ERSTEEL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €433k and a net result of €-12k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 57% of 8024 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
20 d early
2023
1 d early
2022
3 d early
2021
1 d early
2020
4 d late
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€433k▼ 2.7%
2024 · €445k
2018: €355k
2019: €370k
2020: €292k
2021: €493k
2022: €469k
2023: €457k
2024: €445k
2018 → 2025
Net result
€-12k▼ 0.6%
2024 · €-12k
2018: €11k
2019: €15k
2020: €-78k
2021: €201k
2022: €-23k
2023: €-12k
2024: €-12k
2018 → 2025
Total assets
€720k▼ 4.8%
2024 · €756k
2018: €835k
2019: €846k
2020: €869k
2021: €869k
2022: €816k
2023: €788k
2024: €756k
2018 → 2025
Solvency
60.1%▲ 1.3pp
2024 · 58.8%
2018: 42.5%
2019: 43.7%
2020: 33.6%
2021: 56.6%
2022: 57.5%
2023: 58.0%
2024: 58.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€493k-€469k▼ 4.7%€457k▼ 2.7%€445k▼ 2.7%€433k▼ 2.7%
Operating result€5k-€-8k€4k€7k▲ 76.6%€7k▲ 5.2%
Net result€201k-€-23k€-12k▲ 45.8%€-12k▲ 3.1%€-12k▼ 0.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720k
Fixed assets
€632k▼ 2.5%
Current assets
€88k▼ 18.3%
Equity and liabilities €720k
Equity
€433k▼ 2.7%
Debt
€288k▼ 7.7%
The debt ratio falls from 41.2% to 39.9%. Equity and debt are lower.
Key figures and ratios
Solvency
60.1%▲
2024 · 58.8%
ROE
-2.8%▼
2024 · -2.7%
ROA
-1.7%▼
2024 · -1.6%
Debt
€288k▼
2024 · €312k
Debt ≤ 1 year
€19k▼
2024 · €35k
Debt > 1 year
€250k▼
2024 · €257k
Income taxes
€233▲
2024 · €222
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€756k€720k▼
Fixed assets21/28€649k€632k▼
Tangible fixed assets22/27€349k€332k▼
Land and buildings22€342k€329k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€300k€300k=
Current assets29/58€108k€88k▼
Amounts receivable within one year40/41€34k€27k▼
Trade receivables40€8k€9k▲
Other amounts receivable41€26k€18k▼
Cash at bank and in hand54/58€72k€59k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€756k€720k▼
Equity10/15€445k€433k▼
Contributions10/11€248k€248k=
Capital10€248k€248k=
Issued capital100€248k€248k=
Reserves13€245k€245k=
Non-distributable reserves130/1€18k€18k=
Legal reserve130€18k€18k=
Tax-exempt reserves132€3k€3k=
Distributable reserves133€224k€224k=
Profit (loss) carried forward14€-48k€-60k▼
Amounts payable17/49€312k€288k▼
Amounts payable after more than one year17€257k€250k▼
Financial debts170/4€7k€0▼
Other amounts payable178/9€251k€250k▼
Amounts payable within one year42/48€35k€19k▼
Current portion of amounts payable after more than one year42€23k€7k▼
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€19k€19k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€27k€27k▲
Operating profit (loss)9901€7k€7k▲
Financial income75/76B€972€0▼
Recurring financial income75€972€0▼
Financial charges65/66B€20k€19k▼
Recurring financial charges65€20k€19k▼
Profit (loss) for the period before taxes9903€-12k€-12k▼
Income taxes67/77€222€233▲
Profit (loss) for the period9904€-12k€-12k▼
Profit (loss) for the period to be appropriated9905€-12k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€-60k▼
Profit (loss) brought forward from the previous period14P€-36k€-48k▼
The notes to these accounts (10 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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €201k
Net result €201k after one loss-making year.
30-09
Financial
Liquidity times 7current ratio 4.91
Current ratio from 0.74 to 4.91; short-term debt falls from €61k to €37k.
04-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
30-09
Financial
Weakest financial yearnet €-78k ▼627%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
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
5 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, Lokeren · 1 establishment unit since 2002
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.
Vrijheidsplein 49160 LokerenGround area
768 m²
Building footprint
34 m²
Volume, LiDAR
91 m³
Parcel 46384E0075/00W000, Flanders · tallest building 3.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Vrijheidsplein 4, 9160 Lokeren
since 20022.096.177.027
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384E0075/00W000 | Flanders | 768 m² | 1 · 34 m² | 3.6 m · 1 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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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 13,714 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-07-2002
Fiscal year end30-09
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
46190Agents in non-specialised wholesale trade
80421
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.