NVN
ActiveNVN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €22k. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
67
/ 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
Profitability97▲+17
Solvency65▲+15
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 0.85 in 2024; short-term debt: 46.9% and cash: 2.4% of total assets), and 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
40.1%
Return on assets
22.2%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €39k
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 21-01-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
4 d early
2023
13 d late
2022
8 d early
2021
7 d early
2020
2 d early
2019
4 d late
← 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
€39k▲ 73.9%
2024 · €23k
2019: €45k
2020: €41k
2021: €28k
2022: €34k
2023: €15k
2024: €23k
2019 → 2025
Total assets
€98k▲ 10.3%
2024 · €89k
2019: €59k
2020: €50k
2021: €39k
2022: €45k
2023: €60k
2024: €89k
2019 → 2025
Net result
€22k▲ 168%
2024 · €8k
2019: €455
2020: €-4k
2021: €-7k
2022: €9k
2023: €-19k
2024: €8k
2019 → 2025
Working capital
€11k
2024 · €-7k
2019: €30k
2020: €20k
2021: €11k
2022: €14k
2023: €-4k
2024: €-7k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€34k▲ 20.5%€15k▼ 57.2%€23k▲ 56.2%€39k▲ 73.9%
Operating result€-6k-€10k€-18k€10k€26k▲ 170%
Net result€-7k-€9k€-19k€8k€22k▲ 168%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 170% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€41k▼ 18.3%
Current assets
€58k▲ 47.0%
Equity and liabilities €98k
Equity
€39k▲ 73.9%
Debt
€59k▼ 11.3%
The debt ratio falls from 74.6% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40k▲
2024 · €22k
Cash flow
€35k▲
2024 · €21k
Solvency
40.1%▲
2024 · 25.4%
Current ratio
1.25▲
2024 · 0.85
Quick ratio
0.80▲
2024 · 0.57
Debt / equity
1.50▼
2024 · 2.93
ROE
55.4%▲
2024 · 36.0%
ROA
22.2%▲
2024 · 9.1%
Interest coverage
28.64▲
2024 · 16.33
Debt
€59k▼
2024 · €67k
Debt ≤ 1 year
€46k▲
2024 · €46k
Debt > 1 year
€11k▼
2024 · €19k
Income taxes
€2k▲
2024 · €154
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€89k€98k▲
Fixed assets21/28€50k€41k▼
Tangible fixed assets22/27€46k€37k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€13k€13k▲
Furniture and vehicles24€30k€21k▼
Leasing and similar rights25€2k€2k▼
Financial fixed assets28€4k€4k=
Current assets29/58€39k€58k▲
Stocks and contracts in progress3€13k€20k▲
Stocks30/36€13k€20k▲
Amounts receivable within one year40/41€21k€33k▲
Trade receivables40€21k€33k▲
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€89k€98k▲
Equity10/15€23k€39k▲
Contributions10/11€19k€19k=
Reserves13€15k€21k▲
Distributable reserves133€15k€21k▲
Profit (loss) carried forward14€-10k-
Amounts payable17/49€67k€59k▼
Amounts payable after more than one year17€19k€11k▼
Financial debts170/4€19k€11k▼
Amounts payable within one year42/48€46k€46k▲
Current portion of amounts payable after more than one year42€8k€8k▼
Trade debts44€26k€14k▼
Suppliers440/4€26k€14k▼
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€3k€9k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€7k€10k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€25k€43k▲
Operating profit (loss)9901€10k€26k▲
Financial income75/76B€0€7▲
Recurring financial income75€0€7▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€1k▲
Non-recurring financial charges66B-€454
Profit (loss) for the period before taxes9903€8k€24k▲
Income taxes67/77€154€2k▲
Profit (loss) for the period9904€8k€22k▲
Profit (loss) for the period to be appropriated9905€8k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€11k▲
Profit (loss) brought forward from the previous period14P€-19k€-10k▲
Transfer from equity791/2-€5k
Transfer to equity691/2-€11k
To other reserves6921-€11k
Profit to be distributed694/7-€5k
Return on contributions (dividend)694-€5k
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
21-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €22k ▲168%
Operating result €26k, net result €22k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
30-06
Financial
Weakest financial yearnet €-19k ▼322%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-01
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
2 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, Hulshout · 1 establishment unit since 2008
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.
Lage Venne 242235 HulshoutGround area
1,530 m²
Building footprint
683 m²
Volume, LiDAR
3,323 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Grote Baan 87, 2235 Hulshout
since 20082.170.764.780
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016C0163/00A000 | Flanders | 1,290 m² | 1 · 214 m² | 4.1 m · 1 fl. |
| 13016A0097/00H002 | Flanders | 241 m² | 1 · 469 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteHulshout2.170.764.780
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PETANQUECLUB DE ZEEMEERIN MIDDELKERKE
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Of 619 companies in sector 56309 we hold annual accounts for 118. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-05-2008
Fiscal year end30-06
Activities, NACEBEL
56309Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.