Kruispaille
ActiveSummary
Kruispaille has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €176k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+4
Solvency92▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 3.94 against 4.98 in 2024; short-term debt: 16.5% and cash: 43.3% of total assets), and 32.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
67.4%
Return on assets
10.5%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
44 d early
2023
35 d early
2022
34 d early
2021
19 d early
2020
52 d late
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.12M▲ 18.5%
2024 · €948k
2018: €383klowest in 8 years
2019: €515k▲ +34.3% vs 2018
2020: €591k▲ +14.8% vs 2019
2021: €689k▲ +16.6% vs 2020
2022: €737k▲ +6.9% vs 2021
2023: €845k▲ +14.6% vs 2022
2024: €948k▲ +12.2% vs 2023
2025: €1.12M▲ +18.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.67M▲ 13.9%
2024 · €1.46M
2018: €1.01Mlowest in 8 years
2019: €1.09M▲ +7.5% vs 2018
2020: €1.07M▼ -1.6% vs 2019
2021: €1.23M▲ +14.2% vs 2020
2022: €1.17M▼ -4.5% vs 2021
2023: €1.21M▲ +3.6% vs 2022
2024: €1.46M▲ +20.7% vs 2023
2025: €1.67M▲ +13.9% vs 2024highest in 8 years
2018 → 2025
Net result
€176k▲ 70.2%
2024 · €103k
2018: €158k
2019: €134k▼ -15.1% vs 2018
2020: €112k▼ -16.5% vs 2019
2021: €128k▲ +14.6% vs 2020
2022: €77k▼ -39.6% vs 2021lowest in 8 years
2023: €103k▲ +32.9% vs 2022
2024: €103k▲ +0.4% vs 2023
2025: €176k▲ +70.2% vs 2024highest in 8 years
2018 → 2025
Working capital
€812k▲ 20.4%
2024 · €674k
2018: €344klowest in 8 years
2019: €382k▲ +11.1% vs 2018
2020: €411k▲ +7.5% vs 2019
2021: €480k▲ +16.8% vs 2020
2022: €517k▲ +7.7% vs 2021
2023: €624k▲ +20.9% vs 2022
2024: €674k▲ +8.0% vs 2023
2025: €812k▲ +20.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€689k-€737k▲ 6.9%€845k▲ 14.6%€948k▲ 12.2%€1.12M▲ 18.5%
2021: €689klowest in 5 years
2022: €737k▲ +6.9% vs 2021
2023: €845k▲ +14.6% vs 2022
2024: €948k▲ +12.2% vs 2023
2025: €1.12M▲ +18.5% vs 2024highest in 5 years
Operating result€162k-€104k▼ 35.8%€133k▲ 27.2%€139k▲ 5.1%€239k▲ 71.4%
2021: €162k
2022: €104k▼ -35.8% vs 2021lowest in 5 years
2023: €133k▲ +27.2% vs 2022
2024: €139k▲ +5.1% vs 2023
2025: €239k▲ +71.4% vs 2024highest in 5 years
Net result€128k-€77k▼ 39.6%€103k▲ 32.9%€103k▲ 0.4%€176k▲ 70.2%
2021: €128k
2022: €77k▼ -39.6% vs 2021lowest in 5 years
2023: €103k▲ +32.9% vs 2022
2024: €103k▲ +0.4% vs 2023
2025: €176k▲ +70.2% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 71% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.67M
Fixed assets
€580k ▼ 6.6%
Current assets
€1.09M ▲ 28.9%
Equity and liabilities €1.67M
Equity
€1.12M ▲ 18.5%
Debt
€544k ▲ 5.4%
Debt's share of the balance-sheet total falls from 35.3% to 32.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€334k▲
2024 · €202k
Cash flow
€271k▲
2024 · €166k
Current ratio
3.94▼
2024 · 4.98
Debt to equity
0.48▼
2024 · 0.54
ROE
15.6%▲
2024 · 10.9%
ROA
10.5%▲
2024 · 7.1%
Interest coverage
27.85▲
2024 · 23.12
Debt ≤ 1 year
€276k▲
2024 · €169k
Debt > 1 year
€268k▼
2024 · €345k
Income taxes
€52k▲
2024 · €28k
Staff costs
€71k▲
2024 · €48k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.46M€1.67M▲
Fixed assets21/28€621k€580k▼
Tangible fixed assets22/27€620k€580k▼
Land and buildings22€371k€368k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€240k€205k▼
Financial fixed assets28€405€405=
Current assets29/58€844k€1.09M▲
Amounts receivable within one year40/41€290k€366k▲
Trade receivables40€262k€335k▲
Other amounts receivable41€28k€31k▲
Cash at bank and in hand54/58€554k€722k▲
Deferred charges and accrued income490/1-€62
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.67M▲
Equity10/15€948k€1.12M▲
