NL & NS
Open bankruptcyA bankruptcy procedure is open for NL & NS according to publications in the Belgian State Gazette; curator: VINCENT TERLINDEN. The 2025 annual accounts show equity of €54k and a net result of €-19k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-12-2025, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
60 d early
2023
57 d early
2022
48 d early
2021
54 d early
2020
122 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 26.1%
2024 · €73k
2020: €17k
2021: €20k
2022: €14k
2023: €58k
2024: €73k
2020 → 2025
Total assets
€166k▼ 8.4%
2024 · €182k
2020: €31k
2021: €39k
2022: €86k
2023: €137k
2024: €182k
2020 → 2025
Net result
€-19k
2024 · €15k
2020: €4k
2021: €3k
2022: €-6k
2023: €44k
2024: €15k
2020 → 2025
Working capital
€56k▼ 0.7%
2024 · €56k
2020: €11k
2021: €17k
2022: €10k
2023: €42k
2024: €56k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€14k▼ 28.9%€58k▲ 309%€73k▲ 25.5%€54k▼ 26.1%
Operating result€5k-€-3k€61k€19k▼ 68.7%€-17k
Net result€3k-€-6k€44k€15k▼ 66.3%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €19k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €166k
Fixed assets
€23k▼ 41.4%
Current assets
€143k▲ 0.8%
Equity and liabilities €166k
Equity
€54k▼ 26.1%
Debt
€113k▲ 3.4%
The debt ratio rises from 60.0% to 67.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2024 · €33k
Cash flow
€-4k▼
2024 · €29k
Solvency
32.3%▼
2024 · 40.0%
Current ratio
1.64▼
2024 · 1.66
Quick ratio
1.64▼
2024 · 1.66
Debt / equity
2.10▲
2024 · 1.50
ROE
-35.3%▼
2024 · 20.3%
ROA
-11.4%▼
2024 · 8.1%
Interest coverage
-0.21▼
2024 · 8.85
Debt
€113k▲
2024 · €109k
Debt ≤ 1 year
€87k▲
2024 · €86k
Debt > 1 year
€12k▼
2024 · €23k
Income taxes
€102▼
2024 · €4k
Staff costs
€57k▼
2024 · €72k
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€182k€166k▼
Fixed assets21/28€40k€23k▼
Tangible fixed assets22/27€37k€19k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€15k€5k▼
Leasing and similar rights25€21k€12k▼
Financial fixed assets28€3k€4k▲
Current assets29/58€142k€143k▲
Amounts receivable within one year40/41€141k€143k▲
Trade receivables40€70k€54k▼
Other amounts receivable41€71k€89k▲
Cash at bank and in hand54/58€766-
Deferred charges and accrued income490/1€523-
Equity and liabilities
Total equity and liabilities10/49€182k€166k▼
Equity10/15€73k€54k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€60k€41k▼
Amounts payable17/49€109k€113k▲
Amounts payable after more than one year17€23k€12k▼
Financial debts170/4€23k€12k▼
Amounts payable within one year42/48€86k€87k▲
Current portion of amounts payable after more than one year42€21k€23k▲
Financial debts43€7k€12k▲
Credit institutions430/8€7k€12k▲
Trade debts44€31k€48k▲
Suppliers440/4€31k€48k▲
Taxes, remuneration and social security45€26k€5k▼
Taxes450/3€16k€5k▼
Remuneration and social security454/9€10k-
Accrued charges and deferred income492/3-€14k
Income statement
Code20242025
Remuneration, social security and pensions62€72k€57k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€11k€16k▲
Gross operating margin9900€116k€72k▼
Operating profit (loss)9901€19k€-17k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€18k€-19k▼
Income taxes67/77€4k€102▼
Profit (loss) for the period9904€15k€-19k▼
Profit (loss) for the period to be appropriated9905€15k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€60k€41k▼
Profit (loss) brought forward from the previous period14P€46k€60k▲
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
08-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL NL & NS RUE BREYDEL 34-3, 1040 ETTERBEEK · event 02-07-2026
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Weakest financial yearnet €-19k ▼229%
Net result drops to €-19k, the lowest in the series.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
SignalFinancial 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.
29-01-2026
ADIL Neven: Resigned as Managing director
30-07-2020
YILMAZ Ferhat: Resigned as Managing director
Location & real-estate footprint
Registered office, Brussel · 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.
Breydelstraat 34-361040 BrusselGround area
411 m²
Building footprint
299 m²
Volume, LiDAR
4,069 m³
2 parcels, Brussels · tallest building 22.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NL & NS
since 20182.283.233.213
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0036/00X006 | Brussels | 260 m² | 1 · 216 m² | 22.9 m · 4 fl. |
| 21806F0477/00K009 | Brussels | 151 m² | 1 · 83 m² | 17.9 m · 5 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT TERLINDEN Avenue Louise 349/16,
1050 IXELLES |
02-07-2026 → present |
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,045 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-12-2018
Fiscal year end30-06
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.