VITAE MEMORIAM
ActiveVITAE MEMORIAM has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314k and a net result of €48k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 265 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+13
Solvency78▲+10
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.85 in 2024; short-term debt: 36.1% and cash: 33.5% of total assets), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
53.3%
Return on assets
8.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
5 d late
2023
77 d late
2022
3 d early
2021
5 d early
2020
8 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€314k▲ 18.0%
2024 · €267k
2018: €112k
2019: €98k
2020: €169k
2021: €177k
2022: €215k
2023: €279k
2024: €267k
2018 → 2025
Total assets
€590k▼ 4.0%
2024 · €615k
2018: €439k
2019: €568k
2020: €608k
2021: €538k
2022: €520k
2023: €623k
2024: €615k
2018 → 2025
Net result
€48k
2024 · €-13k
2018: €24k
2019: €-13k
2020: €71k
2021: €8k
2022: €38k
2023: €65k
2024: €-13k
2018 → 2025
Working capital
€265k▲ 21.7%
2024 · €218k
2018: €-52k
2019: €126k
2020: €190k
2021: €205k
2022: €228k
2023: €249k
2024: €218k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€177k-€215k▲ 21.3%€279k▲ 30.2%€267k▼ 4.6%€314k▲ 18.0%
Operating result€20k-€56k▲ 181%€88k▲ 56.7%€4k▼ 95.3%€80k▲ 1,855%
Net result€8k-€38k▲ 381%€65k▲ 71.7%€-13k€48k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,855% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €590k
Fixed assets
€112k▼ 19.9%
Current assets
€478k▲ 0.7%
Equity and liabilities €590k
Equity
€314k▲ 18.0%
Debt
€276k▼ 20.8%
The debt ratio falls from 56.7% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€129k▲
2024 · €51k
Cash flow
€97k▲
2024 · €34k
Solvency
53.3%▲
2024 · 43.3%
Current ratio
2.24▲
2024 · 1.85
Quick ratio
1.71▲
2024 · 1.50
Debt / equity
0.88▼
2024 · 1.31
ROE
15.2%▲
2024 · -4.8%
ROA
8.1%▲
2024 · -2.1%
Interest coverage
19.00▲
2024 · 6.30
Debt
€276k▼
2024 · €348k
Debt ≤ 1 year
€213k▼
2024 · €257k
Debt > 1 year
€63k▼
2024 · €90k
Income taxes
€25k▲
2024 · €13k
Staff costs
€649k▲
2024 · €506k
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€615k€590k▼
Fixed assets21/28€140k€112k▼
Intangible fixed assets21€19k€16k▼
Tangible fixed assets22/27€120k€97k▼
Plant, machinery and equipment23€57k€36k▼
Furniture and vehicles24€18k€22k▲
Other tangible fixed assets26€45k€38k▼
Financial fixed assets28€1k€0▼
Current assets29/58€475k€478k▲
Stocks and contracts in progress3€90k€114k▲
Stocks30/36€90k€114k▲
Amounts receivable within one year40/41€218k€130k▼
Trade receivables40€111k€130k▲
Other amounts receivable41€107k€6▼
Current investments50/53€10k€25k▲
Cash at bank and in hand54/58€149k€197k▲
Deferred charges and accrued income490/1€8k€12k▲
Equity and liabilities
Total equity and liabilities10/49€615k€590k▼
Equity10/15€267k€314k▲
Contributions10/11€19k€19k=
Reserves13€248k€296k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€246k€294k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€348k€276k▼
Amounts payable after more than one year17€90k€63k▼
Financial debts170/4€90k€63k▼
Amounts payable within one year42/48€257k€213k▼
Current portion of amounts payable after more than one year42€37k€27k▼
Financial debts43€8k€20k▲
Credit institutions430/8€8k€20k▲
Trade debts44€160k€84k▼
Suppliers440/4€160k€84k▼
Taxes, remuneration and social security45€48k€81k▲
Taxes450/3€383€23k▲
Remuneration and social security454/9€47k€58k▲
Other amounts payable47/48€4k€858▼
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€506k€649k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€49k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€606€0▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€561k€781k▲
Operating profit (loss)9901€4k€80k▲
Financial income75/76B€4k€135▼
Recurring financial income75€4k€135▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€206€73k▲
Income taxes67/77€13k€25k▲
Profit (loss) for the period9904€-13k€48k▲
Profit (loss) for the period to be appropriated9905€-13k€48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€48k▲
Profit (loss) brought forward from the previous period14P€151€0▼
Transfer from equity791/2€13k€0▼
Transfer to equity691/2€0€48k▲
To other reserves6921€0€48k▲
Social balance
Average headcount (FTE)90878.210.5▲
The notes to these accounts (22 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 77 days late
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €215k ▲21.3%
3 profitable years in a row build equity to €215k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €71k
Net result €71k after one loss-making year.
31-12
Financial
Equity above €150kEq €169k ▲71.9%
Equity rises from €98k to €169k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-13k ▼154%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.55
Current ratio from 0.74 to 1.55.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
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.
Directors · office · real estate
Directors
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.
Location & real-estate footprint
Registered office, Schilde · 1 establishment unit since 2005
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.
Drijhoekdreef 162970 SchildeGround area
2,379 m²
Building footprint
557 m²
Volume, LiDAR
2,822 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VITAE MEMORIAM
since 20052.148.092.219
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11922B0037/00G000 | Flanders | 2,043 m² | 1 · 294 m² | 9.1 m · 2 fl. |
| 11039D0182/00D002 | Flanders | 336 m² | 1 · 263 m² | 9.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 765 EUR awarded · 765 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 765 EUR | 765 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 674 companies in sector 23410 we hold annual accounts for 47. 25 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-2005
Fiscal year end31-12
Activities, NACEBEL
23410Manufacture of ceramic household and ornamental articles
23450Manufacture of other non-metallic mineral products
26211
26250
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.