CROWNTRADE
ActiveSummary
CROWNTRADE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€56,395) and a net result of €22,822. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▲+15
Solvency14▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.86 in 2024; short-term debt: 111.1% and cash: 0% 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
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 · 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 →
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 2025Solvency, return and age of the figures
Solvency
-11.1%
Return on assets
4.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 11502 sector peers (2025).
NBB · sector comparisonPosition among 11502 sector peers
Solvency
better than 17%
← 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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
2023
on the day
2022
32 d early
2021
26 d early
2020
9 d late
2019
27 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 3 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 (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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€56,395▲ 28.8%
2024 · -€79,217
Total assets
€507,406▲ 5.8%
2024 · €479,636
Net result
€22,822
2024 · -€5,889
Working capital
-€56,395▲ 28.8%
2024 · -€79,217
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
Line20212022202320242025
Operating result-€6,326▲ 0.2%-€4,200▲ 33.6%-€5,847▼ 39.2%-€4,710▲ 19.4%€23,834
Net result-€9,198below the sector's middle half▼ 3.1%-€6,442below the sector's middle half▲ 30.0%-€13,651below the sector's middle half▼ 112%-€5,889below the sector's middle half▲ 56.9%€22,822within the sector's middle half
Equity-€53,235below the sector's middle half▼ 20.9%-€59,677below the sector's middle half▼ 12.1%-€73,328below the sector's middle half▼ 22.9%-€79,217below the sector's middle half▼ 8.0%-€56,395below the sector's middle half▲ 28.8%
Total assets€479,108above the sector's middle half=€481,783above the sector's middle half▲ 0.6%€479,556above the sector's middle half▼ 0.5%€479,636above the sector's middle half=€507,406above the sector's middle half▲ 5.8%
Debt€532,342▲ 1.8%€541,460▲ 1.7%€552,884▲ 2.1%€558,853▲ 1.1%€563,801▲ 0.9%
Working capital-€53,235below the sector's middle half▼ 20.9%-€59,677below the sector's middle half▼ 12.1%-€72,516below the sector's middle half▼ 21.5%-€79,217below the sector's middle half▼ 9.2%-€56,395below the sector's middle half▲ 28.8%
Solvency-11.1%below the sector's middle half▼ 1.9pp-12.4%below the sector's middle half▼ 1.3pp-15.3%below the sector's middle half▼ 2.9pp-16.5%below the sector's middle half▼ 1.2pp-11.1%below the sector's middle half▲ 5.4pp
Current ratio0.90below the sector's middle half▼ 0.020.89below the sector's middle half▼ 0.010.87below the sector's middle half▼ 0.020.86below the sector's middle half▼ 0.010.90below the sector's middle half▲ 0.04
Return on assets (ROA)-1.9%below the sector's middle half▼ 0.1pp-1.3%within the sector's middle half▲ 0.6pp-2.8%within the sector's middle half▼ 1.5pp-1.2%within the sector's middle half▲ 1.6pp4.5%within the sector's middle half▲ 5.7pp
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 returns to profit in 2025: €23,834 after a loss of €4,710 in 2024, the highest result in the available series.
Key figures and ratios
Debt to equity
-10.00▼
2024 · -7.05
Debt ≤ 1 year
€563,801▲
2024 · €558,853
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 517 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
3.9%
stopped otherwise
92%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 517 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €503 | €507 | €557 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | -€5,822 | -€3,694 | -€5,290 | -€4,141 | €24,419 | ▲ 690% |
| Operating profit (loss)9901 | -€6,326 | -€4,200 | -€5,847 | -€4,710 | €23,834 | ▲ 606% |
| Financial income75/76B | - | €1,339 | €2 | - | - | - |
| Recurring financial income75 | - | €1,339 | €2 | - | - | - |
| Financial charges65/66B | €2,872 | €3,581 | €7,807 | €1,179 | €1,012 | ▼ 14.2% |
| Recurring financial charges65 | €2,872 | €3,581 | €7,807 | €1,179 | €1,012 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | -€9,198 | -€6,442 | -€13,651 | -€5,889 | €22,822 | ▲ 488% |
| Profit (loss) for the period9904 | -€9,198 | -€6,442 | -€13,651 | -€5,889 | €22,822 | ▲ 488% |
| Profit (loss) for the period to be appropriated9905 | -€9,198 | -€6,442 | -€13,651 | -€5,889 | €22,822 | ▲ 488% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €479,108 | €481,783 | €479,556 | €479,636 | €507,406 | ▲ 5.8% |
| Current assets29/58 | €479,108 | €481,783 | €479,556 | €479,636 | €507,406 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €470,222 | €470,489 | €470,088 | €469,908 | €498,774 | ▲ 6.1% |
| Trade receivables40 | €338,054 | €338,405 | €338,223 | €338,054 | €366,919 | ▲ 8.5% |
| Other amounts receivable41 | €132,168 | €132,084 | €131,864 | €131,855 | €131,855 | = |
| Cash at bank and in hand54/58 | €253 | €2,661 | €836 | €1,095 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €8,632 | €8,632 | €8,632 | €8,632 | €8,632 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €479,108 | €481,783 | €479,556 | €479,636 | €507,406 | ▲ 5.8% |
| Equity10/15 | -€53,235 | -€59,677 | -€73,328 | -€79,217 | -€56,395 | ▲ 28.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | -€73,640 | -€80,082 | -€93,733 | -€99,622 | -€76,800 | ▲ 22.9% |
| Amounts payable17/49 | €532,342 | €541,460 | €552,884 | €558,853 | €563,801 | ▲ 0.9% |
| Amounts payable within one year42/48 | €532,342 | €541,460 | €552,072 | €558,853 | €563,801 | ▲ 0.9% |
| Financial debts43 | €45,194 | €48,663 | - | €4,500 | €6,997 | ▲ 55.5% |
| Credit institutions430/8 | €45,194 | €48,663 | - | €4,500 | €6,997 | ▲ 55.5% |
| Trade debts44 | €1,569 | €1,489 | €544 | - | €2,451 | - |
| Suppliers440/4 | €1,569 | €1,489 | €544 | - | €2,451 | - |
| Other amounts payable47/48 | €485,579 | €491,308 | €551,528 | €554,353 | €554,353 | = |
| Accrued charges and deferred income492/3 | - | - | €812 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,198 | -€6,442 | -€13,651 | -€5,889 | €22,822 | ▲ 488% |
| Operating cash flow (approximation) | -€9,198 | -€6,442 | -€13,651 | -€5,889 | €22,822 | ▲ 488% |
| Change in cash | - | €2,408 | -€1,825 | €259 | -€1,095 | ▼ 523% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €22,822
Net result €22,822 after 7 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€13,651
Net result drops to -€13,651, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB 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, Antwerpen · 1 establishment unit since 2003
Ground area
3,436 m²
Building footprint
1,972 m²
Volume, LiDAR
23,607 m³
Parcel 11463D0280/00Z000, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
42
companies at this address
See who is registered here
1 establishment unit
Crowntrade
since 20032.134.946.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0280/00Z000 | Flanders | 3,436 m² | 1 · 1,972 m² | 16.0 m · 4 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.
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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 979 companies in sector 46431 we hold annual accounts for 706. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46319Wholesale of fruit and vegetables, excluding potatoes
46349Wholesale of beverages, general range
46350Wholesale trade
46389Wholesale of other food products
46412Wholesale of household textiles and bedding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860907860
Also
9925:BE0860907860
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.