SOAB
ActiveSOAB has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €24k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-22
Solvency71▲+2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 2.3 in 2024), but 68.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
31.2%
Return on assets
4.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
27 d late
2024
61 d late
2023
67 d late
2022
32 d late
2021
12 d early
2020
11 d early
2019
61 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€158k▲ 17.9%
2024 · €134k
2018: €45k
2019: €94k
2020: €99k
2021: €79k
2022: €104k
2023: €108k
2024: €134k
2018 → 2025
Total assets
€507k▲ 13.3%
2024 · €447k
2018: €184k
2019: €244k
2020: €230k
2021: €250k
2022: €355k
2023: €397k
2024: €447k
2018 → 2025
Net result
€24k▼ 8.6%
2024 · €26k
2018: €37k
2019: €50k
2020: €4k
2021: €-19k
2022: €24k
2023: €4k
2024: €26k
2018 → 2025
Working capital
€302k▲ 23.3%
2024 · €245k
2018: €58k
2019: €97k
2020: €96k
2021: €161k
2022: €213k
2023: €160k
2024: €245k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€104k▲ 30.7%€108k▲ 4.0%€134k▲ 24.3%€158k▲ 17.9%
Operating result€-14k-€31k€13k▼ 56.3%€43k▲ 225%€45k▲ 3.8%
Net result€-19k-€24k€4k▼ 83.0%€26k▲ 532%€24k▼ 8.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 4% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €507k
Fixed assets
€9k▼ 35.5%
Current assets
€497k▲ 14.9%
Equity and liabilities €507k
Equity
€158k▲ 17.9%
Debt
€349k▲ 11.3%
The debt ratio falls from 70.0% to 68.8%: equity grows faster than debt.
Key figures and ratios
EBITDA
€50k▲
2024 · €49k
Cash flow
€29k▼
2024 · €31k
Solvency
31.2%▲
2024 · 30.0%
Current ratio
2.54▲
2024 · 2.30
Quick ratio
1.63▲
2024 · 1.40
Debt / equity
2.21▼
2024 · 2.34
ROE
15.2%▼
2024 · 19.5%
ROA
4.7%▼
2024 · 5.9%
Interest coverage
6.10▲
2024 · 6.05
Debt
€349k▲
2024 · €313k
Debt ≤ 1 year
€196k▲
2024 · €188k
Debt > 1 year
€102k▲
2024 · €60k
Income taxes
€13k▲
2024 · €10k
Staff costs
€109k▼
2024 · €109k
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€447k€507k▲
Fixed assets21/28€14k€9k▼
Tangible fixed assets22/27€13k€8k▼
Plant, machinery and equipment23€125-
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€11k€7k▼
Financial fixed assets28€656€756▲
Current assets29/58€433k€497k▲
Amounts receivable after more than one year29€25k€5k▼
Other amounts receivable291€25k€5k▼
Stocks and contracts in progress3€169k€178k▲
Stocks30/36€169k€178k▲
Amounts receivable within one year40/41€118k€95k▼
Trade receivables40€117k€87k▼
Other amounts receivable41€890€8k▲
Cash at bank and in hand54/58€75€75=
Deferred charges and accrued income490/1€121k€219k▲
Equity and liabilities
Total equity and liabilities10/49€447k€507k▲
Equity10/15€134k€158k▲
Contributions10/11€30k€30k=
Reserves13€104k€128k▲
Distributable reserves133€104k€128k▲
Amounts payable17/49€313k€349k▲
Amounts payable after more than one year17€60k€102k▲
Financial debts170/4€60k€102k▲
Amounts payable within one year42/48€188k€196k▲
Current portion of amounts payable after more than one year42€16k€37k▲
Financial debts43€27k€27k▼
Credit institutions430/8€27k€27k▼
Trade debts44€40k€61k▲
Suppliers440/4€40k€61k▲
Advances received on contracts in progress46€11k€450▼
Taxes, remuneration and social security45€87k€71k▼
Taxes450/3€59k€51k▼
Remuneration and social security454/9€27k€20k▼
Other amounts payable47/48€7k-
Accrued charges and deferred income492/3€65k€50k▼
Income statement
Code20242025
Remuneration, social security and pensions62€109k€109k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€212€120▼
Gross operating margin9900€158k€159k▲
Operating profit (loss)9901€43k€45k▲
Financial income75/76B€645€407▼
Recurring financial income75€645€407▼
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€36k€37k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€26k€24k▼
Profit (loss) for the period to be appropriated9905€26k€24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€24k▼
Transfer to equity691/2€26k€24k▼
To other reserves6921€26k€24k▼
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €158k ▲17.9%
4 profitable years in a row build equity to €158k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Equity above €100kEq €104k ▲30.7%
Equity rises from €79k to €104k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-19k ▼551%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Highest result since 2018net €50k ▲33.6%
Operating result €83k, net result €50k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 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.
Mechelsesteenweg 172018 AntwerpenGround area
554 m²
Building footprint
419 m²
Volume, LiDAR
6,379 m³
2 parcels, Flanders · tallest building 25.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
LVSB
since 20172.269.182.861
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1918/00W004 | Flanders | 301 m² | 1 · 301 m² | 21.9 m · 6 fl. |
| 11810K2743/00R002 | Flanders | 253 m² | 1 · 117 m² | 25.6 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,299 companies in sector 46423 we hold annual accounts for 806. 572 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-08-2017
Fiscal year end31-12
Trade name NL
THE IVORY CLUB
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
47711Retail sale of women's outerwear
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.