Onstream Pipeline Solutions
ActiveOnstream Pipeline Solutions has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €800k and a net result of €297k. Equity is growing by ~20% per year across the filed fiscal years. Its solvency ranks better than 39% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84=
Solvency59▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.2 in 2024; short-term debt: 62.6% and cash: 16.1% of total assets), and 66.2% 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
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
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
33.8%
Return on assets
12.5%
Age of the figures
9 mo
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 07-04-2026, 115 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
115 d early
2024
100 d early
2023
55 d early
2022
31 d early
2021
25 d early
2020
5 d late
2019
46 d early
← 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, abbreviated schema
Equity
€800k▲ 14.3%
2024 · €700k
2019: €83k
2020: €409k
2021: €410k
2022: €500k
2023: €599k
2024: €700k
2019 → 2025
Total assets
€2.37M▼ 12.3%
2024 · €2.70M
2019: €1.19M
2020: €2.21M
2021: €2.08M
2022: €2.03M
2023: €2.29M
2024: €2.70M
2019 → 2025
Net result
€297k▼ 10.0%
2024 · €330k
2019: €73k
2020: €515k
2021: €429k
2022: €363k
2023: €502k
2024: €330k
2019 → 2025
Working capital
€389k▲ 1.9%
2024 · €382k
2019: €88k
2020: €391k
2021: €343k
2022: €352k
2023: €429k
2024: €382k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€500k▲ 21.9%€599k▲ 19.9%€700k▲ 16.8%€800k▲ 14.3%
Operating result€525k-€450k▼ 14.3%€628k▲ 39.6%€418k▼ 33.4%€390k▼ 6.7%
Net result€429k-€363k▼ 15.3%€502k▲ 38.2%€330k▼ 34.3%€297k▼ 10.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.37M
Fixed assets
€496k▲ 15.8%
Current assets
€1.87M▼ 17.6%
Equity and liabilities €2.37M
Equity
€800k▲ 14.3%
Debt
€1.57M▼ 21.7%
The debt ratio falls from 74.1% to 66.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€513k▲
2024 · €511k
Cash flow
€419k▼
2024 · €423k
Solvency
33.8%▲
2024 · 25.9%
Current ratio
1.26▲
2024 · 1.20
Quick ratio
0.73▼
2024 · 0.77
Debt / equity
1.96▼
2024 · 2.86
ROE
37.1%▼
2024 · 47.1%
ROA
12.5%▲
2024 · 12.2%
Interest coverage
28.96▼
2024 · 36.50
Debt
€1.57M▼
2024 · €2.00M
Debt ≤ 1 year
€1.48M▼
2024 · €1.89M
Debt > 1 year
€82k▼
2024 · €108k
Income taxes
€76k▲
2024 · €75k
Staff costs
€1.14M▲
2024 · €1.02M
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€2.70M€2.37M▼
Fixed assets21/28€429k€496k▲
Intangible fixed assets21-€50k
Tangible fixed assets22/27€429k€446k▲
Plant, machinery and equipment23€67k€69k▲
Furniture and vehicles24€86k€140k▲
Leasing and similar rights25€158k€120k▼
Other tangible fixed assets26€118k€117k▼
Current assets29/58€2.27M€1.87M▼
Stocks and contracts in progress3€818k€790k▼
Stocks30/36€818k€790k▼
Amounts receivable within one year40/41€1.09M€664k▼
Trade receivables40€1.01M€552k▼
Other amounts receivable41€81k€112k▲
Cash at bank and in hand54/58€303k€380k▲
Deferred charges and accrued income490/1€61k€36k▼
Equity and liabilities
Total equity and liabilities10/49€2.70M€2.37M▼
Equity10/15€700k€800k▲
Contributions10/11€50k€50k=
Reserves13€200k€500k▲
Distributable reserves133€200k€500k▲
Profit (loss) carried forward14€450k€250k▼
Amounts payable17/49€2.00M€1.57M▼
Amounts payable after more than one year17€108k€82k▼
Financial debts170/4€108k€82k▼
Amounts payable within one year42/48€1.89M€1.48M▼
Current portion of amounts payable after more than one year42€25k€26k▲
Financial debts43€34k€12k▼
Credit institutions430/8€34k€12k▼
Trade debts44€1.29M€661k▼
Suppliers440/4€1.29M€661k▼
Taxes, remuneration and social security45€93k€100k▲
Taxes450/3€221€0▼
Remuneration and social security454/9€92k€100k▲
Other amounts payable47/48€444k€681k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€826
Remuneration, social security and pensions62€1.02M€1.14M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€122k▲
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.53M€1.66M▲
Operating profit (loss)9901€418k€390k▼
Financial income75/76B€644€140▼
Recurring financial income75€644€140▼
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€405k€372k▼
Income taxes67/77€75k€76k▲
Profit (loss) for the period9904€330k€297k▼
Profit (loss) for the period to be appropriated9905€330k€297k▼
Appropriation of the result
Profit (loss) to be appropriated9906€780k€747k▼
Profit (loss) brought forward from the previous period14P€450k€450k=
Transfer to equity691/2€101k€300k▲
To other reserves6921€101k€300k▲
Profit to be distributed694/7€229k€197k▼
Return on contributions (dividend)694€108k€85k▼
Directors or managers695€121k€112k▼
Social balance
Average headcount (FTE)908713.013.8▲
The notes to these accounts (19 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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €500k ▲21.9%
4 profitable years in a row build equity to €500k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Highest result since 2019net €515k ▲605%
Operating result €632k, net result €515k, both a record.
31-12
Financial
Equity above €200kEq €409k ▲392%
2 profitable years in a row build equity to €409k.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Meerhout · 1 establishment unit since 2019
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.
Bospad 32450 MeerhoutGround area
6,365 m²
Building footprint
2,260 m²
Volume, LiDAR
6 m³
2 parcels, Flanders · tallest building 2.9 m. Linked by address, not a title deed.
1 establishment unit
Onstream Pipeline Solutions
since 20192.292.841.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021A1448/00F000 | Flanders | 3,661 m² | 1 · 1,299 m² | - |
| 13021A1448/00E000 | Flanders | 2,704 m² | 1 · 961 m² | 2.9 m |
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
2022 to 2025 · 4 entries · 12,891 EUR awarded · 13,356 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,526 EUR | 3,382 EUR |
| 2024 | 1 | 3,648 EUR | 3,947 EUR |
| 2023 | 1 | 2,571 EUR | 3,243 EUR |
| 2022 | 1 | 3,146 EUR | 2,784 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 388 companies in sector 46630 we hold annual accounts for 276. 222 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-09-2019
Fiscal year end31-12
Abbreviation NL
OPS
Activities, NACEBEL
46630Wholesale trade
46649Wholesale of other machinery and equipment
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
42219Civil engineering
49500Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.