FIVE ELEVEN 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 €219k and a net result of €45k. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 2430 sector peers (fiscal year 2025). The company has been active since 2022 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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2430 sector peers (2025).
NBB · sector comparisonPosition among 2430 sector peers
Solvency
better than 25%
← weakest
strongest →
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 29-05-2026, 63 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
63 d early
2024
126 d early
2023
16 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€219k▲ 26.1%
2024 · €174k
2023: €93k
2024: €174k
2023 → 2025
Net result
€45k▼ 43.9%
2024 · €81k
2023: €83k
2024: €81k
2023 → 2025
Total assets
€1.16M▼ 18.8%
2024 · €1.42M
2023: €1.45M
2024: €1.42M
2023 → 2025
Solvency
19.0%▲ 6.8pp
2024 · 12.2%
2023: 6.4%
2024: 12.2%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€93k-€174k▲ 87.1%€219k▲ 26.1%
Operating result€144k-€143k▼ 1.1%€94k▼ 34.3%
Net result€83k-€81k▼ 2.5%€45k▼ 43.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 34% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€968k▼ 13.0%
Current assets
€189k▼ 39.4%
Equity and liabilities €1.16M
Equity
€219k▲ 26.1%
Debt
€937k▼ 25.0%
The debt ratio falls from 87.8% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
19.0%▲
2024 · 12.2%
ROE
20.7%▼
2024 · 46.5%
ROA
3.9%▼
2024 · 5.7%
Debt
€937k▼
2024 · €1.25M
Debt ≤ 1 year
€145k▼
2024 · €327k
Debt > 1 year
€792k▼
2024 · €912k
Income taxes
€15k▼
2024 · €24k
Staff costs
€52k▲
2024 · €52k
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€1.42M€1.16M▼
Fixed assets21/28€1.11M€968k▼
Intangible fixed assets21€1.10M€959k▼
Tangible fixed assets22/27€13k€8k▼
Furniture and vehicles24€13k€8k▼
Current assets29/58€312k€189k▼
Amounts receivable after more than one year29€13k€13k=
Other amounts receivable291€13k€13k=
Amounts receivable within one year40/41€49k€100k▲
Trade receivables40€48k€87k▲
Other amounts receivable41€2k€13k▲
Current investments50/53€107k€54k▼
Cash at bank and in hand54/58€50k€4k▼
Deferred charges and accrued income490/1€93k€18k▼
Equity and liabilities
Total equity and liabilities10/49€1.42M€1.16M▼
Equity10/15€174k€219k▲
Contributions10/11€10k€10k=
Reserves13€164k€209k▲
Distributable reserves133€164k€209k▲
Amounts payable17/49€1.25M€937k▼
Amounts payable after more than one year17€912k€792k▼
Financial debts170/4€912k€792k▼
Amounts payable within one year42/48€327k€145k▼
Current portion of amounts payable after more than one year42€296k€119k▼
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Taxes, remuneration and social security45€15k€7k▼
Taxes450/3€10k€2k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€256€0▼
Accrued charges and deferred income492/3€11k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€52k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€146k€146k▲
Other operating charges640/8€313€1k▲
Gross operating margin9900€341k€293k▼
Operating profit (loss)9901€143k€94k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€40k€38k▼
Recurring financial charges65€40k€38k▼
Profit (loss) for the period before taxes9903€105k€60k▼
Income taxes67/77€24k€15k▼
Profit (loss) for the period9904€81k€45k▼
Profit (loss) for the period to be appropriated9905€81k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€45k▼
Transfer to equity691/2€81k€45k▼
To other reserves6921€81k€45k▼
The notes to these accounts (14 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €45k ▼43.9%
Net result drops to €45k, the lowest in the series.
31-12
Financial
Equity above €200kEq €219k ▲26.1%
3 profitable years in a row build equity to €219k.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €174k ▲87.1%
2 profitable years in a row build equity to €174k.
15-07
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, Sint-Pieters-Leeuw · 1 establishment unit since 2022
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.
Bergensesteenweg 4231600 Sint-Pieters-LeeuwGround area
8,312 m²
Building footprint
1,971 m²
Volume, LiDAR
15,558 m³
Parcel 23582E0505/00E000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Wouters Luc Verzekeringen
since 20222.337.737.117
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,971 m² | 9.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 458 EUR awarded · 458 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 158 EUR | 158 EUR |
| 2024 | 1 | 195 EUR | 195 EUR |
| 2023 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,683 companies in sector 66220 we hold annual accounts for 3,228. 2,810 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2022
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.