GewELF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €20k and a net result of €-7k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 8006 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
14 d early
2023
31 d early
2022
22 d late
2021
1 d early
2020
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€20k▼ 25.6%
2024 · €27k
2020: €-49k
2021: €-102k
2022: €-142k
2023: €33k
2024: €27k
2020 → 2025
Net result
€-7k▼ 12.7%
2024 · €-6k
2020: €-62k
2021: €-53k
2022: €-40k
2023: €169k
2024: €-6k
2020 → 2025
Total assets
€45k▲ 3.8%
2024 · €43k
2020: €530k
2021: €517k
2022: €502k
2023: €55k
2024: €43k
2020 → 2025
Solvency
44.4%▼ 17.5pp
2024 · 61.9%
2020: -9.3%
2021: -19.7%
2022: -28.2%
2023: 59.6%
2024: 61.9%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-102k-€-142k▼ 39.1%€33k€27k▼ 18.5%€20k▼ 25.6%
Operating result€-32k-€-19k▲ 40.3%€185k€-6k€-7k▼ 16.3%
Net result€-53k-€-40k▲ 24.4%€169k€-6k€-7k▼ 12.7%
Turnover and EBIT margin not published: the 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 €6k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45k
Fixed assets
€595▼ 52.8%
Current assets
€45k▲ 5.5%
Equity and liabilities €45k
Equity
€20k▼ 25.6%
Debt
€25k▲ 51.5%
The debt ratio rises from 38.1% to 55.6%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
44.4%▼
2024 · 61.9%
ROE
-34.4%▼
2024 · -22.7%
ROA
-15.3%▼
2024 · -14.1%
Debt
€25k▲
2024 · €17k
Debt ≤ 1 year
€12k▲
2024 · €3k
Income taxes
€0▲
2024 · €-65
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€43k€45k▲
Fixed assets21/28€1k€595▼
Tangible fixed assets22/27€1k€595▼
Plant, machinery and equipment23€1k€595▼
Current assets29/58€42k€45k▲
Amounts receivable within one year40/41€34k€36k▲
Trade receivables40€0-
Other amounts receivable41€34k€36k▲
Cash at bank and in hand54/58€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€43k€45k▲
Equity10/15€27k€20k▼
Contributions10/11€19k€19k=
Reserves13€14k€14k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-6k€-13k▼
Amounts payable17/49€17k€25k▲
Amounts payable within one year42/48€3k€12k▲
Trade debts44-€166
Suppliers440/4-€166
Taxes, remuneration and social security45€0€8k▲
Taxes450/3€0€6k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€3k€3k=
Accrued charges and deferred income492/3€13k€13k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€667€667=
Other operating charges640/8€3k€513▼
Gross operating margin9900€-2k€-6k▼
Operating profit (loss)9901€-6k€-7k▼
Financial charges65/66B€260€8▼
Recurring financial charges65€260€8▼
Profit (loss) for the period before taxes9903€-6k€-7k▼
Income taxes67/77€-65€0▲
Profit (loss) for the period9904€-6k€-7k▼
Profit (loss) for the period to be appropriated9905€-6k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-13k▼
Profit (loss) brought forward from the previous period14P-€-6k
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €169k
Net result €169k after 3 loss-making years.
30-06
Financial
Liquidity times 426current ratio 7.48
Current ratio from 0.02 to 7.48; short-term debt falls from €106k to €7k.
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2019
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.
O.-L.-Vrouwestraat(Kor) 28500 KortrijkGround area
1,212 m²
Building footprint
684 m²
Volume, LiDAR
4,086 m³
2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GewELF
since 20192.286.136.877
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009B0846/00L002 | Flanders | 1,162 m² | 1 · 633 m² | 8.8 m · 2 fl. |
| 34353H0139/00A000 | Flanders | 51 m² | 1 · 51 m² | 12.8 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 7,382 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-02-2019
Fiscal year end30-06
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.