NO LIMITS
ActiveNO LIMITS has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222k and a net result of €-30k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 11238 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
Profitability8▼-75
Solvency89▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 3.42 in 2024; short-term debt: 30.7% and cash: 32.8% of total assets), and 36.2% of the assets are financed with debt.
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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
34 d late
2023
43 d late
2022
31 d late
2021
72 d late
2020
89 d late
2019
91 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€222k▼ 12.0%
2024 · €252k
2018: €78k
2019: €101k
2020: €148k
2021: €191k
2022: €228k
2023: €254k
2024: €252k
2018 → 2025
Total assets
€348k▼ 1.0%
2024 · €351k
2018: €174k
2019: €197k
2020: €255k
2021: €264k
2022: €282k
2023: €287k
2024: €351k
2018 → 2025
Net result
€-30k
2024 · €41k
2018: €14k
2019: €23k
2020: €47k
2021: €43k
2022: €37k
2023: €26k
2024: €41k
2018 → 2025
Working capital
€130k▼ 45.7%
2024 · €239k
2018: €69k
2019: €96k
2020: €136k
2021: €145k
2022: €199k
2023: €235k
2024: €239k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€228k▲ 19.4%€254k▲ 11.4%€252k▼ 0.8%€222k▼ 12.0%
Operating result€57k-€51k▼ 11.0%€33k▼ 35.9%€55k▲ 66.8%€-29k
Net result€43k-€37k▼ 13.7%€26k▼ 29.7%€41k▲ 56.9%€-30k
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 €29k after €55k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348k
Fixed assets
€111k▲ 770%
Current assets
€237k▼ 30.1%
Equity and liabilities €348k
Equity
€222k▼ 12.0%
Debt
€126k▲ 26.9%
The debt ratio rises from 28.2% to 36.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2024 · €63k
Cash flow
€-8k▼
2024 · €49k
Solvency
63.8%▼
2024 · 71.8%
Current ratio
2.22▼
2024 · 3.42
Quick ratio
1.72▼
2024 · 3.03
Debt / equity
0.57▲
2024 · 0.39
ROE
-13.6%▼
2024 · 16.2%
ROA
-8.7%▼
2024 · 11.6%
Interest coverage
-4.85▼
2024 · 74.44
Debt
€126k▲
2024 · €99k
Debt ≤ 1 year
€107k▲
2024 · €99k
Debt > 1 year
€19k
Staff costs
€110k▲
2024 · €107k
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€351k€348k▼
Fixed assets21/28€13k€111k▲
Tangible fixed assets22/27€12k€108k▲
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€10k€83k▲
Other tangible fixed assets26-€18k
Financial fixed assets28€363€3k▲
Current assets29/58€338k€237k▼
Stocks and contracts in progress3€38k€53k▲
Stocks30/36€38k€53k▲
Amounts receivable within one year40/41€78k€66k▼
Trade receivables40€69k€57k▼
Other amounts receivable41€8k€9k▲
Cash at bank and in hand54/58€212k€114k▼
Deferred charges and accrued income490/1€11k€4k▼
Equity and liabilities
Total equity and liabilities10/49€351k€348k▼
Equity10/15€252k€222k▼
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€225k€195k▼
Amounts payable17/49€99k€126k▲
Amounts payable after more than one year17-€19k
Financial debts170/4-€19k
Amounts payable within one year42/48€99k€107k▲
Current portion of amounts payable after more than one year42-€8k
Trade debts44€34k€61k▲
Suppliers440/4€34k€61k▲
Advances received on contracts in progress46€4k€9k▲
Taxes, remuneration and social security45€18k€14k▼
Taxes450/3€17k€14k▼
Remuneration and social security454/9€580-
Other amounts payable47/48€43k€16k▼
Accrued charges and deferred income492/3-€9
Income statement
Code20242025
Remuneration, social security and pensions62€107k€110k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€22k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€-2k▼
Other operating charges640/8€120€3k▲
Non-recurring operating charges66A€96€352▲
Gross operating margin9900€168k€105k▼
Operating profit (loss)9901€55k€-29k▼
Financial income75/76B€720€451▼
Recurring financial income75€720€451▼
Financial charges65/66B€848€1k▲
Recurring financial charges65€848€1k▲
Profit (loss) for the period before taxes9903€55k€-30k▼
Income taxes67/77€14k-
Profit (loss) for the period9904€41k€-30k▼
Profit (loss) for the period to be appropriated9905€41k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€268k€195k▼
Profit (loss) brought forward from the previous period14P€228k€225k▼
Profit to be distributed694/7€43k-
Return on contributions (dividend)694€43k-
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-30k ▼174%
Net result drops to €-30k, the lowest in the series.
03-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 34 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €228k ▲19.4%
5 profitable years in a row build equity to €228k.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
31-12
Financial
Equity above €150kEq €191k ▲29%
4 profitable years in a row build equity to €191k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-12
Financial
Highest result since 2018net €47k ▲104%
Operating result €66k, net result €47k, both a record.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €100kEq €101k ▲29.6%
2 profitable years in a row build equity to €101k.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 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, Waterloo · 1 establishment unit since 1993
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.
Avenue d'Iena 91410 WaterlooGround area
643 m²
Building footprint
166 m²
Volume, LiDAR
1,199 m³
Parcel 25763L0648/00L000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue d'Iena 9, 1410 Waterloo
since 19932.102.878.044
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0648/00L000 | Wallonia | 643 m² | 1 · 165 m² | 10.0 m · 2 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.
Similar companies · same sector, comparable size
ARTGLAS
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BE 0864.389.863
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EDILIANS BELGIUM
BE 0442.383.940
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FARKO
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COMATRA
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,398. 961 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-11-1992
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
45230
46831Wholesale of construction materials, general range
51532
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.