ALGEMENE ONDERNEMING WITHOFS
ActiveALGEMENE ONDERNEMING WITHOFS has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €126k and a net result of €-16k. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability10▼-55
Solvency83▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 3.2 in 2023; short-term debt: 41.9% and cash: 14.5% of total assets), and 41.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
58.1%
Return on assets
-7.3%
Age of the figures
21 mo
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 €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
on the day
2022
7 d late
2021
26 d late
2020
13 d late
2019
23 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€126k▼ 11.2%
2023 · €141k
2018: €60k
2019: €92k
2020: €114k
2021: €98k
2022: €149k
2023: €141k
2018 → 2024
Total assets
€216k▼ 2.3%
2023 · €221k
2018: €75k
2019: €182k
2020: €206k
2021: €166k
2022: €213k
2023: €221k
2018 → 2024
Net result
€-16k▼ 119%
2023 · €-7k
2018: €9k
2019: €33k
2020: €25k
2021: €-16k
2022: €51k
2023: €-7k
2018 → 2024
Working capital
€116k▼ 18.3%
2023 · €142k
2018: €41k
2019: €60k
2020: €89k
2021: €81k
2022: €152k
2023: €142k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€114k-€98k▼ 13.9%€149k▲ 51.6%€141k▼ 4.9%€126k▼ 11.2%
Operating result€32k-€-13k€45k€-2k€-19k▼ 783%
Net result€25k-€-16k€51k€-7k€-16k▼ 119%
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 stays negative: a loss of €19k in 2024 against €2k 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 €216k
Fixed assets
€10k▼ 35.4%
Current assets
€206k▲ 0.2%
Equity and liabilities €216k
Equity
€126k▼ 11.2%
Debt
€91k▲ 13.4%
The debt ratio rises from 36.1% to 41.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2023 · €17k
Cash flow
€-12k▼
2023 · €12k
Solvency
58.1%▼
2023 · 63.9%
Current ratio
2.28▼
2023 · 3.20
Quick ratio
2.28▼
2023 · 3.20
Debt / equity
0.72▲
2023 · 0.57
ROE
-12.6%▼
2023 · -5.1%
ROA
-7.3%▼
2023 · -3.3%
Interest coverage
-25.29▼
2023 · 22.36
Debt
€91k▲
2023 · €80k
Debt ≤ 1 year
€91k▲
2023 · €64k
Income taxes
€-4k▼
2023 · €8k
Staff costs
€147k▲
2023 · €141k
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€221k€216k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Furniture and vehicles24€15k€10k▼
Current assets29/58€206k€206k▲
Amounts receivable within one year40/41€165k€174k▲
Trade receivables40€732€800▲
Other amounts receivable41€165k€173k▲
Cash at bank and in hand54/58€39k€31k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€221k€216k▼
Equity10/15€141k€126k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€25k€25k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€11k€11k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€54k€38k▼
Amounts payable17/49€80k€91k▲
Amounts payable within one year42/48€64k€91k▲
Current portion of amounts payable after more than one year42€13k-
Trade debts44€10k€52k▲
Suppliers440/4€10k€52k▲
Taxes, remuneration and social security45€42k€39k▼
Taxes450/3€17k€13k▼
Remuneration and social security454/9€25k€26k▲
Accrued charges and deferred income492/3€16k€20▼
Income statement
Code20232024
Remuneration, social security and pensions62€141k€147k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€4k▼
Other operating charges640/8€16k€17k▲
Gross operating margin9900€175k€148k▼
Operating profit (loss)9901€-2k€-19k▼
Financial income75/76B€9€0▼
Recurring financial income75€9€0▼
Financial charges65/66B€775€622▼
Recurring financial charges65€775€622▼
Profit (loss) for the period before taxes9903€-3k€-20k▼
Transfer from deferred taxes780€4k-
Income taxes67/77€8k€-4k▼
Profit (loss) for the period9904€-7k€-16k▼
Transfer from tax-exempt reserves789€11k-
Profit (loss) for the period to be appropriated9905€4k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€38k▼
Profit (loss) brought forward from the previous period14P€51k€54k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
31-12
Financial
Equity above €100kEq €149k ▲51.6%
Equity rises from €98k to €149k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Equity above €100kEq €114k ▲23.4%
3 profitable years in a row build equity to €114k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Lanaken · 1 establishment unit since 1983
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.
Kiezelweg 443620 LanakenGround area
394 m²
Building footprint
266 m²
Parcel 73014B0585/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
NV ALG ONDERNEMING WITHOFS
since 19832.023.859.468
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73014B0585/00R000 | Flanders | 394 m² | 1 · 266 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 44,011 EUR awarded · 44,011 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 511 EUR | 511 EUR |
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 42,000 EUR | 42,000 EUR |
Schemes
Subsidies ecologisch en veilig transport (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,657 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-11-1983
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
77120Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.