GOODWOOD 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 €406k and a net result of €123k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 76% of 5511 sector peers (fiscal year 2025). The company has been active since 2018 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
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €406k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 7 filingsDeviation from the deadline
2025
14 d late
2024
30 d late
2023
26 d early
2022
22 d late
2021
29 d early
2020
17 d late
2019
120 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€406k▲ 43.7%
2024 · €282k
2019: €291k
2020: €289k
2021: €288k
2022: €286k
2023: €284k
2024: €282k
2019 → 2025
Net result
€123k
2024 · €-1k
2019: €-9k
2020: €-2k
2021: €-1k
2022: €-1k
2023: €-3k
2024: €-1k
2019 → 2025
Total assets
€502k▲ 10.6%
2024 · €454k
2019: €301k
2020: €300k
2021: €288k
2022: €288k
2023: €350k
2024: €454k
2019 → 2025
Solvency
80.8%▲ 18.6pp
2024 · 62.2%
2019: 96.7%
2020: 96.3%
2021: 100.0%
2022: 99.6%
2023: 81.0%
2024: 62.2%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€288k-€286k▼ 0.4%€284k▼ 1.0%€282k▼ 0.5%€406k▲ 43.7%
Operating result€-1k-€-1k▲ 13.5%€-3k▼ 143%€-1k▲ 53.9%€-2k▼ 24.1%
Net result€-1k-€-1k▲ 15.5%€-3k▼ 137%€-1k▲ 52.5%€123k
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 €2k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €502k
Fixed assets
€175k▼ 30.0%
Current assets
€327k▲ 60.5%
Equity and liabilities €502k
Equity
€406k▲ 43.7%
Debt
€96k▼ 43.9%
The debt ratio falls from 37.8% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
80.8%▲
2024 · 62.2%
ROE
30.4%▲
2024 · -0.5%
ROA
24.6%▲
2024 · -0.3%
Debt
€96k▼
2024 · €171k
Debt ≤ 1 year
€96k▼
2024 · €171k
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€454k€502k▲
Fixed assets21/28€250k€175k▼
Financial fixed assets28€250k€175k▼
Current assets29/58€204k€327k▲
Amounts receivable within one year40/41€204k€327k▲
Other amounts receivable41€204k€327k▲
Cash at bank and in hand54/58€98€129▲
Equity and liabilities
Total equity and liabilities10/49€454k€502k▲
Equity10/15€282k€406k▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13-€106k
Distributable reserves133-€106k
Profit (loss) carried forward14€-18k-
Amounts payable17/49€171k€96k▼
Amounts payable within one year42/48€171k€96k▼
Trade debts44€387€128▼
Suppliers440/4€387€128▼
Other amounts payable47/48€171k€96k▼
Income statement
Code20242025
Other operating charges640/8€276€278▲
Gross operating margin9900€-998€-1k▼
Operating profit (loss)9901€-1k€-2k▼
Financial income75/76B-€125k
Recurring financial income75-€125k
Financial charges65/66B€66€73▲
Recurring financial charges65€66€73▲
Profit (loss) for the period before taxes9903€-1k€123k▲
Profit (loss) for the period9904€-1k€123k▲
Profit (loss) for the period to be appropriated9905€-1k€123k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€106k▲
Profit (loss) brought forward from the previous period14P€-16k€-18k▼
Transfer to equity691/2-€106k
To other reserves6921-€106k
The notes to these accounts (2 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Back to profitnet €123k
Net result €123k after 6 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.40
Current ratio from 1.19 to 3.40; short-term debt falls from €171k to €96k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 120 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Wevelgem · 1 establishment unit since 2018
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.
Vliegveld 138560 WevelgemGround area
3,288 m²
Building footprint
1,690 m²
Volume, LiDAR
7,852 m³
Parcel 34302B0863/00D000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GOODWOOD
since 20182.276.362.841
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0863/00D000 | Flanders | 3,288 m² | 1 · 1,690 m² | 5.9 m · 1 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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Of 24,727 companies in sector 64210 we hold annual accounts for 19,759. 13,732 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-05-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.