SUBTILT
ActiveSUBTILT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €4k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 86% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
85
/ 100
Excellent▼ -8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth52▲+20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 7.15 against 3.06 in 2023), and 14% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
86%
Return on assets
27.4%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €12k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
6 d early
2022
2 d late
2021
10 d late
2020
12 d late
2019
41 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€12k▲ 46.7%
2023 · €8k
2018: €9k
2019: €11k
2020: €8k
2021: €6k
2022: €4k
2023: €8k
2018 → 2024
Total assets
€14k▲ 14.9%
2023 · €12k
2018: €26k
2019: €25k
2020: €18k
2021: €16k
2022: €14k
2023: €12k
2018 → 2024
Net result
€4k▼ 14.4%
2023 · €4k
2018: €6k
2019: €2k
2020: €-3k
2021: €-2k
2022: €-2k
2023: €4k
2018 → 2024
Working capital
€12k▲ 46.7%
2023 · €8k
2018: €9k
2019: €11k
2020: €8k
2021: €6k
2022: €4k
2023: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€6k▼ 24.1%€4k▼ 40.0%€8k▲ 120%€12k▲ 46.7%
Operating result€-3k-€-935▲ 66.7%€-2k▼ 71.3%€6k€6k▼ 0.3%
Net result€-3k-€-2k▲ 38.1%€-2k▼ 26.1%€4k€4k▼ 14.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 0% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €14k
Equity
€12k▲ 46.7%
Debt
€2k▼ 50.7%
The debt ratio falls from 32.6% to 14.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
86.0%▲
2023 · 67.4%
Current ratio
7.15▲
2023 · 3.06
Quick ratio
6.74▲
2023 · 3.06
Debt / equity
0.16▼
2023 · 0.48
ROE
31.9%▼
2023 · 54.6%
ROA
27.4%▼
2023 · 36.8%
Debt
€2k▼
2023 · €4k
Debt ≤ 1 year
€2k▼
2023 · €4k
Income taxes
€2k▲
2023 · €518
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€12k€14k▲
Current assets29/58€12k€14k▲
Stocks and contracts in progress3-€793
Stocks30/36-€793
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€325€107▼
Other amounts receivable41€12k€13k▲
Cash at bank and in hand54/58-€231
Equity and liabilities
Total equity and liabilities10/49€12k€14k▲
Equity10/15€8k€12k▲
Contributions10/11€6k€6k=
Reserves13€2k€6k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€23€4k▲
Profit (loss) carried forward14€38€38=
Amounts payable17/49€4k€2k▼
Amounts payable within one year42/48€4k€2k▼
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€66€40▼
Suppliers440/4€66€40▼
Taxes, remuneration and social security45€518€2k▲
Taxes450/3€518€2k▲
Income statement
Code20232024
Other operating charges640/8€384€861▲
Gross operating margin9900€6k€7k▲
Operating profit (loss)9901€6k€6k▼
Financial income75/76B-€264
Recurring financial income75-€264
Financial charges65/66B€1k€558▼
Recurring financial charges65€1k€558▼
Profit (loss) for the period before taxes9903€5k€6k▲
Income taxes67/77€518€2k▲
Profit (loss) for the period9904€4k€4k▼
Profit (loss) for the period to be appropriated9905€4k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38€4k▲
Profit (loss) brought forward from the previous period14P€-4k€38▲
Transfer to equity691/2-€4k
To other reserves6921-€4k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 7.15
Current ratio from 3.06 to 7.15; short-term debt falls from €4k to €2k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.06
Current ratio from 1.36 to 3.06; short-term debt falls from €10k to €4k.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet €-3k ▼241%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Mouscron · 1 establishment unit since 2009
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.
Lauwestraat 47700 MouscronGround area
1,054 m²
Building footprint
133 m²
Parcel 54435D0099/00L004, Wallonia. Linked by address, not a title deed.
1 establishment unit
Lauwestraat 4, 7700 Mouscron
since 20092.183.746.449
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435D0099/00L004 | Wallonia | 1,054 m² | 1 · 133 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.
Similar companies · same sector, comparable size
AUVIDEX
BE 0864.712.438
Genappe · Eq €12k
BE STAGE
BE 0645.717.320
Profondeville · Eq €12k
HIGHTECH2
BE 0600.917.176
Herstal · Eq €12k
AnimalAlert.ai
BE 1021.904.995
Herzele · Eq €12k
COLLECTIONS ET PATRIMOINES
BE 0435.015.306
Welkenraedt · Eq €12k
Of 3,379 companies in sector 90393 we hold annual accounts for 930. 511 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-2009
Fiscal year end31-12
Activities, NACEBEL
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 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.