CROX
ActiveSummary
CROX has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,387 and a net result of -€6,422. Equity has been shrinking by about 2.9% per year since 2018. Its solvency ranks better than 95% of 1,121 sector peers (NACE 18, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-12-1993 Normal situation
- Activity
- Pre-press and pre-media services NACE 18130
- Establishment unit
- 2.064.638.763 6530 Thuin, since 15-12-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€1,755
- Loss
- €6,422
- Equity
- €50,387
- ▼ 11.3%
- Total assets
- €50,840
- ▼ 18.5%
- Employees on 31-12-2025
- 0
Score breakdownraises riskLoss of €6,422 (financial year 2025)Sector: Printing and reproduction of recorded media (NACE 18)lowers riskLiquidity: current ratio 76.99, cash €31,545Equity €50,387 (99.1% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro). It does better than 88% of them on solvency, 97% on liquidity, 13% on profitability and 26% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 22 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 16-07-2026 at the NBB all 32 filings
Every figure per financial year
The operating result for 2025 is a loss of €6,174, after a profit of €8,417 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €6,590 | €3,622 | €9,248 |
| Intangible fixed assets | - | - | - | - | €3,125 |
| Depreciation and write-downs of the year | €1,002 | €588 | €1,584 | €2,076 | €3,548 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €414 | €414 | €823 | €1,002 | €588 | €1,584 | €2,076 | €3,548 | ▲ 70.9% |
| Other operating charges640/8 | - | - | - | €1,419 | €1,060 | €828 | €1,029 | €872 | ▼ 15.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €29 | - | - | - |
| Gross operating margin9900 | €12,175 | €8,823 | -€8,575 | €8,996 | €3,671 | €6,710 | €11,522 | -€1,755 | - |
| Operating profit (loss)9901 | €9,610 | €7,476 | -€10,334 | €6,576 | €2,023 | €4,269 | €8,417 | -€6,174 | - |
| Financial income75/76B | - | - | - | €9 | €9 | - | €7 | €2 | ▼ 66.5% |
| Recurring financial income75 | €99 | €14 | €15 | €9 | €9 | - | €7 | €2 | ▼ 66.5% |
| Financial charges65/66B | - | - | - | €352 | €407 | €349 | €290 | €74 | ▼ 74.6% |
| Recurring financial charges65 | €822 | €628 | €486 | €352 | €407 | €349 | €290 | €74 | ▼ 74.6% |
| Profit (loss) for the period before taxes9903 | €8,887 | €6,862 | -€10,805 | €6,232 | €1,626 | €3,920 | €8,134 | -€6,246 | - |
| Income taxes67/77 | €2,648 | €2,493 | €220 | €157 | €603 | €1,148 | €2,898 | €176 | ▼ 93.9% |
| Profit (loss) for the period9904 | €6,239 | €4,369 | -€11,026 | €6,075 | €1,023 | €2,772 | €5,236 | -€6,422 | - |
| Profit (loss) for the period to be appropriated9905 | €6,239 | €4,369 | -€11,026 | €6,075 | €1,023 | €2,772 | €5,236 | -€6,422 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,687 | €71,343 | €62,281 | €74,503 | €67,351 | €61,480 | €62,363 | €50,840 | ▼ 18.5% |
| Fixed assets21/28 | €1,299 | €884 | €2,175 | €1,174 | €586 | €5,564 | €7,110 | €15,935 | ▲ 124% |
| Intangible fixed assets21 | - | - | - | - | - | - | - | €2,925 | - |
| Tangible fixed assets22/27 | €1,243 | €828 | €2,120 | €1,118 | €530 | €5,508 | €7,054 | €12,954 | ▲ 83.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €3,123 | €2,804 | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | €1,118 | €530 | €5,508 | €3,931 | €10,150 | ▲ 158% |
| Financial fixed assets28 | €56 | €56 | €56 | €56 | €56 | €56 | €56 | €56 | = |
| Current assets29/58 | €76,389 | €70,459 | €60,106 | €73,329 | €66,765 | €55,916 | €55,253 | €34,905 | ▼ 36.8% |
| Amounts receivable within one year40/41 | €64,275 | €57,563 | €50,400 | €17,621 | €10,569 | €19,360 | €610 | €1,878 | ▲ 208% |
| Trade receivables40 | - | - | - | €17,621 | €10,569 | €19,360 | - | €561 | - |
| Other amounts receivable41 | - | - | - | - | - | - | €610 | €1,317 | ▲ 116% |
| Cash at bank and in hand54/58 | €9,067 | €10,211 | €6,960 | €52,630 | €53,534 | €33,924 | €52,331 | €31,545 | ▼ 39.7% |
| Deferred charges and accrued income490/1 | - | - | - | €3,079 | €2,662 | €2,632 | €2,312 | €1,482 | ▼ 35.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,687 | €71,343 | €62,281 | €74,503 | €67,351 | €61,480 | €62,363 | €50,840 | ▼ 18.5% |
| Equity10/15 | €62,645 | €67,014 | €55,989 | €62,064 | €63,086 | €51,573 | €56,809 | €50,387 | ▼ 11.3% |
