FORMAT
ActiveSummary
FORMAT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-335k) and a net result of €-100k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▲+1
Solvency8▲+8
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.0 in 2024; short-term debt: 56.5% and cash: 0.1% of total assets), and equity is negative.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
-17.2%
Return on assets
-5.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-335k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
42 d early
2023
42 d early
2022
28 d early
2021
42 d early
2020
25 d early
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-335k▼ 42.7%
2024 · €-235k
2019: €-110k
2020: €-131k
2021: €-178k
2022: €-195k
2023: €-214k
2024: €-235k
2019 → 2025
Total assets
€1.94M▲ 405%
2024 · €385k
2019: €386k
2020: €385k
2021: €386k
2022: €386k
2023: €386k
2024: €385k
2019 → 2025
Net result
€-100k▼ 395%
2024 · €-20k
2019: €-23k
2020: €-22k
2021: €-47k
2022: €-17k
2023: €-20k
2024: €-20k
2019 → 2025
Working capital
€-892k▼ 44.1%
2024 · €-619k
2019: €-495k
2020: €-516k
2021: €-562k
2022: €-580k
2023: €-599k
2024: €-619k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-178k-€-195k▼ 9.5%€-214k▼ 10.0%€-235k▼ 9.4%€-335k▼ 42.7%
Operating result€-29k-€-2k▲ 91.6%€-2k▲ 18.9%€-2k▼ 5.7%€-7k▼ 216%
Net result€-47k-€-17k▲ 63.8%€-20k▼ 15.9%€-20k▼ 3.6%€-100k▼ 395%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€1.74M ▲ 351%
Current assets
€207k ▲ 174,068%
Key figures and ratios
Solvency
-17.2%▲
2024 · -60.9%
Current ratio
0.19▲
2024 · 0.00
Debt to equity
-6.81▼
2024 · -2.64
ROA
-5.2%▲
2024 · -5.3%
Debt
€2.28M▲
2024 · €620k
Debt ≤ 1 year
€1.10M▲
2024 · €619k
Debt > 1 year
€1.18M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€385k€1.94M▲
Fixed assets21/28€385k€1.74M▲
Tangible fixed assets22/27€385k€1.74M▲
Land and buildings22€385k€1.74M▲
Current assets29/58€119€207k▲
Amounts receivable within one year40/41-€206k
Other amounts receivable41-€206k
Cash at bank and in hand54/58€119€1k▲
Equity and liabilities
Total equity and liabilities10/49€385k€1.94M▲
Equity10/15€-235k€-335k▼
Contributions10/11€104k€104k=
Capital10€104k€104k=
Issued capital100€104k€104k=
Profit (loss) carried forward14€-339k€-439k▼
Amounts payable17/49€620k€2.28M▲
Amounts payable after more than one year17-€1.18M
Financial debts170/4-€1.18M
Amounts payable within one year42/48€619k€1.10M▲
Current portion of amounts payable after more than one year42-€200k
Trade debts44€367€3k▲
Suppliers440/4€367€3k▲
Other amounts payable47/48€619k€895k▲
Accrued charges and deferred income492/3€692€1k▲
Income statement
Code20242025
Other operating charges640/8€647€1k▲
Gross operating margin9900€-1k€-5k▼
Operating profit (loss)9901€-2k€-7k▼
Financial charges65/66B€18k€94k▲
Recurring financial charges65€18k€94k▲
Profit (loss) for the period before taxes9903€-20k€-100k▼
Profit (loss) for the period9904€-20k€-100k▼
Profit (loss) for the period to be appropriated9905€-20k€-100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-339k€-439k▼
Profit (loss) brought forward from the previous period14P€-318k€-339k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-100k
Net result drops to €-100k, the lowest in the series.
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
07-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-12
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, Turnhout · 1 establishment unit since 1996
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.
Tieblokkenlaan 82300 TurnhoutGround area
2.2 ha
Building footprint
1.1 ha
Volume, LiDAR
99,299 m³
Parcel 13453O0975/00D000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORMAT
since 19962.076.390.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0975/00D000 | Flanders | 2.2 ha | 1 · 1.1 ha | 12.0 m · 3 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.
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CHAFFEE
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Turnhout
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.