11&
ActiveThe computed 12-month bankruptcy probability of 11& is 4.2% (elevated). The 2025 annual accounts show equity of €58k and a net result of €32k. Its solvency ranks better than 89% of 476 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+14
Growth78
Track record82
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity ample (current ratio 5.42 against 2.55 in 2024; short-term debt: 17.7% and cash: 2.6% of total assets), and 17.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Sector 53
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
82.3%
Return on assets
45%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
4 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▲ 121%
2024 · €26k
2024: €26k
2024 → 2025
Total assets
€71k▲ 63.0%
2024 · €43k
2024: €43k
2024 → 2025
Net result
€32k▲ 33.1%
2024 · €24k
2024: €24k
2024 → 2025
Working capital
€55k▲ 110%
2024 · €26k
2024: €26k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€26k-€58k▲ 121%
Operating result€30k-€39k▲ 28.5%
Net result€24k-€32k▲ 33.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€3k
Current assets
€68k
Equity and liabilities €71k
Equity
€58k▲ 121%
Debt
€13k▼ 26.3%
The debt ratio falls from 39.2% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k
Cash flow
€33k
Solvency
82.3%▲
2024 · 60.8%
Current ratio
5.42▲
2024 · 2.55
Quick ratio
5.42▲
2024 · 2.55
Debt / equity
0.22▼
2024 · 0.65
ROE
54.7%▼
2024 · 90.5%
ROA
45.0%▼
2024 · 55.0%
Interest coverage
422.13
Debt
€13k▼
2024 · €17k
Debt ≤ 1 year
€13k▼
2024 · €17k
Income taxes
€9k▲
2024 · €6k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€43k€71k▲
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€43k€68k▲
Amounts receivable within one year40/41€14k€66k▲
Trade receivables40€14k€11k▼
Other amounts receivable41-€55k
Cash at bank and in hand54/58€29k€2k▼
Deferred charges and accrued income490/1€482€220▼
Equity and liabilities
Total equity and liabilities10/49€43k€71k▲
Equity10/15€26k€58k▲
Contributions10/11€3k€3k=
Reserves13€24k€56k▲
Distributable reserves133€24k€56k▲
Amounts payable17/49€17k€13k▼
Amounts payable within one year42/48€17k€13k▼
Trade debts44€640€1k▲
Suppliers440/4€640€1k▲
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€11k€12k▲
Other amounts payable47/48€5k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€779
Gross operating margin9900€30k€40k▲
Operating profit (loss)9901€30k€39k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€88€94▲
Recurring financial charges65€88€94▲
Profit (loss) for the period before taxes9903€30k€40k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€24k€32k▲
Profit (loss) for the period to be appropriated9905€24k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€32k▲
Transfer to equity691/2€24k€32k▲
To other reserves6921€24k€32k▲
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.42
Current ratio from 2.55 to 5.42; short-term debt falls from €17k to €13k.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Maasmechelen · 1 establishment unit since 2024
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.
Heirstraat(E) 27 A3630 MaasmechelenGround area
802 m²
Building footprint
194 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
11&
since 20242.358.220.349
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73096B0129/00B000 | Flanders | 463 m² | 1 · 95 m² | - |
| 73096B0129/00C000 | Flanders | 339 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
IAM - Logistics
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Mira Trans
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PRO TIME SERVICES TRANSPORTS
BE 0737.523.662
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BERKER
BE 0720.625.371
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TOF
BE 0895.792.921
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Of 4,917 companies in sector 53200 we hold annual accounts for 1,330. 1,101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2024
Fiscal year end31-12
Activities, NACEBEL
53200Other postal and courier activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.