De Molenzijdse Heide
ActiveDe Molenzijdse Heide has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.92M and a net result of €713k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+2
Solvency56▼-21
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 3.04 in 2024; short-term debt: 42.6% and cash: 5.6% of total assets), and 69.2% 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
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
30.8%
Return on assets
7.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
64 d early
2023
20 d early
2022
26 d early
2021
30 d early
2020
33 d early
2019
23 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.92M▼ 40.7%
2024 · €4.92M
2018: €3.22M
2019: €3.50M
2020: €1.83M
2021: €2.49M
2022: €3.62M
2023: €4.37M
2024: €4.92M
2018 → 2025
Total assets
€9.46M▲ 0.3%
2024 · €9.43M
2018: €5.97M
2019: €6.30M
2020: €6.68M
2021: €7.82M
2022: €9.08M
2023: €9.61M
2024: €9.43M
2018 → 2025
Net result
€713k▲ 30.4%
2024 · €547k
2018: €283k
2019: €289k
2020: €551k
2021: €661k
2022: €1.14M
2023: €748k
2024: €547k
2018 → 2025
Working capital
€1.45M▼ 58.4%
2024 · €3.48M
2018: €1.52M
2019: €2.38M
2020: €825k
2021: €1.61M
2022: €2.91M
2023: €3.27M
2024: €3.48M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.49M-€3.62M▲ 45.6%€4.37M▲ 20.6%€4.92M▲ 12.5%€2.92M▼ 40.7%
Operating result€720k-€610k▼ 15.3%€1.04M▲ 70.7%€826k▼ 20.7%€1.02M▲ 22.9%
Net result€661k-€1.14M▲ 71.7%€748k▼ 34.2%€547k▼ 26.9%€713k▲ 30.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.46M
Fixed assets
€3.98M▼ 6.2%
Current assets
€5.48M▲ 5.6%
Equity and liabilities €9.46M
Equity
€2.92M▼ 40.7%
Debt
€6.54M▲ 45.0%
The debt ratio rises from 47.8% to 69.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.50M▲
2024 · €1.29M
Cash flow
€1.20M▲
2024 · €1.01M
Solvency
30.8%▼
2024 · 52.2%
Current ratio
1.36▼
2024 · 3.04
Quick ratio
0.94▼
2024 · 1.64
Debt / equity
2.24▲
2024 · 0.92
ROE
24.4%▲
2024 · 11.1%
ROA
7.5%▲
2024 · 5.8%
Interest coverage
16.74▲
2024 · 10.35
Debt
€6.54M▲
2024 · €4.51M
Debt ≤ 1 year
€4.03M▲
2024 · €1.71M
Debt > 1 year
€2.48M▼
2024 · €2.76M
Income taxes
€252k▲
2024 · €189k
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€9.43M€9.46M▲
Fixed assets21/28€4.24M€3.98M▼
Tangible fixed assets22/27€4.24M€3.98M▼
Land and buildings22€3.56M€3.38M▼
Plant, machinery and equipment23€423k€333k▼
Furniture and vehicles24€260k€263k▲
Current assets29/58€5.19M€5.48M▲
Stocks and contracts in progress3€2.39M€1.69M▼
Stocks30/36€2.39M€1.69M▼
Amounts receivable within one year40/41€2.65M€3.24M▲
Trade receivables40€62k€31k▼
Other amounts receivable41€2.59M€3.21M▲
Cash at bank and in hand54/58€133k€531k▲
Deferred charges and accrued income490/1€16k€12k▼
Equity and liabilities
Total equity and liabilities10/49€9.43M€9.46M▲
Equity10/15€4.92M€2.92M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.86M€2.86M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€16k€16k=
Distributable reserves133€4.83M€2.83M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€4.51M€6.54M▲
Amounts payable after more than one year17€2.76M€2.48M▼
Financial debts170/4€2.76M€2.48M▼
Amounts payable within one year42/48€1.71M€4.03M▲
Current portion of amounts payable after more than one year42€336k€280k▼
Financial debts43€184k€195k▲
Credit institutions430/8€184k€195k▲
Trade debts44€380k€284k▼
Suppliers440/4€380k€284k▼
Advances received on contracts in progress46€26k€0▼
Taxes, remuneration and social security45€159k€30k▼
Taxes450/3€157k€25k▼
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€621k€3.24M▲
Accrued charges and deferred income492/3€46k€33k▼
Income statement
Code20242025
Non-recurring operating income76A-€44k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€465k€485k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€143k€146k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.43M€1.65M▲
Operating profit (loss)9901€826k€1.02M▲
Financial income75/76B€79k€84k▲
Recurring financial income75€79k€84k▲
Financial charges65/66B€170k€135k▼
Recurring financial charges65€125k€90k▼
Non-recurring financial charges66B€45k€45k=
Profit (loss) for the period before taxes9903€735k€965k▲
Income taxes67/77€189k€252k▲
Profit (loss) for the period9904€547k€713k▲
Profit (loss) for the period to be appropriated9905€547k€713k▲
Appropriation of the result
Profit (loss) to be appropriated9906€547k€713k▲
Transfer from equity791/2-€2.71M
Transfer to equity691/2€547k€713k▲
To other reserves6921€547k€713k▲
Profit to be distributed694/7-€2.71M
Return on contributions (dividend)694-€2.71M
Social balance
Average headcount (FTE)90870.00.0=
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
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €1.14M ▲71.7%
Net result €1.14M, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.49M ▲35.8%
4 profitable years in a row build equity to €2.49M.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Merksplas · 1 establishment unit since 1987
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.
Veldenbergstraat 972330 MerksplasGround area
2,205 m²
Building footprint
480 m²
Volume, LiDAR
3,803 m³
Parcel 13023G0168/00P000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Veldenbergstraat 97, 2330 Merksplas
since 19872.032.058.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023G0168/00P000 | Flanders | 2,205 m² | 1 · 480 m² | 12.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 49,581 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 49,581 EUR | 0 EUR |
Schemes
Logiessubsidie: steun voor erkend toeristisch logies
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Of 441 companies in sector 55300 we hold annual accounts for 292. 165 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-11-1987
Fiscal year end31-12
Activities, NACEBEL
55220
55300Accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 38 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.