Crop's Cold Store
ActiveCrop's Cold Store has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.60M and a net result of €-5.03M. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 10% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
12
/ 100
Critical▼ -46 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability3▼-18
Solvency16▼-12
Growth37▼-32
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.01 against 1.2 in 2024), and 93.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
6.3%
Return on assets
-12.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
26 d early
2024
42 d early
2023
42 d early
2022
on the day
2021
41 d early
2020
3 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€168.48M▼ 3.2%
2024 · €173.98M
2021: €146.57M
2022: €143.67M
2023: €180.06M
2024: €173.98M
2021 → 2025
EBIT margin
-2.8%▼ 3.4pp
2024 · 0.6%
2021: 2.1%
2022: 0.0%
2023: 0.6%
2024: 0.6%
2021 → 2025
Net result
€-5.03M
2024 · €492k
2020: €238k
2021: €2.22M
2022: €-15k
2023: €641k
2024: €492k
2020 → 2025
Working capital
€552k▼ 91.0%
2024 · €6.14M
2020: €2.76M
2021: €5.48M
2022: €5.60M
2023: €5.55M
2024: €6.14M
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€146.57M-€143.67M▼ 2.0%€180.06M▲ 25.3%€173.98M▼ 3.4%€168.48M▼ 3.2%
Equity€6.41M-€6.40M▼ 0.2%€7.04M▲ 10.0%€7.53M▲ 7.0%€2.60M▼ 65.5%
Operating result€3.11M-€57k▼ 98.2%€1.02M▲ 1,700%€1.02M▲ 0.5%€-4.74M
Net result€2.22M-€-15k€641k€492k▼ 23.2%€-5.03M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4.74M after €1.02M in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41.38M
Fixed assets
€3.22M▲ 8.8%
Current assets
€38.17M▲ 2.1%
Equity and liabilities €41.38M
Equity
€2.60M▼ 65.5%
Debt
€38.78M▲ 18.1%
The debt ratio rises from 81.3% to 93.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3.88M▼
2024 · €1.74M
Cash flow
€-4.18M▼
2024 · €1.21M
Solvency
6.3%▼
2024 · 18.7%
Current ratio
1.01▼
2024 · 1.20
Quick ratio
0.70▼
2024 · 0.82
Debt / equity
14.92▲
2024 · 4.36
ROE
-193.5%▼
2024 · 6.5%
ROA
-12.2%▼
2024 · 1.2%
Interest coverage
-10.29▼
2024 · 6.35
Debt
€38.78M▲
2024 · €32.83M
Debt ≤ 1 year
€37.61M▲
2024 · €31.26M
Debt > 1 year
€669k▼
2024 · €966k
Income taxes
€2k▼
2024 · €254k
Staff costs
€17.17M▲
2024 · €16.09M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€40.36M€41.38M▲
Fixed assets21/28€2.96M€3.22M▲
Intangible fixed assets21€41k€28k▼
Tangible fixed assets22/27€2.92M€3.19M▲
Plant, machinery and equipment23€2.33M€2.95M▲
Furniture and vehicles24€27k€25k▼
Assets under construction and advance payments27€557k€216k▼
Financial fixed assets28€2k€2k=
Other financial fixed assets284/8€2k€2k=
Amounts receivable and cash guarantees285/8€2k€2k=
Current assets29/58€37.40M€38.17M▲
Stocks and contracts in progress3€11.69M€11.66M▼
Stocks30/36€11.69M€11.66M▼
Raw materials and consumables30/31€2.37M€1.83M▼
Work in progress32€1.94M€1.79M▼
Finished goods33€3.15M€4.56M▲
Goods purchased for resale34€4.24M€3.49M▼
Amounts receivable within one year40/41€25.12M€25.83M▲
Trade receivables40€24.29M€24.84M▲
Other amounts receivable41€829k€989k▲
Cash at bank and in hand54/58€387k€419k▲
Deferred charges and accrued income490/1€195k€251k▲
Equity and liabilities
Total equity and liabilities10/49€40.36M€41.38M▲
Equity10/15€7.53M€2.60M▼
Contributions10/11€3.44M€3.44M=
Capital10€3.44M€3.44M=
Issued capital100€3.44M€3.44M=
Reserves13€202k€202k=
Non-distributable reserves130/1€202k€202k=
Legal reserve130€202k€202k=
Profit (loss) carried forward14€3.88M€-1.15M▼
Investment grants15-€102k
Amounts payable17/49€32.83M€38.78M▲
Amounts payable after more than one year17€966k€669k▼
Financial debts170/4€966k€669k▼
Credit institutions173€966k€669k▼
Amounts payable within one year42/48€31.26M€37.61M▲
Current portion of amounts payable after more than one year42€297k€297k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€24.76M€25.97M▲
Suppliers440/4€24.76M€25.97M▲
Taxes, remuneration and social security45€2.23M€2.05M▼
Taxes450/3€264k€6k▼
Remuneration and social security454/9€1.97M€2.04M▲
