MOUNT OLYMPUS
ActiveSummary
MOUNT OLYMPUS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.83M and a net result of €-146k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 1201 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability34▼-22
Solvency63▼-1
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2023; short-term debt: 17.5% and cash: 0.1% of total assets), and 62.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2024Solvency, return and age of the figures
Solvency
37.6%
Return on assets
-1.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€525k▼ 27.8%
2023 · €727k
2022: €121k
2023: €727k
2022 → 2024
EBIT margin
7.8%▲ 0.4pp
2023 · 7.3%
2022: 2.3%
2023: 7.3%
2022 → 2024
Net result
€-146k
2023 · €737k
2022: €539k
2023: €737k
2022 → 2024
Working capital
€-1.78M▼ 56.7%
2023 · €-1.13M
2022: €-1.16M
2023: €-1.13M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€121k-€727k▲ 500%€525k▼ 27.8%
Equity€3.24M-€3.98M▲ 22.8%€3.83M▼ 3.7%
Operating result€3k-€53k▲ 1,801%€41k▼ 23.7%
Net result€539k-€737k▲ 36.9%€-146k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €10.20M
Fixed assets
€10.19M =
Current assets
€6k ▼ 57.6%
Equity and liabilities €10.20M
Equity
€3.83M ▼ 3.7%
Debt
€6.37M ▲ 2.2%
Debt's share of the balance-sheet total rises from 61.0% to 62.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.00▼
2023 · 0.01
Debt to equity
1.66▲
2023 · 1.57
ROE
-3.8%▼
2023 · 18.5%
ROA
-1.4%▼
2023 · 7.2%
Debt ≤ 1 year
€1.78M▲
2023 · €1.15M
Debt > 1 year
€4.45M▼
2023 · €5.07M
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€10.20M€10.20M▼
Fixed assets21/28€10.19M€10.19M=
Financial fixed assets28€10.19M€10.19M=
Affiliated companies280/1€10.19M€10.19M=
Participating interests280€10.19M€10.19M=
Current assets29/58€13k€6k▼
Stocks and contracts in progress3€0€0=
Cash at bank and in hand54/58€13k€6k▼
Deferred charges and accrued income490/1€317€125▼
Equity and liabilities
Total equity and liabilities10/49€10.20M€10.20M▼
Equity10/15€3.98M€3.83M▼
Contributions10/11€2.70M€2.70M=
Reserves13€1.28M€1.13M▼
Distributable reserves133€1.28M€1.13M▼
Amounts payable17/49€6.23M€6.37M▲
Amounts payable after more than one year17€5.07M€4.45M▼
Financial debts170/4€5.07M€4.45M▼
Subordinated loans170€2.50M€2.50M=
Credit institutions173€2.05M€1.55M▼
Other loans174€514k€393k▼
Amounts payable within one year42/48€1.15M€1.78M▲
Current portion of amounts payable after more than one year42€607k€737k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€535k€1.04M▲
Accrued charges and deferred income492/3€14k€137k▲
Income statement
Code20232024
Operating income70/76A€727k€525k▼
Turnover70€727k€525k▼
Operating charges60/66A€673k€484k▼
Services and other goods61€673k€483k▼
Other operating charges640/8€115€1k▲
Operating profit (loss)9901€53k€41k▼
Financial income75/76B€880k€0▼
Recurring financial income75€880k€0▼
Income from financial fixed assets750€880k€0▼
Financial charges65/66B€196k€187k▼
Recurring financial charges65€196k€187k▼
Debt charges650€196k€186k▼
Other financial charges652/9€376€372▼
Profit (loss) for the period before taxes9903€737k€-146k▼
Profit (loss) for the period9904€737k€-146k▼
Profit (loss) for the period to be appropriated9905€737k€-146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€737k€-146k▼
Transfer from equity791/2-€146k
From reserves792-€146k
Transfer to equity691/2€737k€0▼
To other reserves6921€737k€0▼
The notes to these accounts (29 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-146k ▼120%
Net result drops to €-146k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €737k ▲36.9%
Operating result €53k, net result €737k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Koekelare · 1 establishment unit since 2021
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.
Ambachtenstraat 18680 KoekelareGround area
2.7 ha
Building footprint
1.3 ha
Volume, LiDAR
125,120 m³
Parcel 32010A1354/00E000, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MOUNT OLYMPUS
since 20212.327.936.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A1354/00E000 | Flanders | 2.7 ha | 1 · 1.3 ha | 12.8 m · 3 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.
Similar companies · same sector, comparable size
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Deby
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ELIGIO
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MILAN INVEST
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 2,210 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
Founded07-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.