COMPASS
ActiveSummary
COMPASS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-18k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 24% of 143 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-48
Solvency42▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.98 in 2024; short-term debt: 23.5% and cash: 17.4% of total assets), but 83% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 143 sector peers (2025).
NBB · sector comparisonPosition among 143 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
7 d early
2023
27 d early
2022
33 d early
2021
32 d early
2020
31 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 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
€-18k
2024 · €72k
2018: €923
2019: €25k
2020: €-100k
2021: €8k
2022: €2k
2023: €23k
2024: €72k
2018 → 2025
Working capital
€172k▼ 10.2%
2024 · €191k
2018: €219k
2019: €303k
2020: €172k
2021: €197k
2022: €158k
2023: €140k
2024: €191k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€52k▲ 4.8%€75k▲ 44.7%€147k▲ 95.7%€129k▼ 12.1%
Operating result€25k-€19k▼ 24.2%€26k▲ 39.2%€92k▲ 251%€6k▼ 94.0%
Net result€8k-€2k▼ 70.6%€23k▲ 879%€72k▲ 210%€-18k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €760k
Fixed assets
€410k ▼ 0.5%
Current assets
€350k ▼ 9.5%
Equity and liabilities €760k
Equity
€129k ▼ 12.1%
Debt
€631k ▼ 3.3%
Debt's share of the balance-sheet total rises from 81.7% to 83.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€8k▼
2024 · €95k
Cash flow
€-16k▼
2024 · €74k
Current ratio
1.96▼
2024 · 1.98
Quick ratio
1.19▼
2024 · 1.58
Debt to equity
4.90▲
2024 · 4.45
ROE
-13.7%▼
2024 · 48.9%
ROA
-2.3%▼
2024 · 9.0%
Interest coverage
0.33▼
2024 · 4.39
Debt ≤ 1 year
€178k▼
2024 · €196k
Debt > 1 year
€453k▼
2024 · €456k
Staff costs
€74k▼
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€799k€760k▼
Fixed assets21/28€412k€410k▼
Tangible fixed assets22/27€397k€395k▼
Land and buildings22€369k€369k=
Plant, machinery and equipment23€7k€7k=
Furniture and vehicles24€21k€19k▼
Financial fixed assets28€15k€15k=
Current assets29/58€387k€350k▼
Amounts receivable after more than one year29€40k-
Other amounts receivable291€40k-
Stocks and contracts in progress3€78k€138k▲
Stocks30/36€78k€138k▲
Amounts receivable within one year40/41€144k€77k▼
Trade receivables40€134k€66k▼
Other amounts receivable41€10k€10k▲
Cash at bank and in hand54/58€125k€132k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€799k€760k▼
Equity10/15€147k€129k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€56k€56k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€268€268=
Distributable reserves133€49k€49k=
Profit (loss) carried forward14€29k€11k▼
Amounts payable17/49€652k€631k▼
Amounts payable after more than one year17€456k€453k▼
Financial debts170/4€456k€453k▼
Amounts payable within one year42/48€196k€178k▼
Current portion of amounts payable after more than one year42€23k€19k▼
Trade debts44€95k€130k▲
Suppliers440/4€95k€130k▲
Advances received on contracts in progress46€38k-
Taxes, remuneration and social security45€15k€5k▼
Taxes450/3€2k€816▼
Remuneration and social security454/9€13k€4k▼
Other amounts payable47/48€25k€25k=
Income statement
Code20242025
Remuneration, social security and pensions62€109k€74k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€209k€86k▼
Operating profit (loss)9901€92k€6k▼
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€22k€23k▲
Recurring financial charges65€22k€23k▲
Profit (loss) for the period before taxes9903€72k€-18k▼
Income taxes67/77€412-
Profit (loss) for the period9904€72k€-18k▼
Profit (loss) for the period to be appropriated9905€72k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€11k▼
Profit (loss) brought forward from the previous period14P€-43k€29k▲
Social balance
Average headcount (FTE)90871.61.0▼
The notes to these accounts (15 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 11 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €72k ▲210%
Operating result €92k, net result €72k, both a record.
31-12
Financial
Equity above €100kEq €147k ▲95.7%
4 profitable years in a row build equity to €147k.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-100k ▼497%
Net result drops to €-100k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Turnhout · 1 establishment unit since 1985
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.
de Merodelei 812300 TurnhoutGround area
990 m²
Building footprint
630 m²
Volume, LiDAR
9,630 m³
Parcel 13453O0440/00C000, Flanders · tallest building 25.3 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
de Merodelei 81, 2300 Turnhout
since 19852.026.540.925
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0440/00C000 | Flanders | 990 m² | 1 · 630 m² | 25.3 m · 7 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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Of 1,437 companies in sector 79110 we hold annual accounts for 880. 752 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-02-1985
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.