LAUNDRY SOLUTIONS
ActiveLAUNDRY SOLUTIONS has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.37M and a net result of €1.71M. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 296 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+4
Solvency41▲+1
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.51 in 2024; short-term debt: 52.3% and cash: 4.8% of total assets), and 84.2% 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
15.8%
Return on assets
8%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 14-10-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
78 d late
2023
11 d early
2022
12 d early
2021
17 d late
2020
15 d early
2019
6 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close16-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€22.62M▲ 169%
2024 · €8.40M
2019: €6.60M
2021: €2.75M
2022: €5.28M
2023: €7.63M
2024: €8.40M
2019 → 2025
EBIT margin
11.3%▲ 3.4pp
2024 · 7.8%
2019: 0.7%
2021: 3.1%
2022: 1.6%
2023: 2.9%
2024: 7.8%
2019 → 2025
Net result
€1.71M▲ 355%
2024 · €375k
2019: €6k
2021: €34k
2022: €27k
2023: €94k
2024: €375k
2019 → 2025
Working capital
€-4.12M▼ 5.9%
2024 · €-3.89M
2019: €-2.01M
2021: €-2.30M
2022: €-2.88M
2023: €-2.31M
2024: €-3.89M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.75M-€5.28M▲ 91.8%€7.63M▲ 44.3%€8.40M▲ 10.2%€22.62M▲ 169%
Equity€1.17M-€1.19M▲ 2.3%€1.29M▲ 7.9%€1.66M▲ 29.1%€3.37M▲ 103%
Operating result€85k-€82k▼ 3.2%€218k▲ 165%€660k▲ 202%€2.55M▲ 287%
Net result€34k-€27k▼ 20.2%€94k▲ 246%€375k▲ 300%€1.71M▲ 355%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 287% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.26M
Fixed assets
€14.25M▲ 102%
Current assets
€7.01M▲ 75.3%
Equity and liabilities €21.26M
Equity
€3.37M▲ 103%
Debt
€17.89M▲ 90.5%
The debt ratio falls from 85.0% to 84.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7.18M▲
2024 · €2.40M
Cash flow
€6.33M▲
2024 · €2.12M
Solvency
15.8%▲
2024 · 15.0%
Current ratio
0.63▲
2024 · 0.51
Quick ratio
0.61▲
2024 · 0.50
Debt / equity
5.31▼
2024 · 5.65
ROE
50.7%▲
2024 · 22.6%
ROA
8.0%▲
2024 · 3.4%
Interest coverage
72.88▲
2024 · 16.23
Debt
€17.89M▲
2024 · €9.39M
Debt ≤ 1 year
€11.12M▲
2024 · €7.88M
Debt > 1 year
€6.74M▲
2024 · €1.51M
Income taxes
€329k▲
2024 · €153k
Staff costs
€7.57M▲
2024 · €2.29M
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€11.06M€21.26M▲
Fixed assets21/28€7.06M€14.25M▲
Intangible fixed assets21€84k€120k▲
Tangible fixed assets22/27€4.55M€14.12M▲
Land and buildings22€180k€283k▲
Plant, machinery and equipment23€3.27M€8.34M▲
Furniture and vehicles24€484k€546k▲
Leasing and similar rights25€613k€4.93M▲
Other tangible fixed assets26-€20k
Financial fixed assets28€2.42M€11k▼
Affiliated companies280/1€2.42M€1▼
Participating interests280€2.42M€1▼
Other financial fixed assets284/8€5k€11k▲
Amounts receivable and cash guarantees285/8€5k€11k▲
Current assets29/58€4.00M€7.01M▲
Stocks and contracts in progress3€65k€178k▲
Stocks30/36€65k€178k▲
Raw materials and consumables30/31€65k€178k▲
Amounts receivable within one year40/41€2.87M€5.57M▲
Trade receivables40€2.31M€5.01M▲
Other amounts receivable41€559k€562k▲
Cash at bank and in hand54/58€943k€1.02M▲
Deferred charges and accrued income490/1€114k€245k▲
Equity and liabilities
Total equity and liabilities10/49€11.06M€21.26M▲
Equity10/15€1.66M€3.37M▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€1.11M€1.68M▲
Non-distributable reserves130/1€7k€17k▲
Legal reserve130€7k€7k=
Reserves not available under the articles1311-€9k
Tax-exempt reserves132€225k€776k▲
Distributable reserves133€876k€888k▲
Profit (loss) carried forward14€479k€1.61M▲
Amounts payable17/49€9.39M€17.89M▲
Amounts payable after more than one year17€1.51M€6.74M▲
Financial debts170/4€1.51M€6.74M▲
Leasing and similar obligations172€306k€2.96M▲
Credit institutions173€1.21M€3.79M▲
Amounts payable within one year42/48€7.88M€11.12M▲
Current portion of amounts payable after more than one year42€793k€3.10M▲
Financial debts43€908k€1.59M▲
