ETN
ActiveETN has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €232k and a net result of €80k. Equity is growing by ~37.5% per year across the filed fiscal years. Its solvency ranks better than 66% of 313 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability96▲+23
Solvency88▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 0.93 in 2024; short-term debt: 36.6% and cash: 45.7% of total assets), and 36.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
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
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
63.4%
Return on assets
21.8%
Age of the figures
15 mo
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 25-12-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
38 d early
2023
46 d early
2022
39 d early
2021
101 d late
2020
31 d early
2019
60 d late
← 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 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€232k▲ 52.3%
2024 · €152k
2019: €44k
2020: €43k
2021: €42k
2022: €65k
2023: €136k
2024: €152k
2019 → 2025
Total assets
€366k▼ 30.0%
2024 · €522k
2019: €44k
2020: €43k
2021: €42k
2022: €379k
2023: €586k
2024: €522k
2019 → 2025
Net result
€80k▲ 385%
2024 · €16k
2019: €-970
2020: €-1k
2021: €-471
2022: €68k
2023: €71k
2024: €16k
2019 → 2025
Working capital
€153k
2024 · €-15k
2022: €-23k
2023: €-20k
2024: €-15k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€42k-€65k▲ 54.0%€136k▲ 109%€152k▲ 12.1%€232k▲ 52.3%
Operating result€-427-€72k€106k▲ 46.7%€27k▼ 74.0%€104k▲ 278%
Net result€-471-€68k€71k▲ 4.6%€16k▼ 76.9%€80k▲ 385%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 278% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €366k
Fixed assets
€79k▼ 75.2%
Current assets
€287k▲ 40.0%
Equity and liabilities €366k
Equity
€232k▲ 52.3%
Debt
€134k▼ 63.8%
The debt ratio falls from 70.9% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€140k▲
2024 · €132k
Cash flow
€115k▼
2024 · €121k
Solvency
63.4%▲
2024 · 29.1%
Current ratio
2.14▲
2024 · 0.93
Quick ratio
2.14▲
2024 · 0.93
Debt / equity
0.58▼
2024 · 2.43
ROE
34.3%▲
2024 · 10.8%
ROA
21.8%▲
2024 · 3.1%
Interest coverage
23.71▲
2024 · 15.53
Debt
€134k▼
2024 · €370k
Debt ≤ 1 year
€134k▼
2024 · €220k
Income taxes
€29k▲
2024 · €3k
Staff costs
€61k▼
2024 · €69k
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€522k€366k▼
Fixed assets21/28€317k€79k▼
Tangible fixed assets22/27€317k€78k▼
Plant, machinery and equipment23€109k€35k▼
Furniture and vehicles24€56k€44k▼
Leasing and similar rights25€151k-
Financial fixed assets28€498€498=
Current assets29/58€205k€287k▲
Amounts receivable within one year40/41€177k€110k▼
Trade receivables40€163k€80k▼
Other amounts receivable41€14k€30k▲
Cash at bank and in hand54/58€19k€167k▲
Deferred charges and accrued income490/1€9k€10k▲
Equity and liabilities
Total equity and liabilities10/49€522k€366k▼
Equity10/15€152k€232k▲
Contributions10/11€20k€20k=
Reserves13€80k€150k▲
Distributable reserves133€80k€150k▲
Profit (loss) carried forward14€52k€61k▲
Investment grants15-€82
Amounts payable17/49€370k€134k▼
Amounts payable after more than one year17€150k-
Financial debts170/4€150k-
Amounts payable within one year42/48€220k€134k▼
Current portion of amounts payable after more than one year42€50k€13k▼
Trade debts44€125k€48k▼
Suppliers440/4€125k€48k▼
Taxes, remuneration and social security45€9k€20k▲
Taxes450/3€6k€17k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€36k€53k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€55k▲
Remuneration, social security and pensions62€69k€61k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€36k▼
Other operating charges640/8€6k€7k▲
Non-recurring operating charges66A€7k€13k▲
Gross operating margin9900€213k€220k▲
Operating profit (loss)9901€27k€104k▲
Financial income75/76B€2€11k▲
Recurring financial income75€2€11k▲
Non-recurring financial income76B-€270
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€19k€109k▲
Income taxes67/77€3k€29k▲
Profit (loss) for the period9904€16k€80k▲
Profit (loss) for the period to be appropriated9905€16k€80k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€131k▲
Profit (loss) brought forward from the previous period14P€35k€52k▲
Transfer to equity691/2-€70k
To other reserves6921-€70k
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
2025
25-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €80k ▲385%
Net result €80k, the highest in the series.
30-06
Financial
Liquidity doublescurrent ratio 2.14
Current ratio from 0.93 to 2.14; short-term debt falls from €220k to €134k.
30-06
Financial
Equity above €200kEq €232k ▲52.3%
4 profitable years in a row build equity to €232k.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €150kEq €152k ▲12.1%
3 profitable years in a row build equity to €152k.
2023
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Equity above €100kEq €136k ▲109%
2 profitable years in a row build equity to €136k.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €68k
Net result €68k after 3 loss-making years.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2017
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Paliseul · 1 establishment unit since 1982
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.
Rue de Ferreing,Offagne 146850 PaliseulGround area
6,469 m²
Building footprint
152 m²
Volume, LiDAR
1,027 m³
Parcel 84047A0210/00A000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Ferreing,Offagne 14, 6850 Paliseul
since 19822.020.825.645
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84047A0210/00A000 | Wallonia | 6,469 m² | 1 · 152 m² | 9.7 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.
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-1982
Fiscal year end30-06
Activities, NACEBEL
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.