SORTBAT
ActiveSORTBAT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.02M and a net result of €-334k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 80% of 239 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-62
Solvency94▼-1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 2.71 in 2023; short-term debt: 31.1% and cash: 32.7% of total assets), and 31.1% 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 · 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
68.9%
Return on assets
-11.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-334k
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 20-05-2025, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
72 d early
2023
69 d early
2022
76 d early
2021
73 d early
2020
96 d early
2019
65 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.02M▼ 14.2%
2023 · €2.35M
2018: €2.18M
2019: €2.27M
2020: €2.33M
2021: €2.41M
2022: €2.39M
2023: €2.35M
2018 → 2024
Total assets
€2.93M▼ 12.3%
2023 · €3.34M
2018: €2.60M
2019: €2.75M
2020: €2.71M
2021: €2.82M
2022: €3.15M
2023: €3.34M
2018 → 2024
Net result
€-334k▼ 835%
2023 · €-36k
2018: €34k
2019: €91k
2020: €56k
2021: €86k
2022: €-25k
2023: €-36k
2018 → 2024
Working capital
€1.19M▼ 29.4%
2023 · €1.69M
2018: €1.83M
2019: €1.97M
2020: €2.12M
2021: €2.11M
2022: €2.05M
2023: €1.69M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.33M-€2.41M▲ 3.7%€2.39M▼ 1.0%€2.35M▼ 1.5%€2.02M▼ 14.2%
Operating result€87k-€133k▲ 52.6%€-8k€-17k▼ 106%€-331k▼ 1,868%
Net result€56k-€86k▲ 54.1%€-25k€-36k▼ 44.1%€-334k▼ 835%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €331k in 2024 against €17k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.93M
Fixed assets
€827k▲ 24.8%
Current assets
€2.10M▼ 21.4%
Equity and liabilities €2.93M
Equity
€2.02M▼ 14.2%
Debt
€912k▼ 7.7%
The debt ratio rises from 29.6% to 31.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-101k▼
2023 · €124k
Cash flow
€-104k▼
2023 · €105k
Solvency
68.9%▼
2023 · 70.4%
Current ratio
2.31▼
2023 · 2.71
Quick ratio
2.31▼
2023 · 2.71
Debt / equity
0.45▲
2023 · 0.42
ROE
-16.5%▼
2023 · -1.5%
ROA
-11.4%▼
2023 · -1.1%
Interest coverage
-9.19▼
2023 · 14.52
Debt
€912k▼
2023 · €988k
Debt ≤ 1 year
€912k▼
2023 · €988k
Income taxes
€-894▼
2023 · €13k
Staff costs
€1.61M▲
2023 · €1.60M
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€3.34M€2.93M▼
Fixed assets21/28€662k€827k▲
Tangible fixed assets22/27€662k€826k▲
Plant, machinery and equipment23€547k€617k▲
Furniture and vehicles24€93k€127k▲
Other tangible fixed assets26€22k€17k▼
Assets under construction and advance payments27-€65k
Financial fixed assets28-€1k
Current assets29/58€2.68M€2.10M▼
Stocks and contracts in progress3€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€825k€947k▲
Trade receivables40€649k€819k▲
Other amounts receivable41€177k€128k▼
Cash at bank and in hand54/58€1.81M€958k▼
Deferred charges and accrued income490/1€46k€199k▲
Equity and liabilities
Total equity and liabilities10/49€3.34M€2.93M▼
Equity10/15€2.35M€2.02M▼
Contributions10/11€1.75M€1.75M=
Capital10€1.75M€1.75M=
Issued capital100€1.75M€1.75M=
Reserves13€375k€375k=
Non-distributable reserves130/1€175k€175k=
Legal reserve130€175k€175k=
Distributable reserves133€200k€200k=
Profit (loss) carried forward14€227k€-106k▼
Amounts payable17/49€988k€912k▼
Amounts payable within one year42/48€988k€912k▼
Trade debts44€680k€624k▼
Suppliers440/4€680k€624k▼
Advances received on contracts in progress46€59k€77k▲
Taxes, remuneration and social security45€250k€211k▼
Taxes450/3€12k€0▼
Remuneration and social security454/9€239k€211k▼
Accrued charges and deferred income492/3€0€376▲
Income statement
Code20232024
Non-recurring operating income76A€2k€0▼
Remuneration, social security and pensions62€1.60M€1.61M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€141k€230k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€1.73M€1.51M▼
Operating profit (loss)9901€-17k€-331k▼
Financial income75/76B€2k€8k▲
Recurring financial income75€2k€8k▲
Financial charges65/66B€9k€11k▲
Recurring financial charges65€9k€11k▲
Profit (loss) for the period before taxes9903€-23k€-335k▼
Income taxes67/77€13k€-894▼
Profit (loss) for the period9904€-36k€-334k▼
Profit (loss) for the period to be appropriated9905€-36k€-334k▼
Appropriation of the result
Profit (loss) to be appropriated9906€227k€-106k▼
Profit (loss) brought forward from the previous period14P€263k€227k▼
Social balance
Average headcount (FTE)908719.121.5▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative10 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment · Permanent representative10 facts ▸
- General meeting, 16/06/2026
- Director appointment, Nele Peeters (bestuurder)
- Director appointment, UR FUTURE BV (bestuurder)
- Director appointment, UR FUTURE BV (gedelegeerd bestuurder)
- Permanent representative, Daniel Chéret
- Director reappointment, Peter Coonen (bestuurder)
- Director resignation, Peter Coonen (afgevaardigde bestuurder)
- Director reappointment, Yves Van Doren (bestuurder)
- Auditor appointment, BV VGD Bedriifsrevisoren (commissaris)
- Permanent representative, Bart Roose
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-334k
Net result drops to €-334k, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €91k ▲172%
Operating result €141k, net result €91k, both a record.
