TRANSITIVE MANAGEMENT
ActiveTRANSITIVE MANAGEMENT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.64M and a net result of €976k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 75% of 3161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 5.11 against 5.68 in 2024), and 18.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.1%
Return on assets
30%
Age of the figures
11 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
1 d early
2023
41 d early
2022
39 d early
2021
43 d early
2020
21 d early
2019
41 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€976k▲ 51.7%
2024 · €643k
2018: €8k
2019: €102k
2020: €73k
2021: €147k
2022: €69k
2023: €285k
2024: €643k
2018 → 2025
Working capital
€2.52M▲ 65.5%
2024 · €1.52M
2018: €374k
2019: €436k
2020: €496k
2021: €508k
2022: €591k
2023: €892k
2024: €1.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€662k-€731k▲ 10.5%€1.02M▲ 39.0%€1.66M▲ 63.3%€2.64M▲ 58.8%
Operating result€322k-€207k▼ 35.8%€506k▲ 144%€945k▲ 86.7%€1.44M▲ 52.0%
Net result€147k-€69k▼ 52.9%€285k▲ 311%€643k▲ 126%€976k▲ 51.7%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 52% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.25M
Fixed assets
€112k▼ 17.8%
Current assets
€3.14M▲ 69.5%
Equity and liabilities €3.25M
Equity
€2.64M▲ 58.8%
Debt
€614k▲ 87.1%
The debt ratio rises from 16.5% to 18.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.46M▲
2024 · €970k
Cash flow
€1.00M▲
2024 · €668k
Solvency
81.1%▼
2024 · 83.5%
Current ratio
5.11▼
2024 · 5.68
Quick ratio
5.11▼
2024 · 5.68
Debt / equity
0.23▲
2024 · 0.20
ROE
37.0%▼
2024 · 38.8%
ROA
30.0%▼
2024 · 32.4%
Interest coverage
686.15▲
2024 · 364.11
Debt
€614k▲
2024 · €328k
Debt ≤ 1 year
€614k▲
2024 · €326k
Income taxes
€469k▲
2024 · €304k
Staff costs
€30k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.99M€3.25M▲
Fixed assets21/28€137k€112k▼
Tangible fixed assets22/27€137k€112k▼
Land and buildings22€106k€93k▼
Furniture and vehicles24€25k€14k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€161€161=
Current assets29/58€1.85M€3.14M▲
Amounts receivable within one year40/41€693k€1.01M▲
Trade receivables40€654k€956k▲
Other amounts receivable41€39k€52k▲
Current investments50/53€200k-
Cash at bank and in hand54/58€955k€2.13M▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.99M€3.25M▲
Equity10/15€1.66M€2.64M▲
Contributions10/11€21k€21k=
Reserves13€1.31M€2.28M▲
Distributable reserves133€1.31M€2.28M▲
Profit (loss) carried forward14€330k€331k▲
Amounts payable17/49€328k€614k▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€326k€614k▲
Current portion of amounts payable after more than one year42€15k€2k▼
Trade debts44€259k€371k▲
Suppliers440/4€259k€371k▲
Taxes, remuneration and social security45€1k€223k▲
Taxes450/3€1k€219k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€51k€18k▼
Accrued charges and deferred income492/3€363€247▼
Income statement
Code20242025
Remuneration, social security and pensions62-€30k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€28k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€20k
Other operating charges640/8€4k€7k▲
Gross operating margin9900€975k€1.52M▲
Operating profit (loss)9901€945k€1.44M▲
Financial income75/76B€5k€11k▲
Recurring financial income75€5k€11k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€947k€1.44M▲
Income taxes67/77€304k€469k▲
Profit (loss) for the period9904€643k€976k▲
Profit (loss) for the period to be appropriated9905€643k€976k▲
Appropriation of the result
Profit (loss) to be appropriated9906€972k€1.31M▲
Profit (loss) brought forward from the previous period14P€329k€330k▲
Transfer to equity691/2€642k€975k▲
To other reserves6921€642k€975k▲
Social balance
Average headcount (FTE)9087-0.7
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Highest result since 2018net €976k ▲51.7%
Operating result €1.44M, net result €976k, both a record.
30-09
Financial
Equity above €2MEq €2.64M ▲58.8%
8 profitable years in a row build equity to €2.64M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Liquidity triplescurrent ratio 5.68
Current ratio from 2.27 to 5.68; short-term debt falls from €701k to €326k.
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Equity above €1MEq €1.02M ▲39%
6 profitable years in a row build equity to €1.02M.
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Equity above €500kEq €515k ▲16.6%
3 profitable years in a row build equity to €515k.
20-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 3 days late
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, La Hulpe · 1 establishment unit since 2009
Ground area
1,893 m²
Building footprint
142 m²
Volume, LiDAR
826 m³
Parcel 25050D0048/00B002, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Emile Semal 40, 1310 La Hulpe
since 20092.178.433.225
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050D0048/00B002 | Wallonia | 1,893 m² | 1 · 141 m² | 7.4 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 82,201 companies in sector 70200 we hold annual accounts for 52,400. 17,063 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2009
Fiscal year end30-09
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.