TRUE IT
ActiveTRUE IT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €165k and a net result of €7k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▼-18
Solvency66▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 2.16 against 1.98 in 2023; short-term debt: 25.2% and cash: 0.6% of total assets), but 59.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
30 d late
2022
60 d late
2021
61 d late
2020
89 d late
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€165k▲ 1.3%
2023 · €163k
2018: €86k
2019: €105k
2020: €109k
2021: €165k
2022: €164k
2023: €163k
2018 → 2024
Total assets
€406k▼ 5.0%
2023 · €428k
2018: €150k
2019: €161k
2020: €171k
2021: €235k
2022: €423k
2023: €428k
2018 → 2024
Net result
€7k▼ 66.7%
2023 · €21k
2018: €21k
2019: €20k
2020: €20k
2021: €56k
2022: €-2k
2023: €21k
2018 → 2024
Working capital
€119k▲ 6.2%
2023 · €112k
2018: €80k
2019: €109k
2020: €111k
2021: €163k
2022: €106k
2023: €112k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€165k▲ 51.0%€164k▼ 1.1%€163k▼ 0.1%€165k▲ 1.3%
Operating result€27k-€78k▲ 184%€3k▼ 96.0%€37k▲ 1,102%€14k▼ 62.8%
Net result€20k-€56k▲ 184%€-2k€21k€7k▼ 66.7%
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 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €406k
Fixed assets
€185k▼ 8.1%
Current assets
€221k▼ 2.2%
Equity and liabilities €406k
Equity
€165k▲ 1.3%
Debt
€241k▼ 8.9%
The debt ratio falls from 61.8% to 59.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2023 · €54k
Cash flow
€23k▼
2023 · €38k
Solvency
40.7%▲
2023 · 38.2%
Current ratio
2.16▲
2023 · 1.98
Quick ratio
2.16▲
2023 · 1.98
Debt / equity
1.45▼
2023 · 1.62
ROE
4.3%▼
2023 · 13.0%
ROA
1.7%▼
2023 · 5.0%
Interest coverage
4.35▼
2023 · 8.35
Debt
€241k▼
2023 · €264k
Debt ≤ 1 year
€102k▼
2023 · €114k
Debt > 1 year
€138k▼
2023 · €150k
Income taxes
€6k▼
2023 · €14k
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€428k€406k▼
Fixed assets21/28€201k€185k▼
Tangible fixed assets22/27€201k€185k▼
Land and buildings22€195k€180k▼
Furniture and vehicles24€6k€4k▼
Financial fixed assets28€100€100=
Current assets29/58€226k€221k▼
Amounts receivable after more than one year29€65k€67k▲
Trade receivables290€65k€67k▲
Amounts receivable within one year40/41€87k€82k▼
Trade receivables40€18k€0▼
Other amounts receivable41€69k€82k▲
Cash at bank and in hand54/58€3€3k▲
Deferred charges and accrued income490/1€74k€70k▼
Equity and liabilities
Total equity and liabilities10/49€428k€406k▼
Equity10/15€163k€165k▲
Contributions10/11€53k€53k=
Reserves13€111k€113k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€105k€107k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€264k€241k▼
Amounts payable after more than one year17€150k€138k▼
Financial debts170/4€150k€138k▼
Amounts payable within one year42/48€114k€102k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€24k€24k▲
Credit institutions430/8€24k€24k▲
Trade debts44€33k€43k▲
Suppliers440/4€33k€43k▲
Taxes, remuneration and social security45€26k€19k▼
Taxes450/3€26k€19k▼
Other amounts payable47/48€21k€5k▼
Accrued charges and deferred income492/3€406€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€16k▼
Other operating charges640/8€18k€5k▼
Gross operating margin9900€72k€35k▼
Operating profit (loss)9901€37k€14k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€6k€7k▲
Recurring financial charges65€6k€7k▲
Profit (loss) for the period before taxes9903€35k€13k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€21k€7k▼
Profit (loss) for the period to be appropriated9905€21k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€7k▼
Profit (loss) brought forward from the previous period14P€-404€0▲
Transfer from equity791/2€21k€5k▼
Transfer to equity691/2€21k€7k▼
To other reserves6921€21k€7k▼
Profit to be distributed694/7€21k€5k▼
Return on contributions (dividend)694€21k€5k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €-2k ▼103%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €56k ▲184%
Operating result €78k, net result €56k, both a record.
31-12
Financial
Equity above €150kEq €165k ▲51%
4 profitable years in a row build equity to €165k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Equity above €100kEq €105k ▲22.9%
2 profitable years in a row build equity to €105k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
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 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2003
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-06-2003
Rony Vanlee: Resigned as Manager
20-05-2003
Peter STINCKENS: Resigned as Manager
30-04-2002
Frank Santermans: Resigned as Manager
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 1998
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.
Grotstraat 33/23540 Herk-de-StadGround area
762 m²
Building footprint
122 m²
Parcel 71003A0252/00N000, Flanders. Linked by address, not a title deed.
1 establishment unit
Grotstraat 33, 3540 Herk-de-Stad
since 19982.080.557.849
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71003A0252/00N000 | Flanders | 761 m² | 1 · 121 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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,570. 40,723 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded24-01-1997
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.