Crusta Properties
ActiveSummary
Crusta Properties has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-74k) and a net result of €-9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+19
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.07 in 2024; short-term debt: 49.8% and cash: 2.6% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-31%
Return on assets
-3.7%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-74k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
15 d early
2023
56 d early
2022
54 d early
2021
57 d early
2020
11 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-74k▼ 13.5%
2024 · €-65k
2018: €990
2019: €-3k
2020: €-5k
2021: €7k
2022: €-10k
2023: €-12k
2024: €-65k
2018 → 2025
Total assets
€238k▲ 2.0%
2024 · €233k
2018: €22k
2019: €13k
2020: €5k
2021: €7k
2022: €131k
2023: €124k
2024: €233k
2018 → 2025
Net result
€-9k▲ 83.4%
2024 · €-53k
2018: €3k
2019: €-3k
2020: €-2k
2021: €-1k
2022: €-16k
2023: €-3k
2024: €-53k
2018 → 2025
Working capital
€-108k▲ 10.9%
2024 · €-121k
2018: €-1k
2019: €-6k
2020: €-6k
2022: €-37k
2023: €-41k
2024: €-121k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€-10k€-12k▼ 29.0%€-65k▼ 425%€-74k▼ 13.5%
Operating result€-902-€-15k▼ 1,586%€1k€-47k€3k
Net result€-1k-€-16k▼ 1,373%€-3k▲ 82.9%€-53k▼ 1,792%€-9k▲ 83.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €47k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €238k
Fixed assets
€228k ▲ 1.5%
Current assets
€10k ▲ 16.7%
Key figures and ratios
EBITDA
€6k▲
2024 · €-44k
Cash flow
€-5k▲
2024 · €-49k
Solvency
-31.0%▼
2024 · -27.8%
Current ratio
0.09▲
2024 · 0.07
Debt to equity
-4.23▲
2024 · -4.59
ROA
-3.7%▲
2024 · -22.5%
Interest coverage
0.55▲
2024 · -7.78
Debt
€311k▲
2024 · €298k
Debt ≤ 1 year
€119k▼
2024 · €130k
Debt > 1 year
€189k▲
2024 · €164k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€233k€238k▲
Fixed assets21/28€224k€228k▲
Tangible fixed assets22/27€224k€228k▲
Land and buildings22€224k€228k▲
Current assets29/58€9k€10k▲
Amounts receivable within one year40/41€6k€4k▼
Trade receivables40€6k€3k▼
Other amounts receivable41€403€897▲
Cash at bank and in hand54/58€903€6k▲
Deferred charges and accrued income490/1€1k€165▼
Equity and liabilities
Total equity and liabilities10/49€233k€238k▲
Equity10/15€-65k€-74k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-83k€-92k▼
Amounts payable17/49€298k€311k▲
Amounts payable after more than one year17€164k€189k▲
Financial debts170/4€164k€189k▲
Amounts payable within one year42/48€130k€119k▼
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€29k€6k▼
Suppliers440/4€29k€6k▼
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€93k€101k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€1k€739▼
Non-recurring operating charges66A€14k-
Gross operating margin9900€-29k€7k▲
Operating profit (loss)9901€-47k€3k▲
Financial income75/76B€194€12▼
Recurring financial income75€194€12▼
Financial charges65/66B€6k€11k▲
Recurring financial charges65€6k€11k▲
Profit (loss) for the period before taxes9903€-53k€-9k▲
Profit (loss) for the period9904€-53k€-9k▲
Profit (loss) for the period to be appropriated9905€-53k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-92k▼
Profit (loss) brought forward from the previous period14P€-31k€-83k▼
The notes to these accounts (14 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-53k
Net result drops to €-53k, the lowest in the series; recovery starts the following year.
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
24-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Gent · 1 establishment unit since 2017
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.
Waterlelielaan 19032 GentGround area
5,728 m²
Building footprint
268 m²
Parcel 44074C0050/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
FREDRIK HACKLIN
since 20172.262.408.895
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0050/00H000 | Flanders | 5,728 m² | 1 · 268 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2017
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.