EQUINO
ActiveEQUINO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €730k and a net result of €88k. Equity is growing by ~21.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
83
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-31
Solvency100▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.4 against 2.82 in 2024), and 33.9% 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
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
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
66.1%
Return on assets
7.9%
Age of the figures
14 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 →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
34 d late
2023
1 d early
2022
on the day
2021
on the day
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€730k▲ 13.7%
2024 · €642k
2019: €125k
2020: €296k
2021: €403k
2022: €450k
2023: €525k
2024: €642k
2019 → 2025
Total assets
€1.10M▼ 5.2%
2024 · €1.17M
2019: €784k
2020: €832k
2021: €847k
2022: €967k
2023: €999k
2024: €1.17M
2019 → 2025
Net result
€88k▼ 25.0%
2024 · €117k
2019: €48k
2020: €170k
2021: €108k
2022: €47k
2023: €74k
2024: €117k
2019 → 2025
Working capital
€674k▲ 17.4%
2024 · €574k
2019: €251k
2020: €406k
2021: €448k
2022: €481k
2023: €546k
2024: €574k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€403k-€450k▲ 11.7%€525k▲ 16.5%€642k▲ 22.3%€730k▲ 13.7%
Operating result€125k-€80k▼ 36.4%€111k▲ 39.6%€182k▲ 63.4%€148k▼ 18.7%
Net result€108k-€47k▼ 56.1%€74k▲ 57.4%€117k▲ 57.4%€88k▼ 25.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€232k▼ 15.5%
Current assets
€872k▼ 2.0%
Equity and liabilities €1.10M
Equity
€730k▲ 13.7%
Debt
€375k▼ 28.4%
The debt ratio falls from 44.9% to 33.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€191k▼
2024 · €212k
Cash flow
€130k▼
2024 · €147k
Solvency
66.1%▲
2024 · 55.1%
Current ratio
4.40▲
2024 · 2.82
Quick ratio
0.19▼
2024 · 0.22
Debt / equity
0.51▼
2024 · 0.82
ROE
12.0%▼
2024 · 18.2%
ROA
7.9%▼
2024 · 10.0%
Interest coverage
11.53▲
2024 · 8.38
Debt
€375k▼
2024 · €524k
Debt ≤ 1 year
€198k▼
2024 · €316k
Debt > 1 year
€177k▼
2024 · €207k
Income taxes
€44k▲
2024 · €40k
Staff costs
€119k▲
2024 · €59k
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€1.17M€1.10M▼
Fixed assets21/28€275k€232k▼
Tangible fixed assets22/27€274k€231k▼
Land and buildings22€139k€139k=
Plant, machinery and equipment23€616-
Furniture and vehicles24€131k€91k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€987€987=
Current assets29/58€890k€872k▼
Stocks and contracts in progress3€822k€834k▲
Stocks30/36€822k€834k▲
Amounts receivable within one year40/41€4k-
Trade receivables40€4k-
Cash at bank and in hand54/58€64k€38k▼
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.10M▼
Equity10/15€642k€730k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Share premium1100/10€19k-
Other1109/19-€19k
Reserves13€124k€212k▲
Non-distributable reserves130/1€2k-
Other1319€2k-
Tax-exempt reserves132€22k€22k=
Distributable reserves133€100k€190k▲
Profit (loss) carried forward14€499k€499k=
Amounts payable17/49€524k€375k▼
Amounts payable after more than one year17€207k€177k▼
Financial debts170/4€207k€177k▼
Amounts payable within one year42/48€316k€198k▼
Current portion of amounts payable after more than one year42€58k€31k▼
Financial debts43€47k€37k▼
Credit institutions430/8€47k-
Other loans439-€37k
Trade debts44€155k€26k▼
Suppliers440/4€155k€26k▼
Taxes, remuneration and social security45€43k€88k▲
Taxes450/3€40k€81k▲
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48€13k€16k▲
Income statement
Code20242025
Remuneration, social security and pensions62€59k€119k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€43k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-13k
Other operating charges640/8€5k€2k▼
Gross operating margin9900€277k€298k▲
Operating profit (loss)9901€182k€148k▼
Financial charges65/66B€25k€17k▼
Recurring financial charges65€25k€17k▼
Profit (loss) for the period before taxes9903€157k€131k▼
Income taxes67/77€40k€44k▲
Profit (loss) for the period9904€117k€88k▼
Profit (loss) for the period to be appropriated9905€117k€88k▼
Appropriation of the result
Profit (loss) to be appropriated9906€499k€587k▲
Profit (loss) brought forward from the previous period14P€382k€499k▲
Transfer to equity691/2-€88k
To other reserves6921-€88k
Social balance
Average headcount (FTE)90872.73.3▲
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 34 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €525k ▲16.5%
5 profitable years in a row build equity to €525k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €47k ▼56.1%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Highest result since 2019net €170k ▲252%
Operating result €188k, net result €170k, both a record.
30-06
Financial
Equity above €200kEq €296k ▲136%
2 profitable years in a row build equity to €296k.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
MAC LAFFERTY, Stephan Joseph Marie
CurrentDirector · since 04-12-2023
VANNESTE, Alena Roza Anne Marie
CurrentDirector · since 04-12-2023
04-12-2023
MAC LAFFERTY, Stephan Joseph Marie: Resigned as Director
04-12-2023
MAC LAFFERTY, Stephan Joseph Marie: Appointed as Director
04-12-2023
VANNESTE, Alena Roza Anne Marie: Resigned as Director
04-12-2023
VANNESTE, Alena Roza Anne Marie: Appointed as Director
Location & real-estate footprint
Registered office, Merchtem · 2 establishment units since 2001
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.
Osselstraat 141785 MerchtemGround area
2.3 ha
Building footprint
2.2 ha
Volume, LiDAR
95,583 m³
2 parcels, Flanders · tallest building 22.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Osselstraat 14, 1785 Merchtem
since 20012.116.374.209
MAC LAFFERTY - THE SENCE OF FINE JUWELLERY
since 20022.116.374.308
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41362B1603/00G000 | Flanders | 2.2 ha | 1 · 2.2 ha | 22.5 m · 1 fl. |
| 23012H0345/00G000 | Flanders | 1,014 m² | 1 · 141 m² | 10.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 1,375 EUR awarded · 1,375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 375 EUR | 375 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 1 endedWinkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
Similar companies · same sector, comparable size
BEMINOR
BE 0824.932.837
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JUWELEN VANPARRYS
BE 0839.921.119
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ORNAMENTI
BE 0449.711.301
Antwerpen · Eq €701k
Hoorbaar Solidaris
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DIANINE
BE 0863.820.434
Antwerpen · Eq €683k
Of 565 companies in sector 46480 we hold annual accounts for 352. 211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2001
Fiscal year end30-06
Activities, NACEBEL
46480Wholesale trade
47770Retail sale of watches and jewellery
51474
52484
47120Other non-specialised retail sale
47910Retail trade
52730
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.