Cruzin
ActiveCruzin has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €-4k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 10289 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▲+6
Solvency96▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 2.79 in 2024; short-term debt: 28.8% and cash: 25.2% of total assets), and 28.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
71.2%
Return on assets
-10.4%
Age of the figures
15 mo
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
19202122232425
2019 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-03-2026, 38 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
38 d late
2024
24 d late
2023
27 d late
2022
on the day
2021
18 d late
2020
26 d late
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€26k▼ 12.8%
2024 · €29k
2019: €22k
2020: €10k
2021: €13k
2022: €2k
2023: €38k
2024: €29k
2019 → 2025
Total assets
€36k▼ 15.0%
2024 · €42k
2019: €37k
2020: €32k
2021: €43k
2022: €34k
2023: €45k
2024: €42k
2019 → 2025
Net result
€-4k▲ 57.4%
2024 · €-9k
2019: €-3k
2020: €-12k
2021: €3k
2022: €-10k
2023: €36k
2024: €-9k
2019 → 2025
Working capital
€18k▼ 23.6%
2024 · €23k
2019: €18k
2020: €7k
2021: €10k
2022: €2k
2023: €32k
2024: €23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€2k▼ 81.2%€38k▲ 1,524%€29k▼ 23.1%€26k▼ 12.8%
Operating result€3k-€-10k€39k€-9k€-4k▲ 58.1%
Net result€3k-€-10k€36k€-9k€-4k▲ 57.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€8k▲ 27.9%
Current assets
€28k▼ 22.3%
Equity and liabilities €36k
Equity
€26k▼ 12.8%
Debt
€10k▼ 20.1%
The debt ratio falls from 30.6% to 28.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-7k
Cash flow
€-2k▲
2024 · €-7k
Solvency
71.2%▲
2024 · 69.4%
Current ratio
2.71▼
2024 · 2.79
Quick ratio
2.71▼
2024 · 2.79
Debt / equity
0.40▼
2024 · 0.44
ROE
-14.7%▲
2024 · -30.0%
ROA
-10.4%▲
2024 · -20.8%
Interest coverage
-36.46▲
2024 · -126.60
Debt
€10k▼
2024 · €13k
Debt ≤ 1 year
€10k▼
2024 · €13k
Income taxes
€10
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€42k€36k▼
Fixed assets21/28€6k€8k▲
Tangible fixed assets22/27€6k€8k▲
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€4k€3k▼
Current assets29/58€36k€28k▼
Amounts receivable within one year40/41€25k€13k▼
Trade receivables40€17k€8k▼
Other amounts receivable41€8k€5k▼
Current investments50/53€10k€6k▼
Cash at bank and in hand54/58€2k€9k▲
Equity and liabilities
Total equity and liabilities10/49€42k€36k▼
Equity10/15€29k€26k▼
Contributions10/11€6k€6k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-9k€-13k▼
Amounts payable17/49€13k€10k▼
Amounts payable within one year42/48€13k€10k▼
Financial debts43€2k€2k▼
Credit institutions430/8€2k€2k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€626€511▼
Gross operating margin9900€-7k€-1k▲
Operating profit (loss)9901€-9k€-4k▲
Financial income75/76B€63-
Recurring financial income75€63-
Financial charges65/66B€57€45▼
Recurring financial charges65€57€45▼
Profit (loss) for the period before taxes9903€-9k€-4k▲
Income taxes67/77-€10
Profit (loss) for the period9904€-9k€-4k▲
Profit (loss) for the period to be appropriated9905€-9k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-13k▼
Profit (loss) brought forward from the previous period14P-€-9k
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
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 38 days late
2025
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 24 days late
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
30-06
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
30-06
Financial
Liquidity times 5current ratio 5.70
Current ratio from 1.07 to 5.70; short-term debt falls from €32k to €7k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 18 days late
2021
30-06
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
14-02
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
2 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, Herent · 1 establishment unit since 2012
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.
Den Bremt 693020 HerentGround area
5,344 m²
Building footprint
850 m²
Volume, LiDAR
9,813 m³
2 parcels, Flanders · tallest building 20.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kassa 3
since 20122.211.682.746
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505I0036/00S000 | Flanders | 4,650 m² | 1 · 691 m² | 20.7 m · 5 fl. |
| 24423H0127/00Y000 | Flanders | 694 m² | 1 · 160 m² | 6.5 m · 1 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.
Similar companies · same sector, comparable size
LAWDO
BE 0678.584.482
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IBZE
BE 0804.425.948
Hasselt · Eq €26k
Huis Ariane
BE 0808.906.160
Tongeren-Borgloon · Eq €26k
SMETS CONCEPT STORE BRUSSELS
BE 0806.499.372
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First for You
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Of 2,212 companies in sector 47711 we hold annual accounts for 890. 647 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2012
Fiscal year end30-06
Activities, NACEBEL
47711Retail sale of women's outerwear
46425Wholesale trade
47712Retail trade
47721Retail sale of footwear
59120Post-production of films, video and television programmes
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 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.