ROUTES ET CANALISATIONS
ActiveSummary
ROUTES ET CANALISATIONS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57k and a net result of €-16k. Equity is shrinking by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▲+50
Solvency29▼-3
Growth32=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 0.9 in 2023; short-term debt: 92.7% of total assets), and 95.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 68
Relative position
BE, all sectors
reference
Sector 68
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
4.4%
Return on assets
-1.2%
Age of the figures
24 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 4809 sector peers (2024).
NBB · sector comparisonPosition among 4809 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 147 days later.
NBB · 3 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 10-12-2025, 224 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
224 d late
2023
31 d late
2022
2 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k▲ 7.6%
2023 · €-17k
2022: €-10k
2023: €-17k
2022 → 2024
Working capital
€-46k▲ 55.6%
2023 · €-104k
2022: €90k
2023: €-104k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€90k-€73k▼ 18.9%€57k▼ 21.5%
Operating result€-7k-€-16k▼ 111%€-11k▲ 27.5%
Net result€-10k-€-17k▼ 69.9%€-16k▲ 7.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2024 against €16k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.29M
Fixed assets
€140k ▼ 20.7%
Current assets
€1.15M ▲ 27.3%
Equity and liabilities €1.29M
Equity
€57k ▼ 21.5%
Debt
€1.23M ▲ 22.4%
Debt's share of the balance-sheet total rises from 93.2% to 95.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2023 · €-10k
Cash flow
€21k▲
2023 · €-11k
Current ratio
0.96▲
2023 · 0.90
Quick ratio
0.03▲
2023 · 0.01
Debt to equity
21.48▲
2023 · 13.78
ROE
-27.4%▼
2023 · -23.2%
ROA
-1.2%▲
2023 · -1.6%
Interest coverage
119.25▲
2023 · -11.27
Debt ≤ 1 year
€1.20M▲
2023 · €1.01M
Income taxes
€4k▲
2023 · €354
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.08M€1.29M▲
Fixed assets21/28€177k€140k▼
Tangible fixed assets22/27€177k€140k▼
Furniture and vehicles24€177k€140k▼
Current assets29/58€903k€1.15M▲
Stocks and contracts in progress3€889k€1.11M▲
Stocks30/36€889k€1.11M▲
Amounts receivable within one year40/41€14k€33k▲
Trade receivables40€14k-
Other amounts receivable41-€33k
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.29M▲
Equity10/15€73k€57k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Profit (loss) carried forward14€-27k€-43k▼
Amounts payable17/49€1.01M€1.23M▲
Amounts payable within one year42/48€1.01M€1.20M▲
Financial debts43€803k€1.03M▲
Credit institutions430/8€803k€1.03M▲
Taxes, remuneration and social security45€15k€4k▼
Taxes450/3€15k€4k▼
Other amounts payable47/48€189k€157k▼
Accrued charges and deferred income492/3-€37k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€37k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€-4k€30k▲
Operating profit (loss)9901€-16k€-11k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€873€211▼
Recurring financial charges65€873€211▼
Profit (loss) for the period before taxes9903€-17k€-12k▲
Income taxes67/77€354€4k▲
Profit (loss) for the period9904€-17k€-16k▲
Profit (loss) for the period to be appropriated9905€-17k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-43k▼
Profit (loss) brought forward from the previous period14P€-10k€-27k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 224 days late
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
30-09
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 2 days late
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, Lessines
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.
Rue Duval(DA) 97864 LessinesGround area
1,641 m²
Building footprint
376 m²
Parcel 55007A0684/00X000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55007A0684/00X000 | Wallonia | 1,640 m² | 1 · 376 m² | - |
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
S.A. IMMOTIVE
BE 0652.630.450
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GLENN VER EECKE
BE 0662.435.269
Wingene · Eq €57,277
Plumerias
BE 0759.622.638
Oudergem · Eq €57,252
BOUW EN PROMOTIE VROENTE 68
BE 0720.785.323
Antwerpen · Eq €57,182
KINTEKS
BE 0651.560.975
Eupen · Eq €57,161
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,377 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 formPublic limited company
Founded02-07-2021
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.