Foodchain ID Certification
ActiveFoodchain ID Certification has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €184k and a net result of €-99k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 1114 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-6
Solvency31▼-3
Growth62▼-2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.69 in 2023; short-term debt: 90.4% and cash: 9.3% of total assets), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
5.6%
Return on assets
-3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1114 sector peers (2024).
NBB · sector comparisonPosition among 1114 sector peers
Solvency
better than 13%
← 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 03-07-2025, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
41 d early
2022
12 d early
2021
18 d early
2020
33 d early
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€6.38M▲ 7.8%
2023 · €5.91M
2019: €3.24M
2020: €3.56M
2021: €4.52M
2022: €5.06M
2023: €5.91M
2019 → 2024
EBIT margin
-0.1%▼ 1.8pp
2023 · 1.7%
2019: -0.6%
2020: 2.2%
2021: 12.3%
2022: 7.7%
2023: 1.7%
2019 → 2024
Net result
€-99k
2023 · €26k
2018: €181k
2019: €-64k
2020: €26k
2021: €374k
2022: €260k
2023: €26k
2018 → 2024
Working capital
€-1.07M▼ 22.8%
2023 · €-872k
2018: €-140k
2019: €-259k
2020: €-248k
2021: €-215k
2022: €-1.73M
2023: €-872k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€3.56M-€4.52M▲ 26.9%€5.06M▲ 11.9%€5.91M▲ 16.9%€6.38M▲ 7.8%
Equity€73k-€197k▲ 171%€256k▲ 30.3%€282k▲ 10.0%€184k▼ 35.0%
Operating result€78k-€554k▲ 610%€389k▼ 29.8%€102k▼ 73.9%€-8k
Net result€26k-€374k▲ 1,365%€260k▼ 30.6%€26k▼ 90.1%€-99k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €102k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.30M
Fixed assets
€1.39M▲ 3.1%
Current assets
€1.91M▼ 2.1%
Equity and liabilities €3.30M
Equity
€184k▼ 35.0%
Provisions
€0▼ 100%
Debt
€3.12M▲ 5.2%
The debt ratio rises from 89.8% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€257k▼
2023 · €347k
Cash flow
€167k▼
2023 · €271k
Solvency
5.6%▼
2023 · 8.5%
Current ratio
0.64▼
2023 · 0.69
Quick ratio
0.64▼
2023 · 0.69
Debt / equity
16.99▲
2023 · 10.50
ROE
-53.7%▼
2023 · 9.1%
ROA
-3.0%▼
2023 · 0.8%
Interest coverage
12.64▼
2023 · 22.38
Debt
€3.12M▲
2023 · €2.96M
Debt ≤ 1 year
€2.98M▲
2023 · €2.83M
Debt > 1 year
€132k▼
2023 · €135k
Income taxes
€71k▲
2023 · €60k
Staff costs
€2.56M▲
2023 · €2.49M
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€3.30M€3.30M=
Fixed assets21/28€1.35M€1.39M▲
Intangible fixed assets21€1.08M€1.07M▼
Tangible fixed assets22/27€266k€309k▲
Plant, machinery and equipment23€523€229▼
Furniture and vehicles24€266k€309k▲
Financial fixed assets28€4k€4k=
Affiliated companies280/1€4k€0▼
Participating interests280€0-
Amounts receivable281€4k€0▼
Other financial fixed assets284/8-€4k
Amounts receivable and cash guarantees285/8-€4k
Current assets29/58€1.96M€1.91M▼
Amounts receivable within one year40/41€1.43M€1.58M▲
Trade receivables40€1.43M€1.58M▲
Cash at bank and in hand54/58€516k€307k▼
Deferred charges and accrued income490/1€13k€31k▲
Equity and liabilities
Total equity and liabilities10/49€3.30M€3.30M=
Equity10/15€282k€184k▼
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€49k€49k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€171k€72k▼
Provisions and deferred taxes16€56k-
Provisions for liabilities and charges160/5€56k-
Other liabilities and charges164/5€56k-
Amounts payable17/49€2.96M€3.12M▲
Amounts payable after more than one year17€135k€132k▼
Financial debts170/4€135k€132k▼
Credit institutions173€135k€132k▼
Amounts payable within one year42/48€2.83M€2.98M▲
Current portion of amounts payable after more than one year42€86k€107k▲
Trade debts44€485k€737k▲
Suppliers440/4€485k€737k▲
Taxes, remuneration and social security45€716k€547k▼
Taxes450/3€342k€124k▼
Remuneration and social security454/9€374k€422k▲
Other amounts payable47/48€1.54M€1.59M▲
Income statement
Code20232024
Operating income70/76A€6.03M€6.50M▲
Turnover70€5.91M€6.38M▲
Other operating income74€117k€124k▲
Non-recurring operating income76A€3k€1k▼
Operating charges60/66A€5.93M€6.51M▲
Goods for resale, raw materials and consumables60€10k€5k▼
Purchases600/8€10k€5k▼
Services and other goods61€3.13M€3.62M▲
Remuneration, social security and pensions62€2.49M€2.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€246k€266k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-17k€-4k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€56k-
Other operating charges640/8€11k€10k▼
Non-recurring operating charges66A€5k€58k▲
Operating profit (loss)9901€102k€-8k▼
Financial income75/76B€706€2k▲
Recurring financial income75€706€2k▲
Other financial income752/9€706€2k▲
Financial charges65/66B€17k€21k▲
Recurring financial charges65€17k€21k▲
Debt charges650€16k€20k▲
Other financial charges652/9€1k€864▼
Profit (loss) for the period before taxes9903€86k€-27k▼
Income taxes67/77€60k€71k▲
Taxes670/3€60k€71k▲
Profit (loss) for the period9904€26k€-99k▼
Profit (loss) for the period to be appropriated9905€26k€-99k▼
Appropriation of the result
Profit (loss) to be appropriated9906€171k€72k▼
Profit (loss) brought forward from the previous period14P€145k€171k▲
Social balance
Average headcount (FTE)908736.934.3▼
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-99k ▼483%
Net result drops to €-99k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €200kEq €256k ▲30.3%
3 profitable years in a row build equity to €256k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €374k ▲1365%
Operating result €554k, net result €374k, both a record.
31-12
Financial
Equity above €150kEq €197k ▲171%
2 profitable years in a row build equity to €197k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Herstal · 1 establishment unit since 2017
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.
En Hayeneux 624040 HerstalGround area
2,564 m²
Building footprint
378 m²
Volume, LiDAR
2,397 m³
Parcel 62313E0132/00B002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Foodchain ID Certification
since 20172.267.894.741
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62313E0132/00B002 | Wallonia | 2,564 m² | 1 · 378 m² | 7.8 m · 2 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
GREEN ARC
BE 0737.784.968
Neupré · Eq €184k
STUDIO LAMOTE
BE 0732.833.614
Oostende · Eq €183k
MAJEB
BE 0628.779.536
Liège · Eq €184k
PDP Energy Consult
BE 0457.181.289
Zoersel · Eq €182k
CONTROLE INDUSTRIEL BELGE - BELGISCHE INDUSTRIELE CONTROLE
BE 0463.529.247
Liège · Eq €182k
Of 2,145 companies in sector 71209 we hold annual accounts for 1,085. 818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-08-2017
Fiscal year end31-12
Activities, NACEBEL
71209Other technical testing and analysis
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.