Summary
KEEP ON RUNNING 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 €3.96M and a net result of €472k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 6156 sector peers (fiscal year 2024). The company has been active since 2009 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
1 signal. 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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2024
34 d early
2023
12 d early
2021
4 d early
2020
265 d late
2019
17 d early
2018
56 d early
2017
123 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€3.96M▲ 6.1%
2023 · €3.74M
2018: €1.75M
2019: €2.02M
2020: €2.54M
2021: €2.77M
2023: €3.74M
2018 → 2024
Net result
€472k▼ 42.7%
2023 · €824k
2018: €42k
2019: €276k
2020: €521k
2021: €224k
2023: €824k
2018 → 2024
Total assets
€7.74M▲ 4.2%
2023 · €7.43M
2018: €1.78M
2019: €2.03M
2020: €4.26M
2021: €5.04M
2023: €7.43M
2018 → 2024
Solvency
51.2%▲ 0.9pp
2023 · 50.3%
2018: 98.2%
2019: 99.6%
2020: 59.7%
2021: 54.9%
2023: 50.3%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120232024Trend
Equity€2.02M-€2.54M▲ 25.8%€2.77M▲ 8.8%€3.74M▲ 34.9%€3.96M▲ 6.1%
Operating result€62k-€720k▲ 1,070%€152k▼ 78.9%€789k▲ 420%€508k▼ 35.6%
Net result€276k-€521k▲ 88.6%€224k▼ 57.0%€824k▲ 268%€472k▼ 42.7%
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 falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.74M
Fixed assets
€2.20M ▲ 0.9%
Current assets
€5.53M ▲ 5.5%
Equity and liabilities €7.74M
Equity
€3.96M ▲ 6.1%
Debt
€3.77M ▲ 2.2%
Debt's share of the balance-sheet total falls from 49.7% to 48.8%. Equity and debt are higher.
Key figures and ratios
ROE
11.9%▼
2023 · 22.1%
ROA
6.1%▼
2023 · 11.1%
Debt ≤ 1 year
€3.67M▲
2023 · €3.52M
Debt > 1 year
€106k▼
2023 · €168k
Income taxes
€318k▲
2023 · €265k
Staff costs
€958k▲
2023 · €590k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€7.43M€7.74M▲
Fixed assets21/28€2.18M€2.20M▲
Intangible fixed assets21€142k€67k▼
Tangible fixed assets22/27€1.36M€1.45M▲
Land and buildings22€1.23M€1.22M▼
Plant, machinery and equipment23€31k€107k▲
Furniture and vehicles24€104k€131k▲
Financial fixed assets28€675k€679k▲
Current assets29/58€5.25M€5.53M▲
Amounts receivable after more than one year29€450k€50k▼
Other amounts receivable291€450k€50k▼
Stocks and contracts in progress3€1.26M€1.06M▼
Stocks30/36€1.26M€1.06M▼
Amounts receivable within one year40/41€2.33M€4.21M▲
Trade receivables40€2.00M€2.29M▲
Other amounts receivable41€326k€1.92M▲
Current investments50/53€80k€80k=
Cash at bank and in hand54/58€1.09M€86k▼
Deferred charges and accrued income490/1€41k€48k▲
Equity and liabilities
Total equity and liabilities10/49€7.43M€7.74M▲
Equity10/15€3.74M€3.96M▲
Contributions10/11€100k€100k=
Reserves13€2.25M€2.10M▼
Non-distributable reserves130/1€10k€10k=
Reserves not available under the articles1311€10k€10k=
Tax-exempt reserves132€250k€350k▲
Distributable reserves133€1.99M€1.74M▼
Profit (loss) carried forward14€1.39M€1.76M▲
Amounts payable17/49€3.69M€3.77M▲
Amounts payable after more than one year17€168k€106k▼
Financial debts170/4€168k€106k▼
Amounts payable within one year42/48€3.52M€3.67M▲
Current portion of amounts payable after more than one year42€48k€50k▲
Trade debts44€2.39M€2.97M▲
Suppliers440/4€2.39M€2.97M▲
Taxes, remuneration and social security45€513k€301k▼
Taxes450/3€404k€201k▼
Remuneration and social security454/9€109k€100k▼
Other amounts payable47/48€572k€351k▼
Income statement
Code20232024
Remuneration, social security and pensions62€590k€958k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€178k€206k▲
Other operating charges640/8€7k€33k▲
Gross operating margin9900€1.56M€1.70M▲
Operating profit (loss)9901€789k€508k▼
Financial income75/76B€313k€298k▼
Recurring financial income75€313k€298k▼
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€1.09M€790k▼
Income taxes67/77€265k€318k▲
Profit (loss) for the period9904€824k€472k▼
Transfer to tax-exempt reserves689€250k€100k▼
Profit (loss) for the period to be appropriated9905€574k€372k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.94M€1.76M▼
Profit (loss) brought forward from the previous period14P€1.36M€1.39M▲
Transfer from equity791/2€310k€245k▼
Transfer to equity691/2€550k-
To other reserves6921€550k-
Profit to be distributed694/7€310k€245k▼
Return on contributions (dividend)694€310k€245k▼
Social balance
Average headcount (FTE)908710.713.3▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €824k ▲268%
Operating result €789k, net result €824k, both a record.
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 265 days late
2020
13-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity times 7current ratio 89.67
Current ratio from 12.09 to 89.67; short-term debt falls from €32k to €8k.
30-09
Financial
Equity above €2MEq €2.02M ▲15.8%
2 profitable years in a row build equity to €2.02M.
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
01-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
29-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
01-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2009
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.
Westpoort 682070 Beveren-Kruibeke-ZwijndrechtGround area
6,117 m²
Building footprint
1,372 m²
Volume, LiDAR
10,267 m³
Parcel 11011A0197/00G000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KEEP ON RUNNING
since 20092.180.122.015
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0197/00G000 | Flanders | 6,117 m² | 1 · 1,372 m² | 10.0 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 25,000 EUR awarded · 12,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 25,000 EUR | 12,500 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Similar companies · same sector, comparable size
Lati Holding
BE 1003.827.858
Landen · Eq €3,960,006
LOMAT
BE 0475.614.259
Roeselare · Eq €3,959,959
Manuelo Invest
BE 0773.461.469
Gent · Eq €3,964,341
KATINA BEHEER
BE 0669.836.963
Merksplas · Eq €3,965,055
Fremmax
BE 0554.663.024
Knokke-Heist · Eq €3,966,771
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 8,866 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
64210Activities of holding companies
32300Other manufacturing
46496Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.