CRN
ActiveSummary
CRN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+27
Solvency47▲+47
Growth85▲+19
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.63 in 2024; short-term debt: 77.7% and cash: 1.9% of total assets), and 77.7% 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
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
22.3%
Return on assets
56.9%
Age of the figures
9 mo
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
66 d early
2023
42 d early
2022
28 d late
2021
57 d late
2018
26 d late
2017
28 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€187k▲ 133%
2024 · €80k
EBIT margin
23.0%▲ 10.6pp
2024 · 12.4%
Net result
€43k▲ 473%
2024 · €7k
Working capital
€-13k▲ 50.2%
2024 · €-27k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€70k€80k▲ 15.0%€187k▲ 133%
Operating result€6k-€13k▲ 110%€-42k€10k€43k▲ 333%
Net result€6k-€12k▲ 91.5%€-42k€7k€43k▲ 473%
EBIT margin-59.5%12.4%▲ 71.8pp23.0%▲ 10.6pp
Equity€-4k-€8k€-34k€-26k▲ 22.3%€17k
Total assets€17k-€55k▲ 228%€58k▲ 5.3%€46k▼ 20.5%€75k▲ 62.5%
Debt€20k-€47k▲ 131%€92k▲ 95.0%€72k▼ 21.2%€58k▼ 19.2%
Working capital€-4k-€8k€-34k€-27k▲ 19.7%€-13k▲ 50.2%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 333% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €75k
Fixed assets
€30k ▲ 3,282%
Current assets
€45k ▼ 0.8%
Equity and liabilities €75k
Equity
€17k
Debt
€58k
Debt finances 77.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€44k▲
2024 · €10k
Cash flow
€44k▲
2024 · €8k
Current ratio
0.77▲
2024 · 0.63
Debt to equity
3.49▲
2024 · -2.78
ROE
255.4%
ROA
56.9%▲
2024 · 16.1%
Interest coverage
348.79▲
2024 · 4.21
Debt ≤ 1 year
€58k▼
2024 · €72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €70k | €80k | €187k | ▲ 133% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €110k | €69k | €141k | ▲ 106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €691 | €270 | - | €421 | €821 | ▲ 95.0% |
| Other operating charges640/8 | €825 | €872 | €2k | €1k | €2k | ▲ 34.4% |
| Gross operating margin9900 | €8k | €14k | €-40k | €12k | €45k | ▲ 292% |
| Operating profit (loss)9901 | €6k | €13k | €-42k | €10k | €43k | ▲ 333% |
| Financial charges65/66B | €192 | €218 | €230 | €2k | €126 | ▼ 94.9% |
| Recurring financial charges65 | €192 | €218 | €230 | €2k | €126 | ▼ 94.9% |
| Profit (loss) for the period before taxes9903 | €6k | €13k | €-42k | €7k | €43k | ▲ 473% |
| Income taxes67/77 | - | €1k | - | - | - | - |
| Profit (loss) for the period9904 | €6k | €12k | €-42k | €7k | €43k | ▲ 473% |
| Profit (loss) for the period to be appropriated9905 | €6k | €12k | €-42k | €7k | €43k | ▲ 473% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17k | €55k | €58k | €46k | €75k | ▲ 62.5% |
| Fixed assets21/28 | €320 | €50 | €50 | €893 | €30k | ▲ 3,282% |
| Tangible fixed assets22/27 | €270 | - | - | €843 | €29k | ▲ 3,393% |
| Furniture and vehicles24 | €270 | - | - | €843 | €29k | ▲ 3,393% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €750 | ▲ 1,400% |
| Current assets29/58 | €17k | €55k | €58k | €45k | €45k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €15k | €48k | €56k | €41k | €44k | ▲ 5.2% |
| Trade receivables40 | €14k | €48k | €56k | €41k | €42k | ▲ 4.7% |
| Other amounts receivable41 | €294 | €426 | €123 | €904 | €1k | ▲ 27.6% |
| Cash at bank and in hand54/58 | €2k | €7k | €2k | €4k | €1k | ▼ 63.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17k | €55k | €58k | €46k | €75k | ▲ 62.5% |
| Equity10/15 | €-4k | €8k | €-34k | €-26k | €17k | ▲ 164% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | - | €6k | - | €6k | - |
| Issued capital100 | - | - | €19k | - | €19k | - |
| Uncalled capital101 | - | - | €12k | - | €12k | - |
| Outside capital11 | - | €6k | - | - | - | - |
