De Biest
ActiveDe Biest has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.94M and a net result of €5.77M. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-1
Solvency79▼-17
Growth57▲+2
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.4M at 30 days acceptable
Liquidity ample (current ratio 2.17 against 3.73 in 2024; short-term debt: 45.8% and cash: 14.6% of total assets), and 46.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 01
Relative position
BE, all sectors
reference
Sector 01
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
53.6%
Return on assets
17.2%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
4 d early
2023
19 d early
2022
18 d late
2021
16 d early
2020
12 d early
2019
45 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€47.96M▲ 5.6%
2024 · €45.41M
2019: €66.26M
2020: €46.18M
2021: €40.68M
2022: €47.20M
2023: €51.38M
2024: €45.41M
2019 → 2025
EBIT margin
15.6%▲ 1.3pp
2024 · 14.3%
2019: 2.6%
2020: 3.7%
2021: 1.8%
2022: 6.2%
2023: 6.0%
2024: 14.3%
2019 → 2025
Net result
€5.77M▲ 11.8%
2024 · €5.16M
2019: €984k
2020: €1.08M
2021: €488k
2022: €2.25M
2023: €2.50M
2024: €5.16M
2019 → 2025
Working capital
€17.98M▼ 0.8%
2024 · €18.13M
2019: €5.03M
2020: €6.51M
2021: €7.13M
2022: €9.60M
2023: €12.42M
2024: €18.13M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€40.68M-€47.20M▲ 16.0%€51.38M▲ 8.8%€45.41M▼ 11.6%€47.96M▲ 5.6%
Equity€7.96M-€10.21M▲ 28.2%€12.71M▲ 24.5%€17.87M▲ 40.6%€17.94M▲ 0.4%
Operating result€721k-€2.92M▲ 305%€3.08M▲ 5.4%€6.50M▲ 111%€7.48M▲ 15.1%
Net result€488k-€2.25M▲ 360%€2.50M▲ 11.4%€5.16M▲ 106%€5.77M▲ 11.8%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33.47M
Fixed assets
€177k▼ 40.2%
Current assets
€33.30M▲ 34.4%
Equity and liabilities €33.47M
Equity
€17.94M▲ 0.4%
Debt
€15.54M▲ 116%
The debt ratio rises from 28.7% to 46.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7.52M▲
2024 · €6.75M
Cash flow
€5.81M▲
2024 · €5.41M
Solvency
53.6%▼
2024 · 71.3%
Current ratio
2.17▼
2024 · 3.73
Quick ratio
2.13▼
2024 · 3.62
Debt / equity
0.87▲
2024 · 0.40
ROE
32.2%▲
2024 · 28.9%
ROA
17.2%▼
2024 · 20.6%
Interest coverage
857.68▲
2024 · 548.31
Debt
€15.54M▲
2024 · €7.21M
Debt ≤ 1 year
€15.32M▲
2024 · €6.65M
Debt > 1 year
€219k▼
2024 · €441k
Income taxes
€1.96M▲
2024 · €1.72M
Staff costs
€506k▼
2024 · €646k
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€25.07M€33.47M▲
Fixed assets21/28€295k€177k▼
Tangible fixed assets22/27€220k€176k▼
Land and buildings22€130k€118k▼
Plant, machinery and equipment23€39k€24k▼
Furniture and vehicles24€51k€34k▼
Financial fixed assets28€75k€305▼
Other financial fixed assets284/8€75k€305▼
Shares284€75k€0▼
Amounts receivable and cash guarantees285/8€305€305=
Current assets29/58€24.78M€33.30M▲
Amounts receivable after more than one year29€43k€74k▲
Trade receivables290€43k€74k▲
Stocks and contracts in progress3€688k€669k▼
Stocks30/36€688k€669k▼
Raw materials and consumables30/31€18k€15k▼
Work in progress32€670k€654k▼
Amounts receivable within one year40/41€8.03M€14.25M▲
Trade receivables40€5.61M€7.41M▲
Other amounts receivable41€2.42M€6.84M▲
Current investments50/53€11.00M€13.30M▲
Other investments51/53€11.00M€13.30M▲
Cash at bank and in hand54/58€4.94M€4.88M▼
Deferred charges and accrued income490/1€74k€122k▲
Equity and liabilities
Total equity and liabilities10/49€25.07M€33.47M▲
Equity10/15€17.87M€17.94M▲
Contributions10/11€175k€175k=
Capital10€175k€175k=
Issued capital100€175k€175k=
Reserves13€17.69M€17.72M▲
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Distributable reserves133€17.68M€17.70M▲
Profit (loss) carried forward14€0€44k▲
Amounts payable17/49€7.21M€15.54M▲
Amounts payable after more than one year17€441k€219k▼
Financial debts170/4€428k€206k▼
Credit institutions173€428k€206k▼
Other amounts payable178/9€13k€13k=
Amounts payable within one year42/48€6.65M€15.32M▲
Current portion of amounts payable after more than one year42€218k€222k▲
Trade debts44€5.39M€8.54M▲
Suppliers440/4€5.39M€8.54M▲
