D EN D BULKMANS
ActiveD EN D BULKMANS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.11M and a net result of €75k. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▲+54
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
short-term debt: 0.1% and cash: 4.7% of total assets, and 5.2% 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+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.8%
Return on assets
3.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
37 d early
2022
80 d early
2021
54 d early
2020
29 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€2.11M▲ 3.7%
2023 · €2.04M
2018: €1.61M
2019: €1.59M
2020: €1.58M
2021: €1.53M
2022: €2.02M
2023: €2.04M
2018 → 2024
Total assets
€2.23M▲ 4.5%
2023 · €2.13M
2018: €1.62M
2019: €1.66M
2020: €1.64M
2021: €1.63M
2022: €2.07M
2023: €2.13M
2018 → 2024
Net result
€75k▲ 548%
2023 · €12k
2018: €-11k
2019: €-25k
2020: €-12k
2021: €-43k
2022: €492k
2023: €12k
2018 → 2024
Working capital
€2.15M▲ 1.7%
2023 · €2.11M
2018: €1.23M
2019: €1.28M
2020: €1.32M
2021: €1.34M
2022: €2.07M
2023: €2.11M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.58M-€1.53M▼ 2.7%€2.02M▲ 32.1%€2.04M▲ 0.6%€2.11M▲ 3.7%
Operating result€-24k-€-49k▼ 104%€601k€-16k€3k
Net result€-12k-€-43k▼ 254%€492k€12k▼ 97.6%€75k▲ 548%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €16k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.23M
Fixed assets
€78k▲ 950%
Current assets
€2.15M▲ 1.2%
Equity and liabilities €2.23M
Equity
€2.11M▲ 3.7%
Debt
€117k▲ 22.6%
The debt ratio rises from 4.5% to 5.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▲
2023 · €-14k
Cash flow
€78k▲
2023 · €13k
Solvency
94.8%▼
2023 · 95.5%
Debt / equity
0.06▲
2023 · 0.05
ROE
3.6%▲
2023 · 0.6%
ROA
3.4%▲
2023 · 0.5%
Interest coverage
99.56▲
2023 · -126.53
Debt
€117k▲
2023 · €95k
Debt ≤ 1 year
€2k▼
2023 · €11k
Income taxes
€3k▼
2023 · €5k
A ratio outside any meaningful range has been withheld (balance sheet total €2.23M, equity €2.11M).
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€2.13M€2.23M▲
Fixed assets21/28€7k€78k▲
Tangible fixed assets22/27€7k€78k▲
Plant, machinery and equipment23€313-
Furniture and vehicles24€7k€78k▲
Current assets29/58€2.12M€2.15M▲
Stocks and contracts in progress3€14k€13k▼
Stocks30/36€14k€13k▼
Amounts receivable within one year40/41€1.59M€1.59M▼
Other amounts receivable41€1.59M€1.59M▼
Current investments50/53€343k€430k▲
Cash at bank and in hand54/58€168k€105k▼
Deferred charges and accrued income490/1€6k€12k▲
Equity and liabilities
Total equity and liabilities10/49€2.13M€2.23M▲
Equity10/15€2.04M€2.11M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.97M€2.05M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.97M€2.04M▲
Amounts payable17/49€95k€117k▲
Amounts payable within one year42/48€11k€2k▼
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€4k€36▼
Taxes450/3€4k€36▼
Other amounts payable47/48€20-
Accrued charges and deferred income492/3€84k€115k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-25k-
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-37k€7k▲
Operating profit (loss)9901€-16k€3k▲
Financial income75/76B€32k€75k▲
Recurring financial income75€32k€75k▲
Financial charges65/66B€114€53▼
Recurring financial charges65€114€53▼
Profit (loss) for the period before taxes9903€16k€78k▲
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€12k€75k▲
Profit (loss) for the period to be appropriated9905€12k€75k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€75k▲
Transfer to equity691/2€12k€75k▲
To other reserves6921€12k€75k▲
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
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 5current ratio 976.29
Current ratio from 188.59 to 976.29; short-term debt falls from €11k to €2k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €492k
Net result €492k after 4 loss-making years.
31-12
Financial
Liquidity times 6current ratio 2266.85
Current ratio from 353.33 to 2266.85; short-term debt falls from €4k to €915.
31-12
Financial
Equity above €2MEq €2.02M ▲32.1%
Equity rises from €1.53M to €2.02M.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 5current ratio 411.21
Current ratio from 81.52 to 411.21; short-term debt falls from €16k to €3k.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
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
6 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, Antwerpen · 1 establishment unit since 1994
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.
Oudestraat 1182610 AntwerpenGround area
355 m²
Building footprint
101 m²
Volume, LiDAR
547 m³
Parcel 11463D0342/00W000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
02
since 19942.069.028.905
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0342/00W000 | Flanders | 354 m² | 1 · 101 m² | 7.0 m · 2 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.
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EM FINANCE
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Of 732 companies in sector 46820 we hold annual accounts for 387. 281 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-11-1994
Fiscal year end31-12
Activities, NACEBEL
46820Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.