DURBAN RED
ActiveDURBAN RED has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €161k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+42
Solvency25▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
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 2025Solvency, return and age of the figures
Solvency
0.3%
Return on assets
7.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9114 sector peers (2025).
NBB · sector comparisonPosition among 9114 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
90 d late
2023
90 d late
2022
31 d late
2021
17 d late
2020
31 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6k
2024 · €-155k
2020: €38k
2021: €52k
2022: €-166k
2023: €-100k
2024: €-155k
2020 → 2025
Total assets
€2.04M▼ 7.0%
2024 · €2.19M
2020: €182k
2021: €626k
2022: €860k
2023: €1.38M
2024: €2.19M
2020 → 2025
Net result
€161k
2024 · €-55k
2020: €32k
2021: €15k
2022: €-219k
2023: €66k
2024: €-55k
2020 → 2025
Working capital
€52k
2024 · €-101k
2020: €38k
2021: €67k
2022: €-87k
2023: €-73k
2024: €-101k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€-166k€-100k▲ 39.6%€-155k▼ 54.9%€6k
Operating result€24k-€-213k€115k€-11k€229k
Net result€15k-€-219k€66k€-55k€161k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €229k after a loss of €11k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.04M
Fixed assets
€296k▼ 3.5%
Current assets
€1.74M▼ 7.5%
Equity and liabilities €2.04M
Equity
€6k
Debt
€2.03M
Debt finances 99.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€240k▲
2024 · €277
Cash flow
€172k▲
2024 · €-44k
Solvency
0.3%▲
2024 · -7.1%
Current ratio
1.03▲
2024 · 0.95
Quick ratio
0.14▲
2024 · 0.13
ROA
7.9%▲
2024 · -2.5%
Interest coverage
3.52▲
2024 · 0.01
Debt
€2.03M▼
2024 · €2.34M
Debt ≤ 1 year
€1.69M▼
2024 · €1.98M
Debt > 1 year
€326k=
2024 · €326k
A ratio outside any meaningful range has been withheld (balance sheet total €2.04M, equity €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€2.19M€2.04M▼
Fixed assets21/28€307k€296k▼
Tangible fixed assets22/27€307k€296k▼
Land and buildings22€305k€295k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€0-
Current assets29/58€1.88M€1.74M▼
Amounts receivable after more than one year29€43k€43k=
Other amounts receivable291€43k€43k=
Stocks and contracts in progress3€1.61M€1.51M▼
Contracts in progress37€1.61M€1.51M▼
Amounts receivable within one year40/41€197k€187k▼
Trade receivables40€47k€54k▲
Other amounts receivable41€150k€133k▼
Cash at bank and in hand54/58€12k€6▼
Deferred charges and accrued income490/1€16k-
Equity and liabilities
Total equity and liabilities10/49€2.19M€2.04M▼
Equity10/15€-155k€6k▲
Contributions10/11€6k€6k=
Reserves13€32k€32k=
Distributable reserves133€32k€32k=
Profit (loss) carried forward14€-193k€-32k▲
Amounts payable17/49€2.34M€2.03M▼
Amounts payable after more than one year17€326k€326k=
Financial debts170/4€326k€326k=
Amounts payable within one year42/48€1.98M€1.69M▼
Current portion of amounts payable after more than one year42€19k-
Financial debts43€528k€2k▼
Credit institutions430/8€528k€2k▼
Trade debts44€699k€862k▲
Suppliers440/4€699k€862k▲
Advances received on contracts in progress46€611k€611k=
Taxes, remuneration and social security45€58k-
Taxes450/3€58k-
Other amounts payable47/48€68k€213k▲
Accrued charges and deferred income492/3€35k€16k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€13k€14k▲
Gross operating margin9900€14k€254k▲
Operating profit (loss)9901€-11k€229k▲
Financial income75/76B€0-
Recurring financial income75€0-
Non-recurring financial income76B€0-
Financial charges65/66B€45k€68k▲
Recurring financial charges65€45k€68k▲
Profit (loss) for the period before taxes9903€-55k€161k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-55k€161k▲
Profit (loss) for the period to be appropriated9905€-55k€161k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-193k€-32k▲
Profit (loss) brought forward from the previous period14P€-138k€-193k▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (6 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €161k
Net result €161k after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 90 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 90 days late
2023
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-219k ▼1572%
Net result drops to €-219k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
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, Antwerpen · 1 establishment unit since 2019
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.
Vorstermanstraat 12B2000 AntwerpenGround area
2,918 m²
Building footprint
396 m²
Volume, LiDAR
4,512 m³
Parcel 11811L3656/00G002, Flanders · tallest building 18.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
DURBAN RED
since 20192.292.628.553
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3656/00G002 | Flanders | 2,918 m² | 1 · 396 m² | 18.8 m · 4 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.
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DOKTOORSVELD
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COCOON CONSTRUCT
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FALENOVA
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MAKIAM
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Of 9,696 companies in sector 68121 we hold annual accounts for 7,378. 2,379 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.