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26103668). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Nele Peeters
CurrentDirector · since 16-06-2026
Peter Coonen
CurrentDirector · since 16-06-2026
U R FUTURE
CurrentManaging director · since 16-06-2026 · Private limited company · perm. rep.: Daniel Chéret
Yves Van Doren
CurrentDirector · since 16-06-2026
16-06-2026
Nele Peeters: Appointed as Director
16-06-2026
Peter Coonen: Mandate renewed as Director
16-06-2026
Peter Coonen: Resigned as Afgevaardigde bestuurder
16-06-2026
U R FUTURE: Appointed as Managing director
16-06-2026
U R FUTURE: Appointed as Director
16-06-2026
Yves Van Doren: Mandate renewed as Director
Location & real-estate footprint
Registered office, Tienen · 1 establishment unit since 2010
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.
Walstraat 53300 TienenGround area
9,997 m²
Building footprint
3,007 m²
Volume, LiDAR
23,064 m³
Parcel 24592F0223/00E000, Flanders · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sortbat
since 20102.190.472.014
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592F0223/00E000 | Flanders | 9,997 m² | 1 · 3,007 m² | 8.8 m · 3 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.
Statutory auditor
1 auditor| VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Bart Roose | 12-08-2026 → present |
Structure & network
Connections & network
3 connected companiesLinked via shared directors
viaYves Van Doren · Chair
→
viaPeter Coonen · Bestuurder en gedelegeerd bestuurder
former→
viaPeter Coonen · Director
former→
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
SORTBATBE 0828.198.272
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 1,079,174 EUR awarded · 356,832 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 1,075,000 EUR | 352,658 EUR |
| 2023 | 1 | 1,575 EUR | 1,575 EUR |
| 2022 | 1 | 2,599 EUR | 2,599 EUR |
Schemes
Ontwikkelingsproject
Thematisch ICON project (THEM-ICON)
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
European Union, budget
2023 · 2 entries · 201,527 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 2 | 201,527 EUR |
Projects
101137774 - REUSE - EFFICIENT DIRECT RECYCLING FOR LOW-VALUE LFP BATTERY FOR CIRCULAR AND SUSTAINABLE WASTE MANAGEMENT
101137774 - REUSE - EFFICIENT DIRECT RECYCLING FOR LOW-VALUE LFP BATTERY FOR CIRCULAR AND SUSTAINABLE WASTE MANAGEMENT
European research
2 projects · 860,929 EUR EU contributionProgrammes
HORIZON
Projects
SUSTAINABLE PROCESSES FOR THE MANAGEMENT OF END-OF-LIFE BATTERIES & CRITICAL RAW MATERIALS RECOVERY
Efficient direct REcycling for low-valUe LFP battery for circular and SustainablE waste management
Similar companies · same sector, comparable size
Ecoson Recycling
BE 0428.100.788
Gent · Eq €2.02M
Metarec
BE 0825.541.066
Dilsen-Stokkem · Eq €2.02M
Indaver Separation Technologies
BE 0454.709.373
Antwerpen · Eq €2.00M
PRESTAT
BE 0840.693.654
Marche-en-Famenne · Eq €2.00M
VERPOLA
BE 0442.032.265
Brugge · Eq €2.08M
Of 977 companies in sector 38210 we hold annual accounts for 585. 390 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-07-2010
Fiscal year end31-12
Activities, NACEBEL
38120Waste collection, recovery and disposal activities
38210Materials recovery from waste
38322Waste collection, recovery and disposal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.