N=N
ActiveThe computed 12-month bankruptcy probability of N=N is 3.8% (moderate). The 2025 annual accounts show equity of €269k and a net result of €29k. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 1187 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▼-45
Solvency28▼-5
Growth78=
Stability100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.19 in 2024), and 80.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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
19.7%
Return on assets
2.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1187 sector peers (2025).
NBB · sector comparisonPosition among 1187 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 31-07-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
1 d late
2024
1 d late
2023
11 d early
2022
on the day
2021
1 d late
2020
63 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€269k▲ 12.3%
2024 · €239k
2020: €21k
2021: €101k
2022: €141k
2023: €189k
2024: €239k
2020 → 2025
Total assets
€1.36M▲ 21.6%
2024 · €1.12M
2020: €67k
2021: €870k
2022: €981k
2023: €1.08M
2024: €1.12M
2020 → 2025
Net result
€29k▼ 80.4%
2024 · €150k
2020: €-29k
2021: €80k
2022: €135k
2023: €118k
2024: €150k
2020 → 2025
Working capital
€185k▲ 14.2%
2024 · €162k
2020: €4k
2021: €-263k
2022: €-90k
2023: €27k
2024: €162k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€141k▲ 40.1%€189k▲ 34.1%€239k▲ 26.7%€269k▲ 12.3%
Operating result€93k-€141k▲ 51.8%€134k▼ 5.2%€195k▲ 45.1%€56k▼ 71.3%
Net result€80k-€135k▲ 69.7%€118k▼ 12.8%€150k▲ 27.4%€29k▼ 80.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€103k▲ 9.8%
Current assets
€1.26M▲ 22.7%
Equity and liabilities €1.36M
Equity
€269k▲ 12.3%
Debt
€1.09M▲ 24.2%
The debt ratio rises from 78.6% to 80.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€127k▼
2024 · €276k
Cash flow
€100k▼
2024 · €232k
Solvency
19.7%▼
2024 · 21.4%
Current ratio
1.17▼
2024 · 1.19
Quick ratio
1.17▼
2024 · 1.19
Debt / equity
4.07▲
2024 · 3.68
ROE
10.9%▼
2024 · 62.8%
ROA
2.2%▼
2024 · 13.4%
Interest coverage
12.85▼
2024 · 83.47
Debt
€1.09M▲
2024 · €881k
Debt ≤ 1 year
€1.07M▲
2024 · €864k
Income taxes
€20k▼
2024 · €44k
Staff costs
€6.22M▲
2024 · €5.44M
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€1.12M€1.36M▲
Fixed assets21/28€94k€103k▲
Intangible fixed assets21€61k€10k▼
Tangible fixed assets22/27€26k€87k▲
Furniture and vehicles24€26k€76k▲
Other tangible fixed assets26-€11k
Financial fixed assets28€6k€6k▲
Current assets29/58€1.03M€1.26M▲
Amounts receivable within one year40/41€458k€896k▲
Trade receivables40€446k€363k▼
Other amounts receivable41€12k€534k▲
Cash at bank and in hand54/58€554k€342k▼
Deferred charges and accrued income490/1€13k€21k▲
Equity and liabilities
Total equity and liabilities10/49€1.12M€1.36M▲
Equity10/15€239k€269k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€189k€219k▲
Amounts payable17/49€881k€1.09M▲
Amounts payable within one year42/48€864k€1.07M▲
Financial debts43-€132k
Credit institutions430/8-€132k
Trade debts44€61k€96k▲
Suppliers440/4€61k€96k▲
Taxes, remuneration and social security45€703k€846k▲
Taxes450/3€10k€21k▲
Remuneration and social security454/9€693k€825k▲
Other amounts payable47/48€100k-
Accrued charges and deferred income492/3€17k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€5.44M€6.22M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€71k▼
Other operating charges640/8€5k€10k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€5.73M€6.35M▲
Operating profit (loss)9901€195k€56k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€3k€10k▲
Recurring financial charges65€3k€10k▲
Profit (loss) for the period before taxes9903€195k€49k▼
Income taxes67/77€44k€20k▼
Profit (loss) for the period9904€150k€29k▼
Profit (loss) for the period to be appropriated9905€150k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€289k€219k▼
Profit (loss) brought forward from the previous period14P€139k€189k▲
Profit to be distributed694/7€100k-
Directors or managers695€100k-
Social balance
Average headcount (FTE)9087177.5192.5▲
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
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 1 day late
2024
30-12
Financial
Highest result since 2020net €150k ▲27.4%
Operating result €195k, net result €150k, both a record.
30-12
Financial
Equity above €200kEq €239k ▲26.7%
4 profitable years in a row build equity to €239k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-12
Financial
Equity above €150kEq €189k ▲34.1%
3 profitable years in a row build equity to €189k.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
30-12
Financial
Equity above €100kEq €101k ▲383%
Equity rises from €21k to €101k.
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2024
Limpia invest CommV.
CurrentDirector · since 01-12-2022 · Legal entity · perm. rep.: Vanoirbeek Roger
18-11-2024
Laura Geurts: Resigned as Director
18-11-2024
LIMPIA INVEST CommV: Resigned as Permanent representative
18-11-2024
LIMPIA INVEST CommV: Appointed as Permanent representative
01-12-2022
Limpia invest CommV.: Appointed as Director
01-12-2022
Laura Geurts: Appointed as Director
01-12-2022
Leen Ceyssens: Resigned as Director
Location & real-estate footprint
Registered office, Bree · 5 establishment units since 2019
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.
Kloosterpoort 483960 BreeGround area
1.3 ha
Building footprint
1,650 m²
Volume, LiDAR
20,120 m³
5 parcels, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
5 establishment units
N=N
since 20192.291.478.906
NET=NET
since 20212.315.243.015
NET=NET
since 20212.315.243.114
NET=NET
since 20242.357.344.874
NET=NET
since 20262.385.312.746
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73347A0363/00N005 | Flanders | 7,192 m² | 1 · 728 m² | 19.6 m · 5 fl. |
| 71011I2426/00B000 | Flanders | 2,751 m² | 1 · 236 m² | 15.8 m · 4 fl. |
| 72022B0759/00E000 | Flanders | 2,542 m² | 1 · 293 m² | 11.7 m · 3 fl. |
| 73060B0053/00C002 | Flanders | 638 m² | 1 · 231 m² | 15.9 m · 3 fl. |
| 72004B0787/00N000 | Flanders | 229 m² | 1 · 161 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 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
LA LOCOMOBILE
BE 0834.028.863
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HK TECHNIC SOLUTIONS
BE 0763.910.236
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DNIX
BE 0840.190.046
Kraainem · Eq €268k
MULTI-CLEANUP
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MS CLEANING
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Of 7,264 companies in sector 81210 we hold annual accounts for 2,687. 1,759 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-07-2019
Fiscal year end30-12
Activities, NACEBEL
81210General cleaning of buildings
96910Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.