KEESTRACK
ActiveKEESTRACK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.29M and a net result of €331k. Equity is growing by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+8
Solvency71▼-4
Growth46▲+4
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.58 in 2024), but 61.7% 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
38.3%
Return on assets
1.2%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d early
2023
13 d early
2022
31 d early
2021
20 d early
2020
15 d early
2019
2 d early
← 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, full schema
Turnover
€50.53M▲ 27.2%
2024 · €39.72M
2018: €50.59M
2019: €43.50M
2020: €38.29M
2021: €51.05M
2022: €51.84M
2023: €48.02M
2024: €39.72M
2018 → 2025
EBIT margin
1.5%▲ 1.4pp
2024 · 0.1%
2018: 5.1%
2019: 1.4%
2020: 0.9%
2021: 3.5%
2022: 1.9%
2023: -1.2%
2024: 0.1%
2018 → 2025
Net result
€331k▲ 1,187%
2024 · €26k
2018: €1.74M
2019: €400k
2020: €202k
2021: €1.19M
2022: €869k
2023: €-790k
2024: €26k
2018 → 2025
Working capital
€8.45M▲ 2.3%
2024 · €8.26M
2018: €7.90M
2019: €8.27M
2020: €9.92M
2021: €10.47M
2022: €10.30M
2023: €8.10M
2024: €8.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€51.05M-€51.84M▲ 1.5%€48.02M▼ 7.4%€39.72M▼ 17.3%€50.53M▲ 27.2%
Equity€9.85M-€10.72M▲ 8.8%€9.93M▼ 7.4%€9.96M▲ 0.3%€10.29M▲ 3.3%
Operating result€1.76M-€999k▼ 43.3%€-559k€42k€770k▲ 1,726%
Net result€1.19M-€869k▼ 26.9%€-790k€26k€331k▲ 1,187%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,726% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26.84M
Fixed assets
€1.92M▼ 0.8%
Current assets
€24.92M▲ 10.5%
Equity and liabilities €26.84M
Equity
€10.29M▲ 3.3%
Debt
€16.56M▲ 13.9%
The debt ratio rises from 59.4% to 61.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.40M▲
2024 · €646k
Cash flow
€966k▲
2024 · €630k
Solvency
38.3%▼
2024 · 40.6%
Current ratio
1.51▼
2024 · 1.58
Quick ratio
1.34▼
2024 · 1.37
Debt / equity
1.61▲
2024 · 1.46
ROE
3.2%▲
2024 · 0.3%
ROA
1.2%▲
2024 · 0.1%
Interest coverage
2.42▲
2024 · 0.83
Debt
€16.56M▲
2024 · €14.54M
Debt ≤ 1 year
€16.47M▲
2024 · €14.29M
Income taxes
€22k▲
2024 · €7k
Staff costs
€2.13M▼
2024 · €2.27M
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€24.49M€26.84M▲
Fixed assets21/28€1.94M€1.92M▼
Intangible fixed assets21€1.84M€1.83M▼
Tangible fixed assets22/27€98k€93k▼
Plant, machinery and equipment23€46k€11k▼
Furniture and vehicles24€9k€47k▲
Other tangible fixed assets26€43k€36k▼
Financial fixed assets28-€1k
Other financial fixed assets284/8-€1k
Amounts receivable and cash guarantees285/8-€1k
Current assets29/58€22.56M€24.92M▲
Amounts receivable after more than one year29€7.31M€7.96M▲
Other amounts receivable291€7.31M€7.96M▲
Stocks and contracts in progress3€3.03M€2.89M▼
Stocks30/36€3.03M€2.89M▼
Goods purchased for resale34€3.03M€2.89M▼
Amounts receivable within one year40/41€10.56M€13.37M▲
Trade receivables40€7.54M€9.76M▲
Other amounts receivable41€3.02M€3.61M▲
Cash at bank and in hand54/58€1.43M€490k▼
Deferred charges and accrued income490/1€225k€207k▼
Equity and liabilities
Total equity and liabilities10/49€24.49M€26.84M▲
Equity10/15€9.96M€10.29M▲
Contributions10/11€147k€147k=
Capital10€147k€147k=
Issued capital100€147k€147k=
Reserves13€5.48M€5.48M=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Distributable reserves133€5.47M€5.47M=
Profit (loss) carried forward14€4.32M€4.66M▲
Amounts payable17/49€14.54M€16.56M▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Credit institutions173€3k-
Amounts payable within one year42/48€14.29M€16.47M▲
