FACTORY
ActiveFACTORY has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €314k and a net result of €98k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 820 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
68
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency34=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.2 in 2024), and 78.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 41
Relative position
BE, all sectors
reference
Sector 41
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
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
21.1%
Return on assets
6.5%
Age of the figures
14 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €314k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-03-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
47 d late
2024
76 d late
2023
1 d early
2022
6 d early
2021
7 d early
2020
2 d early
2019
59 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 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€98k▼ 52.6%
2024 · €206k
2019: €72k
2020: €-80k
2021: €66k
2022: €106k
2023: €7k
2024: €206k
2019 → 2025
Working capital
€314k▲ 106%
2024 · €153k
2019: €-156k
2020: €-241k
2021: €-163k
2022: €-47k
2023: €-30k
2024: €153k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-103k-€3k€11k▲ 205%€217k▲ 1,961%€314k▲ 45.1%
Operating result€91k-€129k▲ 41.7%€13k▼ 90.3%€306k▲ 2,347%€140k▼ 54.3%
Net result€66k-€106k▲ 61.1%€7k▼ 93.3%€206k▲ 2,817%€98k▼ 52.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.49M
Fixed assets
€67k▼ 23.4%
Current assets
€1.43M▲ 55.9%
Equity and liabilities €1.49M
Equity
€314k▲ 45.1%
Debt
€1.18M▲ 50.0%
The debt ratio rises from 78.4% to 78.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€164k▼
2024 · €320k
Cash flow
€121k▼
2024 · €220k
Solvency
21.1%▼
2024 · 21.6%
Current ratio
1.28▲
2024 · 1.20
Quick ratio
1.16▲
2024 · 1.02
Debt / equity
3.75▲
2024 · 3.63
ROE
31.1%▼
2024 · 95.1%
ROA
6.5%▼
2024 · 20.6%
Interest coverage
125.07▲
2024 · 46.03
Debt
€1.18M▲
2024 · €786k
Debt ≤ 1 year
€1.11M▲
2024 · €762k
Debt > 1 year
€67k▲
2024 · €24k
Income taxes
€41k▼
2024 · €82k
Staff costs
€44k
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€1.00M€1.49M▲
Fixed assets21/28€88k€67k▼
Tangible fixed assets22/27€67k€43k▼
Plant, machinery and equipment23€23k€15k▼
Furniture and vehicles24€44k€29k▼
Financial fixed assets28€21k€24k▲
Current assets29/58€914k€1.43M▲
Stocks and contracts in progress3€135k€136k▲
Stocks30/36€135k€136k▲
Amounts receivable within one year40/41€651k€1.26M▲
Trade receivables40€236k€684k▲
Other amounts receivable41€415k€578k▲
Cash at bank and in hand54/58€128k€28k▼
Equity and liabilities
Total equity and liabilities10/49€1.00M€1.49M▲
Equity10/15€217k€314k▲
Contributions10/11€19k€19k=
Reserves13€23k€23k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€175k€273k▲
Amounts payable17/49€786k€1.18M▲
Amounts payable after more than one year17€24k€67k▲
Financial debts170/4€24k€67k▲
Amounts payable within one year42/48€762k€1.11M▲
Current portion of amounts payable after more than one year42€22k€35k▲
Trade debts44€454€389k▲
Suppliers440/4€454€389k▲
Taxes, remuneration and social security45€73k€105k▲
Taxes450/3€73k€105k▲
Other amounts payable47/48€666k€582k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€44k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€23k▲
Other operating charges640/8€4k€6k▲
Gross operating margin9900€324k€213k▼
Operating profit (loss)9901€306k€140k▼
Financial income75/76B€4k€248▼
Recurring financial income75€8€248▲
Non-recurring financial income76B€4k-
Financial charges65/66B€22k€2k▼
Recurring financial charges65€7k€1k▼
Non-recurring financial charges66B€15k€300▼
Profit (loss) for the period before taxes9903€288k€139k▼
Income taxes67/77€82k€41k▼
Profit (loss) for the period9904€206k€98k▼
Profit (loss) for the period to be appropriated9905€206k€98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€175k€273k▲
Profit (loss) brought forward from the previous period14P€-31k€175k▲
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (9 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 47 days late
2025
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 76 days late
2024
30-06
Financial
Highest result since 2019net €206k ▲2817%
Operating result €306k, net result €206k, both a record.
30-06
Financial
Equity above €200kEq €217k ▲1961%
4 profitable years in a row build equity to €217k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet €-80k ▼211%
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 125 days late
2018
01-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
16-01
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
10 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, Vorst · 1 establishment unit since 2003
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.
Ukkelse laan 481190 VorstGround area
797 m²
Building footprint
411 m²
Volume, LiDAR
1,681 m³
2 parcels, Brussels · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FACTORY
since 20032.126.927.314
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0267/00P036 | Brussels | 547 m² | 1 · 161 m² | 5.1 m |
| 21382C0227/00M015 | Brussels | 250 m² | 1 · 251 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
ADJ INVEST
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BE 0871.586.966
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RNEW
BE 0755.557.150
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Bouwonderneming Vervloesem Marc
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A & E-Tech
BE 0548.708.016
Waasmunster · Eq €314k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,868. 10,739 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2002
Fiscal year end30-06
Trade name FR
IMMO-Factory ITALY
Activities, NACEBEL
41001General construction of residential buildings
50103
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.