X - TENSION
ActiveX - TENSION has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257k and a net result of €-32k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 61% of 8623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+7
Solvency89▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 3.11 in 2024; short-term debt: 36.1% and cash: 10.6% of total assets), and 36.1% 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.
−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 →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-32k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
71 d late
2023
26 d late
2022
30 d late
2021
5 d late
2020
24 d early
2019
48 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€257k▼ 20.8%
2024 · €324k
2018: €235k
2019: €270k
2020: €210k
2021: €231k
2022: €489k
2023: €415k
2024: €324k
2018 → 2025
Total assets
€402k▼ 13.0%
2024 · €462k
2018: €275k
2019: €282k
2020: €214k
2021: €249k
2022: €582k
2023: €510k
2024: €462k
2018 → 2025
Net result
€-32k▲ 48.7%
2024 · €-62k
2018: €29k
2019: €36k
2020: €-60k
2021: €28k
2022: €257k
2023: €-9k
2024: €-62k
2018 → 2025
Working capital
€225k▼ 22.7%
2024 · €290k
2018: €134k
2019: €176k
2020: €123k
2021: €154k
2022: €573k
2023: €466k
2024: €290k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€231k-€489k▲ 111%€415k▼ 15.1%€324k▼ 21.9%€257k▼ 20.8%
Operating result€25k-€2k▼ 92.8%€-3k€-54k▼ 1,520%€-38k▲ 29.5%
Net result€28k-€257k▲ 835%€-9k€-62k▼ 609%€-32k▲ 48.7%
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 €38k in 2025 against €54k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402k
Fixed assets
€32k▼ 4.1%
Current assets
€369k▼ 13.7%
Equity and liabilities €402k
Equity
€257k▼ 20.8%
Debt
€145k▲ 5.1%
The debt ratio rises from 29.8% to 36.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-37k▲
2024 · €-53k
Cash flow
€-30k▲
2024 · €-60k
Solvency
63.9%▼
2024 · 70.2%
Current ratio
2.55▼
2024 · 3.11
Quick ratio
2.55▼
2024 · 3.11
Debt / equity
0.56▲
2024 · 0.43
ROE
-12.3%▲
2024 · -19.0%
ROA
-7.9%▲
2024 · -13.3%
Interest coverage
-426.59▼
2024 · -128.43
Debt
€145k▲
2024 · €138k
Debt ≤ 1 year
€145k▲
2024 · €138k
Income taxes
€1k▼
2024 · €104k
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€462k€402k▼
Fixed assets21/28€34k€32k▼
Tangible fixed assets22/27€33k€32k▼
Land and buildings22€33k€32k▼
Furniture and vehicles24€355€123▼
Financial fixed assets28€328€328=
Current assets29/58€428k€369k▼
Amounts receivable after more than one year29€21k€0▼
Other amounts receivable291€21k€0▼
Amounts receivable within one year40/41€82k€77k▼
Trade receivables40€39k€39k▼
Other amounts receivable41€42k€38k▼
Current investments50/53€309k€243k▼
Cash at bank and in hand54/58€6k€43k▲
Deferred charges and accrued income490/1€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€462k€402k▼
Equity10/15€324k€257k▼
Contributions10/11€42k€42k=
Reserves13€263k€227k▼
Tax-exempt reserves132€0-
Distributable reserves133€263k€227k▼
Profit (loss) carried forward14€19k€-13k▼
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€138k€145k▲
Amounts payable within one year42/48€138k€145k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€105k€107k▲
Taxes450/3€105k€107k▲
Other amounts payable47/48€29k€36k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-51k€-34k▲
Operating profit (loss)9901€-54k€-38k▲
Financial income75/76B€11k€8k▼
Recurring financial income75€11k€8k▼
Financial charges65/66B€411€87▼
Recurring financial charges65€411€87▼
Profit (loss) for the period before taxes9903€-44k€-31k▲
Transfer from deferred taxes780€86k€0▼
Income taxes67/77€104k€1k▼
Profit (loss) for the period9904€-62k€-32k▲
Transfer from tax-exempt reserves789€259k€0▼
Profit (loss) for the period to be appropriated9905€197k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€214k€-13k▼
Profit (loss) brought forward from the previous period14P€17k€19k▲
Transfer from equity791/2€29k€36k▲
Transfer to equity691/2€195k€0▼
To other reserves6921€195k€0▼
Profit to be distributed694/7€29k€36k▲
Return on contributions (dividend)694€29k€36k▲
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
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €257k ▲835%
Net result €257k, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 78.12
Current ratio from 9.91 to 78.12; short-term debt falls from €17k to €7k.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 33.49
Current ratio from 16.40 to 33.49; short-term debt falls from €11k to €4k.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 16.40
Current ratio from 4.35 to 16.40; short-term debt falls from €40k to €11k.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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
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 1999
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.
Edward Pynaertkaai 979000 GentGround area
6,418 m²
Building footprint
1,557 m²
Volume, LiDAR
24,251 m³
2 parcels, Flanders · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Koepoortkaai 46, 9000 Gent
since 19992.092.186.070
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0847/00H000 | Flanders | 4,451 m² | 1 · 1,180 m² | 20.2 m · 6 fl. |
| 44804D3181/00N005 | Flanders | 1,967 m² | 1 · 377 m² | 16.4 m · 5 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.
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 38,830 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-06-1999
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.