UNDERLINED
ActiveUNDERLINED has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €532k and a net result of €112k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 61% of 16809 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 7.06 against 1.52 in 2024), and 30.3% 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 62
Relative position
BE, all sectors
reference
Sector 62
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
69.7%
Return on assets
14.7%
Age of the figures
14 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 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
27 d late
2023
47 d early
2022
53 d early
2021
24 d early
2020
4 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close09-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€532k▲ 26.8%
2024 · €419k
2019: €196k
2020: €187k
2021: €201k
2022: €237k
2023: €362k
2024: €419k
2019 → 2025
Total assets
€763k▼ 1.6%
2024 · €776k
2019: €213k
2020: €320k
2021: €616k
2022: €537k
2023: €662k
2024: €776k
2019 → 2025
Net result
€112k▼ 28.5%
2024 · €157k
2019: €68k
2020: €115k
2021: €120k
2022: €126k
2023: €155k
2024: €157k
2019 → 2025
Working capital
€176k▲ 154%
2024 · €69k
2019: €182k
2020: €165k
2021: €35k
2022: €64k
2023: €190k
2024: €69k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€201k-€237k▲ 17.6%€362k▲ 52.8%€419k▲ 15.8%€532k▲ 26.8%
Operating result€157k-€164k▲ 4.4%€203k▲ 23.7%€205k▲ 1.0%€158k▼ 23.1%
Net result€120k-€126k▲ 5.1%€155k▲ 23.6%€157k▲ 1.3%€112k▼ 28.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €763k
Fixed assets
€559k▼ 2.5%
Current assets
€205k▲ 0.8%
Equity and liabilities €763k
Equity
€532k▲ 26.8%
Debt
€231k▼ 35.1%
The debt ratio falls from 46.0% to 30.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€194k▼
2024 · €253k
Cash flow
€148k▼
2024 · €205k
Solvency
69.7%▲
2024 · 54.0%
Current ratio
7.06▲
2024 · 1.52
Quick ratio
7.06▲
2024 · 1.52
Debt / equity
0.44▼
2024 · 0.85
ROE
21.1%▼
2024 · 37.5%
ROA
14.7%▼
2024 · 20.3%
Interest coverage
12.39▼
2024 · 88.61
Debt
€231k▼
2024 · €357k
Debt ≤ 1 year
€29k▼
2024 · €134k
Debt > 1 year
€202k▼
2024 · €223k
Income taxes
€31k▼
2024 · €46k
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€776k€763k▼
Fixed assets21/28€573k€559k▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€573k€559k▼
Land and buildings22€536k€532k▼
Furniture and vehicles24€36k€27k▼
Other tangible fixed assets26€460€460=
Financial fixed assets28€0-
Current assets29/58€203k€205k▲
Amounts receivable within one year40/41€58k€61k▲
Trade receivables40€45k€38k▼
Other amounts receivable41€13k€23k▲
Current investments50/53-€7k
Cash at bank and in hand54/58€145k€137k▼
Deferred charges and accrued income490/1€191€0▼
Equity and liabilities
Total equity and liabilities10/49€776k€763k▼
Equity10/15€419k€532k▲
Contributions10/11€19k€19k=
Reserves13€401k€513k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€24k€24k=
Distributable reserves133€377k€489k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€357k€231k▼
Amounts payable after more than one year17€223k€202k▼
Financial debts170/4€223k€202k▼
Amounts payable within one year42/48€134k€29k▼
Current portion of amounts payable after more than one year42€20k€20k▲
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Other amounts payable47/48€101k€52▼
Accrued charges and deferred income492/3€345€345=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€36k▼
Other operating charges640/8€6k€7k▲
Gross operating margin9900€259k€200k▼
Operating profit (loss)9901€205k€158k▼
Financial income75/76B€262€1k▲
Recurring financial income75€262€1k▲
Financial charges65/66B€3k€16k▲
Recurring financial charges65€3k€16k▲
Profit (loss) for the period before taxes9903€203k€144k▼
Income taxes67/77€46k€31k▼
Profit (loss) for the period9904€157k€112k▼
Profit (loss) for the period to be appropriated9905€157k€112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€112k▼
Transfer to equity691/2€57k€112k▲
To other reserves6921€57k€112k▲
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity times 5current ratio 7.06
Current ratio from 1.52 to 7.06; short-term debt falls from €134k to €29k.
30-06
Financial
Equity above €500kEq €532k ▲26.8%
7 profitable years in a row build equity to €532k.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Highest result since 2019net €157k ▲1.3%
Operating result €205k, net result €157k, both a record.
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 2.73
Current ratio from 1.26 to 2.73; short-term debt falls from €132k to €37k.
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €201k ▲7.8%
3 profitable years in a row build equity to €201k.
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
1 director, last change in 2024
Fiems Rosaline
CurrentDirector · since 29-04-2024
29-04-2024
Appointed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2013
Ground area
430 m²
Building footprint
416 m²
Volume, LiDAR
5,330 m³
2 parcels, Flanders · tallest building 20.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
UNDERLINED
since 20132.223.362.140
UNDERLINED
since 20162.251.244.096
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2537/00F005 | Flanders | 348 m² | 1 · 347 m² | 20.2 m · 4 fl. |
| 44432C1076/00X002 | Flanders | 82 m² | 1 · 68 m² | 10.0 m · 3 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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Of 16,798 companies in sector 62100 we hold annual accounts for 8,744. 5,337 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-09-2013
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.