EURO-FENCING
ActiveEURO-FENCING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €371k and a net result of €20k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 53% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+46
Solvency67▲+9
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days only on tighter terms
Liquidity ample (current ratio 2.08 against 1.72 in 2023; short-term debt: 25.6% and cash: 1.4% of total assets), but 57.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
29 d early
2022
28 d early
2021
61 d early
2020
137 d early
2019
79 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€20k
2023 · €-78k
2018: €14k
2019: €28k
2020: €51k
2021: €28k
2022: €14k
2023: €-78k
2018 → 2024
Working capital
€243k▼ 5.9%
2023 · €258k
2018: €338k
2019: €398k
2020: €355k
2021: €474k
2022: €406k
2023: €258k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€445k-€473k▲ 6.2%€487k▲ 3.0%€351k▼ 27.9%€371k▲ 5.6%
Operating result€72k-€45k▼ 37.2%€31k▼ 30.8%€-55k€36k
Net result€51k-€28k▼ 46.0%€14k▼ 49.2%€-78k€20k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €36k after a loss of €55k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €878k
Fixed assets
€410k▼ 8.9%
Current assets
€468k▼ 24.1%
Equity and liabilities €878k
Equity
€371k▲ 5.6%
Debt
€507k▼ 29.1%
The debt ratio falls from 67.1% to 57.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▲
2023 · €32k
Cash flow
€91k▲
2023 · €9k
Solvency
42.2%▲
2023 · 32.9%
Current ratio
2.08▲
2023 · 1.72
Quick ratio
0.98▲
2023 · 0.90
Debt / equity
1.37▼
2023 · 2.04
ROE
5.3%▲
2023 · -22.2%
ROA
2.2%▲
2023 · -7.3%
Interest coverage
5.93▲
2023 · 1.82
Debt
€507k▼
2023 · €715k
Debt ≤ 1 year
€225k▼
2023 · €358k
Debt > 1 year
€282k▼
2023 · €357k
Income taxes
€166▲
2023 · €1
Staff costs
€226k▼
2023 · €279k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.07M€878k▼
Fixed assets21/28€450k€410k▼
Tangible fixed assets22/27€344k€304k▼
Land and buildings22€245k€245k▲
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€89k€53k▼
Financial fixed assets28€106k€106k=
Current assets29/58€616k€468k▼
Stocks and contracts in progress3€293k€246k▼
Stocks30/36€228k€246k▲
Contracts in progress37€65k-
Amounts receivable within one year40/41€293k€200k▼
Trade receivables40€272k€194k▼
Other amounts receivable41€21k€6k▼
Cash at bank and in hand54/58€22k€13k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€1.07M€878k▼
Equity10/15€351k€371k▲
Contributions10/11€152k€152k=
Reserves13€235k€220k▼
Distributable reserves133€235k€220k▼
Profit (loss) carried forward14€-36k€-929▲
Amounts payable17/49€715k€507k▼
Amounts payable after more than one year17€357k€282k▼
Financial debts170/4€357k€257k▼
Other amounts payable178/9-€25k
Amounts payable within one year42/48€358k€225k▼
Current portion of amounts payable after more than one year42€78k€61k▼
Trade debts44€169k€94k▼
Suppliers440/4€169k€94k▼
Taxes, remuneration and social security45€54k€61k▲
Taxes450/3€18k€36k▲
Remuneration and social security454/9€36k€25k▼
Other amounts payable47/48€58k€9k▼
Accrued charges and deferred income492/3€189€211▲
Income statement
Code20232024
Remuneration, social security and pensions62€279k€226k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€72k▼
Other operating charges640/8€11k€8k▼
Gross operating margin9900€322k€341k▲
Operating profit (loss)9901€-55k€36k▲
Financial income75/76B€8k€2k▼
Recurring financial income75€8k€2k▼
Financial charges65/66B€31k€18k▼
Recurring financial charges65€18k€18k▲
Non-recurring financial charges66B€13k-
Profit (loss) for the period before taxes9903€-78k€20k▲
Income taxes67/77€1€166▲
Profit (loss) for the period9904€-78k€20k▲
Profit (loss) for the period to be appropriated9905€-78k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-16k▲
Profit (loss) brought forward from the previous period14P€42k€-36k▼
Transfer from equity791/2€58k€15k▼
Profit to be distributed694/7€58k-
Return on contributions (dividend)694€58k-
Social balance
Average headcount (FTE)90876.05.0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 91 days late
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-78k ▼657%
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €51k ▲79.9%
Operating result €72k, net result €51k, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Limbourg · 2 establishment units since 1996
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.
Route de Goé 54830 LimbourgGround area
1,482 m²
Building footprint
83 m²
Volume, LiDAR
386 m³
Parcel 63046A0575/00K004, Wallonia · tallest building 13.0 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Monschauer Strasse 41, 4700 Eupen
since 19962.076.008.945
EUROFENCING
since 20182.276.647.408
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63046A0575/00K004 | Wallonia | 1,482 m² | 1 · 83 m² | 13.0 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.
Recognitions · licences · registrations
Recognised contractor
3 categoriesEUROFENCING SRL24118
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,631. 1,108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-1996
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
45250
01123
01301Crop and animal production, hunting and related service activities
46900Non-specialised wholesale trade
51900
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 29 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.