EXPLORERS
ActiveEXPLORERS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €2k. Equity is growing by ~49.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 1295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38=
Solvency42▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 1.09 in 2024; short-term debt: 31% and cash: 7.4% of total assets), but 83.2% 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
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
16.8%
Return on assets
0.4%
Age of the figures
13 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 25-02-2026, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
34 d early
2024
11 d early
2022
2 d early
2021
1 d early
2020
on the day
2019
on the day
2018
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close18-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▲ 162%
2024 · €32k
2018: €6k
2019: €9k
2020: €12k
2021: €8k
2022: €7k
2024: €32k
2018 → 2025
Total assets
€499k▲ 0.8%
2024 · €495k
2018: €7k
2019: €10k
2020: €13k
2021: €9k
2022: €7k
2024: €495k
2018 → 2025
Net result
€2k▲ 2,067%
2024 · €87
2018: €399
2019: €3k
2020: €3k
2021: €-3k
2022: €-1k
2024: €87
2018 → 2025
Working capital
€345k▲ 746%
2024 · €41k
2018: €6k
2019: €9k
2020: €12k
2021: €8k
2022: €7k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€12k-€8k▼ 29.1%€7k▼ 17.5%€32k▲ 364%€84k▲ 162%
Operating result€3k-€-3k€-1k▲ 57.9%€6k€5k▼ 18.8%
Net result€3k-€-3k€-1k▲ 57.3%€87€2k▲ 2,067%
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 falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €499k
Equity
€84k▲ 162%
Debt
€415k▼ 10.3%
The debt ratio falls from 93.5% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
16.8%▲
2024 · 6.5%
Current ratio
3.23▲
2024 · 1.09
Quick ratio
3.23▲
2024 · 1.09
Debt / equity
4.95▼
2024 · 14.48
ROE
2.2%▲
2024 · 0.3%
ROA
0.4%▲
2024 · 0.0%
Debt
€415k▼
2024 · €463k
Debt ≤ 1 year
€155k▼
2024 · €454k
Income taxes
€746
Staff costs
€3k▲
2024 · €3k
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€495k€499k▲
Current assets29/58€495k€499k▲
Amounts receivable within one year40/41€457k€379k▼
Trade receivables40€448k€379k▼
Other amounts receivable41€9k-
Cash at bank and in hand54/58€38k€37k▼
Deferred charges and accrued income490/1-€83k
Equity and liabilities
Total equity and liabilities10/49€495k€499k▲
Equity10/15€32k€84k▲
Contributions10/11€31k€81k▲
Outside capital11€31k€81k▲
Other1109/19€31k€81k▲
Reserves13€126€126=
Distributable reserves133€126€126=
Profit (loss) carried forward14€653€3k▲
Amounts payable17/49€463k€415k▼
Amounts payable after more than one year17€9k-
Financial debts170/4€9k-
Amounts payable within one year42/48€454k€155k▼
Current portion of amounts payable after more than one year42€51k€13k▼
Trade debts44€46k€53k▲
Suppliers440/4€46k€53k▲
Advances received on contracts in progress46€357k€68k▼
Taxes, remuneration and social security45-€20k
Taxes450/3-€19k
Remuneration and social security454/9-€490
Accrued charges and deferred income492/3-€261k
Income statement
Code20242025
Remuneration, social security and pensions62€3k€3k▲
Gross operating margin9900€9k€8k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€20€375▲
Recurring financial income75€20€375▲
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€87€3k▲
Income taxes67/77-€746
Profit (loss) for the period9904€87€2k▲
Profit (loss) for the period to be appropriated9905€87€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€653€3k▲
Profit (loss) brought forward from the previous period14P€566€653▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-08
Financial
Liquidity triplescurrent ratio 3.23
Current ratio from 1.09 to 3.23; short-term debt falls from €454k to €155k.
20-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Back to profitnet €87
Net result €87 after 2 loss-making years.
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-3k ▼212%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €3k ▲16.2%
Net result €3k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated 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, Gent · 1 establishment unit since 2016
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.
Sportstraat 2709000 GentGround area
141 m²
Building footprint
108 m²
Volume, LiDAR
928 m³
Parcel 44809I0244/00L007, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Explorers
since 20162.253.827.563
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0244/00L007 | Flanders | 141 m² | 1 · 108 m² | 10.2 m · 3 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.
Similar companies · same sector, comparable size
HOSTELLERIE TEN LANDE
BE 0461.297.554
Beernem · Eq €84k
DE ROUCK - MOBERS
BE 0666.846.393
Plombières · Eq €84k
Zuivel 9
BE 0783.952.416
Hasselt · Eq €85k
GYA
BE 0644.762.364
Maasmechelen · Eq €83k
ASTORIA HOTELS
BE 0738.544.241
De Haan · Eq €83k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 1,017 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2016
Fiscal year end31-08
Activities, NACEBEL
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.