Unit C
ActiveSummary
Unit C has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €59k and a net result of €-22k. Equity is growing by ~41.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability15▼-71
Solvency34▼-12
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 0.84 in 2023; short-term debt: 61.1% and cash: 2% of total assets), and 91.5% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
8.5%
Return on assets
-3.2%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
26 d early
2022
38 d early
2021
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€59k▼ 27.4%
2023 · €81k
2021: €23k
2022: €28k
2023: €81k
2021 → 2024
Total assets
€692k▲ 77.3%
2023 · €390k
2021: €361k
2022: €346k
2023: €390k
2021 → 2024
Net result
€-22k
2023 · €53k
2021: €3k
2022: €5k
2023: €53k
2021 → 2024
Working capital
€-41k▼ 217%
2023 · €-13k
2021: €-55k
2022: €-61k
2023: €-13k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€23k-€28k▲ 22.0%€81k▲ 191%€59k▼ 27.4%
Operating result€6k-€8k▲ 38.0%€56k▲ 608%€-13k
Net result€3k-€5k▲ 78.7%€53k▲ 962%€-22k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €56k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €691k
Fixed assets
€308k ▼ 4.0%
Current assets
€382k ▲ 474%
Equity and liabilities €692k
Equity
€59k ▼ 27.4%
Debt
€633k ▲ 105%
Debt's share of the balance-sheet total rises from 79.2% to 91.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€699▼
2023 · €70k
Cash flow
€-8k▼
2023 · €67k
Current ratio
0.90▲
2023 · 0.84
Quick ratio
0.03▼
2023 · 0.84
Debt to equity
10.75▲
2023 · 3.81
ROE
-37.7%▼
2023 · 65.7%
ROA
-3.2%▼
2023 · 13.6%
Interest coverage
0.08▼
2023 · 25.81
Debt ≤ 1 year
€423k▲
2023 · €79k
Debt > 1 year
€210k▼
2023 · €230k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€390k€692k▲
Formation expenses20€2k€1k▼
Fixed assets21/28€321k€308k▼
Tangible fixed assets22/27€321k€308k▼
Land and buildings22€321k€308k▼
Current assets29/58€67k€382k▲
Stocks and contracts in progress3-€368k
Stocks30/36-€368k
Amounts receivable within one year40/41€2k€23▼
Trade receivables40€2k€23▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€64k€14k▼
Equity and liabilities
Total equity and liabilities10/49€390k€692k▲
Equity10/15€81k€59k▼
Contributions10/11€20k€20k=
Reserves13€61k€39k▼
Distributable reserves133€61k€39k▼
Amounts payable17/49€309k€633k▲
Amounts payable after more than one year17€230k€210k▼
Financial debts170/4€230k€210k▼
Amounts payable within one year42/48€79k€423k▲
Current portion of amounts payable after more than one year42€19k€20k▲
Financial debts43-€208k
Other loans439-€208k
Trade debts44€3k€540▼
Suppliers440/4€3k€540▼
Taxes, remuneration and social security45€10k€3k▼
Taxes450/3€10k€3k▼
Other amounts payable47/48€47k€192k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€72k€3k▼
Operating profit (loss)9901€56k€-13k▼
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€53k€-22k▼
Profit (loss) for the period9904€53k€-22k▼
Profit (loss) for the period to be appropriated9905€53k€-22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€-22k▼
Transfer from equity791/2-€22k
Transfer to equity691/2€53k€0▼
To other reserves6921€53k€0▼
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-22k ▼142%
Net result drops to €-22k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €53k ▲962%
Operating result €56k, net result €53k, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Malle · 1 establishment unit since 2021
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.
Hallebaan 1242390 MalleGround area
1,525 m²
Building footprint
237 m²
Volume, LiDAR
1,329 m³
Parcel 11049B0534/00A000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Unit C
since 20212.313.895.408
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0534/00A000 | Flanders | 1,525 m² | 1 · 237 m² | 6.9 m · 2 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.
Similar companies · same sector, comparable size
COBROU
BE 0860.483.931
Frameries · Eq €58,876
DEL CAMPO
BE 0849.618.446
Kortrijk · Eq €58,858
BIHO
BE 0475.806.774
Elsene · Eq €58,792
HOME PARTNERS
BE 0430.110.866
Liège · Eq €58,653
DOMAINE D'YGGDRASIL
BE 0783.910.646
Celles (lez-Tournai) · Eq €58,621
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 3,558 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
Founded11-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
68122Development of non-residential building projects
66300Activities auxiliary to financial services and insurance activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.