BELGIAN CO
ActiveSummary
BELGIAN CO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €730k and a net result of €228k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 76% of 10359 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-6
Solvency89▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 2.51 in 2024; short-term debt: 32.9% and cash: 11.6% of total assets), and 35.7% 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
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
64.3%
Return on assets
20%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €730k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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
24 d late
2024
27 d late
2023
1 d late
2022
30 d late
2021
37 d early
2020
5 d late
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€730k▲ 45.3%
2024 · €503k
2018: €613k
2019: €710k
2020: €711k
2021: €207k
2022: €215k
2023: €187k
2024: €503k
2018 → 2025
Total assets
€1.14M▲ 36.4%
2024 · €832k
2018: €1.28M
2019: €1.35M
2020: €860k
2021: €1.40M
2022: €904k
2023: €1.11M
2024: €832k
2018 → 2025
Net result
€228k▼ 45.3%
2024 · €416k
2018: €51k
2019: €172k
2020: €388
2021: €-3k
2022: €7k
2023: €72k
2024: €416k
2018 → 2025
Working capital
€534k▲ 30.8%
2024 · €408k
2018: €699k
2019: €643k
2020: €516k
2021: €39k
2022: €55k
2023: €425k
2024: €408k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€215k▲ 3.4%€187k▼ 13.1%€503k▲ 169%€730k▲ 45.3%
Operating result€11k-€9k▼ 20.1%€104k▲ 1,127%€543k▲ 420%€299k▼ 44.9%
Net result€-3k-€7k€72k▲ 909%€416k▲ 478%€228k▼ 45.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€228k ▲ 47.4%
Current assets
€907k ▲ 33.9%
Equity and liabilities €1.14M
Equity
€730k ▲ 45.3%
Debt
€405k ▲ 23.0%
Debt's share of the balance-sheet total falls from 39.6% to 35.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€329k▼
2024 · €568k
Cash flow
€258k▼
2024 · €441k
Current ratio
2.43▼
2024 · 2.51
Quick ratio
2.10▲
2024 · 2.05
Debt to equity
0.56▼
2024 · 0.66
ROE
31.2%▼
2024 · 82.8%
ROA
20.0%▼
2024 · 50.0%
Interest coverage
854.97▲
2024 · 93.36
Debt ≤ 1 year
€374k▲
2024 · €269k
Income taxes
€74k▼
2024 · €124k
Staff costs
€265k▲
2024 · €112k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€832k€1.14M▲
Fixed assets21/28€155k€228k▲
Tangible fixed assets22/27€154k€228k▲
Land and buildings22€108k€98k▼
Plant, machinery and equipment23€20k€20k▲
Furniture and vehicles24€3k€79k▲
Other tangible fixed assets26€24k€31k▲
Financial fixed assets28€687€687=
Current assets29/58€677k€907k▲
Stocks and contracts in progress3€125k€124k▼
Stocks30/36€125k€124k▼
Amounts receivable within one year40/41€158k€616k▲
Trade receivables40€152k€298k▲
Other amounts receivable41€6k€318k▲
Cash at bank and in hand54/58€193k€132k▼
Deferred charges and accrued income490/1€201k€35k▼
Equity and liabilities
Total equity and liabilities10/49€832k€1.14M▲
Equity10/15€503k€730k▲
Contributions10/11€19k€19k=
Reserves13€442k€700k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€442k€700k▲
Profit (loss) carried forward14€42k€11k▼
Amounts payable17/49€330k€405k▲
Amounts payable within one year42/48€269k€374k▲
Trade debts44€97k€342k▲
Suppliers440/4€97k€342k▲
Taxes, remuneration and social security45€46k€29k▼
Taxes450/3€35k€0▼
Remuneration and social security454/9€11k€29k▲
Other amounts payable47/48€126k€3k▼
Accrued charges and deferred income492/3€60k€32k▼
Income statement
Code20242025
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€112k€265k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€30k▲
Other operating charges640/8€5k€4k▼
Gross operating margin9900€684k€598k▼
Operating profit (loss)9901€543k€299k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€6k€385▼
Recurring financial charges65€6k€385▼
Profit (loss) for the period before taxes9903€540k€301k▼
Income taxes67/77€124k€74k▼
Profit (loss) for the period9904€416k€228k▼
Profit (loss) for the period to be appropriated9905€416k€228k▼
Appropriation of the result
Profit (loss) to be appropriated9906€442k€270k▼
Profit (loss) brought forward from the previous period14P€26k€42k▲
Transfer from equity791/2€100k€0▼
Transfer to equity691/2€400k€258k▼
To other reserves6921€400k€258k▼
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
Social balance
Average headcount (FTE)90873.57.7▲
The notes to these accounts (16 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Highest result since 2018net €416k ▲478%
Operating result €543k, net result €416k, both a record.
31-12
Financial
Equity above €500kEq €503k ▲169%
3 profitable years in a row build equity to €503k.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-3k ▼954%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 4.47
Current ratio from 2.01 to 4.47; short-term debt falls from €635k to €149k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Brussel · 3 establishment units since 1989
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.
Stoofstraat 22B1000 BrusselGround area
1,636 m²
Building footprint
1,442 m²
Volume, LiDAR
27,031 m³
3 parcels, Brussels · tallest building 29.0 m, ±8 floors. Linked by address, not a title deed.
3 establishment units
Stoofstraat 22, 1000 Brussel
since 19892.045.013.881
Grasmarkt 110, 1000 Brussel
since 20252.372.157.962
Bergstraat 52, 1000 Brussel
since 20252.379.357.639
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1152/00S000 | Brussels | 750 m² | 1 · 549 m² | 29.0 m · 8 fl. |
| 21004A1296/00F000 | Brussels | 599 m² | 1 · 585 m² | 23.3 m · 6 fl. |
| 21802B1077/00N000 | Brussels | 287 m² | 1 · 308 m² | 18.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
2 sitesBrussel2.045.013.881
Brussel2.379.357.639
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BRAND RETAILERS
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FLADIS
BE 0597.600.667
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ROBBERECHT MICHEL
BE 0832.136.769
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Of 899 companies in sector 47242 we hold annual accounts for 339. 150 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-1989
Fiscal year end31-12
Activities, NACEBEL 2025
47242Retail sale of chocolate and confectionery
46360Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.