CROFAR
ActiveSummary
CROFAR has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,809 and a net result of €191,480. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▲+3
Solvency46▼-53
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.53 against 1.05 in 2024; short-term debt: 78.8% and cash: 27.2% of total assets), and 78.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
21.2%
Return on assets
23.8%
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 11-04-2026, 111 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
111 d early
2024
31 d late
2023
16 d late
2022
29 d late
2021
30 d late
2020
31 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€170,809▼ 64.4%
2024 · €479,329
Total assets
€804,354▲ 24.1%
2024 · €647,897
Net result
€191,480▲ 36.9%
2024 · €139,911
Working capital
-€298,596
2024 · €9,011
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€126,512▼ 4.3%€367,900▲ 191%€129,707▼ 64.7%€128,389▼ 1.0%€226,192▲ 76.2%
Net result€102,757above the sector's middle half▲ 0.3%€283,973above the sector's middle half▲ 176%€116,809above the sector's middle half▼ 58.9%€139,911above the sector's middle half▲ 19.8%€191,480above the sector's middle half▲ 36.9%
Equity€320,636above the sector's middle half▲ 24.3%€522,609above the sector's middle half▲ 63.0%€339,418above the sector's middle half▼ 35.1%€479,329above the sector's middle half▲ 41.2%€170,809within the sector's middle half▼ 64.4%
Total assets€380,743above the sector's middle half▼ 6.4%€628,125above the sector's middle half▲ 65.0%€653,432above the sector's middle half▲ 4.0%€647,897above the sector's middle half▼ 0.8%€804,354above the sector's middle half▲ 24.1%
Debt€60,106▼ 59.6%€105,516▲ 75.5%€314,014▲ 198%€168,568▼ 46.3%€633,545▲ 276%
Working capital€148,840above the sector's middle half▲ 69.6%€351,234above the sector's middle half▲ 136%€168,465above the sector's middle half▼ 52.0%€9,011within the sector's middle half▼ 94.7%-€298,596below the sector's middle half
Solvency84.2%above the sector's middle half▲ 20.8pp83.2%above the sector's middle half▼ 1.0pp51.9%within the sector's middle half▼ 31.3pp74.0%within the sector's middle half▲ 22.0pp21.2%within the sector's middle half▼ 52.7pp
Current ratio3.48within the sector's middle half▲ 1.894.33above the sector's middle half▲ 0.851.54within the sector's middle half▼ 2.791.05below the sector's middle half▼ 0.480.53below the sector's middle half▼ 0.52
Return on assets (ROA)27.0%above the sector's middle half▲ 1.8pp45.2%above the sector's middle half▲ 18.2pp17.9%within the sector's middle half▼ 27.3pp21.6%within the sector's middle half▲ 3.7pp23.8%within the sector's middle half▲ 2.2pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 76% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €804,354
Fixed assets
€469,405 ▼ 0.2%
Current assets
€334,949 ▲ 88.6%
Equity and liabilities €804,354
Equity
€170,809 ▼ 64.4%
Debt
€633,545 ▲ 276%
Debt's share of the balance-sheet total rises from 26.0% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€227,105▲
2024 · €128,983
Cash flow
€192,393▲
2024 · €140,504
Debt to equity
3.71▲
2024 · 0.35
ROE
112.1%▲
2024 · 29.2%
Interest coverage
712.69▲
2024 · 178.23
Debt ≤ 1 year
€633,545▲
2024 · €168,568
Income taxes
€57,392▲
2024 · €29,200
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €255,000 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €415 | €421 | €421 | €593 | €913 | ▲ 53.9% |
| Other operating charges640/8 | €1,072 | €1,130 | €1,390 | €432 | €651 | ▲ 50.7% |
| Gross operating margin9900 | €128,000 | €369,452 | €131,519 | €129,415 | €227,756 | ▲ 76.0% |
| Operating profit (loss)9901 | €126,512 | €367,900 | €129,707 | €128,389 | €226,192 | ▲ 76.2% |
| Financial income75/76B | €4,815 | €5,259 | €19,724 | €41,446 | €22,999 | ▼ 44.5% |
| Recurring financial income75 | €4,815 | €5,259 | €19,724 | €41,446 | €22,999 | ▼ 44.5% |
| Financial charges65/66B | €174 | €53 | €606 | €724 | €319 | ▼ 56.0% |
| Recurring financial charges65 | €174 | €53 | €606 | €724 | €319 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €131,153 | €373,106 | €148,826 | €169,111 | €248,872 | ▲ 47.2% |
| Income taxes67/77 | €28,396 | €89,133 | €32,017 | €29,200 | €57,392 | ▲ 96.5% |
