Cru Masters
ActiveCru Masters has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4k and a net result of €-2k. Equity is shrinking by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 2091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency57▼-8
Growth32=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.43 against 1.52 in 2023), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
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 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 2024Solvency, return and age of the figures
Solvency
30%
Return on assets
-14.5%
Age of the figures
20 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 32.6%
2023 · €6k
2018: €37k
2019: €31k
2020: €21k
2021: €12k
2022: €4k
2023: €6k
2018 → 2024
Total assets
€13k▼ 23.7%
2023 · €18k
2018: €54k
2019: €44k
2020: €38k
2021: €23k
2022: €15k
2023: €18k
2018 → 2024
Net result
€-2k
2023 · €2k
2018: €8k
2019: €-7k
2020: €-10k
2021: €-8k
2022: €-8k
2023: €2k
2018 → 2024
Working capital
€4k▼ 32.6%
2023 · €6k
2018: €36k
2019: €9k
2020: €5k
2021: €2k
2022: €-2k
2023: €6k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€12k▼ 41.1%€4k▼ 69.4%€6k▲ 60.6%€4k▼ 32.6%
Operating result€-10k-€-8k▲ 14.8%€-8k▲ 1.7%€3k€-2k
Net result€-10k-€-8k▲ 15.2%€-8k▲ 0.8%€2k€-2k
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 €2k after €3k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €13k
Equity
€4k▼ 32.6%
Debt
€9k▼ 19.1%
The debt ratio rises from 66.0% to 70.0%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
30.0%▼
2023 · 34.0%
Current ratio
1.43▼
2023 · 1.52
Quick ratio
1.43▼
2023 · 1.49
Debt / equity
2.33▲
2023 · 1.94
ROE
-48.3%▼
2023 · 37.7%
ROA
-14.5%▼
2023 · 12.8%
Debt
€9k▼
2023 · €12k
Debt ≤ 1 year
€9k▼
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€18k€13k▼
Current assets29/58€18k€13k▼
Stocks and contracts in progress3€302-
Stocks30/36€302-
Amounts receivable within one year40/41€1k€2k▲
Trade receivables40€989€2k▲
Other amounts receivable41€229€575▲
Cash at bank and in hand54/58€16k€11k▼
Equity and liabilities
Total equity and liabilities10/49€18k€13k▼
Equity10/15€6k€4k▼
Contributions10/11€19k€19k=
Reserves13€35k€35k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-48k€-50k▼
Amounts payable17/49€12k€9k▼
Amounts payable within one year42/48€12k€9k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€3k€259▼
Taxes450/3€3k€259▼
Other amounts payable47/48€7k€7k▲
Income statement
Code20232024
Non-recurring operating income76A€8k€750▼
Other operating charges640/8€799€623▼
Gross operating margin9900€3k€-1k▼
Operating profit (loss)9901€3k€-2k▼
Financial charges65/66B€60€66▲
Recurring financial charges65€60€66▲
Profit (loss) for the period before taxes9903€3k€-2k▼
Income taxes67/77€259-
Profit (loss) for the period9904€2k€-2k▼
Profit (loss) for the period to be appropriated9905€2k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-50k▼
Profit (loss) brought forward from the previous period14P€-50k€-48k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 4 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 30 days late
2019
15-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 76 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
06-07
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.
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, Lochristi · 1 establishment unit since 1992
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.
Bosdreef 739080 LochristiGround area
2.3 ha
Building footprint
1.7 ha
Volume, LiDAR
69,031 m³
2 parcels, Flanders · tallest building 23.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cru Master
since 19922.057.453.142
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2735/00X002 | Flanders | 2.2 ha | 1 · 1.6 ha | 23.8 m |
| 44034C0253/00F000 | Flanders | 793 m² | 1 · 156 m² | 8.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.057.453.142
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Of 63 companies in sector 10730 we hold annual accounts for 39. 17 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-1992
Fiscal year end31-12
Activities, NACEBEL
10730Manufacture of food products
Sources
Crossroads Bank for EnterprisesNational Bank · 32 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.