The White Engine
ActiveThe White Engine has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €698k and a net result of €52k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability37▼-31
Solvency33▲+2
Growth52=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity short (current ratio 0.19 against 0.27 in 2023), and 71.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
36 d early
2022
17 d early
2021
41 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€698k▲ 8.1%
2023 · €646k
2021: €121k
2022: €558k
2023: €646k
2021 → 2024
Total assets
€2.44M▲ 4.1%
2023 · €2.34M
2021: €846k
2022: €1.94M
2023: €2.34M
2021 → 2024
Net result
€52k▼ 40.4%
2023 · €88k
2021: €120k
2022: €437k
2023: €88k
2021 → 2024
Working capital
€-1.08M▼ 15.2%
2023 · €-935k
2021: €-81k
2022: €-644k
2023: €-935k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€121k-€558k▲ 361%€646k▲ 15.7%€698k▲ 8.1%
Operating result€191k-€642k▲ 237%€148k▼ 76.9%€110k▼ 26.0%
Net result€120k-€437k▲ 264%€88k▼ 79.9%€52k▼ 40.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 26% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.44M
Fixed assets
€2.20M▲ 10.0%
Current assets
€245k▼ 29.7%
Equity and liabilities €2.44M
Equity
€698k▲ 8.1%
Debt
€1.74M▲ 2.6%
The debt ratio falls from 72.4% to 71.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€168k▼
2023 · €260k
Cash flow
€111k▼
2023 · €199k
Solvency
28.6%▲
2023 · 27.6%
Current ratio
0.19▼
2023 · 0.27
Quick ratio
0.19▼
2023 · 0.27
Debt / equity
2.50▼
2023 · 2.63
ROE
7.5%▼
2023 · 13.6%
ROA
2.1%▼
2023 · 3.7%
Interest coverage
2.63▼
2023 · 5.79
Debt
€1.74M▲
2023 · €1.70M
Debt ≤ 1 year
€1.32M▲
2023 · €1.28M
Debt > 1 year
€391k=
2023 · €391k
Income taxes
€27k▼
2023 · €38k
Staff costs
€21k▼
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.34M€2.44M▲
Fixed assets21/28€2.00M€2.20M▲
Tangible fixed assets22/27€1.53M€1.56M▲
Land and buildings22€1.39M€1.37M▼
Plant, machinery and equipment23€120k€111k▼
Furniture and vehicles24€26k€77k▲
Financial fixed assets28€462k€634k▲
Current assets29/58€349k€245k▼
Amounts receivable after more than one year29€200k€220k▲
Other amounts receivable291€200k€220k▲
Amounts receivable within one year40/41€96k€16k▼
Trade receivables40€96k€6k▼
Other amounts receivable41€508€10k▲
Current investments50/53€48k€0▼
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.34M€2.44M▲
Equity10/15€646k€698k▲
Contributions10/11€1k€1k=
Reserves13€645k€697k▲
Distributable reserves133€645k€697k▲
Amounts payable17/49€1.70M€1.74M▲
Amounts payable after more than one year17€391k€391k=
Financial debts170/4€391k€391k=
Amounts payable within one year42/48€1.28M€1.32M▲
Trade debts44€62k€9k▼
Suppliers440/4€62k€9k▼
Taxes, remuneration and social security45€102k€41k▼
Taxes450/3€100k€39k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€1.12M€1.27M▲
Accrued charges and deferred income492/3€24k€30k▲
Income statement
Code20232024
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€21k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€112k€58k▼
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A-€48k
Gross operating margin9900€285k€242k▼
Operating profit (loss)9901€148k€110k▼
Financial income75/76B€23k€33k▲
Recurring financial income75€23k€33k▲
Financial charges65/66B€45k€64k▲
Recurring financial charges65€45k€64k▲
Profit (loss) for the period before taxes9903€126k€79k▼
Income taxes67/77€38k€27k▼
Profit (loss) for the period9904€88k€52k▼
Profit (loss) for the period to be appropriated9905€88k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€88k€52k▼
Transfer to equity691/2€88k€52k▼
To other reserves6921€88k€52k▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €52k ▼40.4%
Net result drops to €52k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-10
State Gazette act
General meeting · Purpose change
Capital · Director resignation · Carmen de Vuyst
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €437k ▲264%
Operating result €642k, net result €437k, both a record.
31-12
Financial
Equity above €500kEq €558k ▲361%
2 profitable years in a row build equity to €558k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
11-05
State Gazette act
General meeting · Name change
Purpose change · Legal-form conversion · Carmen de Vuyst
03-05
State Gazette act
General meeting · Accounting effect
Legal-form conversion · Name change · Carmen de Vuyst
03-05
State Gazette act
General meeting · Corporate decision
Power of attorney · Director appointment
2021
21-12
State Gazette act
Board meeting · Power of attorney
Permanent representative
09-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
27-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
14-05
State Gazette act
Board meeting · Director appointment
Permanent representative
04-03
State Gazette act
Board meeting · Director appointment
Permanent representative
16-02
State Gazette act
Board meeting · Director appointment
Permanent representative · Governance arrangement
04-02
State Gazette act
Board meeting · Director appointment
Permanent representative · Director resignation
04-02
State Gazette act
Board meeting · Director appointment
Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2020
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.
Jan Van Rijswijcklaan 1082018 AntwerpenGround area
292 m²
Building footprint
127 m²
Volume, LiDAR
1,788 m³
Parcel 11810K1891/00B003, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
The White Engine
since 20202.308.529.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1891/00B003 | Flanders | 291 m² | 1 · 127 m² | 18.3 m · 5 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.
Structure & network
Ownership & control
2 partiesThe White EngineBE 0756.467.663
controls
Where this company holds controlthis company sits on their board2
3 locations
1 location
Similar companies · same sector, comparable size
MANAGEMENT CAROLINE VANDECASTEELE
BE 0536.437.813
Leuven · Eq €698k
DATATECH
BE 0474.056.321
Waregem · Eq €698k
MoulinRouge
BE 0536.847.191
Gent · Eq €698k
FIBOCO
BE 0455.083.814
Kortrijk · Eq €698k
D.A.R.E. CONSULTING
BE 0874.868.833
Ukkel · Eq €698k
Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 31,478 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32465003151