SOUTH DESK
ActiveSummary
SOUTH DESK has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €846k and a net result of €92k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency69▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.05 in 2024; short-term debt: 22.5% and cash: 0.1% of total assets), and 56.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
43.7%
Return on assets
4.7%
Age of the figures
9 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 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
30 d late
2022
31 d late
2021
60 d late
2020
31 d late
2019
21 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
€846k▲ 12.1%
2024 · €755k
2018: €358k
2019: €428k
2020: €490k
2021: €546k
2022: €599k
2023: €676k
2024: €755k
2018 → 2025
Total assets
€1.94M▼ 4.5%
2024 · €2.03M
2018: €2.31M
2019: €2.23M
2020: €2.17M
2021: €2.12M
2022: €2.06M
2023: €2.02M
2024: €2.03M
2018 → 2025
Net result
€92k▲ 16.7%
2024 · €79k
2018: €61k
2019: €70k
2020: €62k
2021: €56k
2022: €53k
2023: €77k
2024: €79k
2018 → 2025
Working capital
€-434k▲ 2.0%
2024 · €-443k
2018: €-257k
2019: €-261k
2020: €-274k
2021: €-296k
2022: €-323k
2023: €-382k
2024: €-443k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€546k-€599k▲ 9.7%€676k▲ 12.9%€755k▲ 11.6%€846k▲ 12.1%
Operating result€99k-€93k▼ 5.6%€122k▲ 30.4%€125k▲ 2.5%€139k▲ 11.4%
Net result€56k-€53k▼ 5.3%€77k▲ 45.5%€79k▲ 1.7%€92k▲ 16.7%
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 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€1.94M ▼ 3.5%
Current assets
€2k ▼ 89.3%
Equity and liabilities €1.94M
Equity
€846k ▲ 12.1%
Debt
€1.09M ▼ 14.3%
Debt's share of the balance-sheet total falls from 62.8% to 56.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▲
2024 · €194k
Cash flow
€162k▲
2024 · €148k
Current ratio
0.01▼
2024 · 0.05
Debt to equity
1.29▼
2024 · 1.69
ROE
10.8%▲
2024 · 10.4%
ROA
4.7%▲
2024 · 3.9%
Interest coverage
13.47▲
2024 · 11.54
Debt ≤ 1 year
€437k▼
2024 · €466k
Debt > 1 year
€654k▼
2024 · €808k
Income taxes
€32k▲
2024 · €30k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.03M€1.94M▼
Fixed assets21/28€2.01M€1.94M▼
Tangible fixed assets22/27€2.01M€1.94M▼
Land and buildings22€1.99M€1.92M▼
Plant, machinery and equipment23€12k€11k▼
Current assets29/58€23k€2k▼
Amounts receivable within one year40/41€20k-
Trade receivables40€20k-
Cash at bank and in hand54/58€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.03M€1.94M▼
Equity10/15€755k€846k▲
Contributions10/11€455k€455k=
Reserves13€300k€391k▲
Distributable reserves133€300k€391k▲
Amounts payable17/49€1.27M€1.09M▼
Amounts payable after more than one year17€808k€654k▼
Financial debts170/4€808k€654k▼
Amounts payable within one year42/48€466k€437k▼
Current portion of amounts payable after more than one year42€163k€153k▼
Trade debts44€8k€21k▲
Suppliers440/4€8k€21k▲
Taxes, remuneration and social security45€29k€44k▲
Taxes450/3€29k€44k▲
Other amounts payable47/48€266k€218k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€70k▲
Other operating charges640/8€43k€37k▼
Gross operating margin9900€237k€246k▲
Operating profit (loss)9901€125k€139k▲
Financial income75/76B€39-
Recurring financial income75€39-
Financial charges65/66B€17k€16k▼
Recurring financial charges65€17k€16k▼
Profit (loss) for the period before taxes9903€108k€124k▲
Income taxes67/77€30k€32k▲
Profit (loss) for the period9904€79k€92k▲
Profit (loss) for the period to be appropriated9905€79k€92k▲
Appropriation of the result
Profit (loss) to be appropriated9906€79k€92k▲
Transfer to equity691/2€79k€92k▲
To other reserves6921€79k€92k▲
The notes to these accounts (7 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €92k ▲16.7%
Operating result €139k, net result €92k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €53k ▼5.3%
Net result drops to €53k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Equity above €500kEq €546k ▲11.4%
4 profitable years in a row build equity to €546k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 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, Antwerpen · 1 establishment unit since 2015
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.
Léon Stynenstraat 75C2000 AntwerpenGround area
3,459 m²
Building footprint
993 m²
Volume, LiDAR
567 m³
Parcel 11811L3925/00R003, Flanders · tallest building 7.7 m. Linked by address, not a title deed.
1 establishment unit
SOUTH DESK
since 20152.244.622.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3925/00R003 | Flanders | 3,459 m² | 1 · 993 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.
Similar companies · same sector, comparable size
IMMO DE WINNE
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GERCAR
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ALMAGY
BE 0768.305.029
Lochristi · Eq €847,154
VALDEL IMMO
BE 0635.531.231
Sint-Pieters-Woluwe · Eq €844,850
KLAVER 4
BE 0479.281.849
Kluisbergen · Eq €844,361
Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 3,941 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
Founded20-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.