FLASH FOR
ActiveFLASH FOR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60 and a net result of €19k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency10▼-23
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.38 in 2024), and 99.9% 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 · 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 780 sector peers (2025).
NBB · sector comparisonPosition among 780 sector peers
Solvency
better than 14%
← weakest
strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
29 d late
2023
55 d late
2022
26 d early
2021
31 d early
2020
55 d late
2019
88 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
€60
2024 · €-19k
2018: €-23k
2019: €-28k
2020: €-19k
2021: €-27k
2022: €-27k
2023: €-24k
2024: €-19k
2018 → 2025
Total assets
€67k▲ 473%
2024 · €12k
2018: €35k
2019: €18k
2020: €16k
2021: €299
2022: €299
2023: €6k
2024: €12k
2018 → 2025
Net result
€19k▲ 300%
2024 · €5k
2018: €3k
2019: €-5k
2020: €9k
2021: €-8k
2023: €3k
2024: €5k
2018 → 2025
Working capital
€-2k▲ 88.5%
2024 · €-19k
2018: €-26k
2019: €-31k
2020: €-21k
2021: €-27k
2022: €-27k
2023: €-24k
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-27k-€-27k=€-24k▲ 12.8%€-19k▲ 20.1%€60
Operating result€-7k-€3k€5k▲ 38.9%€19k▲ 297%
Net result€-8k-€3k€5k▲ 37.1%€19k▲ 300%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 297% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€2k▲ 974%
Current assets
€65k▲ 464%
Equity and liabilities €67k
Equity
€60
Debt
€67k
Debt finances 99.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€19k▲
2024 · €5k
Cash flow
€19k▲
2024 · €5k
Solvency
0.1%▲
2024 · -161.3%
Current ratio
0.97▲
2024 · 0.38
Quick ratio
0.97▲
2024 · 0.38
Debt / equity
1119.05▲
2024 · -1.62
ROE
31622.4%▲
2024 · -25.1%
ROA
28.2%▼
2024 · 40.5%
Interest coverage
146.69▲
2024 · 78.35
Debt
€67k▲
2024 · €31k
Debt ≤ 1 year
€67k▲
2024 · €31k
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€12k€67k▲
Fixed assets21/28€210€2k▲
Tangible fixed assets22/27€210€2k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€210€991▲
Current assets29/58€11k€65k▲
Amounts receivable within one year40/41€5k€53k▲
Trade receivables40€4k€53k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€12k€67k▲
Equity10/15€-19k€60▲
Contributions10/11€8k€8k=
Reserves13€7k-
Tax-exempt reserves132€7k-
Profit (loss) carried forward14€-34k€-8k▲
Amounts payable17/49€31k€67k▲
Amounts payable within one year42/48€31k€67k▲
Trade debts44-€34k
Suppliers440/4-€34k
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€28k€24k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53€193▲
Other operating charges640/8€487€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€5k€23k▲
Operating profit (loss)9901€5k€19k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€62€131▲
Recurring financial charges65€62€131▲
Profit (loss) for the period before taxes9903€5k€19k▲
Profit (loss) for the period9904€5k€19k▲
Transfer from tax-exempt reserves789-€7k
Profit (loss) for the period to be appropriated9905€5k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-8k▲
Profit (loss) brought forward from the previous period14P€-39k€-34k▲
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €19k ▲300%
Operating result €19k, net result €19k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-8k ▼187%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 55 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
10-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 10 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waterloo · 1 establishment unit since 2003
Ground area
2,844 m²
Building footprint
520 m²
Volume, LiDAR
4,575 m³
2 parcels, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Bruxelles 124, 1410 Waterloo
since 20032.126.854.068
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764O0259/00H000 | Wallonia | 1,730 m² | 1 · 161 m² | 8.0 m · 2 fl. |
| 25762G0116/00_000 | Wallonia | 1,113 m² | 1 · 358 m² | 12.7 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.
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Of 1,009 companies in sector 78200 we hold annual accounts for 644. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2003
Fiscal year end31-12
Activities, NACEBEL
78200Temporary employment agencies and other provision of personnel
78300Employment activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.