BLAUWE TOREN
ActiveBLAUWE TOREN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61.33M and a net result of €1.75M. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 68% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-29
Solvency86▲+47
Growth71=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 3.22 against 49.19 in 2024; short-term debt: 5.8% and cash: 1.8% of total assets), and 39.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
60.6%
Return on assets
1.7%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
93 d early
2023
54 d early
2022
49 d early
2021
51 d early
2020
52 d early
2019
39 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.23M▲ 6.5%
2023 · €3.04M
2018: €2.13M
2020: €2.17M
2021: €2.04M
2022: €2.47M
2023: €3.04M
2018 → 2024
EBIT margin
62.1%▼ 4.8pp
2023 · 66.9%
2018: 46.1%
2020: 48.2%
2021: 41.3%
2022: 52.9%
2023: 66.9%
2018 → 2024
Net result
€1.75M▼ 13.5%
2024 · €2.02M
2018: €1.27M
2020: €1.61M
2021: €1.46M
2022: €1.59M
2023: €1.90M
2024: €2.02M
2018 → 2025
Working capital
€12.95M▼ 20.8%
2024 · €16.36M
2018: €16.91M
2020: €16.22M
2021: €17.02M
2022: €15.15M
2023: €15.53M
2024: €16.36M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.04M-€2.47M▲ 21.1%€3.04M▲ 22.8%€3.23M▲ 6.5%
Equity€1.87M-€1.87M=€3.77M▲ 102%€5.79M▲ 53.5%€61.33M▲ 959%
Operating result€843k-€1.31M▲ 55.2%€2.03M▲ 55.3%€2.01M▼ 1.2%€2.02M▲ 0.6%
Net result€1.46M-€1.59M▲ 9.3%€1.90M▲ 19.2%€2.02M▲ 6.1%€1.75M▼ 13.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101.16M
Fixed assets
€82.37M▲ 248%
Current assets
€18.79M▲ 12.5%
Equity and liabilities €101.16M
Equity
€61.33M▲ 959%
Debt
€39.83M▲ 15.1%
The debt ratio falls from 85.7% to 39.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.83M▼
2024 · €2.85M
Cash flow
€2.56M▼
2024 · €2.86M
Solvency
60.6%▲
2024 · 14.3%
Current ratio
3.22▼
2024 · 49.19
Quick ratio
3.22▼
2024 · 49.19
Debt / equity
0.65▼
2024 · 5.98
ROE
2.8%▼
2024 · 34.9%
ROA
1.7%▼
2024 · 5.0%
Interest coverage
2.60▼
2024 · 3.96
Debt
€39.83M▲
2024 · €34.60M
Debt ≤ 1 year
€5.84M▲
2024 · €339k
Debt > 1 year
€33.00M=
2024 · €33.00M
Income taxes
€582k▼
2024 · €673k
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€40.39M€101.16M▲
Fixed assets21/28€23.69M€82.37M▲
Tangible fixed assets22/27€23.69M€82.37M▲
Land and buildings22€23.69M€82.36M▲
Plant, machinery and equipment23-€10k
Current assets29/58€16.70M€18.79M▲
Amounts receivable after more than one year29€10.91M€9.96M▼
Other amounts receivable291€10.91M€9.96M▼
Amounts receivable within one year40/41€1.84M€7.03M▲
Trade receivables40€1.48M€1.38M▼
Other amounts receivable41€359k€5.65M▲
Cash at bank and in hand54/58€3.90M€1.79M▼
Deferred charges and accrued income490/1€47k€14k▼
Equity and liabilities
Total equity and liabilities10/49€40.39M€101.16M▲
Equity10/15€5.79M€61.33M▲
Contributions10/11€1.70M€1.70M=
Capital10€1.70M€1.70M=
Issued capital100€1.70M€1.70M=
Revaluation surpluses12-€59.40M
Reserves13€170k€170k=
Non-distributable reserves130/1€170k€170k=
Legal reserve130€170k€170k=
Profit (loss) carried forward14€3.92M€64k▼
Amounts payable17/49€34.60M€39.83M▲
Amounts payable after more than one year17€33.00M€33.00M=
Financial debts170/4€33.00M€33.00M=
Other loans174€33.00M-
Amounts payable within one year42/48€339k€5.84M▲
Trade debts44€154k€83k▼
Suppliers440/4€154k€83k▼
Taxes, remuneration and social security45€186k€160k▼
Taxes450/3€186k€160k▼
Other amounts payable47/48-€5.60M
Accrued charges and deferred income492/3€1.26M€985k▼
Income statement
Code20242025
Operating income70/76A€3.70M-
Turnover70€3.23M-
Other operating income74€375k-
Non-recurring operating income76A€89k€119k▲
Operating charges60/66A€1.69M-
Services and other goods61€571k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€844k€816k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16k
Other operating charges640/8€274k€279k▲
Gross operating margin9900-€3.13M
Operating profit (loss)9901€2.01M€2.02M▲
Financial income75/76B€1.40M€1.40M▼
Recurring financial income75€1.40M€1.40M▼
Income from current assets751€1.31M-
Other financial income752/9€98k-
Financial charges65/66B€720k€1.09M▲
Recurring financial charges65€720k€1.09M▲
Debt charges650€720k-
Other financial charges652/9€772-
Profit (loss) for the period before taxes9903€2.69M€2.33M▼
Income taxes67/77€673k€582k▼
Taxes670/3€673k-
Profit (loss) for the period9904€2.02M€1.75M▼
Profit (loss) for the period to be appropriated9905€2.02M€1.75M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.92M€5.66M▲
Profit (loss) brought forward from the previous period14P€1.90M€3.92M▲
Profit to be distributed694/7-€5.60M
Return on contributions (dividend)694-€5.60M
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (20 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
31-12
Financial
Equity above €50MEq €61.33M ▲959%
7 profitable years in a row build equity to €61.33M.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.02M ▲6.1%
Net result €2.02M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.79M ▲53.5%
6 profitable years in a row build equity to €5.79M.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 6current ratio 50.65
Current ratio from 8.41 to 50.65; short-term debt falls from €2.04M to €313k.
31-12
Financial
Equity above €2MEq €3.77M ▲102%
5 profitable years in a row build equity to €3.77M.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
31 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, Oostkamp · 1 establishment unit since 1998
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.
Larestraat 938020 OostkampGround area
4,534 m²
Building footprint
206 m²
Volume, LiDAR
765 m³
Parcel 31403G0579/00B000, Flanders · tallest building 18.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
-
since 19982.088.162.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403G0579/00B000 | Flanders | 4,534 m² | 1 · 206 m² | 18.0 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 4,050 EUR awarded · 2,025 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,050 EUR | 2,025 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
25490038QQ110XUK4318
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-05-1998
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
68122Development of non-residential building projects
68310Real estate agency activities
68311Real estate activities
70113
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.