FIRES
ActiveSummary
The computed 12-month bankruptcy probability of FIRES is 1.7% (moderate). The 2025 annual accounts show negative equity (€-57k) and a net result of €-9k. Equity is shrinking by ~39.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 18400 sector peers (fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth40=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.22 in 2024; short-term debt: 305% and cash: 34.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-205%
Return on assets
-33.2%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-57k
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
5 d late
2023
27 d late
2022
1 d late
2021
26 d late
2020
36 d early
2019
10 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€130k▲ 37.1%
2019 · €95k
2018: €115k
2019: €95k
2018 → 2020
EBIT margin
23.2%▲ 25.1pp
2019 · -1.8%
2018: 37.3%
2019: -1.8%
2018 → 2020
Net result
€-9k▼ 14.8%
2024 · €-8k
2018: €31k
2019: €-3k
2020: €19k
2021: €-15k
2022: €-33k
2023: €-5k
2024: €-8k
2018 → 2025
Working capital
€-64k▼ 12.9%
2024 · €-57k
2018: €42k
2019: €36k
2020: €32k
2021: €-7k
2022: €-38k
2023: €-43k
2024: €-57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-35k▼ 1,851%€-39k▼ 13.9%€-47k▼ 20.3%€-57k▼ 19.3%
Operating result€-12k-€-21k▼ 73.7%€-3k▲ 85.7%€-6k▼ 117%€-8k▼ 24.4%
Net result€-15k-€-33k▼ 116%€-5k▲ 85.3%€-8k▼ 66.1%€-9k▼ 14.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€7k ▼ 19.9%
Current assets
€20k ▲ 24.4%
Key figures and ratios
EBITDA
€-6k▼
2024 · €-5k
Cash flow
€-7k▼
2024 · €-6k
Solvency
-205.0%▼
2024 · -185.9%
Current ratio
0.24▲
2024 · 0.22
Debt to equity
-1.49▲
2024 · -1.54
ROA
-33.2%▼
2024 · -31.3%
Interest coverage
-6.76▼
2024 · -3.85
Debt
€84k▲
2024 · €73k
Debt ≤ 1 year
€84k▲
2024 · €73k
Income taxes
€342▼
2024 · €392
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25k€28k▲
Fixed assets21/28€9k€7k▼
Tangible fixed assets22/27€9k€7k▼
Furniture and vehicles24€2k€690▼
Other tangible fixed assets26€7k€6k▼
Financial fixed assets28€600€600=
Current assets29/58€16k€20k▲
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€9k€7k▼
Other amounts receivable41-€880
Current investments50/53€29€29=
Cash at bank and in hand54/58€5k€9k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€25k€28k▲
Equity10/15€-47k€-57k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-50k€-59k▼
Amounts payable17/49€73k€84k▲
Amounts payable within one year42/48€73k€84k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€883€262▼
Taxes450/3€883€262▼
Other amounts payable47/48€67k€77k▲
Income statement
Code20242025
Non-recurring operating income76A-€60
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€927
Gross operating margin9900€-3k€-3k▼
Operating profit (loss)9901€-6k€-8k▼
Financial charges65/66B€1k€898▼
Recurring financial charges65€1k€898▼
Profit (loss) for the period before taxes9903€-8k€-9k▼
Income taxes67/77€392€342▼
Profit (loss) for the period9904€-8k€-9k▼
Profit (loss) for the period to be appropriated9905€-8k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-59k▼
Profit (loss) brought forward from the previous period14P€-42k€-50k▼
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Watermaal-Bosvoorde · 1 establishment unit since 1995
Ground area
5,100 m²
Building footprint
659 m²
Volume, LiDAR
8,458 m³
2 parcels, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Kolonel Bourgstraat 160, 1140 Evere
since 19952.030.410.730
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0057/00L012 | Brussels | 3,901 m² | 1 · 196 m² | 13.3 m · 4 fl. |
| 21372C0109/00H004 | Brussels | 1,198 m² | 1 · 463 m² | 17.2 m · 5 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.
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Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 1,059 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
Founded01-11-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.