| Other1109/19 | - | €6k | - | - | - | - |
| Profit (loss) carried forward14 | €-10k | €2k | €-40k | €-32k | €11k | ▲ 133% |
| Amounts payable17/49 | €20k | €47k | €92k | €72k | €58k | ▼ 19.2% |
| Amounts payable within one year42/48 | €20k | €47k | €92k | €72k | €58k | ▼ 19.2% |
| Trade debts44 | €13k | €33k | €77k | €58k | €45k | ▼ 22.0% |
| Suppliers440/4 | €13k | €33k | €77k | €58k | €45k | ▼ 22.0% |
| Taxes, remuneration and social security45 | €3k | €5k | €5k | €5k | €13k | ▲ 150% |
| Taxes450/3 | €80 | €1k | €2k | - | €409 | - |
| Remuneration and social security454/9 | €3k | €3k | €3k | €5k | €13k | ▲ 143% |
| Other amounts payable47/48 | €4k | €9k | €9k | €9k | €33 | ▼ 99.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €12k | €-42k | €7k | €43k | ▲ 473% |
| + Depreciation and write-downs630 | €691 | €270 | - | €421 | €821 | ▲ 95.0% |
| Operating cash flow (approximation) | €7k | €12k | €-42k | €8k | €44k | ▲ 453% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-1k | €-30k | ▼ 2,283% |
| Change in cash | - | €5k | €-5k | €2k | €-3k | ▼ 230% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-08
State Gazette act
Resignation: SANTOS COSTA QUEIROZ Enos (manager)Reappointment: SANTOS COSTA QUEIROZ Enos (non-statutory director) · Reserve release · Statutes amendment7 facts ▸
State Gazette act
Resignation: SANTOS COSTA QUEIROZ Enos (manager)
Reappointment: SANTOS COSTA QUEIROZ Enos (non-statutory director) · Reserve release · Statutes amendment7 facts ▸
- General meeting, 18-08-2022
- Reserve release, Suppression du compte de capitaux propres statutairement indisponible et mise à disposition pour des distributions futures
- Statutes amendment
- Capital
- Director resignation, SANTOS COSTA QUEIROZ Enos (manager)
- Director reappointment, SANTOS COSTA QUEIROZ Enos (non-statutory director)
- Mandate compensation, SANTOS COSTA QUEIROZ Enos
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €43k ▲473%
Operating result €43k, net result €43k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-42k
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 57 days late
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
Show earlier events
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2022
SANTOS COSTA QUEIROZ Enos
CurrentNon-statutory director
18-08-2022
Resigned as Manager
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2014
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
64
companies at this address
See who is registered here
1 establishment unit
Jachtlaan 135, 1040 Etterbeek
since 20142.225.980.051
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Toutes activités du bâtiment, règlementées et non règlementées ; La construction de maisons individuelles et de bureaux ; La promotion immobilière ; Les activités d’intermédiaire…
Full purpose
Toutes activités du bâtiment, règlementées et non règlementées ; La construction de maisons individuelles et de bureaux ; La promotion immobilière ; Les activités d’intermédiaire de commerce en produits divers ; Le nettoyage de bureaux ; Le nettoyage de bâtiments après chantier ; Le transport de marchandises ; Tous services aux entreprises ; Tous services aux particuliers ; Les activités de marchand de biens immobiliers.
Structure & network
Capital and shareholders
Capital over the years
- 20-08-2026 Capital stated in the act · 100 shares
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Of 2,454 companies in sector 41003 we hold annual accounts for 1,055. 581 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-08-2010
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
Scores and ratios are computed by Checked and are not a credit decision.