VBE
ActiveVBE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209k and a net result of €-21k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
70
/ 100
Healthy▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-2
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 8.44 against 6.64 in 2023), and 18.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
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
81.5%
Return on assets
-8.2%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
30 d early
2022
24 d early
2021
25 d early
2020
32 d early
2019
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€209k▼ 13.8%
2023 · €242k
2018: €290k
2019: €287k
2020: €306k
2021: €302k
2022: €262k
2023: €242k
2018 → 2024
Total assets
€256k▼ 5.7%
2023 · €272k
2018: €379k
2019: €303k
2020: €336k
2021: €379k
2022: €351k
2023: €272k
2018 → 2024
Net result
€-21k
2023 · €1k
2018: €22k
2019: €-3k
2020: €20k
2021: €-2k
2022: €3k
2023: €1k
2018 → 2024
Working capital
€175k▲ 4.6%
2023 · €167k
2018: €228k
2019: €235k
2020: €271k
2021: €195k
2022: €189k
2023: €167k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€306k-€302k▼ 1.3%€262k▼ 13.2%€242k▼ 7.7%€209k▼ 13.8%
Operating result€29k-€11k▼ 62.3%€2k▼ 81.1%€2k▼ 20.3%€-22k
Net result€20k-€-2k€3k€1k▼ 60.9%€-21k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €22k after €2k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €256k
Fixed assets
€58k▼ 23.0%
Current assets
€199k▲ 0.8%
Equity and liabilities €256k
Equity
€209k▼ 13.8%
Debt
€47k▲ 60.0%
The debt ratio rises from 10.9% to 18.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€740▼
2023 · €23k
Cash flow
€2k▼
2023 · €23k
Solvency
81.5%▼
2023 · 89.1%
Current ratio
8.44▲
2023 · 6.64
Quick ratio
7.95▲
2023 · 6.18
Debt / equity
0.23▲
2023 · 0.12
ROE
-10.1%▼
2023 · 0.5%
ROA
-8.2%▼
2023 · 0.4%
Interest coverage
13.92▼
2023 · 572.99
Debt
€47k▲
2023 · €30k
Debt ≤ 1 year
€24k▼
2023 · €30k
Income taxes
€440▼
2023 · €2k
Staff costs
€934▲
2023 · €632
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€272k€256k▼
Fixed assets21/28€75k€58k▼
Tangible fixed assets22/27€75k€58k▼
Furniture and vehicles24€75k€58k▼
Financial fixed assets28€124€124=
Current assets29/58€197k€199k▲
Stocks and contracts in progress3€13k€12k▼
Stocks30/36€13k€12k▼
Amounts receivable within one year40/41€50k€32k▼
Trade receivables40€35k€24k▼
Other amounts receivable41€15k€8k▼
Cash at bank and in hand54/58€127k€148k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€272k€256k▼
Equity10/15€242k€209k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€101k€89k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€95k€83k▼
Profit (loss) carried forward14€79k€58k▼
Amounts payable17/49€30k€47k▲
Amounts payable within one year42/48€30k€24k▼
Financial debts43€530-
Credit institutions430/8€530-
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€3k€3k=
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€21k€12k▼
Accrued charges and deferred income492/3-€24k
Income statement
Code20232024
Non-recurring operating income76A€17k-
Remuneration, social security and pensions62€632€934▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€8k-
Gross operating margin9900€34k€3k▼
Operating profit (loss)9901€2k€-22k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€41€53▲
Recurring financial charges65€41€53▲
Profit (loss) for the period before taxes9903€4k€-21k▼
Income taxes67/77€2k€440▼
Profit (loss) for the period9904€1k€-21k▼
Profit (loss) for the period to be appropriated9905€1k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€58k▼
Profit (loss) brought forward from the previous period14P€79k€79k▲
Transfer from equity791/2€21k€12k▼
Profit to be distributed694/7€21k€12k▼
Return on contributions (dividend)694€21k€12k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-21k ▼1868%
Net result drops to €-21k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.64
Current ratio from 3.24 to 6.64; short-term debt falls from €84k to €30k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 15.75
Current ratio from 3.58 to 15.75; short-term debt falls from €89k to €16k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Etterbeek · 1 establishment unit since 2001
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.
Baron Lambertstraat 191040 EtterbeekGround area
247 m²
Building footprint
241 m²
Volume, LiDAR
1,113 m³
Parcel 21364B0006/00L010, Brussels · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
VBE
since 20012.094.178.332
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0006/00L010 | Brussels | 247 m² | 1 · 241 m² | 12.4 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryVBE SA26673
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Of 22,729 companies in sector 43211 we hold annual accounts for 10,274. 8,165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-11-2000
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43990Other specialised construction activities
43999Specialised construction activities
45250
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.