FTW
ActiveFTW has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €56k. Equity is shrinking by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (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
Profitability68▲+33
Solvency32▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.21 in 2024; short-term debt: 54.4% and cash: 1.7% of total assets), and 93.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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
6.9%
Return on assets
2.2%
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 12% of 27711 sector peers (2025).
NBB · sector comparisonPosition among 27711 sector peers
Solvency
better than 12%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
5 d early
2022
19 d early
2021
31 d late
2020
88 d late
2019
117 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56k
2024 · €-68k
2018: €94k
2019: €36k
2020: €-155k
2021: €-482k
2022: €-114k
2023: €-57k
2024: €-68k
2018 → 2025
Working capital
€-1.06M▲ 6.5%
2024 · €-1.14M
2018: €234k
2019: €-482k
2020: €-830k
2021: €-716k
2022: €-1.14M
2023: €-1.05M
2024: €-1.14M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€356k-€242k▼ 32.1%€185k▼ 23.6%€117k▼ 36.7%€172k▲ 47.5%
Operating result€-364k-€-71k▲ 80.5%€29k€659▼ 97.8%€98k▲ 14,762%
Net result€-482k-€-114k▲ 76.3%€-57k▲ 50.1%€-68k▼ 18.6%€56k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14,762% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.49M
Fixed assets
€2.20M▲ 3.5%
Current assets
€291k▼ 2.4%
Equity and liabilities €2.49M
Equity
€172k▲ 47.5%
Debt
€2.32M▲ 0.5%
The debt ratio falls from 95.2% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€229k▲
2024 · €129k
Cash flow
€186k▲
2024 · €60k
Solvency
6.9%▲
2024 · 4.8%
Current ratio
0.21▲
2024 · 0.21
Quick ratio
0.21▲
2024 · 0.19
Debt / equity
13.43▼
2024 · 19.71
ROE
32.2%▲
2024 · -57.9%
ROA
2.2%▲
2024 · -2.8%
Interest coverage
5.60▲
2024 · 2.37
Debt
€2.32M▲
2024 · €2.30M
Debt ≤ 1 year
€1.35M▼
2024 · €1.44M
Debt > 1 year
€943k▲
2024 · €869k
Income taxes
€2k▼
2024 · €17k
Staff costs
€4k▼
2024 · €16k
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€2.42M€2.49M▲
Fixed assets21/28€2.12M€2.20M▲
Tangible fixed assets22/27€2.02M€2.09M▲
Land and buildings22€1.61M€1.72M▲
Plant, machinery and equipment23€65k€43k▼
Furniture and vehicles24€28k€18k▼
Other tangible fixed assets26€312k€308k▼
Financial fixed assets28€105k€105k=
Current assets29/58€298k€291k▼
Stocks and contracts in progress3€23k€4k▼
Stocks30/36€23k€4k▼
Amounts receivable within one year40/41€229k€244k▲
Trade receivables40€223k€239k▲
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€45k€41k▼
Deferred charges and accrued income490/1€955€1k▲
Equity and liabilities
Total equity and liabilities10/49€2.42M€2.49M▲
Equity10/15€117k€172k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€566k€566k=
Reserves13€253k€253k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€170k€170k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€-721k€-665k▲
Amounts payable17/49€2.30M€2.32M▲
Amounts payable after more than one year17€869k€943k▲
Financial debts170/4€695k€817k▲
Other amounts payable178/9€174k€126k▼
Amounts payable within one year42/48€1.44M€1.35M▼
Current portion of amounts payable after more than one year42€190k€176k▼
Trade debts44€73k€115k▲
Suppliers440/4€73k€115k▲
Taxes, remuneration and social security45€49k€25k▼
Taxes450/3€38k€15k▼
Remuneration and social security454/9€11k€10k▼
Other amounts payable47/48€1.12M€1.04M▼
Accrued charges and deferred income492/3-€19k
Income statement
Code20242025
Non-recurring operating income76A€157k€54k▼
Remuneration, social security and pensions62€16k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€128k€131k▲
Other operating charges640/8€68k€27k▼
Gross operating margin9900€213k€260k▲
Operating profit (loss)9901€659€98k▲
Financial income75/76B€3k€236▼
Recurring financial income75€3k€236▼
Financial charges65/66B€54k€41k▼
Recurring financial charges65€54k€41k▼
Profit (loss) for the period before taxes9903€-51k€57k▲
Income taxes67/77€17k€2k▼
Profit (loss) for the period9904€-68k€56k▲
Profit (loss) for the period to be appropriated9905€-68k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-721k€-665k▲
Profit (loss) brought forward from the previous period14P€-653k€-721k▼
The notes to these accounts (8 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €56k
Net result €56k after 5 loss-making years.
31-12
Financial
Equity above €150kEq €172k ▲47.5%
Equity rises from €117k to €172k.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-482k
Net result drops to €-482k, the lowest in the series; recovery starts the following year.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 117 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Nassogne · 1 establishment unit since 2003
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.
Ways,Lesterny 16953 Nassogne1 establishment unit
Ways,Lesterny 1, 6953 Nassogne
since 20032.131.781.569
Similar companies · same sector, comparable size
LABON
BE 0862.924.668
Wijnegem · Eq €172k
REI PRODUKTEN
BE 0461.062.873
Gent · Eq €173k
LECOMTE
BE 0866.267.804
Torhout · Eq €173k
PARKETVLOEREN J. WILS & ZONEN
BE 0476.339.878
Wommelgem · Eq €174k
PINE ARTS
BE 0465.030.569
Kapellen · Eq €175k
Of 747 companies in sector 43332 we hold annual accounts for 411. 347 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2003
Fiscal year end31-12
Activities, NACEBEL
43332Laying of wooden floor and wall coverings
02200Logging
16220Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
41001General construction of residential buildings
68121Development of residential building projects
55209Other holiday and short-stay accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.