Ninety-Three
ActiveNinety-Three has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €4k. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 623 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-6
Solvency50▼-9
Growth63▼-17
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.6 in 2024; short-term debt: 58.5% and cash: 21.1% of total assets), and 75.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
24.7%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 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 · 9 filingsDeviation from the deadline
2025
18 d late
2024
15 d early
2023
28 d late
2022
11 d early
2021
31 d late
2020
43 d early
2019
36 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.06M▲ 28.1%
2023 · €831k
2022: €799k
2023: €831k
2022 → 2024
EBIT margin
7.2%▲ 6.3pp
2023 · 0.9%
2022: 11.4%
2023: 0.9%
2022 → 2024
Net result
€4k▼ 91.3%
2024 · €49k
2018: €5k
2019: €19k
2020: €10k
2021: €3k
2022: €65k
2023: €371
2024: €49k
2018 → 2025
Working capital
€121k▲ 9.3%
2024 · €111k
2018: €14k
2019: €23k
2020: €39k
2021: €29k
2022: €90k
2023: €64k
2024: €111k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€799k€831k▲ 4.0%€1.06M▲ 28.1%
Equity€59k-€124k▲ 111%€125k▲ 0.3%€173k▲ 39.1%€178k▲ 2.4%
Operating result€7k-€91k▲ 1,280%€8k▼ 91.7%€77k▲ 914%€15k▼ 80.3%
Net result€3k-€65k▲ 2,017%€371▼ 99.4%€49k▲ 13,050%€4k▼ 91.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 80% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €719k
Fixed assets
€177k▼ 20.0%
Current assets
€542k▲ 83.8%
Equity and liabilities €719k
Equity
€178k▲ 2.4%
Debt
€542k▲ 57.9%
The debt ratio rises from 66.4% to 75.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▼
2024 · €120k
Cash flow
€50k▼
2024 · €92k
Solvency
24.7%▼
2024 · 33.6%
Current ratio
1.29▼
2024 · 1.60
Quick ratio
1.17▼
2024 · 1.56
Debt / equity
3.05▲
2024 · 1.98
ROE
2.4%▼
2024 · 28.1%
ROA
0.6%▼
2024 · 9.4%
Interest coverage
6.93▼
2024 · 14.55
Debt
€542k▲
2024 · €343k
Debt ≤ 1 year
€421k▲
2024 · €184k
Debt > 1 year
€121k▼
2024 · €159k
Income taxes
€2k▼
2024 · €19k
Staff costs
€103k▼
2024 · €171k
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€516k€719k▲
Fixed assets21/28€222k€177k▼
Tangible fixed assets22/27€214k€170k▼
Plant, machinery and equipment23€24k€32k▲
Furniture and vehicles24€44-
Leasing and similar rights25€190k€138k▼
Financial fixed assets28€8k€8k=
Other financial fixed assets284/8€8k-
Amounts receivable and cash guarantees285/8€8k-
Current assets29/58€295k€542k▲
Stocks and contracts in progress3€9k€49k▲
Stocks30/36€2k€2k▲
Goods purchased for resale34€2k-
Contracts in progress37€7k€47k▲
Amounts receivable within one year40/41€147k€335k▲
Trade receivables40€147k€287k▲
Other amounts receivable41-€48k
Cash at bank and in hand54/58€139k€152k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€516k€719k▲
Equity10/15€173k€178k▲
Contributions10/11€6k€6k=
Reserves13€167k€172k▲
Distributable reserves133€167k€172k▲
Amounts payable17/49€343k€542k▲
Amounts payable after more than one year17€159k€121k▼
Financial debts170/4€159k€121k▼
Leasing and similar obligations172€142k-
Credit institutions173€17k-
Amounts payable within one year42/48€184k€421k▲
Current portion of amounts payable after more than one year42€41k€38k▼
Trade debts44€97k€348k▲
Suppliers440/4€97k€348k▲
Advances received on contracts in progress46€24k€32k▲
Taxes, remuneration and social security45€22k€3k▼
Taxes450/3€19k€2k▼
Remuneration and social security454/9€2k€794▼
Income statement
Code20242025
Operating income70/76A€1.09M-
Turnover70€1.06M-
Change in stocks of work in progress, finished goods and contracts in progress71€-3k-
Other operating income74€10k-
Non-recurring operating income76A€16k-
Operating charges60/66A€1.01M-
Goods for resale, raw materials and consumables60€504k-
Purchases600/8€502k-
Change in stocks: decrease (increase)609€2k-
Services and other goods61€292k-
Remuneration, social security and pensions62€171k€103k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€46k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-504€302▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900-€165k
Operating profit (loss)9901€77k€15k▼
Financial income75/76B€609€42▼
Recurring financial income75€609€42▼
Other financial income752/9€609-
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Debt charges650€8k-
Other financial charges652/9€2k-
Profit (loss) for the period before taxes9903€67k€6k▼
Income taxes67/77€19k€2k▼
Taxes670/3€19k-
Profit (loss) for the period9904€49k€4k▼
Profit (loss) for the period to be appropriated9905€49k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€4k▼
Transfer from equity791/2€83k-
From reserves792€83k-
Transfer to equity691/2€132k€4k▼
To other reserves6921€132k€4k▼
Social balance
Average headcount (FTE)90872.71.8▼
The notes to these accounts (10 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
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €150kEq €173k ▲39.1%
7 profitable years in a row build equity to €173k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €371 ▼99.4%
Net result drops to €371, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €65k ▲2017%
Operating result €91k, net result €65k, both a record.
31-12
Financial
Equity above €100kEq €124k ▲111%
5 profitable years in a row build equity to €124k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-01-2026
Thomas Van der Meersch: Resigned as Director
30-06-2021
VAN der MEERSCH Thomas Rudolf Agnes: Resigned as Director
30-09-2019
REUNIS Jarruth: Resigned as Manager
Location & real-estate footprint
Registered office, Hamme (Vl.) · 1 establishment unit since 2016
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.
Neerstraat 389220 Hamme (Vl.)Ground area
1,916 m²
Building footprint
1,268 m²
Volume, LiDAR
5,745 m³
Parcel 42452C0271/00S002, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Ninety-Three
since 20162.253.318.413
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0271/00S002 | Flanders | 1,916 m² | 1 · 1,268 m² | 7.9 m · 1 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
2022 to 2023 · 2 entries · 960 EUR awarded · 808 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 760 EUR | 760 EUR |
| 2022 | 1 | 200 EUR | 48 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,030 companies in sector 43320 we hold annual accounts for 9,135. 7,526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-05-2016
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
74105Other professional, scientific and technical activities
74140Other specialised design activities
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
74109Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.