CROES - BAILLEUL
ActiveSummary
CROES - BAILLEUL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.47M and a net result of €820k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 2152 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+4
Solvency95▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 3.18 in 2023; short-term debt: 24.6% and cash: 4.7% of total assets), and 29.8% 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 86
Relative position
BE, all sectors
reference
Sector 86
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
70.2%
Return on assets
16.6%
Age of the figures
21 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
on the day
2021
4 d early
2020
22 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3.47M▲ 2.6%
2023 · €3.38M
2018: €2.11M
2019: €2.61M
2020: €2.77M
2021: €2.68M
2022: €3.23M
2023: €3.38M
2018 → 2024
Total assets
€4.95M▲ 7.0%
2023 · €4.62M
2018: €3.83M
2019: €4.00M
2020: €4.00M
2021: €4.07M
2022: €4.47M
2023: €4.62M
2018 → 2024
Net result
€820k▲ 39.0%
2023 · €590k
2018: €292k
2019: €496k
2020: €496k
2021: €594k
2022: €720k
2023: €590k
2018 → 2024
Working capital
€2.08M▲ 3.4%
2023 · €2.01M
2018: €1.00M
2019: €1.20M
2020: €1.29M
2021: €1.32M
2022: €1.81M
2023: €2.01M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.77M-€2.68M▼ 3.2%€3.23M▲ 20.7%€3.38M▲ 4.7%€3.47M▲ 2.6%
Operating result€928k-€875k▼ 5.7%€1.09M▲ 25.1%€876k▼ 20.0%€919k▲ 4.8%
Net result€496k-€594k▲ 19.7%€720k▲ 21.3%€590k▼ 18.1%€820k▲ 39.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 5% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.95M
Fixed assets
€1.65M ▼ 2.6%
Current assets
€3.30M ▲ 12.5%
Equity and liabilities €4.95M
Equity
€3.47M ▲ 2.6%
Debt
€1.48M ▲ 18.8%
Debt's share of the balance-sheet total rises from 26.9% to 29.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.02M▲
2023 · €999k
Cash flow
€925k▲
2023 · €712k
Current ratio
2.70▼
2023 · 3.18
Debt to equity
0.42▲
2023 · 0.37
ROE
23.6%▲
2023 · 17.4%
ROA
16.6%▲
2023 · 12.8%
Interest coverage
36.30▲
2023 · 28.50
Debt ≤ 1 year
€1.22M▲
2023 · €920k
Debt > 1 year
€237k▼
2023 · €276k
Income taxes
€352k▲
2023 · €280k
Staff costs
€34k▲
2023 · €31k
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 · 2024 against 2023 · 63 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.62M€4.95M▲
Fixed assets21/28€1.70M€1.65M▼
Tangible fixed assets22/27€1.70M€1.65M▼
Land and buildings22€1.64M€1.58M▼
Plant, machinery and equipment23€10k€19k▲
Furniture and vehicles24€45k€49k▲
Financial fixed assets28€95€95=
Current assets29/58€2.93M€3.30M▲
Amounts receivable after more than one year29-€252k
Other amounts receivable291-€252k
Amounts receivable within one year40/41€32k€4k▼
Trade receivables40€32k€4k▼
Other amounts receivable41€342€244▼
Current investments50/53€2.28M€2.51M▲
Cash at bank and in hand54/58€306k€234k▼
Deferred charges and accrued income490/1€311k€297k▼
Equity and liabilities
Total equity and liabilities10/49€4.62M€4.95M▲
Equity10/15€3.38M€3.47M▲
Contributions10/11€6k€6k=
Reserves13€3.38M€3.46M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€198k€84k▼
Distributable reserves133€3.18M€3.38M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.24M€1.48M▲
Amounts payable after more than one year17€276k€237k▼
Financial debts170/4€276k€237k▼
Amounts payable within one year42/48€920k€1.22M▲
Current portion of amounts payable after more than one year42€39k€39k=
Financial debts43€51k€0▼
Credit institutions430/8€51k€0▼
Trade debts44€40k€32k▼
Suppliers440/4€40k€32k▼
Taxes, remuneration and social security45€131k€258k▲
Taxes450/3€125k€252k▲
Remuneration and social security454/9€6k€6k▲
Other amounts payable47/48€660k€890k▲
Accrued charges and deferred income492/3€45k€19k▼
Income statement
Code20232024
Non-recurring operating income76A-€44k
Remuneration, social security and pensions62€31k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€105k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€149
Other operating charges640/8€15k€19k▲
Non-recurring operating charges66A-€8k
Gross operating margin9900€1.04M€1.08M▲
Operating profit (loss)9901€876k€919k▲
Financial income75/76B€28k€281k▲
Recurring financial income75€28k€281k▲
Financial charges65/66B€35k€28k▼
Recurring financial charges65€35k€28k▼
Profit (loss) for the period before taxes9903€869k€1.17M▲
Income taxes67/77€280k€352k▲
Profit (loss) for the period9904€590k€820k▲
Transfer from tax-exempt reserves789-€114k
Profit (loss) for the period to be appropriated9905€590k€934k▲
Appropriation of the result
Profit (loss) to be appropriated9906€590k€934k▲
Transfer from equity791/2€439k€731k▲
Transfer to equity691/2€590k€934k▲
To other reserves6921€590k€934k▲
Profit to be distributed694/7€439k€731k▲
Return on contributions (dividend)694€439k€731k▲
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €820k ▲39%
Net result €820k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
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, Aalst · 1 establishment unit since 2023
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.
Schippersweg 19310 AalstGround area
3,330 m²
Building footprint
361 m²
Volume, LiDAR
1,128 m³
Parcel 41005C0149/00M000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schippersweg 1, 9310 Aalst
since 20232.356.000.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41005C0149/00M000 | Flanders | 3,330 m² | 1 · 361 m² | 5.5 m · 1 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
2022 to 2025 · 2 entries · 1,724 EUR awarded · 1,414 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 627 EUR | 627 EUR |
| 2022 | 1 | 1,097 EUR | 787 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300ARF4K252EZJ617
Similar companies · same sector, comparable size
MILUNIMAX
BE 0821.450.834
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DR MICHEL SCHELLEMANS
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Grobbendonk · Eq €3.46M
RADIOLOGIE DR. HANS JASPERS
BE 0464.412.838
Genk · Eq €3.45M
ASSOCIATION DE MEDECINS HOSPITALIERS DE LA PROVINCE DU LUXEMBOURG, 6800 LIBRAMONT
BE 0420.275.759
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Lavigie
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Schilde · Eq €3.40M
Of 16,627 companies in sector 86220 we hold annual accounts for 7,974. 3,341 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 formPrivate limited company
Founded14-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.