DEBAY ASSURANCES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €686k and a net result of €117k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 3323 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
29 d late
2022
31 d late
2021
11 d early
2020
88 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€686k▲ 20.6%
2023 · €569k
2018: €84k
2019: €134k
2020: €232k
2021: €383k
2022: €1.31M
2023: €569k
2018 → 2024
Net result
€117k▲ 10.7%
2023 · €106k
2018: €156k
2019: €122k
2020: €98k
2021: €151k
2022: €73k
2023: €106k
2018 → 2024
Total assets
€839k▲ 14.4%
2023 · €734k
2018: €341k
2019: €379k
2020: €460k
2021: €609k
2022: €1.50M
2023: €734k
2018 → 2024
Solvency
81.8%▲ 4.2pp
2023 · 77.6%
2018: 24.5%
2019: 35.4%
2020: 50.5%
2021: 62.9%
2022: 87.7%
2023: 77.6%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€232k-€383k▲ 64.9%€1.31M▲ 243%€569k▼ 56.7%€686k▲ 20.6%
Operating result€135k-€204k▲ 50.7%€104k▼ 48.9%€152k▲ 45.5%€168k▲ 11.1%
Net result€98k-€151k▲ 53.4%€73k▼ 51.4%€106k▲ 44.0%€117k▲ 10.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 11% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €839k
Fixed assets
€213k▼ 2.0%
Current assets
€626k▲ 21.3%
Equity and liabilities €839k
Equity
€686k▲ 20.6%
Debt
€153k▼ 7.1%
The debt ratio falls from 22.4% to 18.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
81.8%▲
2023 · 77.6%
ROE
17.1%▼
2023 · 18.6%
ROA
13.9%▼
2023 · 14.4%
Debt
€153k▼
2023 · €165k
Debt ≤ 1 year
€121k▲
2023 · €109k
Debt > 1 year
€32k▼
2023 · €51k
Income taxes
€50k▲
2023 · €44k
Staff costs
€2k▼
2023 · €5k
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€734k€839k▲
Fixed assets21/28€218k€213k▼
Tangible fixed assets22/27€217k€213k▼
Land and buildings22€205k€205k=
Furniture and vehicles24€12k€8k▼
Financial fixed assets28€372€372=
Current assets29/58€516k€626k▲
Amounts receivable within one year40/41€29k€29k=
Other amounts receivable41€29k€29k=
Current investments50/53-€412k
Cash at bank and in hand54/58€469k€167k▼
Deferred charges and accrued income490/1€18k€18k▼
Equity and liabilities
Total equity and liabilities10/49€734k€839k▲
Equity10/15€569k€686k▲
Contributions10/11€45k€45k=
Reserves13€524k€641k▲
Distributable reserves133€524k€641k▲
Amounts payable17/49€165k€153k▼
Amounts payable after more than one year17€51k€32k▼
Financial debts170/4€51k€32k▼
Amounts payable within one year42/48€109k€121k▲
Current portion of amounts payable after more than one year42€19k€33k▲
Trade debts44€33k€33k▼
Suppliers440/4€33k€33k▼
Taxes, remuneration and social security45€7k€11k▲
Taxes450/3€5k€11k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€50k€44k▼
Accrued charges and deferred income492/3€4k€308▼
Income statement
Code20232024
Remuneration, social security and pensions62€5k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€3k-
Gross operating margin9900€168k€179k▲
Operating profit (loss)9901€152k€168k▲
Financial income75/76B€121€2k▲
Recurring financial income75€121€2k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€2k▲
Non-recurring financial charges66B€50€802▲
Profit (loss) for the period before taxes9903€150k€167k▲
Income taxes67/77€44k€50k▲
Profit (loss) for the period9904€106k€117k▲
Profit (loss) for the period to be appropriated9905€106k€117k▲
Appropriation of the result
Profit (loss) to be appropriated9906€106k€117k▲
Transfer to equity691/2€106k€117k▲
To other reserves6921€106k€117k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €73k ▼51.4%
Net result drops to €73k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 11.15
Current ratio from 2.78 to 11.15; short-term debt falls from €137k to €114k.
31-12
Financial
Equity above €1MEq €1.31M ▲243%
5 profitable years in a row build equity to €1.31M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Equity above €200kEq €232k ▲73.4%
3 profitable years in a row build equity to €232k.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Equity above €100kEq €134k ▲60.1%
2 profitable years in a row build equity to €134k.
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 77 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Saint-Ghislain · 2 establishment units 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.
Avenue Louis Goblet(B) 1907331 Saint-GhislainGround area
383 m²
Building footprint
122 m²
Volume, LiDAR
608 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CHRISTIAN DEBAY & CIE SA
since 19872.102.597.140
CHRISTIAN DEBAY ET CIE SA
since 19902.102.597.239
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51004C0481/00A002 | Wallonia | 234 m² | 1 · 53 m² | - |
| 53009A0318/00H002 | Wallonia | 150 m² | 1 · 69 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,682 companies in sector 66220 we hold annual accounts for 3,227. 2,422 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-1987
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
67201
Sources
Crossroads Bank for EnterprisesNational Bank · 37 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.