Other amounts payable47/48€3.97M€9.30M▲
Accrued charges and deferred income492/3€606k€502k▼
Income statement
Code20242025
Operating income70/76A€173.34M€170.90M▼
Turnover70€173.98M€168.48M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-1.97M€1.26M▲
Other operating income74€1.23M€1.17M▼
Non-recurring operating income76A€109k€0▼
Operating charges60/66A€172.32M€175.64M▲
Goods for resale, raw materials and consumables60€138.51M€138.68M▲
Purchases600/8€137.80M€137.40M▼
Change in stocks: decrease (increase)609€716k€1.28M▲
Services and other goods61€16.84M€18.77M▲
Remuneration, social security and pensions62€16.09M€17.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€721k€852k▲
Other operating charges640/8€160k€158k▼
Operating profit (loss)9901€1.02M€-4.74M▼
Financial income75/76B€891€89k▲
Recurring financial income75€891€89k▲
Other financial income752/9€891€89k▲
Financial charges65/66B€278k€380k▲
Recurring financial charges65€278k€380k▲
Debt charges650€274k€377k▲
Other financial charges652/9€3k€2k▼
Profit (loss) for the period before taxes9903€746k€-5.03M▼
Income taxes67/77€254k€2k▼
Taxes670/3€254k€2k▼
Profit (loss) for the period9904€492k€-5.03M▼
Profit (loss) for the period to be appropriated9905€492k€-5.03M▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.91M€-1.15M▼
Profit (loss) brought forward from the previous period14P€3.42M€3.88M▲
Transfer to equity691/2€25k€0▼
To the legal reserve6920€25k€0▼
Social balance
Average headcount (FTE)9087236.6253.6▲
The notes to these accounts (77 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
31-07
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment · Permanent representative3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment · Permanent representative3 facts ▸
- General meeting, 09/12/2025
- Auditor appointment, EY Bedrijfsrevisoren BV (commissaris)
- Permanent representative, Brecht Deketele
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-5.03M ▼1123%
Net result drops to €-5.03M, the lowest in the series.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €641k
Net result €641k after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial
Highest result since 2020net €2.22M ▲831%
Operating result €3.11M, net result €2.22M, both a record.
30-06
Financial
Equity above €5MEq €6.41M ▲52.9%
2 profitable years in a row build equity to €6.41M.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
07-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2016
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.
Oostrozebeeksestraat(O) 1488710 WielsbekeGround area
1.5 ha
Building footprint
3,711 m²
Volume, LiDAR
39,192 m³
Parcel 37009A0011/00B002, Flanders · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Crop's Cold Store
since 20162.253.729.177
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0011/00B002 | Flanders | 1.5 ha | 1 · 3,711 m² | 13.1 m · 4 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.
Statutory auditor
1 auditor| EY Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Brecht Deketele | 31-07-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 66,761 EUR awarded · 66,761 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 12,701 EUR | 12,701 EUR |
| 2024 | 1 | 12,323 EUR | 12,323 EUR |
| 2023 | 2 | 24,918 EUR | 24,918 EUR |
| 2022 | 2 | 16,819 EUR | 16,819 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWielsbeke2.253.729.177
Dual-learning approval
5 live approvals · 1 endedLogistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker duaal (so)
Legal Entity Identifier
6994001F47N3S5S2KC83
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Of 1,413 companies in sector 46389 we hold annual accounts for 843. 349 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-2016
Fiscal year end30-06
Activities, NACEBEL
46389Wholesale of other food products
52100Warehousing and storage
10393Manufacture of food products
10850Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.