BORDEAUX I
ActiveBORDEAUX I has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €568k and a net result of €129k. Equity is growing by ~21.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▲+2
Solvency29▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days only on tighter terms
Liquidity tight (current ratio 1.08 against 1.1 in 2024; short-term debt: 92.2% and cash: 0% of total assets), and 96.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
3.5%
Return on assets
0.8%
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 →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
59 d late
2020
424 d late
2019
118 d late
← 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
Not included in this filing
EBIT margin
Not included in this filing
Net result
€129k
2024 · €-35k
2018: €-167k
2019: €37k
2020: €-274k
2021: €-178k
2022: €15k
2023: €318k
2024: €-35k
2018 → 2025
Working capital
€1.17M▼ 16.0%
2024 · €1.40M
2018: €1.72M
2019: €2.32M
2020: €2.10M
2021: €1.98M
2022: €1.48M
2023: €1.41M
2024: €1.40M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€156k▲ 10.6%€474k▲ 204%€439k▼ 7.3%€568k▲ 29.4%
Operating result€-75k-€-460k▼ 516%€-145k▲ 68.5%€-135k▲ 6.9%€-6k▲ 95.7%
Net result€-178k-€15k€318k▲ 2,034%€-35k€129k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €135k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.14M
Fixed assets
€91k▼ 0.5%
Current assets
€16.05M▲ 1.2%
Equity and liabilities €16.14M
Equity
€568k▲ 29.4%
Debt
€15.57M▲ 0.4%
The debt ratio falls from 97.2% to 96.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-133k
Cash flow
€129k▲
2024 · €-33k
Solvency
3.5%▲
2024 · 2.8%
Current ratio
1.08▼
2024 · 1.10
Quick ratio
1.07▼
2024 · 1.09
Debt / equity
27.39▼
2024 · 35.28
ROE
22.7%▲
2024 · -7.9%
ROA
0.8%▲
2024 · -0.2%
Interest coverage
-0.10▲
2024 · -2.35
Debt
€15.57M▲
2024 · €15.51M
Debt ≤ 1 year
€14.88M▲
2024 · €14.46M
Debt > 1 year
€500k▼
2024 · €875k
Income taxes
€0▼
2024 · €30k
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€15.94M€16.14M▲
Fixed assets21/28€91k€91k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€1k€805▼
Other tangible fixed assets26€1k€805▼
Financial fixed assets28€90k€90k=
Current assets29/58€15.85M€16.05M▲
Stocks and contracts in progress3€53k€105k▲
Stocks30/36€53k€105k▲
Amounts receivable within one year40/41€15.74M€15.94M▲
Trade receivables40€135k€116k▼
Other amounts receivable41€15.60M€15.82M▲
Cash at bank and in hand54/58€63k€5k▼
Equity and liabilities
Total equity and liabilities10/49€15.94M€16.14M▲
Equity10/15€439k€568k▲
Contributions10/11€1.70M€1.70M=
Capital10€1.70M€1.70M=
Issued capital100€1.70M€1.70M=
Profit (loss) carried forward14€-1.26M€-1.13M▲
Amounts payable17/49€15.51M€15.57M▲
Amounts payable after more than one year17€875k€500k▼
Financial debts170/4€875k€500k▼
Amounts payable within one year42/48€14.46M€14.88M▲
Trade debts44€27k€57k▲
Suppliers440/4€27k€57k▲
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48€14.43M€14.82M▲
Accrued charges and deferred income492/3€173k€195k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€430▼
Other operating charges640/8€5k€2k▼
Gross operating margin9900€-129k€-4k▲
Operating profit (loss)9901€-135k€-6k▲
Financial income75/76B€187k€191k▲
Recurring financial income75€187k€191k▲
Financial charges65/66B€57k€56k▼
Recurring financial charges65€57k€56k▼
Profit (loss) for the period before taxes9903€-4k€129k▲
Income taxes67/77€30k€0▼
Profit (loss) for the period9904€-35k€129k▲
Profit (loss) for the period to be appropriated9905€-35k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.26M€-1.13M▲
Profit (loss) brought forward from the previous period14P€-1.23M€-1.26M▼
The notes to these accounts (12 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Back to profitnet €129k
Net result €129k after one loss-making year.
31-12
Financial
Equity above €500kEq €568k ▲29.4%
Equity rises from €439k to €568k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €318k ▲2034%
Net result €318k, the highest in the series.
31-12
Financial
Equity above €200kEq €474k ▲204%
2 profitable years in a row build equity to €474k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €156k ▲10.6%
Equity rises from €141k to €156k.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 424 days late
2020
31-12
Financial
Weakest financial yearnet €-274k ▼843%
Net result drops to €-274k, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 118 days late
2019
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.22 to 2.80; short-term debt falls from €7.88M to €1.29M.
31-12
Financial
Equity above €500kEq €593k ▲10099%
Equity rises from €6k to €593k.
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 43 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 161 days late
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 232 days late
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, Gent · 1 establishment unit since 2011
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.
Rijvisschestraat 1209052 GentGround area
6,744 m²
Building footprint
795 m²
Parcel 44082A0019/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Bordeaux I
since 20112.209.999.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082A0019/00Y000 | Flanders | 6,744 m² | 1 · 795 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.
Similar companies · same sector, comparable size
WINE IDEA
BE 0891.516.013
Braine-l'Alleud · Eq €570k
Xronos Consulting Services
BE 0840.964.660
Puurs-Sint-Amands · Eq €571k
SPIRITS - WIJNEN & CO
BE 0464.503.108
Herent · Eq €573k
Delta Fijne Wijnen
BE 0452.428.586
Damme · Eq €577k
KWALITEITSWIJNEN BOUTELEGIER
BE 0862.493.514
Brugge · Eq €579k
Of 1,051 companies in sector 46341 we hold annual accounts for 535. 311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-2011
Fiscal year end31-12
Activities, NACEBEL
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.