Mestdagh-B is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €328k and a net result of €461k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 68% of 1471 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €328k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
32 d early
2022
34 d early
2021
34 d early
2020
9 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€328k▲ 80.1%
2024 · €182k
2019: €163k
2020: €300k
2021: €424k
2022: €253k
2023: €192k
2024: €182k
2019 → 2025
Net result
€461k▼ 10.5%
2024 · €515k
2019: €151k
2020: €257k
2021: €244k
2022: €229k
2023: €248k
2024: €515k
2019 → 2025
Total assets
€545k▲ 38.7%
2024 · €393k
2019: €338k
2020: €472k
2021: €589k
2022: €688k
2023: €343k
2024: €393k
2019 → 2025
Solvency
60.2%▲ 13.9pp
2024 · 46.3%
2019: 48.3%
2020: 63.6%
2021: 72.0%
2022: 36.8%
2023: 56.0%
2024: 46.3%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€424k-€253k▼ 40.3%€192k▼ 24.0%€182k▼ 5.3%€328k▲ 80.1%
Operating result€288k-€274k▼ 4.9%€301k▲ 9.7%€633k▲ 111%€554k▼ 12.5%
Net result€244k-€229k▼ 6.1%€248k▲ 8.4%€515k▲ 107%€461k▼ 10.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €545k
Fixed assets
€27k▼ 7.4%
Current assets
€518k▲ 42.4%
Equity and liabilities €545k
Equity
€328k▲ 80.1%
Debt
€217k▲ 2.9%
The debt ratio falls from 53.7% to 39.8%. Equity and debt are higher.
Key figures and ratios
Solvency
60.2%▲
2024 · 46.3%
ROE
140.5%▼
2024 · 282.7%
ROA
84.5%▼
2024 · 130.9%
Debt
€217k▲
2024 · €211k
Debt ≤ 1 year
€217k▲
2024 · €211k
Income taxes
€98k▼
2024 · €125k
Staff costs
€222k▲
2024 · €165k
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€393k€545k▲
Fixed assets21/28€29k€27k▼
Tangible fixed assets22/27€29k€27k▼
Furniture and vehicles24€29k€27k▼
Current assets29/58€364k€518k▲
Amounts receivable within one year40/41€35k€32k▼
Other amounts receivable41€35k€32k▼
Cash at bank and in hand54/58€243k€399k▲
Deferred charges and accrued income490/1€87k€87k▲
Equity and liabilities
Total equity and liabilities10/49€393k€545k▲
Equity10/15€182k€328k▲
Contributions10/11€40k€40k=
Reserves13€142k€288k▲
Tax-exempt reserves132€186€186=
Distributable reserves133€142k€288k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€211k€217k▲
Amounts payable within one year42/48€211k€217k▲
Trade debts44€15k€15k▼
Suppliers440/4€15k€15k▼
Taxes, remuneration and social security45€27k€28k▲
Taxes450/3€7k€3k▼
Remuneration and social security454/9€19k€25k▲
Other amounts payable47/48€169k€175k▲
Income statement
Code20242025
Remuneration, social security and pensions62€165k€222k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€908€742▼
Gross operating margin9900€810k€786k▼
Operating profit (loss)9901€633k€554k▼
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€244€66▼
Recurring financial charges65€244€66▼
Profit (loss) for the period before taxes9903€640k€559k▼
Income taxes67/77€125k€98k▼
Profit (loss) for the period9904€515k€461k▼
Profit (loss) for the period to be appropriated9905€515k€461k▼
Appropriation of the result
Profit (loss) to be appropriated9906€515k€461k▼
Transfer from equity791/2€50k€140k▲
Transfer to equity691/2€40k€286k▲
To other reserves6921€40k€286k▲
Profit to be distributed694/7€525k€315k▼
Return on contributions (dividend)694€375k€140k▼
Directors or managers695€150k€175k▲
Social balance
Average headcount (FTE)90872.32.9▲
The notes to these accounts (8 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
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200kEq €328k ▲80.1%
7 profitable years in a row build equity to €328k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €515k ▲107%
Operating result €633k, net result €515k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €300k ▲83.7%
2 profitable years in a row build equity to €300k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Torhout · 1 establishment unit since 2018
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.
Aartrijkestraat 398820 TorhoutGround area
1,383 m²
Building footprint
264 m²
Volume, LiDAR
1,341 m³
Parcel 31522B0526/00T000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mestdagh-B
since 20182.280.464.654
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0526/00T000 | Flanders | 1,383 m² | 1 · 263 m² | 8.9 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.
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Of 1,680 companies in sector 66191 we hold annual accounts for 1,229. 1,063 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2018
Fiscal year end31-12
Activities, NACEBEL
66191Agents and brokers in banking services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.