MEDAL
ActiveMEDAL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.07M and a net result of €330k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 304 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-18
Solvency89▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.86 in 2023; short-term debt: 35.5% and cash: 5.9% of total assets), and 35.6% 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 31
Relative position
BE, all sectors
reference
Sector 31
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.4%
Return on assets
10.3%
Age of the figures
21 mo
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 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
37 d early
2022
52 d early
2021
34 d early
2020
36 d early
2019
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€2.07M▲ 18.9%
2023 · €1.74M
2018: €970k
2019: €925k
2020: €1.04M
2021: €1.12M
2022: €1.28M
2023: €1.74M
2018 → 2024
Total assets
€3.22M▲ 11.2%
2023 · €2.89M
2018: €1.46M
2019: €1.55M
2020: €1.72M
2021: €1.41M
2022: €1.87M
2023: €2.89M
2018 → 2024
Net result
€330k▼ 56.5%
2023 · €759k
2018: €-110k
2019: €-45k
2020: €112k
2021: €85k
2022: €162k
2023: €759k
2018 → 2024
Working capital
€1.10M▲ 13.9%
2023 · €967k
2018: €219k
2019: €177k
2020: €281k
2021: €371k
2022: €528k
2023: €967k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.04M-€1.12M▲ 8.2%€1.28M▲ 14.4%€1.74M▲ 35.7%€2.07M▲ 18.9%
Operating result€133k-€103k▼ 22.3%€156k▲ 51.4%€299k▲ 91.4%€463k▲ 54.8%
Net result€112k-€85k▼ 23.7%€162k▲ 89.1%€759k▲ 370%€330k▼ 56.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 55% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.22M
Fixed assets
€974k▲ 22.2%
Current assets
€2.24M▲ 7.0%
Equity and liabilities €3.22M
Equity
€2.07M▲ 18.9%
Debt
€1.14M▼ 0.6%
The debt ratio falls from 39.8% to 35.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€529k▲
2023 · €315k
Cash flow
€396k▼
2023 · €775k
Solvency
64.4%▲
2023 · 60.2%
Current ratio
1.96▲
2023 · 1.86
Quick ratio
0.72▼
2023 · 0.83
Debt / equity
0.55▼
2023 · 0.66
ROE
15.9%▼
2023 · 43.5%
ROA
10.3%▼
2023 · 26.2%
Interest coverage
18.76▲
2023 · 7.49
Debt
€1.14M▼
2023 · €1.15M
Debt ≤ 1 year
€1.14M▲
2023 · €1.13M
Income taxes
€110k▲
2023 · €75k
Staff costs
€55k▲
2023 · €53k
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€2.89M€3.22M▲
Fixed assets21/28€797k€974k▲
Intangible fixed assets21€12k€17k▲
Tangible fixed assets22/27€57k€228k▲
Plant, machinery and equipment23€54k€100k▲
Furniture and vehicles24€3k€128k▲
Financial fixed assets28€728k€728k=
Current assets29/58€2.10M€2.24M▲
Stocks and contracts in progress3€1.16M€1.42M▲
Stocks30/36€1.16M€1.42M▲
Amounts receivable within one year40/41€513k€635k▲
Trade receivables40€513k€619k▲
Other amounts receivable41-€15k
Cash at bank and in hand54/58€428k€190k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.89M€3.22M▲
Equity10/15€1.74M€2.07M▲
Contributions10/11€1.25M€1.25M=
Capital10€1.25M€1.25M=
Issued capital100€1.25M€1.25M=
Reserves13€125k€125k=
Non-distributable reserves130/1€125k€125k=
Legal reserve130€125k€125k=
Profit (loss) carried forward14€368k€698k▲
Amounts payable17/49€1.15M€1.14M▼
Amounts payable within one year42/48€1.13M€1.14M▲
Trade debts44€427k€526k▲
Suppliers440/4€427k€526k▲
Taxes, remuneration and social security45€58k€69k▲
Taxes450/3€51k€61k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€646k€549k▼
Accrued charges and deferred income492/3€21k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€53k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€66k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-95k€654▲
Other operating charges640/8€22k€25k▲
Gross operating margin9900€296k€609k▲
Operating profit (loss)9901€299k€463k▲
Financial income75/76B€576k€5k▼
Recurring financial income75€576k€5k▼
Financial charges65/66B€42k€28k▼
Recurring financial charges65€42k€28k▼
Profit (loss) for the period before taxes9903€834k€440k▼
Income taxes67/77€75k€110k▲
Profit (loss) for the period9904€759k€330k▼
Profit (loss) for the period to be appropriated9905€759k€330k▼
Appropriation of the result
Profit (loss) to be appropriated9906€708k€698k▼
Profit (loss) brought forward from the previous period14P€-51k€368k▲
Transfer to equity691/2€40k-
To the legal reserve6920€40k-
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.07M ▲18.9%
5 profitable years in a row build equity to €2.07M.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €759k ▲370%
Net result €759k, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €112k
Net result €112k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.04M ▲12.1%
Equity rises from €925k to €1.04M.
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Bornem · 1 establishment unit since 2001
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.
Puursesteenweg(BOR) 3992880 BornemGround area
9,368 m²
Building footprint
5,043 m²
Volume, LiDAR
31,817 m³
Parcel 12007C0303/00E000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Puursesteenweg(BOR) 399, 2880 Bornem
since 20012.101.247.355
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0303/00E000 | Flanders | 9,368 m² | 1 · 5,042 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 6,300 EUR awarded · 6,300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 6,300 EUR |
| 2023 | 1 | 6,300 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Legal Entity Identifier
549300GSHPYU6XALMT02
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Of 1,499 companies in sector 31004 we hold annual accounts for 620. 270 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-02-2001
Fiscal year end31-12
Activities, NACEBEL
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36111
36141
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.