| Profit (loss) for the period9904 | €102,757 | €283,973 | €116,809 | €139,911 | €191,480 | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €102,757 | €283,973 | €116,809 | €139,911 | €191,480 | ▲ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €380,743 | €628,125 | €653,432 | €647,897 | €804,354 | ▲ 24.1% |
| Fixed assets21/28 | €171,796 | €171,375 | €170,954 | €470,318 | €469,405 | ▼ 0.2% |
| Tangible fixed assets22/27 | €1,796 | €1,375 | €954 | €2,818 | €1,905 | ▼ 32.4% |
| Plant, machinery and equipment23 | - | - | - | €2,286 | €1,794 | ▼ 21.5% |
| Furniture and vehicles24 | €1,796 | €1,375 | €954 | €532 | €111 | ▼ 79.2% |
| Financial fixed assets28 | €170,000 | €170,000 | €170,000 | €467,500 | €467,500 | = |
| Current assets29/58 | €208,946 | €456,750 | €482,478 | €177,579 | €334,949 | ▲ 88.6% |
| Amounts receivable within one year40/41 | €59,580 | €55,404 | €5,777 | €16,647 | €61,639 | ▲ 270% |
| Trade receivables40 | €16,456 | €54,208 | €0 | €15,942 | €60,998 | ▲ 283% |
| Other amounts receivable41 | €43,124 | €1,196 | €5,777 | €705 | €641 | ▼ 9.1% |
| Current investments50/53 | €146,504 | €146,968 | €171,183 | €69,801 | €54,631 | ▼ 21.7% |
| Cash at bank and in hand54/58 | €2,862 | €254,378 | €305,518 | €91,131 | €218,680 | ▲ 140% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €380,743 | €628,125 | €653,432 | €647,897 | €804,354 | ▲ 24.1% |
| Equity10/15 | €320,636 | €522,609 | €339,418 | €479,329 | €170,809 | ▼ 64.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €83,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €82,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | €218,176 | €502,149 | €318,958 | €458,869 | €150,349 | ▼ 67.2% |
| Amounts payable17/49 | €60,106 | €105,516 | €314,014 | €168,568 | €633,545 | ▲ 276% |
| Amounts payable within one year42/48 | €60,106 | €105,516 | €314,014 | €168,568 | €633,545 | ▲ 276% |
| Trade debts44 | €4,834 | €665 | €2,248 | €1,285 | €1,005 | ▼ 21.8% |
| Suppliers440/4 | €4,834 | €665 | €2,248 | €1,285 | €1,005 | ▼ 21.8% |
| Taxes, remuneration and social security45 | €15,272 | €8,276 | €11,766 | €19,435 | €15,972 | ▼ 17.8% |
| Taxes450/3 | €15,272 | €8,276 | €11,766 | €19,435 | €15,972 | ▼ 17.8% |
| Other amounts payable47/48 | €40,000 | €96,575 | €300,000 | €147,848 | €616,568 | ▲ 317% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €102,757 | €283,973 | €116,809 | €139,911 | €191,480 | ▲ 36.9% |
| + Depreciation and write-downs630 | €415 | €421 | €421 | €593 | €913 | ▲ 53.9% |
| Operating cash flow (approximation) | €103,172 | €284,395 | €117,230 | €140,504 | €192,393 | ▲ 36.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€299,958 | €0 | ▲ 100% |
| Change in cash | - | €251,516 | €51,140 | -€214,387 | €127,549 | ▲ 159% |
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
11-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €283,973 ▲176%
Operating result €367,900, net result €283,973, both a record.
31-12
Financial
Equity above €500,000Eq €522,609 ▲63%
5 profitable years in a row build equity to €522,609.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.48
Current ratio from 1.59 to 3.48; short-term debt falls from €148,685 to €60,106.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
31-12
Financial
Weakest financial yearnet €75,171 ▼1.8%
Net result drops to €75,171, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 9.52
Current ratio from 2.96 to 9.52; short-term debt falls from €85,490 to €29,410.
Show earlier events
31-12
Financial
Equity above €200,000Eq €255,466 ▲41.7%
2 profitable years in a row build equity to €255,466.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oostkamp · 1 establishment unit since 2016
Ground area
1,003 m²
Building footprint
234 m²
Volume, LiDAR
1,110 m³
Parcel 31022A0093/00L002, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CROFAR
since 20162.256.886.825
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31022A0093/00L002 | Flanders | 1,002 m² | 1 · 234 m² | 6.8 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500RRD6PWT23NGR12
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,907. 5,389 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
Founded21-09-2016
Fiscal year end31-12
Trade name NL
EBVBA
Activities, NACEBEL 2025
73300Public relations and communication consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0662794862
Registered
17-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.