Credit institutions430/8€908k€1.59M▲
Trade debts44€3.73M€2.89M▼
Suppliers440/4€3.73M€2.89M▼
Taxes, remuneration and social security45€538k€1.38M▲
Taxes450/3€123k€27k▼
Remuneration and social security454/9€416k€1.36M▲
Other amounts payable47/48€1.92M€2.16M▲
Accrued charges and deferred income492/3-€24k
Income statement
Code20242025
Operating income70/76A€9.41M€25.77M▲
Turnover70€8.40M€22.62M▲
Own construction capitalised72€39k€154k▲
Other operating income74€971k€2.03M▲
Non-recurring operating income76A-€958k
Operating charges60/66A€8.75M€23.22M▲
Goods for resale, raw materials and consumables60€900k€855k▼
Purchases600/8€922k€825k▼
Change in stocks: decrease (increase)609€-22k€30k▲
Services and other goods61€3.85M€9.80M▲
Remuneration, social security and pensions62€2.29M€7.57M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.74M€4.62M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-65k€-366k▼
Other operating charges640/8€29k€596k▲
Non-recurring operating charges66A-€140k
Operating profit (loss)9901€660k€2.55M▲
Financial income75/76B€29k€56k▲
Recurring financial income75€29k€56k▲
Other financial income752/9€29k€56k▲
Financial charges65/66B€160k€574k▲
Recurring financial charges65€160k€574k▲
Debt charges650€148k€98k▼
Other financial charges652/9€12k€476k▲
Profit (loss) for the period before taxes9903€528k€2.03M▲
Income taxes67/77€153k€329k▲
Taxes670/3€155k€329k▲
Tax adjustments and reversals of tax provisions77€3k-
Profit (loss) for the period9904€375k€1.71M▲
Transfer to tax-exempt reserves689€147k€573k▲
Profit (loss) for the period to be appropriated9905€228k€1.13M▲
Appropriation of the result
Profit (loss) to be appropriated9906€479k€1.61M▲
Profit (loss) brought forward from the previous period14P€251k€479k▲
Social balance
Average headcount (FTE)908751.1163.3▲
The notes to these accounts (96 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
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €1.71M ▲355%
Operating result €2.55M, net result €1.71M, both a record.
31-03
Financial
Equity above €2MEq €3.37M ▲103%
6 profitable years in a row build equity to €3.37M.
17-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 78 days late
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
03-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2016
31-10
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
19 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, Deinze · 3 establishment units since 1981
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.
Dorpsstraat 1059800 DeinzeGround area
1.1 ha
Building footprint
7,704 m²
Volume, LiDAR
52,457 m³
3 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
LAUNDRY SOLUTIONS
since 19812.018.210.110
Laundry Solutions
since 20242.364.239.693
Laundry Solutions
since 20242.364.239.792
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42025G0753/00K000 | Flanders | 4,999 m² | 1 · 3,041 m² | 9.8 m · 3 fl. |
| 31040D0431/00S000 | Flanders | 3,259 m² | 1 · 2,617 m² | 9.8 m · 2 fl. |
| 44004C0169/00B005 | Flanders | 2,549 m² | 1 · 2,046 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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 · 3 entries · 6,930 EUR awarded · 6,930 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,842 EUR | 1,842 EUR |
| 2024 | 1 | 1,108 EUR | 1,108 EUR |
| 2022 | 1 | 3,980 EUR | 3,980 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
POLYTEX
BE 0446.820.305
Eupen · Eq €3.45M
MALYSSE
BE 0454.026.118
Kortrijk · Eq €3.18M
Edelweiss-Wakken
BE 0405.183.945
Dentergem · Eq €3.15M
RIDEAUPRESS
BE 0430.696.628
Vilvoorde · Eq €3.86M
MIREILLE
BE 0415.148.815
Heusden-Zolder · Eq €2.76M
Of 430 companies in sector 96101 we hold annual accounts for 254. 79 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1980
Fiscal year end31-03
Activities, NACEBEL
93011
93012
96101Personal service activities
96102Launderettes and laundries for private customers
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.