ISO FULL
ActiveISO FULL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €519k and a net result of €-4.39M. Equity is growing by ~75.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
22
/ 100
Critical▼ -78 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-99
Solvency30▼-69
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.17 against 2.51 in 2023), and 79.5% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.5%
Return on assets
-173.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2033 sector peers (2025).
NBB · sector comparisonPosition among 2033 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-08-2026, 184 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 8 filingsDeviation from the deadline
2025
184 d late
2023
30 d late
2022
27 d early
2021
22 d late
2020
26 d late
2019
20 d late
2018
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
€19.63M▲ 132%
2022 · €8.46M
2018: €392k
2019: €10k
2021: €2.33M
2022: €8.46M
2018 → 2023
EBIT margin
19.2%▼ 6.5pp
2022 · 25.7%
2018: 17.6%
2019: 275.2%
2021: 12.0%
2022: 25.7%
2018 → 2023
Net result
€-4.39M
2023 · €2.79M
2018: €48k
2019: €20k
2020: €179k
2021: €174k
2022: €1.58M
2023: €2.79M
2018 → 2025
Working capital
€338k▼ 91.7%
2023 · €4.07M
2018: €142k
2019: €144k
2020: €-97k
2021: €401k
2022: €1.70M
2023: €4.07M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€2.33M€8.46M▲ 264%€19.63M▲ 132%
Equity€350k-€529k▲ 51.1%€2.12M▲ 301%€4.91M▲ 131%€519k▼ 89.4%
Operating result€274k-€278k▲ 1.5%€2.17M▲ 680%€3.77M▲ 73.6%€-4.32M
Net result€179k-€174k▼ 2.5%€1.58M▲ 809%€2.79M▲ 75.9%€-4.39M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4.32M after €3.77M in 2023, the lowest year so far.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €2.53M
Fixed assets
€223k▼ 76.9%
Current assets
€2.31M▼ 65.9%
Equity and liabilities €2.53M
Equity
€519k▼ 89.4%
Debt
€2.01M▼ 28.6%
The debt ratio rises from 36.5% to 79.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-4.08M▼
2023 · €3.94M
Cash flow
€-4.15M▼
2023 · €2.96M
Solvency
20.5%▼
2023 · 63.5%
Current ratio
1.17▼
2023 · 2.51
Quick ratio
0.69▼
2023 · 2.30
Debt / equity
3.88▲
2023 · 0.57
ROE
-846.2%▼
2023 · 56.8%
ROA
-173.6%▼
2023 · 36.1%
Interest coverage
-57.38▼
2023 · 102.70
Debt
€2.01M▼
2023 · €2.82M
Debt ≤ 1 year
€1.97M▼
2023 · €2.69M
Debt > 1 year
€42k▼
2023 · €114k
Income taxes
€17k▼
2023 · €945k
Staff costs
€2.45M▲
2023 · €1.51M
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€7.72M€2.53M▼
Fixed assets21/28€967k€223k▼
Intangible fixed assets21€7k€6k▼
Tangible fixed assets22/27€939k€195k▼
Land and buildings22€447k-
Plant, machinery and equipment23€85k€19k▼
Furniture and vehicles24€277k€78k▼
Leasing and similar rights25€52k€26k▼
Other tangible fixed assets26€78k€72k▼
Financial fixed assets28€22k€22k=
Current assets29/58€6.76M€2.31M▼
Stocks and contracts in progress3€562k€957k▲
Stocks30/36€562k€327k▼
Contracts in progress37-€630k
Amounts receivable within one year40/41€2.89M€1.11M▼
Trade receivables40€2.29M€929k▼
Other amounts receivable41€608k€178k▼
Cash at bank and in hand54/58€3.27M€214k▼
Deferred charges and accrued income490/1€33k€29k▼
Equity and liabilities
Total equity and liabilities10/49€7.72M€2.53M▼
Equity10/15€4.91M€519k▼
Contributions10/11€19k€19k=
Reserves13€382k€382k=
Distributable reserves133€382k€382k=
Profit (loss) carried forward14€4.51M€118k▼
Amounts payable17/49€2.82M€2.01M▼
Amounts payable after more than one year17€114k€42k▼
Financial debts170/4€114k€42k▼
Amounts payable within one year42/48€2.69M€1.97M▼
Current portion of amounts payable after more than one year42€401k€46k▼
Trade debts44€1.57M€1.07M▼
Suppliers440/4€1.57M€1.07M▼
Advances received on contracts in progress46€6k€695k▲
Taxes, remuneration and social security45€709k€143k▼
Taxes450/3€581k€11k▼
Remuneration and social security454/9€128k€132k▲
Other amounts payable47/48€9k€16k▲
Accrued charges and deferred income492/3€12k-
Income statement
Code20232025
Turnover70€19.63M-
Non-recurring operating income76A€131k€88k▼
Goods, raw materials, services and sundry goods60/61€14.36M-
Remuneration, social security and pensions62€1.51M€2.45M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€173k€239k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€757k
Other operating charges640/8€37k€54k▲
Non-recurring operating charges66A€26k€72k▲
Gross operating margin9900€5.51M€-748k▼
Operating profit (loss)9901€3.77M€-4.32M▼
Financial income75/76B€2k€19k▲
Recurring financial income75€2k€19k▲
Non-recurring financial income76B€0-
Financial charges65/66B€38k€71k▲
Recurring financial charges65€38k€71k▲
Profit (loss) for the period before taxes9903€3.73M€-4.37M▼
Income taxes67/77€945k€17k▼
Profit (loss) for the period9904€2.79M€-4.39M▼
Profit (loss) for the period to be appropriated9905€2.79M€-4.39M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.51M€118k▼
Profit (loss) brought forward from the previous period14P€1.72M€4.51M▲
Social balance
Average headcount (FTE)908728.926.5▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 184 days late
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 184 days late
2025
30-06
Financial
Weakest financial yearnet €-4.39M ▼258%
Net result drops to €-4.39M, the lowest in the series.
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €2.79M ▲75.9%
Operating result €3.77M, net result €2.79M, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2MEq €2.12M ▲301%
5 profitable years in a row build equity to €2.12M.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 2.15
Current ratio from 0.87 to 2.15; short-term debt falls from €722k to €350k.
31-12
Financial
Equity above €500kEq €529k ▲51.1%
4 profitable years in a row build equity to €529k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Equity above €200kEq €350k ▲104%
3 profitable years in a row build equity to €350k.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Equity above €150kEq €171k ▲18.2%
2 profitable years in a row build equity to €171k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Farciennes · 1 establishment unit since 2015
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.
Rue de Fontenelle(FAR) 16240 FarciennesGround area
6,782 m²
Building footprint
947 m²
Volume, LiDAR
4,000 m³
2 parcels, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ISO FULL
since 20152.247.560.967
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52018A0001/00K009 | Wallonia | 4,978 m² | 1 · 750 m² | 4.2 m · 1 fl. |
| 52022C0377/00N000 | Wallonia | 1,804 m² | 1 · 197 m² | 9.3 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.
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Of 9,478 companies in sector 43222 we hold annual accounts for 5,625. 3,947 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2015
Fiscal year end30-06
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.