EASYPAY
ActiveSummary
EASYPAY has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.88M and a net result of €1.68M. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 1545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+17
Solvency76▲+41
Growth65▲+10
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.29 in 2023; short-term debt: 40.9% and cash: 4.8% of total assets), and 48.9% of the assets are financed with debt.
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
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 2024Solvency, return and age of the figures
Solvency
51.1%
Return on assets
9.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
37 d early
2022
11 d early
2021
52 d late
2020
2 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€14.92M▼ 9.1%
2023 · €16.41M
2018: €13.03M
2019: €12.33M
2020: €11.31M
2021: €11.50M
2022: €13.28M
2023: €16.41M
2018 → 2024
EBIT margin
11.6%▲ 10.1pp
2023 · 1.5%
2018: 7.9%
2019: 8.4%
2020: 8.7%
2021: 6.5%
2022: 5.0%
2023: 1.5%
2018 → 2024
Net result
€1.68M▲ 208%
2023 · €546k
2018: €515k
2019: €593k
2020: €451k
2021: €962k
2022: €447k
2023: €546k
2018 → 2024
Working capital
€-3k
2023 · €2.13M
2018: €7.12M
2019: €7.46M
2020: €7.48M
2021: €8.11M
2022: €2.47M
2023: €2.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€11.31M-€11.50M▲ 1.7%€13.28M▲ 15.5%€16.41M▲ 23.6%€14.92M▼ 9.1%
Equity€4.69M-€5.65M▲ 20.5%€517k▼ 90.9%€1.06M▲ 106%€8.88M▲ 736%
Operating result€984k-€746k▼ 24.2%€668k▼ 10.5%€239k▼ 64.3%€1.72M▲ 623%
Net result€451k-€962k▲ 113%€447k▼ 53.6%€546k▲ 22.1%€1.68M▲ 208%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 623% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €17.39M
Fixed assets
€10.29M ▲ 1,304%
Current assets
€7.10M ▼ 25.6%
Equity and liabilities €17.39M
Equity
€8.88M ▲ 736%
Provisions
€1.08M ▼ 39.7%
Debt
€7.43M ▲ 0.1%
Debt's share of the balance-sheet total falls from 72.2% to 42.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.95M▲
2023 · €504k
Cash flow
€1.91M▲
2023 · €811k
Current ratio
1.00▼
2023 · 1.29
Debt to equity
0.84▼
2023 · 6.99
ROE
18.9%▼
2023 · 51.3%
ROA
9.7%▲
2023 · 5.3%
Interest coverage
782.02▲
2023 · 34.36
Debt ≤ 1 year
€7.11M▼
2023 · €7.42M
Income taxes
€369k▲
2023 · €66k
Staff costs
€7.57M▲
2023 · €6.93M
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 · 2024 against 2023 · 77 lines
Balance sheet
Code20232024
Assets
Total assets20/58€10.28M€17.39M▲
Fixed assets21/28€733k€10.29M▲
Intangible fixed assets21€68k€1.99M▲
Tangible fixed assets22/27€344k€336k▼
Furniture and vehicles24€242k€336k▲
Leasing and similar rights25€103k-
Financial fixed assets28€320k€7.96M▲
Affiliated companies280/1€23k€7.66M▲
Participating interests280€23k€7.66M▲
Other financial fixed assets284/8€297k€297k=
Shares284€26k€26k=
Amounts receivable and cash guarantees285/8€271k€271k=
Current assets29/58€9.55M€7.10M▼
Amounts receivable within one year40/41€6.13M€5.94M▼
Trade receivables40€4.70M€3.45M▼
Other amounts receivable41€1.43M€2.48M▲
Current investments50/53€258k€200k▼
Other investments51/53€258k€200k▼
Cash at bank and in hand54/58€3.06M€842k▼
Deferred charges and accrued income490/1€94k€125k▲
Equity and liabilities
Total equity and liabilities10/49€10.28M€17.39M▲
Equity10/15€1.06M€8.88M▲
Contributions10/11€62k€7.70M▲
Capital10€62k€7.70M▲
Issued capital100€62k€7.70M▲
Reserves13€1.00M€1.18M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€992k€1.17M▲
Provisions and deferred taxes16€1.80M€1.08M▼
Provisions for liabilities and charges160/5€1.80M€1.08M▼
Other liabilities and charges164/5€1.80M€1.08M▼
Amounts payable17/49€7.42M€7.43M▲
Amounts payable within one year42/48€7.42M€7.11M▼
Current portion of amounts payable after more than one year42€121k-
Trade debts44€3.99M€2.42M▼
Suppliers440/4€3.99M€2.42M▼
Taxes, remuneration and social security45€1.94M€1.46M▼
Taxes450/3€734k€327k▼
Remuneration and social security454/9€1.21M€1.14M▼
Other amounts payable47/48€1.37M€3.23M▲
Accrued charges and deferred income492/3€325€321k▲
Income statement
Code20232024
Operating income70/76A€16.67M€18.95M▲
Turnover70€16.41M€14.92M▼
Own construction capitalised72-€1.87M
Other operating income74€262k€2.16M▲
Operating charges60/66A€16.44M€17.22M▲
Goods for resale, raw materials and consumables60€587k€958k▲
Purchases600/8€587k€958k▲
Services and other goods61€9.22M€9.14M▼
Remuneration, social security and pensions62€6.93M€7.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266k€230k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€9k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-594k€-714k▼
Other operating charges640/8€20k€30k▲
Operating profit (loss)9901€239k€1.72M▲
Financial income75/76B€404k€332k▼
Recurring financial income75€404k€332k▼
Income from financial fixed assets750€118k€15k▼
Income from current assets751€17k€10k▼
Other financial income752/9€269k€307k▲
Financial charges65/66B€31k€7k▼
Recurring financial charges65€31k€7k▼
