Five Twenty Eight
ActiveFive Twenty Eight has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.17M and a net result of €255k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 61% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▲+3
Solvency69▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.31 in 2024; short-term debt: 12.5% and cash: 0.9% of total assets), and 55.6% 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
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
44.4%
Return on assets
5.2%
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 06-05-2026, 86 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
86 d early
2024
159 d late
2023
79 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.17M▲ 13.3%
2024 · €1.92M
2023: €1.67M
2024: €1.92M
2023 → 2025
Total assets
€4.89M▲ 0.7%
2024 · €4.86M
2023: €4.85M
2024: €4.86M
2023 → 2025
Net result
€255k▲ 4.1%
2024 · €245k
2023: €167k
2024: €245k
2023 → 2025
Working capital
€-510k▼ 44.5%
2024 · €-353k
2023: €-256k
2024: €-353k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€1.67M-€1.92M▲ 14.6%€2.17M▲ 13.3%
Operating result€291k-€443k▲ 52.3%€443k▲ 0.1%
Net result€167k-€245k▲ 47.0%€255k▲ 4.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.89M
Fixed assets
€4.79M▲ 1.9%
Current assets
€100k▼ 35.5%
Equity and liabilities €4.89M
Equity
€2.17M▲ 13.3%
Debt
€2.72M▼ 7.6%
The debt ratio falls from 60.5% to 55.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€443k▲
2024 · €443k
Cash flow
€255k▲
2024 · €245k
Solvency
44.4%▲
2024 · 39.5%
Current ratio
0.16▼
2024 · 0.31
Quick ratio
0.16▼
2024 · 0.31
Debt / equity
1.25▼
2024 · 1.53
ROE
11.7%▼
2024 · 12.8%
ROA
5.2%▲
2024 · 5.0%
Interest coverage
4.21▲
2024 · 3.81
Debt
€2.72M▼
2024 · €2.94M
Debt ≤ 1 year
€611k▲
2024 · €509k
Debt > 1 year
€2.08M▼
2024 · €2.41M
Income taxes
€85k▲
2024 · €82k
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€4.86M€4.89M▲
Formation expenses20€268€142▼
Fixed assets21/28€4.70M€4.79M▲
Financial fixed assets28€4.70M€4.79M▲
Current assets29/58€155k€100k▼
Amounts receivable within one year40/41€143k€52k▼
Trade receivables40€13k€22k▲
Other amounts receivable41€130k€30k▼
Cash at bank and in hand54/58€12k€46k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€4.86M€4.89M▲
Equity10/15€1.92M€2.17M▲
Contributions10/11€1.51M€1.51M=
Profit (loss) carried forward14€411k€666k▲
Amounts payable17/49€2.94M€2.72M▼
Amounts payable after more than one year17€2.41M€2.08M▼
Financial debts170/4€2.41M€2.08M▼
Amounts payable within one year42/48€509k€611k▲
Current portion of amounts payable after more than one year42€347k€360k▲
Trade debts44€969€218▼
Suppliers440/4€969€218▼
Taxes, remuneration and social security45€161k€208k▲
Taxes450/3€161k€208k▲
Other amounts payable47/48-€42k
Accrued charges and deferred income492/3€19k€27k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126€126=
Other operating charges640/8€904€1k▲
Gross operating margin9900€444k€444k▲
Operating profit (loss)9901€443k€443k▲
Financial income75/76B€110€2k▲
Recurring financial income75€110€2k▲
Financial charges65/66B€116k€105k▼
Recurring financial charges65€116k€105k▼
Profit (loss) for the period before taxes9903€326k€340k▲
Income taxes67/77€82k€85k▲
Profit (loss) for the period9904€245k€255k▲
Profit (loss) for the period to be appropriated9905€245k€255k▲
Appropriation of the result
Profit (loss) to be appropriated9906€411k€666k▲
Profit (loss) brought forward from the previous period14P€167k€411k▲
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
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 159 days late
2025
31-12
Financial
Highest result since 2023net €255k ▲4.1%
Operating result €443k, net result €255k, both a record.
31-12
Financial
Equity above €2MEq €2.17M ▲13.3%
3 profitable years in a row build equity to €2.17M.
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 79 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waregem · 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.
Groenbek 328790 WaregemGround area
1.8 ha
Building footprint
2,744 m²
Volume, LiDAR
3,879 m³
2 parcels, Flanders · tallest building 19.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
POMPI
since 20222.335.618.161
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34037B0799/00D000 | Flanders | 1.4 ha | 1 · 269 m² | 19.7 m · 4 fl. |
| 34453E0205/00G007 | Flanders | 4,236 m² | 1 · 2,475 m² | 3.0 m |
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.
Similar companies · same sector, comparable size
I-DYLE CONSTRUCT
BE 0612.951.710
Wavre · Eq €2.17M
Pallen Properties
BE 0443.108.173
Knokke-Heist · Eq €2.17M
SAND
BE 0476.763.116
Beerse · Eq €2.17M
Immobilière Carpentier
BE 0401.006.611
Deinze · Eq €2.18M
Bouw Bossu
BE 0826.440.691
Roeselare · Eq €2.18M
Of 9,697 companies in sector 68121 we hold annual accounts for 7,378. 2,886 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2022
Fiscal year end31-12
Abbreviation NL
528
Activities, NACEBEL
68121Development of residential building projects
70200Business and other management consultancy
68122Development of non-residential building projects
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.