Ducks in a row
ActiveDucks in a row has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-13k. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 39% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency53▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.36 in 2024; short-term debt: 62.8% and cash: 38.3% of total assets), and 71.9% 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.1%
Return on assets
-27.6%
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-13k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d late
2023
7 d early
2022
16 d late
2021
4 d early
2020
9 d early
2019
89 d late
← 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, micro schema
Equity
€14k▼ 49.6%
2024 · €27k
2018: €63k
2019: €69k
2020: €57k
2021: €70k
2022: €52k
2023: €42k
2024: €27k
2018 → 2025
Total assets
€49k▼ 50.9%
2024 · €99k
2018: €160k
2019: €112k
2020: €94k
2021: €147k
2022: €94k
2023: €82k
2024: €99k
2018 → 2025
Net result
€-13k▲ 10.8%
2024 · €-15k
2018: €7k
2019: €5k
2020: €-12k
2021: €13k
2022: €-18k
2023: €-10k
2024: €-15k
2018 → 2025
Working capital
€11k▼ 54.2%
2024 · €24k
2018: €60k
2019: €57k
2020: €48k
2021: €63k
2022: €47k
2023: €38k
2024: €24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€52k▼ 25.3%€42k▼ 19.2%€27k▼ 35.7%€14k▼ 49.6%
Operating result€15k-€-14k€-9k▲ 35.1%€-15k▼ 58.2%€-13k▲ 11.5%
Net result€13k-€-18k€-10k▲ 43.3%€-15k▼ 50.6%€-13k▲ 10.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€7k▼ 25.0%
Current assets
€41k▼ 53.7%
Equity and liabilities €49k
Equity
€14k▼ 49.6%
Debt
€35k▼ 51.4%
The debt ratio falls from 72.7% to 71.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-12k
Cash flow
€-11k▲
2024 · €-13k
Solvency
28.1%▲
2024 · 27.3%
Current ratio
1.36▼
2024 · 1.36
Quick ratio
1.06▼
2024 · 1.25
Debt / equity
2.56▼
2024 · 2.66
ROE
-98.2%▼
2024 · -55.5%
ROA
-27.6%▼
2024 · -15.2%
Interest coverage
-27.05▲
2024 · -37.75
Debt
€35k▼
2024 · €72k
Debt ≤ 1 year
€30k▼
2024 · €66k
Debt > 1 year
€4k▼
2024 · €6k
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€99k€49k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€10k€7k▼
Land and buildings22€10k€7k▼
Current assets29/58€89k€41k▼
Stocks and contracts in progress3€7k€9k▲
Stocks30/36€7k€9k▲
Amounts receivable within one year40/41€64k€12k▼
Trade receivables40€64k€12k▼
Other amounts receivable41€109€109=
Cash at bank and in hand54/58€16k€19k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€99k€49k▼
Equity10/15€27k€14k▼
Contributions10/11€12k€12k=
Reserves13€24k€24k=
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€-9k€-23k▼
Amounts payable17/49€72k€35k▼
Amounts payable after more than one year17€6k€4k▼
Financial debts170/4€6k€4k▼
Amounts payable within one year42/48€66k€30k▼
Current portion of amounts payable after more than one year42€2k€2k▲
Trade debts44€44k€11k▼
Suppliers440/4€44k€11k▼
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€13k€11k▼
Other amounts payable47/48€7k€7k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€552€567▲
Gross operating margin9900€-12k€-10k▲
Operating profit (loss)9901€-15k€-13k▲
Financial income75/76B€35€26▼
Recurring financial income75€35€26▼
Financial charges65/66B€326€392▲
Recurring financial charges65€326€392▲
Profit (loss) for the period before taxes9903€-15k€-13k▲
Profit (loss) for the period9904€-15k€-13k▲
Profit (loss) for the period to be appropriated9905€-15k€-13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-23k▼
Profit (loss) brought forward from the previous period14P€6k€-9k▼
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Weakest financial yearnet €-18k ▼234%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 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, Schelle · 1 establishment unit since 2011
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.
Peter Benoitplein 22627 SchelleGround area
235 m²
Building footprint
81 m²
Volume, LiDAR
471 m³
Parcel 11038A0355/00K008, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DUCKS IN A ROW
since 20112.204.861.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11038A0355/00K008 | Flanders | 235 m² | 1 · 81 m² | 9.1 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.
Similar companies · same sector, comparable size
SCHAEFER SHOP
BE 0414.944.620
Zaventem · Eq €14k
ORVI
BE 0455.034.027
Beersel · Eq €14k
REBOTEC MEDICAL
BE 0697.660.424
Lanaken · Eq €13k
BELEGGINGSMAATSCHAPPIJ KNOKKE
BE 0453.424.421
Knokke-Heist · Eq €14k
UNITING BRANDS
BE 0654.913.712
Bocholt · Eq €15k
Of 1,170 companies in sector 46499 we hold annual accounts for 743. 244 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2011
Fiscal year end31-12
Activities, NACEBEL
46499Wholesale of other household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.