SWITCHPOINT
ActiveSWITCHPOINT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-253k) and a net result of €-136k. Equity is shrinking by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 139 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-5
Solvency2▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.35 in 2024; short-term debt: 109.4% and cash: 0.9% of total assets), and equity is negative.
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 2025Solvency, return and age of the figures
Solvency
-22.7%
Return on assets
-12.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 51
Relative position
BE, all sectors
reference
Sector 51
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-253k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 10 filingsDeviation from the deadline
2025
18 d late
2024
29 d late
2023
208 d late
2022
25 d late
2021
88 d late
2020
89 d late
2019
91 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-253k▼ 116%
2024 · €-117k
2018: €410k
2019: €346k
2020: €243k
2021: €162k
2022: €51k
2023: €-27k
2024: €-117k
2018 → 2025
Total assets
€1.12M▼ 7.4%
2024 · €1.21M
2018: €1.07M
2019: €1.05M
2020: €963k
2021: €1.14M
2022: €1.19M
2023: €1.14M
2024: €1.21M
2018 → 2025
Net result
€-136k▼ 50.9%
2024 · €-90k
2018: €-65k
2019: €-65k
2020: €-62k
2021: €-81k
2022: €-111k
2023: €-78k
2024: €-90k
2018 → 2025
Working capital
€-836k▼ 7.0%
2024 · €-782k
2018: €-304k
2019: €-304k
2020: €-327k
2021: €-534k
2022: €-656k
2023: €-677k
2024: €-782k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€162k-€51k▼ 68.6%€-27k€-117k▼ 328%€-253k▼ 116%
Operating result€-52k-€-86k▼ 64.5%€-52k▲ 39.1%€-62k▼ 17.2%€-107k▼ 74.4%
Net result€-81k-€-111k▼ 36.5%€-78k▲ 29.5%€-90k▼ 15.1%€-136k▼ 50.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €107k in 2025 against €62k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.12M
Fixed assets
€731k▼ 6.7%
Current assets
€385k▼ 8.8%
Key figures and ratios
EBITDA
€-45k▼
2024 · €-23k
Cash flow
€-74k▼
2024 · €-51k
Solvency
-22.7%▼
2024 · -9.7%
Current ratio
0.32▼
2024 · 0.35
Quick ratio
0.32▼
2024 · 0.35
Debt / equity
-5.41▲
2024 · -11.28
ROA
-12.2%▼
2024 · -7.5%
Interest coverage
-1.59▼
2024 · -0.78
Debt
€1.37M▲
2024 · €1.32M
Debt ≤ 1 year
€1.22M▲
2024 · €1.20M
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€1.21M€1.12M▼
Fixed assets21/28€784k€731k▼
Tangible fixed assets22/27€783k€731k▼
Furniture and vehicles24€460k€731k▲
Assets under construction and advance payments27€323k€0▼
Financial fixed assets28€320€320=
Current assets29/58€422k€385k▼
Amounts receivable within one year40/41€402k€360k▼
Trade receivables40€77k€33k▼
Other amounts receivable41€325k€327k▲
Cash at bank and in hand54/58€5k€10k▲
Deferred charges and accrued income490/1€15k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.12M▼
Equity10/15€-117k€-253k▼
Contributions10/11€50k€50k=
Reserves13€11k€11k=
Non-distributable reserves130/1€11k€11k=
Reserves not available under the articles1311€11k€11k=
Profit (loss) carried forward14€-179k€-314k▼
Amounts payable17/49€1.32M€1.37M▲
Amounts payable within one year42/48€1.20M€1.22M▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Other amounts payable47/48€1.20M€1.22M▲
Accrued charges and deferred income492/3€120k€148k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€62k▲
Other operating charges640/8€65€2k▲
Gross operating margin9900€-23k€-43k▼
Operating profit (loss)9901€-62k€-107k▼
Financial income75/76B€820€0▼
Recurring financial income75€820€0▼
Financial charges65/66B€29k€29k▼
Recurring financial charges65€29k€29k▼
Profit (loss) for the period before taxes9903€-90k€-136k▼
Profit (loss) for the period9904€-90k€-136k▼
Profit (loss) for the period to be appropriated9905€-90k€-136k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-179k€-314k▼
Profit (loss) brought forward from the previous period14P€-89k€-179k▼
Transfer from equity791/2€0-
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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
24-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 208 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 88 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 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, Bree · 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.
Industrieterrein Kanaal-Noord 11593960 BreeGround area
2.5 ha
Building footprint
9,405 m²
Volume, LiDAR
79,371 m³
Parcel 72004A0327/00B002, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industrieterrein Kanaal-Noord 1159, 3960 Bree
since 19952.070.416.401
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004A0327/00B002 | Flanders | 2.5 ha | 1 · 9,405 m² | 11.0 m · 3 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.
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LSC CONSULTING
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HELIFIEN
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Of 453 companies in sector 51100 we hold annual accounts for 170. 125 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-07-1992
Fiscal year end31-12
Activities, NACEBEL
51100Air transport
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.