White Flag
ActiveWhite Flag has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €26k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 149 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
88
/ 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
Profitability100=
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 1.48 in 2024; short-term debt: 23.1% and cash: 54.9% of total assets), and 23.1% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
76.9%
Return on assets
25.9%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
2 d early
2023
40 d early
2022
34 d early
2021
33 d early
2020
17 d early
2019
38 d early
← before the deadline
after the deadline →
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 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k▼ 25.6%
2024 · €35k
2019: €-8k
2020: €11k
2021: €12k
2022: €1k
2023: €29k
2024: €35k
2019 → 2025
Working capital
€35k▲ 143%
2024 · €14k
2019: €28k
2020: €36k
2021: €52k
2022: €50k
2023: €2k
2024: €14k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€61k▲ 1.9%€16k▼ 73.1%€52k▲ 217%€78k▲ 50.9%
Operating result€19k-€3k▼ 83.2%€38k▲ 1,095%€51k▲ 34.4%€39k▼ 23.8%
Net result€12k-€1k▼ 90.8%€29k▲ 2,515%€35k▲ 21.7%€26k▼ 25.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101k
Fixed assets
€43k▲ 15.3%
Current assets
€58k▲ 30.9%
Equity and liabilities €101k
Equity
€78k▲ 50.9%
Debt
€23k▼ 22.5%
The debt ratio falls from 36.9% to 23.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49k▼
2024 · €60k
Cash flow
€36k▼
2024 · €44k
Solvency
76.9%▲
2024 · 63.1%
Current ratio
2.49▲
2024 · 1.48
Quick ratio
2.49▲
2024 · 1.48
Debt / equity
0.30▼
2024 · 0.59
ROE
33.7%▼
2024 · 68.4%
ROA
25.9%▼
2024 · 43.2%
Interest coverage
348.06▲
2024 · 327.05
Debt
€23k▼
2024 · €30k
Debt ≤ 1 year
€23k▼
2024 · €30k
Income taxes
€13k▼
2024 · €16k
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€82k€101k▲
Fixed assets21/28€37k€43k▲
Tangible fixed assets22/27€37k€43k▲
Plant, machinery and equipment23-€3k
Furniture and vehicles24€37k€40k▲
Current assets29/58€45k€58k▲
Amounts receivable within one year40/41€2k€320▼
Trade receivables40€2k€320▼
Cash at bank and in hand54/58€40k€56k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€82k€101k▲
Equity10/15€52k€78k▲
Contributions10/11€1k€1k=
Reserves13€49k€75k▲
Distributable reserves133€49k€75k▲
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€30k€23k▼
Amounts payable within one year42/48€30k€23k▼
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€29k€23k▼
Taxes450/3€26k€21k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€298€224▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€61k€52k▼
Operating profit (loss)9901€51k€39k▼
Financial income75/76B€89€183▲
Recurring financial income75€89€183▲
Financial charges65/66B€184€140▼
Recurring financial charges65€184€140▼
Profit (loss) for the period before taxes9903€51k€39k▼
Income taxes67/77€16k€13k▼
Profit (loss) for the period9904€35k€26k▼
Profit (loss) for the period to be appropriated9905€35k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€37k€28k▼
Profit (loss) brought forward from the previous period14P€1k€1k▲
Transfer to equity691/2€35k€26k▼
To the legal reserve6920€35k€26k▼
The notes to these accounts (7 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
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 4 days late
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2019net €35k ▲21.7%
Operating result €51k, net result €35k, both a record.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Ukkel · 1 establishment unit since 2008
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.
Boetendaellaan 911180 UkkelGround area
116 m²
Building footprint
62 m²
Volume, LiDAR
544 m³
Parcel 21016B0212/00E007, Brussels · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Boetendaellaan 91, 1180 Ukkel
since 20082.171.946.497
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0212/00E007 | Brussels | 116 m² | 1 · 62 m² | 11.2 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 1,225 companies in sector 33200 we hold annual accounts for 676. 514 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-04-2008
Fiscal year end30-06
Activities, NACEBEL
33200Installation of industrial machinery and equipment
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473964598