NPL Distribution
ActiveSummary
The computed 12-month bankruptcy probability of NPL Distribution is 3.5% (moderate). The 2025 annual accounts show equity of €9k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-36
Solvency70▼-9
Growth52=
Track record86
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.4 against 1.53 in 2024; short-term debt: 55.5% and cash: 0% of total assets), and 55.5% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.5%
Return on assets
-14.2%
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 02-09-2026, 33 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 · 5 filingsDeviation from the deadline
2025
33 d late
2024
398 d late
2023
763 d late
2022
1129 d late
2021
19 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
Checked, nothing found (1)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€45k
EBIT margin
9.2%
Net result
€-3k
2024 · €0
2021: €3k
2022: €9k
2023: €0
2024: €0
2021 → 2025
Working capital
€5k▼ 16.8%
2024 · €6k
2021: €-5k
2022: €6k
2023: €6k
2024: €6k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€45k-
Equity€4k-€12k▲ 253%€12k=€12k=€9k▼ 24.2%
Operating result€4k-€9k▲ 117%€0▼ 100%€0€-3k
Net result€3k-€9k▲ 252%€0▼ 100%€0€-3k
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 €3k after €0 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€5k ▼ 30.5%
Current assets
€16k ▲ 1.2%
Equity and liabilities €21k
Equity
€9k ▼ 24.2%
Debt
€12k ▲ 10.8%
Debt's share of the balance-sheet total rises from 46.0% to 55.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-950
Cash flow
€-950
Current ratio
1.40▼
2024 · 1.53
Debt to equity
1.25▲
2024 · 0.85
ROE
-32.0%▼
2024 · 0.0%
ROA
-14.2%▼
2024 · 0.0%
Debt ≤ 1 year
€12k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 27 lines
Balance sheet
Code20242025
Assets
Total assets20/58€23k€21k▼
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Furniture and vehicles24€7k€5k▼
Current assets29/58€16k€16k▲
Amounts receivable within one year40/41€16k€16k▲
Trade receivables40€11k€11k=
Other amounts receivable41€5k€5k▲
Cash at bank and in hand54/58€1€1=
Equity and liabilities
Total equity and liabilities10/49€23k€21k▼
Equity10/15€12k€9k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€11k€8k▼
Amounts payable17/49€11k€12k▲
Amounts payable within one year42/48€11k€12k▲
Trade debts44€475€2k▲
Suppliers440/4€475€2k▲
Taxes, remuneration and social security45€10k€10k=
Taxes450/3€10k€10k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Gross operating margin9900€0€-950▼
Operating profit (loss)9901€0€-3k▼
Profit (loss) for the period before taxes9903€0€-3k▼
Profit (loss) for the period9904€0€-3k▼
Profit (loss) for the period to be appropriated9905€0€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€8k▼
Profit (loss) brought forward from the previous period14P€11k€11k=
The notes to these accounts (4 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
18-09
KBO administration
Strikeout withdrawn
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 33 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 398 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 763 days late
02-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1129 days late
2025
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
2022
31-12
Financial
Highest result since 2021net €9k ▲252%
Operating result €9k, net result €9k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.53
Current ratio from 0.49 to 1.53.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-02-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filings
Scores and ratios are computed by Checked and are not a credit decision.