Summary
The computed 12-month bankruptcy probability of 49/9 is 1.6% (moderate). The 2019 annual accounts show equity of €8k and a net result of €45k. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019 · tick = 2018
Profitability100=
Solvency32▼-68
Growth58
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2019Solvency, return and age of the figures
Solvency
7.2%
Return on assets
40%
Age of the figures
81 mo
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 18-08-2020, 18 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
18 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2019, micro schema
Equity
€8k▼ 81.9%
2018 · €44k
2018: €44k
2018 → 2019
Total assets
€111k▲ 103%
2018 · €55k
2018: €55k
2018 → 2019
Net result
€45k▲ 10.8%
2018 · €40k
2018: €40k
2018 → 2019
Working capital
€8k▼ 81.9%
2018 · €44k
2018: €44k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€44k-€8k▼ 81.9%
Operating result€50k-€55k▲ 9.8%
Net result€40k-€45k▲ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 10% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Equity and liabilities €111k
Equity
€8k ▼ 81.9%
Debt
€103k ▲ 901%
Debt's share of the balance-sheet total rises from 18.8% to 92.8%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.08▼
2018 · 5.31
ROE
553.6%▲
2018 · 90.5%
ROA
40.0%▼
2018 · 73.4%
Debt ≤ 1 year
€103k▲
2018 · €10k
Income taxes
€12k▲
2018 · €10k
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 · 2019 against 2018 · 21 lines
Balance sheet
Code20182019
Assets
Total assets20/58€55k€111k▲
Current assets29/58€55k€111k▲
Amounts receivable within one year40/41€32k€69k▲
Cash at bank and in hand54/58€23k€42k▲
Equity and liabilities
Total equity and liabilities10/49€55k€111k▲
Equity10/15€44k€8k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Profit (loss) carried forward14€36k€-2k▼
Amounts payable17/49€10k€103k▲
Amounts payable within one year42/48€10k€103k▲
Trade debts44€287€63▼
Income statement
Code20182019
Gross operating margin9900€51k€55k▲
Operating profit (loss)9901€50k€55k▲
Recurring financial income75€275€2k▲
Recurring financial charges65€26€26▲
Profit (loss) for the period before taxes9903€50k€57k▲
Income taxes67/77€10k€12k▲
Profit (loss) for the period9904€40k€45k▲
Profit (loss) for the period to be appropriated9905€40k€45k▲
Appropriation of the result
Return on contributions (dividend)694-€81k
Timeline · acts, filings and financial milestones
2026
16-09
State Gazette act
Partner · Incorporation
Legal form clause · Name clause
05-08
State Gazette act
Board meeting · General meeting
Director reappointment · Permanent representative
05-08
State Gazette act
Board meeting · Director appointment
Permanent representative · General meeting
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
State Gazette actNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Schaarbeek · 1 establishment unit since 2017
Ground area
1,517 m²
Building footprint
172 m²
Volume, LiDAR
1,190 m³
Parcel 21903B0227/00G002, Brussels · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
49/9
since 20172.271.235.006
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0227/00G002 | Brussels | 1,517 m² | 1 · 172 m² | 11.8 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.
Structure & network
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Company data · Crossroads Bank
Identification
Legal formLimited partnership
Founded01-12-2017
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.