B E L U X
ActiveB E L U X has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-82k) and a net result of €-37k. Equity is shrinking by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-16
Solvency3▼-12
Growth22▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 59.03 against 8.42 in 2024; short-term debt: 0.9% and cash: 2.7% of total assets), but equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 2025Solvency, return and age of the figures
Solvency
-22%
Return on assets
-9.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-82k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
33 d late
2023
22 d early
2022
83 d early
2021
5 d early
2020
40 d early
2019
28 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€58k▼ 34.1%
2024 · €89k
2021: €115k
2022: €92k
2023: €89k
2024: €89k
2021 → 2025
EBIT margin
-63.6%▼ 33.6pp
2024 · -30.0%
2021: -15.5%
2022: -43.2%
2023: -33.1%
2024: -30.0%
2021 → 2025
Net result
€-37k▼ 32.3%
2024 · €-28k
2018: €32k
2019: €-29k
2020: €-11k
2021: €-22k
2022: €-43k
2023: €-31k
2024: €-28k
2018 → 2025
Working capital
€196k▼ 4.5%
2024 · €205k
2018: €263k
2019: €231k
2020: €214k
2021: €185k
2022: €229k
2023: €229k
2024: €205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€115k-€92k▼ 19.7%€89k▼ 3.8%€89k▼ 0.4%€58k▼ 34.1%
Equity€57k-€15k▼ 74.6%€-17k€-45k▼ 167%€-82k▼ 82.7%
Operating result€-18k-€-40k▼ 123%€-29k▲ 26.3%€-27k▲ 9.6%€-37k▼ 39.6%
Net result€-22k-€-43k▼ 95.8%€-31k▲ 26.4%€-28k▲ 10.5%€-37k▼ 32.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37k in 2025 against €27k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €374k
Fixed assets
€175k▼ 13.8%
Current assets
€200k▼ 14.4%
Key figures and ratios
EBITDA
€-9k▼
2024 · €1k
Cash flow
€-9k▼
2024 · €-231
Solvency
-22.0%▼
2024 · -10.3%
Current ratio
59.03▲
2024 · 8.42
Quick ratio
9.84▲
2024 · 1.99
Debt / equity
-5.55▲
2024 · -10.68
ROA
-9.9%▼
2024 · -6.5%
Interest coverage
-9.59▼
2024 · 0.85
Debt
€456k▼
2024 · €481k
Debt ≤ 1 year
€3k▼
2024 · €28k
Debt > 1 year
€453k=
2024 · €453k
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€436k€374k▼
Fixed assets21/28€203k€175k▼
Tangible fixed assets22/27€203k€175k▼
Land and buildings22€192k€171k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€6k€165▼
Current assets29/58€233k€200k▼
Stocks and contracts in progress3€178k€166k▼
Stocks30/36€178k€166k▼
Amounts receivable within one year40/41€27k€23k▼
Trade receivables40€27k€23k▼
Other amounts receivable41€3-
Cash at bank and in hand54/58€28k€10k▼
Equity and liabilities
Total equity and liabilities10/49€436k€374k▼
Equity10/15€-45k€-82k▼
Contributions10/11€217k€217k=
Reserves13€12k€12k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€-274k€-311k▼
Amounts payable17/49€481k€456k▼
Amounts payable after more than one year17€453k€453k=
Financial debts170/4€453k€453k=
Amounts payable within one year42/48€28k€3k▼
Current portion of amounts payable after more than one year42€10k-
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Advances received on contracts in progress46€12k-
Taxes, remuneration and social security45€2k€3▼
Taxes450/3€2k€3▼
Other amounts payable47/48€2k€2k▼
Income statement
Code20242025
Turnover70€89k€58k▼
Goods, raw materials, services and sundry goods60/61€84k€74k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k=
Other operating charges640/8€4k€4k=
Gross operating margin9900€5k€-6k▼
Operating profit (loss)9901€-27k€-37k▼
Financial income75/76B-€868
Recurring financial income75-€868
Financial charges65/66B€2k€962▼
Recurring financial charges65€2k€962▼
Profit (loss) for the period before taxes9903€-28k€-37k▼
Profit (loss) for the period9904€-28k€-37k▼
Profit (loss) for the period to be appropriated9905€-28k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-274k€-311k▼
Profit (loss) brought forward from the previous period14P€-246k€-274k▼
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 59.03
Current ratio from 8.42 to 59.03; short-term debt falls from €28k to €3k.
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 42.23
Current ratio from 13.73 to 42.23; short-term debt falls from €18k to €6k.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Baelen · 1 establishment unit since 1984
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.
Rue Stendrich 444837 BaelenGround area
1,254 m²
Building footprint
137 m²
Volume, LiDAR
896 m³
Parcel 63051A0086/00K000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Stendrich 44, 4837 Baelen
since 19842.025.186.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63051A0086/00K000 | Wallonia | 1,254 m² | 1 · 137 m² | 9.7 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.
Similar companies · same sector, comparable size
ELABORATE
BE 0891.427.525
Evere · Eq €15k
BRANDSCONCEPT
BE 0785.807.193
Brussel · Eq €15k
JONISA
BE 0597.837.229
Dilbeek · Eq €14k
Saecura
BE 1012.359.801
Seraing · Eq €14k
L.M.M. Import Export
BE 0458.259.375
Antwerpen · Eq €14k
Of 977 companies in sector 46431 we hold annual accounts for 705. 259 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-08-1984
Fiscal year end31-12
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
46494Wholesale of non-electrical household articles
47551Retail sale of household furniture
47552Retail sale of lighting equipment
47591Retail trade
47592Retail trade
51471
52441
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.