Crocodile
ActiveSummary
Crocodile has been active since 1952 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.96M and a net result of €-417k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability13▲+3
Solvency100=
Growth35▲+1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €400k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 4.44 in 2024; short-term debt: 17.5% and cash: 9.1% of total assets), and 17.5% of the assets are financed with debt.
Credit check 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
82.5%
Return on assets
-5.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-417k
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
9 d early
2023
76 d early
2022
60 d early
2021
58 d early
2020
65 d early
2019
72 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€24.23M▲ 9.6%
2024 · €22.11M
2018: €20.70M
2019: €20.64M
2020: €21.20M
2021: €21.31M
2022: €21.04M
2023: €21.39M
2024: €22.11M
2018 → 2025
EBIT margin
-2.1%▲ 0.9pp
2024 · -3.1%
2018: -2.6%
2019: -1.7%
2020: -1.7%
2021: -0.8%
2022: -1.1%
2023: -1.8%
2024: -3.1%
2018 → 2025
Net result
€-417k▲ 28.6%
2024 · €-584k
2018: €-397k
2019: €-216k
2020: €-247k
2021: €-28k
2022: €-115k
2023: €-309k
2024: €-584k
2018 → 2025
Working capital
€4.38M▼ 6.5%
2024 · €4.69M
2018: €5.22M
2019: €5.15M
2020: €5.12M
2021: €5.40M
2022: €5.36M
2023: €5.13M
2024: €4.69M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.31M-€21.04M▼ 1.2%€21.39M▲ 1.6%€22.11M▲ 3.4%€24.23M▲ 9.6%
Equity€7.39M-€7.27M▼ 1.6%€6.96M▼ 4.2%€6.38M▼ 8.4%€5.96M▼ 6.5%
Operating result€-168k-€-231k▼ 37.6%€-393k▼ 70.4%€-675k▼ 71.7%€-515k▲ 23.6%
Net result€-28k-€-115k▼ 312%€-309k▼ 169%€-584k▼ 89.0%€-417k▲ 28.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €515k in 2025 against €675k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.23M
Fixed assets
€1.58M ▼ 6.5%
Current assets
€5.65M ▼ 6.7%
Equity and liabilities €7.23M
Equity
€5.96M ▼ 6.5%
Debt
€1.26M ▼ 7.4%
Debt's share of the balance-sheet total falls from 17.6% to 17.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-226k▲
2024 · €-401k
Cash flow
€-128k▲
2024 · €-310k
Current ratio
4.47▲
2024 · 4.44
Quick ratio
1.97▼
2024 · 2.08
Debt to equity
0.21▼
2024 · 0.21
ROE
-7.0%▲
2024 · -9.2%
ROA
-5.8%▲
2024 · -7.5%
Interest coverage
-58.45▲
2024 · -84.61
Debt ≤ 1 year
€1.26M▼
2024 · €1.36M
Debt > 1 year
€160=
2024 · €160
Income taxes
€737▲
2024 · €708
Staff costs
€1.27M▲
2024 · €1.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 70 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.74M€7.23M▼
Fixed assets21/28€1.69M€1.58M▼
Intangible fixed assets21-€143k
Tangible fixed assets22/27€1.69M€1.44M▼
Land and buildings22€1.08M€999k▼
Plant, machinery and equipment23€425k€286k▼
Furniture and vehicles24€181k€151k▼
Current assets29/58€6.05M€5.65M▼
Stocks and contracts in progress3€3.22M€3.16M▼
Stocks30/36€3.22M€3.16M▼
Goods purchased for resale34€3.22M€3.16M▼
Amounts receivable within one year40/41€2.18M€1.80M▼
Trade receivables40€2.18M€1.80M▼
Other amounts receivable41€335€13▼
Cash at bank and in hand54/58€645k€658k▲
Deferred charges and accrued income490/1€12k€29k▲
Equity and liabilities
Total equity and liabilities10/49€7.74M€7.23M▼
Equity10/15€6.38M€5.96M▼
Contributions10/11€745k€745k=
Capital10€745k€745k=
Issued capital100€745k€745k=
Reserves13€2.46M€2.46M=
Non-distributable reserves130/1€157k€157k=
Legal reserve130€124k€124k=
Other1319€33k€33k=
Tax-exempt reserves132€347k€347k=
Distributable reserves133€1.95M€1.95M=
Profit (loss) carried forward14€3.18M€2.76M▼
Amounts payable17/49€1.37M€1.26M▼
Amounts payable after more than one year17€160€160=
Other amounts payable178/9€160€160=
Amounts payable within one year42/48€1.36M€1.26M▼
Trade debts44€1.11M€835k▼
Suppliers440/4€1.11M€835k▼
Taxes, remuneration and social security45€255k€225k▼
Taxes450/3€67k€36k▼
Remuneration and social security454/9€188k€189k▲
Other amounts payable47/48-€204k
Income statement
Code20242025
Operating income70/76A€22.38M€24.59M▲
Turnover70€22.11M€24.23M▲
Other operating income74€266k€309k▲
Non-recurring operating income76A€0€50k▲
Operating charges60/66A€23.06M€25.10M▲
Goods for resale, raw materials and consumables60€20.34M€22.31M▲
Purchases600/8€20.42M€22.25M▲
Change in stocks: decrease (increase)609€-79k€58k▲
Services and other goods61€1.13M€1.19M▲
Remuneration, social security and pensions62€1.22M€1.27M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€274k€289k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€16k€0▼
Other operating charges640/8€26k€46k▲
Non-recurring operating charges66A€50k€0▼
Operating profit (loss)9901€-675k€-515k▲
Financial income75/76B€96k€110k▲
Recurring financial income75€96k€110k▲
Income from current assets751-€4k
Other financial income752/9€96k€106k▲
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Debt charges650-€4k
Other financial charges652/9€5k€7k▲
Profit (loss) for the period before taxes9903€-583k€-416k▲
Income taxes67/77€708€737▲
Taxes670/3€708€737▲
Profit (loss) for the period9904€-584k€-417k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-584k€-417k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.18M€2.76M▼
Profit (loss) brought forward from the previous period14P€3.76M€3.18M▼
Social balance
Average headcount (FTE)908725.726.7▲
The notes to these accounts (55 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-584k
Net result drops to €-584k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
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.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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 · 2 establishment units since 1952
Ground area
5,455 m²
Building footprint
2,244 m²
Volume, LiDAR
15,038 m³
2 parcels, Flanders · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Grote Markt(Kor) 5, 8500 Kortrijk
since 19522.003.078.209
Crocodile depot
since 19802.142.791.762
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0635/00W000 | Flanders | 5,149 m² | 1 · 1,938 m² | 6.3 m · 2 fl. |
| 34353H0146/00C000 | Flanders | 306 m² | 1 · 306 m² | 21.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 830 EUR awarded · 830 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 251 EUR | 251 EUR |
| 2024 | 1 | 249 EUR | 249 EUR |
| 2023 | 1 | 330 EUR | 330 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesKortrijk2.142.791.762
Kortrijk2.003.078.209
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Of 1,898 companies in sector 46460 we hold annual accounts for 1,116. 535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-1952
Fiscal year end31-12
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
47730Retail sale of pharmaceutical products
47783Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.