| Contributions10/11 | €18,750 | €18,750 | - | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Reserves13 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | €4,647 | €9,883 | €9,883 | = |
| Non-distributable reserves130/1 | - | - | - | €1,875 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,875 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €1,875 | €4,647 | €9,883 | €9,883 | = |
| Profit (loss) carried forward14 | €42,020 | €46,389 | €35,364 | €41,439 | €42,461 | €28,175 | €28,175 | €21,753 | ▼ 22.8% |
| Amounts payable17/49 | €15,042 | €4,329 | €6,292 | €12,439 | €4,264 | €9,908 | €5,555 | €453 | ▼ 91.8% |
| Amounts payable within one year42/48 | €15,042 | €4,329 | €6,292 | €12,439 | €4,264 | €9,908 | €5,555 | €453 | ▼ 91.8% |
| Trade debts44 | €5,387 | €924 | €379 | €7,822 | €891 | €2,156 | €986 | - | - |
| Suppliers440/4 | - | - | - | €7,822 | €891 | €2,156 | €986 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €4,618 | €3,374 | €7,752 | €4,569 | €453 | ▼ 90.1% |
| Taxes450/3 | - | - | - | €4,618 | €3,374 | €5,052 | €3,369 | €453 | ▼ 86.5% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,700 | €1,200 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,239 | €4,369 | -€11,026 | €6,075 | €1,023 | €2,772 | €5,236 | -€6,422 | - |
| + Depreciation and write-downs630 | €414 | €414 | €823 | €1,002 | €588 | €1,584 | €2,076 | €3,548 | ▲ 70.9% |
| Operating cash flow (approximation) | €6,653 | €4,784 | -€10,203 | €7,077 | €1,610 | €4,356 | €7,312 | -€2,874 | - |
| Investment in fixed assets (approximation) | - | €0 | -€2,114 | €0 | €0 | -€6,562 | -€3,622 | -€12,373 | ▼ 242% |
| Change in cash | - | €1,144 | -€3,252 | €45,670 | €904 | -€19,610 | €18,407 | -€20,785 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as CROX has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CROX itself is lower: 0.1% within 12 months. It rests on far more data about CROX than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for CROX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00307769 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00180385 | |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00279172 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00179285 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20146265 | |
| 31-12-2020 | micro format | 30-06-2021 | 2021-28400364 | |
| 31-12-2019 | micro format | 03-08-2020 | 2020-39900302 | |
| 31-12-2018 | micro format | 07-08-2019 | 2019-46200013 | |
| 31-12-2017 | micro format | 06-08-2018 | 2018-44000205 | |
| 31-12-2016 | full format | 01-08-2017 | 2017-41500228 |
Board & ownership
Directors
Owners and capital
Shareholders
- SEGHIN Vincent 250 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SEGHIN Vincent Léon André Jacques |
|
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 02-03-2022 (in French)
Network & group
CROX shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CROX. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-08
Gazette deed
Registered office moved to ThùinNew seat: rue Bethléem, n° 28/3 à 6530 THÙIN · Shareholding5 points ▸
- General meeting, 02-08-2024
- Other provision, “accord et approbation par signature, siège social de société” (deed in French)
- Registered-office move, rue Bethléem, n° 28/3 à 6530 THÙIN
- SEGHIN Vincent holds 250 shares
- Other provision, “registre des procès-verbaux des assemblées générales des actionnaires, conservation du document” (deed in French)
02-03
Gazette deed
Resignation: SEGHIN Vincent Léon André Jacques (manager)Reappointment: SEGHIN Vincent Léon André Jacques (director) · Capital conversion · Reserve release11 points ▸
- General meeting, 21-02-2022
- Other provision, “conservation de la forme juridique SRL, décide de conserver cette forme” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, rendre ces fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Other provision, “non-existence de compte de capitaux propres statutairement indisponible, euros” (deed in French)
- Director resignation, SEGHIN Vincent Léon André Jacques (manager)
- Director reappointment, SEGHIN Vincent Léon André Jacques (director (not named in the articles))
- Director discharge, SEGHIN Vincent Léon André Jacques
- Registered office clause, “6530 Thuin, rue Jean Doye, 4a” (deed in French)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56078A0295/00L000 | Wallonia | 2,938 m² | 1 · 147 m² | 9.9 m · 3 |