ESMA
ActiveESMA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260k and a net result of €-2k. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 69% of 27787 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▼-2
Solvency89▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.59 against 2.28 in 2024; short-term debt: 12.6% and cash: 1.8% of total assets), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
65 d early
2023
18 d early
2022
12 d early
2021
30 d late
2020
60 d early
2019
24 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€260k▼ 0.6%
2024 · €262k
2018: €115k
2019: €135k
2020: €153k
2021: €194k
2022: €196k
2023: €263k
2024: €262k
2018 → 2025
Total assets
€405k▲ 2.3%
2024 · €396k
2018: €243k
2019: €279k
2020: €364k
2021: €375k
2022: €358k
2023: €391k
2024: €396k
2018 → 2025
Net result
€-2k
2024 · €657
2018: €23k
2019: €21k
2020: €19k
2021: €42k
2022: €4k
2023: €69k
2024: €657
2018 → 2025
Working capital
€30k▼ 41.6%
2024 · €51k
2018: €568
2019: €-7k
2020: €-13k
2021: €-42k
2022: €6k
2023: €38k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€194k-€196k▲ 1.3%€263k▲ 34.3%€262k▼ 0.4%€260k▼ 0.6%
Operating result€66k-€11k▼ 83.2%€102k▲ 829%€11k▼ 89.0%€9k▼ 24.5%
Net result€42k-€4k▼ 90.5%€69k▲ 1,604%€657▼ 99.0%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €405k
Fixed assets
€324k▲ 6.5%
Current assets
€81k▼ 11.6%
Equity and liabilities €405k
Equity
€260k▼ 0.6%
Provisions
€4k▼ 6.4%
Debt
€141k▲ 8.4%
The debt ratio rises from 32.9% to 34.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35k▲
2024 · €34k
Cash flow
€25k▲
2024 · €23k
Solvency
64.3%▼
2024 · 66.1%
Current ratio
1.59▼
2024 · 2.28
Quick ratio
1.39▼
2024 · 2.28
Debt / equity
0.54▲
2024 · 0.50
ROE
-0.6%▼
2024 · 0.3%
ROA
-0.4%▼
2024 · 0.2%
Interest coverage
4.79▼
2024 · 4.95
Debt
€141k▲
2024 · €130k
Debt ≤ 1 year
€51k▲
2024 · €40k
Debt > 1 year
€90k=
2024 · €90k
Income taxes
€3k▼
2024 · €4k
Staff costs
€118k▼
2024 · €123k
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€396k€405k▲
Fixed assets21/28€304k€324k▲
Tangible fixed assets22/27€304k€324k▲
Land and buildings22€243k€278k▲
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€58k€43k▼
Financial fixed assets28€195€195=
Current assets29/58€92k€81k▼
Stocks and contracts in progress3-€10k
Contracts in progress37-€10k
Amounts receivable within one year40/41€78k€60k▼
Trade receivables40€70k€48k▼
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€957€7k▲
Deferred charges and accrued income490/1€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€396k€405k▲
Equity10/15€262k€260k▼
Contributions10/11€19k€19k=
Reserves13€243k€242k▼
Tax-exempt reserves132€14k€13k▼
Distributable reserves133€229k€229k▼
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€4k€4k▼
Deferred taxes168€4k€4k▼
Amounts payable17/49€130k€141k▲
Amounts payable after more than one year17€90k€90k=
Other amounts payable178/9€90k€90k=
Amounts payable within one year42/48€40k€51k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€17k€9k▼
Suppliers440/4€17k€9k▼
Taxes, remuneration and social security45€3k€18k▲
Taxes450/3€154€4k▲
Remuneration and social security454/9€3k€14k▲
Other amounts payable47/48€21k€25k▲
Accrued charges and deferred income492/3€0€228▲
Income statement
Code20242025
Non-recurring operating income76A€10k€0▼
Remuneration, social security and pensions62€123k€118k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€26k▲
Other operating charges640/8€15k€10k▼
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€175k€162k▼
Operating profit (loss)9901€11k€9k▼
Financial income75/76B-€242
Recurring financial income75-€242
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€4k€1k▼
Transfer from deferred taxes780€240€240=
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€657€-2k▼
Transfer from tax-exempt reserves789€904€904=
Profit (loss) for the period to be appropriated9905€2k€-705▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-705▼
Transfer from equity791/2€2k€705▼
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
The notes to these accounts (8 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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-2k ▼345%
Net result drops to €-2k, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €69k ▲1604%
Operating result €102k, net result €69k, both a record.
31-12
Financial
Equity above €200kEq €263k ▲34.3%
6 profitable years in a row build equity to €263k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €153k ▲13.1%
3 profitable years in a row build equity to €153k.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Ingelmunster · 1 establishment unit since 2009
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.
Kortrijkstraat 318770 IngelmunsterGround area
283 m²
Building footprint
108 m²
Volume, LiDAR
595 m³
Parcel 36007C0056/00S005, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ESMA
since 20092.175.348.328
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0056/00S005 | Flanders | 283 m² | 1 · 108 m² | 12.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 254 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 254 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,365 companies in sector 43110 we hold annual accounts for 632. 477 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-12-2008
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.