Noord West
ActiveNoord West has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €709k and a net result of €-6k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-65
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 2.41 in 2024; short-term debt: 19.1% and cash: 22.1% of total assets), and 20.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
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
79.3%
Return on assets
-0.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-02-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
1 d early
2023
35 d early
2022
6 d early
2021
1 d early
2020
4 d early
2019
14 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€709k▼ 15.2%
2024 · €836k
2018: €545k
2019: €601k
2020: €613k
2021: €631k
2022: €632k
2023: €669k
2024: €836k
2018 → 2025
Total assets
€893k▼ 15.5%
2024 · €1.06M
2018: €1.08M
2019: €1.02M
2020: €959k
2021: €935k
2022: €851k
2023: €868k
2024: €1.06M
2018 → 2025
Net result
€-6k
2024 · €272k
2018: €56k
2019: €57k
2020: €11k
2021: €18k
2022: €978
2023: €38k
2024: €272k
2018 → 2025
Working capital
€170k▼ 39.5%
2024 · €281k
2018: €-209k
2019: €-138k
2020: €-118k
2021: €-90k
2022: €-28k
2023: €24k
2024: €281k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€631k-€632k▲ 0.2%€669k▲ 6.0%€836k▲ 24.8%€709k▼ 15.2%
Operating result€37k-€13k▼ 64.7%€66k▲ 395%€398k▲ 507%€2k▼ 99.4%
Net result€18k-€978▼ 94.6%€38k▲ 3,745%€272k▲ 622%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €893k
Fixed assets
€552k▼ 4.2%
Current assets
€341k▼ 29.1%
Equity and liabilities €893k
Equity
€709k▼ 15.2%
Debt
€185k▼ 16.7%
The debt ratio falls from 21.0% to 20.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2024 · €422k
Cash flow
€19k▼
2024 · €296k
Solvency
79.3%▲
2024 · 79.0%
Current ratio
2.00▼
2024 · 2.41
Quick ratio
2.00▼
2024 · 2.41
Debt / equity
0.26▼
2024 · 0.27
ROE
-0.8%▼
2024 · 32.5%
ROA
-0.6%▼
2024 · 25.7%
Interest coverage
2.04▼
2024 · 34.72
Debt
€185k▼
2024 · €222k
Debt ≤ 1 year
€171k▼
2024 · €200k
Income taxes
€179▼
2024 · €127k
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€1.06M€893k▼
Fixed assets21/28€577k€552k▼
Tangible fixed assets22/27€577k€552k▼
Land and buildings22€577k€552k▼
Current assets29/58€481k€341k▼
Amounts receivable within one year40/41€108k€109k▲
Trade receivables40€8k€8k▼
Other amounts receivable41€100k€101k▲
Current investments50/53€30k€30k▲
Cash at bank and in hand54/58€338k€197k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€893k▼
Equity10/15€836k€709k▼
Contributions10/11€344k€344k=
Reserves13€491k€364k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€491k€364k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€222k€185k▼
Amounts payable within one year42/48€200k€171k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€61€0▼
Other loans439€61€0▼
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€26k€7k▼
Taxes450/3€22k€2k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€168k€162k▼
Accrued charges and deferred income492/3€22k€14k▼
Income statement
Code20242025
Non-recurring operating income76A€391k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k=
Other operating charges640/8€5k€5k▼
Gross operating margin9900€427k€31k▼
Operating profit (loss)9901€398k€2k▼
Financial income75/76B€13k€5k▼
Recurring financial income75€13k€5k▼
Financial charges65/66B€12k€13k▲
Recurring financial charges65€12k€13k▲
Profit (loss) for the period before taxes9903€399k€-6k▼
Income taxes67/77€127k€179▼
Profit (loss) for the period9904€272k€-6k▼
Profit (loss) for the period to be appropriated9905€272k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€272k€-6k▼
Transfer from equity791/2€105k€127k▲
Transfer to equity691/2€272k€0▼
To other reserves6921€272k€0▼
Profit to be distributed694/7€105k€121k▲
Return on contributions (dividend)694€105k€121k▲
The notes to these accounts (7 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
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-6k ▼102%
Net result drops to €-6k, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €272k ▲622%
Operating result €398k, net result €272k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 2.41
Current ratio from 1.13 to 2.41.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
18-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Gent · 1 establishment unit since 2009
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.
Peperstraat 159000 GentGround area
358 m²
Building footprint
150 m²
Volume, LiDAR
1,095 m³
Parcel 44815F2943/00C000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noord West
since 20092.228.874.809
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F2943/00C000 | Flanders | 358 m² | 1 · 150 m² | 12.2 m · 3 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.
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Of 6,654 companies in sector 90111 we hold annual accounts for 384. 142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-2009
Fiscal year end30-09
Activities, NACEBEL
90031Arts creation and performing arts activities
90111Literary creation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 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.