JOINED 4CS
ActiveSummary
JOINED 4CS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.37M and a net result of €140k. Equity is growing by ~15.2% per year across the filed fiscal years. Its solvency ranks better than 84% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-3
Solvency100=
Growth52▼-26
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 ample (current ratio 8.23 against 5.14 in 2024; short-term debt: 5.6% and cash: 4.9% of total assets), and 13.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
86.3%
Return on assets
8.8%
Age of the figures
9 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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
76 d late
2022
3 d late
2021
150 d early
2020
27 d early
2019
62 d early
← 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
€1.37M▲ 2.6%
2024 · €1.34M
2018: €508k
2019: €661k
2020: €776k
2021: €889k
2022: €1.00M
2023: €1.24M
2024: €1.34M
2018 → 2025
Total assets
€1.59M▼ 5.6%
2024 · €1.69M
2018: €655k
2019: €1.27M
2020: €1.35M
2021: €1.51M
2022: €1.60M
2023: €1.72M
2024: €1.69M
2018 → 2025
Net result
€140k▼ 28.5%
2024 · €195k
2018: €166k
2019: €153k
2020: €172k
2021: €208k
2022: €190k
2023: €244k
2024: €195k
2018 → 2025
Working capital
€649k▼ 5.7%
2024 · €688k
2018: €335k
2019: €288k
2020: €366k
2021: €434k
2022: €501k
2023: €703k
2024: €688k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€889k-€1.00M▲ 12.5%€1.24M▲ 24.4%€1.34M▲ 7.7%€1.37M▲ 2.6%
Operating result€309k-€285k▼ 7.7%€396k▲ 38.8%€262k▼ 33.7%€214k▼ 18.2%
Net result€208k-€190k▼ 8.4%€244k▲ 28.5%€195k▼ 20.1%€140k▼ 28.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.59M
Fixed assets
€854k ▲ 2.7%
Current assets
€739k ▼ 13.6%
Equity and liabilities €1.59M
Equity
€1.37M ▲ 2.6%
Debt
€218k ▼ 37.1%
Debt's share of the balance-sheet total falls from 20.5% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€244k▼
2024 · €295k
Cash flow
€169k▼
2024 · €228k
Current ratio
8.23▲
2024 · 5.14
Debt to equity
0.16▼
2024 · 0.26
ROE
10.1%▼
2024 · 14.6%
ROA
8.8%▼
2024 · 11.6%
Interest coverage
40.14▲
2024 · 32.23
Debt ≤ 1 year
€90k▼
2024 · €166k
Debt > 1 year
€128k▼
2024 · €180k
Income taxes
€69k▲
2024 · €61k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.69M€1.59M▼
Fixed assets21/28€832k€854k▲
Tangible fixed assets22/27€832k€804k▼
Land and buildings22€806k€787k▼
Furniture and vehicles24€24k€17k▼
Other tangible fixed assets26€996€664▼
Financial fixed assets28-€49k
Current assets29/58€855k€739k▼
Amounts receivable within one year40/41€71k€50k▼
Trade receivables40€52k€30k▼
Other amounts receivable41€19k€19k=
Current investments50/53€654k€604k▼
Cash at bank and in hand54/58€122k€78k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.69M€1.59M▼
Equity10/15€1.34M€1.37M▲
Contributions10/11€12k€12k=
Reserves13€1.33M€1.36M▲
Distributable reserves133€1.33M€1.36M▲
Profit (loss) carried forward14€0-
Amounts payable17/49€346k€218k▼
Amounts payable after more than one year17€180k€128k▼
Financial debts170/4€180k€128k▼
Amounts payable within one year42/48€166k€90k▼
Current portion of amounts payable after more than one year42€51k€52k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€83k€21k▼
Taxes450/3€81k€19k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€32k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€30k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€297k€246k▼
Operating profit (loss)9901€262k€214k▼
Financial income75/76B€3k€481▼
Recurring financial income75€3k€481▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€256k€209k▼
Income taxes67/77€61k€69k▲
Profit (loss) for the period9904€195k€140k▼
Profit (loss) for the period to be appropriated9905€195k€140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€195k€140k▼
Transfer from equity791/2€100k€105k▲
Transfer to equity691/2€195k€140k▼
To other reserves6921€195k€140k▼
Profit to be distributed694/7€100k€105k▲
Return on contributions (dividend)694€100k€105k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €140k ▼28.5%
Net result drops to €140k, the lowest in the series.
05-11
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
12-03
State Gazette act
General meeting · Director appointment
Permanent representative · Power of attorney
10-03
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
10-03
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
03-02
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial
Highest result since 2018net €244k ▲28.5%
Operating result €396k, net result €244k, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
31-12
Financial
Equity above €1MEq €1.00M ▲12.5%
5 profitable years in a row build equity to €1.00M.
Show earlier events
03-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2005
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.
Baillet-Latourlei 1022930 BrasschaatGround area
3,151 m²
Building footprint
332 m²
Volume, LiDAR
1,524 m³
2 parcels, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Joined 4Cs/Kristof Restiau BVBA
since 20052.150.575.716
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0125/00A000 | Flanders | 2,500 m² | 1 · 182 m² | 19.8 m · 2 fl. |
| 11363E0134/00M002 | Flanders | 651 m² | 1 · 150 m² | - |
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
Ownership & control
3 board mandatesBoard mandates of this companythis company sits on their board3
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J.R.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 24,345 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
Founded19-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:kristofrestiau@hotmail.com
Phone:0477/42.31.60