Het Verschil
ActiveHet Verschil has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €386k and a net result of €52k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 37% of 10230 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-12
Solvency29▼-35
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.48 against 1.3 in 2024), and 73.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
26.4%
Return on assets
3.5%
Age of the figures
8 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 27-08-2026, 27 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
27 d late
2024
15 d early
2023
29 d late
2022
11 d early
2021
22 d late
2020
19 d late
2019
12 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€386k▼ 4.8%
2024 · €406k
2018: €104k
2019: €107k
2020: €178k
2021: €239k
2022: €305k
2023: €342k
2024: €406k
2018 → 2025
Total assets
€1.47M▲ 34.5%
2024 · €1.09M
2018: €1.24M
2019: €1.14M
2020: €1.09M
2021: €1.13M
2022: €1.18M
2023: €1.35M
2024: €1.09M
2018 → 2025
Net result
€52k▼ 18.9%
2024 · €64k
2018: €2k
2019: €3k
2020: €71k
2021: €61k
2022: €66k
2023: €37k
2024: €64k
2018 → 2025
Working capital
€-412k
2024 · €91k
2018: €-91k
2019: €-59k
2020: €-27k
2021: €-115k
2022: €-71k
2023: €-1k
2024: €91k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€239k-€305k▲ 27.4%€342k▲ 12.1%€406k▲ 18.7%€386k▼ 4.8%
Operating result€73k-€87k▲ 19.3%€68k▼ 21.9%€109k▲ 59.9%€89k▼ 18.4%
Net result€61k-€66k▲ 7.4%€37k▼ 43.7%€64k▲ 73.0%€52k▼ 18.9%
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 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€1.08M▲ 56.7%
Current assets
€380k▼ 4.1%
Equity and liabilities €1.47M
Equity
€386k▼ 4.8%
Debt
€1.08M▲ 57.9%
The debt ratio rises from 62.8% to 73.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€345k▲
2024 · €310k
Cash flow
€308k▲
2024 · €265k
Solvency
26.4%▼
2024 · 37.2%
Current ratio
0.48▼
2024 · 1.30
Quick ratio
0.43▼
2024 · 1.18
Debt / equity
2.79▲
2024 · 1.69
ROE
13.4%▼
2024 · 15.7%
ROA
3.5%▼
2024 · 5.9%
Interest coverage
17.80▲
2024 · 12.67
Debt
€1.08M▲
2024 · €683k
Debt ≤ 1 year
€792k▲
2024 · €306k
Debt > 1 year
€285k▼
2024 · €377k
Income taxes
€22k▼
2024 · €26k
Staff costs
€424k▼
2024 · €440k
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€1.09M€1.47M▲
Fixed assets21/28€692k€1.08M▲
Intangible fixed assets21€17k-
Tangible fixed assets22/27€675k€1.08M▲
Land and buildings22€387k€833k▲
Plant, machinery and equipment23€76k€80k▲
Furniture and vehicles24€128k€115k▼
Leasing and similar rights25€85k€57k▼
Financial fixed assets28€250€250=
Current assets29/58€397k€380k▼
Amounts receivable after more than one year29€50k-
Other amounts receivable291€50k-
Stocks and contracts in progress3€35k€40k▲
Stocks30/36€35k€40k▲
Amounts receivable within one year40/41€212k€88k▼
Trade receivables40€144k€83k▼
Other amounts receivable41€68k€4k▼
Current investments50/53€15k€39k▲
Cash at bank and in hand54/58€74k€203k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€1.47M▲
Equity10/15€406k€386k▼
Contributions10/11€25k€25k=
Reserves13€331k€311k▼
Tax-exempt reserves132€30k€30k=
Distributable reserves133€301k€281k▼
Profit (loss) carried forward14€50k€50k=
Amounts payable17/49€683k€1.08M▲
Amounts payable after more than one year17€377k€285k▼
Financial debts170/4€377k€285k▼
Amounts payable within one year42/48€306k€792k▲
Current portion of amounts payable after more than one year42€141k€136k▼
Trade debts44€88k€104k▲
Suppliers440/4€88k€104k▲
Taxes, remuneration and social security45€77k€87k▲
Taxes450/3€2k€21k▲
Remuneration and social security454/9€75k€65k▼
Other amounts payable47/48€428€466k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€440k€424k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€256k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€20k▲
Other operating charges640/8€13k€16k▲
Gross operating margin9900€769k€805k▲
Operating profit (loss)9901€109k€89k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€25k€19k▼
Recurring financial charges65€25k€19k▼
Profit (loss) for the period before taxes9903€89k€74k▼
Income taxes67/77€26k€22k▼
Profit (loss) for the period9904€64k€52k▼
Profit (loss) for the period to be appropriated9905€64k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€102k▼
Profit (loss) brought forward from the previous period14P€50k€50k=
Transfer from equity791/2-€71k
Transfer to equity691/2€64k€52k▼
To other reserves6921€64k€52k▼
Profit to be distributed694/7-€71k
Return on contributions (dividend)694-€71k
Social balance
Average headcount (FTE)90879.78.7▼
The notes to these accounts (21 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €239k ▲34.2%
4 profitable years in a row build equity to €239k.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €71k ▲2008%
Net result €71k, the highest in the series.
31-12
Financial
Equity above €150kEq €178k ▲66.4%
3 profitable years in a row build equity to €178k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 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, Ninove · 2 establishment units since 2007
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.
Kasseide(Lie) 449400 NinoveGround area
1,048 m²
Building footprint
309 m²
Volume, LiDAR
1,723 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Het Verschil
since 20072.159.970.363
NINO SEAFOOD
since 20082.172.910.955
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41037A0221/00N002 | Flanders | 590 m² | 1 · 139 m² | 9.1 m · 2 fl. |
| 41362B1697/00K000 | Flanders | 458 m² | 1 · 170 m² | 7.3 m · 2 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).
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,537 EUR awarded · 1,537 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 800 EUR | 800 EUR |
| 2024 | 1 | 0 EUR | 365 EUR |
| 2023 | 1 | 737 EUR | 372 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteNinove2.172.910.955
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Of 226 companies in sector 46323 we hold annual accounts for 151. 113 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2007
Fiscal year end31-12
Activities, NACEBEL
46323Wholesale trade
47230Retail trade
51381
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0473/326318