FLANDERS ROAD INTERMODAL
ActiveThe annual accounts of FLANDERS ROAD INTERMODAL for fiscal year 2025 show a net loss of 640% of the equity at the start of that year. The 2025 annual accounts show equity of €1.08M and a net result of €-784k. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 20% of 434 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-27
Solvency38▲+11
Growth59▼-13
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.08 against 0.33 in 2024; short-term debt: 48.1% and cash: 0% of total assets), and 86.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
13.3%
Return on assets
-9.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 434 sector peers (2025).
NBB · sector comparisonPosition among 434 sector peers
Solvency
better than 20%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.08M
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
32 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.98M▼ 37.2%
2024 · €3.16M
2019: €1.03M
2020: €1.48M
2021: €1.94M
2022: €2.56M
2023: €3.00M
2024: €3.16M
2019 → 2025
EBIT margin
-32.0%▼ 39.6pp
2024 · 7.7%
2019: 21.4%
2020: 11.3%
2021: -10.4%
2022: 14.5%
2023: -7.5%
2024: 7.7%
2019 → 2025
Net result
€-784k
2024 · €78k
2018: €13k
2019: €43k
2020: €31k
2021: €-685k
2022: €158k
2023: €-388k
2024: €78k
2018 → 2025
Working capital
€-3.59M▼ 64.4%
2024 · €-2.18M
2018: €-1.07M
2019: €-1.49M
2020: €-1.24M
2021: €-1.37M
2022: €-2.31M
2023: €-3.18M
2024: €-2.18M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.94M-€2.56M▲ 31.5%€3.00M▲ 17.3%€3.16M▲ 5.3%€1.98M▼ 37.2%
Equity€274k-€432k▲ 57.7%€44k▼ 89.7%€122k▲ 176%€1.08M▲ 780%
Operating result€-202k-€370k€-225k€242k€-634k
Net result€-685k-€158k€-388k€78k€-784k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €634k after €242k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.12M
Fixed assets
€7.80M▲ 15.5%
Current assets
€317k▼ 70.7%
Equity and liabilities €8.12M
Equity
€1.08M▲ 780%
Debt
€7.04M▼ 8.7%
The debt ratio falls from 98.4% to 86.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€421k▼
2024 · €1.24M
Cash flow
€271k▼
2024 · €1.08M
Solvency
13.3%▲
2024 · 1.6%
Current ratio
0.08▼
2024 · 0.33
Quick ratio
0.08▼
2024 · 0.33
Debt / equity
6.54▼
2024 · 63.01
ROE
-72.7%▼
2024 · 63.8%
ROA
-9.6%▼
2024 · 1.0%
Interest coverage
2.75▼
2024 · 7.57
Debt
€7.04M▼
2024 · €7.72M
Debt ≤ 1 year
€3.90M▲
2024 · €3.26M
Debt > 1 year
€2.15M▼
2024 · €3.63M
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€7.84M€8.12M▲
Fixed assets21/28€6.76M€7.80M▲
Tangible fixed assets22/27€4.56M€3.86M▼
Furniture and vehicles24€277k€151k▼
Leasing and similar rights25€4.28M€3.71M▼
Financial fixed assets28€2.20M€3.94M▲
Affiliated companies280/1€2.20M€3.94M▲
Participating interests280€2.20M€3.94M▲
Current assets29/58€1.08M€317k▼
Amounts receivable after more than one year29€53k€63k▲
Other amounts receivable291€53k€63k▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€868k€115k▼
Trade receivables40€860k€14k▼
Other amounts receivable41€8k€101k▲
Cash at bank and in hand54/58€18k€3k▼
Deferred charges and accrued income490/1€143k€135k▼
Equity and liabilities
Total equity and liabilities10/49€7.84M€8.12M▲
Equity10/15€122k€1.08M▲
Contributions10/11€900k€900k=
Revaluation surpluses12-€1.74M
Reserves13€60k€60k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€-837k€-1.62M▼
Amounts payable17/49€7.72M€7.04M▼
Amounts payable after more than one year17€3.63M€2.15M▼
Financial debts170/4€1.52M€822k▼
Leasing and similar obligations172€1.52M€822k▼
Credit institutions173€0-
Other amounts payable178/9€2.11M€1.32M▼
Amounts payable within one year42/48€3.26M€3.90M▲
Current portion of amounts payable after more than one year42€1.48M€1.26M▼
Trade debts44€1.65M€2.62M▲
Suppliers440/4€1.65M€2.62M▲
Taxes, remuneration and social security45€91k€0▼
Taxes450/3€91k€0▼
Other amounts payable47/48€41k€17k▼
Accrued charges and deferred income492/3€820k€995k▲
Income statement
Code20242025
Operating income70/76A€3.49M€2.38M▼
Turnover70€3.16M€1.98M▼
Other operating income74€332k€393k▲
Operating charges60/66A€3.25M€3.01M▼
Services and other goods61€2.08M€1.88M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.00M€1.05M▲
Other operating charges640/8€171k€79k▼
Operating profit (loss)9901€242k€-634k▼
Financial income75/76B€843€4k▲
Recurring financial income75€843€4k▲
Income from current assets751€799€2k▲
Other financial income752/9€44€2k▲
Financial charges65/66B€164k€153k▼
Recurring financial charges65€164k€153k▼
Debt charges650€164k€153k▼
Other financial charges652/9€132€236▲
Profit (loss) for the period before taxes9903€78k€-784k▼
Income taxes67/77€0-
Taxes670/3€0-
Profit (loss) for the period9904€78k€-784k▼
Profit (loss) for the period to be appropriated9905€78k€-784k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-837k€-1.62M▼
Profit (loss) brought forward from the previous period14P€-915k€-837k▲
The notes to these accounts (54 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-784k ▼1102%
Net result drops to €-784k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.08M ▲780%
Equity rises from €122k to €1.08M.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
31-12
Financial
Equity above €100kEq €122k ▲176%
Equity rises from €44k to €122k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Back to profitnet €158k
Net result €158k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 32 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Brugge · 1 establishment unit since 2000
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.
Groot Ter Doest 118380 BruggeGround area
447 m²
Building footprint
119 m²
Volume, LiDAR
441 m³
Parcel 31016C0517/00B000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Groot Ter Doest 11, 8380 Brugge
since 20002.064.214.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31016C0517/00B000 | Flanders | 447 m² | 1 · 119 m² | 6.1 m · 1 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.
Similar companies · same sector, comparable size
ST.-PAUL A&T
BE 0644.779.091
Knokke-Heist · Eq €1.09M
Van Mieghem Machelen
BE 0407.902.519
Machelen (Brab.) · Eq €1.09M
JANSSEN-SERCK
BE 0891.270.246
Braine-l'Alleud · Eq €1.09M
CONTAINERS VANDE VELDE
BE 0466.892.969
Gent · Eq €1.04M
DE ROP SERVICES
BE 0463.646.637
Puurs-Sint-Amands · Eq €1.02M
Of 361 companies in sector 77120 we hold annual accounts for 233. 147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-09-1993
Fiscal year end31-12
Abbreviation NL
FRI
Activities, NACEBEL
77120Rental and leasing activities
70200Business and other management consultancy
70220Business consulting
77320Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.