THE TEN
ActiveTHE TEN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-16k) and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+63
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.56 in 2023; short-term debt: 137.2% and cash: 39.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-37.2%
Return on assets
10.2%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 15868 sector peers (2024).
NBB · sector comparisonPosition among 15868 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
on the day
2022
31 d late
2021
31 d late
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-16k▲ 21.6%
2023 · €-20k
2018: €298k
2019: €634k
2020: €272k
2021: €195k
2022: €8k
2023: €-20k
2018 → 2024
Total assets
€42k▲ 64.0%
2023 · €26k
2018: €711k
2019: €1.21M
2020: €442k
2021: €262k
2022: €48k
2023: €26k
2018 → 2024
Net result
€4k
2023 · €-28k
2018: €280k
2019: €336k
2020: €-362k
2021: €-76k
2022: €-187k
2023: €-28k
2018 → 2024
Working capital
€-16k▲ 21.6%
2023 · €-20k
2018: €298k
2019: €634k
2020: €272k
2021: €195k
2022: €8k
2023: €-20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€272k-€195k▼ 28.1%€8k▼ 95.8%€-20k€-16k▲ 21.6%
Operating result€-358k-€-76k▲ 78.7%€-184k▼ 142%€-27k▲ 85.4%€4k
Net result€-362k-€-76k▲ 78.9%€-187k▼ 145%€-28k▲ 85.0%€4k
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 returns to profit in 2024: €4k after a loss of €27k in 2023, the highest result in the available series.
Key figures and ratios
Solvency
-37.2%▲
2023 · -77.8%
Current ratio
0.73▲
2023 · 0.56
Quick ratio
0.72▲
2023 · 0.55
Debt / equity
-3.69▼
2023 · -2.28
ROA
10.2%▲
2023 · -109.6%
Debt
€58k▲
2023 · €46k
Debt ≤ 1 year
€58k▲
2023 · €46k
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€26k€42k▲
Current assets29/58€26k€42k▲
Stocks and contracts in progress3€500€500=
Stocks30/36€500€500=
Amounts receivable within one year40/41€23k€25k▲
Trade receivables40€367€2k▲
Other amounts receivable41€22k€23k▲
Cash at bank and in hand54/58€2k€17k▲
Deferred charges and accrued income490/1€302€0▼
Equity and liabilities
Total equity and liabilities10/49€26k€42k▲
Equity10/15€-20k€-16k▲
Contributions10/11€19k€19k=
Reserves13€177k€177k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€175k€175k=
Profit (loss) carried forward14€-215k€-211k▲
Amounts payable17/49€46k€58k▲
Amounts payable within one year42/48€46k€58k▲
Trade debts44€35k€37k▲
Suppliers440/4€35k€37k▲
Taxes, remuneration and social security45€11€0▼
Taxes450/3€11€0▼
Other amounts payable47/48€11k€21k▲
Income statement
Code20232024
Other operating charges640/8-€437
Gross operating margin9900€-27k€5k▲
Operating profit (loss)9901€-27k€4k▲
Financial income75/76B-€95
Recurring financial income75-€95
Financial charges65/66B€1k€184▼
Recurring financial charges65€1k€184▼
Profit (loss) for the period before taxes9903€-28k€4k▲
Profit (loss) for the period9904€-28k€4k▲
Profit (loss) for the period to be appropriated9905€-28k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-215k€-211k▲
Profit (loss) brought forward from the previous period14P€-187k€-215k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-362k ▼208%
Net result drops to €-362k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
31-12
Financial
Highest result since 2018net €336k ▲20%
Operating result €511k, net result €336k, both a record.
31-12
Financial
Equity above €500kEq €634k ▲113%
2 profitable years in a row build equity to €634k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 58 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, Asse · 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.
Moretteweg 8 A1730 AsseGround area
1.7 ha
Building footprint
1,632 m²
Volume, LiDAR
9,613 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Moretteweg 8A, 1730 Asse
since 20172.271.067.829
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002H0661/00N000 | Flanders | 1.5 ha | 1 · 1,470 m² | 9.8 m · 2 fl. |
| 23002H0671/00Z000 | Flanders | 1,138 m² | 1 · 162 m² | 4.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
CORIJN NICOLAS
BE 1004.195.963
Haaltert · Eq €9k
TULTAY
BE 0885.746.788
Manhay · Eq €7k
VARKENSVERBETERING BLOMME
BE 0456.684.413
Pittem · Eq €7k
APOL
BE 0784.682.488
Jodoigne · Eq €7k
VG Horses
BE 0749.518.604
Kapellen · Eq €9k
Of 946 companies in sector 46231 we hold annual accounts for 422. 89 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2017
Fiscal year end31-12
Activities, NACEBEL
46231Wholesale of live animals
01430Raising of horses and other equines
46110Wholesale trade
93110Operation of sports facilities
93127Equestrian clubs
93129Activities of other sports clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.