TrueAlign
ActiveSummary
TrueAlign has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14k and a net result of €11k. Equity is growing by ~160% per year across the filed fiscal years. Its solvency ranks better than 20% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87▲+18
Solvency45▲+11
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.46 in 2023; short-term debt: 80.5% and cash: 13.4% of total assets), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
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
19.5%
Return on assets
14.8%
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 20% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€14k▲ 316%
2023 · €3k
2022: €3k
2023: €3k
2022 → 2024
Total assets
€71k▲ 89.3%
2023 · €38k
2022: €30k
2023: €38k
2022 → 2024
Net result
€11k▲ 7,355%
2023 · €142
2022: €710
2023: €142
2022 → 2024
Working capital
€-9k▲ 51.5%
2023 · €-19k
2022: €-15k
2023: €-19k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€3k-€3k▲ 4.4%€14k▲ 316%
Operating result€1k-€336▼ 70.5%€15k▲ 4,353%
Net result€710-€142▼ 80.0%€11k▲ 7,355%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 4,353% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71k
Fixed assets
€23k ▲ 4.9%
Current assets
€48k ▲ 206%
Equity and liabilities €71k
Equity
€14k ▲ 316%
Debt
€57k ▲ 67.2%
Debt's share of the balance-sheet total falls from 91.1% to 80.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2023 · €4k
Cash flow
€14k▲
2023 · €3k
Current ratio
0.84▲
2023 · 0.46
Debt to equity
4.12▼
2023 · 10.24
ROE
76.0%▲
2023 · 4.2%
ROA
14.8%▲
2023 · 0.4%
Interest coverage
135.18▲
2023 · 26.34
Debt ≤ 1 year
€57k▲
2023 · €34k
Income taxes
€4k▲
2023 · €59
Staff costs
€725▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€38k€71k▲
Fixed assets21/28€22k€23k▲
Tangible fixed assets22/27€22k€23k▲
Land and buildings22€15k€15k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€6k€5k▼
Other tangible fixed assets26-€2k
Current assets29/58€16k€48k▲
Amounts receivable within one year40/41€9k€39k▲
Trade receivables40€9k€38k▲
Other amounts receivable41-€366
Cash at bank and in hand54/58€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€38k€71k▲
Equity10/15€3k€14k▲
Contributions10/11€3k€3k=
Reserves13€852€11k▲
Distributable reserves133€852€11k▲
Amounts payable17/49€34k€57k▲
Amounts payable within one year42/48€34k€57k▲
Trade debts44€1k€15k▲
Suppliers440/4€1k€15k▲
Taxes, remuneration and social security45€5k€14k▲
Taxes450/3€1k€14k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€28k€28k▲
Income statement
Code20232024
Remuneration, social security and pensions62€3k€725▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€132€141▲
Gross operating margin9900€7k€20k▲
Operating profit (loss)9901€336€15k▲
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€135€139▲
Recurring financial charges65€135€139▲
Profit (loss) for the period before taxes9903€201€15k▲
Income taxes67/77€59€4k▲
Profit (loss) for the period9904€142€11k▲
Profit (loss) for the period to be appropriated9905€142€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€142€11k▲
Transfer to equity691/2€142€11k▲
To other reserves6921€142€11k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2022net €11k ▲7355%
Operating result €15k, net result €11k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €142 ▼80%
Net result drops to €142, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalst · 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.
Huizekensstraat 359310 AalstGround area
1,524 m²
Building footprint
182 m²
Volume, LiDAR
493 m³
Parcel 41039B0180/00D000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Huizekensstraat 35, 9310 Aalst
since 20212.324.651.124
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41039B0180/00D000 | Flanders | 1,524 m² | 1 · 182 m² | 6.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,359 EUR awarded · 1,359 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,359 EUR | 1,359 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,264 companies in sector 71113 we hold annual accounts for 658. 453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.