M.L. union
ActiveM.L. union has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283k and a net result of €-34k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 25% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency36▲+8
Growth52=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity tight (current ratio 1.21 against 1.18 in 2024), and 77.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 41
Relative position
BE, all sectors
reference
Sector 41
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
22.5%
Return on assets
-2.7%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€34k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 25%
← weakest
strongest →
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 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
2 d late
2022
3 d late
2021
2 d late
2020
10 d late
2019
29 d late
← 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 close15-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-34k▼ 262%
2024 · €-9k
2019: €65k
2020: €53k
2021: €50k
2022: €61k
2023: €20k
2024: €-9k
2019 → 2025
Working capital
€151k▼ 15.7%
2024 · €179k
2019: €17k
2020: €76k
2021: €249k
2022: €262k
2023: €302k
2024: €179k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€245k-€306k▲ 24.7%€326k▲ 6.4%€316k▼ 2.8%€283k▼ 10.6%
Operating result€86k-€111k▲ 28.8%€54k▼ 50.9%€19k▼ 65.0%€16k▼ 14.2%
Net result€50k-€61k▲ 20.4%€20k▼ 67.7%€-9k€-34k▼ 262%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 14% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€378k▼ 25.8%
Current assets
€878k▼ 24.7%
Equity and liabilities €1.26M
Equity
€283k▼ 10.6%
Debt
€973k▼ 28.4%
The debt ratio falls from 81.1% to 77.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€156k▲
2024 · €111k
Cash flow
€106k▲
2024 · €83k
Solvency
22.5%▲
2024 · 18.9%
Current ratio
1.21▲
2024 · 1.18
Quick ratio
0.72▼
2024 · 0.81
Debt / equity
3.44▼
2024 · 4.30
ROE
-11.8%▼
2024 · -2.9%
ROA
-2.7%▼
2024 · -0.6%
Interest coverage
3.11▼
2024 · 3.92
Debt
€973k▼
2024 · €1.36M
Debt ≤ 1 year
€727k▼
2024 · €986k
Debt > 1 year
€247k▼
2024 · €372k
Staff costs
€24k▼
2024 · €45k
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€1.68M€1.26M▼
Fixed assets21/28€510k€378k▼
Tangible fixed assets22/27€508k€377k▼
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€52k€39k▼
Leasing and similar rights25€446k€332k▼
Financial fixed assets28€2k€1k▼
Current assets29/58€1.17M€878k▼
Stocks and contracts in progress3€364k€356k▼
Stocks30/36€364k€356k▼
Amounts receivable within one year40/41€794k€486k▼
Trade receivables40€649k€369k▼
Other amounts receivable41€146k€117k▼
Cash at bank and in hand54/58€885€24k▲
Deferred charges and accrued income490/1€6k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.68M€1.26M▼
Equity10/15€316k€283k▼
Contributions10/11€6k€6k=
Reserves13€172k€172k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€170k€170k=
Profit (loss) carried forward14€138k€105k▼
Amounts payable17/49€1.36M€973k▼
Amounts payable after more than one year17€372k€247k▼
Financial debts170/4€372k€247k▼
Amounts payable within one year42/48€986k€727k▼
Current portion of amounts payable after more than one year42€124k€126k▲
Financial debts43€229k€267k▲
Credit institutions430/8€229k€267k▲
Trade debts44€605k€263k▼
Suppliers440/4€605k€263k▼
Taxes, remuneration and social security45€26k€38k▲
Taxes450/3€26k€35k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€2k€33k▲
Accrued charges and deferred income492/3€741€0▼
Income statement
Code20242025
Non-recurring operating income76A€87k€15k▼
Remuneration, social security and pensions62€45k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€139k▲
Other operating charges640/8€26k€10k▼
Non-recurring operating charges66A€8k€6k▼
Gross operating margin9900€190k€196k▲
Operating profit (loss)9901€19k€16k▼
Financial income75/76B€13€258▲
Recurring financial income75€13€258▲
Financial charges65/66B€28k€50k▲
Recurring financial charges65€28k€50k▲
Profit (loss) for the period before taxes9903€-9k€-34k▼
Profit (loss) for the period9904€-9k€-34k▼
Profit (loss) for the period to be appropriated9905€-9k€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€105k▼
Profit (loss) brought forward from the previous period14P€148k€138k▼
Social balance
Average headcount (FTE)90872.20.7▼
The notes to these accounts (14 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
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 2 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
31-03
Financial
Equity above €200kEq €245k ▲25.8%
3 profitable years in a row build equity to €245k.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
31-03
Financial
Equity above €150kEq €195k ▲37.2%
2 profitable years in a row build equity to €195k.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2017
24-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-09
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
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, Bouillon · 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.
Rue de la Semois,Les Hayons 36830 BouillonGround area
2,262 m²
Building footprint
117 m²
Volume, LiDAR
949 m³
Parcel 84034A0870/00N000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Semois,Les Hayons 3, 6830 Bouillon
since 20152.249.600.442
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84034A0870/00N000 | Wallonia | 2,262 m² | 1 · 117 m² | 9.5 m · 3 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
6488ET7Q02B7Y8VV4622
Similar companies · same sector, comparable size
GEENSCO
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BETRIBO
BE 0837.871.548
Zottegem · Eq €283k
DE GREEF & C°
BE 0460.287.071
Berlare · Eq €283k
RLR CONSTRUCT
BE 0894.580.718
Roeselare · Eq €283k
Edial Wonen
BE 0860.140.075
Ninove · Eq €283k
Of 29,535 companies in sector 41001 we hold annual accounts for 15,872. 11,035 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2007
Fiscal year end31-03
Activities, NACEBEL
41001General construction of residential buildings
46190Agents in non-specialised wholesale trade
46900Non-specialised wholesale trade
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.