SAPI 26
ActiveSAPI 26 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-344k) and a net result of €-22k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 4469 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-5
Solvency33=
Growth58▼-1
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.03 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 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 2025Solvency, return and age of the figures
Solvency
-12%
Return on assets
-0.8%
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€344k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
2 d early
2023
5 d early
2022
8 d late
2021
17 d early
2020
23 d late
2019
91 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, full schema
Turnover
€53k▲ 3.9%
2024 · €51k
2019: €34k
2020: €175k
2021: €77k
2022: €32k
2023: €41k
2024: €51k
2019 → 2025
EBIT margin
-39.6%▲ 16.5pp
2024 · -56.2%
2019: -381.3%
2020: 41.4%
2021: -34.0%
2022: -115.4%
2023: -80.3%
2024: -56.2%
2019 → 2025
Net result
€-22k▲ 26.1%
2024 · €-29k
2018: €-151k
2019: €-130k
2020: €71k
2021: €-28k
2022: €-39k
2023: €-35k
2024: €-29k
2018 → 2025
Working capital
€-3.17M▼ 89.3%
2024 · €-1.67M
2018: €-1.52M
2019: €-1.64M
2020: €-1.54M
2021: €-1.59M
2022: €-1.69M
2023: €-1.70M
2024: €-1.67M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€77k-€32k▼ 57.6%€41k▲ 27.7%€51k▲ 24.1%€53k▲ 3.9%
Equity€-219k-€-258k▼ 17.7%€-293k▼ 13.7%€-323k▼ 10.0%€-344k▼ 6.7%
Operating result€-26k-€-37k▼ 43.8%€-33k▲ 11.2%€-29k▲ 13.2%€-21k▲ 26.7%
Net result€-28k-€-39k▼ 38.6%€-35k▲ 8.5%€-29k▲ 17.1%€-22k▲ 26.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €29k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.88M
Fixed assets
€2.83M▲ 109%
Current assets
€50k▲ 5.2%
Key figures and ratios
EBITDA
€48k▲
2024 · €30k
Cash flow
€48k▲
2024 · €29k
Solvency
-12.0%▲
2024 · -23.0%
Current ratio
0.02▼
2024 · 0.03
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
-9.35▼
2024 · -5.34
ROE
6.3%▼
2024 · 9.1%
ROA
-0.8%▲
2024 · -2.1%
Debt
€3.22M▲
2024 · €1.72M
Debt ≤ 1 year
€3.22M▲
2024 · €1.72M
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€1.40M€2.88M▲
Fixed assets21/28€1.35M€2.83M▲
Tangible fixed assets22/27€1.35M€2.83M▲
Land and buildings22€1.31M€2.78M▲
Plant, machinery and equipment23€40k€34k▼
Furniture and vehicles24-€1k
Assets under construction and advance payments27-€6k
Current assets29/58€48k€50k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0€8k▲
Trade receivables40€0€8k▲
Cash at bank and in hand54/58€48k€40k▼
Deferred charges and accrued income490/1€158€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.40M€2.88M▲
Equity10/15€-323k€-344k▼
Contributions10/11€83k€83k=
Profit (loss) carried forward14€-405k€-427k▼
Amounts payable17/49€1.72M€3.22M▲
Amounts payable within one year42/48€1.72M€3.22M▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Other amounts payable47/48€1.72M€3.22M▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Operating income70/76A€51k€63k▲
Turnover70€51k€53k▲
Other operating income74-€10k
Operating charges60/66A€80k€85k▲
Services and other goods61€19k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€69k▲
Other operating charges640/8€3k€4k▲
Operating profit (loss)9901€-29k€-21k▲
Financial charges65/66B€469€503▲
Recurring financial charges65€469€503▲
Debt charges650€31€0▼
Other financial charges652/9€438€503▲
Profit (loss) for the period before taxes9903€-29k€-22k▲
Profit (loss) for the period9904€-29k€-22k▲
Profit (loss) for the period to be appropriated9905€-29k€-22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-405k€-427k▼
Profit (loss) brought forward from the previous period14P€-376k€-405k▼
The notes to these accounts (25 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 8 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 23 days late
2020
31-12
Financial
Back to profitnet €71k
Net result €71k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mons · 1 establishment unit since 2013
Ground area
4,168 m²
Parcel 53048A0032/02V000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue des Fusillés 11, 7020 Mons
since 20132.223.538.918
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53048A0032/02V000 | Wallonia | 4,168 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.
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Of 7,284 companies in sector 68110 we hold annual accounts for 5,351. 2,429 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2013
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.