De Molens
ActiveDe Molens has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €2.21M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+63
Solvency26=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.02 in 2023; short-term debt: 97.2% and cash: 4.6% of total assets), and 99.2% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
0.8%
Return on assets
25.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 4809 sector peers (2024).
NBB · sector comparisonPosition among 4809 sector peers
Solvency
better than 18%
← weakest
strongest →
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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
20 d late
2022
73 d early
2021
69 d early
2020
66 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€31.32M
EBIT margin
9.6%
Net result
€2.21M
2023 · €-2k
2020: €-15k
2021: €40k
2022: €408k
2023: €-2k
2020 → 2024
Working capital
€240k▼ 59.4%
2023 · €593k
2020: €47k
2021: €87k
2022: €495k
2023: €593k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€31.32M
Equity€47k-€87k▲ 84.0%€495k▲ 471%€493k▼ 0.3%€69k▼ 86.1%
Operating result€-15k-€57k€754k▲ 1,220%€347k▼ 54.0%€3.00M▲ 764%
Net result€-15k-€40k€408k▲ 930%€-2k€2.21M
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 764% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.70M
Fixed assets
€6k
Current assets
€8.69M
Equity and liabilities €8.70M
Equity
€69k▼ 86.1%
Debt
€8.63M▼ 73.7%
The debt ratio rises from 98.5% to 99.2%. Equity and debt are lower.
Key figures and ratios
Solvency
0.8%▼
2023 · 1.5%
Current ratio
1.03▲
2023 · 1.02
Quick ratio
0.07▼
2023 · 0.09
ROA
25.4%▲
2023 · 0.0%
Debt
€8.63M▼
2023 · €32.83M
Debt ≤ 1 year
€8.45M▼
2023 · €32.73M
Income taxes
€736k▲
2023 · €33
A ratio outside any meaningful range has been withheld (balance sheet total €8.70M, equity €69k).
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€33.32M€8.70M▼
Fixed assets21/28-€6k
Financial fixed assets28-€6k
Other financial fixed assets284/8-€6k
Amounts receivable and cash guarantees285/8-€6k
Current assets29/58€33.32M€8.69M▼
Amounts receivable after more than one year29€2.62M€0▼
Other amounts receivable291€2.62M€0▼
Stocks and contracts in progress3€30.27M€8.11M▼
Stocks30/36€30.27M€8.11M▼
Property held for sale35-€8.11M
Amounts receivable within one year40/41€322k€112k▼
Trade receivables40€322k€2k▼
Other amounts receivable41-€110k
Cash at bank and in hand54/58€111k€404k▲
Deferred charges and accrued income490/1€719€65k▲
Equity and liabilities
Total equity and liabilities10/49€33.32M€8.70M▼
Equity10/15€493k€69k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€424k€0▼
Amounts payable17/49€32.83M€8.63M▼
Amounts payable within one year42/48€32.73M€8.45M▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€3.12M€1.14M▼
Suppliers440/4€3.12M€1.14M▼
Advances received on contracts in progress46€25.09M€0▼
Taxes, remuneration and social security45€181k€0▼
Taxes450/3€181k€0▼
Other amounts payable47/48€4.33M€7.31M▲
Accrued charges and deferred income492/3€100k€178k▲
Income statement
Code20232024
Operating income70/76A-€37.16M
Turnover70-€31.32M
Change in stocks of work in progress, finished goods and contracts in progress71-€5.84M
Other operating income74-€3k
Operating charges60/66A-€34.16M
Goods for resale, raw materials and consumables60-€32.55M
Purchases600/8-€4.55M
Change in stocks: decrease (increase)609-€27.99M
Services and other goods61-€1.58M
Other operating charges640/8€55k€31k▼
Gross operating margin9900€402k-
Operating profit (loss)9901€347k€3.00M▲
Financial income75/76B€24k€179k▲
Recurring financial income75€24k€179k▲
Income from current assets751-€179k
Other financial income752/9-€1
Financial charges65/66B€373k€231k▼
Recurring financial charges65€373k€231k▼
Debt charges650-€229k
Other financial charges652/9-€2k
Profit (loss) for the period before taxes9903€-2k€2.95M▲
Income taxes67/77€33€736k▲
Taxes670/3-€736k
Profit (loss) for the period9904€-2k€2.21M▲
Profit (loss) for the period to be appropriated9905€-2k€2.21M▲
Appropriation of the result
Profit (loss) to be appropriated9906€424k€2.63M▲
Profit (loss) brought forward from the previous period14P€426k€424k▼
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7-€2.63M
Return on contributions (dividend)694-€2.63M
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (21 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 · full schema
2024
31-12
Financial
Back to profitnet €2.21M
Net result €2.21M after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
19-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €495k ▲471%
2 profitable years in a row build equity to €495k.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full 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, Gent · 1 establishment unit since 2020
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.
Onafhankelijkheidslaan 17-189000 GentGround area
668 m²
Building footprint
264 m²
Volume, LiDAR
3,866 m³
Parcel 44808H0085/00P002, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
De Molens
since 20202.301.934.120
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0085/00P002 | Flanders | 668 m² | 1 · 264 m² | 18.6 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-05-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.