CODRAFT
ActiveCODRAFT has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €671k and a net result of €3k. Equity is shrinking by ~39.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 66% of 310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent▼ -17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-50
Solvency98▼-1
Growth32=
Stability100
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 2.41 against 2.74 in 2024), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
7 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
59.5%
Return on assets
0.3%
Age of the figures
8 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
92 d late
2023
25 d early
2022
4 d early
2021
33 d early
2020
19 d early
← 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
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 96.3%
2024 · €77k
2023: €195k
2023: €57k
2024: €77k
2023 → 2025
Working capital
€643k▼ 11.5%
2024 · €726k
2023: €1.25M
2023: €653k
2024: €726k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2023202320242025Trend
Equity€1.26M-€668k▼ 47.2%€745k▲ 11.5%€671k▼ 9.9%
Operating result€272k-€77k▼ 71.6%€90k▲ 16.1%€13k▼ 85.1%
Net result€195k-€57k▼ 71.1%€77k▲ 36.0%€3k▼ 96.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 85% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.13M
Fixed assets
€27k▲ 50.8%
Current assets
€1.10M▼ 3.9%
Equity and liabilities €1.13M
Equity
€671k▼ 9.9%
Debt
€456k▲ 9.1%
The debt ratio rises from 36.0% to 40.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€21k▼
2024 · €96k
Cash flow
€10k▼
2024 · €83k
Solvency
59.5%▼
2024 · 64.0%
Current ratio
2.41▼
2024 · 2.74
Quick ratio
2.41▼
2024 · 2.74
Debt / equity
0.68▲
2024 · 0.56
ROE
0.4%▼
2024 · 10.3%
ROA
0.3%▼
2024 · 6.6%
Interest coverage
3.60▼
2024 · 46.75
Debt
€456k▲
2024 · €418k
Debt ≤ 1 year
€456k▲
2024 · €418k
Income taxes
€9k▼
2024 · €27k
Staff costs
€1.23M▲
2024 · €1.19M
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
Balance sheet
Code2025
Total assets
20/58€1.13M
Fixed assets
21/28€27k
Tangible fixed assets
22/27€27k
Financial fixed assets
28€245
Current assets
29/58€1.10M
Amounts receivable within one year
40/41€913k
Cash & bank
54/58€172k
Total equity & liabilities
10/49€1.13M
Equity
10/15€671k
Contributions / capital
10/11€160k
Reserves
13€511k
Accumulated profits (losses)
14€0
Amounts payable
17/49€456k
Amounts payable within one year
42/48€456k
Trade debts payable within one year
44€136k
Income statement
Code2025
Gross operating margin
9900€1.67M
Operating result
9901€13k
Financial income
75€4k
Financial charges
65€6k
Result before taxes
9903€12k
Income taxes
67/77€9k
Net result for the period
9904€3k
Result to be appropriated
9905€3k
This is the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €3k ▼96.3%
Net result drops to €3k, the lowest in the series.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 92 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 82,341 companies in sector 70200 we hold annual accounts for 50,889. 31,596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-08-1988
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
74142
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-07-2026. Scores and ratios are computed by Checked and are not a credit decision.