NGRN4
ActiveNGRN4 has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-15
Solvency25▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 0.2 in 2024; short-term debt: 24.1% and cash: 13.9% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 14079 sector peers (2025).
NBB · sector comparisonPosition among 14079 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
8 d early
2022
32 d late
2021
26 d early
2020
13 d late
2019
on the day
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-2k▲ 91.0%
2024 · €-17k
2018: €4k
2019: €942
2020: €-12k
2021: €-27k
2022: €-31k
2023: €-28k
2024: €-17k
2018 → 2025
Total assets
€870k▲ 54.6%
2024 · €563k
2018: €53k
2019: €62k
2020: €247k
2021: €545k
2022: €604k
2023: €576k
2024: €563k
2018 → 2025
Net result
€15k▲ 38.1%
2024 · €11k
2018: €-14k
2019: €-3k
2020: €-12k
2021: €-15k
2022: €-4k
2023: €3k
2024: €11k
2018 → 2025
Working capital
€-78k▲ 3.1%
2024 · €-80k
2018: €-45k
2019: €2k
2020: €21k
2021: €-29k
2022: €-91k
2023: €-138k
2024: €-80k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-27k-€-31k▼ 16.1%€-28k▲ 9.8%€-17k▲ 39.7%€-2k▲ 91.0%
Operating result€-6k-€4k€11k▲ 158%€19k▲ 71.6%€30k▲ 55.0%
Net result€-15k-€-4k▲ 71.5%€3k€11k▲ 267%€15k▲ 38.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €870k
Fixed assets
€738k▲ 35.8%
Current assets
€132k▲ 577%
Key figures and ratios
EBITDA
€55k▲
2024 · €45k
Cash flow
€41k▲
2024 · €37k
Solvency
-0.2%▲
2024 · -3.0%
Current ratio
0.63▲
2024 · 0.20
Quick ratio
0.63▲
2024 · 0.20
ROA
1.8%▼
2024 · 2.0%
Interest coverage
3.87▼
2024 · 5.59
Debt
€871k▲
2024 · €579k
Debt ≤ 1 year
€210k▲
2024 · €100k
Debt > 1 year
€661k▲
2024 · €478k
A ratio outside any meaningful range has been withheld (balance sheet total €870k, equity €-2k).
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€563k€870k▲
Fixed assets21/28€543k€738k▲
Tangible fixed assets22/27€543k€738k▲
Land and buildings22€543k€517k▼
Assets under construction and advance payments27-€220k
Current assets29/58€19k€132k▲
Amounts receivable within one year40/41€2k€11k▲
Trade receivables40€2k€8k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€17k€120k▲
Deferred charges and accrued income490/1€404€404=
Equity and liabilities
Total equity and liabilities10/49€563k€870k▲
Equity10/15€-17k€-2k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-35k€-20k▲
Amounts payable17/49€579k€871k▲
Amounts payable after more than one year17€478k€661k▲
Financial debts170/4€377k€560k▲
Other amounts payable178/9€101k€101k=
Amounts payable within one year42/48€100k€210k▲
Current portion of amounts payable after more than one year42€27k€27k▲
Trade debts44€310€12k▲
Suppliers440/4€310€12k▲
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Other amounts payable47/48€71k€171k▲
Accrued charges and deferred income492/3€1k€625▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€26k=
Other operating charges640/8€6k€6k▼
Gross operating margin9900€51k€61k▲
Operating profit (loss)9901€19k€30k▲
Financial charges65/66B€8k€14k▲
Recurring financial charges65€8k€14k▲
Profit (loss) for the period before taxes9903€11k€15k▲
Profit (loss) for the period9904€11k€15k▲
Profit (loss) for the period to be appropriated9905€11k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-20k▲
Profit (loss) brought forward from the previous period14P€-46k€-35k▲
The notes to these accounts (6 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €15k ▲38.1%
Operating result €30k, net result €15k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 5 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 160current ratio 8.59
Current ratio from 0.05 to 8.59; short-term debt falls from €48k to €236.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Marche-en-Famenne
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.
Lignières, Rue de Crombin 76900 Marche-en-FamenneGround area
1,462 m²
Building footprint
127 m²
Parcel 83045B0641/00M000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83045B0641/00M000 | Wallonia | 1,462 m² | 1 · 127 m² | - |
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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Van Dam Invest & Co
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CENTRE FUSION MEDICALE
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Drömbil
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 284 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-08-2017
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.