WHITE DWARF
ActiveWHITE DWARF has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €758k and a net result of €105k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 16974 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+1
Solvency67▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.09 in 2024; short-term debt: 19.6% and cash: 0% of total assets), but 58.4% 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○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
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
41.6%
Return on assets
5.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
on the day
2021
2 d late
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€758k▲ 16.0%
2024 · €653k
2018: €273k
2019: €340k
2020: €393k
2021: €481k
2022: €503k
2023: €572k
2024: €653k
2018 → 2025
Total assets
€1.82M▲ 12.3%
2024 · €1.62M
2018: €1.28M
2019: €1.24M
2020: €1.19M
2021: €1.11M
2022: €1.42M
2023: €1.69M
2024: €1.62M
2018 → 2025
Net result
€105k▲ 28.5%
2024 · €81k
2018: €86k
2019: €66k
2020: €54k
2021: €87k
2022: €22k
2023: €69k
2024: €81k
2018 → 2025
Working capital
€420k▲ 36.9%
2024 · €307k
2018: €-435k
2019: €-340k
2020: €-280k
2021: €-181k
2022: €298k
2023: €239k
2024: €307k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€481k-€503k▲ 4.5%€572k▲ 13.7%€653k▲ 14.2%€758k▲ 16.0%
Operating result€102k-€37k▼ 64.1%€80k▲ 119%€96k▲ 19.8%€120k▲ 24.5%
Net result€87k-€22k▼ 75.1%€69k▲ 218%€81k▲ 17.9%€105k▲ 28.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.82M
Fixed assets
€1.04M▲ 1.0%
Current assets
€777k▲ 32.2%
Equity and liabilities €1.82M
Equity
€758k▲ 16.0%
Debt
€1.06M▲ 9.8%
The debt ratio falls from 59.7% to 58.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€180k▲
2024 · €160k
Cash flow
€164k▲
2024 · €145k
Solvency
41.6%▲
2024 · 40.3%
Current ratio
2.18▲
2024 · 2.09
Quick ratio
2.18▲
2024 · 2.09
Debt / equity
1.40▼
2024 · 1.48
ROE
13.8%▲
2024 · 12.5%
ROA
5.7%▲
2024 · 5.0%
Interest coverage
9.66▲
2024 · 8.73
Debt
€1.06M▲
2024 · €968k
Debt ≤ 1 year
€356k▲
2024 · €280k
Debt > 1 year
€561k▼
2024 · €598k
Income taxes
€33k▲
2024 · €30k
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€1.62M€1.82M▲
Fixed assets21/28€1.03M€1.04M▲
Tangible fixed assets22/27€1.03M€1.04M▲
Land and buildings22€1.03M€1.04M▲
Plant, machinery and equipment23€4k€8k▲
Current assets29/58€587k€777k▲
Amounts receivable within one year40/41€579k€740k▲
Trade receivables40€38k€0▼
Other amounts receivable41€541k€740k▲
Cash at bank and in hand54/58€8k€0▼
Deferred charges and accrued income490/1-€37k
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.82M▲
Equity10/15€653k€758k▲
Contributions10/11€963k€963k=
Capital10€963k€963k=
Issued capital100€963k€963k=
Reserves13€1k€1k=
Non-distributable reserves130/1€620€620=
Legal reserve130€620€620=
Distributable reserves133€398€398=
Profit (loss) carried forward14€-311k€-206k▲
Amounts payable17/49€968k€1.06M▲
Amounts payable after more than one year17€598k€561k▼
Financial debts170/4€598k€561k▼
Amounts payable within one year42/48€280k€356k▲
Current portion of amounts payable after more than one year42€36k€37k▲
Financial debts43€0€54k▲
Credit institutions430/8€0€54k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€49k€70k▲
Taxes450/3€49k€70k▲
Other amounts payable47/48€192k€192k=
Accrued charges and deferred income492/3€89k€145k▲
Income statement
Code20242025
Non-recurring operating income76A-€22k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€60k▼
Other operating charges640/8€6k€10k▲
Gross operating margin9900€166k€189k▲
Operating profit (loss)9901€96k€120k▲
Financial income75/76B€34k€37k▲
Recurring financial income75€34k€37k▲
Financial charges65/66B€18k€19k▲
Recurring financial charges65€18k€19k▲
Profit (loss) for the period before taxes9903€112k€138k▲
Income taxes67/77€30k€33k▲
Profit (loss) for the period9904€81k€105k▲
Profit (loss) for the period to be appropriated9905€81k€105k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-311k€-206k▲
Profit (loss) brought forward from the previous period14P€-392k€-311k▲
The notes to these accounts (6 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €105k ▲28.5%
Operating result €120k, net result €105k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €22k ▼75.1%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 101current ratio 3.95
Current ratio from 0.04 to 3.95; short-term debt falls from €188k to €101k.
30-09
Financial
Equity above €500kEq €503k ▲4.5%
5 profitable years in a row build equity to €503k.
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
18-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beersel · 1 establishment unit since 2000
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.
Dikkemeerweg 1721652 BeerselGround area
1.2 ha
Building footprint
430 m²
Volume, LiDAR
2,970 m³
Parcel 23001D0063/00C000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dikkemeerweg 172, 1652 Beersel
since 20002.022.460.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001D0063/00C000 | Flanders | 1.2 ha | 1 · 430 m² | 10.9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,390. 9,997 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-01-1983
Fiscal year end30-09
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
69109Other legal services
69202Legal and accounting activities
69209Other tax advisory services
70200Business and other management consultancy
74121
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.