Volatile
ActiveVolatile has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44k and a net result of €-12k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 22% of 9039 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability25▼-49
Solvency43▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.18 in 2023; short-term debt: 44.5% and cash: 7.7% of total assets), and 81.7% 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.
+raises risk○neutral
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
18.3%
Return on assets
-4.8%
Age of the figures
21 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9039 sector peers (2024).
NBB · sector comparisonPosition among 9039 sector peers
Solvency
better than 22%
← 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 22-07-2025, 9 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
34 d early
2022
3 d early
2021
45 d early
2020
33 d early
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€44k▼ 21.0%
2023 · €55k
2018: €32k
2019: €34k
2020: €40k
2021: €51k
2022: €43k
2023: €55k
2018 → 2024
Total assets
€239k▲ 29.7%
2023 · €184k
2018: €117k
2019: €217k
2020: €187k
2021: €190k
2022: €182k
2023: €184k
2018 → 2024
Net result
€-12k
2023 · €12k
2018: €12k
2019: €3k
2020: €7k
2021: €12k
2022: €2k
2023: €12k
2018 → 2024
Working capital
€-20k
2023 · €14k
2018: €29k
2019: €24k
2020: €33k
2021: €43k
2022: €29k
2023: €14k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€40k-€51k▲ 27.5%€43k▼ 15.9%€55k▲ 29.0%€44k▼ 21.0%
Operating result€9k-€16k▲ 86.5%€6k▼ 64.9%€20k▲ 258%€-7k
Net result€7k-€12k▲ 68.8%€2k▼ 84.0%€12k▲ 557%€-12k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €7k after €20k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €239k
Fixed assets
€152k▲ 68.4%
Current assets
€87k▼ 7.7%
Equity and liabilities €239k
Equity
€44k▼ 21.0%
Debt
€195k▲ 51.3%
The debt ratio rises from 70.0% to 81.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€9k▼
2023 · €29k
Cash flow
€5k▼
2023 · €21k
Solvency
18.3%▼
2023 · 30.0%
Current ratio
0.81▼
2023 · 1.18
Quick ratio
0.42▼
2023 · 0.45
Debt / equity
4.47▲
2023 · 2.34
ROE
-26.5%▼
2023 · 22.5%
ROA
-4.8%▼
2023 · 6.7%
Interest coverage
1.49▼
2023 · 5.61
Debt
€195k▲
2023 · €129k
Debt ≤ 1 year
€106k▲
2023 · €80k
Debt > 1 year
€85k▲
2023 · €49k
Income taxes
€0▼
2023 · €3k
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€184k€239k▲
Fixed assets21/28€91k€152k▲
Tangible fixed assets22/27€87k€148k▲
Land and buildings22€58k€56k▼
Plant, machinery and equipment23-€10k
Furniture and vehicles24€23k€24k▲
Other tangible fixed assets26€5k€58k▲
Financial fixed assets28€4k€4k▲
Current assets29/58€94k€87k▼
Stocks and contracts in progress3€58k€42k▼
Stocks30/36€58k€42k▼
Amounts receivable within one year40/41€25k€24k▼
Trade receivables40€24k€22k▼
Other amounts receivable41€551€3k▲
Cash at bank and in hand54/58€11k€18k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€184k€239k▲
Equity10/15€55k€44k▼
Contributions10/11€19k€19k=
Reserves13€37k€25k▼
Distributable reserves133€37k€25k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€129k€195k▲
Amounts payable after more than one year17€49k€85k▲
Financial debts170/4€49k€85k▲
Amounts payable within one year42/48€80k€106k▲
Current portion of amounts payable after more than one year42€5k€16k▲
Financial debts43€35k€35k▲
Credit institutions430/8€35k€35k▲
Trade debts44€20k€32k▲
Suppliers440/4€20k€32k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€15k€13k▼
Accrued charges and deferred income492/3€729€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€16k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€0▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€30k€14k▼
Operating profit (loss)9901€20k€-7k▼
Financial income75/76B€11€2k▲
Recurring financial income75€11€2k▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€15k€-12k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€12k€-12k▼
Profit (loss) for the period to be appropriated9905€12k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-12k▼
Transfer from equity791/2€0€12k▲
Transfer to equity691/2€12k€0▼
To other reserves6921€12k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-12k ▼193%
Net result drops to €-12k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €12k ▲557%
Operating result €20k, net result €12k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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
3 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, Brugge · 2 establishment units since 2015
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.
Gulden-Vlieslaan 528000 BruggeGround area
317 m²
Building footprint
304 m²
Volume, LiDAR
2,533 m³
2 parcels, Flanders · tallest building 17.3 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Volatile
since 20152.245.094.197
Wijnbar Lucy
since 20232.361.278.522
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0038/00X003 | Flanders | 208 m² | 1 · 202 m² | 17.3 m · 1 fl. |
| 31805E1115/00C000 | Flanders | 109 m² | 1 · 102 m² | 11.3 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.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrugge2.245.094.197
Brugge2.361.278.522
Similar companies · same sector, comparable size
Elkam Solutions
BE 0798.529.932
Brussel · Eq €43k
WTB
BE 0793.683.791
Brecht · Eq €44k
DD Drinks Europe
BE 0761.420.306
Wijnegem · Eq €43k
ILHAN
BE 0578.914.707
Genk · Eq €45k
K.M.E.
BE 0666.830.854
Antwerpen · Eq €45k
Of 1,581 companies in sector 46349 we hold annual accounts for 987. 580 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2015
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.