FIVEZ
ActiveFIVEZ has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €186k and a net result of €11k. Equity is shrinking by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 7427 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability28▲+28
Solvency22▲+4
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.8 in 2023), and 80.6% 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
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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7427 sector peers (2024).
NBB · sector comparisonPosition among 7427 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
42 d early
2022
47 d early
2021
27 d early
2020
33 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€186k▲ 6.0%
2023 · €175k
2018: €379k
2019: €380k
2020: €209k
2021: €211k
2022: €249k
2023: €175k
2018 → 2024
Total assets
€957k▼ 6.4%
2023 · €1.02M
2018: €1.49M
2019: €1.46M
2020: €1.08M
2021: €1.06M
2022: €1.05M
2023: €1.02M
2018 → 2024
Net result
€11k
2023 · €-73k
2018: €-14k
2019: €515
2020: €-171k
2021: €3k
2022: €37k
2023: €-73k
2018 → 2024
Working capital
€-75k▲ 48.3%
2023 · €-145k
2018: €25k
2019: €32k
2020: €51k
2021: €14k
2022: €-22k
2023: €-145k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€209k-€211k▲ 1.2%€249k▲ 17.7%€175k▼ 29.5%€186k▲ 6.0%
Operating result€-149k-€22k€49k▲ 123%€-42k€44k
Net result€-171k-€3k€37k▲ 1,339%€-73k€11k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €44k after a loss of €42k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €957k
Fixed assets
€354k▼ 19.9%
Current assets
€603k▲ 3.8%
Equity and liabilities €957k
Equity
€186k▲ 6.0%
Debt
€771k▼ 9.0%
The debt ratio falls from 82.8% to 80.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€131k▲
2023 · €42k
Cash flow
€98k▲
2023 · €10k
Solvency
19.4%▲
2023 · 17.2%
Current ratio
0.89▲
2023 · 0.80
Quick ratio
0.66▲
2023 · 0.54
Debt / equity
4.15▼
2023 · 4.83
ROE
5.7%▲
2023 · -41.9%
ROA
1.1%▲
2023 · -7.2%
Interest coverage
3.95▲
2023 · 1.34
Debt
€771k▼
2023 · €847k
Debt ≤ 1 year
€678k▼
2023 · €725k
Debt > 1 year
€92k▼
2023 · €119k
Income taxes
€377▼
2023 · €1k
Staff costs
€740k▼
2023 · €768k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.02M€957k▼
Fixed assets21/28€441k€354k▼
Intangible fixed assets21€490€132▼
Tangible fixed assets22/27€440k€353k▼
Land and buildings22€227k€194k▼
Plant, machinery and equipment23€152k€114k▼
Furniture and vehicles24€49k€35k▼
Other tangible fixed assets26€11k€10k▼
Financial fixed assets28€905€405▼
Current assets29/58€581k€603k▲
Stocks and contracts in progress3€192k€156k▼
Stocks30/36€117k€144k▲
Contracts in progress37€75k€12k▼
Amounts receivable within one year40/41€361k€299k▼
Trade receivables40€344k€279k▼
Other amounts receivable41€17k€20k▲
Cash at bank and in hand54/58€10k€122k▲
Deferred charges and accrued income490/1€18k€26k▲
Equity and liabilities
Total equity and liabilities10/49€1.02M€957k▼
Equity10/15€175k€186k▲
Contributions10/11€86k€86k=
Capital10€86k€86k=
Issued capital100€86k€86k=
Reserves13€122k€122k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€55k€55k=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€-33k€-23k▲
Amounts payable17/49€847k€771k▼
Amounts payable after more than one year17€119k€92k▼
Financial debts170/4€119k€92k▼
Amounts payable within one year42/48€725k€678k▼
Current portion of amounts payable after more than one year42€62k€42k▼
Financial debts43€315k€265k▼
Credit institutions430/8€315k€265k▼
Trade debts44€181k€226k▲
Suppliers440/4€181k€226k▲
Taxes, remuneration and social security45€99k€83k▼
Taxes450/3€17k€10k▼
Remuneration and social security454/9€82k€73k▼
Other amounts payable47/48€70k€61k▼
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20232024
Non-recurring operating income76A€7k-
Remuneration, social security and pensions62€768k€740k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€87k▲
Other operating charges640/8€22k€13k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€834k€884k▲
Operating profit (loss)9901€-42k€44k▲
Financial income75/76B€607€419▼
Recurring financial income75€607€419▼
Financial charges65/66B€31k€33k▲
Recurring financial charges65€31k€33k▲
Non-recurring financial charges66B€0€0=
Profit (loss) for the period before taxes9903€-72k€11k▲
Income taxes67/77€1k€377▼
Profit (loss) for the period9904€-73k€11k▲
Profit (loss) for the period to be appropriated9905€-73k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-23k▲
Profit (loss) brought forward from the previous period14P€40k€-33k▼
Social balance
Average headcount (FTE)908712.111.5▼
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €37k ▲1339%
Operating result €49k, net result €37k, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-171k ▼33259%
Net result drops to €-171k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €515
Net result €515 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Geraardsbergen · 1 establishment unit since 1986
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.
Astridlaan(Sch) 1799500 GeraardsbergenGround area
4,073 m²
Parcel 41043A0199/02B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Astridlaan(Sch) 179, 9500 Geraardsbergen
since 19862.028.398.672
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41043A0199/02B000 | Flanders | 4,073 m² | - | - |
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
2025 · 1 entry · 898 EUR awarded · 898 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 898 EUR | 898 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 2 endedBinnenschrijnwerk en interieur duaal (so)
Interieurbouwer duaal (so)
Operator CNC-gestuurde houtbewerkingsmachines duaal (so)
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Of 443 companies in sector 31001 we hold annual accounts for 207. 155 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-12-1985
Fiscal year end31-12
Activities, NACEBEL
31001Manufacture of furniture
36122
43350Other building finishing work
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.