TIME TO SWITCH
ActiveTIME TO SWITCH has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €13k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency36▲+36
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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
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
10.8%
Return on assets
57.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 37959 sector peers (2024).
NBB · sector comparisonPosition among 37959 sector peers
Solvency
better than 15%
← weakest
strongest →
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 03-07-2025, 28 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
40 d early
2022
55 d early
2021
73 d early
2020
31 d early
2019
92 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€3k
2023 · €-11k
2019: €14k
2020: €11k
2021: €-17k
2022: €-22k
2023: €-11k
2019 → 2024
Total assets
€24k▲ 118%
2023 · €11k
2019: €25k
2020: €19k
2021: €7k
2022: €15k
2023: €11k
2019 → 2024
Net result
€13k▲ 15.5%
2023 · €12k
2019: €9k
2020: €-4k
2021: €-28k
2022: €-6k
2023: €12k
2019 → 2024
Working capital
€-8k▲ 38.8%
2023 · €-13k
2019: €11k
2020: €8k
2021: €-20k
2022: €-26k
2023: €-13k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€11k-€-17k€-22k▼ 34.2%€-11k▲ 51.7%€3k
Operating result€-2k-€-26k▼ 987%€-5k▲ 82.0%€12k€14k▲ 10.7%
Net result€-4k-€-28k▼ 643%€-6k▲ 79.2%€12k€13k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€11k▲ 336%
Current assets
€13k▲ 55.1%
Equity and liabilities €24k
Equity
€3k
Debt
€21k
Debt finances 89.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€15k▲
2023 · €13k
Cash flow
€14k▲
2023 · €12k
Solvency
10.8%▲
2023 · -100.9%
Current ratio
0.62▲
2023 · 0.39
Quick ratio
0.62▲
2023 · 0.39
Debt / equity
8.22▲
2023 · -1.99
ROE
526.4%
ROA
57.1%▼
2023 · 107.8%
Interest coverage
54.98▲
2023 · 20.02
Debt
€21k▼
2023 · €22k
Debt ≤ 1 year
€21k▼
2023 · €21k
Income taxes
€128▼
2023 · €137
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€11k€24k▲
Fixed assets21/28€2k€11k▲
Tangible fixed assets22/27€2k€11k▲
Plant, machinery and equipment23€336€0▼
Furniture and vehicles24-€9k
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€0-
Current assets29/58€8k€13k▲
Amounts receivable within one year40/41€2k€6k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€113€235▲
Cash at bank and in hand54/58€6k€6k▲
Deferred charges and accrued income490/1€744€427▼
Equity and liabilities
Total equity and liabilities10/49€11k€24k▲
Equity10/15€-11k€3k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-16k€-2k▲
Amounts payable17/49€22k€21k▼
Amounts payable within one year42/48€21k€21k▼
Trade debts44€598€685▲
Suppliers440/4€598€685▲
Taxes, remuneration and social security45€1k€894▼
Taxes450/3€1k€894▼
Other amounts payable47/48€19k€19k▲
Accrued charges and deferred income492/3€425€141▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€658€830▲
Other operating charges640/8€534€571▲
Gross operating margin9900€14k€15k▲
Operating profit (loss)9901€12k€14k▲
Financial income75/76B€2€76▲
Recurring financial income75€2€76▲
Financial charges65/66B€653€265▼
Recurring financial charges65€653€265▼
Profit (loss) for the period before taxes9903€12k€14k▲
Income taxes67/77€137€128▼
Profit (loss) for the period9904€12k€13k▲
Profit (loss) for the period to be appropriated9905€12k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-2k▲
Profit (loss) brought forward from the previous period14P€-27k€-16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €13k ▲15.5%
Operating result €14k, net result €13k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after 3 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB 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, Kortrijk · 1 establishment unit since 2019
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.
Marksesteenweg(Kor) 1028500 KortrijkGround area
125 m²
Building footprint
97 m²
Volume, LiDAR
594 m³
Parcel 34022E0421/00A004, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Verhaal op maat
since 20192.294.291.906
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0421/00A004 | Flanders | 125 m² | 1 · 97 m² | 12.3 m · 2 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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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 10,106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2019
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
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.