Active BE 0769.805.163Private limited company

8RX

Achtermaal 55 ·9320 Aalst, Belgium· 5 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

8RX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22k and a net result of €82k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 5394 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€22k
Net result	€82k
Better than sector	9%
Active	5 yrs

Financial profile 4 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on profitability, weaker on solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 4

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview4 NBB filings

Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~54% of the level (threshold 35%). We therefore deliberately show no projection line.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	5.9%	51.9%	better than 9% of 5394 sector peers
Net result	€82k	€53k	better than 59% of 5395 sector peers
Equity	€22k	€623k	better than 9% of 5395 sector peers
Gross operating margin	€121k	€87k	better than 59% of 5391 sector peers
Total assets	€380k	€1.55M	better than 16% of 5395 sector peers

Net profit

€82k

+8.8% 22-25

Total assets

€380k

-8.0% 22-25

Equity

€22k

-90.0% 22-25

Income taxes

€24k

+6.8% 22-25

Dividends

€283k

+214.2% 22-25

Debt

€358k

+88.0% 22-25

Debt ≤ 1y

€292k

+213.0% 22-25

Debt > 1y

€66k

-32.1% 22-25

Solvency

5.9%

-89.1% 22-25

ROE

367.7%

+983.1% 22-25

ROA

21.6%

+18.2% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a
Net profit	€82k	€76k	€149k	€90k
Cash flow	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-
Income taxes	€24k	€23k	€32k	€31k
Dividends	€283k	€90k	€2k	-
Total assets	€380k	€413k	€456k	€306k
Equity	€22k	€223k	€237k	€90k
Debt	€358k	€190k	€218k	€216k
of which ≤ 1y	€292k	€93k	€89k	€55k
of which > 1y	€66k	€97k	€129k	€161k
Working capital	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a
Solvency	5.9%	53.9%	52.1%	29.5%
Debt / equity	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a
ROA	21.6%	18.3%	32.6%	29.4%
ROE	367.7%	33.9%	62.7%	99.9%
EBITDA margin	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €301k · 79.0% Current assets €80k · 21.0%

Equity & liabilities

Equity €22k · 5.9% Debt €358k · 94.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€380k	€413k	€456k	€306k
Fixed assets	21/28	€301k	€310k	€316k	€283k
Tangible fixed assets	22/27	€61k	€71k	€77k	€44k
Financial fixed assets	28	€239k	€239k	€239k	€239k
Current assets	29/58	€80k	€103k	€140k	€23k
Amounts receivable within one year	40/41	€36k	€42k	€85k	€14k
Cash & bank	54/58	€26k	€29k	€24k	€10k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€380k	€413k	€456k	€306k
Equity	10/15	€22k	€223k	€237k	€90k
Contributions / capital	10/11	€100	€100	€100	€100
Reserves	13	€22k	€223k	€237k	€90k
Accumulated profits (losses)	14	€0	€0	€0	-
Amounts payable	17/49	€358k	€190k	€218k	€216k
Amounts payable after one year	17	€66k	€97k	€129k	€161k
Amounts payable within one year	42/48	€292k	€93k	€89k	€55k
Trade debts payable within one year	44	€11k	€5k	€4k	€6k
Income statement
Gross operating margin	9900	€121k	€114k	€150k	€131k
Operating result	9901	€111k	€103k	€141k	€127k
Financial income	75	€1k	€2k	€46k	€34
Financial charges	65	€6k	€7k	€7k	€6k
Result before taxes	9903	€107k	€98k	€180k	€121k
Income taxes	67/77	€24k	€23k	€32k	€31k
Net result for the period	9904	€82k	€76k	€149k	€90k
Result to be appropriated	9905	€82k	€76k	€149k	€90k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	17-06-2021
Status	Active
Postal code	9320

Establishment units 1 location

8RX / Merlou / Wijn bij het water / Achtermael

Achtermaal 55, 9320 AalstWholesale trade

since 20212.318.252.092

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41047A0042/00E000	Flanders	739 m²	1 · 143 m²	-

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.

Updates 4 events

All 8Financial 4Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

23-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €76k ▼49.1%

Net result drops to €76k, the lowest in the series; recovery starts the following year.

18-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Highest result since 2022net €149k ▲64.8%

Operating result €141k, net result €149k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 1.57

Current ratio from 0.43 to 1.57.

31-12

Financial Equity above €200kEq €237k ▲163%

2 profitable years in a row build equity to €237k.

17-04

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Retail sale of wines and spirits47251Retail trade47553Retail trade47593

Names & trade names

Legal nameNL	8RX
Trade nameNL	Merlou, Wijn bij het water, Achtermael

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