Contributions10/11€20k€20k=
Reserves13€928k€1.10M▲
Tax-exempt reserves132€183k€183k=
Distributable reserves133€745k€921k▲
Amounts payable17/49€516k€544k▲
Amounts payable after more than one year17€345k€268k▼
Financial debts170/4€345k€268k▼
Amounts payable within one year42/48€169k€276k▲
Current portion of amounts payable after more than one year42€75k€77k▲
Trade debts44€80k€182k▲
Suppliers440/4€80k€182k▲
Taxes, remuneration and social security45€6k€9k▲
Taxes450/3€179€180▲
Remuneration and social security454/9€6k€8k▲
Other amounts payable47/48€8k€8k▲
Accrued charges and deferred income492/3€2k€421▼
Income statement
Code20242025
Remuneration, social security and pensions62€48k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€95k▲
Other operating charges640/8€23k€9k▼
Gross operating margin9900€273k€414k▲
Operating profit (loss)9901€139k€239k▲
Financial income75/76B€317€689▲
Recurring financial income75€317€689▲
Financial charges65/66B€9k€12k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€131k€228k▲
Income taxes67/77€28k€52k▲
Profit (loss) for the period9904€103k€176k▲
Profit (loss) for the period to be appropriated9905€103k€176k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€176k▲
Transfer to equity691/2€103k€176k▲
To other reserves6921€103k€176k▲
Social balance
Average headcount (FTE)90870.81.2▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1k | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €48k | €71k | ▲ 48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €89k | €55k | €48k | €63k | €95k | ▲ 52.1% |
| Other operating charges640/8 | €10k | €10k | €14k | €23k | €9k | ▼ 60.8% |
| Non-recurring operating charges66A | - | €500 | - | - | - | - |
| Gross operating margin9900 | €262k | €170k | €195k | €273k | €414k | ▲ 51.6% |
| Operating profit (loss)9901 | €162k | €104k | €133k | €139k | €239k | ▲ 71.4% |
| Financial income75/76B | €9k | €753 | €7k | €317 | €689 | ▲ 117% |
| Recurring financial income75 | €9k | €753 | €7k | €317 | €689 | ▲ 117% |
| Financial charges65/66B | €8k | €7k | €6k | €9k | €12k | ▲ 37.3% |
| Recurring financial charges65 | €8k | €7k | €6k | €9k | €12k | ▲ 37.3% |
| Profit (loss) for the period before taxes9903 | €163k | €98k | €134k | €131k | €228k | ▲ 73.7% |
| Income taxes67/77 | €35k | €21k | €31k | €28k | €52k | ▲ 86.8% |
| Profit (loss) for the period9904 | €128k | €77k | €103k | €103k | €176k | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | €128k | €77k | €103k | €103k | €176k | ▲ 70.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.23M | €1.17M | €1.21M | €1.46M | €1.67M | ▲ 13.9% |
| Fixed assets21/28 | €507k | €476k | €441k | €621k | €580k | ▼ 6.6% |
| Tangible fixed assets22/27 | €507k | €476k | €441k | €620k | €580k | ▼ 6.6% |
| Land and buildings22 | €440k | €417k | €394k | €371k | €368k | ▼ 0.8% |
| Plant, machinery and equipment23 | €3k | €2k | €7k | €10k | €7k | ▼ 27.0% |
| Furniture and vehicles24 | €64k | €55k | €39k | €240k | €205k | ▼ 14.6% |
| Other tangible fixed assets26 | - | €2k | €929 | - | - | - |
| Financial fixed assets28 | €405 | €405 | €405 | €405 | €405 | = |
| Current assets29/58 | €718k | €694k | €772k | €844k | €1.09M | ▲ 28.9% |
| Amounts receivable within one year40/41 | €231k | €251k | €234k | €290k | €366k | ▲ 26.3% |
| Trade receivables40 | €166k | €210k | €199k | €262k | €335k | ▲ 27.8% |
| Other amounts receivable41 | €66k | €42k | €35k | €28k | €31k | ▲ 11.6% |
| Cash at bank and in hand54/58 | €485k | €443k | €538k | €554k | €722k | ▲ 30.3% |
| Deferred charges and accrued income490/1 | €2k | - | €2 | - | €62 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.23M | €1.17M | €1.21M | €1.46M | €1.67M | ▲ 13.9% |
