Fire Coatings
ActiveFire Coatings has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €530k and a net result of €-9k. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▼-21
Solvency74▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.51 in 2024; short-term debt: 50.7% and cash: 0.6% of total assets), but 50.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
87 d late
2023
27 d late
2022
31 d late
2021
61 d late
2020
20 d late
2019
53 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-9k
2024 · €114k
2018: €9k
2019: €27k
2020: €24k
2021: €16k
2022: €31k
2023: €-77k
2024: €114k
2018 → 2025
Working capital
€365k▼ 6.0%
2024 · €388k
2018: €371k
2019: €402k
2020: €431k
2021: €347k
2022: €370k
2023: €306k
2024: €388k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€471k-€502k▲ 6.5%€425k▼ 15.4%€538k▲ 26.8%€530k▼ 1.6%
Operating result€30k-€52k▲ 72.1%€-61k€154k€1k▼ 99.2%
Net result€16k-€31k▲ 93.8%€-77k€114k€-9k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€165k▲ 9.8%
Current assets
€911k▲ 41.2%
Equity and liabilities €1.08M
Equity
€530k▼ 1.6%
Debt
€546k▲ 113%
The debt ratio rises from 32.3% to 50.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€55k▼
2024 · €191k
Cash flow
€46k▼
2024 · €151k
Solvency
49.3%▼
2024 · 67.7%
Current ratio
1.67▼
2024 · 2.51
Quick ratio
1.19▼
2024 · 1.86
Debt / equity
1.03▲
2024 · 0.48
ROE
-1.6%▼
2024 · 21.1%
ROA
-0.8%▼
2024 · 14.3%
Interest coverage
5.82▼
2024 · 9.76
Debt
€546k▲
2024 · €257k
Debt ≤ 1 year
€546k▲
2024 · €257k
Income taxes
€305▼
2024 · €21k
Staff costs
€0▼
2024 · €21k
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€795k€1.08M▲
Fixed assets21/28€150k€165k▲
Intangible fixed assets21€108k€89k▼
Tangible fixed assets22/27€42k€76k▲
Furniture and vehicles24-€55k
Other tangible fixed assets26€42k€21k▼
Current assets29/58€645k€911k▲
Stocks and contracts in progress3€167k€264k▲
Stocks30/36€167k€264k▲
Amounts receivable within one year40/41€467k€633k▲
Trade receivables40€305k€254k▼
Other amounts receivable41€162k€379k▲
Cash at bank and in hand54/58-€7k
Deferred charges and accrued income490/1€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€795k€1.08M▲
Equity10/15€538k€530k▼
Contributions10/11€212k€212k=
Capital10€212k€212k=
Issued capital100€212k€212k=
Reserves13€326k€326k=
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Distributable reserves133€305k€305k=
Profit (loss) carried forward14€0€-9k▼
Amounts payable17/49€257k€546k▲
Amounts payable within one year42/48€257k€546k▲
Financial debts43€151k€151k▲
Credit institutions430/8€151k€151k▲
Trade debts44€19k€395k▲
Suppliers440/4€19k€395k▲
Taxes, remuneration and social security45€67k€305▼
Taxes450/3€67k€305▼
Other amounts payable47/48€20k€0▼
Income statement
Code20242025
Non-recurring operating income76A€13k€0▼
Remuneration, social security and pensions62€21k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€54k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-17k€-3k▲
Other operating charges640/8€18k€687▼
Gross operating margin9900€213k€53k▼
Operating profit (loss)9901€154k€1k▼
Financial income75/76B€131€98▼
Recurring financial income75€131€98▼
Financial charges65/66B€20k€10k▼
Recurring financial charges65€20k€10k▼
Profit (loss) for the period before taxes9903€135k€-8k▼
Income taxes67/77€21k€305▼
Profit (loss) for the period9904€114k€-9k▼
Profit (loss) for the period to be appropriated9905€114k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€-9k▼
Profit (loss) brought forward from the previous period14P€-77k€0▲
Transfer to equity691/2€36k€0▼
To other reserves6921€36k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (23 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
27-08
State Gazette act
Resignations & appointmentsGeneral meeting · Board meeting · Director resignation7 facts ▸
State Gazette act
Resignations & appointments
General meeting · Board meeting · Director resignation7 facts ▸
- General meeting, 2026-07-01
- Board meeting, 2026-07-01
- Director resignation, Guido Van Pée (bestuurder en gedelegeerd bestuurder)
- Director reappointment, Steven Saelen (bestuurder)
- Mandate compensation, Steven Saelen
- Director appointment, Patrick Van Pée (bestuurder)
- Director appointment, Patrick Van Pée (gedelegeerd bestuurder)
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
26-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 87 days late
2024
31-12
Financial
Back to profitnet €114k
Net result €114k after one loss-making year.
31-12
Financial
Equity above €500kEq €538k ▲26.8%
Equity rises from €425k to €538k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-77k ▼351%
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €500kEq €502k ▲6.5%
5 profitable years in a row build equity to €502k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 53 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 21.68
Current ratio from 10.21 to 21.68; short-term debt falls from €40k to €19k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Patrick Van Pée
CurrentManaging director · since 01-07-2026
Steven Saelen
CurrentDirector · since 01-07-2026
01-07-2026
Patrick Van Pée: Appointed as Managing director
01-07-2026
Patrick Van Pée: Appointed as Director
01-07-2026
Steven Saelen: Mandate renewed as Director
01-07-2026
Guido Van Pée: Resigned as Bestuurder en gedelegeerd bestuurder
Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 2000
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.
Brusselsesteenweg 103020 HerentGround area
8,437 m²
Building footprint
3,417 m²
Volume, LiDAR
19,084 m³
Parcel 24423I0057/00Z002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brusselsesteenweg 10, 3020 Herent
since 20002.099.515.411
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24423I0057/00Z002 | Flanders | 8,437 m² | 1 · 3,417 m² | 7.6 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
Farmafyt
BE 0882.541.137
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GEOFOOD
BE 0836.062.497
Beveren-Kruibeke-Zwijndrecht · Eq €534k
CARRETTE TRADEPARTNERS
BE 0721.458.086
Kortrijk · Eq €526k
Juco-Invest
BE 0644.910.537
Ardooie · Eq €525k
New Matrix
BE 0878.776.745
Hasselt · Eq €536k
Of 1,641 companies in sector 46170 we hold annual accounts for 671. 363 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-03-2000
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bimartrd@telenet.be
Phone:016/234992