CARTOUCHE
ActiveCARTOUCHE has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €625k and a net result of €56k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 93% of 1987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+4
Solvency100=
Growth78=
Track record92
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 11.72 against 12.74 in 2024; short-term debt: 6.3% and cash: 26.1% of total assets), and 6.3% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
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
93.7%
Return on assets
8.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €625k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
390 d late
2023
755 d late
2022
1121 d late
2021
61 d late
2020
92 d late
2019
60 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€625k▲ 9.9%
2024 · €569k
2018: €566k
2019: €561k
2020: €531k
2021: €482k
2022: €519k
2023: €541k
2024: €569k
2018 → 2025
Total assets
€668k▲ 10.2%
2024 · €606k
2018: €569k
2019: €564k
2020: €535k
2021: €484k
2022: €550k
2023: €589k
2024: €606k
2018 → 2025
Net result
€56k▲ 99.5%
2024 · €28k
2018: €-10k
2019: €-6k
2020: €-30k
2021: €-1k
2022: €37k
2023: €21k
2024: €28k
2018 → 2025
Working capital
€454k▲ 5.6%
2024 · €430k
2018: €217k
2019: €198k
2020: €322k
2021: €291k
2022: €347k
2023: €388k
2024: €430k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€482k-€519k▲ 7.7%€541k▲ 4.1%€569k▲ 5.2%€625k▲ 9.9%
Operating result€-50k-€44k€32k▼ 27.9%€59k▲ 86.3%€95k▲ 61.1%
Net result€-1k-€37k€21k▼ 42.6%€28k▲ 31.8%€56k▲ 99.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €668k
Fixed assets
€171k▲ 22.8%
Current assets
€496k▲ 6.4%
Equity and liabilities €668k
Equity
€625k▲ 9.9%
Debt
€42k▲ 14.8%
The debt ratio rises from 6.1% to 6.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108k▲
2024 · €73k
Cash flow
€69k▲
2024 · €42k
Solvency
93.7%▼
2024 · 93.9%
Current ratio
11.72▼
2024 · 12.74
Quick ratio
11.72▼
2024 · 12.74
Debt / equity
0.07▲
2024 · 0.06
ROE
9.0%▲
2024 · 5.0%
ROA
8.4%▲
2024 · 4.7%
Interest coverage
325.92▲
2024 · 264.66
Debt
€42k▲
2024 · €37k
Debt ≤ 1 year
€42k▲
2024 · €37k
Income taxes
€43k▲
2024 · €37k
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€606k€668k▲
Fixed assets21/28€139k€171k▲
Tangible fixed assets22/27€139k€170k▲
Land and buildings22€138k€128k▼
Plant, machinery and equipment23€117€59▼
Furniture and vehicles24€786€2k▲
Other tangible fixed assets26-€40k
Financial fixed assets28€669€669=
Current assets29/58€467k€496k▲
Amounts receivable after more than one year29-€96k
Other amounts receivable291-€96k
Amounts receivable within one year40/41€87k€2k▼
Trade receivables40€3k€318▼
Other amounts receivable41€84k€1k▼
Current investments50/53€366k€224k▼
Cash at bank and in hand54/58€14k€174k▲
Deferred charges and accrued income490/1€446€312▼
Equity and liabilities
Total equity and liabilities10/49€606k€668k▲
Equity10/15€569k€625k▲
Contributions10/11€199k€199k=
Reserves13€315k€372k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€313k€369k▲
Profit (loss) carried forward14€55k€55k=
Amounts payable17/49€37k€42k▲
Amounts payable within one year42/48€37k€42k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Advances received on contracts in progress46€14k-
Taxes, remuneration and social security45€18k€41k▲
Taxes450/3€18k€41k▲
Accrued charges and deferred income492/3€300-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€74k€110k▲
Operating profit (loss)9901€59k€95k▲
Financial income75/76B€6k€4k▼
Recurring financial income75€6k€4k▼
Financial charges65/66B€275€330▲
Recurring financial charges65€275€330▲
Profit (loss) for the period before taxes9903€65k€99k▲
Income taxes67/77€37k€43k▲
Profit (loss) for the period9904€28k€56k▲
Profit (loss) for the period to be appropriated9905€28k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€111k▲
Profit (loss) brought forward from the previous period14P€55k€55k=
Transfer to equity691/2€28k€56k▲
To other reserves6921€28k€56k▲
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
Next filing, fiscal year 2026, expected by
2026
11-09
KBO administration
Strikeout withdrawn
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 390 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 755 days late
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1121 days late
2025
31-12
Financial
Highest result since 2018net €56k ▲99.5%
Operating result €95k, net result €56k, both a record.
2022
31-12
Financial
Back to profitnet €37k
Net result €37k after 4 loss-making years.
31-12
Financial
Equity above €500kEq €519k ▲7.7%
Equity rises from €482k to €519k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Affligem · 1 establishment unit since 1993
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.
Molenberg 231790 AffligemGround area
1,211 m²
Building footprint
224 m²
Volume, LiDAR
1,127 m³
Parcel 23030D0036/00R000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Molenberg 23, 1790 Affligem
since 19932.064.018.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030D0036/00R000 | Flanders | 1,211 m² | 1 · 224 m² | 9.1 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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KATI HECK
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Of 8,303 companies in sector 90201 we hold annual accounts for 602. 311 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-09-1993
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
92311
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.