N-L
ActiveN-L has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €401k and a net result of €46k. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 44% of 10252 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
62
/ 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
Profitability56▲+8
Solvency57▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.47 in 2024; short-term debt: 36.1% and cash: 5.6% of total assets), but 68.4% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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 2025Solvency, return and age of the figures
Solvency
31.6%
Return on assets
3.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
1 d early
2023
20 d early
2022
31 d early
2021
31 d late
2020
86 d late
2019
67 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€46k▲ 47.2%
2024 · €31k
2018: €21k
2019: €26k
2020: €30k
2021: €18k
2022: €38k
2023: €39k
2024: €31k
2018 → 2025
Working capital
€255k▲ 15.5%
2024 · €221k
2018: €21k
2019: €45k
2020: €94k
2021: €63k
2022: €78k
2023: €124k
2024: €221k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€247k-€286k▲ 15.5%€325k▲ 13.7%€356k▲ 9.5%€401k▲ 12.8%
Operating result€57k-€78k▲ 37.0%€107k▲ 37.5%€102k▼ 5.0%€106k▲ 4.4%
Net result€18k-€38k▲ 119%€39k▲ 2.5%€31k▼ 21.1%€46k▲ 47.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€557k▼ 8.0%
Current assets
€713k▲ 3.1%
Equity and liabilities €1.27M
Equity
€401k▲ 12.8%
Debt
€869k▼ 7.7%
The debt ratio falls from 72.6% to 68.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157k▲
2024 · €153k
Cash flow
€97k▲
2024 · €83k
Solvency
31.6%▲
2024 · 27.4%
Current ratio
1.56▲
2024 · 1.47
Quick ratio
0.21▲
2024 · 0.20
Debt / equity
2.16▼
2024 · 2.64
ROE
11.3%▲
2024 · 8.7%
ROA
3.6%▲
2024 · 2.4%
Interest coverage
3.96▲
2024 · 3.09
Debt
€869k▼
2024 · €941k
Debt ≤ 1 year
€459k▼
2024 · €471k
Debt > 1 year
€379k▼
2024 · €444k
Income taxes
€22k▲
2024 · €22k
Staff costs
€36k▲
2024 · €35k
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€1.30M€1.27M▼
Fixed assets21/28€605k€557k▼
Tangible fixed assets22/27€604k€555k▼
Land and buildings22€556k€522k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€3k€2k▼
Leasing and similar rights25€44k€30k▼
Financial fixed assets28€1k€1k=
Current assets29/58€692k€713k▲
Stocks and contracts in progress3€599k€615k▲
Stocks30/36€599k€615k▲
Amounts receivable within one year40/41€8k€16k▲
Trade receivables40€8k€14k▲
Other amounts receivable41€327€3k▲
Cash at bank and in hand54/58€72k€72k▼
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.27M▼
Equity10/15€356k€401k▲
Contributions10/11€20k€20k=
Reserves13€71k€71k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€265k€311k▲
Amounts payable17/49€941k€869k▼
Amounts payable after more than one year17€444k€379k▼
Financial debts170/4€409k€340k▼
Other amounts payable178/9€35k€39k▲
Amounts payable within one year42/48€471k€459k▼
Current portion of amounts payable after more than one year42€93k€79k▼
Financial debts43€0€25k▲
Credit institutions430/8€0€25k▲
Trade debts44€274k€261k▼
Suppliers440/4€274k€261k▼
Advances received on contracts in progress46€12k€18k▲
Taxes, remuneration and social security45€82k€75k▼
Taxes450/3€77k€71k▼
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3€25k€31k▲
Income statement
Code20242025
Non-recurring operating income76A€1k€30▼
Remuneration, social security and pensions62€35k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€51k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€52k€26k▼
Other operating charges640/8€11k€12k▲
Non-recurring operating charges66A€790€2k▲
Gross operating margin9900€252k€233k▼
Operating profit (loss)9901€102k€106k▲
Financial income75/76B€621€1k▲
Recurring financial income75€621€1k▲
Financial charges65/66B€50k€40k▼
Recurring financial charges65€50k€40k▼
Profit (loss) for the period before taxes9903€53k€68k▲
Income taxes67/77€22k€22k▲
Profit (loss) for the period9904€31k€46k▲
Profit (loss) for the period to be appropriated9905€31k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€265k€311k▲
Profit (loss) brought forward from the previous period14P€234k€265k▲
Social balance
Average headcount (FTE)90870.70.7=
The notes to these accounts (23 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €46k ▲47.2%
Net result €46k, the highest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €18k ▼42.3%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 86 days late
2020
31-12
Financial
Equity above €200kEq €230k ▲15.2%
3 profitable years in a row build equity to €230k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Incourt · 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.
Rue de Dongelberg 15A1315 IncourtGround area
1.3 ha
Building footprint
560 m²
Volume, LiDAR
2,790 m³
2 parcels, Wallonia · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STYL
since 20012.098.696.849
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25043B0214/00M000 | Wallonia | 1.2 ha | 1 · 315 m² | 13.1 m · 3 fl. |
| 25051D0022/00F002 | Wallonia | 947 m² | 1 · 246 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SMILE.be
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RASKIN
BE 0432.881.009
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DUMON EVELYNE
BE 0599.853.047
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Octo Sept
BE 0541.692.540
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Of 2,212 companies in sector 47711 we hold annual accounts for 890. 549 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2001
Fiscal year end31-12
Activities, NACEBEL
47711Retail sale of women's outerwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
47722Retail trade
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.