FIRAT (2)
ActiveSummary
FIRAT (2) has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €22k. Equity is growing by ~52.4% per year across the filed fiscal years. Its solvency ranks better than 68% of 2544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+9
Solvency83▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.57 against 4.48 in 2024; short-term debt: 16.5% and cash: 51.1% of total assets), and 42.2% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
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
57.8%
Return on assets
20.4%
Age of the figures
9 mo
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
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
31 d early
2023
55 d early
2022
47 d early
2021
48 d early
2020
84 d late
2019
449 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€22k▲ 241%
2024 · €6k
2018: €4k
2019: €11k
2020: €7k
2021: €14k
2022: €14k
2023: €16k
2024: €6k
2018 → 2025
Working capital
€45k▲ 30.7%
2024 · €34k
2018: €-34k
2019: €-20k
2020: €-28k
2021: €-10k
2022: €8k
2023: €27k
2024: €34k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3k-€17k▲ 450%€33k▲ 94.3%€39k▲ 19.1%€61k▲ 54.7%
Operating result€14k-€14k▼ 2.7%€20k▲ 39.2%€12k▼ 40.2%€25k▲ 114%
Net result€14k-€14k▼ 3.2%€16k▲ 15.3%€6k▼ 60.7%€22k▲ 241%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 114% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €106k
Fixed assets
€43k ▲ 748%
Current assets
€62k ▲ 41.0%
Equity and liabilities €106k
Equity
€61k ▲ 54.7%
Debt
€45k ▲ 352%
Debt's share of the balance-sheet total rises from 20.0% to 42.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €19k
Cash flow
€26k▲
2024 · €14k
Current ratio
3.57▼
2024 · 4.48
Quick ratio
3.09▼
2024 · 3.84
Debt to equity
0.73▲
2024 · 0.25
ROE
35.4%▲
2024 · 16.0%
ROA
20.4%▲
2024 · 12.8%
Interest coverage
68.95▼
2024 · 106.77
Debt ≤ 1 year
€17k▲
2024 · €10k
Debt > 1 year
€27k
Income taxes
€3k▼
2024 · €5k
Staff costs
€9k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€49k€106k▲
Fixed assets21/28€5k€43k▲
Tangible fixed assets22/27€5k€43k▲
Furniture and vehicles24€5k€43k▲
Current assets29/58€44k€62k▲
Stocks and contracts in progress3€6k€8k▲
Stocks30/36€6k€8k▲
Amounts receivable within one year40/41€2k-
Other amounts receivable41€2k-
Cash at bank and in hand54/58€36k€54k▲
Deferred charges and accrued income490/1€130-
Equity and liabilities
Total equity and liabilities10/49€49k€106k▲
Equity10/15€39k€61k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Profit (loss) carried forward14€33k€55k▲
Amounts payable17/49€10k€45k▲
Amounts payable after more than one year17-€27k
Financial debts170/4-€27k
Amounts payable within one year42/48€10k€17k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€16k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€36k€40k▲
Operating profit (loss)9901€12k€25k▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€179€428▲
Recurring financial charges65€179€428▲
Profit (loss) for the period before taxes9903€12k€25k▲
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€6k€22k▲
Profit (loss) for the period to be appropriated9905€6k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€55k▲
Profit (loss) brought forward from the previous period14P€27k€33k▲
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €22k ▲241%
Operating result €25k, net result €22k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 12current ratio 4.18
Current ratio from 0.36 to 4.18; short-term debt falls from €16k to €2k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 84 days late
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 449 days late
2019
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 34 days late
2017
04-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 35 days late
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 92 days late
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, Sint-Jans-Molenbeek · 1 establishment unit since 2020
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.
Van Malderstraat 901080 Sint-Jans-MolenbeekGround area
316 m²
Building footprint
314 m²
Volume, LiDAR
2,006 m³
Parcel 21523B0796/00L002, Brussels · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Van Malderstraat 90, 1080 Sint-Jans-Molenbeek
since 20202.314.301.125
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0796/00L002 | Brussels | 316 m² | 1 · 314 m² | 8.9 m · 2 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
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DAVO BANDENCENTRALE
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VIGAMO
BE 0760.372.508
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Of 1,000 companies in sector 95315 we hold annual accounts for 427. 318 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
95315Tyre services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.