Current portion of amounts payable after more than one year42€87k€3k▼
Financial debts43€8.36M€8.46M▲
Credit institutions430/8€8.36M€8.46M▲
Trade debts44€5.21M€7.08M▲
Suppliers440/4€5.21M€7.08M▲
Advances received on contracts in progress46€288k-
Taxes, remuneration and social security45€346k€283k▼
Taxes450/3€145k€86k▼
Remuneration and social security454/9€201k€196k▼
Other amounts payable47/48€1k€649k▲
Accrued charges and deferred income492/3€240k€87k▼
Income statement
Code20242025
Operating income70/76A€40.91M€51.40M▲
Turnover70€39.72M€50.53M▲
Other operating income74€1.19M€871k▼
Non-recurring operating income76A€4k-
Operating charges60/66A€40.87M€50.63M▲
Goods for resale, raw materials and consumables60€35.33M€44.45M▲
Purchases600/8€35.75M€44.31M▲
Change in stocks: decrease (increase)609€-429k€139k▲
Services and other goods61€2.62M€2.81M▲
Remuneration, social security and pensions62€2.27M€2.13M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€604k€635k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k€543k▲
Other operating charges640/8€55k€64k▲
Operating profit (loss)9901€42k€770k▲
Financial income75/76B€863k€788k▼
Recurring financial income75€863k€788k▼
Income from current assets751€418k€371k▼
Other financial income752/9€445k€416k▼
Financial charges65/66B€873k€1.20M▲
Recurring financial charges65€873k€1.20M▲
Debt charges650€775k€580k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€545k
Other financial charges652/9€98k€80k▼
Profit (loss) for the period before taxes9903€33k€352k▲
Income taxes67/77€7k€22k▲
Taxes670/3€11k€22k▲
Tax adjustments and reversals of tax provisions77€4k-
Profit (loss) for the period9904€26k€331k▲
Profit (loss) for the period to be appropriated9905€26k€331k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.32M€4.66M▲
Profit (loss) brought forward from the previous period14P€4.30M€4.32M▲
Social balance
Average headcount (FTE)908722.620.2▼
The notes to these accounts (66 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €10MEq €10.29M ▲3.3%
2 profitable years in a row build equity to €10.29M.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-790k ▼191%
Net result drops to €-790k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €10MEq €10.72M ▲8.8%
5 profitable years in a row build equity to €10.72M.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Bilzen-Hoeselt · 1 establishment unit since 2000
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.
Taunusweg 23740 Bilzen-HoeseltGround area
1.8 ha
Building footprint
1,008 m²
Volume, LiDAR
4,539 m³
Parcel 73056B0077/02G003, Flanders · tallest building 16.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Taunusweg 2, 3740 Bilzen-Hoeselt
since 20002.067.412.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73056B0077/02G003 | Flanders | 1.8 ha | 1 · 1,008 m² | 16.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 344 EUR awarded · 344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 192 EUR | 192 EUR |
| 2022 | 1 | 152 EUR | 152 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
549300EK2N71V2IQ8F26
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Of 150 companies in sector 46644 we hold annual accounts for 113. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-06-1994
Fiscal year end31-12
Activities, NACEBEL
29220
46644Wholesale trade
46649Wholesale of other machinery and equipment
51872
33120Repair and maintenance of machinery
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.