Scratch
ActiveSummary
Scratch has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €6k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-1
Solvency32▼-1
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.38 in 2024; short-term debt: 79.5% and cash: 4% of total assets), and 93.1% 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
6.9%
Return on assets
0.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
9 d early
2023
2 d early
2022
39 d early
2021
11 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
€66k▲ 9.7%
2024 · €60k
2021: €32k
2022: €39k
2023: €45k
2024: €60k
2021 → 2025
Total assets
€949k▲ 28.0%
2024 · €742k
2021: €641k
2022: €1.38M
2023: €1.07M
2024: €742k
2021 → 2025
Net result
€6k▼ 59.7%
2024 · €14k
2021: €12k
2022: €7k
2023: €7k
2024: €14k
2021 → 2025
Working capital
€130k▼ 30.1%
2024 · €187k
2021: €221k
2022: €13k
2023: €210k
2024: €187k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€39k▲ 20.3%€45k▲ 17.4%€60k▲ 31.6%€66k▲ 9.7%
Operating result€15k-€18k▲ 21.1%€18k▼ 2.0%€23k▲ 31.7%€8k▼ 67.2%
Net result€12k-€7k▼ 46.3%€7k▲ 3.1%€14k▲ 113%€6k▼ 59.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 67% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €949k
Fixed assets
€64k ▼ 5.1%
Current assets
€885k ▲ 31.3%
Equity and liabilities €949k
Equity
€66k ▲ 9.7%
Debt
€884k ▲ 29.6%
Debt's share of the balance-sheet total rises from 91.9% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34k▼
2024 · €41k
Cash flow
€32k▲
2024 · €32k
Current ratio
1.17▼
2024 · 1.38
Debt to equity
13.47▲
2024 · 11.41
ROE
8.8%▼
2024 · 24.0%
ROA
0.6%▼
2024 · 1.9%
Interest coverage
10.05▼
2024 · 97.52
Debt ≤ 1 year
€755k▲
2024 · €488k
Debt > 1 year
€0▼
2024 · €10k
Income taxes
€11k▼
2024 · €12k
Staff costs
€281k▲
2024 · €231k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€742k€949k▲
Fixed assets21/28€67k€64k▼
Tangible fixed assets22/27€67k€64k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€4k€6k▲
Leasing and similar rights25€0-
Other tangible fixed assets26€62k€55k▼
Current assets29/58€675k€885k▲
Amounts receivable within one year40/41€654k€830k▲
Trade receivables40€653k€830k▲
Other amounts receivable41€776€99▼
Cash at bank and in hand54/58€15k€38k▲
Deferred charges and accrued income490/1€5k€17k▲
Equity and liabilities
Total equity and liabilities10/49€742k€949k▲
Equity10/15€60k€66k▲
Contributions10/11€20k€20k=
Reserves13€40k€46k▲
Distributable reserves133€40k€46k▲
Amounts payable17/49€682k€884k▲
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€488k€755k▲
Current portion of amounts payable after more than one year42€14k€10k▼
Financial debts43€222€3k▲
Credit institutions430/8€222€3k▲
Trade debts44€432k€430k▼
Suppliers440/4€432k€430k▼
Taxes, remuneration and social security45€41k€99k▲
Taxes450/3€16k€60k▲
Remuneration and social security454/9€26k€40k▲
Other amounts payable47/48€0€213k▲
Accrued charges and deferred income492/3€184k€129k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€231k€281k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€27k▲
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A€9k€0▼
Gross operating margin9900€285k€318k▲
Operating profit (loss)9901€23k€8k▼
Financial income75/76B€4k€12k▲
Recurring financial income75€4k€12k▲
Financial charges65/66B€418€3k▲
Recurring financial charges65€418€3k▲
Profit (loss) for the period before taxes9903€26k€16k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€14k€6k▼
Profit (loss) for the period to be appropriated9905€14k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€6k▼
Transfer to equity691/2€14k€6k▼
To other reserves6921€14k€6k▼
Social balance
Average headcount (FTE)90873.84.4▲
The notes to these accounts (18 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €6k ▼59.7%
Net result drops to €6k, the lowest in the series.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €14k ▲113%
Operating result €23k, net result €14k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit 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.
't Walletje 106/98300 Knokke-HeistGround area
8,185 m²
Building footprint
146 m²
Volume, LiDAR
201 m³
Parcel 31039F0134/00Z000, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
Scratch
since 20202.310.813.380
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039F0134/00Z000 | Flanders | 8,185 m² | 1 · 146 m² | 7.7 m |
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
2024 · 1 entry · 1,674 EUR awarded · 1,674 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,674 EUR | 1,674 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,459 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
Founded20-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
71111Activities of building architects
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.