ENTRAFOR
ActiveThe annual accounts of ENTRAFOR for fiscal year 2025 show a net loss of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-55k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 417 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-56
Solvency26▼-10
Growth55▼-30
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.91 against 0.75 in 2024; short-term debt: 41.1% and cash: 0% of total assets), and 99.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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 · 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
0.5%
Return on assets
-9.5%
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 18% of 417 sector peers (2025).
NBB · sector comparisonPosition among 417 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
15 d early
2023
43 d early
2022
30 d early
2021
57 d late
2020
58 d early
2019
36 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€422k▲ 152%
2019 · €168k
2018: €181k
2019: €168k
2018 → 2020
EBIT margin
4.1%▲ 3.3pp
2019 · 0.8%
2018: 1.3%
2019: 0.8%
2018 → 2020
Net result
€-55k
2024 · €14k
2018: €94
2019: €-1k
2020: €9k
2021: €5k
2022: €-1k
2023: €5k
2024: €14k
2018 → 2025
Working capital
€-20k▲ 64.3%
2024 · €-57k
2018: €4k
2019: €13k
2020: €-11k
2021: €-22k
2022: €-49k
2023: €-59k
2024: €-57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€40k▼ 3.4%€44k▲ 11.6%€58k▲ 31.6%€3k▼ 94.6%
Operating result€11k-€10k▼ 8.0%€21k▲ 122%€41k▲ 90.4%€-87k
Net result€5k-€-1k€5k€14k▲ 204%€-55k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €87k after €41k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579k
Fixed assets
€361k▼ 0.6%
Current assets
€218k▲ 25.5%
Equity and liabilities €579k
Equity
€3k▼ 94.6%
Debt
€576k▲ 20.2%
The debt ratio rises from 89.2% to 99.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €106k
Cash flow
€19k▼
2024 · €79k
Solvency
0.5%▼
2024 · 10.8%
Current ratio
0.91▲
2024 · 0.75
Quick ratio
0.54▲
2024 · 0.51
ROA
-9.5%▼
2024 · 2.6%
Interest coverage
-0.54▼
2024 · 4.93
Debt
€576k▲
2024 · €479k
Debt ≤ 1 year
€238k▲
2024 · €231k
Debt > 1 year
€338k▲
2024 · €248k
Staff costs
€466k▲
2024 · €350k
A ratio outside any meaningful range has been withheld (balance sheet total €579k, equity €3k).
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€537k€579k▲
Fixed assets21/28€363k€361k▼
Tangible fixed assets22/27€356k€354k▼
Land and buildings22€218k€204k▼
Plant, machinery and equipment23€19k€35k▲
Furniture and vehicles24€119k€114k▼
Financial fixed assets28€7k€7k=
Current assets29/58€174k€218k▲
Stocks and contracts in progress3€57k€89k▲
Stocks30/36€57k€89k▲
Amounts receivable within one year40/41€88k€128k▲
Trade receivables40€61k€65k▲
Other amounts receivable41€27k€63k▲
Cash at bank and in hand54/58€29k€11▼
Equity and liabilities
Total equity and liabilities10/49€537k€579k▲
Equity10/15€58k€3k▼
Contributions10/11€20k€20k=
Capital10€20k€20k=
Issued capital100€20k€20k=
Profit (loss) carried forward14€38k€-17k▼
Amounts payable17/49€479k€576k▲
Amounts payable after more than one year17€248k€338k▲
Financial debts170/4€248k€338k▲
Amounts payable within one year42/48€231k€238k▲
Current portion of amounts payable after more than one year42€68k€144k▲
Financial debts43€150k€1k▼
Credit institutions430/8€150k€1k▼
Trade debts44€12k€53k▲
Suppliers440/4€12k€53k▲
Taxes, remuneration and social security45€319€22k▲
Taxes450/3€319€22k▲
Other amounts payable47/48-€18k
Income statement
Code20242025
Remuneration, social security and pensions62€350k€466k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€74k▲
Other operating charges640/8€5k€5k▼
Non-recurring operating charges66A€1k€303▼
Gross operating margin9900€462k€458k▼
Operating profit (loss)9901€41k€-87k▼
Financial income75/76B€1€56k▲
Recurring financial income75€1€56k▲
Non-recurring financial income76B-€56k
Financial charges65/66B€21k€24k▲
Recurring financial charges65€21k€24k▲
Profit (loss) for the period before taxes9903€19k€-55k▼
Income taxes67/77€5k-
Profit (loss) for the period9904€14k€-55k▼
Profit (loss) for the period to be appropriated9905€14k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€-17k▼
Profit (loss) brought forward from the previous period14P€24k€38k▲
The notes to these accounts (9 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet €-55k ▼494%
Net result drops to €-55k, the lowest in the series.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €14k ▲204%
Operating result €41k, net result €14k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 57 days late
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Durbuy · 2 establishment units since 2007
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.
Route de Bomal 386940 DurbuyGround area
955 m²
Building footprint
361 m²
2 parcels, Wallonia. Linked by address, not a title deed.
2 establishment units
ECO-SYSTEM
since 20072.163.551.742
-
since 20252.371.812.524
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83004B2561/00C002 | Wallonia | 716 m² | 1 · 173 m² | - |
| 83004B2180/00V000 | Wallonia | 239 m² | 1 · 187 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
1 categoryENTRAFOR SRL40595
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THINK AND DO
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Of 6,729 companies in sector 93299 we hold annual accounts for 1,168. 419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2007
Fiscal year end31-12
Activities, NACEBEL
02200Logging
92340
93299Other amusement and recreation activities
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:entrafor@gmail.com