M&E CONNECT
ActiveM&E CONNECT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 27172 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.33 against 6.93 in 2024), and 27.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
72.9%
Return on assets
-43.8%
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3k
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 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
35 d early
2023
6 d early
2022
9 d early
2021
3 d early
2020
2 d early
2019
14 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
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 37.6%
2024 · €9k
2018: €237k
2019: €251k
2020: €113k
2021: €19k
2022: €16k
2023: €14k
2024: €9k
2018 → 2025
Total assets
€7k▼ 24.9%
2024 · €10k
2018: €409k
2019: €680k
2020: €404k
2021: €139k
2022: €17k
2023: €14k
2024: €10k
2018 → 2025
Net result
€-3k▲ 39.2%
2024 · €-5k
2018: €14k
2019: €15k
2020: €-139k
2021: €-94k
2022: €-3k
2023: €-2k
2024: €-5k
2018 → 2025
Working capital
€5k▼ 35.1%
2024 · €7k
2018: €183k
2019: €427k
2020: €203k
2021: €125k
2022: €13k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€16k▼ 13.5%€14k▼ 13.9%€9k▼ 38.2%€5k▼ 37.6%
Operating result€-90k-€427€-3k€-5k▼ 103%€-3k▲ 39.0%
Net result€-94k-€-3k▲ 97.3%€-2k▲ 10.9%€-5k▼ 137%€-3k▲ 39.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€720▼ 50.0%
Current assets
€7k▼ 20.6%
Equity and liabilities €7k
Equity
€5k▼ 37.6%
Debt
€2k▲ 65.3%
The debt ratio rises from 12.3% to 27.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-5k
Cash flow
€-3k▲
2024 · €-5k
Solvency
72.9%▼
2024 · 87.7%
Current ratio
3.33▼
2024 · 6.93
Quick ratio
3.33▼
2024 · 6.93
Debt / equity
0.37▲
2024 · 0.14
ROE
-60.1%▲
2024 · -61.8%
ROA
-43.8%▲
2024 · -54.2%
Interest coverage
-57.44▼
2024 · -50.23
Debt
€2k▲
2024 · €1k
Debt ≤ 1 year
€2k▲
2024 · €1k
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€10k€7k▼
Fixed assets21/28€1k€720▼
Tangible fixed assets22/27€1k€720▼
Land and buildings22€1k€720▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€8k€7k▼
Amounts receivable within one year40/41€8k€2▼
Other amounts receivable41€8k€2▼
Cash at bank and in hand54/58€71€7k▲
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€10k€7k▼
Equity10/15€9k€5k▼
Contributions10/11€21k€21k=
Reserves13€106k€106k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€101k€101k=
Profit (loss) carried forward14€-118k€-121k▼
Amounts payable17/49€1k€2k▲
Amounts payable within one year42/48€1k€2k▲
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Other amounts payable47/48-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€720€720=
Other operating charges640/8€164€128▼
Gross operating margin9900€-4k€-2k▲
Operating profit (loss)9901€-5k€-3k▲
Financial charges65/66B€90€43▼
Recurring financial charges65€90€43▼
Profit (loss) for the period before taxes9903€-5k€-3k▲
Profit (loss) for the period9904€-5k€-3k▲
Profit (loss) for the period to be appropriated9905€-5k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€-121k▼
Profit (loss) brought forward from the previous period14P€-113k€-118k▼
The notes to these accounts (4 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
25-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 41.14
Current ratio from 14.13 to 41.14; short-term debt falls from €10k to €329.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 14.13
Current ratio from 2.20 to 14.13; short-term debt falls from €169k to €10k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-139k ▼1051%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Highest result since 2018net €15k ▲3.2%
Operating result €30k, net result €15k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Genk · 1 establishment unit since 2010
Ground area
458 m²
Building footprint
173 m²
Volume, LiDAR
575 m³
Parcel 71442C0505/00E000, Flanders · tallest building 10.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Goba Projects
since 20102.192.501.391
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71442C0505/00E000 | Flanders | 458 m² | 1 · 173 m² | 10.7 m · 1 fl. |
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 4,235 companies in sector 43230 we hold annual accounts for 1,230. 498 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2010
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.