C20
ActiveSummary
The annual accounts of C20 for fiscal year 2025 show a net loss of 66% of total assets. The 2025 annual accounts show equity of €19k and a net result of €-59k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 1901 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency46▼-52
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.25 against 3.59 in 2024; short-term debt: 77.6% and cash: 2.7% of total assets), and 79.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
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
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 2025Solvency, return and age of the figures
Solvency
20.7%
Return on assets
-66.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1901 sector peers (2025).
NBB · sector comparisonPosition among 1901 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
29 d late
2022
30 d late
2021
30 d late
2020
31 d late
2019
91 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
€19k▼ 85.6%
2024 · €129k
2019: €25k
2020: €46k
2021: €40k
2022: €40k
2023: €47k
2024: €129k
2019 → 2025
Total assets
€89k▼ 49.4%
2024 · €177k
2019: €33k
2020: €90k
2021: €51k
2022: €71k
2023: €111k
2024: €177k
2019 → 2025
Net result
€-59k
2024 · €82k
2019: €13k
2020: €21k
2021: €-7k
2022: €26k
2023: €75k
2024: €82k
2019 → 2025
Working capital
€17k▼ 86.3%
2024 · €125k
2019: €25k
2020: €45k
2021: €39k
2022: €39k
2023: €46k
2024: €125k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€40k=€47k▲ 18.3%€129k▲ 174%€19k▼ 85.6%
Operating result€-7k-€35k€105k▲ 201%€114k▲ 8.7%€-41k
Net result€-7k-€26k€75k▲ 186%€82k▲ 8.5%€-59k
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 turns negative in 2025: a loss of €41k after €114k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €89k
Fixed assets
€3k ▼ 17.6%
Current assets
€86k ▼ 50.1%
Equity and liabilities €89k
Equity
€19k ▼ 85.6%
Debt
€71k ▲ 47.2%
Debt's share of the balance-sheet total rises from 27.3% to 79.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-40k▼
2024 · €115k
Cash flow
€-58k▼
2024 · €82k
Current ratio
1.25▼
2024 · 3.59
Debt to equity
3.83▲
2024 · 0.37
ROE
-320.5%▼
2024 · 63.6%
ROA
-66.4%▼
2024 · 46.2%
Interest coverage
-7.91▼
2024 · 57.49
Debt ≤ 1 year
€69k▲
2024 · €48k
Income taxes
€13k▼
2024 · €30k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€177k€89k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€173k€86k▼
Amounts receivable within one year40/41€46k€1k▼
Trade receivables40€3k€24▼
Other amounts receivable41€43k€1k▼
Current investments50/53€60k€70k▲
Cash at bank and in hand54/58€51k€2k▼
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€177k€89k▼
Equity10/15€129k€19k▼
Contributions10/11€12k€12k=
Outside capital11€12k-
Other1109/19€12k-
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€115k€5k▼
Amounts payable17/49€48k€71k▲
Amounts payable within one year42/48€48k€69k▲
Financial debts43-€25k
Credit institutions430/8-€25k
Trade debts44€0€445▲
Suppliers440/4€0€445▲
Taxes, remuneration and social security45€48k€40k▼
Taxes450/3€48k€40k▼
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€754€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€116k€-38k▼
Operating profit (loss)9901€114k€-41k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€112k€-46k▼
Income taxes67/77€30k€13k▼
Profit (loss) for the period9904€82k€-59k▼
Profit (loss) for the period to be appropriated9905€82k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€115k€5k▼
Profit (loss) brought forward from the previous period14P€33k€64k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-59k ▼173%
Net result drops to €-59k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Highest result since 2019net €82k ▲8.5%
Operating result €114k, net result €82k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.59
Current ratio from 1.72 to 3.59; short-term debt falls from €64k to €48k.
31-12
Financial
Equity above €100kEq €129k ▲174%
3 profitable years in a row build equity to €129k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.55
Current ratio from 2.05 to 4.55; short-term debt falls from €43k to €11k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kraainem · 1 establishment unit since 2018
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.
Berkenlaan 261950 KraainemGround area
1,065 m²
Building footprint
208 m²
Volume, LiDAR
1,320 m³
2 parcels, Brussels, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EMARJIL
since 20182.284.049.892
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0043/00P030 | Flanders | 702 m² | 1 · 100 m² | 9.7 m · 2 fl. |
| 21682C0151/00S013 | Brussels | 363 m² | 1 · 108 m² | 10.8 m · 2 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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WhoCares?
BE 0778.851.996
Etterbeek · Eq €18,563
Of 3,152 companies in sector 63920 we hold annual accounts for 1,523. 1,032 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 (pre-2019)
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.