CUT THE CRAP
ActiveCUT THE CRAP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €315k and a net result of €44k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 1505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-10
Solvency80▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 4.71 in 2024; short-term debt: 33.2% and cash: 43.6% of total assets), and 44.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.2%
Return on assets
7.8%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d late
2023
1 d early
2022
3 d early
2021
31 d early
2020
1 d early
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, micro schema
Equity
€315k▼ 38.3%
2024 · €511k
2018: €58k
2019: €119k
2020: €181k
2021: €357k
2022: €398k
2023: €485k
2024: €511k
2018 → 2025
Total assets
€571k▼ 11.0%
2024 · €642k
2018: €174k
2019: €271k
2020: €334k
2021: €457k
2022: €542k
2023: €567k
2024: €642k
2018 → 2025
Net result
€44k▼ 54.5%
2024 · €98k
2018: €6k
2019: €61k
2020: €61k
2021: €177k
2022: €67k
2023: €89k
2024: €98k
2018 → 2025
Working capital
€237k▼ 46.9%
2024 · €447k
2018: €34k
2019: €63k
2020: €162k
2021: €309k
2022: €268k
2023: €380k
2024: €447k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€357k-€398k▲ 11.5%€485k▲ 21.9%€511k▲ 5.5%€315k▼ 38.3%
Operating result€263k-€107k▼ 59.3%€139k▲ 29.8%€160k▲ 15.2%€103k▼ 35.3%
Net result€177k-€67k▼ 62.0%€89k▲ 31.4%€98k▲ 10.1%€44k▼ 54.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €571k
Fixed assets
€144k▲ 93.3%
Current assets
€427k▼ 24.8%
Equity and liabilities €571k
Equity
€315k▼ 38.3%
Debt
€256k▲ 96.0%
The debt ratio rises from 20.3% to 44.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€128k▼
2024 · €176k
Cash flow
€69k▼
2024 · €114k
Solvency
55.2%▼
2024 · 79.7%
Current ratio
2.25▼
2024 · 4.71
Quick ratio
2.25▼
2024 · 4.71
Debt / equity
0.81▲
2024 · 0.26
ROE
14.1%▼
2024 · 19.1%
ROA
7.8%▼
2024 · 15.2%
Interest coverage
8.69▼
2024 · 13.67
Debt
€256k▲
2024 · €130k
Debt ≤ 1 year
€190k▲
2024 · €120k
Debt > 1 year
€64k▲
2024 · €10k
Income taxes
€50k▼
2024 · €57k
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€642k€571k▼
Fixed assets21/28€75k€144k▲
Tangible fixed assets22/27€75k€144k▲
Plant, machinery and equipment23€46k€46k▲
Furniture and vehicles24€12k€84k▲
Other tangible fixed assets26€16k€14k▼
Current assets29/58€567k€427k▼
Amounts receivable after more than one year29€35k-
Other amounts receivable291€35k-
Amounts receivable within one year40/41€17k€16k▼
Trade receivables40€17k€16k▼
Other amounts receivable41€14€183▲
Current investments50/53€162k€155k▼
Cash at bank and in hand54/58€348k€249k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€642k€571k▼
Equity10/15€511k€315k▼
Contributions10/11€12k€12k=
Reserves13€499k€303k▼
Distributable reserves133€499k€303k▼
Amounts payable17/49€130k€256k▲
Amounts payable after more than one year17€10k€64k▲
Financial debts170/4€10k€64k▲
Amounts payable within one year42/48€120k€190k▲
Current portion of amounts payable after more than one year42€9k€29k▲
Financial debts43€21k€13k▼
Credit institutions430/8€21k€13k▼
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Advances received on contracts in progress46€9k€9k=
Taxes, remuneration and social security45€42k€38k▼
Taxes450/3€42k€38k▼
Other amounts payable47/48€30k€98k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€6k€8k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€25k▲
Other operating charges640/8€5k€4k▼
Non-recurring operating charges66A€2k€32k▲
Gross operating margin9900€183k€164k▼
Operating profit (loss)9901€160k€103k▼
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€13k€15k▲
Recurring financial charges65€13k€15k▲
Profit (loss) for the period before taxes9903€155k€95k▼
Income taxes67/77€57k€50k▼
Profit (loss) for the period9904€98k€44k▼
Profit (loss) for the period to be appropriated9905€98k€44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€44k▼
Transfer from equity791/2€71k€240k▲
Transfer to equity691/2€98k€44k▼
To other reserves6921€98k€44k▼
Profit to be distributed694/7€71k€240k▲
Return on contributions (dividend)694€71k€240k▲
The notes to these accounts (6 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Equity above €500kEq €511k ▲5.5%
7 profitable years in a row build equity to €511k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 6.93
Current ratio from 2.86 to 6.93; short-term debt falls from €144k to €64k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €177k ▲189%
Operating result €263k, net result €177k, both a record.
31-12
Financial
Equity above €200kEq €357k ▲97.2%
4 profitable years in a row build equity to €357k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €181k ▲51.4%
3 profitable years in a row build equity to €181k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €119k ▲106%
2 profitable years in a row build equity to €119k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Berlaar · 1 establishment unit since 2003
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.
Doelstraat 312590 BerlaarGround area
1,383 m²
Building footprint
171 m²
Volume, LiDAR
1,367 m³
Parcel 12002D0204/00E000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CUT THE CRAP
since 20032.136.027.397
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12002D0204/00E000 | Flanders | 1,383 m² | 1 · 171 m² | 10.0 m · 3 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400LGK3P5HG69WZ94
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Of 484 companies in sector 59112 we hold annual accounts for 247. 166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2003
Fiscal year end31-12
Activities, NACEBEL
59112Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 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.