BOXAN
ActiveBOXAN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66k and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency92▼-8
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 3.62 in 2024), but 53.1% 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 46
Relative position
BE, all sectors
reference
Sector 46
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
46.9%
Return on assets
16.1%
Age of the figures
11 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €66k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
5 d early
2023
22 d early
2022
5 d early
2021
3 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€66k▲ 52.5%
2024 · €43k
2018: €4k
2019: €2k
2020: €2k
2021: €-625
2022: €-2k
2023: €17k
2024: €43k
2018 → 2025
Total assets
€141k▲ 135%
2024 · €60k
2018: €25k
2019: €20k
2020: €18k
2021: €8k
2022: €9k
2023: €27k
2024: €60k
2018 → 2025
Net result
€23k▼ 14.7%
2024 · €27k
2018: €8k
2019: €-2k
2020: €-145
2021: €-2k
2022: €-2k
2023: €19k
2024: €27k
2018 → 2025
Working capital
€46k▲ 5.9%
2024 · €43k
2018: €4k
2019: €2k
2020: €2k
2021: €-625
2022: €-2k
2023: €17k
2024: €43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-625-€-2k▼ 267%€17k€43k▲ 160%€66k▲ 52.5%
Operating result€-2k-€-1k▲ 24.4%€26k€41k▲ 54.6%€35k▼ 13.0%
Net result€-2k-€-2k▲ 22.1%€19k€27k▲ 40.5%€23k▼ 14.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €141k
Fixed assets
€66k
Current assets
€75k
Equity and liabilities €141k
Equity
€66k▲ 52.5%
Debt
€75k▲ 353%
The debt ratio rises from 27.6% to 53.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€38k
Cash flow
€25k
Solvency
46.9%▼
2024 · 72.4%
Current ratio
2.59▼
2024 · 3.62
Quick ratio
2.19▼
2024 · 3.13
Debt / equity
1.13▲
2024 · 0.38
ROE
34.4%▼
2024 · 61.5%
ROA
16.1%▼
2024 · 44.5%
Interest coverage
71.81
Debt
€75k▲
2024 · €17k
Debt ≤ 1 year
€29k▲
2024 · €17k
Debt > 1 year
€46k
Income taxes
€12k▼
2024 · €14k
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€60k€141k▲
Fixed assets21/28-€66k
Tangible fixed assets22/27-€66k
Furniture and vehicles24-€66k
Current assets29/58€60k€75k▲
Stocks and contracts in progress3€8k€12k▲
Stocks30/36€8k€12k▲
Amounts receivable within one year40/41€45k€50k▲
Trade receivables40€5k€5k▲
Other amounts receivable41€40k€45k▲
Cash at bank and in hand54/58€7k€14k▲
Equity and liabilities
Total equity and liabilities10/49€60k€141k▲
Equity10/15€43k€66k▲
Contributions10/11€7k€7k=
Reserves13€37k€59k▲
Distributable reserves133€37k€59k▲
Amounts payable17/49€17k€75k▲
Amounts payable after more than one year17-€46k
Financial debts170/4-€46k
Amounts payable within one year42/48€17k€29k▲
Current portion of amounts payable after more than one year42-€15k
Trade debts44€260€2k▲
Suppliers440/4€260€2k▲
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€16k€12k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€2k€631▼
Gross operating margin9900€42k€38k▼
Operating profit (loss)9901€41k€35k▼
Financial income75/76B€250€392▲
Recurring financial income75€250€392▲
Financial charges65/66B€333€523▲
Recurring financial charges65€333€523▲
Profit (loss) for the period before taxes9903€40k€35k▼
Income taxes67/77€14k€12k▼
Profit (loss) for the period9904€27k€23k▼
Profit (loss) for the period to be appropriated9905€27k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€23k▼
Transfer to equity691/2€27k€23k▼
To other reserves6921€27k€23k▼
The notes to these accounts (8 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €27k ▲40.5%
Operating result €41k, net result €27k, both a record.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €19k
Net result €19k after 4 loss-making years.
30-09
Financial
Liquidity triplescurrent ratio 2.69
Current ratio from 0.80 to 2.69; short-term debt falls from €11k to €10k.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-2k ▼130%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-04
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
3 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, Kruisem · 1 establishment unit since 2009
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.
Karreweg(KRU) 1359770 KruisemGround area
2,500 m²
Building footprint
230 m²
Volume, LiDAR
1,155 m³
Parcel 45017C0036/00F002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOXAN
since 20092.193.450.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017C0036/00F002 | Flanders | 2,500 m² | 1 · 230 m² | 7.5 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.
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AVA KB
BE 1003.400.761
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CMB - SERVICE
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Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 1,381 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-09-2009
Fiscal year end30-09
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.