REACTIVATE
ActiveSummary
REACTIVATE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €189k and a net result of €80k. Equity is growing by ~64.8% per year across the filed fiscal years. Its solvency ranks better than 34% of 19908 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+7
Solvency74▲+22
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.93 against 0.86 in 2023; short-term debt: 6.1% and cash: 21.8% of total assets), but 50.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 86
Relative position
BE, all sectors
reference
Sector 86
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
47 d early
2022
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€189k▲ 73.4%
2023 · €109k
2022: €48k
2023: €109k
2022 → 2024
Total assets
€385k▼ 4.9%
2023 · €405k
2022: €318k
2023: €405k
2022 → 2024
Net result
€80k▲ 30.6%
2023 · €61k
2022: €43k
2023: €61k
2022 → 2024
Working capital
€93k
2023 · €-19k
2022: €-25k
2023: €-19k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€48k-€109k▲ 128%€189k▲ 73.4%
Operating result€58k-€80k▲ 39.1%€105k▲ 30.8%
Net result€43k-€61k▲ 43.5%€80k▲ 30.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €385k
Fixed assets
€268k ▼ 7.1%
Current assets
€116k ▲ 0.4%
Equity and liabilities €385k
Equity
€189k ▲ 73.4%
Debt
€195k ▼ 33.8%
Debt's share of the balance-sheet total falls from 73.0% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139k▲
2023 · €104k
Cash flow
€114k▲
2023 · €85k
Current ratio
4.93▲
2023 · 0.86
Debt to equity
1.03▼
2023 · 2.71
ROE
42.3%▼
2023 · 56.2%
ROA
20.8%▲
2023 · 15.2%
Interest coverage
30.67▲
2023 · 16.23
Debt ≤ 1 year
€24k▼
2023 · €135k
Debt > 1 year
€153k▲
2023 · €145k
Income taxes
€21k▲
2023 · €15k
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€405k€385k▼
Fixed assets21/28€289k€268k▼
Tangible fixed assets22/27€289k€268k▼
Land and buildings22€58k€46k▼
Plant, machinery and equipment23€32k€29k▼
Furniture and vehicles24€8k€14k▲
Leasing and similar rights25€189k€179k▼
Current assets29/58€116k€116k▲
Amounts receivable within one year40/41€33k€33k▲
Trade receivables40€33k€31k▼
Other amounts receivable41-€2k
Cash at bank and in hand54/58€83k€84k▲
Equity and liabilities
Total equity and liabilities10/49€405k€385k▼
Equity10/15€109k€189k▲
Contributions10/11€5k€5k=
Reserves13-€184k
Distributable reserves133-€184k
Profit (loss) carried forward14€104k€0▼
Amounts payable17/49€295k€195k▼
Amounts payable after more than one year17€145k€153k▲
Financial debts170/4€145k€153k▲
Amounts payable within one year42/48€135k€24k▼
Current portion of amounts payable after more than one year42€10k€16k▲
Financial debts43€7k€4k▼
Credit institutions430/8€7k€4k▼
Trade debts44€35k€3k▼
Suppliers440/4€35k€3k▼
Taxes, remuneration and social security45€6k€943▼
Taxes450/3€4k€943▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€77k€0▼
Accrued charges and deferred income492/3€16k€19k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€33k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€105k€141k▲
Operating profit (loss)9901€80k€105k▲
Financial income75/76B€3k€148▼
Recurring financial income75€3k€148▼
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€77k€101k▲
Income taxes67/77€15k€21k▲
Profit (loss) for the period9904€61k€80k▲
Profit (loss) for the period to be appropriated9905€61k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€80k▼
Profit (loss) brought forward from the previous period14P€43k-
Transfer from equity791/2-€104k
Transfer to equity691/2-€184k
To other reserves6921-€184k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €80k ▲30.6%
Operating result €105k, net result €80k, both a record.
31-12
Financial
Liquidity times 6current ratio 4.93
Current ratio from 0.86 to 4.93; short-term debt falls from €135k to €24k.
31-12
Financial
Equity above €150kEq €189k ▲73.4%
3 profitable years in a row build equity to €189k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €109k ▲128%
2 profitable years in a row build equity to €109k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Lummen · 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.
Schalbroekstraat 1273560 LummenGround area
1,016 m²
Building footprint
221 m²
Volume, LiDAR
679 m³
Parcel 71542D1357/00E002, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
REACTIVATE
since 20212.325.686.153
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71542D1357/00E002 | Flanders | 1,016 m² | 1 · 221 m² | 7.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,218 EUR awarded · 2,218 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 795 EUR | 795 EUR |
| 2023 | 1 | 398 EUR | 398 EUR |
| 2022 | 1 | 1,025 EUR | 1,025 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteLummen2.325.686.153
Similar companies · same sector, comparable size
OASE
BE 0427.152.564
Bornem · Eq €189,105
KINESITHERAPIE DE WEVER
BE 0819.667.816
Lendelede · Eq €188,995
Physio Solutions Kinesitherapie
BE 1002.764.422
Lier · Eq €188,882
KiToHo
BE 0740.731.392
Heuvelland · Eq €190,362
KINESANA
BE 0831.399.173
Oostkamp · Eq €187,450
Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,636 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
Founded20-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
47279Other retail sale of food
85510Sports and recreation education
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.