Cheval Fatal
ActiveCheval Fatal has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €157k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 42% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+17
Solvency68▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.78 in 2024; short-term debt: 10.4% and cash: 1.8% of total assets), and 57.1% 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○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 · 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
42.9%
Return on assets
5.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
23 d late
2021
3 d late
2020
13 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.13M▲ 15.9%
2024 · €978k
2019: €321k
2020: €322k
2021: €348k
2022: €359k
2023: €912k
2024: €978k
2019 → 2025
Total assets
€2.64M▲ 1.0%
2024 · €2.61M
2019: €960k
2020: €771k
2021: €870k
2022: €764k
2023: €2.68M
2024: €2.61M
2019 → 2025
Net result
€157k▲ 131%
2024 · €68k
2019: €52k
2020: €2k
2021: €28k
2022: €12k
2023: €55k
2024: €68k
2019 → 2025
Working capital
€-40k▲ 34.0%
2024 · €-61k
2019: €56k
2020: €33k
2021: €-2k
2022: €54k
2023: €60k
2024: €-61k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€348k-€359k▲ 3.1%€912k▲ 154%€978k▲ 7.3%€1.13M▲ 15.9%
Operating result€85k-€30k▼ 64.5%€119k▲ 293%€149k▲ 24.9%€270k▲ 81.8%
Net result€28k-€12k▼ 56.6%€55k▲ 343%€68k▲ 24.6%€157k▲ 131%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 82% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.64M
Fixed assets
€2.41M▲ 0.6%
Current assets
€234k▲ 5.8%
Equity and liabilities €2.64M
Equity
€1.13M▲ 15.9%
Debt
€1.51M▼ 7.9%
The debt ratio falls from 62.6% to 57.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€357k▲
2024 · €232k
Cash flow
€244k▲
2024 · €151k
Solvency
42.9%▲
2024 · 37.4%
Current ratio
0.85▲
2024 · 0.78
Quick ratio
0.83▲
2024 · 0.77
Debt / equity
1.33▼
2024 · 1.67
ROE
13.8%▲
2024 · 6.9%
ROA
5.9%▲
2024 · 2.6%
Interest coverage
7.67▲
2024 · 4.46
Debt
€1.51M▼
2024 · €1.63M
Debt ≤ 1 year
€274k▼
2024 · €282k
Debt > 1 year
€1.23M▼
2024 · €1.34M
Income taxes
€77k▲
2024 · €33k
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€2.61M€2.64M▲
Fixed assets21/28€2.39M€2.41M▲
Tangible fixed assets22/27€521k€535k▲
Land and buildings22€440k€400k▼
Plant, machinery and equipment23€36k€24k▼
Furniture and vehicles24€46k€21k▼
Leasing and similar rights25-€91k
Financial fixed assets28€1.87M€1.87M=
Current assets29/58€221k€234k▲
Stocks and contracts in progress3€3k€7k▲
Stocks30/36€3k€7k▲
Amounts receivable within one year40/41€195k€176k▼
Trade receivables40€42k€82k▲
Other amounts receivable41€153k€93k▼
Cash at bank and in hand54/58€23k€48k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€2.61M€2.64M▲
Equity10/15€978k€1.13M▲
Contributions10/11€519k€519k=
Reserves13€460k€615k▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€422k€578k▲
Profit (loss) carried forward14€55€55=
Amounts payable17/49€1.63M€1.51M▼
Amounts payable after more than one year17€1.34M€1.23M▼
Financial debts170/4€1.33M€1.23M▼
Other amounts payable178/9€8k€2k▼
Amounts payable within one year42/48€282k€274k▼
Current portion of amounts payable after more than one year42€188k€199k▲
Trade debts44€24k€32k▲
Suppliers440/4€24k€32k▲
Advances received on contracts in progress46€3k€250▼
Taxes, remuneration and social security45€20€37k▲
Taxes450/3€20€37k▲
Other amounts payable47/48€67k€5k▼
Accrued charges and deferred income492/3€17k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€87k▲
Other operating charges640/8€5k€1k▼
Gross operating margin9900€237k€358k▲
Operating profit (loss)9901€149k€270k▲
Financial income75/76B€4k€11k▲
Recurring financial income75€4k€11k▲
Financial charges65/66B€52k€47k▼
Recurring financial charges65€52k€47k▼
Profit (loss) for the period before taxes9903€100k€234k▲
Income taxes67/77€33k€77k▲
Profit (loss) for the period9904€68k€157k▲
Profit (loss) for the period to be appropriated9905€68k€157k▲
Appropriation of the result
Profit (loss) to be appropriated9906€68k€157k▲
Profit (loss) brought forward from the previous period14P€55€55▲
Transfer from equity791/2€2k€2k=
Transfer to equity691/2€68k€157k▲
To other reserves6921€68k€157k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (11 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
22-06
State Gazette act
Statutes amendment · RestructuringMerger · Corporate purpose · Accounting effect11 facts ▸
State Gazette act
Statutes amendment · Restructuring
Merger · Corporate purpose · Accounting effect11 facts ▸
- Merger, overname
- Corporate purpose, De vennootschap heeft tot voorwerp, in België en in het buitenland, in eigen naam en voor eigen rekening. alle verrichtingen die, algemeen genomen, op één of an…
- Corporate purpose, De vennootschap heeft tot doel: Het beheer, in de ruimste zin van het woord, van onroerende goederen, daaronder begrepen de huur, verhuur, onderverhuur, de uitb…
- Accounting effect, 2026-04-01
- Real estate, Een woonhuis, bergplaats en garage met omliggende tuin, gracht en toegangsweg op op en met grond en aanhorigheden, gestaan en gelegen te DEINZE, Warandestraat 2…
- Shareholding, 100%
- Capital, €2.500,13
- Capital, €186
- Founding, 2009-01-21
- Founding, 1983-12-31
- Merger, boekhoudkundig continuïteitsprincipe - alle activa en passiva van rechtswege en zonder vereffening overgaan op de overnemende vennootschap
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €157k ▲131%
Operating result €270k, net result €157k, both a record.
31-03
Financial
Equity above €1MEq €1.13M ▲15.9%
7 profitable years in a row build equity to €1.13M.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Equity above €500kEq €912k ▲154%
5 profitable years in a row build equity to €912k.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
31-03
Financial
Weakest financial yearnet €2k ▼95.5%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2010
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.
Reibroekstraat 709850 DeinzeGround area
1,831 m²
Building footprint
156 m²
Volume, LiDAR
741 m³
Parcel 44027A1108/00G000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cheval Fatal
since 20102.187.824.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44027A1108/00G000 | Flanders | 1,831 m² | 1 · 156 m² | 7.3 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:ANSBEKA
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Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 26,437 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2009
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
41001General construction of residential buildings
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.