CRI CRI
ActiveCRI CRI has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €446k and a net result of €45k. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 9713 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▼-10
Solvency67▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.01 in 2023; short-term debt: 4.6% and cash: 0.7% of total assets), but 58.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Sector 68
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
26 d late
2022
41 d early
2021
39 d early
2020
172 d early
2019
28 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€446k▲ 11.2%
2023 · €401k
2018: €203k
2019: €201k
2020: €200k
2021: €237k
2022: €267k
2023: €401k
2018 → 2024
Total assets
€1.06M▼ 5.5%
2023 · €1.13M
2018: €225k
2019: €223k
2020: €200k
2021: €761k
2022: €1.01M
2023: €1.13M
2018 → 2024
Net result
€45k▼ 66.6%
2023 · €134k
2018: €-878
2019: €-2k
2020: €-1k
2021: €37k
2022: €30k
2023: €134k
2018 → 2024
Working capital
€40k▲ 4,176%
2023 · €946
2018: €187k
2019: €187k
2021: €146k
2022: €55k
2023: €946
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€200k-€237k▲ 18.5%€267k▲ 12.5%€401k▲ 50.4%€446k▲ 11.2%
Operating result€-1k-€106k€53k▼ 49.8%€156k▲ 193%€49k▼ 68.9%
Net result€-1k-€37k€30k▼ 19.8%€134k▲ 353%€45k▼ 66.6%
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 falls in 2024; 2024 is 69% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.06M
Fixed assets
€974k▼ 3.7%
Current assets
€89k▼ 21.5%
Equity and liabilities €1.06M
Equity
€446k▲ 11.2%
Provisions
€92k▼ 3.1%
Debt
€526k▼ 16.5%
The debt ratio falls from 55.9% to 49.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2023 · €185k
Cash flow
€82k▼
2023 · €163k
Solvency
41.9%▲
2023 · 35.6%
Current ratio
1.83▲
2023 · 1.01
Quick ratio
1.83▲
2023 · 1.01
Debt / equity
1.18▼
2023 · 1.57
ROE
10.1%▼
2023 · 33.5%
ROA
4.2%▼
2023 · 11.9%
Interest coverage
10.07▼
2023 · 17.42
Debt
€526k▼
2023 · €630k
Debt ≤ 1 year
€49k▼
2023 · €113k
Debt > 1 year
€477k▼
2023 · €517k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.13M€1.06M▼
Fixed assets21/28€1.01M€974k▼
Tangible fixed assets22/27€1.01M€974k▼
Land and buildings22€1.01M€974k▼
Current assets29/58€114k€89k▼
Amounts receivable within one year40/41€109k€81k▼
Trade receivables40€95k€22k▼
Other amounts receivable41€13k€60k▲
Cash at bank and in hand54/58€5k€7k▲
Deferred charges and accrued income490/1€30€982▲
Equity and liabilities
Total equity and liabilities10/49€1.13M€1.06M▼
Equity10/15€401k€446k▲
Contributions10/11€19k€19k=
Reserves13€342k€333k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€285k€276k▼
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€41k€95k▲
Provisions and deferred taxes16€95k€92k▼
Deferred taxes168€95k€92k▼
Amounts payable17/49€630k€526k▼
Amounts payable after more than one year17€517k€477k▼
Financial debts170/4€517k€477k▼
Amounts payable within one year42/48€113k€49k▼
Current portion of amounts payable after more than one year42€40k€43k▲
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€298€2k▲
Taxes450/3€298€2k▲
Other amounts payable47/48€69k€0▼
Income statement
Code20232024
Non-recurring operating income76A€52k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€38k▲
Other operating charges640/8€839€1k▲
Gross operating margin9900€186k€87k▼
Operating profit (loss)9901€156k€49k▼
Financial income75/76B€47€2k▲
Recurring financial income75€47€2k▲
Financial charges65/66B€11k€9k▼
Recurring financial charges65€11k€9k▼
Profit (loss) for the period before taxes9903€146k€42k▼
Transfer from deferred taxes780€2k€3k▲
Transfer to deferred taxes680€13k€0▼
Profit (loss) for the period9904€134k€45k▼
Transfer from tax-exempt reserves789€6k€9k▲
Transfer to tax-exempt reserves689€39k€0▼
Profit (loss) for the period to be appropriated9905€101k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€95k▲
Profit (loss) brought forward from the previous period14P€-60k€41k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €134k ▲353%
Operating result €156k, net result €134k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €37k
Net result €37k after 3 loss-making years.
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 1986
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.
Baliestraat(Mar) 38510 KortrijkGround area
317 m²
Building footprint
3,343 m²
Parcel 34026A0737/00G008, Flanders. Linked by address, not a title deed.
1 establishment unit
Baliestraat(Mar) 3, 8510 Kortrijk
since 19862.032.192.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0737/00G008 | Flanders | 317 m² | 1 · 3,343 m² | - |
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 · 27,684 EUR awarded · 19,378 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 2,768 EUR |
| 2023 | 1 | 27,684 EUR | 16,610 EUR |
Schemes
Ecologiepremie+
Similar companies · same sector, comparable size
ULTIMI
BE 0808.539.639
Aalter · Eq €446k
VERINVEST
BE 0443.838.940
Gent · Eq €446k
IMMOVA INTERNATIONAL
BE 0450.372.582
Gent · Eq €447k
COSTERMANS PROJECTEN
BE 0474.716.218
Wijnegem · Eq €446k
Mac Projectontwikkeling
BE 0892.803.737
Scherpenheuvel-Zichem · Eq €445k
Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 4,827 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-1986
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.