THE GROWTH LAB
ActiveTHE GROWTH LAB has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 45% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-12
Solvency83▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.68 in 2023; short-term debt: 42.4% and cash: 42.2% of total assets), and 42.4% 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
57.6%
Return on assets
15.5%
Age of the figures
21 mo
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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €58k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
30 d late
2022
3 d early
2021
11 d late
2020
11 d late
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€58k▲ 36.7%
2023 · €43k
2018: €-10k
2019: €8k
2020: €2k
2021: €-10k
2022: €13k
2023: €43k
2018 → 2024
Total assets
€101k▼ 2.7%
2023 · €104k
2018: €16k
2019: €40k
2020: €31k
2021: €20k
2022: €54k
2023: €104k
2018 → 2024
Net result
€16k▼ 46.8%
2023 · €30k
2018: €9k
2019: €18k
2020: €-5k
2021: €-12k
2022: €23k
2023: €30k
2018 → 2024
Working capital
€57k▲ 37.4%
2023 · €42k
2018: €4k
2019: €7k
2020: €-58
2021: €-11k
2022: €13k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€-10k€13k€43k▲ 224%€58k▲ 36.7%
Operating result€-5k-€-12k▼ 130%€25k€45k▲ 79.0%€24k▼ 46.4%
Net result€-5k-€-12k▼ 122%€23k€30k▲ 29.9%€16k▼ 46.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 46% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €101k
Fixed assets
€1k▲ 9.6%
Current assets
€100k▼ 2.8%
Equity and liabilities €101k
Equity
€58k▲ 36.7%
Debt
€43k▼ 30.0%
The debt ratio falls from 59.0% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2023 · €45k
Cash flow
€16k▼
2023 · €30k
Solvency
57.6%▲
2023 · 41.0%
Current ratio
2.33▲
2023 · 1.68
Quick ratio
2.33▲
2023 · 1.68
Debt / equity
0.74▼
2023 · 1.44
ROE
26.9%▼
2023 · 69.1%
ROA
15.5%▼
2023 · 28.3%
Interest coverage
94.43▲
2023 · 45.65
Debt
€43k▼
2023 · €62k
Debt ≤ 1 year
€43k▼
2023 · €62k
Income taxes
€8k▼
2023 · €15k
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€104k€101k▼
Fixed assets21/28€1k€1k▲
Tangible fixed assets22/27€519€621▲
Furniture and vehicles24€519€621▲
Financial fixed assets28€554€554=
Current assets29/58€103k€100k▼
Amounts receivable within one year40/41€22k€57k▲
Trade receivables40€10k€45k▲
Other amounts receivable41€12k€12k=
Cash at bank and in hand54/58€80k€43k▼
Deferred charges and accrued income490/1€1k€673▼
Equity and liabilities
Total equity and liabilities10/49€104k€101k▼
Equity10/15€43k€58k▲
Reserves13€30k€40k▲
Distributable reserves133€30k€40k▲
Profit (loss) carried forward14€13k€19k▲
Amounts payable17/49€62k€43k▼
Amounts payable within one year42/48€62k€43k▼
Trade debts44€13k€1k▼
Suppliers440/4€13k€1k▼
Taxes, remuneration and social security45€18k€21k▲
Taxes450/3€17k€19k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€30k€21k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179€372▲
Other operating charges640/8€453€2k▲
Gross operating margin9900€46k€26k▼
Operating profit (loss)9901€45k€24k▼
Financial income75/76B€13-
Recurring financial income75€13-
Financial charges65/66B€991€260▼
Recurring financial charges65€991€260▼
Profit (loss) for the period before taxes9903€44k€24k▼
Income taxes67/77€15k€8k▼
Profit (loss) for the period9904€30k€16k▼
Profit (loss) for the period to be appropriated9905€30k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€29k▼
Profit (loss) brought forward from the previous period14P€13k€13k▲
Transfer to equity691/2€30k€10k▼
To other reserves6921€30k€10k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €30k ▲29.9%
Operating result €45k, net result €30k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.31
Current ratio from 0.62 to 1.31.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 2015
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.
Louizalaan 541050 BrusselGround area
1,625 m²
Building footprint
1,286 m²
Volume, LiDAR
34,999 m³
Parcel 21807G0001/00L000, Brussels · tallest building 33.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
The Growth Lab
since 20152.240.411.671
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 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
KMOSITES
BE 0883.003.668
Gent · Eq €58k
BACOFI
BE 0896.920.891
Elsene · Eq €58k
SL CONNECT
BE 1010.984.775
Ganshoren · Eq €58k
WEBUP
BE 0682.752.514
Namur · Eq €58k
ARS ANALYTICA
BE 0800.733.416
Sint-Jans-Molenbeek · Eq €58k
Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,887 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2015
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73110Advertising agencies
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.