SO WE ARE
ActiveSummary
SO WE ARE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €-12k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 50% of 643 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
55
/ 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
Profitability1▼-7
Solvency65▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.81 in 2024; short-term debt: 58.1% and cash: 62.8% of total assets), and 59.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Sector 32
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
40.5%
Return on assets
-13.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-12k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
25 d early
2024
29 d late
2023
on the day
2022
3 d early
2021
23 d late
2020
27 d late
2019
28 d late
← 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, micro schema
Equity
€35k▼ 38.5%
2024 · €58k
2018: €34k
2019: €56k
2020: €82k
2021: €101k
2022: €112k
2023: €89k
2024: €58k
2018 → 2025
Total assets
€87k▼ 18.3%
2024 · €107k
2018: €67k
2019: €93k
2020: €117k
2021: €132k
2022: €131k
2023: €134k
2024: €107k
2018 → 2025
Net result
€-12k▼ 26.8%
2024 · €-10k
2018: €21k
2019: €23k
2020: €25k
2021: €20k
2022: €10k
2023: €-2k
2024: €-10k
2018 → 2025
Working capital
€21k▼ 46.1%
2024 · €38k
2018: €33k
2019: €54k
2020: €71k
2021: €74k
2022: €88k
2023: €65k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€112k▲ 10.3%€89k▼ 20.3%€58k▼ 35.4%€35k▼ 38.5%
Operating result€26k-€14k▼ 45.8%€-2k€-9k▼ 348%€-12k▼ 23.4%
Net result€20k-€10k▼ 47.0%€-2k€-10k▼ 431%€-12k▼ 26.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12k in 2025 against €9k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€16k ▼ 25.5%
Current assets
€71k ▼ 16.5%
Equity and liabilities €87k
Equity
€35k ▼ 38.5%
Debt
€52k ▲ 5.4%
Debt's share of the balance-sheet total rises from 46.2% to 59.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-6k▼
2024 · €-4k
Cash flow
€-7k▼
2024 · €-4k
Current ratio
1.41▼
2024 · 1.81
Quick ratio
1.13▼
2024 · 1.46
Debt to equity
1.47▲
2024 · 0.86
ROE
-34.4%▼
2024 · -16.7%
ROA
-13.9%▼
2024 · -9.0%
Interest coverage
-8.92▼
2024 · -8.29
Debt ≤ 1 year
€51k▲
2024 · €47k
Debt > 1 year
€1k▼
2024 · €2k
Income taxes
€179▲
2024 · €0
Staff costs
€0▼
2024 · €86
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€87k▼
Fixed assets21/28€21k€16k▼
Tangible fixed assets22/27€21k€16k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€4k€2k▼
Other tangible fixed assets26€15k€12k▼
Current assets29/58€85k€71k▼
Stocks and contracts in progress3€17k€14k▼
Stocks30/36€17k€14k▼
Amounts receivable within one year40/41€10k€2k▼
Trade receivables40€534€2k▲
Other amounts receivable41€9k€53▼
Cash at bank and in hand54/58€59k€55k▼
Deferred charges and accrued income490/1€259€322▲
Equity and liabilities
Total equity and liabilities10/49€107k€87k▼
Equity10/15€58k€35k▼
Contributions10/11€12k€12k=
Reserves13€52k€42k▼
Distributable reserves133€52k€42k▼
Profit (loss) carried forward14€-6k€-19k▼
Amounts payable17/49€49k€52k▲
Amounts payable after more than one year17€2k€1k▼
Financial debts170/4€2k€1k▼
Amounts payable within one year42/48€47k€51k▲
Current portion of amounts payable after more than one year42€907€952▲
Trade debts44€8k€9k▲
Suppliers440/4€8k€9k▲
Taxes, remuneration and social security45€9k€17k▲
Taxes450/3€9k€17k▲
Other amounts payable47/48€29k€24k▼
Income statement
Code20242025
Remuneration, social security and pensions62€86€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€510€575▲
Gross operating margin9900€-3k€-5k▼
Operating profit (loss)9901€-9k€-12k▼
Financial income75/76B€176€176▲
Recurring financial income75€176€176▲
Financial charges65/66B€463€675▲
Recurring financial charges65€463€675▲
Profit (loss) for the period before taxes9903€-10k€-12k▼
Income taxes67/77€0€179▲
Profit (loss) for the period9904€-10k€-12k▼
Profit (loss) for the period to be appropriated9905€-10k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-19k▼
Profit (loss) brought forward from the previous period14P-€-6k
Transfer from equity791/2€25k€10k▼
Profit to be distributed694/7€22k€10k▼
Return on contributions (dividend)694€22k€10k▼
The notes to these accounts (5 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Equity above €100kEq €101k ▲24.2%
4 profitable years in a row build equity to €101k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €25k ▲10.9%
Operating result €33k, net result €25k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 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, Leuven · 1 establishment unit since 2017
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.
Parkstraat 2153000 LeuvenGround area
241 m²
Building footprint
102 m²
Volume, LiDAR
917 m³
Parcel 24502C0251/00H013, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Billy Rose
since 20172.269.756.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502C0251/00H013 | Flanders | 241 m² | 1 · 102 m² | 14.9 m · 4 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
2023 · 1 entry · 132 EUR awarded · 132 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 132 EUR | 132 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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KS OLYMPIC
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FF design
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Of 1,529 companies in sector 32123 we hold annual accounts for 225. 180 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
Founded09-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
32123Manufacture of jewellery
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.