Debt charges650€15k€2k▼
Other financial charges652/9€16k€4k▼
Profit (loss) for the period before taxes9903€612k€2.05M▲
Income taxes67/77€66k€369k▲
Taxes670/3€66k€369k▲
Profit (loss) for the period9904€546k€1.68M▲
Profit (loss) for the period to be appropriated9905€546k€1.68M▲
Appropriation of the result
Profit (loss) to be appropriated9906€546k€1.68M▲
Transfer to equity691/2€546k€180k▼
To other reserves6921€546k€180k▼
Profit to be distributed694/7-€1.50M
Return on contributions (dividend)694-€1.50M
Social balance
Average headcount (FTE)908778.287.2▲
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
06-03
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2024
31-12
Financial
Highest result since 2018net €1.68M ▲208%
Operating result €1.72M, net result €1.68M, both a record.
31-12
Financial
Equity above €5MEq €8.88M ▲736%
7 profitable years in a row build equity to €8.88M.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.06M ▲106%
6 profitable years in a row build equity to €1.06M.
23-10
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
23-10
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
10-10
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
05-10
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
04-10
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Show earlier events
08-03
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
08-03
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
26-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
26-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
26-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
2022
31-12
Financial
Weakest financial yearnet €447k ▼53.6%
Net result drops to €447k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
01-04
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
01-04
State Gazette act
Board meeting · General meeting
Director appointment · Permanent representative
30-03
State Gazette act
Board meeting · Director appointment
General meeting · Board composition
30-03
State Gazette act
Board meeting · Director appointment
General meeting · Board composition
30-03
State Gazette act
Board meeting · Director appointment
General meeting · Board composition
2021
31-12
Financial
Equity above €5MEq €5.65M ▲20.5%
4 profitable years in a row build equity to €5.65M.
12-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
12-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 2 days late
15-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
15-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
14-07
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
01-02
State Gazette act
Board meeting · Director appointment
Permanent representative
26-01
State Gazette act
Board meeting · Director appointment
Permanent representative
26-01
State Gazette act
Board meeting · Director appointment
Permanent representative
20-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate term
20-01
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
10-02
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
03-01
State Gazette act
General meeting · Name change
Statutes amendment · Director appointment
03-01
State Gazette act
General meeting · Board meeting
Name change · Statutes amendment
2018
26-10
State Gazette act
Incorporation · Founding capital
Bank account · Corporate purpose
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
19-06
State Gazette act
Incorporation · Corporate purpose
General meeting · Member admission
05-01
State Gazette act
Incorporation · Corporate purpose
General meeting · Board meeting
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Tielt · 2 establishment units since 1990
Ground area
8,304 m²
Building footprint
1,958 m²
Volume, LiDAR
21,013 m³
2 parcels, Flanders, Wallonia · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
2 establishment units
Nijverheidsstraat 16, 8760 Tielt
since 19902.161.939.463
EASYPAY
since 20152.243.477.069
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322B0443/00F000 | Flanders | 7,157 m² | 1 · 1,640 m² | 19.7 m · 4 fl. |
| 92039A0103/00R000 | Wallonia | 1,147 m² | 1 · 318 m² | 12.2 m · 3 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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
2 locations
1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 29,986 EUR awarded · 29,986 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 4,474 EUR | 4,474 EUR |
| 2024 | 1 | 2,556 EUR | 2,556 EUR |
| 2023 | 2 | 10,973 EUR | 10,973 EUR |
| 2022 | 2 | 11,983 EUR | 11,983 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300TWTLMZYE32W749
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,766. 895 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 formPublic limited company
Founded31-12-1985
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.
Contact details
2 entriesPhone:051/486968
Fax:051/486913