KUNSTGRASVELDEN CLUSTER 3
ActiveKUNSTGRASVELDEN CLUSTER 3 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €512k and a net result of €109k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 198 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
73
/ 100
Healthy▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+31
Solvency46▲+5
Growth62▲+16
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.01 against 2.43 in 2023), but 81% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 198 sector peers (2024).
NBB · sector comparisonPosition among 198 sector peers
Solvency
better than 22%
← weakest
strongest →
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
42 d early
2022
52 d early
2021
27 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€209k▲ 16.0%
2020 · €180k
2018: €211k
2019: €190k
2020: €180k
2018 → 2021
EBIT margin
10.4%▲ 15.2pp
2020 · -4.8%
2018: -3.6%
2019: -5.5%
2020: -4.8%
2018 → 2021
Net result
€109k▲ 95.4%
2023 · €56k
2018: €83k
2019: €9k
2020: €35k
2021: €46k
2022: €99k
2023: €56k
2018 → 2024
Working capital
€1.35M▼ 37.1%
2023 · €2.15M
2018: €8.00M
2019: €6.86M
2020: €5.67M
2021: €4.50M
2022: €3.36M
2023: €2.15M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€180k-€209k▲ 16.0%
Equity€202k-€248k▲ 22.8%€348k▲ 40.0%€404k▲ 16.0%€512k▲ 27.0%
Operating result€-9k-€22k€93k▲ 331%€55k▼ 41.3%€131k▲ 139%
Net result€35k-€46k▲ 30.3%€99k▲ 115%€56k▼ 43.9%€109k▲ 95.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 139% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €2.69M
Equity
€512k▲ 27.0%
Debt
€2.18M▼ 33.0%
The debt ratio falls from 89.0% to 81.0%: equity grows while debt is paid down.
Key figures and ratios
Solvency
19.0%▲
2023 · 11.0%
Current ratio
2.01▼
2023 · 2.43
Quick ratio
2.01▼
2023 · 2.43
Debt / equity
4.25▼
2023 · 8.05
ROE
21.2%▲
2023 · 13.8%
ROA
4.0%▲
2023 · 1.5%
Debt
€2.18M▼
2023 · €3.25M
Debt ≤ 1 year
€1.34M▼
2023 · €1.50M
Debt > 1 year
€840k▼
2023 · €1.75M
Income taxes
€38k▲
2023 · €24k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.65M€2.69M▼
Current assets29/58€3.65M€2.69M▼
Amounts receivable after more than one year29€1.70M€514k▼
Trade receivables290€1.70M€514k▼
Amounts receivable within one year40/41€1.84M€1.64M▼
Trade receivables40€486k€457k▼
Other amounts receivable41€1.35M€1.18M▼
Current investments50/53-€500k
Cash at bank and in hand54/58€119k€38k▼
Equity and liabilities
Total equity and liabilities10/49€3.65M€2.69M▼
Equity10/15€404k€512k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€336k€445k▲
Amounts payable17/49€3.25M€2.18M▼
Amounts payable after more than one year17€1.75M€840k▼
Financial debts170/4€1.75M€840k▼
Amounts payable within one year42/48€1.50M€1.34M▼
Current portion of amounts payable after more than one year42€1.26M€905k▼
Financial debts43€71k€71k=
Other loans439€71k€71k=
Trade debts44€79k€191k▲
Suppliers440/4€79k€191k▲
Taxes, remuneration and social security45€21k€33k▲
Taxes450/3€21k€33k▲
Other amounts payable47/48€69k€138k▲
Income statement
Code20232024
Other operating charges640/8€1k€1k▼
Gross operating margin9900€56k€132k▲
Operating profit (loss)9901€55k€131k▲
Financial income75/76B€228k€173k▼
Recurring financial income75€228k€173k▼
Financial charges65/66B€203k€158k▼
Recurring financial charges65€203k€158k▼
Profit (loss) for the period before taxes9903€79k€147k▲
Income taxes67/77€24k€38k▲
Profit (loss) for the period9904€56k€109k▲
Profit (loss) for the period to be appropriated9905€56k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€336k€445k▲
Profit (loss) brought forward from the previous period14P€280k€336k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €109k ▲95.4%
Operating result €131k, net result €109k, both a record.
31-12
Financial
Equity above €500kEq €512k ▲27%
7 profitable years in a row build equity to €512k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €202k ▲21.2%
3 profitable years in a row build equity to €202k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €9k ▼89.7%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 162 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-10-2024
D.S.R.T: Resigned as Director
28-10-2024
D.S.R.T: Resigned as Managing director
28-10-2024
DESIRE STADSBADER: Resigned as Director
28-10-2024
DESIRE STADSBADER: Resigned as Managing director
Location & real-estate footprint
Registered office, Harelbeke · 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.
Kanaalstraat 18530 HarelbekeGround area
6,085 m²
Building footprint
1,427 m²
Volume, LiDAR
7,055 m³
Parcel 34322C0676/00X000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kanaalstraat 1, 8530 Harelbeke
since 20152.242.296.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322C0676/00X000 | Flanders | 6,085 m² | 1 · 1,426 m² | 10.6 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
549300HG798C88SJ5U62
Similar companies · same sector, comparable size
BEPOPLAST
BE 0527.957.637
Roeselare · Eq €512k
PACIFIC
BE 0423.062.530
Sint-Niklaas · Eq €517k
SMISDOM
BE 0443.825.280
Sint-Truiden · Eq €499k
ACB-WJ PRODUCT SERVICES
BE 0837.479.885
Lummen · Eq €528k
MATERNI
BE 0502.583.031
Aalst · Eq €532k
Of 596 companies in sector 22260 we hold annual accounts for 278. 172 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-02-2015
Fiscal year end31-12
Activities, NACEBEL
22260Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.