FIRMA
ActiveSummary
The computed 12-month bankruptcy probability of FIRMA is 3.9% (moderate). The 2025 annual accounts show equity of €38k and a net result of €16k. Equity is growing by ~49.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 13305 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+4
Solvency37▲+6
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.35 in 2024; short-term debt: 73.7% and cash: 36.8% of total assets), and 88% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
12%
Return on assets
5%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
24 d early
2024
58 d early
2023
42 d early
← 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
Equity
€38k▲ 71.8%
2024 · €22k
2023: €16k
2024: €22k
2023 → 2025
Total assets
€318k▼ 16.1%
2024 · €379k
2023: €376k
2024: €379k
2023 → 2025
Net result
€16k▲ 170%
2024 · €6k
2023: €14k
2024: €6k
2023 → 2025
Working capital
€-106k▲ 45.9%
2024 · €-196k
2023: €-274k
2024: €-196k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€16k-€22k▲ 36.3%€38k▲ 71.8%
Operating result€21k-€12k▼ 45.0%€25k▲ 116%
Net result€14k-€6k▼ 57.1%€16k▲ 170%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€190k ▼ 30.5%
Current assets
€128k ▲ 21.2%
Equity and liabilities €318k
Equity
€38k ▲ 71.8%
Debt
€280k ▼ 21.5%
Debt's share of the balance-sheet total falls from 94.2% to 88.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €93k
Cash flow
€99k▲
2024 · €88k
Current ratio
0.55▲
2024 · 0.35
Quick ratio
0.54▲
2024 · 0.34
Debt to equity
7.37▼
2024 · 16.13
ROE
41.8%▲
2024 · 26.6%
ROA
5.0%▲
2024 · 1.6%
Interest coverage
32.96▲
2024 · 30.55
Debt ≤ 1 year
€234k▼
2024 · €302k
Income taxes
€6k▲
2024 · €3k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€379k€318k▼
Fixed assets21/28€273k€190k▼
Intangible fixed assets21€214k€148k▼
Tangible fixed assets22/27€59k€42k▼
Plant, machinery and equipment23€45k€32k▼
Furniture and vehicles24€14k€10k▼
Current assets29/58€106k€128k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€5k€1k▼
Trade receivables40€5k€1k▼
Other amounts receivable41€379€306▼
Cash at bank and in hand54/58€93k€117k▲
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€379k€318k▼
Equity10/15€22k€38k▲
Contributions10/11€3k€3k=
Reserves13€20k€36k▲
Distributable reserves133€20k€36k▲
Amounts payable17/49€357k€280k▼
Amounts payable within one year42/48€302k€234k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€8k▼
Other amounts payable47/48€292k€224k▼
Accrued charges and deferred income492/3€55k€46k▼
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€83k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€95k€110k▲
Operating profit (loss)9901€12k€25k▲
Financial income75/76B€155€273▲
Recurring financial income75€155€273▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€9k€22k▲
Income taxes67/77€3k€6k▲
Profit (loss) for the period9904€6k€16k▲
Profit (loss) for the period to be appropriated9905€6k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€16k▲
Transfer to equity691/2€6k€16k▲
To other reserves6921€6k€16k▲
The notes to these accounts (11 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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €16k ▲170%
Operating result €25k, net result €16k, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €6k ▼57.1%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kuurne · 1 establishment unit since 2023
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.
Bondgenotenlaan 118520 KuurneGround area
742 m²
Building footprint
255 m²
Volume, LiDAR
1,435 m³
2 parcels, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FIRMA
since 20232.342.398.065
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0379/00G004 | Flanders | 500 m² | 1 · 174 m² | 11.2 m · 1 fl. |
| 34352F0722/00P010 | Flanders | 242 m² | 1 · 80 m² | 11.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.342.398.065
Similar companies · same sector, comparable size
ABGAR
BE 0476.025.223
Brussel · Eq €37,993
BAR'COIFF
BE 0770.467.733
Leuze-en-Hainaut · Eq €37,983
BRASSERIE AU POINT DE VUE
BE 0661.977.983
Liège · Eq €37,975
DAWAG
BE 0842.898.326
Etterbeek · Eq €37,959
BARLOU
BE 0502.793.263
Gent · Eq €37,944
Of 14,018 companies in sector 56301 we hold annual accounts for 4,891. 4,101 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
Founded27-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
25110Manufacture of metal structures and parts of structures
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.