b-inside
ActiveSummary
b-inside has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.78M and a net result of €495k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 29% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability59▼-26
Solvency39▼-16
Growth73▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.96 in 2024; short-term debt: 23.1% and cash: 7% of total assets), and 85.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
14.1%
Return on assets
3.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.78M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
87 d early
2023
96 d early
2022
94 d early
2021
51 d early
2020
29 d early
2019
24 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, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€11.58M▲ 16.4%
2023 · €9.94M
2021: €8.23M
2022: €9.56M
2023: €9.94M
2021 → 2025
EBIT margin
9.3%▲ 3.3pp
2023 · 6.0%
2021: -3.7%
2022: 7.8%
2023: 6.0%
2021 → 2025
Net result
€495k▼ 11.8%
2024 · €561k
2018: €289k
2019: €431k
2020: €823k
2021: €-445k
2022: €507k
2023: €369k
2024: €561k
2018 → 2025
Working capital
€272k▼ 82.0%
2024 · €1.51M
2018: €376k
2019: €343k
2020: €964k
2021: €775k
2022: €1.54M
2023: €954k
2024: €1.51M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.23M-€9.56M▲ 16.1%€9.94M▲ 4.0%€11.58M
Equity€1.05M-€1.56M▲ 48.3%€726k▼ 53.4%€1.29M▲ 77.3%€1.78M▲ 38.5%
Operating result€-304k-€749k€593k▼ 20.9%€832k▲ 40.3%€1.07M▲ 29.2%
Net result€-445k-€507k€369k▼ 27.1%€561k▲ 51.8%€495k▼ 11.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.64M
Fixed assets
€9.45M ▲ 666%
Current assets
€3.19M ▲ 3.5%
Equity and liabilities €12.64M
Equity
€1.78M ▲ 38.5%
Debt
€10.86M ▲ 258%
Debt's share of the balance-sheet total rises from 70.2% to 85.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.37M▲
2024 · €1.15M
Cash flow
€793k▼
2024 · €880k
Current ratio
1.09▼
2024 · 1.96
Quick ratio
1.03▼
2024 · 1.86
Debt to equity
6.10▲
2024 · 2.36
ROE
27.8%▼
2024 · 43.6%
ROA
3.9%▼
2024 · 13.0%
Interest coverage
3.74▼
2024 · 13.88
Debt ≤ 1 year
€2.92M▲
2024 · €1.58M
Debt > 1 year
€6.82M▲
2024 · €465k
Income taxes
€212k▼
2024 · €217k
Staff costs
€3.86M▲
2024 · €3.50M
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 · 82 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.32M€12.64M▲
Fixed assets21/28€1.23M€9.45M▲
Intangible fixed assets21€178k€63k▼
Tangible fixed assets22/27€1.06M€887k▼
Land and buildings22€762k€681k▼
Plant, machinery and equipment23€157k€137k▼
Furniture and vehicles24€114k€69k▼
Leasing and similar rights25€24k€0▼
Financial fixed assets28-€8.50M
Affiliated companies280/1-€8.50M
Participating interests280-€8.50M
Current assets29/58€3.08M€3.19M▲
Stocks and contracts in progress3€156k€185k▲
Stocks30/36€156k€185k▲
Goods purchased for resale34-€185k
Amounts receivable within one year40/41€1.91M€1.74M▼
Trade receivables40€1.75M€1.66M▼
Other amounts receivable41€159k€82k▼
Current investments50/53€250k€0▼
Other investments51/53-€0
Cash at bank and in hand54/58€372k€885k▲
Deferred charges and accrued income490/1€391k€377k▼
Equity and liabilities
Total equity and liabilities10/49€4.32M€12.64M▲
Equity10/15€1.29M€1.78M▲
Contributions10/11€124k€124k=
Reserves13€1.16M€1.66M▲
Tax-exempt reserves132€20k€20k=
Distributable reserves133€1.14M€1.64M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€3.03M€10.86M▲
Amounts payable after more than one year17€465k€6.82M▲
Financial debts170/4€465k€6.82M▲
Subordinated loans170-€3.17M
Credit institutions173-€3.65M
Amounts payable within one year42/48€1.58M€2.92M▲
Current portion of amounts payable after more than one year42€133k€1.05M▲
Financial debts43€500k€633k▲
Credit institutions430/8€0-
Other loans439€500k€633k▲
Trade debts44€471k€498k▲
Suppliers440/4€471k€498k▲
Taxes, remuneration and social security45€472k€742k▲
Taxes450/3€112k€244k▲
Remuneration and social security454/9€360k€499k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€990k€1.12M▲
Income statement
Code20242025
Operating income70/76A-€11.86M
Turnover70-€11.58M
Other operating income74-€260k
Non-recurring operating income76A€5k€23k▲
Operating charges60/66A-€10.78M
Goods for resale, raw materials and consumables60-€4.22M
Purchases600/8-€4.25M
Change in stocks: decrease (increase)609-€-29k
Services and other goods61-€2.33M
Remuneration, social security and pensions62€3.50M€3.86M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€319k€298k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€31k€-43k▼
Other operating charges640/8€34k€90k▲
Non-recurring operating charges66A€63k€29k▼
Gross operating margin9900€4.78M-
Operating profit (loss)9901€832k€1.07M▲
Financial income75/76B€29k€19k▼
Recurring financial income75€29k€19k▼
Income from current assets751-€10k
Other financial income752/9-€9k
Financial charges65/66B€83k€387k▲
Recurring financial charges65€83k€387k▲
Debt charges650-€367k
Other financial charges652/9-€20k
Profit (loss) for the period before taxes9903€778k€707k▼
Income taxes67/77€217k€212k▼
Taxes670/3-€212k
Profit (loss) for the period9904€561k€495k▼
Profit (loss) for the period to be appropriated9905€561k€495k▼
Appropriation of the result
Profit (loss) to be appropriated9906€561k€495k▼
Transfer from equity791/2€0-
Transfer to equity691/2€561k€495k▼
To other reserves6921€561k€495k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)908742.843.9▲
The notes to these accounts (96 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
27-08
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney6 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney6 facts ▸
- Board meeting, 17-08-2026
- Merger, fusion by absorption (simplified procedure)
- Merger, fusion by absorption (simplified procedure)
- Merger, fusion by absorption (simplified procedure)
- Accounting effect, 01-07-2026
- Power of attorney, MOORE FINANCE & TAX
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
05-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.29M ▲77.3%
3 profitable years in a row build equity to €1.29M.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €507k
Net result €507k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-445k ▼154%
Net result drops to €-445k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €823k ▲91.2%
Operating result €1.10M, net result €823k, both a record.
31-12
Financial
Equity above €2MEq €2.44M ▲49%
3 profitable years in a row build equity to €2.44M.
Show earlier events
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1986
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.
Grote Heerweg 758791 WaregemGround area
2,924 m²
Building footprint
175 m²
Volume, LiDAR
744 m³
Parcel 34006A0139/00G007, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Grote Heerweg 75-77, 8791 Waregem
since 19862.036.082.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0139/00G007 | Flanders | 2,924 m² | 1 · 175 m² | 6.8 m · 1 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
Acquisitions and mergers
3 transactionsPublic money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 232,760 EUR awarded · 188,473 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 5,185 EUR | 4,811 EUR |
| 2024 | 3 | 9,301 EUR | 93,151 EUR |
| 2023 | 2 | 215,791 EUR | 88,028 EUR |
| 2022 | 2 | 2,483 EUR | 2,483 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
699400V7EIR30LUJ3674
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 2,901 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
Founded09-07-1986
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.