COVER NEW
ActiveCOVER NEW has been active since 1937 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €3k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 95% of 265 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▲ +16 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability20▲+20
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 19.58), and 0.9% 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 · 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
99.1%
Return on assets
4.1%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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
29 d late
2023
21 d late
2022
9 d late
2021
29 d late
2020
4 d late
2019
28 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€85k▲ 4.3%
2024 · €81k
2018: €55k
2019: €61k
2020: €69k
2021: €75k
2022: €85k
2023: €90k
2024: €81k
2018 → 2025
Total assets
€85k▲ 5.0%
2024 · €81k
2018: €61k
2019: €61k
2020: €71k
2021: €78k
2022: €85k
2023: €92k
2024: €81k
2018 → 2025
Net result
€3k
2024 · €-9k
2018: €-14k
2019: €6k
2020: €8k
2021: €6k
2022: €10k
2023: €5k
2024: €-9k
2018 → 2025
Working capital
€14k▼ 66.6%
2024 · €41k
2018: €12k
2019: €27k
2020: €44k
2021: €30k
2023: €36k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€85k▲ 13.3%€90k▲ 6.0%€81k▼ 9.7%€85k▲ 4.3%
Operating result€6k-€10k▲ 72.0%€5k▼ 49.0%€-9k€3k
Net result€6k-€10k▲ 72.3%€5k▼ 49.1%€-9k€3k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€71k▲ 78.3%
Current assets
€15k▼ 64.9%
Equity and liabilities €85k
Equity
€85k▲ 4.3%
Debt
€746▲ 624%
The debt ratio rises from 0.1% to 0.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€16k▲
2024 · €10k
Cash flow
€16k▲
2024 · €10k
Solvency
99.1%▼
2024 · 99.9%
Current ratio
19.58
Quick ratio
19.58
Debt / equity
0.01▲
2024 · 0.00
ROE
4.1%▲
2024 · -10.8%
ROA
4.1%▲
2024 · -10.7%
Debt
€746▲
2024 · €103
Debt ≤ 1 year
€746▲
2024 · €103
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€81k€85k▲
Fixed assets21/28€40k€71k▲
Tangible fixed assets22/27€40k€71k▲
Land and buildings22€9k€9k=
Plant, machinery and equipment23€25k€60k▲
Furniture and vehicles24€5k€739▼
Current assets29/58€42k€15k▼
Amounts receivable within one year40/41€5k€5k▼
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€32k€5k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€81k€85k▲
Equity10/15€81k€85k▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€61k€64k▲
Amounts payable17/49€103€746▲
Amounts payable within one year42/48€103€746▲
Trade debts44€103€730▲
Suppliers440/4€103€730▲
Taxes, remuneration and social security45-€16
Taxes450/3-€16
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€12k▼
Other operating charges640/8€684€579▼
Gross operating margin9900€11k€16k▲
Operating profit (loss)9901€-9k€3k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€53-
Recurring financial charges65€53-
Profit (loss) for the period before taxes9903€-9k€3k▲
Profit (loss) for the period9904€-9k€3k▲
Profit (loss) for the period to be appropriated9905€-9k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€64k▲
Profit (loss) brought forward from the previous period14P€69k€61k▼
The notes to these accounts (4 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Liquidity times 27current ratio 403.31
Current ratio from 14.75 to 403.31; short-term debt falls from €3k to €103.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Highest result since 2018net €10k ▲72.3%
Operating result €10k, net result €10k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Liquidity times 72current ratio 222.65
Current ratio from 3.10 to 222.65; short-term debt falls from €6k to €121.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Anderlecht · 1 establishment unit since 1937
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.
Auberlaan 161070 AnderlechtGround area
99 m²
Building footprint
99 m²
Volume, LiDAR
1,231 m³
Parcel 21001A0536/00W003, Brussels · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Auberlaan 16, 1070 Anderlecht
since 19372.003.499.663
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0536/00W003 | Brussels | 99 m² | 1 · 99 m² | 16.5 m · 5 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.
Similar companies · same sector, comparable size
BUILDING CREATING AND ENGINEERING GLASSCONCEPTS
BE 0841.534.188
Nazareth · Eq €75k
Algemene Glaswerken Masson
BE 0401.032.048
Zelzate · Eq €68k
Birgit Verplancke Conservatie & Restauratie van glasramen
BE 0747.650.264
Brugge · Eq €66k
H CONCEPT
BE 1000.710.101
Sint-Genesius-Rode · Eq €42k
UNIGLAS
BE 0866.886.228
Mechelen · Eq €189k
Of 66 companies in sector 23110 we hold annual accounts for 38. 23 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1937
Fiscal year end31-12
Activities, NACEBEL
23110Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 51 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.