CRUTSERVELD
ActiveCRUTSERVELD has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431k and a net result of €-118k. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-5
Solvency50▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.25 in 2024; short-term debt: 45.2% and cash: 0.1% of total assets), and 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-118k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
23 d early
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-118k▼ 77.3%
2024 · €-67k
2018: €27k
2019: €25k
2020: €-36k
2021: €121k
2022: €-37k
2023: €-71k
2024: €-67k
2018 → 2025
Working capital
€94k▼ 61.0%
2024 · €241k
2018: €765k
2019: €790k
2020: €-10k
2021: €-29k
2022: €-43k
2023: €-90k
2024: €241k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€724k-€687k▼ 5.2%€616k▼ 10.4%€549k▼ 10.8%€431k▼ 21.5%
Operating result€168k-€-36k€-70k▼ 93.2%€-49k▲ 30.3%€-106k▼ 115%
Net result€121k-€-37k€-71k▼ 90.5%€-67k▲ 6.7%€-118k▼ 77.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €106k in 2025 against €49k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€841k▼ 3.8%
Current assets
€867k▼ 27.5%
Equity and liabilities €1.71M
Equity
€431k▼ 21.5%
Provisions
€188k▼ 3.3%
Debt
€1.09M▼ 17.9%
The debt ratio falls from 64.1% to 63.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-73k▼
2024 · €-16k
Cash flow
€-85k▼
2024 · €-34k
Solvency
25.2%▼
2024 · 26.5%
Current ratio
1.12▼
2024 · 1.25
Quick ratio
1.12▼
2024 · 1.25
Debt / equity
2.53▲
2024 · 2.41
ROE
-27.4%▼
2024 · -12.1%
ROA
-6.9%▼
2024 · -3.2%
Interest coverage
-3.91▼
2024 · -0.67
Debt
€1.09M▼
2024 · €1.33M
Debt ≤ 1 year
€773k▼
2024 · €954k
Debt > 1 year
€316k▼
2024 · €372k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.07M€1.71M▼
Fixed assets21/28€874k€841k▼
Tangible fixed assets22/27€864k€831k▼
Land and buildings22€864k€831k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.20M€867k▼
Amounts receivable after more than one year29€8k-
Trade receivables290€8k-
Amounts receivable within one year40/41€1.18M€866k▼
Trade receivables40€10k€10k=
Other amounts receivable41€1.17M€856k▼
Cash at bank and in hand54/58€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.07M€1.71M▼
Equity10/15€549k€431k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€597k€582k▼
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Tax-exempt reserves132€580k€564k▼
Profit (loss) carried forward14€-110k€-212k▼
Provisions and deferred taxes16€195k€188k▼
Deferred taxes168€195k€188k▼
Amounts payable17/49€1.33M€1.09M▼
Amounts payable after more than one year17€372k€316k▼
Financial debts170/4€372k€316k▼
Amounts payable within one year42/48€954k€773k▼
Current portion of amounts payable after more than one year42€54k€54k=
Trade debts44-€3k
Suppliers440/4-€3k
Other amounts payable47/48€900k€715k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k=
Other operating charges640/8€22k€22k▲
Gross operating margin9900€6k€-50k▼
Operating profit (loss)9901€-49k€-106k▼
Financial income75/76B€478-
Recurring financial income75€478-
Financial charges65/66B€24k€19k▼
Recurring financial charges65€24k€19k▼
Profit (loss) for the period before taxes9903€-73k€-124k▼
Transfer from deferred taxes780€6k€6k=
Profit (loss) for the period9904€-67k€-118k▼
Transfer from tax-exempt reserves789€16k€16k=
Profit (loss) for the period to be appropriated9905€-51k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-212k▼
Profit (loss) brought forward from the previous period14P€-59k€-110k▼
The notes to these accounts (7 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-118k
Net result drops to €-118k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €121k
Net result €121k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hasselt · 1 establishment unit since 1988
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.
Hendrik van Veldekesingel 1483500 HasseltGround area
4,137 m²
Building footprint
2,334 m²
Volume, LiDAR
18,827 m³
2 parcels, Flanders · tallest building 27.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Crutserveld
since 19882.037.511.328
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00F003 | Flanders | 3,677 m² | 1 · 1,997 m² | 23.9 m · 2 fl. |
| 71022H0521/00S000 | Flanders | 460 m² | 1 · 337 m² | 27.9 m · 9 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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-03-1988
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.