Taxes, remuneration and social security45€498k€395k▼
Taxes450/3€447k€356k▼
Remuneration and social security454/9€51k€39k▼
Other amounts payable47/48€538k€6.16M▲
Accrued charges and deferred income492/3€119k€4k▼
Income statement
Code20242025
Operating income70/76A€46.73M€48.50M▲
Turnover70€45.41M€47.96M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-166k€-16k▲
Other operating income74€523k€557k▲
Non-recurring operating income76A€965k€0▼
Operating charges60/66A€40.23M€41.02M▲
Goods for resale, raw materials and consumables60€29.61M€30.13M▲
Purchases600/8€29.60M€30.13M▲
Change in stocks: decrease (increase)609€13k€3k▼
Services and other goods61€9.67M€10.32M▲
Remuneration, social security and pensions62€646k€506k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€44k▼
Other operating charges640/8€60k€21k▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€6.50M€7.48M▲
Financial income75/76B€403k€270k▼
Recurring financial income75€403k€270k▼
Income from financial fixed assets750-€750
Income from current assets751€403k€264k▼
Other financial income752/9€2€5k▲
Financial charges65/66B€26k€21k▼
Recurring financial charges65€26k€21k▼
Debt charges650€12k€9k▼
Other financial charges652/9€13k€13k▼
Profit (loss) for the period before taxes9903€6.88M€7.73M▲
Income taxes67/77€1.72M€1.96M▲
Taxes670/3€1.72M€1.96M▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€5.16M€5.77M▲
Profit (loss) for the period to be appropriated9905€5.16M€5.77M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.18M€5.77M▲
Profit (loss) brought forward from the previous period14P€15k€0▼
Transfer to equity691/2€5.18M€25k▼
To other reserves6921€5.18M€25k▼
Profit to be distributed694/7-€5.70M
Return on contributions (dividend)694-€5.70M
Social balance
Average headcount (FTE)908710.06.5▼
The notes to these accounts (70 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2019net €5.77M ▲11.8%
Operating result €7.48M, net result €5.77M, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
31-12
Financial
Equity above €10MEq €10.21M ▲28.2%
4 profitable years in a row build equity to €10.21M.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €488k ▼54.7%
Net result drops to €488k, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Kruisem · 5 establishment units since 1977
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.
Waregemsesteenweg(KRU) 1869770 KruisemGround area
2.1 ha
Building footprint
4,656 m²
Volume, LiDAR
20,868 m³
5 parcels, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
5 establishment units
De Biest
since 19772.220.553.791
Waregemsesteenweg(KRU) 186, 9770 Kruisem
since 19772.013.624.780
Wageweg 3, 9880 Aalter
since 20122.213.525.845
De Biest
since 20132.220.550.229
Kleine Zwevezelestraat 2, 8810 Lichtervelde
since 20142.235.002.536
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36011B0970/00F000 | Flanders | 7,742 m² | 1 · 156 m² | - |
| 44050B1018/00B000 | Flanders | 5,349 m² | 1 · 133 m² | 8.6 m · 1 fl. |
| 45017C0551/00V000 | Flanders | 4,542 m² | 1 · 2,465 m² | 11.8 m · 2 fl. |
| 45036A0028/00G000 | Flanders | 3,144 m² | 1 · 1,742 m² | 5.7 m · 1 fl. |
| 44503H0967/00E000 | Flanders | 161 m² | 1 · 161 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 503 EUR awarded · 503 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 54 EUR | 54 EUR |
| 2023 | 1 | 130 EUR | 152 EUR |
| 2022 | 1 | 319 EUR | 297 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
5 sitesKruisem2.013.624.780
Aalter2.213.525.845
Kruisem2.220.550.229
Lichtervelde2.235.002.536
Show 1 more sites
Zulte2.220.553.791
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Of 608 companies in sector 01471 we hold annual accounts for 216. 57 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-05-1977
Fiscal year end31-12
Activities, NACEBEL
01471Crop and animal production, hunting and related service activities
46331Wholesale trade
51331
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.