29/58€287k€249k▼
Stocks and contracts in progress3€43k€0▼
Contracts in progress37€43k€0▼
Amounts receivable within one year40/41€244k€248k▲
Trade receivables40€237k€248k▲
Other amounts receivable41€6k€0▼
Cash at bank and in hand54/58€0-
Deferred charges and accrued income490/1€635€586▼
Equity and liabilities
Total equity and liabilities10/49€287k€249k▼
Equity10/15€1k€2k▲
Contributions10/11€409k€409k=
Capital10€409k€409k=
Issued capital100€409k€409k=
Reserves13€5k€5k=
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Profit (loss) carried forward14€-413k€-412k▲
Amounts payable17/49€286k€247k▼
Amounts payable within one year42/48€286k€247k▼
Trade debts44€24k€5k▼
Suppliers440/4€24k€5k▼
Taxes, remuneration and social security45€201k€194k▼
Taxes450/3€127k€129k▲
Remuneration and social security454/9€74k€64k▼
Other amounts payable47/48€61k€49k▼
Accrued charges and deferred income492/3-€28
Income statement
Code20232024
Non-recurring operating income76A€5k€0▼
Remuneration, social security and pensions62€271k€193k▼
Other operating charges640/8€384€772▲
Gross operating margin9900€276k€210k▼
Operating profit (loss)9901€5k€17k▲
Financial income75/76B€336€0▼
Recurring financial income75€336€0▼
Financial charges65/66B€5k€16k▲
Recurring financial charges65€5k€16k▲
Profit (loss) for the period before taxes9903€861€964▲
Profit (loss) for the period9904€861€964▲
Profit (loss) for the period to be appropriated9905€861€964▲
Appropriation of the result
Profit (loss) to be appropriated9906€-413k€-412k▲
Profit (loss) brought forward from the previous period14P€-414k€-413k▲
Social balance
Average headcount (FTE)90873.63.6=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 122 days late
2022
31-12
Financial
Back to profitnet €963
Net result €963 after one loss-making year.
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 96 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
31-12
Financial
Weakest financial yearnet €-15k ▼219%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 111 days late
2018
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 100 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1995
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.
Waterloolaan 901000 BrusselGround area
324 m²
Building footprint
279 m²
Volume, LiDAR
3,503 m³
Parcel 21808H0949/00G005, Brussels · tallest building 21.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Waterloolaan 90, 1000 Brussel
since 19952.069.632.778
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0949/00G005 | Brussels | 324 m² | 1 · 279 m² | 21.3 m · 4 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.
Similar companies · same sector, comparable size
Makt AC
BE 0649.527.935
Antwerpen · Eq €2k
Witters Management
BE 0543.999.655
Lommel · Eq €2k
FKS CONSULTING
BE 0466.733.118
Zulte · Eq €2k
BURAGEST
BE 0431.562.304
Lobbes · Eq €2k
SPALYWOOD-G. HERREN
BE 0472.191.248
Spa · Eq €2k
Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1994
Fiscal year end31-12
Abbreviation NL
M + R
Activities, NACEBEL
71111Activities of building architects
73200Market research and public opinion polling
74132
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.