COVERRISK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €124k and a net result of €50k. Equity is growing by ~78.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 1471 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 1471 sector peers (2025).
NBB · sector comparisonPosition among 1471 sector peers
Solvency
better than 21%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
30 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€124k▲ 68.8%
2024 · €73k
2023: €8k
2024: €73k
2023 → 2025
Net result
€50k▼ 22.4%
2024 · €65k
2023: €-7k
2024: €65k
2023 → 2025
Total assets
€1.03M▲ 1.1%
2024 · €1.02M
2023: €1.04M
2024: €1.02M
2023 → 2025
Solvency
12.0%▲ 4.8pp
2024 · 7.2%
2023: 0.8%
2024: 7.2%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€8k-€73k▲ 781%€124k▲ 68.8%
Operating result€21k-€126k▲ 500%€105k▼ 16.2%
Net result€-7k-€65k€50k▼ 22.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.03M
Fixed assets
€735k▼ 11.8%
Current assets
€297k▲ 58.5%
Equity and liabilities €1.03M
Equity
€124k▲ 68.8%
Debt
€908k▼ 4.1%
The debt ratio falls from 92.8% to 88.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
12.0%▲
2024 · 7.2%
ROE
40.7%▼
2024 · 88.7%
ROA
4.9%▼
2024 · 6.4%
Debt
€908k▼
2024 · €947k
Debt ≤ 1 year
€116k▲
2024 · €98k
Debt > 1 year
€761k▼
2024 · €830k
Income taxes
€18k▼
2024 · €21k
Staff costs
€119k▲
2024 · €67k
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€1.02M€1.03M▲
Fixed assets21/28€833k€735k▼
Intangible fixed assets21€830k€730k▼
Tangible fixed assets22/27€3k€4k▲
Furniture and vehicles24€3k€4k▲
Current assets29/58€187k€297k▲
Amounts receivable within one year40/41€33k€31k▼
Trade receivables40€24k-
Other amounts receivable41€9k€31k▲
Cash at bank and in hand54/58€153k€232k▲
Deferred charges and accrued income490/1€935€34k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€1.03M▲
Equity10/15€73k€124k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€58k€109k▲
Amounts payable17/49€947k€908k▼
Amounts payable after more than one year17€830k€761k▼
Financial debts170/4€830k€761k▼
Amounts payable within one year42/48€98k€116k▲
Current portion of amounts payable after more than one year42€66k€69k▲
Trade debts44€25k€34k▲
Suppliers440/4€25k€34k▲
Taxes, remuneration and social security45€7k€13k▲
Remuneration and social security454/9€7k€13k▲
Accrued charges and deferred income492/3€19k€31k▲
Income statement
Code20242025
Remuneration, social security and pensions62€67k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€101k€102k▲
Other operating charges640/8€528€1k▲
Gross operating margin9900€293k€326k▲
Operating profit (loss)9901€126k€105k▼
Financial income75/76B€1€13▲
Recurring financial income75€1€13▲
Financial charges65/66B€40k€36k▼
Recurring financial charges65€40k€36k▼
Profit (loss) for the period before taxes9903€86k€69k▼
Income taxes67/77€21k€18k▼
Profit (loss) for the period9904€65k€50k▼
Profit (loss) for the period to be appropriated9905€65k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€58k€109k▲
Profit (loss) brought forward from the previous period14P€-7k€58k▲
Social balance
Average headcount (FTE)90871.02.1▲
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100kEq €124k ▲68.8%
2 profitable years in a row build equity to €124k.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €65k
Net result €65k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
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, Gent · 1 establishment unit since 2022
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.
Loofblommestraat 269051 GentGround area
717 m²
Building footprint
201 m²
Volume, LiDAR
1,039 m³
Parcel 44062D0212/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
COVERRISK
since 20222.338.619.619
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062D0212/00F000 | Flanders | 717 m² | 1 · 201 m² | 7.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 431 EUR awarded · 325 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 252 EUR | 146 EUR |
| 2024 | 1 | 94 EUR | 94 EUR |
| 2023 | 1 | 85 EUR | 85 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DOUR DEPOTS
BE 0438.812.558
Dour · Eq €124k
YesFin
BE 0435.325.904
Courcelles · Eq €124k
Kanero
BE 0830.492.917
Oud-Heverlee · Eq €124k
FITRAMA VERZEKERINGEN
BE 0713.867.540
Sint-Niklaas · Eq €124k
ZAKENKANTOOR DE COSTER
BE 0808.537.164
Berlare · Eq €124k
Of 4,683 companies in sector 66220 we hold annual accounts for 3,228. 2,775 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2022
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.