WHALE
ActiveSummary
WHALE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-40k) and a net result of €-28k. Equity is shrinking by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-52
Solvency1▼-17
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21 against 0.56 in 2024; short-term debt: 97.8% and cash: 4.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-23.5%
Return on assets
-16.6%
Age of the figures
15 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-40k
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 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
on the day
2023
19 d early
2022
48 d early
2021
40 d early
2020
29 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-40k▼ 240%
2024 · €-12k
2019: €16k
2020: €17k
2021: €11k
2022: €-6k
2023: €-4k
2024: €-12k
2019 → 2025
Total assets
€170k▲ 4.7%
2024 · €162k
2019: €74k
2020: €28k
2021: €27k
2022: €52k
2023: €97k
2024: €162k
2019 → 2025
Net result
€-28k▼ 257%
2024 · €-8k
2019: €-16k
2020: €966
2021: €-6k
2022: €-17k
2023: €2k
2024: €-8k
2019 → 2025
Working capital
€-131k▼ 158%
2024 · €-51k
2019: €-7k
2020: €9k
2021: €-3k
2022: €-31k
2023: €-34k
2024: €-51k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€-6k€-4k▲ 36.5%€-12k▼ 204%€-40k▼ 240%
Operating result€-5k-€-16k▼ 224%€4k€-6k€-23k▼ 316%
Net result€-6k-€-17k▼ 187%€2k€-8k€-28k▼ 257%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€134k ▲ 36.5%
Current assets
€36k ▼ 44.4%
Key figures and ratios
EBITDA
€-252▼
2024 · €10k
Cash flow
€-5k▼
2024 · €7k
Solvency
-23.5%▼
2024 · -7.2%
Current ratio
0.21▼
2024 · 0.56
Quick ratio
0.21▼
2024 · 0.55
Debt to equity
-5.25▲
2024 · -14.81
ROA
-16.6%▼
2024 · -4.9%
Interest coverage
-0.06▼
2024 · 4.74
Debt
€210k▲
2024 · €174k
Debt ≤ 1 year
€166k▲
2024 · €115k
Debt > 1 year
€44k▼
2024 · €59k
Income taxes
€137▼
2024 · €325
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€162k€170k▲
Fixed assets21/28€98k€134k▲
Tangible fixed assets22/27€98k€84k▼
Plant, machinery and equipment23-€8k
Furniture and vehicles24€55k€43k▼
Leasing and similar rights25€30k€22k▼
Other tangible fixed assets26€13k€11k▼
Financial fixed assets28€146€50k▲
Current assets29/58€64k€36k▼
Stocks and contracts in progress3€1k€1k▲
Stocks30/36€1k€1k▲
Amounts receivable within one year40/41€49k€23k▼
Trade receivables40€49k€23k▼
Other amounts receivable41€100€100=
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€162k€170k▲
Equity10/15€-12k€-40k▼
Contributions10/11€8k€8k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-27k€-55k▼
Amounts payable17/49€174k€210k▲
Amounts payable after more than one year17€59k€44k▼
Financial debts170/4€59k€44k▼
Amounts payable within one year42/48€115k€166k▲
Current portion of amounts payable after more than one year42€50k€51k▲
Trade debts44€30k€22k▼
Suppliers440/4€30k€22k▼
Taxes, remuneration and social security45€14k€10k▼
Taxes450/3€11k€6k▼
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€20k€83k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€23k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€13k€1k▼
Operating profit (loss)9901€-6k€-23k▼
Financial income75/76B€136-
Recurring financial income75€136-
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€-8k€-28k▼
Income taxes67/77€325€137▼
Profit (loss) for the period9904€-8k€-28k▼
Profit (loss) for the period to be appropriated9905€-8k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-55k▼
Profit (loss) brought forward from the previous period14P€-19k€-27k▼
The notes to these accounts (8 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
23-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
02-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Back to profitnet €966
Net result €966 after one loss-making year.
30-06
Financial
Liquidity times 5current ratio 4.23
Current ratio from 0.88 to 4.23; short-term debt falls from €56k to €3k.
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
20-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
17-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2000
Ground area
1.2 ha
Building footprint
235 m²
Volume, LiDAR
1,297 m³
Parcel 44017D1125/00D000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Noordhoutstraat 46, 9031 Gent
since 20002.099.595.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D1125/00D000 | Flanders | 1.2 ha | 1 · 235 m² | 9.8 m · 2 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.
Similar companies · same sector, comparable size
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A. CHARPENTIER
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FS Finance
BE 0540.559.719
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GILCHRIEST CONSULT
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 24,310 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2000
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.