FINANCIAL WORK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.11M and a net result of €242k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 2420 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 11-03-2026, 142 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
142 d early
2024
59 d early
2023
36 d early
2022
45 d early
2021
48 d early
2020
169 d early
2019
120 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.11M▲ 27.9%
2024 · €866k
2018: €75k
2019: €157k
2020: €246k
2021: €397k
2022: €450k
2023: €649k
2024: €866k
2018 → 2025
Net result
€242k▲ 11.3%
2024 · €217k
2018: €57k
2019: €82k
2020: €89k
2021: €151k
2022: €153k
2023: €199k
2024: €217k
2018 → 2025
Total assets
€1.19M▲ 27.0%
2024 · €938k
2018: €92k
2019: €200k
2020: €280k
2021: €448k
2022: €529k
2023: €715k
2024: €938k
2018 → 2025
Solvency
93.0%▲ 0.7pp
2024 · 92.3%
2018: 81.6%
2019: 78.6%
2020: 87.9%
2021: 88.6%
2022: 85.1%
2023: 90.8%
2024: 92.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€397k-€450k▲ 13.4%€649k▲ 44.2%€866k▲ 33.5%€1.11M▲ 27.9%
Operating result€196k-€201k▲ 2.6%€262k▲ 30.0%€286k▲ 9.3%€323k▲ 12.8%
Net result€151k-€153k▲ 1.6%€199k▲ 30.0%€217k▲ 9.2%€242k▲ 11.3%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€295k▼ 10.6%
Current assets
€896k▲ 47.3%
Equity and liabilities €1.19M
Equity
€1.11M▲ 27.9%
Debt
€83k▲ 15.6%
The debt ratio falls from 7.7% to 7.0%. Equity and debt are higher.
Key figures and ratios
Solvency
93.0%▲
2024 · 92.3%
ROE
21.8%▼
2024 · 25.1%
ROA
20.3%▼
2024 · 23.1%
Debt
€83k▲
2024 · €72k
Debt ≤ 1 year
€83k▲
2024 · €72k
Income taxes
€78k▲
2024 · €69k
Staff costs
€16k▲
2024 · €16k
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€938k€1.19M▲
Fixed assets21/28€329k€295k▼
Tangible fixed assets22/27€329k€295k▼
Land and buildings22€209k€207k▼
Plant, machinery and equipment23€935-
Furniture and vehicles24€119k€88k▼
Current assets29/58€609k€896k▲
Amounts receivable within one year40/41€177k€157k▼
Trade receivables40€32k€43k▲
Other amounts receivable41€145k€114k▼
Cash at bank and in hand54/58€432k€739k▲
Equity and liabilities
Total equity and liabilities10/49€938k€1.19M▲
Equity10/15€866k€1.11M▲
Contributions10/11€19k€19k=
Reserves13€10k€10k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Profit (loss) carried forward14€837k€1.08M▲
Amounts payable17/49€72k€83k▲
Amounts payable within one year42/48€72k€83k▲
Trade debts44€171€1k▲
Suppliers440/4€171€1k▲
Taxes, remuneration and social security45€71k€81k▲
Taxes450/3€69k€78k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€1k€1k▲
Income statement
Code20242025
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€16k€16k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€41k▲
Other operating charges640/8€8k€400▼
Gross operating margin9900€346k€380k▲
Operating profit (loss)9901€286k€323k▲
Financial income75/76B-€30
Recurring financial income75-€30
Financial charges65/66B€311€3k▲
Recurring financial charges65€311€3k▲
Profit (loss) for the period before taxes9903€286k€320k▲
Income taxes67/77€69k€78k▲
Profit (loss) for the period9904€217k€242k▲
Profit (loss) for the period to be appropriated9905€217k€242k▲
Appropriation of the result
Profit (loss) to be appropriated9906€837k€1.08M▲
Profit (loss) brought forward from the previous period14P€620k€837k▲
Social balance
Average headcount (FTE)90870.5-
The notes to these accounts (5 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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €242k ▲11.3%
Operating result €323k, net result €242k, both a record.
31-12
Financial
Equity above €1MEq €1.11M ▲27.9%
8 profitable years in a row build equity to €1.11M.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €649k ▲44.2%
6 profitable years in a row build equity to €649k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 6.56
Current ratio from 3.25 to 6.56; short-term debt falls from €43k to €34k.
31-12
Financial
Equity above €200kEq €246k ▲56.8%
3 profitable years in a row build equity to €246k.
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €157k ▲108%
2 profitable years in a row build equity to €157k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Grimbergen · 1 establishment unit since 2017
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.
Hoeveland 271850 GrimbergenGround area
634 m²
Building footprint
152 m²
Parcel 23402D0326/00S000, Flanders. Linked by address, not a title deed.
1 establishment unit
FINANCIAL WORK
since 20172.271.285.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402D0326/00S000 | Flanders | 634 m² | 1 · 152 m² | - |
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
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HEVA
BE 0435.002.933
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Akkernest
BE 0809.115.996
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CHERDON FINANCE
BE 0641.851.275
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Of 1,510 companies in sector 66199 we hold annual accounts for 918. 507 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2017
Fiscal year end31-12
Activities, NACEBEL
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.