CROSSXOVER
ActiveSummary
CROSSXOVER has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€220,049) and a net result of -€24,200. Equity is shrinking by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.5 in 2023; short-term debt: 238.5% and cash: 1.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2024Solvency, return and age of the figures
Solvency
-179.2%
Return on assets
-19.7%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€220,049
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 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
12 d late
2022
14 d early
2021
17 d late
2020
30 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€220,049▼ 12.4%
2023 · -€195,848
Total assets
€122,810▼ 22.6%
2023 · €158,685
Net result
-€24,200▲ 64.5%
2023 · -€68,156
Working capital
-€170,049▼ 12.1%
2023 · -€151,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€31,218▼ 50.1%-€10,866▲ 65.2%-€26,498▼ 144%-€64,519▼ 143%-€19,923▲ 69.1%
Net result-€33,631below the sector's middle half▼ 45.0%-€12,369below the sector's middle half▲ 63.2%-€27,627below the sector's middle half▼ 123%-€68,156below the sector's middle half▼ 147%-€24,200below the sector's middle half▲ 64.5%
Equity-€87,696below the sector's middle half▼ 62.2%-€100,065below the sector's middle half▼ 14.1%-€127,693below the sector's middle half▼ 27.6%-€195,848below the sector's middle half▼ 53.4%-€220,049below the sector's middle half▼ 12.4%
Total assets€168,042within the sector's middle half▲ 3.3%€184,391within the sector's middle half▲ 9.7%€158,915within the sector's middle half▼ 13.8%€158,685within the sector's middle half▼ 0.1%€122,810within the sector's middle half▼ 22.6%
Debt€255,738▲ 18.0%€284,456▲ 11.2%€286,607▲ 0.8%€354,533▲ 23.7%€342,859▼ 3.3%
Working capital-€61,535below the sector's middle half▼ 216%-€65,245below the sector's middle half▼ 6.0%-€86,979below the sector's middle half▼ 33.3%-€151,742below the sector's middle half▼ 74.5%-€170,049below the sector's middle half▼ 12.1%
Solvency-52.2%below the sector's middle half▼ 18.9pp-54.3%below the sector's middle half▼ 2.1pp-80.4%below the sector's middle half▼ 26.1pp-123.4%below the sector's middle half▼ 43.1pp-179.2%below the sector's middle half▼ 55.8pp
Current ratio0.70below the sector's middle half▼ 0.170.72below the sector's middle half▲ 0.020.63below the sector's middle half▼ 0.090.50below the sector's middle half▼ 0.130.42below the sector's middle half▼ 0.08
Return on assets (ROA)-20.0%below the sector's middle half▼ 5.8pp-6.7%below the sector's middle half▲ 13.3pp-17.4%below the sector's middle half▼ 10.7pp-43.0%below the sector's middle half▼ 25.6pp-19.7%below the sector's middle half▲ 23.2pp
Staff (FTE)0.5below the sector's middle half=1.1▲ 120%1▼ 9.1%1=1=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 stays negative: a loss of €19,923 in 2024 against €64,519 in 2023; the loss shrinks.
