TUBE ACCESS
ActiveTUBE ACCESS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €164k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 61% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency81▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 2.38 in 2024; short-term debt: 29.6% and cash: 17.9% of total assets), and 44.5% 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 · 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
55.5%
Return on assets
6.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
27 d late
2022
16 d late
2021
31 d late
2020
18 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€164k▼ 17.5%
2024 · €199k
2018: €42k
2019: €93k
2020: €175k
2021: €144k
2022: €113k
2023: €220k
2024: €199k
2018 → 2025
Working capital
€1.60M▲ 13.3%
2024 · €1.41M
2018: €339k
2019: €659k
2020: €826k
2021: €1.17M
2022: €1.08M
2023: €1.23M
2024: €1.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€647k-€760k▲ 17.5%€981k▲ 29.0%€1.18M▲ 20.3%€1.34M▲ 13.9%
Operating result€215k-€213k▼ 0.5%€367k▲ 71.9%€315k▼ 14.3%€255k▼ 18.9%
Net result€144k-€113k▼ 21.0%€220k▲ 94.1%€199k▼ 9.7%€164k▼ 17.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.42M
Fixed assets
€107k▼ 35.3%
Current assets
€2.31M▼ 4.9%
Equity and liabilities €2.42M
Equity
€1.34M▲ 13.9%
Debt
€1.08M▼ 24.1%
The debt ratio falls from 54.6% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€322k▼
2024 · €382k
Cash flow
€231k▼
2024 · €267k
Solvency
55.5%▲
2024 · 45.4%
Current ratio
3.23▲
2024 · 2.38
Quick ratio
2.24▲
2024 · 1.68
Debt / equity
0.80▼
2024 · 1.20
ROE
12.2%▼
2024 · 16.9%
ROA
6.8%▼
2024 · 7.7%
Interest coverage
11.76▼
2024 · 13.33
Debt
€1.08M▼
2024 · €1.42M
Debt ≤ 1 year
€716k▼
2024 · €1.02M
Debt > 1 year
€360k▼
2024 · €389k
Income taxes
€77k▼
2024 · €96k
Staff costs
€346k▲
2024 · €283k
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€2.60M€2.42M▼
Fixed assets21/28€165k€107k▼
Intangible fixed assets21€12k€9k▼
Tangible fixed assets22/27€153k€98k▼
Plant, machinery and equipment23€5k€410▼
Furniture and vehicles24€79k€53k▼
Leasing and similar rights25€18k€3k▼
Other tangible fixed assets26€51k€41k▼
Financial fixed assets28€160€160=
Current assets29/58€2.43M€2.31M▼
Stocks and contracts in progress3€718k€708k▼
Stocks30/36€718k€708k▼
Amounts receivable within one year40/41€1.04M€1.17M▲
Trade receivables40€891k€1.00M▲
Other amounts receivable41€147k€166k▲
Cash at bank and in hand54/58€676k€433k▼
Deferred charges and accrued income490/1€655€4k▲
Equity and liabilities
Total equity and liabilities10/49€2.60M€2.42M▼
Equity10/15€1.18M€1.34M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€543k€707k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€533k€697k▲
Profit (loss) carried forward14€537k€537k=
Amounts payable17/49€1.42M€1.08M▼
Amounts payable after more than one year17€389k€360k▼
Financial debts170/4€29k-
Other amounts payable178/9€360k€360k=
Amounts payable within one year42/48€1.02M€716k▼
Current portion of amounts payable after more than one year42€63k€35k▼
Trade debts44€538k€470k▼
Suppliers440/4€538k€470k▼
Taxes, remuneration and social security45€246k€138k▼
Taxes450/3€191k€74k▼
Remuneration and social security454/9€55k€63k▲
Other amounts payable47/48€176k€74k▼
Accrued charges and deferred income492/3€7k€747▼
Income statement
Code20242025
Remuneration, social security and pensions62€283k€346k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€67k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€106k€96k▼
Other operating charges640/8€18k€7k▼
Gross operating margin9900€789k€771k▼
Operating profit (loss)9901€315k€255k▼
Financial income75/76B€9k€13k▲
Recurring financial income75€9k€13k▲
Financial charges65/66B€29k€27k▼
Recurring financial charges65€29k€27k▼
Profit (loss) for the period before taxes9903€295k€241k▼
Income taxes67/77€96k€77k▼
Profit (loss) for the period9904€199k€164k▼
Profit (loss) for the period to be appropriated9905€199k€164k▼
Appropriation of the result
Profit (loss) to be appropriated9906€736k€701k▼
Profit (loss) brought forward from the previous period14P€537k€537k=
Transfer to equity691/2€199k€164k▼
To other reserves6921€199k€164k▼
Social balance
Average headcount (FTE)90878.310.2▲
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Equity above €1MEq €1.18M ▲20.3%
7 profitable years in a row build equity to €1.18M.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Highest result since 2018net €220k ▲94.1%
Operating result €367k, net result €220k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €500kEq €503k ▲53.4%
3 profitable years in a row build equity to €503k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €200kEq €328k ▲114%
2 profitable years in a row build equity to €328k.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2015
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
23-06-2015
Resigned as Managing director
Location & real-estate footprint
Registered office, Grâce-Hollogne · 2 establishment units since 2011
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.
Rue de l'Expansion 154460 Grâce-HollogneGround area
5,309 m²
Building footprint
2,207 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
TUBE ACCESS SA
since 20112.204.092.594
Rue de l'Eperonnerie 21, 4041 Herstal
since 20212.372.383.339
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62071A0078/00F002 | Wallonia | 3,210 m² | 1 · 1,570 m² | - |
| 62046A0135/00H002 | Wallonia | 2,099 m² | 1 · 637 m² | - |
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.
Similar companies · same sector, comparable size
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STAAL SERVICE VLAANDEREN
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Sanders Aanrijbeveiligingen
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CONTIMET
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Of 732 companies in sector 46820 we hold annual accounts for 387. 287 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-09-2011
Fiscal year end31-12
Activities, NACEBEL
46820Wholesale trade
46842Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.