CROES INFRA
ActiveSummary
CROES INFRA has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €783k and a net result of €773k. Equity is growing by ~22.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+30
Solvency38▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.31 in 2024; short-term debt: 75.1% and cash: 9.7% of total assets), and 87.5% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
12.5%
Return on assets
12.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Sector 42
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 401 sector peers (2025).
NBB · sector comparisonPosition among 401 sector peers
Solvency
better than 16%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
1 d early
2023
77 d late
2022
17 d early
2021
6 d early
2020
6 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, abbreviated schema
Turnover
€16.80M
EBIT margin
0.3%
Net result
€773k▲ 357%
2024 · €169k
2020: €177k
2021: €146k
2022: €-130k
2023: €27k
2024: €169k
2020 → 2025
Working capital
€1.03M▼ 10.3%
2024 · €1.15M
2020: €115k
2021: €247k
2022: €144k
2023: €142k
2024: €1.15M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16.80M
Equity€343k-€214k▼ 37.8%€241k▲ 12.6%€410k▲ 70.3%€783k▲ 91.0%
Operating result€197k-€-133k€45k€318k▲ 601%€1.14M▲ 258%
Net result€146k-€-130k€27k€169k▲ 529%€773k▲ 357%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 258% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.25M
Fixed assets
€528k ▲ 152%
Current assets
€5.72M ▲ 17.4%
Equity and liabilities €6.25M
Equity
€783k ▲ 91.0%
Debt
€5.47M ▲ 17.0%
Debt's share of the balance-sheet total falls from 91.9% to 87.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.22M▲
2024 · €402k
Cash flow
€853k▲
2024 · €253k
Current ratio
1.22▼
2024 · 1.31
Quick ratio
1.21▼
2024 · 1.29
Debt to equity
6.99▼
2024 · 11.40
ROE
98.7%▲
2024 · 41.3%
ROA
12.4%▲
2024 · 3.3%
Interest coverage
13.73▲
2024 · 3.70
Debt ≤ 1 year
€4.69M▲
2024 · €3.73M
Debt > 1 year
€775k▼
2024 · €948k
Income taxes
€284k▲
2024 · €67k
Staff costs
€2.35M▲
2024 · €2.25M
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.08M€6.25M▲
Fixed assets21/28€210k€528k▲
Tangible fixed assets22/27€210k€528k▲
Furniture and vehicles24€19k€81k▲
Leasing and similar rights25€191k€448k▲
Current assets29/58€4.87M€5.72M▲
Amounts receivable after more than one year29-€69k
Trade receivables290-€69k
Stocks and contracts in progress3€79k€64k▼
Stocks30/36€79k€64k▼
Amounts receivable within one year40/41€4.21M€4.98M▲
Trade receivables40€3.93M€4.76M▲
Other amounts receivable41€286k€220k▼
Cash at bank and in hand54/58€583k€609k▲
Equity and liabilities
Total equity and liabilities10/49€5.08M€6.25M▲
Equity10/15€410k€783k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€390k€763k▲
Amounts payable17/49€4.67M€5.47M▲
Amounts payable after more than one year17€948k€775k▼
Financial debts170/4€137k€329k▲
Other amounts payable178/9€811k€446k▼
Amounts payable within one year42/48€3.73M€4.69M▲
Current portion of amounts payable after more than one year42€58k€125k▲
Trade debts44€3.47M€3.90M▲
Suppliers440/4€3.47M€3.90M▲
Taxes, remuneration and social security45€193k€263k▲
Taxes450/3€83k€218k▲
Remuneration and social security454/9€110k€45k▼
Other amounts payable47/48-€400k
Income statement
Code20242025
Remuneration, social security and pensions62€2.25M€2.35M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€80k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€2.65M€3.57M▲
Operating profit (loss)9901€318k€1.14M▲
Financial income75/76B€27k€7k▼
Recurring financial income75€27k€7k▼
Financial charges65/66B€108k€89k▼
Recurring financial charges65€108k€89k▼
Profit (loss) for the period before taxes9903€237k€1.06M▲
Income taxes67/77€67k€284k▲
Profit (loss) for the period9904€169k€773k▲
Profit (loss) for the period to be appropriated9905€169k€773k▲
Appropriation of the result
Profit (loss) to be appropriated9906€390k€1.16M▲
Profit (loss) brought forward from the previous period14P€221k€390k▲
Profit to be distributed694/7-€400k
Return on contributions (dividend)694-€400k
Social balance
Average headcount (FTE)908734.334.3=
The notes to these accounts (14 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €773k ▲357%
Operating result €1.14M, net result €773k, both a record.
31-12
Financial
Equity above €500kEq €783k ▲91%
3 profitable years in a row build equity to €783k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 77 days late
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-130k
Net result drops to €-130k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €343k ▲74%
2 profitable years in a row build equity to €343k.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Geetbets · 1 establishment unit since 2019
Ground area
610 m²
Parcel 24028B0364/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Ganzenweg 9, 3450 Geetbets
since 20192.288.277.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24028B0364/00E000indicative | Flanders | 610 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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 · 5 entries · 7,663 EUR awarded · 7,561 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,293 EUR | 3,191 EUR |
| 2024 | 2 | 3,212 EUR | 3,296 EUR |
| 2023 | 1 | 362 EUR | 329 EUR |
| 2022 | 1 | 796 EUR | 745 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 730 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
Founded18-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.