payflip
ActiveSummary
payflip has been active since 2020 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 €239k. Equity is growing by ~38.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-4
Solvency64▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.75 against 1.88 in 2024; short-term debt: 40.7% and cash: 11.9% of total assets), and 61.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
38.6%
Return on assets
6.7%
Age of the figures
9 mo
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 20-05-2026, 72 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
72 d early
2024
41 d early
2023
20 d early
2022
75 d early
2021
53 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, abbreviated schema
Equity
€1.37M▲ 21.2%
2024 · €1.13M
2021: €60k
2022: €152k
2023: €882k
2024: €1.13M
2021 → 2025
Total assets
€3.54M▲ 40.7%
2024 · €2.52M
2021: €91k
2022: €299k
2023: €1.89M
2024: €2.52M
2021 → 2025
Net result
€239k▼ 3.5%
2024 · €248k
2021: €-2k
2022: €92k
2023: €-20k
2024: €248k
2021 → 2025
Working capital
€-360k
2024 · €493k
2021: €51k
2022: €132k
2023: €910k
2024: €493k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€152k▲ 152%€882k▲ 481%€1.13M▲ 28.1%€1.37M▲ 21.2%
Operating result€663-€123k▲ 18,448%€-13k€289k€363k▲ 25.6%
Net result€-2k-€92k€-20k€248k€239k▼ 3.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.54M
Fixed assets
€2.46M ▲ 67.9%
Current assets
€1.08M ▲ 2.8%
Equity and liabilities €3.54M
Equity
€1.37M ▲ 21.2%
Debt
€2.17M ▲ 56.5%
Debt's share of the balance-sheet total rises from 55.2% to 61.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€831k▲
2024 · €515k
Cash flow
€707k▲
2024 · €474k
Current ratio
0.75▼
2024 · 1.88
Debt to equity
1.59▲
2024 · 1.23
ROE
17.5%▼
2024 · 21.9%
ROA
6.7%▼
2024 · 9.8%
Interest coverage
20.35▲
2024 · 15.72
Debt ≤ 1 year
€1.44M▲
2024 · €559k
Debt > 1 year
€168k▼
2024 · €226k
Income taxes
€88k▲
2024 · €11k
Staff costs
€2.50M▲
2024 · €1.70M
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.52M€3.54M▲
Fixed assets21/28€1.47M€2.46M▲
Intangible fixed assets21€1.41M€2.41M▲
Tangible fixed assets22/27€37k€23k▼
Furniture and vehicles24€37k€23k▼
Financial fixed assets28€17k€27k▲
Current assets29/58€1.05M€1.08M▲
Amounts receivable within one year40/41€386k€538k▲
Trade receivables40€376k€483k▲
Other amounts receivable41€11k€55k▲
Cash at bank and in hand54/58€566k€423k▼
Deferred charges and accrued income490/1€100k€120k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€3.54M▲
Equity10/15€1.13M€1.37M▲
Contributions10/11€812k€812k=
Reserves13€90k€90k=
Distributable reserves133€90k€90k=
Profit (loss) carried forward14€227k€466k▲
Amounts payable17/49€1.39M€2.17M▲
Amounts payable after more than one year17€226k€168k▼
Financial debts170/4€226k€168k▼
Amounts payable within one year42/48€559k€1.44M▲
Current portion of amounts payable after more than one year42€24k€59k▲
Financial debts43€19k€121k▲
Credit institutions430/8€19k€121k▲
Trade debts44€137k€452k▲
Suppliers440/4€137k€452k▲
Advances received on contracts in progress46-€500k
Taxes, remuneration and social security45€379k€309k▼
Taxes450/3€149k€0▼
Remuneration and social security454/9€230k€309k▲
Accrued charges and deferred income492/3€603k€565k▼
Income statement
Code20242025
Non-recurring operating income76A€28€0▼
Remuneration, social security and pensions62€1.70M€2.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€226k€468k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€3k€4k▲
Gross operating margin9900€2.22M€3.33M▲
Operating profit (loss)9901€289k€363k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€33k€41k▲
Recurring financial charges65€33k€41k▲
Profit (loss) for the period before taxes9903€258k€326k▲
Income taxes67/77€11k€88k▲
Profit (loss) for the period9904€248k€239k▼
Profit (loss) for the period to be appropriated9905€248k€239k▼
Appropriation of the result
Profit (loss) to be appropriated9906€227k€466k▲
Profit (loss) brought forward from the previous period14P€-20k€227k▲
Social balance
Average headcount (FTE)908718.526.3▲
The notes to these accounts (24 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
24-09
State Gazette act
Resignation: Jon Lopez Garcia (non-statutory director)Director discharge · Power of attorney4 facts ▸
State Gazette act
Resignation: Jon Lopez Garcia (non-statutory director)
Director discharge · Power of attorney4 facts ▸
- General meeting, buitengewone algemene vergadering
- Director resignation, Jon Lopez Garcia (non-statutory director)
- Director discharge, Jon Lopez Garcia
- Power of attorney, Cambrian
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €248k
Net result €248k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.13M ▲28.1%
Equity rises from €882k to €1.13M.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-20k ▼122%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €882k ▲481%
Equity rises from €152k to €882k.
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €92k
Net result €92k after one loss-making year.
31-12
Financial
Equity above €150kEq €152k ▲152%
Equity rises from €60k to €152k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-09-2026
Resigned as Non-statutory director
Location & real-estate footprint
Registered office, Deinze · 2 establishment units since 2020
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.
Edekestraat 449800 DeinzeGround area
7,549 m²
Building footprint
7,990 m²
Volume, LiDAR
180,049 m³
2 parcels, Brussels, Flanders · tallest building 44.7 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
payflip
since 20202.303.039.326
Payflip BV
since 20222.338.576.166
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D0900/00E002 | Brussels | 6,828 m² | 1 · 7,874 m² | 44.7 m · 8 fl. |
| 44004A0869/00C000 | Flanders | 721 m² | 1 · 116 m² | 8.3 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 285 EUR awarded · 285 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 285 EUR | 285 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
875500LJ45HMYFUQHB80
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ERDEV CONSULTING
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TRANS RESEARCH
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M.T.H.
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 24,406 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
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:shareholders@payflip.be