Sweet Mustard
ActiveSweet Mustard has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €224k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-12
Solvency69▼-13
Growth59▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.02 in 2024; short-term debt: 55.5% and cash: 0.8% of total assets), but 55.6% 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○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 →
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
44.4%
Return on assets
8%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
4 d early
2024
24 d early
2023
20 d early
2022
3 d late
2021
26 d late
2020
6 d late
2019
18 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.25M▼ 12.1%
2024 · €8.25M
2018: €9.41M
2019: €8.79M
2020: €7.74M
2021: €8.83M
2022: €9.22M
2023: €6.72M
2024: €8.25M
2018 → 2025
EBIT margin
2.6%▼ 0.6pp
2024 · 3.2%
2018: -1.3%
2019: 4.7%
2020: 7.9%
2021: 7.1%
2022: 5.3%
2023: 3.1%
2024: 3.2%
2018 → 2025
Net result
€224k▲ 12.9%
2024 · €198k
2018: €-172k
2019: €281k
2020: €416k
2021: €438k
2022: €326k
2023: €129k
2024: €198k
2018 → 2025
Working capital
€930k▼ 21.6%
2024 · €1.19M
2018: €-87k
2019: €148k
2020: €687k
2021: €761k
2022: €1.06M
2023: €1.08M
2024: €1.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.83M-€9.22M▲ 4.5%€6.72M▼ 27.1%€8.25M▲ 22.7%€7.25M▼ 12.1%
Equity€863k-€1.19M▲ 37.8%€1.32M▲ 10.8%€1.52M▲ 15.1%€1.24M▼ 18.2%
Operating result€627k-€486k▼ 22.5%€208k▼ 57.3%€263k▲ 26.9%€190k▼ 28.0%
Net result€438k-€326k▼ 25.6%€129k▼ 60.5%€198k▲ 54.2%€224k▲ 12.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.79M
Fixed assets
€313k▼ 5.1%
Current assets
€2.48M▲ 5.3%
Equity and liabilities €2.79M
Equity
€1.24M▼ 18.2%
Provisions
€1k
Debt
€1.55M▲ 32.8%
The debt ratio rises from 43.5% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€215k▼
2024 · €320k
Cash flow
€250k▼
2024 · €255k
Solvency
44.4%▼
2024 · 56.5%
Current ratio
1.60▼
2024 · 2.02
Quick ratio
1.60▼
2024 · 2.02
Debt / equity
1.25▲
2024 · 0.77
ROE
18.1%▲
2024 · 13.1%
ROA
8.0%▲
2024 · 7.4%
Interest coverage
4.06▼
2024 · 6.50
Debt
€1.55M▲
2024 · €1.17M
Debt ≤ 1 year
€1.55M▲
2024 · €1.17M
Income taxes
€50k▲
2024 · €29k
Staff costs
€2.23M▲
2024 · €2.12M
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€2.68M€2.79M▲
Fixed assets21/28€330k€313k▼
Intangible fixed assets21€21k€5k▼
Tangible fixed assets22/27€17k€17k▼
Plant, machinery and equipment23€17k€17k▼
Financial fixed assets28€292k€291k▼
Current assets29/58€2.35M€2.48M▲
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€2.14M€2.40M▲
Trade receivables40€1.37M€1.20M▼
Other amounts receivable41€770k€1.19M▲
Cash at bank and in hand54/58€184k€22k▼
Deferred charges and accrued income490/1€32k€59k▲
Equity and liabilities
Total equity and liabilities10/49€2.68M€2.79M▲
Equity10/15€1.52M€1.24M▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€1.37M€1.09M▼
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€255k€53k▼
Distributable reserves133€1.10M€1.02M▼
Profit (loss) carried forward14€150€443▲
Provisions and deferred taxes16-€1k
Provisions for liabilities and charges160/5-€1k
Pensions and similar obligations160-€1k
Amounts payable17/49€1.17M€1.55M▲
Amounts payable within one year42/48€1.17M€1.55M▲
Trade debts44€772k€754k▼
Suppliers440/4€772k€754k▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€320k€293k▼
Taxes450/3€94k€52k▼
Remuneration and social security454/9€226k€240k▲
Other amounts payable47/48€69k€500k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€8.25M€7.25M▼
Non-recurring operating income76A-€160
Goods, raw materials, services and sundry goods60/61€5.90M€4.92M▼
Remuneration, social security and pensions62€2.12M€2.23M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€26k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-679▼
Other operating charges640/8€14k€9k▼
Non-recurring operating charges66A€62k-
Gross operating margin9900€2.52M€2.45M▼
Operating profit (loss)9901€263k€190k▼
Financial income75/76B€14k€138k▲
Recurring financial income75€14k€135k▲
Non-recurring financial income76B-€3k
Financial charges65/66B€49k€53k▲
Recurring financial charges65€49k€53k▲
Profit (loss) for the period before taxes9903€228k€274k▲
Income taxes67/77€29k€50k▲
Profit (loss) for the period9904€198k€224k▲
Transfer from tax-exempt reserves789€46k€202k▲
Transfer to tax-exempt reserves689€32k-
Profit (loss) for the period to be appropriated9905€213k€426k▲
Appropriation of the result
Profit (loss) to be appropriated9906€213k€426k▲
Profit (loss) brought forward from the previous period14P€429€150▼
Transfer from equity791/2-€300k
Transfer to equity691/2€213k€226k▲
To other reserves6921€213k€226k▲
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
Social balance
Average headcount (FTE)908732.830.2▼
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
31-12
Financial
Equity above €1MEq €1.19M ▲37.8%
4 profitable years in a row build equity to €1.19M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €438k ▲5.3%
Operating result €627k, net result €438k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 6 days late
2020
31-12
Financial
Equity above €500kEq €675k ▲161%
2 profitable years in a row build equity to €675k.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €281k
Net result €281k after one loss-making year.
31-12
Financial
Equity above €200kEq €259k
Equity rises from €-22k to €259k.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Kortrijk · 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.
Lucky Lukestraat(Kor) 68500 KortrijkGround area
1,143 m²
Building footprint
1,088 m²
Parcel 34352F0358/00L002, Flanders. Linked by address, not a title deed.
1 establishment unit
Sweet Mustard
since 20172.267.068.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34352F0358/00L002 | Flanders | 1,143 m² | 1 · 1,088 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 39,938 EUR awarded · 39,938 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 13,770 EUR | 13,770 EUR |
| 2024 | 1 | 17,494 EUR | 17,494 EUR |
| 2023 | 1 | 8,674 EUR | 8,674 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 7,344 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-06-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
82990Other business support services
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 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.