FN
ActiveFN has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €65k and a net result of €5k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 26057 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
82
/ 100
Excellent▲ +13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability40▲+6
Solvency82▲+15
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.43 in 2023), but 56.5% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
43.5%
Return on assets
3.4%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
99 d late
2022
211 d late
2021
76 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€65k▲ 8.6%
2023 · €60k
2018: €43k
2019: €37k
2020: €39k
2021: €48k
2022: €56k
2023: €60k
2018 → 2024
Total assets
€150k▼ 8.9%
2023 · €164k
2018: €118k
2019: €127k
2020: €161k
2021: €156k
2022: €180k
2023: €164k
2018 → 2024
Net result
€5k▲ 25.1%
2023 · €4k
2018: €21k
2019: €-6k
2020: €2k
2021: €9k
2022: €8k
2023: €4k
2018 → 2024
Working capital
€59k▲ 31.3%
2023 · €45k
2018: €46k
2019: €27k
2020: €31k
2021: €52k
2022: €39k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€48k▲ 22.0%€56k▲ 17.0%€60k▲ 7.4%€65k▲ 8.6%
Operating result€7k-€12k▲ 76.8%€18k▲ 56.5%€10k▼ 44.8%€16k▲ 54.1%
Net result€2k-€9k▲ 399%€8k▼ 6.1%€4k▼ 49.0%€5k▲ 25.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 54% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €150k
Fixed assets
€10k▼ 32.1%
Current assets
€139k▼ 6.5%
Equity and liabilities €150k
Equity
€65k▲ 8.6%
Debt
€85k▼ 18.9%
The debt ratio falls from 63.5% to 56.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€21k▲
2023 · €15k
Cash flow
€10k▲
2023 · €9k
Solvency
43.5%▲
2023 · 36.5%
Current ratio
1.73▲
2023 · 1.43
Quick ratio
0.77▼
2023 · 0.93
Debt / equity
1.30▼
2023 · 1.74
ROE
7.9%▲
2023 · 6.9%
ROA
3.4%▲
2023 · 2.5%
Interest coverage
9.89▲
2023 · 6.24
Debt
€85k▼
2023 · €104k
Debt ≤ 1 year
€81k▼
2023 · €104k
Income taxes
€8k▲
2023 · €6k
Staff costs
€135k▲
2023 · €108k
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€164k€150k▼
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€9k€6k▼
Current assets29/58€149k€139k▼
Stocks and contracts in progress3€52k€77k▲
Stocks30/36€52k€77k▲
Amounts receivable within one year40/41€50k€27k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€48k€26k▼
Cash at bank and in hand54/58€47k€33k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€164k€150k▼
Equity10/15€60k€65k▲
Contributions10/11€19k€19k=
Reserves13€41k€46k▲
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€39k€45k▲
Amounts payable17/49€104k€85k▼
Amounts payable within one year42/48€104k€81k▼
Taxes, remuneration and social security45€52k€26k▼
Taxes450/3€25k€22k▼
Remuneration and social security454/9€26k€4k▼
Other amounts payable47/48€53k€55k▲
Accrued charges and deferred income492/3-€4k
Income statement
Code20232024
Remuneration, social security and pensions62€108k€135k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€798€4k▲
Gross operating margin9900€124k€159k▲
Operating profit (loss)9901€10k€16k▲
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€10k€14k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4k€5k▲
Transfer to equity691/2€4k€5k▲
To other reserves6921€4k€5k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 99 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 211 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-6k ▼127%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
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, Kapellen · 1 establishment unit since 2016
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.
Hoevensebaan 1662950 KapellenGround area
1,622 m²
Building footprint
600 m²
Volume, LiDAR
2,681 m³
2 parcels, Flanders · tallest building 11.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
FN
since 20162.256.571.574
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E1296/00E000 | Flanders | 1,101 m² | 1 · 217 m² | 8.1 m · 1 fl. |
| 11902E0050/00R000 | Flanders | 522 m² | 1 · 383 m² | 11.3 m · 1 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.256.571.574
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
Yucel
BE 0679.692.757
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GANIYY
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DE ZUIDERSE KEUKEN
BE 0885.650.679
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BOHARH & SONS
BE 0882.514.908
Nieuwerkerken (Limb.) · Eq €65k
Vatan Food
BE 0787.578.929
Zele · Eq €65k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 4,609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-08-2016
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47300Retail sale of automotive fuel
47242Retail sale of chocolate and confectionery
47260Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.