KEFIN
ActiveKEFIN has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.00M and a net result of €30k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 25.32 against 27.02 in 2024; short-term debt: 2.6% and cash: 4.4% of total assets), and 4.9% 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.
−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
95.1%
Return on assets
2.9%
Age of the figures
9 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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
50 d early
2023
51 d early
2022
48 d early
2021
54 d early
2020
37 d early
2019
23 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.00M▲ 3.1%
2024 · €974k
2018: €330k
2019: €407k
2020: €715k
2021: €696k
2022: €963k
2023: €964k
2024: €974k
2018 → 2025
Total assets
€1.06M▲ 1.7%
2024 · €1.04M
2018: €586k
2019: €626k
2020: €1.06M
2021: €805k
2022: €1.04M
2023: €1.01M
2024: €1.04M
2018 → 2025
Net result
€30k▲ 197%
2024 · €10k
2018: €108k
2019: €77k
2020: €428k
2021: €-19k
2022: €267k
2023: €530
2024: €10k
2018 → 2025
Working capital
€670k▲ 5.6%
2024 · €634k
2018: €-150k
2019: €-70k
2020: €396k
2021: €381k
2022: €648k
2023: €646k
2024: €634k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€696k-€963k▲ 38.4%€964k▲ 0.1%€974k▲ 1.1%€1.00M▲ 3.1%
Operating result€-17k-€-14k▲ 21.4%€3k€13k▲ 321%€35k▲ 169%
Net result€-19k-€267k€530▼ 99.8%€10k▲ 1,812%€30k▲ 197%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 169% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.06M
Fixed assets
€358k▼ 5.5%
Current assets
€697k▲ 5.8%
Equity and liabilities €1.06M
Equity
€1.00M▲ 3.1%
Debt
€51k▼ 19.5%
The debt ratio falls from 6.1% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2024 · €26k
Cash flow
€51k▲
2024 · €23k
Solvency
95.1%▲
2024 · 93.9%
Current ratio
25.32▼
2024 · 27.02
Quick ratio
25.32▼
2024 · 27.02
Debt / equity
0.05▼
2024 · 0.07
ROE
3.0%▲
2024 · 1.0%
ROA
2.9%▲
2024 · 1.0%
Interest coverage
29.71▲
2024 · 14.16
Debt
€51k▼
2024 · €64k
Debt ≤ 1 year
€28k▲
2024 · €24k
Debt > 1 year
€18k▼
2024 · €29k
Income taxes
€3k▲
2024 · €1k
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€1.04M€1.06M▲
Fixed assets21/28€379k€358k▼
Tangible fixed assets22/27€379k€358k▼
Land and buildings22€331k€320k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€46k€36k▼
Current assets29/58€659k€697k▲
Amounts receivable within one year40/41€11k€5k▼
Trade receivables40€7k€5k▼
Other amounts receivable41€5k€0▼
Current investments50/53€599k€646k▲
Cash at bank and in hand54/58€49k€46k▼
Equity and liabilities
Total equity and liabilities10/49€1.04M€1.06M▲
Equity10/15€974k€1.00M▲
Contributions10/11€19k€19k=
Reserves13€905k€935k▲
Distributable reserves133€905k€935k▲
Profit (loss) carried forward14€50k€50k=
Amounts payable17/49€64k€51k▼
Amounts payable after more than one year17€29k€18k▼
Financial debts170/4€23k€18k▼
Other amounts payable178/9€6k€0▼
Amounts payable within one year42/48€24k€28k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€370€156▼
Suppliers440/4€370€156▼
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€4k€9k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€12k€13k▲
Accrued charges and deferred income492/3€10k€6k▼
Income statement
Code20242025
Non-recurring operating income76A€15k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€21k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€29k€58k▲
Operating profit (loss)9901€13k€35k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€11k€33k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€10k€30k▲
Profit (loss) for the period to be appropriated9905€10k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€81k▲
Profit (loss) brought forward from the previous period14P€50k€50k=
Transfer to equity691/2€10k€30k▲
To other reserves6921€10k€30k▲
The notes to these accounts (5 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €1MEq €1.00M ▲3.1%
4 profitable years in a row build equity to €1.00M.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 31.41
Current ratio from 15.32 to 31.41; short-term debt falls from €45k to €21k.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €267k
Net result €267k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 15.32
Current ratio from 7.02 to 15.32; short-term debt falls from €63k to €45k.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-19k ▼104%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 7.02
Current ratio from 2.40 to 7.02; short-term debt falls from €284k to €63k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €428k ▲454%
Net result €428k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 2.40
Current ratio from 0.47 to 2.40.
31-12
Financial
Equity above €500kEq €715k ▲75.5%
3 profitable years in a row build equity to €715k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Sint-Gillis-Waas · 1 establishment unit since 1991
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.
Bareel(DKL) 259170 Sint-Gillis-WaasGround area
4,393 m²
Building footprint
237 m²
Volume, LiDAR
1,129 m³
Parcel 46005A0051/00D000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bareel(DKL) 25, 9170 Sint-Gillis-Waas
since 19912.054.092.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46005A0051/00D000 | Flanders | 4,393 m² | 1 · 237 m² | 6.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
699400T0WH0JYAU5WF67
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Of 1,745 companies in sector 46150 we hold annual accounts for 757. 366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-1991
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.