CROMBEZ CONSTRUCT

Active

Private limited companyfounded 20215 yrs activeMariakerkelaan 276, 8400 Oostende, BelgiumKBO/BCE: BE 0764.899.339

CROMBEZ CONSTRUCT has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5k and a net result of €-23k. Equity is shrinking by ~36% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 23% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

40 / 100

Weak▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency16▼-4

Growth32▼-20

Stability94

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.15 against 0.87 in 2023), and 96.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

3.1%

Return on assets

-15.8%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 19344 sector peers (2024).

NBB · sector comparison

Position among 19344 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

29 d late

2022

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€5k▼ 83.8%

2023 · €28k

2022: €16k 2023: €28k

2022 → 2024

Total assets

€148k▼ 7.5%

2023 · €160k

2022: €148k 2023: €160k

2022 → 2024

Net result

€-23k

2023 · €12k

2022: €14k 2023: €12k

2022 → 2024

Working capital

€14k

2023 · €-15k

2022: €-19k 2023: €-15k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€16k-€28k▲ 73.4%€5k▼ 83.8%

Operating result€19k-€18k▼ 7.0%€-17k

Net result€14k-€12k▼ 13.1%€-23k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €17k after €18k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €148k

26.0%

74.0%

Fixed assets €38k▼ 30.8%

Current assets €109k▲ 4.9%

Equity and liabilities €148k

96.9%

Equity €5k▼ 83.8%

Debt €143k▲ 8.7%

The debt ratio rises from 82.5% to 96.9%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€12k▼

2023 · €43k

Cash flow

€6k▼

2023 · €37k

Solvency

3.1%▼

2023 · 17.5%

Current ratio

1.15▲

2023 · 0.87

Quick ratio

1.15▲

2023 · 0.87

Debt / equity

31.75▲

2023 · 4.72

ROE

-518.5%▼

2023 · 42.3%

ROA

-15.8%▼

2023 · 7.4%

Interest coverage

1.90▼

2023 · 9.68

Debt

€143k▲

2023 · €132k

Debt ≤ 1 year

€95k▼

2023 · €120k

Debt > 1 year

€48k▲

2023 · €12k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€160k€148k▼

Fixed assets21/28€55k€38k▼

Tangible fixed assets22/27€45k€28k▼

Land and buildings22-€4k

Plant, machinery and equipment23€15k€3k▼

Furniture and vehicles24€31k€21k▼

Financial fixed assets28€10k€10k=

Current assets29/58€104k€109k▲

Amounts receivable within one year40/41€47k€48k▲

Trade receivables40€33k€30k▼

Other amounts receivable41€14k€18k▲

Cash at bank and in hand54/58€57k€57k=

Deferred charges and accrued income490/1€390€4k▲

Equity and liabilities

Total equity and liabilities10/49€160k€148k▼

Equity10/15€28k€5k▼

Contributions10/11€3k€3k=

Reserves13€25k€2k▼

Distributable reserves133€25k€2k▼

Amounts payable17/49€132k€143k▲

Amounts payable after more than one year17€12k€48k▲

Financial debts170/4€12k€48k▲

Amounts payable within one year42/48€120k€95k▼

Current portion of amounts payable after more than one year42€4k€17k▲

Financial debts43€35k€35k=

Credit institutions430/8€35k€35k=

Trade debts44€24k€37k▲

Suppliers440/4€24k€37k▲

Taxes, remuneration and social security45€8k€4k▼

Taxes450/3€8k€4k▼

Other amounts payable47/48€49k€3k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€29k▲

Other operating charges640/8€4k€3k▼

Gross operating margin9900€47k€15k▼

Operating profit (loss)9901€18k€-17k▼

Financial income75/76B€2k€318▼

Recurring financial income75€2k€318▼

Financial charges65/66B€4k€6k▲

Recurring financial charges65€4k€6k▲

Profit (loss) for the period before taxes9903€15k€-23k▼

Income taxes67/77€4k-

Profit (loss) for the period9904€12k€-23k▼

Profit (loss) for the period to be appropriated9905€12k€-23k▼

Appropriation of the result

Profit (loss) to be appropriated9906€12k€-23k▼

Transfer from equity791/2-€23k

Transfer to equity691/2€12k-

To other reserves6921€12k-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 1Gazette 1Filings 3

2026

19-03

State Gazette act Registered office

Board meeting · Registered-office move · Power of attorney3 facts ▸

Board meeting, 17/03/2025
Registered-office move, Mariakerkelaan 276, 8400 Oostende
Power of attorney, FLAMEE & PARTNERS

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-23k ▼298%

Net result drops to €-23k, the lowest in the series.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Oostende · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Mariakerkelaan 2768400 Oostende

Ground area

1,156 m²

Building footprint

389 m²

Volume, LiDAR

2,027 m³

2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CROMBEZ CONSTRUCT

Real estate development

since 20212.315.941.811

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35384A0168/00K002	Flanders	828 m²	1 · 122 m²	8.3 m · 2 fl.
35020C0287/00W023	Flanders	328 m²	1 · 268 m²	7.9 m · 2 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.

Similar companies · same sector, comparable size

Xenia Real Estate Development

Fexhe-le-Haut-Clocher · Eq €5k

Of 9,635 companies in sector 68121 we hold annual accounts for 7,328. 2,074 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-03-2021

Fiscal year end31-12

Activities, NACEBEL

68121Development of residential building projects

68122Development of non-residential building projects

43120Site preparation

43230Insulation installation

43291Specialised construction activities

81210General cleaning of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.