VOCABASE
ActiveVOCABASE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €75k and a net result of €21k. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 19% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+78
Solvency24▲+10
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.56 against 0.55 in 2023), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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
23.6%
Return on assets
6.5%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 20785 sector peers (2024).
NBB · sector comparisonPosition among 20785 sector peers
Solvency
better than 19%
← weakest
strongest →
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
33 d early
2022
47 d early
2021
62 d early
2020
54 d early
2019
63 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€487k
EBIT margin
2.9%
Net result
€21k
2023 · €-45k
2018: €17k
2019: €13k
2020: €57k
2021: €16k
2022: €-43k
2023: €-45k
2018 → 2024
Working capital
€-104k▼ 0.4%
2023 · €-104k
2018: €-32k
2019: €-30k
2020: €-6k
2021: €-8k
2022: €-60k
2023: €-104k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€487k
Equity€126k-€142k▲ 12.7%€99k▼ 30.0%€55k▼ 45.0%€75k▲ 38.0%
Operating result€57k-€16k▼ 71.2%€-42k€-44k▼ 5.1%€14k
Net result€57k-€16k▼ 71.8%€-43k€-45k▼ 4.9%€21k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14k after a loss of €44k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €319k
Fixed assets
€185k▲ 13.0%
Current assets
€134k▲ 7.3%
Equity and liabilities €319k
Equity
€75k▲ 38.0%
Debt
€244k▲ 4.1%
The debt ratio falls from 81.1% to 76.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€85k▲
2023 · €19k
Cash flow
€91k▲
2023 · €19k
Solvency
23.6%▲
2023 · 18.9%
Current ratio
0.56▲
2023 · 0.55
Quick ratio
0.56▲
2023 · 0.55
Debt / equity
3.23▼
2023 · 4.29
ROE
27.5%▲
2023 · -81.9%
ROA
6.5%▲
2023 · -15.5%
Interest coverage
81.14▲
2023 · 39.33
Debt
€244k▲
2023 · €234k
Debt ≤ 1 year
€238k▲
2023 · €229k
Staff costs
€89k▲
2023 · €67k
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€289k€319k▲
Fixed assets21/28€163k€185k▲
Intangible fixed assets21€157k€180k▲
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€2k€2k=
Current assets29/58€125k€134k▲
Stocks and contracts in progress3€565€565=
Stocks30/36€565€565=
Amounts receivable within one year40/41€96k€129k▲
Trade receivables40€96k€129k▲
Cash at bank and in hand54/58€28k€3k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€289k€319k▲
Equity10/15€55k€75k▲
Contributions10/11€100k€100k=
Reserves13€10k€10k=
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Profit (loss) carried forward14€-55k€-35k▲
Amounts payable17/49€234k€244k▲
Amounts payable within one year42/48€229k€238k▲
Trade debts44€39k€46k▲
Suppliers440/4€39k€46k▲
Taxes, remuneration and social security45€15k€17k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€175k€175k=
Accrued charges and deferred income492/3€5k€5k▲
Income statement
Code20232024
Turnover70-€487k
Goods, raw materials, services and sundry goods60/61-€313k
Remuneration, social security and pensions62€67k€89k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€71k▲
Other operating charges640/8€11k€1k▼
Gross operating margin9900€97k€174k▲
Operating profit (loss)9901€-44k€14k▲
Financial income75/76B€58€10k▲
Recurring financial income75€58€134▲
Non-recurring financial income76B-€9k
Financial charges65/66B€494€3k▲
Recurring financial charges65€494€1k▲
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-45k€21k▲
Profit (loss) for the period9904€-45k€21k▲
Profit (loss) for the period to be appropriated9905€-45k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-55k€-35k▲
Profit (loss) brought forward from the previous period14P€-11k€-55k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-45k
Net result drops to €-45k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €57k ▲350%
Operating result €57k, net result €57k, both a record.
31-12
Financial
Equity above €100kEq €126k ▲81.7%
3 profitable years in a row build equity to €126k.
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
02-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Tubize · 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.
Avenue Léon Champagne 21480 TubizeGround area
4,171 m²
Building footprint
1,043 m²
Volume, LiDAR
8,242 m³
Parcel 25097C0563/00V000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue Léon Champagne 2, 1480 Tubize
since 20012.098.604.304
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0563/00V000 | Wallonia | 4,171 m² | 1 · 1,043 m² | 10.9 m · 3 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.
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Of 16,868 companies in sector 62100 we hold annual accounts for 8,779. 6,947 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-08-2001
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.