FLANDERS INSURANCE 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 €579k and a net result of €119k. Equity is growing by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 72% of 490 sector peers (fiscal year 2025). The company has been active since 2018 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
Three signals. The signal on the left, the evidence on the right.
○neutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
47 d late
2023
28 d early
2022
42 d early
2021
40 d early
2020
40 d early
2019
25 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€579k▲ 25.9%
2024 · €460k
2019: €-47k
2020: €144k
2021: €130k
2022: €196k
2023: €322k
2024: €460k
2019 → 2025
Net result
€119k▼ 13.7%
2024 · €138k
2019: €-67k
2020: €191k
2021: €-14k
2022: €66k
2023: €126k
2024: €138k
2019 → 2025
Total assets
€875k▼ 11.5%
2024 · €990k
2019: €1.73M
2020: €1.92M
2021: €1.95M
2022: €1.56M
2023: €1.34M
2024: €990k
2019 → 2025
Solvency
66.1%▲ 19.6pp
2024 · 46.5%
2019: -2.7%
2020: 7.5%
2021: 6.7%
2022: 12.5%
2023: 24.0%
2024: 46.5%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.83M€1.89M▲ 3.3%€2.04M▲ 8.2%
Equity€130k-€196k▲ 51.2%€322k▲ 64.1%€460k▲ 42.8%€579k▲ 25.9%
Operating result€6k-€114k▲ 1,774%€192k▲ 68.2%€207k▲ 7.8%€177k▼ 14.7%
Net result€-14k-€66k€126k▲ 89.3%€138k▲ 9.6%€119k▼ 13.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €875k
Fixed assets
€289k▼ 53.5%
Current assets
€587k▲ 59.3%
Equity and liabilities €875k
Equity
€579k▲ 25.9%
Debt
€297k▼ 44.0%
The debt ratio falls from 53.5% to 33.9%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
66.1%▲
2024 · 46.5%
ROE
20.6%▼
2024 · 30.0%
ROA
13.6%▼
2024 · 13.9%
Debt
€297k▼
2024 · €530k
Debt ≤ 1 year
€238k▼
2024 · €454k
Debt > 1 year
€14k▼
2024 · €20k
Income taxes
€56k▼
2024 · €60k
Staff costs
€819k▼
2024 · €826k
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€990k€875k▼
Fixed assets21/28€621k€289k▼
Intangible fixed assets21€310k€47k▼
Tangible fixed assets22/27€311k€241k▼
Land and buildings22€206k€171k▼
Plant, machinery and equipment23€60k€42k▼
Furniture and vehicles24€44k€27k▼
Financial fixed assets28€821€821=
Other financial fixed assets284/8€821€821=
Shares284€821€821=
Current assets29/58€368k€587k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€103k€137k▲
Trade receivables40€103k€137k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€255k€402k▲
Deferred charges and accrued income490/1€10k€48k▲
Equity and liabilities
Total equity and liabilities10/49€990k€875k▼
Equity10/15€460k€579k▲
Contributions10/11€20k€20k=
Reserves13€440k€559k▲
Distributable reserves133€440k€559k▲
Amounts payable17/49€530k€297k▼
Amounts payable after more than one year17€20k€14k▼
Financial debts170/4€20k€14k▼
Credit institutions173€20k€14k▼
Amounts payable within one year42/48€454k€238k▼
Current portion of amounts payable after more than one year42€229k€6k▼
Financial debts43€0-
Other loans439€0-
Trade debts44€101k€110k▲
Suppliers440/4€101k€110k▲
Taxes, remuneration and social security45€123k€122k▼
Taxes450/3€39k€42k▲
Remuneration and social security454/9€84k€80k▼
Other amounts payable47/48€602€0▼
Accrued charges and deferred income492/3€56k€45k▼
Income statement
Code20242025
Operating income70/76A€1.99M€2.10M▲
Turnover70€1.89M€2.04M▲
Other operating income74€90k€60k▼
Non-recurring operating income76A€11k€0▼
Operating charges60/66A€1.78M€1.92M▲
Goods for resale, raw materials and consumables60€22€22=
Purchases600/8€22€22=
Services and other goods61€616k€726k▲
Remuneration, social security and pensions62€826k€819k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€323k€340k▲
Other operating charges640/8€15k€40k▲
Operating profit (loss)9901€207k€177k▼
Financial income75/76B€650€2k▲
Recurring financial income75€650€2k▲
Income from financial fixed assets750€0-
Income from current assets751€0€16▲
Other financial income752/9€650€2k▲
Financial charges65/66B€10k€3k▼
Recurring financial charges65€10k€3k▼
Debt charges650€8k€3k▼
Other financial charges652/9€2k€95▼
Profit (loss) for the period before taxes9903€198k€175k▼
Income taxes67/77€60k€56k▼
Taxes670/3€60k€56k▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€138k€119k▼
Profit (loss) for the period to be appropriated9905€138k€119k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€119k▼
Profit (loss) brought forward from the previous period14P-€0
Transfer to equity691/2€138k€119k▼
To other reserves6921€138k€119k▼
Social balance
Average headcount (FTE)908710.910.7▼
The notes to these accounts (65 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 2.46
Current ratio from 0.81 to 2.46; short-term debt falls from €454k to €238k.
31-12
Financial
Equity above €500kEq €579k ▲25.9%
4 profitable years in a row build equity to €579k.
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200kEq €322k ▲64.1%
2 profitable years in a row build equity to €322k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
31-12
Financial
Equity above €150kEq €196k ▲51.2%
Equity rises from €130k to €196k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €191k
Net result €191k after one loss-making year.
31-12
Financial
Equity above €100kEq €144k
Equity rises from €-47k to €144k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Waregem · 1 establishment unit since 2018
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.
Zuiderlaan 98790 WaregemGround area
1,901 m²
Building footprint
1,130 m²
Volume, LiDAR
3,133 m³
Parcel 34040C1371/00M000, Flanders · tallest building 17.2 m. Linked by address, not a title deed.
1 establishment unit
Zuiderlaan 9, 8790 Waregem
since 20182.290.735.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1371/00M000 | Flanders | 1,901 m² | 1 · 1,129 m² | 17.2 m |
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
2022 to 2025 · 4 entries · 950 EUR awarded · 1,005 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 149 EUR | 281 EUR |
| 2024 | 1 | 394 EUR | 227 EUR |
| 2023 | 1 | 281 EUR | 371 EUR |
| 2022 | 1 | 126 EUR | 126 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. 2,520 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-09-2018
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.