Filter Service
ActiveFilter Service has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.49M and a net result of €279k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-7
Solvency100=
Growth49=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €470k at 30 days acceptable
Liquidity ample (current ratio 3.4 against 3.64 in 2024), and 25.2% 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
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
74.8%
Return on assets
3.8%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
34 d early
2023
36 d early
2022
38 d early
2021
41 d early
2020
44 d early
2019
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€12.98M▲ 2.6%
2024 · €12.65M
2018: €10.67M
2019: €11.44M
2020: €13.31M
2021: €13.10M
2022: €13.08M
2023: €13.64M
2024: €12.65M
2018 → 2025
EBIT margin
2.5%▼ 1.0pp
2024 · 3.5%
2018: 5.5%
2019: 6.4%
2020: 7.6%
2021: 8.0%
2022: 6.4%
2023: 4.9%
2024: 3.5%
2018 → 2025
Net result
€279k▼ 26.5%
2024 · €380k
2018: €435k
2019: €510k
2020: €774k
2021: €784k
2022: €599k
2023: €528k
2024: €380k
2018 → 2025
Working capital
€4.39M▲ 0.4%
2024 · €4.37M
2018: €3.18M
2019: €3.39M
2020: €3.85M
2021: €4.23M
2022: €4.53M
2023: €4.59M
2024: €4.37M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.10M-€13.08M▼ 0.1%€13.64M▲ 4.3%€12.65M▼ 7.3%€12.98M▲ 2.6%
Equity€5.15M-€5.44M▲ 5.5%€5.59M▲ 2.8%€5.50M▼ 1.6%€5.49M▼ 0.1%
Operating result€1.05M-€831k▼ 20.5%€671k▼ 19.3%€444k▼ 33.8%€326k▼ 26.5%
Net result€784k-€599k▼ 23.6%€528k▼ 11.8%€380k▼ 28.0%€279k▼ 26.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 26% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.35M
Fixed assets
€1.12M▼ 2.3%
Current assets
€6.23M▲ 3.2%
Equity and liabilities €7.35M
Equity
€5.49M▼ 0.1%
Debt
€1.85M▲ 10.2%
The debt ratio rises from 23.4% to 25.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€578k▼
2024 · €741k
Cash flow
€531k▼
2024 · €678k
Solvency
74.8%▼
2024 · 76.6%
Current ratio
3.40▼
2024 · 3.64
Quick ratio
2.67▼
2024 · 2.89
Debt / equity
0.34▲
2024 · 0.31
ROE
5.1%▼
2024 · 6.9%
ROA
3.8%▼
2024 · 5.3%
Interest coverage
68.75▼
2024 · 96.98
Debt
€1.85M▲
2024 · €1.68M
Debt ≤ 1 year
€1.83M▲
2024 · €1.66M
Debt > 1 year
€0▼
2024 · €21k
Income taxes
€119k▼
2024 · €151k
Staff costs
€2.44M▲
2024 · €2.44M
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€7.18M€7.35M▲
Fixed assets21/28€1.15M€1.12M▼
Intangible fixed assets21€35k€16k▼
Tangible fixed assets22/27€873k€867k▼
Land and buildings22€567k€566k▼
Plant, machinery and equipment23€27k€24k▼
Furniture and vehicles24€278k€277k▼
Financial fixed assets28€242k€241k▼
Other financial fixed assets284/8€242k€241k▼
Shares284€16k€16k=
Amounts receivable and cash guarantees285/8€226k€225k▼
Current assets29/58€6.03M€6.23M▲
Stocks and contracts in progress3€1.24M€1.33M▲
Stocks30/36€1.24M€1.33M▲
Goods purchased for resale34€1.24M€1.33M▲
Amounts receivable within one year40/41€2.29M€2.16M▼
Trade receivables40€2.22M€2.11M▼
Other amounts receivable41€68k€45k▼
Current investments50/53€1.78M€1.52M▼
Other investments51/53€1.78M€1.52M▼
Cash at bank and in hand54/58€698k€1.19M▲
Deferred charges and accrued income490/1€18k€30k▲
Equity and liabilities
Total equity and liabilities10/49€7.18M€7.35M▲
Equity10/15€5.50M€5.49M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€5.42M€5.42M=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€28k€28k=
Distributable reserves133€5.38M€5.38M=
Investment grants15€21k€17k▼
Amounts payable17/49€1.68M€1.85M▲
Amounts payable after more than one year17€21k€0▼
Financial debts170/4€21k€0▼
Credit institutions173€21k€0▼
Amounts payable within one year42/48€1.66M€1.83M▲
Current portion of amounts payable after more than one year42€83k€21k▼
Trade debts44€838k€979k▲
Suppliers440/4€838k€979k▲
Taxes, remuneration and social security45€475k€553k▲
Taxes450/3€200k€256k▲
Remuneration and social security454/9€274k€296k▲
Other amounts payable47/48€262k€279k▲
Accrued charges and deferred income492/3€4k€22k▲
Income statement
Code20242025
Operating income70/76A€13.13M€13.21M▲
Turnover70€12.65M€12.98M▲
Other operating income74€278k€226k▼
Non-recurring operating income76A€200k€0▼
Operating charges60/66A€12.68M€12.88M▲
Goods for resale, raw materials and consumables60€8.53M€8.86M▲
Purchases600/8€8.45M€8.92M▲
Change in stocks: decrease (increase)609€78k€-61k▼
Services and other goods61€1.28M€1.31M▲
Remuneration, social security and pensions62€2.44M€2.44M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€298k€251k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€14k€-24k▼
Other operating charges640/8€121k€42k▼
Non-recurring operating charges66A€53€770▲
Operating profit (loss)9901€444k€326k▼
Financial income75/76B€101k€85k▼
Recurring financial income75€101k€85k▼
Income from current assets751€62k€48k▼
Other financial income752/9€38k€37k▼
Financial charges65/66B€13k€13k▲
Recurring financial charges65€13k€13k▲
Debt charges650€8k€8k▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0-
Other financial charges652/9€6k€5k▼
Profit (loss) for the period before taxes9903€531k€398k▼
Income taxes67/77€151k€119k▼
Taxes670/3€151k€119k▼
Profit (loss) for the period9904€380k€279k▼
Profit (loss) for the period to be appropriated9905€380k€279k▼
Appropriation of the result
Profit (loss) to be appropriated9906€380k€279k▼
Transfer from equity791/2€203k€0▼
From reserves792€203k€0▼
Transfer to equity691/2€118k€0▼
To other reserves6921€118k€0▼
Profit to be distributed694/7€465k€279k▼
Return on contributions (dividend)694€403k€224k▼
Employees696€62k€55k▼
Social balance
Average headcount (FTE)908729.429.4=
The notes to these accounts (76 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €279k ▼26.5%
Net result drops to €279k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €784k ▲1.3%
Operating result €1.05M, net result €784k, both a record.
31-12
Financial
Equity above €5MEq €5.15M ▲10%
4 profitable years in a row build equity to €5.15M.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
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
12 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, Eupen · 1 establishment unit since 1972
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.
Handelsstrasse 164700 Eupen1 establishment unit
Handelsstrasse 16, 4700 Eupen
since 19722.006.665.625
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Exphar
BE 0421.802.718
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VETRINORD
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CORIS BIOCONCEPT
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Of 1,894 companies in sector 46460 we hold annual accounts for 1,114. 546 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1971
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
46492Wholesale trade
51475
47789Other retail sale of new goods
52498
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filings
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.