BRAINCODE
ActiveBRAINCODE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €237k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 11151 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.47 against 2.11 in 2024), and 6.9% 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
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
93.1%
Return on assets
19.2%
Age of the figures
8 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
28 d late
2023
44 d late
2022
30 d late
2021
23 d early
2020
31 d late
2019
60 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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.15M▼ 6.1%
2024 · €1.22M
2018: €370k
2019: €543k
2020: €656k
2021: €766k
2022: €859k
2023: €978k
2024: €1.22M
2018 → 2025
Total assets
€1.23M▼ 14.6%
2024 · €1.44M
2018: €536k
2019: €655k
2020: €829k
2021: €1.09M
2022: €1.22M
2023: €1.27M
2024: €1.44M
2018 → 2025
Net result
€237k▼ 30.7%
2024 · €342k
2018: €98k
2019: €173k
2020: €138k
2021: €149k
2022: €150k
2023: €164k
2024: €342k
2018 → 2025
Working capital
€212k▼ 14.5%
2024 · €248k
2018: €249k
2019: €419k
2020: €382k
2021: €45k
2022: €78k
2023: €230k
2024: €248k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€766k-€859k▲ 12.1%€978k▲ 13.9%€1.22M▲ 24.9%€1.15M▼ 6.1%
Operating result€217k-€223k▲ 2.4%€240k▲ 7.9%€493k▲ 105%€339k▼ 31.2%
Net result€149k-€150k▲ 1.2%€164k▲ 9.1%€342k▲ 109%€237k▼ 30.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€936k▼ 3.9%
Current assets
€298k▼ 36.7%
Equity and liabilities €1.23M
Equity
€1.15M▼ 6.1%
Debt
€86k▼ 61.4%
The debt ratio falls from 15.4% to 6.9%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€384k▼
2024 · €547k
Cash flow
€282k▼
2024 · €396k
Solvency
93.1%▲
2024 · 84.6%
Current ratio
3.47▲
2024 · 2.11
Quick ratio
3.47▲
2024 · 2.11
Debt / equity
0.07▼
2024 · 0.18
ROE
20.7%▼
2024 · 28.0%
ROA
19.2%▼
2024 · 23.7%
Interest coverage
3969.88▲
2024 · 899.04
Debt
€86k▼
2024 · €222k
Debt ≤ 1 year
€86k▼
2024 · €222k
Income taxes
€105k▼
2024 · €160k
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€1.44M€1.23M▼
Fixed assets21/28€974k€936k▼
Tangible fixed assets22/27€794k€756k▼
Land and buildings22€752k€728k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€39k€26k▼
Financial fixed assets28€180k€180k=
Current assets29/58€470k€298k▼
Amounts receivable within one year40/41€36k€44k▲
Trade receivables40€36k€44k▲
Current investments50/53-€200k
Cash at bank and in hand54/58€431k€51k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.44M€1.23M▼
Equity10/15€1.22M€1.15M▼
Contributions10/11€19k€19k=
Reserves13€1.20M€1.13M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€45k€45k=
Distributable reserves133€1.16M€1.08M▼
Amounts payable17/49€222k€86k▼
Amounts payable within one year42/48€222k€86k▼
Trade debts44€14k€26k▲
Suppliers440/4€14k€26k▲
Taxes, remuneration and social security45€84k€47k▼
Taxes450/3€75k€42k▼
Remuneration and social security454/9€9k€4k▼
Other amounts payable47/48€124k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€45k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€551k€388k▼
Operating profit (loss)9901€493k€339k▼
Financial income75/76B€10k€3k▼
Recurring financial income75€10k€3k▼
Financial charges65/66B€608€97▼
Recurring financial charges65€608€97▼
Profit (loss) for the period before taxes9903€502k€342k▼
Income taxes67/77€160k€105k▼
Profit (loss) for the period9904€342k€237k▼
Profit (loss) for the period to be appropriated9905€342k€237k▼
Appropriation of the result
Profit (loss) to be appropriated9906€342k€237k▼
Transfer from equity791/2€98k€311k▲
Transfer to equity691/2€342k€237k▼
To other reserves6921€342k€237k▼
Profit to be distributed694/7€98k€311k▲
Return on contributions (dividend)694€98k€311k▲
The notes to these accounts (8 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
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €342k ▲109%
Operating result €493k, net result €342k, both a record.
31-12
Financial
Equity above €1MEq €1.22M ▲24.9%
7 profitable years in a row build equity to €1.22M.
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 9.50
Current ratio from 3.85 to 9.50; short-term debt falls from €87k to €49k.
31-12
Financial
Equity above €500kEq €543k ▲46.8%
2 profitable years in a row build equity to €543k.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Lessines · 1 establishment unit since 2007
Ground area
3,981 m²
Building footprint
155 m²
Parcel 55007C0256/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BRAINCODE
since 20072.159.036.787
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55007C0256/00A000 | Wallonia | 3,981 m² | 1 · 155 m² | - |
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 2,120 companies in sector 46500 we hold annual accounts for 1,400. 849 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2007
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
51840
47400Retail sale of information and communication equipment
47410Retail trade
52487
62010Computer programming, consultancy and related activities
62020IT consultancy
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
71330
72100
72220
72600
77330Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.