TO THE WIRE
ActiveTO THE WIRE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38k and a net result of €20k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
63
/ 100
Healthy▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency44▼-28
Growth78▲+26
Stability94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.52 in 2023), and 70.9% 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.
+raises risk○neutral
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
29.1%
Return on assets
15.5%
Age of the figures
20 mo
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 16-07-2025, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
30 d late
2022
11 d early
2021
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€38k▼ 19.8%
2023 · €48k
2021: €20k
2022: €38k
2023: €48k
2021 → 2024
Total assets
€132k▲ 7.9%
2023 · €122k
2021: €29k
2022: €131k
2023: €122k
2021 → 2024
Net result
€20k▲ 108%
2023 · €10k
2021: €19k
2022: €19k
2023: €10k
2021 → 2024
Working capital
€-3k
2023 · €21k
2021: €18k
2022: €17k
2023: €21k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€20k-€38k▲ 88.6%€48k▲ 25.9%€38k▼ 19.8%
Operating result€24k-€26k▲ 8.2%€-14k€26k
Net result€19k-€19k▼ 1.6%€10k▼ 47.2%€20k▲ 108%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26k after a loss of €14k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132k
Fixed assets
€63k▲ 4.8%
Current assets
€69k▲ 10.8%
Equity and liabilities €132k
Equity
€38k▼ 19.8%
Debt
€94k▲ 25.7%
The debt ratio rises from 60.8% to 70.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€43k▲
2023 · €-2k
Cash flow
€38k▲
2023 · €22k
Solvency
29.1%▼
2023 · 39.2%
Current ratio
0.96▼
2023 · 1.52
Quick ratio
0.87▼
2023 · 1.52
Debt / equity
2.44▲
2023 · 1.55
ROE
53.4%▲
2023 · 20.6%
ROA
15.5%▲
2023 · 8.1%
Interest coverage
61.36▲
2023 · -2.45
Debt
€94k▲
2023 · €74k
Debt ≤ 1 year
€72k▲
2023 · €41k
Debt > 1 year
€21k▼
2023 · €33k
Income taxes
€6k▲
2023 · €4k
Staff costs
€-353▼
2023 · €1k
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€122k€132k▲
Fixed assets21/28€60k€63k▲
Intangible fixed assets21-€15k
Tangible fixed assets22/27€60k€48k▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€57k€45k▼
Current assets29/58€62k€69k▲
Amounts receivable after more than one year29€23k€23k=
Other amounts receivable291€23k€23k=
Stocks and contracts in progress3-€6k
Stocks30/36-€6k
Amounts receivable within one year40/41€32k€16k▼
Trade receivables40€32k€11k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€7k€23k▲
Deferred charges and accrued income490/1€609€633▲
Equity and liabilities
Total equity and liabilities10/49€122k€132k▲
Equity10/15€48k€38k▼
Contributions10/11€2k€2k=
Reserves13€46k€36k▼
Distributable reserves133€46k€36k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€74k€94k▲
Amounts payable after more than one year17€33k€21k▼
Financial debts170/4€33k€21k▼
Amounts payable within one year42/48€41k€72k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€5k€28k▲
Suppliers440/4€5k€28k▲
Taxes, remuneration and social security45€23k€939▼
Taxes450/3€16k€939▼
Remuneration and social security454/9€7k€0▼
Other amounts payable47/48€1k€32k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1k€-353▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€17k▲
Other operating charges640/8€195€679▲
Non-recurring operating charges66A€26k€0▼
Gross operating margin9900€25k€43k▲
Operating profit (loss)9901€-14k€26k▲
Financial income75/76B€29k€910▼
Recurring financial income75€0€910▲
Non-recurring financial income76B€29k€0▼
Financial charges65/66B€890€703▼
Recurring financial charges65€890€703▼
Profit (loss) for the period before taxes9903€13k€26k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€10k€20k▲
Profit (loss) for the period to be appropriated9905€10k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€20k▲
Transfer from equity791/2-€30k
Transfer to equity691/2€10k€20k▲
To other reserves6921€10k€20k▲
Profit to be distributed694/7€0€30k▲
Return on contributions (dividend)694€0€30k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €20k ▲108%
Operating result €26k, net result €20k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €10k ▼47.2%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Zwalm · 1 establishment unit since 2021
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.
Veldstraat(Munk) 269630 ZwalmGround area
2,897 m²
Building footprint
293 m²
Volume, LiDAR
1,197 m³
2 parcels, Flanders, Wallonia · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TO THE WIRE
since 20212.312.435.062
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51019E0302/00E000 | Wallonia | 2,021 m² | 1 · 112 m² | 5.0 m · 1 fl. |
| 45027B0464/00K000 | Flanders | 877 m² | 1 · 181 m² | 8.3 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.
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DBS
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Of 13,391 companies in sector 73300 we hold annual accounts for 6,881. 5,336 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2021
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
27120Manufacture of electrical equipment
43211General electrical installation work
62010Computer programming, consultancy and related activities
62100Computer programming
71121Engineering and related technical consultancy, excluding land surveyors
74109Other professional, scientific and technical activities
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.