BULLINGER
ActiveBULLINGER has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-200k) and a net result of €228k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 796 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.21; short-term debt: 420.8% and cash: 7.5% of total assets), and equity is negative.
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 · 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 10
Relative position
BE, all sectors
reference
Sector 10
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 2025Age of the figures
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 796 sector peers (2025).
NBB · sector comparisonPosition among 796 sector peers
Solvency
better than 5%
← weakest
strongest →
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 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
5 d early
2021
31 d early
2020
10 d early
2019
5 d late
← 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
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-200k▲ 53.3%
2024 · €-428k
2018: €-1.90M
2019: €-1.91M
2020: €-1.93M
2021: €-1.92M
2022: €-2.00M
2023: €-751k
2024: €-428k
2018 → 2025
Total assets
€9k▲ 157%
2024 · €4k
2018: €992k
2019: €1.26M
2020: €779k
2021: €971k
2022: €250k
2023: €208k
2024: €4k
2018 → 2025
Net result
€228k▼ 29.3%
2024 · €323k
2018: €107k
2019: €-13k
2020: €-20k
2021: €14k
2022: €-78k
2023: €1.25M
2024: €323k
2018 → 2025
Working capital
€-30k▲ 82.1%
2024 · €-167k
2018: €210k
2019: €202k
2020: €288k
2021: €315k
2022: €-104k
2023: €-145k
2024: €-167k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1.92M-€-2.00M▼ 4.1%€-751k▲ 62.4%€-428k▲ 43.0%€-200k▲ 53.3%
Operating result€27k-€-61k€1.27M€335k▼ 73.7%€228k▼ 31.9%
Net result€14k-€-78k€1.25M€323k▼ 74.1%€228k▼ 29.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9k
Fixed assets
€874▼ 42.8%
Current assets
€8k▲ 311%
Key figures and ratios
EBITDA
€229k▼
2024 · €337k
Cash flow
€229k▼
2024 · €324k
Current ratio
0.21
Quick ratio
0.21
Debt / equity
-1.05
Interest coverage
1213.21▲
2024 · 26.99
Debt
€209k▼
2024 · €432k
Debt ≤ 1 year
€38k▼
2024 · €169k
Debt > 1 year
€171k▼
2024 · €256k
Income taxes
€106▼
2024 · €124
Staff costs
€0▼
2024 · €10k
A ratio outside any meaningful range has been withheld (balance sheet total €9k, equity €-200k).
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€4k€9k▲
Fixed assets21/28€2k€874▼
Tangible fixed assets22/27€1k€874▼
Plant, machinery and equipment23€86€0▼
Furniture and vehicles24€1k€874▼
Financial fixed assets28€74€0▼
Current assets29/58€2k€8k▲
Amounts receivable within one year40/41€1k€7k▲
Trade receivables40-€6k
Other amounts receivable41€1k€902▼
Cash at bank and in hand54/58€225€677▲
Deferred charges and accrued income490/1€381€134▼
Equity and liabilities
Total equity and liabilities10/49€4k€9k▲
Equity10/15€-428k€-200k▲
Contributions10/11€3.80M€3.80M=
Capital10€3.80M€3.80M=
Issued capital100€3.80M€3.80M=
Profit (loss) carried forward14€-4.23M€-4.00M▲
Amounts payable17/49€432k€209k▼
Amounts payable after more than one year17€256k€171k▼
Financial debts170/4€256k€171k▼
Amounts payable within one year42/48€169k€38k▼
Current portion of amounts payable after more than one year42€31k€0▼
Trade debts44€133k€6k▼
Suppliers440/4€133k€6k▼
Taxes, remuneration and social security45€323€308▼
Taxes450/3€323€308▼
Remuneration and social security454/9€0-
Other amounts payable47/48€5k€32k▲
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Non-recurring operating income76A€359k€244k▼
Remuneration, social security and pensions62€10k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€494▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€86
Gross operating margin9900€348k€231k▼
Operating profit (loss)9901€335k€228k▼
Financial income75/76B€89€184▲
Recurring financial income75€89€184▲
Financial charges65/66B€12k€189▼
Recurring financial charges65€12k€189▼
Profit (loss) for the period before taxes9903€323k€228k▼
Income taxes67/77€124€106▼
Profit (loss) for the period9904€323k€228k▼
Profit (loss) for the period to be appropriated9905€323k€228k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4.23M€-4.00M▲
Profit (loss) brought forward from the previous period14P€-4.55M€-4.23M▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €1.25M
Net result €1.25M after one loss-making year.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-78k ▼646%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
20-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 5 days late
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Damme · 1 establishment unit since 1992
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.
Kruisstraat 178340 DammeGround area
1,652 m²
Building footprint
823 m²
Volume, LiDAR
4,027 m³
Parcel 31026C0782/00M009, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruisstraat 17, 8340 Damme
since 19922.057.647.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026C0782/00M009 | Flanders | 1,652 m² | 1 · 823 m² | 11.5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDamme2.057.647.835
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Wervik
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 273 companies in sector 10510 we hold annual accounts for 121.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-05-1992
Fiscal year end30-09
Activities, NACEBEL
10510Manufacture of food products
46331Wholesale trade
51331
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.