Key figures and ratios
EBITDA
-€14,029▲
2023 · -€58,625
Cash flow
-€18,307▲
2023 · -€62,262
Quick ratio
0.32▼
2023 · 0.40
Debt to equity
-1.56▲
2023 · -1.81
Interest coverage
-3.48▲
2023 · -14.46
Debt ≤ 1 year
€292,859▼
2023 · €304,533
Debt > 1 year
€50,000=
2023 · €50,000
Income taxes
€250▲
2023 · €168
Staff costs
€39,270▲
2023 · €33,588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,134 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €35,489 | €33,714 | €33,588 | €39,270 | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,795 | €6,663 | €5,893 | €5,893 | €5,893 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | €76,251 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €3,217 | €1,942 | €4,072 | €2,436 | ▼ 40.2% |
| Gross operating margin9900 | €10,556 | €34,503 | €15,051 | €55,285 | €27,677 | ▼ 49.9% |
| Operating profit (loss)9901 | -€31,218 | -€10,866 | -€26,498 | -€64,519 | -€19,923 | ▲ 69.1% |
| Financial income75/76B | - | €16 | €0 | €586 | €0 | ▼ 100% |
| Recurring financial income75 | €24 | €16 | €0 | €586 | €0 | ▼ 100% |
| Financial charges65/66B | - | €1,310 | €887 | €4,054 | €4,028 | ▼ 0.6% |
| Recurring financial charges65 | €2,268 | €1,310 | €887 | €4,054 | €4,028 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | -€33,462 | -€12,159 | -€27,385 | -€67,987 | -€23,951 | ▲ 64.8% |
| Income taxes67/77 | €169 | €210 | €242 | €168 | €250 | ▲ 48.4% |
| Profit (loss) for the period9904 | -€33,631 | -€12,369 | -€27,627 | -€68,156 | -€24,200 | ▲ 64.5% |
| Profit (loss) for the period to be appropriated9905 | -€33,631 | -€12,369 | -€27,627 | -€68,156 | -€24,200 | ▲ 64.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,042 | €184,391 | €158,915 | €158,685 | €122,810 | ▼ 22.6% |
| Fixed assets21/28 | €24,343 | €17,680 | €11,787 | €5,893 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €24,343 | €17,680 | €11,787 | €5,893 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €17,680 | €11,787 | €5,893 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Current assets29/58 | €143,699 | €166,711 | €147,128 | €152,791 | €122,810 | ▼ 19.6% |
| Stocks and contracts in progress3 | €27,750 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Stocks30/36 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Amounts receivable within one year40/41 | €110,347 | €133,888 | €116,302 | €120,744 | €89,660 | ▼ 25.7% |
| Trade receivables40 | - | €60,641 | €42,919 | €120,744 | €89,660 | ▼ 25.7% |
| Other amounts receivable41 | - | €73,248 | €73,383 | €0 | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | €1,651 | - |
| Deferred charges and accrued income490/1 | - | €2,823 | €826 | €2,047 | €1,499 | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,042 | €184,391 | €158,915 | €158,685 | €122,810 | ▼ 22.6% |
| Equity10/15 | -€87,696 | -€100,065 | -€127,693 | -€195,848 | -€220,049 | ▼ 12.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€106,296 | -€118,665 | -€146,293 | -€214,448 | -€238,649 | ▼ 11.3% |
| Amounts payable17/49 | €255,738 | €284,456 | €286,607 | €354,533 | €342,859 | ▼ 3.3% |
| Amounts payable after more than one year17 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Financial debts170/4 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €205,234 | €231,956 | €234,107 | €304,533 | €292,859 | ▼ 3.8% |
| Financial debts43 | - | €2,030 | €2,438 | €1,992 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €2,030 | €2,438 | €1,992 | €0 | ▼ 100% |
| Trade debts44 | €58,318 | €74,884 | €80,052 | €53,988 | €33,855 | ▼ 37.3% |
| Suppliers440/4 | - | €74,884 | €80,052 | €53,988 | €33,855 | ▼ 37.3% |
| Taxes, remuneration and social security45 | - | €18,315 | €16,065 | €15,253 | €22,883 | ▲ 50.0% |
| Taxes450/3 | - | €12,843 | €13,202 | €11,744 | €18,928 | ▲ 61.2% |
| Remuneration and social security454/9 | - | €5,472 | €2,863 | €3,509 | €3,956 | ▲ 12.7% |
| Other amounts payable47/48 | - | €136,728 | €135,552 | €233,299 | €236,120 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | - | €2,500 | €2,500 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,631 | -€12,369 | -€27,627 | -€68,156 | -€24,200 | ▲ 64.5% |
| + Depreciation and write-downs630 | €6,795 | €6,663 | €5,893 | €5,893 | €5,893 | = |
| Operating cash flow (approximation) | -€26,835 | -€5,706 | -€21,734 | -€62,262 | -€18,307 | ▲ 70.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Weakest financial yearnet -€68,156
Net result drops to -€68,156, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-07
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zandhoven · 1 establishment unit since 2010
Ground area
583 m²
Building footprint
611 m²
Volume, LiDAR
4,584 m³
2 parcels, Flanders · tallest building 19.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Crossxover
since 20102.189.791.430
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11034B0626/00K005 | Flanders | 363 m² | 1 · 363 m² | 12.9 m · 3 fl. |
| 11034B0626/00H005 | Flanders | 220 m² | 1 · 248 m² | 19.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,307 companies in sector 46423 we hold annual accounts for 810. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded12-07-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46423Wholesale of clothing, excluding workwear and underwear
13929Manufacture of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0827730494
Also
9925:BE0827730494
Registered
21-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.