SZ
ActiveSZ has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.90M and a net result of €-223k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▼-1
Solvency37▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.16 in 2024; short-term debt: 52.3% and cash: 0.1% of total assets), and 88.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
11.8%
Return on assets
-1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3163 sector peers (2025).
NBB · sector comparisonPosition among 3163 sector peers
Solvency
better than 16%
← 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 27-08-2026, 27 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
27 d late
2024
29 d late
2023
23 d late
2022
5 d early
2021
18 d late
2020
25 d late
2019
83 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-223k
2024 · €105k
2018: €-100k
2019: €-129k
2020: €694k
2021: €596k
2022: €-84k
2023: €193k
2024: €105k
2018 → 2025
Working capital
€-7.08M▼ 31.0%
2024 · €-5.40M
2018: €-1.88M
2019: €-6.36M
2020: €-6.65M
2021: €-8.72M
2022: €-9.90M
2023: €-10.32M
2024: €-5.40M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.32M-€2.24M▼ 3.6%€2.34M▲ 4.6%€2.44M▲ 4.5%€1.90M▼ 22.1%
Operating result€1.13M-€319k▼ 71.7%€834k▲ 161%€865k▲ 3.8%€409k▼ 52.7%
Net result€596k-€-84k€193k€105k▼ 45.3%€-223k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 53% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.12M
Fixed assets
€14.76M▲ 5.9%
Current assets
€1.35M▲ 27.5%
Equity and liabilities €16.12M
Equity
€1.90M▼ 22.1%
Debt
€14.21M▲ 13.1%
The debt ratio rises from 83.7% to 88.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€896k▼
2024 · €1.07M
Cash flow
€264k▼
2024 · €312k
Solvency
11.8%▼
2024 · 16.3%
Current ratio
0.16▼
2024 · 0.16
Quick ratio
0.16▼
2024 · 0.16
Debt / equity
7.46▲
2024 · 5.14
ROE
-11.7%▼
2024 · 4.3%
ROA
-1.4%▼
2024 · 0.7%
Interest coverage
1.42▲
2024 · 1.27
Debt
€14.21M▲
2024 · €12.56M
Debt ≤ 1 year
€8.44M▲
2024 · €6.47M
Debt > 1 year
€5.76M▼
2024 · €6.08M
Income taxes
€21k▼
2024 · €21k
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€15.01M€16.12M▲
Fixed assets21/28€13.94M€14.76M▲
Intangible fixed assets21€640€462▼
Tangible fixed assets22/27€11.77M€12.59M▲
Land and buildings22-€1.44M
Plant, machinery and equipment23€12k€20k▲
Furniture and vehicles24€4k€9k▲
Other tangible fixed assets26€7.85M€7.56M▼
Assets under construction and advance payments27€3.90M€3.56M▼
Financial fixed assets28€2.17M€2.17M=
Current assets29/58€1.06M€1.35M▲
Amounts receivable after more than one year29€90k€90k=
Trade receivables290€90k€90k=
Amounts receivable within one year40/41€905k€1.22M▲
Trade receivables40€415k€393k▼
Other amounts receivable41€490k€823k▲
Cash at bank and in hand54/58€60k€22k▼
Deferred charges and accrued income490/1€8k€27k▲
Equity and liabilities
Total equity and liabilities10/49€15.01M€16.12M▲
Equity10/15€2.44M€1.90M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.57M€1.26M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.57M€1.25M▼
Profit (loss) carried forward14€809k€586k▼
Amounts payable17/49€12.56M€14.21M▲
Amounts payable after more than one year17€6.08M€5.76M▼
Financial debts170/4€6.08M€5.76M▼
Amounts payable within one year42/48€6.47M€8.44M▲
Current portion of amounts payable after more than one year42€320k€320k=
Trade debts44€406k€379k▼
Suppliers440/4€406k€379k▼
Taxes, remuneration and social security45€49k€109k▲
Taxes450/3€49k€109k▲
Other amounts payable47/48€5.69M€7.63M▲
Accrued charges and deferred income492/3€15k€16k▲
Income statement
Code20242025
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€207k€487k▲
Other operating charges640/8€22k€22k▼
Non-recurring operating charges66A-€38k
Gross operating margin9900€1.09M€957k▼
Operating profit (loss)9901€865k€409k▼
Financial income75/76B€105k€18k▼
Recurring financial income75€105k€18k▼
Financial charges65/66B€845k€630k▼
Recurring financial charges65€845k€630k▼
Profit (loss) for the period before taxes9903€126k€-202k▼
Income taxes67/77€21k€21k▼
Profit (loss) for the period9904€105k€-223k▼
Profit (loss) for the period to be appropriated9905€105k€-223k▼
Appropriation of the result
Profit (loss) to be appropriated9906€914k€586k▼
Profit (loss) brought forward from the previous period14P€809k€809k=
Transfer from equity791/2€0€316k▲
Transfer to equity691/2€105k€0▼
To other reserves6921€105k€0▼
Profit to be distributed694/7€0€316k▲
Return on contributions (dividend)694€0€316k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (24 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €-223k ▼312%
Net result drops to €-223k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 23 days late
2023
31-12
Financial
Back to profitnet €193k
Net result €193k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
31-12
Financial
Equity above €2MEq €2.32M ▲34.6%
2 profitable years in a row build equity to €2.32M.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
31-12
Financial
Back to profitnet €694k
Net result €694k after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 83 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 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, Wommelgem · 1 establishment unit since 2001
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.
Koralenhoeve 352160 WommelgemGround area
8,904 m²
Building footprint
2,714 m²
Volume, LiDAR
22,663 m³
Parcel 11052C0166/00N000, Flanders · tallest building 13.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koralenhoeve 35, 2160 Wommelgem
since 20012.100.448.292
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0166/00N000 | Flanders | 8,904 m² | 1 · 2,714 m² | 13.9 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.
Similar companies · same sector, comparable size
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VERMA INVEST
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SIMOB
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SCIFO
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 20,744 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-07-2001
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71230
66300Activities auxiliary to financial services and insurance activities
77350Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.