CROCODEAL
ActiveSummary
CROCODEAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€586) and a net result of -€96. Equity is shrinking by ~10.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €66 in 2025 against €66 in 2024.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | -€673 | -€672 | -€174 | €941 | -€57 | -€64 | -€66 | -€66 | = |
| Operating profit (loss)9901 | -€673 | -€672 | -€174 | €941 | -€57 | -€64 | -€66 | -€66 | = |
| Financial charges65/66B | - | - | - | €40 | €11 | €30 | €31 | €30 | ▼ 1.6% |
| Recurring financial charges65 | €25 | €25 | €25 | €40 | €11 | €30 | €31 | €30 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | -€698 | -€697 | -€199 | €901 | -€68 | -€94 | -€96 | -€96 | ▲ 0.5% |
| Profit (loss) for the period9904 | -€698 | -€697 | -€199 | €901 | -€68 | -€94 | -€96 | -€96 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | -€698 | -€697 | -€199 | €901 | -€68 | -€94 | -€96 | -€96 | ▲ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €311 | €465 | €385 | €345 | €334 | €304 | €295 | €765 | ▲ 159% |
| Current assets29/58 | €311 | €465 | €385 | €345 | €334 | €304 | €295 | €765 | ▲ 159% |
| Amounts receivable within one year40/41 | €294 | €294 | €294 | €294 | €294 | €294 | €294 | €294 | = |
| Other amounts receivable41 | - | - | - | €294 | €294 | €294 | €294 | €294 | = |
| Cash at bank and in hand54/58 | €17 | €171 | €91 | €51 | €40 | €10 | €1 | €471 | ▲ 49,457% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €311 | €465 | €385 | €345 | €334 | €304 | €295 | €765 | ▲ 159% |
| Equity10/15 | -€237 | -€934 | -€1,133 | -€232 | -€300 | -€394 | -€490 | -€586 | ▼ 19.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€6,437 | -€7,134 | -€7,333 | -€6,432 | -€6,500 | -€6,594 | -€6,690 | -€6,786 | ▼ 1.4% |
| Amounts payable17/49 | €548 | €1,399 | €1,518 | €577 | €634 | €698 | €785 | €1,351 | ▲ 72.0% |
| Amounts payable within one year42/48 | €548 | €1,399 | €1,518 | €577 | €634 | €698 | €785 | €1,351 | ▲ 72.0% |
| Trade debts44 | €548 | €999 | €1,118 | €177 | €234 | €298 | €363 | €429 | ▲ 18.1% |
| Suppliers440/4 | - | - | - | €177 | €234 | €298 | €363 | €429 | ▲ 18.1% |
| Other amounts payable47/48 | - | - | - | €400 | €400 | €400 | €422 | €922 | ▲ 118% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€698 | -€697 | -€199 | €901 | -€68 | -€94 | -€96 | -€96 | ▲ 0.5% |
| Operating cash flow (approximation) | -€698 | -€697 | -€199 | €901 | -€68 | -€94 | -€96 | -€96 | ▲ 0.5% |
| Change in cash | - | €154 | -€80 | -€40 | -€11 | -€30 | -€9 | €470 | ▲ 5,525% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.