GRDC is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €264k and a net result of €75k. Equity is growing by ~44.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 9864 sector peers (fiscal year 2024). The company has been active since 2021 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
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
58 d early
2022
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€264k▲ 39.5%
2023 · €190k
2022: €95k
2023: €190k
2022 → 2024
Net result
€75k▼ 20.6%
2023 · €94k
2022: €92k
2023: €94k
2022 → 2024
Total assets
€326k▲ 40.4%
2023 · €232k
2022: €134k
2023: €232k
2022 → 2024
Solvency
81.1%▼ 0.6pp
2023 · 81.7%
2022: 71.4%
2023: 81.7%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€95k-€190k▲ 98.9%€264k▲ 39.5%
Operating result€117k-€118k▲ 1.1%€91k▼ 23.1%
Net result€92k-€94k▲ 2.1%€75k▼ 20.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €326k
Fixed assets
€19k▼ 31.6%
Current assets
€307k▲ 50.0%
Equity and liabilities €326k
Equity
€264k▲ 39.5%
Debt
€61k▲ 44.7%
The debt ratio rises from 18.3% to 18.9%. Equity and debt are higher.
Key figures and ratios
Solvency
81.1%▼
2023 · 81.7%
ROE
28.3%▼
2023 · 49.7%
ROA
23.0%▼
2023 · 40.6%
Debt
€61k▲
2023 · €42k
Debt ≤ 1 year
€60k▲
2023 · €38k
Income taxes
€19k▼
2023 · €25k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€232k€326k▲
Fixed assets21/28€27k€19k▼
Tangible fixed assets22/27€27k€19k▼
Plant, machinery and equipment23€1k€951▼
Furniture and vehicles24€26k€18k▼
Current assets29/58€205k€307k▲
Amounts receivable within one year40/41€14k€16k▲
Trade receivables40€14k€16k▲
Cash at bank and in hand54/58€187k€288k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€232k€326k▲
Equity10/15€190k€264k▲
Contributions10/11€3k€3k=
Reserves13€187k€261k▲
Distributable reserves133€187k€261k▲
Amounts payable17/49€42k€61k▲
Amounts payable within one year42/48€38k€60k▲
Trade debts44€354€51▼
Suppliers440/4€354€51▼
Taxes, remuneration and social security45€35k€58k▲
Taxes450/3€35k€58k▲
Other amounts payable47/48€3k€2k▼
Accrued charges and deferred income492/3€4k€970▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Other operating charges640/8€311€528▲
Gross operating margin9900€127k€100k▼
Operating profit (loss)9901€118k€91k▼
Financial income75/76B€799€3k▲
Recurring financial income75€799€3k▲
Financial charges65/66B€50€150▲
Recurring financial charges65€50€150▲
Profit (loss) for the period before taxes9903€119k€94k▼
Income taxes67/77€25k€19k▼
Profit (loss) for the period9904€94k€75k▼
Profit (loss) for the period to be appropriated9905€94k€75k▼
Appropriation of the result
Profit (loss) to be appropriated9906€94k€75k▼
Transfer to equity691/2€94k€75k▼
To other reserves6921€94k€75k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €75k ▼20.6%
Net result drops to €75k, the lowest in the series.
31-12
Financial
Equity above €200kEq €264k ▲39.5%
3 profitable years in a row build equity to €264k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €94k ▲2.1%
Operating result €118k, net result €94k, both a record.
31-12
Financial
Equity above €150kEq €190k ▲98.9%
2 profitable years in a row build equity to €190k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
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, Aalter · 1 establishment unit since 2021
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.
Lomolenstraat 1149880 AalterGround area
808 m²
Building footprint
100 m²
Volume, LiDAR
107 m³
Parcel 44035C0332/00F000, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
1 establishment unit
GRDC
since 20212.317.340.589
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44035C0332/00F000 | Flanders | 808 m² | 1 · 100 m² | 7.1 m |
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 2023 · 2 entries · 311 EUR awarded · 311 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 225 EUR | 225 EUR |
| 2022 | 1 | 86 EUR | 86 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.