CARDIOFT
ActiveCARDIOFT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €230k and a net result of €911k. Equity is growing by ~45.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+7
Solvency30▼-63
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.24 against 6.32 in 2024; short-term debt: 69.8% and cash: 10.3% of total assets), and 94.8% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
5.2%
Return on assets
20.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 8663 sector peers (2025).
NBB · sector comparisonPosition among 8663 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
17 d early
2024
3 d early
2023
30 d late
2022
on the day
2021
19 d late
2020
31 d late
2019
31 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€230k▼ 92.7%
2024 · €3.15M
2018: €202k
2019: €421k
2020: €772k
2021: €1.26M
2022: €1.82M
2023: €2.46M
2024: €3.15M
2018 → 2025
Total assets
€4.45M▼ 4.2%
2024 · €4.65M
2018: €3.00M
2019: €2.68M
2020: €2.83M
2021: €3.03M
2022: €3.58M
2023: €4.32M
2024: €4.65M
2018 → 2025
Net result
€911k▲ 31.5%
2024 · €693k
2018: €185k
2019: €220k
2020: €353k
2021: €491k
2022: €563k
2023: €640k
2024: €693k
2018 → 2025
Working capital
€-2.35M
2024 · €1.08M
2018: €-216k
2019: €-247k
2020: €108k
2021: €592k
2022: €1.07M
2023: €856k
2024: €1.08M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.26M-€1.82M▲ 44.4%€2.46M▲ 35.0%€3.15M▲ 28.2%€230k▼ 92.7%
Operating result€685k-€773k▲ 12.9%€885k▲ 14.4%€959k▲ 8.4%€1.25M▲ 30.0%
Net result€491k-€563k▲ 14.7%€640k▲ 13.7%€693k▲ 8.3%€911k▲ 31.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.45M
Fixed assets
€3.69M▲ 9.7%
Current assets
€761k▼ 40.7%
Equity and liabilities €4.45M
Equity
€230k▼ 92.7%
Debt
€4.22M▲ 182%
The debt ratio rises from 32.2% to 94.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.43M▲
2024 · €1.24M
Cash flow
€1.09M▲
2024 · €977k
Solvency
5.2%▼
2024 · 67.8%
Current ratio
0.24▼
2024 · 6.32
Quick ratio
0.24▼
2024 · 6.32
Debt / equity
18.37▲
2024 · 0.48
ROE
396.4%▲
2024 · 22.0%
ROA
20.5%▲
2024 · 14.9%
Interest coverage
32.00▼
2024 · 36.62
Debt
€4.22M▲
2024 · €1.50M
Debt ≤ 1 year
€3.11M▲
2024 · €203k
Debt > 1 year
€1.11M▼
2024 · €1.30M
Income taxes
€291k▲
2024 · €232k
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€4.65M€4.45M▼
Fixed assets21/28€3.37M€3.69M▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€3.37M€3.69M▲
Land and buildings22€3.18M€3.38M▲
Other tangible fixed assets26€189k€314k▲
Current assets29/58€1.28M€761k▼
Amounts receivable within one year40/41€291k€223k▼
Trade receivables40€0€14k▲
Other amounts receivable41€291k€209k▼
Cash at bank and in hand54/58€879k€461k▼
Deferred charges and accrued income490/1€113k€77k▼
Equity and liabilities
Total equity and liabilities10/49€4.65M€4.45M▼
Equity10/15€3.15M€230k▼
Contributions10/11€19k€19k=
Reserves13€3.13M€211k▼
Distributable reserves133€3.13M€211k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.50M€4.22M▲
Amounts payable after more than one year17€1.30M€1.11M▼
Financial debts170/4€1.30M€1.11M▼
Amounts payable within one year42/48€203k€3.11M▲
Current portion of amounts payable after more than one year42€179k€181k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Advances received on contracts in progress46€0€847▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€3k€10k▲
Other amounts payable47/48€16k€2.91M▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€284k€180k▼
Other operating charges640/8€18k€13k▼
Gross operating margin9900€1.26M€1.44M▲
Operating profit (loss)9901€959k€1.25M▲
Financial income75/76B€62€0▼
Recurring financial income75€62€0▼
Financial charges65/66B€34k€45k▲
Recurring financial charges65€34k€45k▲
Profit (loss) for the period before taxes9903€925k€1.20M▲
Income taxes67/77€232k€291k▲
Profit (loss) for the period9904€693k€911k▲
Profit (loss) for the period to be appropriated9905€693k€911k▲
Appropriation of the result
Profit (loss) to be appropriated9906€693k€911k▲
Transfer from equity791/2-€3.13M
Transfer to equity691/2€693k€211k▼
To other reserves6921€693k€211k▼
Profit to be distributed694/7€0€3.83M▲
Return on contributions (dividend)694€0€3.83M▲
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €911k ▲31.5%
Operating result €1.25M, net result €911k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 6.32
Current ratio from 3.02 to 6.32; short-term debt falls from €424k to €203k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Equity above €2MEq €2.46M ▲35%
6 profitable years in a row build equity to €2.46M.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.74
Current ratio from 1.33 to 2.74.
31-12
Financial
Equity above €1MEq €1.26M ▲63.3%
4 profitable years in a row build equity to €1.26M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.33
Current ratio from 0.35 to 1.33; short-term debt falls from €378k to €328k.
31-12
Financial
Equity above €500kEq €772k ▲83.6%
3 profitable years in a row build equity to €772k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
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, Brugge · 1 establishment unit since 2017
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.
Jan van Eyckplein 98000 BruggeGround area
533 m²
Building footprint
182 m²
Volume, LiDAR
2,115 m³
Parcel 31005A0745/00H000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CARDIOFT
since 20172.261.372.975
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31005A0745/00H000 | Flanders | 533 m² | 1 · 182 m² | 14.6 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 39,276 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
85599Other education
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.