BORS
ActiveThe computed 12-month bankruptcy probability of BORS is 2.2% (moderate). The 2024 annual accounts show negative equity (€-12k) and a net result of €-25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 6717 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency1▼-71
Growth32=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 1.18 in 2023; short-term debt: 124.3% and cash: 7.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
-24.3%
Return on assets
-52.1%
Age of the figures
21 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-12k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
35 d early
2022
39 d early
2021
38 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-12k
2023 · €13k
2018: €23k
2019: €21k
2020: €4k
2021: €12k
2022: €19k
2023: €13k
2018 → 2024
Total assets
€48k▲ 70.4%
2023 · €28k
2018: €50k
2019: €53k
2020: €52k
2021: €43k
2022: €33k
2023: €28k
2018 → 2024
Net result
€-25k▼ 322%
2023 · €-6k
2018: €8k
2019: €-2k
2020: €-17k
2021: €7k
2022: €8k
2023: €-6k
2018 → 2024
Working capital
€-29k
2023 · €3k
2018: €7k
2019: €4k
2020: €-5k
2021: €4k
2022: €11k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€12k▲ 161%€19k▲ 66.1%€13k▼ 30.7%€-12k
Operating result€-16k-€9k€12k▲ 28.2%€-5k€-24k▼ 410%
Net result€-17k-€7k€8k▲ 7.3%€-6k€-25k▼ 322%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €5k 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 €48k
Fixed assets
€17k▲ 58.1%
Current assets
€31k▲ 77.8%
Key figures and ratios
EBITDA
€-20k▼
2023 · €-2k
Cash flow
€-20k▼
2023 · €-3k
Solvency
-24.3%▼
2023 · 47.3%
Current ratio
0.52▼
2023 · 1.18
Quick ratio
0.52▼
2023 · 1.18
Debt / equity
-5.11▼
2023 · 1.11
ROA
-52.1%▼
2023 · -21.0%
Interest coverage
-31.22▼
2023 · -2.23
Debt
€60k▲
2023 · €15k
Debt ≤ 1 year
€60k▲
2023 · €15k
Income taxes
€11▼
2023 · €564
Staff costs
€79k▲
2023 · €50k
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€28k€48k▲
Fixed assets21/28€11k€17k▲
Tangible fixed assets22/27€11k€17k▲
Land and buildings22€2k€776▼
Plant, machinery and equipment23€872€676▼
Furniture and vehicles24€8k€15k▲
Financial fixed assets28€135€135=
Current assets29/58€18k€31k▲
Amounts receivable within one year40/41€10k€23k▲
Trade receivables40€1k€18k▲
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€28k€48k▲
Equity10/15€13k€-12k▼
Contributions10/11€13k€13k=
Reserves13€10k€10k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-10k€-35k▼
Amounts payable17/49€15k€60k▲
Amounts payable within one year42/48€15k€60k▲
Trade debts44€9k€29k▲
Suppliers440/4€9k€29k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€4k€1k▼
Remuneration and social security454/9€2k€7k▲
Other amounts payable47/48-€22k
Income statement
Code20232024
Remuneration, social security and pensions62€50k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€51k€62k▲
Operating profit (loss)9901€-5k€-24k▼
Financial income75/76B€220-
Recurring financial income75€220-
Financial charges65/66B€799€627▼
Recurring financial charges65€799€627▼
Profit (loss) for the period before taxes9903€-5k€-25k▼
Income taxes67/77€564€11▼
Profit (loss) for the period9904€-6k€-25k▼
Profit (loss) for the period to be appropriated9905€-6k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-35k▼
Profit (loss) brought forward from the previous period14P€-4k€-10k▼
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2007
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.
Florent Cootmansplein 22600 AntwerpenGround area
178 m²
Building footprint
84 m²
Volume, LiDAR
522 m³
Parcel 11302A0168/00E007, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BORS
since 20072.167.939.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0168/00E007 | Flanders | 178 m² | 1 · 84 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 338 EUR awarded · 338 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 53 EUR | 53 EUR |
| 2023 | 1 | 285 EUR | 285 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 4,351 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-2007
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
49420Removal services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.