TRANSITIONS
ActiveTRANSITIONS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54k and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency6▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.11 against 0.13 in 2023), and 90.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 71
Relative position
BE, all sectors
reference
Sector 71
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
9.7%
Return on assets
3.7%
Age of the figures
23 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 11613 sector peers (2024).
NBB · sector comparisonPosition among 11613 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €54k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 135 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline12-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
1 d early
2023
10 d late
2022
2 d late
2021
2 d late
2020
31 d late
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€54k▲ 61.4%
2023 · €33k
2018: €-222k
2019: €-268k
2020: €95k
2021: €66k
2022: €5k
2023: €33k
2018 → 2024
Total assets
€555k▲ 1.3%
2023 · €548k
2018: €861k
2019: €874k
2020: €887k
2021: €811k
2022: €533k
2023: €548k
2018 → 2024
Net result
€20k▼ 27.2%
2023 · €28k
2018: €-23k
2019: €-47k
2020: €-37k
2021: €-29k
2022: €229k
2023: €28k
2018 → 2024
Working capital
€-177k▼ 30.6%
2023 · €-136k
2018: €-425k
2019: €-545k
2020: €-239k
2021: €-253k
2022: €-80k
2023: €-136k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€66k▼ 30.3%€5k▼ 92.1%€33k▲ 541%€54k▲ 61.4%
Operating result€-15k-€-9k▲ 40.5%€247k€44k▼ 82.1%€35k▼ 21.6%
Net result€-37k-€-29k▲ 21.6%€229k€28k▼ 87.7%€20k▼ 27.2%
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 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €555k
Fixed assets
€533k▲ 0.9%
Current assets
€22k▲ 10.3%
Equity and liabilities €555k
Equity
€54k▲ 61.4%
Debt
€501k▼ 2.6%
The debt ratio falls from 93.9% to 90.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€55k▼
2023 · €59k
Cash flow
€41k▼
2023 · €43k
Solvency
9.7%▲
2023 · 6.1%
Current ratio
0.11▼
2023 · 0.13
Quick ratio
0.11▼
2023 · 0.13
Debt / equity
9.32▼
2023 · 15.45
ROE
38.1%▼
2023 · 84.4%
ROA
3.7%▼
2023 · 5.1%
Interest coverage
3.91▲
2023 · 3.70
Debt
€501k▼
2023 · €515k
Debt ≤ 1 year
€199k▲
2023 · €156k
Debt > 1 year
€302k▼
2023 · €359k
Income taxes
€93▲
2023 · €90
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€548k€555k▲
Fixed assets21/28€528k€533k▲
Tangible fixed assets22/27€528k€533k▲
Land and buildings22€486k€474k▼
Plant, machinery and equipment23€18k€35k▲
Furniture and vehicles24€24k€24k▼
Current assets29/58€20k€22k▲
Amounts receivable within one year40/41€12k€7k▼
Trade receivables40€12k€2k▼
Other amounts receivable41€3€5k▲
Cash at bank and in hand54/58€7k€15k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€548k€555k▲
Equity10/15€33k€54k▲
Contributions10/11€116k€116k=
Capital10€116k€116k=
Issued capital100€129k€129k=
Uncalled capital101€12k€12k=
Reserves13€188€188=
Tax-exempt reserves132€188€188=
Profit (loss) carried forward14€-83k€-63k▲
Amounts payable17/49€515k€501k▼
Amounts payable after more than one year17€359k€302k▼
Financial debts170/4€359k€302k▼
Amounts payable within one year42/48€156k€199k▲
Current portion of amounts payable after more than one year42€55k€57k▲
Trade debts44€660€3k▲
Suppliers440/4€660€3k▲
Taxes, remuneration and social security45€5k€93▼
Taxes450/3€5k€93▼
Other amounts payable47/48€95k€139k▲
Accrued charges and deferred income492/3€64€66▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€62k€58k▼
Operating profit (loss)9901€44k€35k▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€28k€21k▼
Income taxes67/77€90€93▲
Profit (loss) for the period9904€28k€20k▼
Profit (loss) for the period to be appropriated9905€28k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-63k▲
Profit (loss) brought forward from the previous period14P€-111k€-83k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €229k
Net result €229k after 4 loss-making years.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2014
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.
Schepenenstraat 231050 ElseneGround area
187 m²
Building footprint
107 m²
Volume, LiDAR
1,105 m³
Parcel 21443C0187/00W003, Brussels · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Schepenenstraat 23, 1050 Elsene
since 20142.228.544.316
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0187/00W003 | Brussels | 187 m² | 1 · 107 m² | 16.1 m · 4 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
JO COENEN ARCHITECTS & URBANISTS STUDIO BE
BE 0779.487.446
Zandhoven · Eq €54k
M4 ARCHITECTURE
BE 0892.431.672
Braine-l'Alleud · Eq €54k
Hildegard Desmet
BE 0769.737.461
Gent · Eq €54k
FLOMA
BE 0657.942.090
Bierbeek · Eq €54k
Studio Nobel Architecten
BE 0784.948.051
Roeselare · Eq €54k
Of 18,208 companies in sector 71111 we hold annual accounts for 6,291. 5,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2014
Fiscal year end30-09
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.