Conrad
ActiveConrad has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-42k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 14% of 8657 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-63
Solvency34▼-5
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.23 in 2024; short-term debt: 51.2% and cash: 2.6% of total assets), and 91.3% 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.7%
Return on assets
-7%
Age of the figures
15 mo
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 14% of 8657 sector peers (2025).
NBB · sector comparisonPosition among 8657 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
1 d early
2023
41 d early
2022
6 d early
2021
on the day
2020
6 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€52k▼ 44.8%
2024 · €94k
2019: €90k
2020: €117k
2021: €76k
2022: €54k
2023: €71k
2024: €94k
2019 → 2025
Total assets
€599k▼ 8.8%
2024 · €657k
2019: €722k
2020: €690k
2021: €676k
2022: €641k
2023: €627k
2024: €657k
2019 → 2025
Net result
€-42k
2024 · €23k
2019: €52k
2020: €27k
2021: €-41k
2022: €-22k
2023: €17k
2024: €23k
2019 → 2025
Working capital
€-279k▼ 24.5%
2024 · €-224k
2019: €-35k
2020: €-142k
2021: €-211k
2022: €-242k
2023: €-227k
2024: €-224k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€54k▼ 28.5%€71k▲ 30.7%€94k▲ 32.4%€52k▼ 44.8%
Operating result€-30k-€-13k▲ 56.8%€25k€34k▲ 36.5%€-30k
Net result€-41k-€-22k▲ 46.9%€17k€23k▲ 38.3%€-42k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €599k
Fixed assets
€571k▼ 3.1%
Current assets
€28k▼ 58.7%
Equity and liabilities €599k
Equity
€52k▼ 44.8%
Debt
€547k▼ 2.8%
The debt ratio rises from 85.7% to 91.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €67k
Cash flow
€-16k▼
2024 · €57k
Solvency
8.7%▼
2024 · 14.3%
Current ratio
0.09▼
2024 · 0.23
Quick ratio
0.09▼
2024 · 0.23
Debt / equity
10.53▲
2024 · 5.98
ROE
-81.2%▼
2024 · 24.5%
ROA
-7.0%▼
2024 · 3.5%
Interest coverage
-0.33▼
2024 · 7.13
Debt
€547k▼
2024 · €562k
Debt ≤ 1 year
€307k▲
2024 · €291k
Debt > 1 year
€233k▼
2024 · €266k
Income taxes
€205▼
2024 · €1k
Staff costs
€-468▼
2024 · €3k
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€657k€599k▼
Fixed assets21/28€589k€571k▼
Tangible fixed assets22/27€589k€571k▼
Land and buildings22€588k€568k▼
Plant, machinery and equipment23€403€3k▲
Furniture and vehicles24€743€428▼
Current assets29/58€67k€28k▼
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40-€831
Other amounts receivable41€1k€795▼
Cash at bank and in hand54/58€65k€16k▼
Deferred charges and accrued income490/1€1k€10k▲
Equity and liabilities
Total equity and liabilities10/49€657k€599k▼
Equity10/15€94k€52k▼
Contributions10/11€6k€6k=
Reserves13€88k€88k=
Distributable reserves133€88k€88k=
Profit (loss) carried forward14€0€-42k▼
Amounts payable17/49€562k€547k▼
Amounts payable after more than one year17€266k€233k▼
Financial debts170/4€266k€233k▼
Amounts payable within one year42/48€291k€307k▲
Current portion of amounts payable after more than one year42€33k€33k▲
Trade debts44€2k€313▼
Suppliers440/4€2k€313▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€927▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€252k€270k▲
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€3k€-468▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€27k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€72k€-2k▼
Operating profit (loss)9901€34k€-30k▼
Financial charges65/66B€9k€12k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€24k€-42k▼
Income taxes67/77€1k€205▼
Profit (loss) for the period9904€23k€-42k▼
Profit (loss) for the period to be appropriated9905€23k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-42k▼
Profit (loss) brought forward from the previous period14P€-14k€0▲
Transfer to equity691/2€9k€0▼
To other reserves6921€9k€0▼
Social balance
Average headcount (FTE)90870.00.0=
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
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-42k ▼283%
Net result drops to €-42k, the lowest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €100kEq €117k ▲29.9%
2 profitable years in a row build equity to €117k.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
23-12
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.
0 of 4 acts read
About the unread acts
We know of 4 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
Directors
4 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, Izegem · 1 establishment unit since 2015
Ground area
9,279 m²
Building footprint
973 m²
Volume, LiDAR
1,236 m³
2 parcels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Conrad
since 20152.239.418.115
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
| 36008C0187/00F000 | Flanders | 1,633 m² | 1 · 145 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 2,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2015
Fiscal year end30-06
Activities, NACEBEL
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.