EQUINOBLI
ActiveEQUINOBLI has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-9k. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 2281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+32
Solvency21▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.2 in 2024; short-term debt: 104.2% and cash: 3.4% of total assets), and equity is negative.
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 · 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
-4.2%
Return on assets
-2.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
27 d late
2022
31 d late
2021
31 d late
2020
143 d late
2019
102 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-13k▼ 217%
2024 · €-4k
2018: €112k
2019: €133k
2020: €133k
2021: €108k
2022: €111k
2023: €61k
2024: €-4k
2018 → 2025
Total assets
€312k▼ 8.2%
2024 · €340k
2018: €305k
2019: €323k
2020: €323k
2021: €361k
2022: €420k
2023: €480k
2024: €340k
2018 → 2025
Net result
€-9k▲ 86.1%
2024 · €-65k
2018: €18k
2019: €20k
2020: €20k
2021: €-14k
2022: €3k
2023: €-51k
2024: €-65k
2018 → 2025
Working capital
€-255k▲ 6.8%
2024 · €-274k
2018: €-126k
2019: €-104k
2020: €-102k
2021: €-139k
2022: €-143k
2023: €-237k
2024: €-274k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€111k▲ 2.7%€61k▼ 45.6%€-4k€-13k▼ 217%
Operating result€-5k-€2k€-42k€-50k▼ 20.4%€5k
Net result€-14k-€3k€-51k€-65k▼ 27.6%€-9k▲ 86.1%
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: €5k after a loss of €50k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €312k
Fixed assets
€242k▼ 10.3%
Current assets
€70k▼ 0.1%
Key figures and ratios
EBITDA
€34k▲
2024 · €-19k
Cash flow
€20k▲
2024 · €-34k
Solvency
-4.2%▼
2024 · -1.2%
Current ratio
0.22▲
2024 · 0.20
Quick ratio
0.22▲
2024 · 0.20
Debt / equity
-24.72▲
2024 · -82.89
ROA
-2.9%▲
2024 · -19.0%
Interest coverage
1.97▲
2024 · -1.01
Debt
€325k▼
2024 · €344k
Debt ≤ 1 year
€325k▼
2024 · €344k
Income taxes
€0▼
2024 · €94
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€340k€312k▼
Fixed assets21/28€270k€242k▼
Tangible fixed assets22/27€270k€242k▼
Land and buildings22€221k€203k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€39k€31k▼
Current assets29/58€70k€70k▼
Amounts receivable within one year40/41€53k€42k▼
Trade receivables40€53k€40k▼
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58-€11k
Deferred charges and accrued income490/1€18k€18k▲
Equity and liabilities
Total equity and liabilities10/49€340k€312k▼
Equity10/15€-4k€-13k▼
Contributions10/11€9k€9k=
Reserves13€123k€123k=
Distributable reserves133€123k€123k=
Profit (loss) carried forward14€-137k€-146k▼
Amounts payable17/49€344k€325k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€344k€325k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€71k€74k▲
Credit institutions430/8€71k€74k▲
Trade debts44€15k€5k▼
Suppliers440/4€15k€5k▼
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Other amounts payable47/48€253k€246k▼
Income statement
Code20242025
Non-recurring operating income76A€434€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€29k▼
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€13k€177▼
Gross operating margin9900€-4k€36k▲
Operating profit (loss)9901€-50k€5k▲
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€-65k€-9k▲
Income taxes67/77€94€0▼
Profit (loss) for the period9904€-65k€-9k▲
Profit (loss) for the period to be appropriated9905€-65k€-9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-137k€-146k▼
Profit (loss) brought forward from the previous period14P€-72k€-137k▼
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-65k
Net result drops to €-65k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 143 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 387 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zwevegem · 1 establishment unit since 1994
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.
Paperrestraat(O) 48553 ZwevegemGround area
1,105 m²
Building footprint
177 m²
Parcel 34030B0296/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
VINCENT CASIER BVBA
since 19942.068.707.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34030B0296/00D000 | Flanders | 1,104 m² | 1 · 176 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 310 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 310 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ODYN EQUESTRIAN PRODUCTS AND SERVICES
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Etterbeek · Eq €59k
RELAIS DES FALIZES
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Dinant · Eq €59k
Breeding and Services by Luiz Felice
BE 0798.848.250
Remicourt · Eq €63k
MASCOTTE
BE 0425.525.637
Zaventem · Eq €63k
Le Relais Centre Equestre
BE 0518.902.686
Sombreffe · Eq €58k
Of 830 companies in sector 93127 we hold annual accounts for 196. 150 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-1994
Fiscal year end31-12
Abbreviation NL
CSAT
Activities, NACEBEL
93127Equestrian clubs
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:admin@csat.be