GEFRA
ActiveGEFRA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160k and a net result of €22k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 74% of 249 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-5
Solvency96▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 5.43 against 9.86 in 2024; short-term debt: 12.7% and cash: 39.6% of total assets), and 28.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
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
71.2%
Return on assets
10%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
lower
← fewer bankruptcies
more bankruptcies →
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
4 d late
2023
30 d late
2022
29 d late
2021
51 d early
2020
37 d early
2019
32 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€160k▲ 16.3%
2024 · €138k
2018: €92k
2019: €82k
2020: €77k
2021: €97k
2022: €136k
2023: €163k
2024: €138k
2018 → 2025
Total assets
€225k▲ 26.0%
2024 · €179k
2018: €142k
2019: €144k
2020: €136k
2021: €168k
2022: €180k
2023: €194k
2024: €179k
2018 → 2025
Net result
€22k▼ 11.5%
2024 · €25k
2018: €6k
2019: €4k
2020: €11k
2021: €21k
2022: €39k
2023: €31k
2024: €25k
2018 → 2025
Working capital
€127k▲ 18.0%
2024 · €107k
2018: €85k
2019: €78k
2020: €69k
2021: €74k
2022: €112k
2023: €143k
2024: €107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€136k▲ 40.8%€163k▲ 20.1%€138k▼ 15.5%€160k▲ 16.3%
Operating result€30k-€60k▲ 99.5%€45k▼ 25.3%€37k▼ 18.3%€34k▼ 8.5%
Net result€21k-€39k▲ 88.8%€31k▼ 20.6%€25k▼ 19.0%€22k▼ 11.5%
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 has fallen three years in a row; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €225k
Fixed assets
€70k▲ 18.0%
Current assets
€155k▲ 30.0%
Equity and liabilities €225k
Equity
€160k▲ 16.3%
Debt
€65k▲ 58.8%
The debt ratio rises from 22.9% to 28.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €41k
Cash flow
€38k▲
2024 · €30k
Solvency
71.2%▼
2024 · 77.1%
Current ratio
5.43▼
2024 · 9.86
Quick ratio
5.43▼
2024 · 9.86
Debt / equity
0.41▲
2024 · 0.30
ROE
14.0%▼
2024 · 18.4%
ROA
10.0%▼
2024 · 14.2%
Interest coverage
39.47▲
2024 · 27.49
Debt
€65k▲
2024 · €41k
Debt ≤ 1 year
€29k▲
2024 · €12k
Debt > 1 year
€36k▲
2024 · €29k
Income taxes
€10k▲
2024 · €10k
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€179k€225k▲
Fixed assets21/28€59k€70k▲
Tangible fixed assets22/27€59k€70k▲
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€12k€8k▼
Leasing and similar rights25€43k€58k▲
Current assets29/58€120k€155k▲
Amounts receivable within one year40/41€16k€10k▼
Trade receivables40€14k€9k▼
Other amounts receivable41€1k€878▼
Current investments50/53€68k€50k▼
Cash at bank and in hand54/58€32k€89k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€179k€225k▲
Equity10/15€138k€160k▲
Contributions10/11€7k€7k=
Reserves13€131k€153k▲
Distributable reserves133€131k€153k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€41k€65k▲
Amounts payable after more than one year17€29k€36k▲
Financial debts170/4€29k€36k▲
Amounts payable within one year42/48€12k€29k▲
Current portion of amounts payable after more than one year42€7k€15k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€720€8k▲
Taxes450/3€720€3k▲
Remuneration and social security454/9€0€4k▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€16k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€46k€51k▲
Operating profit (loss)9901€37k€34k▼
Financial income75/76B€239€228▼
Recurring financial income75€239€228▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€36k€33k▼
Income taxes67/77€10k€10k▲
Profit (loss) for the period9904€25k€22k▼
Profit (loss) for the period to be appropriated9905€25k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€22k▼
Profit (loss) brought forward from the previous period14P€-1k€0▲
Transfer from equity791/2€51k€0▼
Transfer to equity691/2€24k€22k▼
To other reserves6921€24k€22k▼
Profit to be distributed694/7€51k€0▼
Return on contributions (dividend)694€51k€0▼
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
Equity above €150kEq €160k ▲16.3%
8 profitable years in a row build equity to €160k.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150kEq €163k ▲20.1%
6 profitable years in a row build equity to €163k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €39k ▲88.8%
Operating result €60k, net result €39k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.93
Current ratio from 2.74 to 5.93; short-term debt falls from €43k to €23k.
31-12
Financial
Equity above €100kEq €136k ▲40.8%
5 profitable years in a row build equity to €136k.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €4k ▼34.4%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 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, Maaseik · 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.
Weteringstraat 443680 MaaseikGround area
695 m²
Building footprint
138 m²
Parcel 72024F0457/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
Weteringstraat 44, 3680 Maaseik
since 20032.126.663.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024F0457/00K000 | Flanders | 695 m² | 1 · 138 m² | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,597 EUR awarded · 1,597 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 270 EUR | 270 EUR |
| 2024 | 1 | 323 EUR | 323 EUR |
| 2023 | 1 | 285 EUR | 285 EUR |
| 2022 | 1 | 719 EUR | 719 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 700 companies in sector 80010 we hold annual accounts for 349. 251 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2002
Fiscal year end31-12
Activities, NACEBEL
74601
80010Investigation and private security services
80100Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.