GOLD 50
ActiveGOLD 50 has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €33k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 8002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-2
Solvency69▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.21 in 2024; short-term debt: 45.9% and cash: 24.7% of total assets), but 56.4% 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+raises 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
43.6%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
20 d late
2024
25 d late
2023
29 d late
2022
25 d late
2021
23 d late
2020
37 d late
2019
52 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€291k▲ 12.8%
2024 · €258k
2018: €131k
2019: €163k
2020: €194k
2021: €244k
2022: €251k
2023: €223k
2024: €258k
2018 → 2025
Total assets
€666k▲ 29.8%
2024 · €513k
2018: €559k
2019: €537k
2020: €526k
2021: €435k
2022: €442k
2023: €406k
2024: €513k
2018 → 2025
Net result
€33k▼ 4.8%
2024 · €35k
2018: €-104k
2019: €32k
2020: €31k
2021: €50k
2022: €8k
2023: €-6k
2024: €35k
2018 → 2025
Working capital
€259k▲ 25.4%
2024 · €207k
2018: €62k
2019: €108k
2020: €152k
2021: €215k
2022: €153k
2023: €145k
2024: €207k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€244k-€251k▲ 3.1%€223k▼ 11.2%€258k▲ 15.5%€291k▲ 12.8%
Operating result€75k-€19k▼ 75.2%€2k▼ 90.9%€61k▲ 3,487%€55k▼ 9.3%
Net result€50k-€8k▼ 84.8%€-6k€35k€33k▼ 4.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €666k
Fixed assets
€101k▼ 25.4%
Current assets
€565k▲ 49.6%
Equity and liabilities €666k
Equity
€291k▲ 12.8%
Debt
€376k▲ 47.0%
The debt ratio rises from 49.8% to 56.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96k▼
2024 · €101k
Cash flow
€74k▼
2024 · €75k
Solvency
43.6%▼
2024 · 50.2%
Current ratio
1.85▼
2024 · 2.21
Quick ratio
0.89▼
2024 · 1.19
Debt / equity
1.29▲
2024 · 0.99
ROE
11.3%▼
2024 · 13.4%
ROA
4.9%▼
2024 · 6.7%
Interest coverage
20.97▲
2024 · 15.06
Debt
€376k▲
2024 · €256k
Debt ≤ 1 year
€306k▲
2024 · €171k
Debt > 1 year
€70k▼
2024 · €85k
Income taxes
€18k▼
2024 · €20k
Staff costs
€72k▲
2024 · €51k
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€513k€666k▲
Fixed assets21/28€136k€101k▼
Tangible fixed assets22/27€136k€101k▼
Land and buildings22€92k€71k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€44k€27k▼
Current assets29/58€378k€565k▲
Stocks and contracts in progress3€174k€294k▲
Stocks30/36€174k€294k▲
Amounts receivable within one year40/41€4k€97k▲
Trade receivables40€3k€96k▲
Other amounts receivable41€787€871▲
Cash at bank and in hand54/58€198k€165k▼
Deferred charges and accrued income490/1€647€9k▲
Equity and liabilities
Total equity and liabilities10/49€513k€666k▲
Equity10/15€258k€291k▲
Contributions10/11€66k€66k=
Reserves13€161k€194k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€156k€189k▲
Profit (loss) carried forward14€30k€30k=
Amounts payable17/49€256k€376k▲
Amounts payable after more than one year17€85k€70k▼
Financial debts170/4€85k€70k▼
Amounts payable within one year42/48€171k€306k▲
Current portion of amounts payable after more than one year42€15k€15k=
Trade debts44€32k€155k▲
Suppliers440/4€32k€155k▲
Taxes, remuneration and social security45€59k€75k▲
Taxes450/3€50k€65k▲
Remuneration and social security454/9€9k€11k▲
Other amounts payable47/48€65k€61k▼
Income statement
Code20242025
Remuneration, social security and pensions62€51k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€41k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€1k
Gross operating margin9900€156k€172k▲
Operating profit (loss)9901€61k€55k▼
Financial income75/76B€1€28▲
Recurring financial income75€1€28▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€54k€51k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€35k€33k▼
Profit (loss) for the period to be appropriated9905€35k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€65k€63k▼
Profit (loss) brought forward from the previous period14P€30k€30k=
Transfer to equity691/2€35k€33k▼
To other reserves6921€35k€33k▼
Social balance
Average headcount (FTE)90871.02.0▲
The notes to these accounts (10 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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Highest result since 2018net €50k ▲62.6%
Operating result €75k, net result €50k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.49
Current ratio from 1.81 to 4.49; short-term debt falls from €188k to €62k.
31-12
Financial
Equity above €200kEq €244k ▲25.9%
3 profitable years in a row build equity to €244k.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 37 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 52 days late
2019
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
31-12
Financial
Equity above €150kEq €163k ▲24%
Equity rises from €131k to €163k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 1994
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.
Abdijstraat 862020 AntwerpenGround area
57 m²
Building footprint
57 m²
Volume, LiDAR
395 m³
Parcel 11809I2448/00M005, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GOLD 50
since 19942.065.669.438
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2448/00M005 | Flanders | 57 m² | 1 · 57 m² | 10.8 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.
Similar companies · same sector, comparable size
MCW COLLECTION
BE 0685.885.020
Ukkel · Eq €292k
BELGIUM WATCH COMPANY
BE 0475.975.535
La Hulpe · Eq €286k
WALKING TREE EU
BE 0561.987.613
Antwerpen · Eq €285k
EMERALD
BE 0455.842.293
Antwerpen · Eq €285k
Isabelle LEBLANS
BE 0467.254.542
La Hulpe · Eq €284k
Of 567 companies in sector 46480 we hold annual accounts for 353. 247 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-01-1994
Fiscal year end31-12
Activities, NACEBEL
46480Wholesale trade
47770Retail sale of watches and jewellery
51474
52484
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.