Equinex

Active

Private limited companyfounded 201115 yrs activeJef Mennekenslaan 35, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0838.975.863

Equinex has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.23M and a net result of €257k. Its solvency ranks better than 30% of 9580 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

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Checked score

Score 2024

61 / 100

Healthy▲ +8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability58▼-4

Solvency37▲+10

Growth78

Stability100

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €140k at 30 days acceptable

Liquidity tight (current ratio 1.27 against 1.22 in 2023), and 77.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

22.2%

Return on assets

2.6%

Age of the figures

20 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 2 filings

Deviation from the deadline

2025

not confirmed

2024

91 d late

2023

68 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€2.23M▲ 9.7%

2023 · €2.03M

2023: €2.03M

2023 → 2024

Total assets

€10.04M▼ 16.1%

2023 · €11.96M

2023: €11.96M

2023 → 2024

Net result

€257k▲ 2.2%

2023 · €251k

2023: €251k

2023 → 2024

Working capital

€1.26M▼ 13.5%

2023 · €1.45M

2023: €1.45M

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€2.03M-€2.23M▲ 9.7%

Operating result€791k-€876k▲ 10.7%

Net result€251k-€257k▲ 2.2%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2024; 2024 is 11% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €10.04M

41.9%

58.1%

Fixed assets €4.21M▲ 7.7%

Current assets €5.83M▼ 27.6%

Equity and liabilities €10.04M

22.2%

77.8%

Equity €2.23M▲ 9.7%

Debt €7.81M▼ 21.4%

The debt ratio falls from 83.0% to 77.8%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€894k▲

2023 · €826k

Cash flow

€275k▼

2023 · €286k

Solvency

22.2%▲

2023 · 17.0%

Current ratio

1.27▲

2023 · 1.22

Quick ratio

0.26▲

2023 · 0.05

Debt / equity

3.50▼

2023 · 4.89

ROE

11.5%▼

2023 · 12.4%

ROA

2.6%▲

2023 · 2.1%

Interest coverage

1.64▼

2023 · 1.94

Debt

€7.81M▼

2023 · €9.93M

Debt ≤ 1 year

€4.57M▼

2023 · €6.60M

Debt > 1 year

€3.24M▼

2023 · €3.33M

Income taxes

€84k▼

2023 · €113k

Staff costs

€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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€11.96M€10.04M▼

Fixed assets21/28€3.91M€4.21M▲

Tangible fixed assets22/27€3.91M€4.21M▲

Land and buildings22€3.71M€3.87M▲

Plant, machinery and equipment23€7k€10k▲

Furniture and vehicles24€55k€167k▲

Other tangible fixed assets26€140k€163k▲

Financial fixed assets28€500€500=

Current assets29/58€8.05M€5.83M▼

Stocks and contracts in progress3€7.70M€4.64M▼

Stocks30/36€7.70M€4.64M▼

Amounts receivable within one year40/41€114k€587k▲

Trade receivables40€108k€129k▲

Other amounts receivable41€5k€459k▲

Cash at bank and in hand54/58€84k€202k▲

Deferred charges and accrued income490/1€158k€397k▲

Equity and liabilities

Total equity and liabilities10/49€11.96M€10.04M▼

Equity10/15€2.03M€2.23M▲

Contributions10/11€1k€1k=

Revaluation surpluses12€410k€350k▼

Reserves13€1.62M€1.88M▲

Distributable reserves133€1.62M€1.88M▲

Amounts payable17/49€9.93M€7.81M▼

Amounts payable after more than one year17€3.33M€3.24M▼

Financial debts170/4€3.33M€3.24M▼

Amounts payable within one year42/48€6.60M€4.57M▼

Current portion of amounts payable after more than one year42€6.35M€3.90M▼

Trade debts44€69k€370k▲

Suppliers440/4€69k€370k▲

Taxes, remuneration and social security45€184k€298k▲

Taxes450/3€184k€298k▲

Remuneration and social security454/9-€381

Other amounts payable47/48€1k-

Income statement Code20232024

Remuneration, social security and pensions62-€6k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€18k▼

Other operating charges640/8€9k€25k▲

Gross operating margin9900€835k€925k▲

Operating profit (loss)9901€791k€876k▲

Financial income75/76B€10€11k▲

Recurring financial income75€10€11k▲

Financial charges65/66B€427k€546k▲

Recurring financial charges65€427k€546k▲

Profit (loss) for the period before taxes9903€365k€341k▼

Income taxes67/77€113k€84k▼

Profit (loss) for the period9904€251k€257k▲

Profit (loss) for the period to be appropriated9905€251k€257k▲

Appropriation of the result

Profit (loss) to be appropriated9906€251k€257k▲

Transfer to equity691/2€251k€257k▲

To other reserves6921€251k€257k▲

Social balance

Average headcount (FTE)9087-0.2

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 91 days late

2024

07-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 68 days late

NBB filing

Directors · office · real estate

Directors

6 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, Knokke-Heist · 2 establishment units since 2011

establishment All 2 establishment units on the map

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.

Jef Mennekenslaan 358300 Knokke-Heist

Ground area

1,094 m²

Building footprint

587 m²

Volume, LiDAR

5,257 m³

2 parcels, Flanders · tallest building 19.6 m, ±6 floors. Linked by address, not a title deed.

2 establishment units

Waversesteenweg 50, 2580 Putte

Real estate development

since 20112.202.979.866

Jef Mennekenslaan 35, 8300 Knokke-Heist

Real estate development

since 20242.362.046.109

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12029A0322/00R002	Flanders	616 m²	1 · 376 m²	8.8 m · 2 fl.
31334B0458/00A000	Flanders	479 m²	1 · 211 m²	19.6 m · 6 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.

Structure & network

Connections & network

2 connected companies

Network connections

CELUX

Shared address

→

ZZ-INVEST

Shared address

→

Recognitions · licences · registrations

Legal Entity Identifier

875500DES0RD4K64AQ04

no longer live in the LEI register

Similar companies · same sector, comparable size

Etablissements ENCLIN S.A.

Lochristi · Eq €2.22M

Of 10,615 companies in sector 47811 we hold annual accounts for 5,192. 2,248 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded25-08-2011

Fiscal year end31-12

Activities, NACEBEL

47811Retail sale of cars and light vans (up to 3.5 tonnes)

68110Buying and selling of own real estate

01430Raising of horses and other equines

68121Development of residential building projects

43320Joinery installation

43333Wallpapering and laying of floor and wall coverings in other materials

95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.