ADMIN START
ActiveSummary
ADMIN START has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €39k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+8
Solvency80▲+22
Growth52▲+20
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.37 in 2024; short-term debt: 44.7% and cash: 64% of total assets), and 44.7% of the assets are financed with debt.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
55.3%
Return on assets
30.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 4 filingsDeviation from the deadline
2025
30 d late
2024
30 d late
2023
29 d late
2022
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 122%
2024 · €32k
2022: €52k
2023: €72k
2024: €32k
2022 → 2025
Total assets
€127k▲ 30.9%
2024 · €97k
2022: €62k
2023: €82k
2024: €97k
2022 → 2025
Net result
€39k▲ 113%
2024 · €18k
2022: €49k
2023: €21k
2024: €18k
2022 → 2025
Working capital
€42k▲ 69.7%
2024 · €25k
2022: €52k
2023: €72k
2024: €25k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€52k-€72k▲ 40.0%€32k▼ 56.2%€70k▲ 122%
Operating result€49k-€30k▼ 38.8%€38k▲ 25.9%€49k▲ 29.5%
Net result€49k-€21k▼ 57.6%€18k▼ 12.0%€39k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€29k ▲ 302%
Current assets
€98k ▲ 9.3%
Equity and liabilities €127k
Equity
€70k ▲ 122%
Debt
€57k ▼ 13.3%
Debt's share of the balance-sheet total falls from 67.4% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2024 · €39k
Cash flow
€45k▲
2024 · €20k
Current ratio
1.73▲
2024 · 1.37
Debt to equity
0.81▼
2024 · 2.07
ROE
55.0%▼
2024 · 57.4%
ROA
30.4%▲
2024 · 18.7%
Interest coverage
153.37▼
2024 · 255.67
Debt ≤ 1 year
€57k▼
2024 · €66k
Income taxes
€9k▼
2024 · €19k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€97k€127k▲
Fixed assets21/28€7k€29k▲
Tangible fixed assets22/27€7k€29k▲
Furniture and vehicles24€7k€29k▲
Financial fixed assets28€150€150=
Current assets29/58€90k€98k▲
Amounts receivable within one year40/41€6k€17k▲
Trade receivables40€6k€17k▲
Cash at bank and in hand54/58€84k€82k▼
Equity and liabilities
Total equity and liabilities10/49€97k€127k▲
Equity10/15€32k€70k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€29k€67k▲
Amounts payable17/49€66k€57k▼
Amounts payable within one year42/48€66k€57k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€13k€2k▼
Taxes450/3€13k€2k▼
Other amounts payable47/48€50k€50k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€6k▲
Other operating charges640/8€689€920▲
Gross operating margin9900€40k€56k▲
Operating profit (loss)9901€38k€49k▲
Financial charges65/66B€153€357▲
Recurring financial charges65€153€357▲
Profit (loss) for the period before taxes9903€37k€48k▲
Income taxes67/77€19k€9k▼
Profit (loss) for the period9904€18k€39k▲
Profit (loss) for the period to be appropriated9905€18k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€67k▼
Profit (loss) brought forward from the previous period14P€69k€29k▼
Profit to be distributed694/7€59k-
Return on contributions (dividend)694€59k-
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €18k ▼12%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2021
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.
Generaal Eenensstraat 1001030 SchaarbeekGround area
2,724 m²
Building footprint
304 m²
Volume, LiDAR
4,925 m³
Parcel 21902A0405/00G002, Brussels · tallest building 20.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
ADMIN START
since 20212.323.910.162
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0405/00G002 | Brussels | 2,724 m² | 1 · 304 m² | 20.2 m · 6 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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BDE -SERVICE CENTER
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SODABEL
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BE 0822.880.593
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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 2,589 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
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.