8820
Active8820 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-17k) and a net result of €-99k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 15% of 908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability54▼-8
Solvency25▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.31 against 0.22 in 2023; short-term debt: 3.2% and cash: 0.3% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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 2025Solvency, return and age of the figures
Solvency
-0.3%
Return on assets
-1.8%
Age of the figures
12 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €-17k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-04-2026, 7 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
7 d early
2023
19 d early
2022
8 d late
2021
2 d early
2020
31 d early
2019
8 d early
2018
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2025, abbreviated schema
Equity
€-17k
2023 · €82k
2018: €32k
2019: €51k
2020: €65k
2021: €70k
2022: €71k
2023: €82k
2018 → 2025
Total assets
€5.52M▲ 854%
2023 · €578k
2018: €154k
2019: €115k
2020: €122k
2021: €403k
2022: €593k
2023: €578k
2018 → 2025
Net result
€-99k
2023 · €11k
2018: €13k
2019: €19k
2020: €14k
2021: €5k
2022: €1k
2023: €11k
2018 → 2025
Working capital
€580k
2023 · €-65k
2018: €-49k
2019: €-28k
2020: €-25k
2021: €-720
2022: €-66k
2023: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€65k-€70k▲ 7.2%€71k▲ 1.7%€82k▲ 15.1%€-17k
Operating result€15k-€6k▼ 58.3%€9k▲ 43.8%€25k▲ 179%€-38k
Net result€14k-€5k▼ 67.3%€1k▼ 75.1%€11k▲ 818%€-99k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-38k in 2025, compared with €25k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €5.52M
Fixed assets
€4.76M▲ 750%
Current assets
€755k▲ 4,054%
Key figures and ratios
EBITDA
€289k▲
2023 · €47k
Cash flow
€228k▲
2023 · €33k
Solvency
-0.3%▼
2023 · 14.2%
Current ratio
4.31▲
2023 · 0.22
Quick ratio
1.35▲
2023 · 0.19
ROA
-1.8%▼
2023 · 1.9%
Interest coverage
4.55▼
2023 · 4.89
Debt
€5.53M▲
2023 · €496k
Debt ≤ 1 year
€175k▲
2023 · €83k
Debt > 1 year
€5.36M▲
2023 · €413k
A ratio outside any meaningful range has been withheld (balance sheet total €5.52M, equity €-17k).
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€578k€5.52M▲
Fixed assets21/28€560k€4.76M▲
Tangible fixed assets22/27€548k€4.75M▲
Land and buildings22€543k€4.35M▲
Plant, machinery and equipment23€5k€21k▲
Other tangible fixed assets26-€376k
Financial fixed assets28€12k€12k=
Current assets29/58€18k€755k▲
Stocks and contracts in progress3€3k€519k▲
Stocks30/36€3k€519k▲
Amounts receivable within one year40/41€5k€54k▲
Trade receivables40€5k€49k▲
Other amounts receivable41-€5k
Current investments50/53-€160k
Cash at bank and in hand54/58€10k€14k▲
Deferred charges and accrued income490/1€2k€7k▲
Equity and liabilities
Total equity and liabilities10/49€578k€5.52M▲
Equity10/15€82k€-17k▼
Contributions10/11€19k€19k=
Reserves13€64k€2k▼
Distributable reserves133€64k€2k▼
Profit (loss) carried forward14-€-37k
Amounts payable17/49€496k€5.53M▲
Amounts payable after more than one year17€413k€5.36M▲
Financial debts170/4€409k€3.27M▲
Other amounts payable178/9€4k€2.09M▲
Amounts payable within one year42/48€83k€175k▲
Current portion of amounts payable after more than one year42€31k€60k▲
Financial debts43€1k€1k▲
Credit institutions430/8€1k€1k▲
Trade debts44€10k€16k▲
Suppliers440/4€10k€16k▲
Advances received on contracts in progress46-€67k
Taxes, remuneration and social security45€3k€20k▲
Taxes450/3€3k€14k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€38k€12k▼
Accrued charges and deferred income492/3€326€2k▲
Income statement
Code20232025
Non-recurring operating income76A€250-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€327k▲
Other operating charges640/8€4k€25k▲
Non-recurring operating charges66A-€16k
Gross operating margin9900€51k€329k▲
Operating profit (loss)9901€25k€-38k▼
Financial income75/76B-€3k
Recurring financial income75-€440
Non-recurring financial income76B-€2k
Financial charges65/66B€11k€63k▲
Recurring financial charges65€10k€63k▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€15k€-99k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€11k€-99k▼
Profit (loss) for the period to be appropriated9905€11k€-99k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-99k▼
Transfer from equity791/2-€62k
Transfer to equity691/2€11k-
To other reserves6921€11k-
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-99k ▼1017%
Net result drops to €-99k, the lowest in the series.
30-09
Financial
Liquidity times 20current ratio 4.31
Current ratio from 0.22 to 4.31.
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €19k ▲45.7%
Net result €19k, the highest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Torhout · 1 establishment unit since 2018
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.
Ambachtstraat 16E8820 TorhoutGround area
2.0 ha
Building footprint
5,805 m²
Volume, LiDAR
34,911 m³
Parcel 31522B0427/00L000, Flanders · tallest building 13.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
8820
since 20182.275.382.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0427/00L000 | Flanders | 2.0 ha | 1 · 5,805 m² | 13.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.275.382.646
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Of 464 companies in sector 77392 we hold annual accounts for 164. 144 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2018
Fiscal year end30-09
Activities, NACEBEL
77392Rental and leasing activities
33170Repair, maintenance and installation of machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
45204
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
77223Rental and leasing activities
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.