| Equity10/15 | €689k | €737k | €845k | €948k | €1.12M | ▲ 18.5% |
| Contributions10/11 | €15k | €15k | €20k | €20k | €20k | = |
| Reserves13 | €674k | €722k | €825k | €928k | €1.10M | ▲ 18.9% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €183k | €183k | €183k | €183k | €183k | = |
| Distributable reserves133 | €490k | €537k | €642k | €745k | €921k | ▲ 23.6% |
| Amounts payable17/49 | €536k | €434k | €368k | €516k | €544k | ▲ 5.4% |
| Amounts payable after more than one year17 | €298k | €256k | €221k | €345k | €268k | ▼ 22.4% |
| Financial debts170/4 | €298k | €256k | €221k | €345k | €268k | ▼ 22.4% |
| Amounts payable within one year42/48 | €239k | €178k | €147k | €169k | €276k | ▲ 62.9% |
| Current portion of amounts payable after more than one year42 | €60k | €42k | €35k | €75k | €77k | ▲ 2.8% |
| Trade debts44 | €124k | €98k | €91k | €80k | €182k | ▲ 126% |
| Suppliers440/4 | €124k | €98k | €91k | €80k | €182k | ▲ 126% |
| Taxes, remuneration and social security45 | €17k | - | €13k | €6k | €9k | ▲ 46.7% |
| Taxes450/3 | €14k | - | €6k | €179 | €180 | ▲ 0.5% |
| Remuneration and social security454/9 | €3k | - | €8k | €6k | €8k | ▲ 48.2% |
| Other amounts payable47/48 | €38k | €38k | €8k | €8k | €8k | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €421 | ▼ 81.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €128k | €77k | €103k | €103k | €176k | ▲ 70.2% |
| + Depreciation and write-downs630 | €89k | €55k | €48k | €63k | €95k | ▲ 52.1% |
| Operating cash flow (approximation) | €217k | €132k | €151k | €166k | €271k | ▲ 63.4% |
| Investment in fixed assets (approximation) | - | €-24k | €-13k | €-242k | €-55k | ▲ 77.4% |
| Change in cash | - | €-42k | €95k | €16k | €168k | ▲ 972% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €176k ▲70.2%
Operating result €239k, net result €176k, both a record.
30-09
Financial
Equity above €1MEq €1.12M ▲18.5%
8 profitable years in a row build equity to €1.12M.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €77k ▼39.6%
Net result drops to €77k, the lowest in the series; recovery starts the following year.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 52 days late
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Equity above €500kEq €515k ▲34.3%
2 profitable years in a row build equity to €515k.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Zulte · 1 establishment unit since 2012
Ground area
7,592 m²
Building footprint
424 m²
Volume, LiDAR
2,149 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kruispaille
since 20122.213.044.805
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081C0478/00S000 | Flanders | 4,578 m² | 1 · 288 m² | 9.1 m · 2 fl. |
| 45017B0719/00C000 | Flanders | 3,014 m² | 1 · 136 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 2025 · 4 entries · 1,210 EUR awarded · 1,210 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 165 EUR | 165 EUR |
| 2024 | 1 | 489 EUR | 489 EUR |
| 2023 | 1 | 263 EUR | 263 EUR |
| 2022 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
BEST TRAFFIX
BE 0862.318.320
Koekelberg · Eq €1,123,822
DALGA - TRANS
BE 0454.678.788
Genk · Eq €1,123,917
TLM TRANSPORT
BE 0650.847.729
Vleteren · Eq €1,124,294
TRANSMOSCA
BE 0430.930.814
Binche · Eq €1,122,862
AVELGEMSE TRANSPORTMAATSCHAPPIJ
BE 0449.411.391
Avelgem · Eq €1,122,664
Of 12,590 companies in sector 49410 we hold annual accounts for 8,199. 3,948 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-10-2012
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
46832Wholesale of timber
Scores and ratios are computed by Checked and are not a credit decision.