PB11
ActivePB11 has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €7k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 17987 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy▼ -21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-6
Solvency64▼-36
Growth85▲+7
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 5.08 in 2024), but 72.8% 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 47
Relative position
BE, all sectors
reference
Sector 47
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
27.2%
Return on assets
8.2%
Age of the figures
8 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
2 d early
2022
130 d late
2021
144 d late
2020
61 d late
2019
92 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€273k▲ 29.8%
2024 · €210k
2024: €210k
2024 → 2025
EBIT margin
3.2%▼ 1.3pp
2024 · 4.5%
2024: 4.5%
2024 → 2025
Net result
€7k▼ 28.0%
2024 · €9k
2018: €-6k
2019: €7k
2020: €5k
2021: €4k
2022: €6k
2023: €-3k
2024: €9k
2018 → 2025
Working capital
€47k▲ 60.4%
2024 · €30k
2018: €-24k
2019: €-17k
2020: €-12k
2024: €30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€210k€273k▲ 29.8%
Equity€-8k-€-3k▲ 65.1%€-6k▼ 109%€34k€22k▼ 35.3%
Operating result€4k-€6k▲ 48.2%€-3k€9k€9k▼ 8.2%
Net result€4k-€6k▲ 47.9%€-3k€9k€7k▼ 28.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€5k=
Current assets
€77k▲ 109%
Equity and liabilities €82k
Equity
€22k▼ 35.3%
Debt
€60k▲ 723%
The debt ratio rises from 17.3% to 72.8%: debt grows while equity shrinks.
Key figures and ratios
Solvency
27.2%▼
2024 · 82.7%
Current ratio
2.60▼
2024 · 5.08
Quick ratio
0.86▲
2024 · 0.69
Debt / equity
2.67▲
2024 · 0.21
ROE
30.2%▲
2024 · 27.1%
ROA
8.2%▼
2024 · 22.4%
Debt
€60k▲
2024 · €7k
Debt ≤ 1 year
€30k▲
2024 · €7k
Debt > 1 year
€30k
Income taxes
€783
Staff costs
€448
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€42k€82k▲
Fixed assets21/28€5k€5k=
Financial fixed assets28€5k€5k=
Current assets29/58€37k€77k▲
Stocks and contracts in progress3€32k€51k▲
Stocks30/36€32k€51k▲
Amounts receivable within one year40/41€2k€18k▲
Trade receivables40€2k€15k▲
Other amounts receivable41-€3k
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€99€3k▲
Equity and liabilities
Total equity and liabilities10/49€42k€82k▲
Equity10/15€34k€22k▼
Contributions10/11€38k€19k▼
Reserves13€608€608=
Non-distributable reserves130/1€608€608=
Reserves not available under the articles1311€608€608=
Profit (loss) carried forward14€-4k€3k▲
Amounts payable17/49€7k€60k▲
Amounts payable after more than one year17-€30k
Other amounts payable178/9-€30k
Amounts payable within one year42/48€7k€30k▲
Trade debts44€3k€26k▲
Suppliers440/4€3k€26k▲
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Income statement
Code20242025
Turnover70€210k€273k▲
Non-recurring operating income76A€237€3k▲
Goods, raw materials, services and sundry goods60/61€199k€269k▲
Remuneration, social security and pensions62-€448
Other operating charges640/8€2k€293▼
Gross operating margin9900€12k€9k▼
Operating profit (loss)9901€9k€9k▼
Financial charges65/66B€34€1k▲
Recurring financial charges65€34€1k▲
Profit (loss) for the period before taxes9903€9k€8k▼
Income taxes67/77-€783
Profit (loss) for the period9904€9k€7k▼
Profit (loss) for the period to be appropriated9905€9k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€3k▲
Profit (loss) brought forward from the previous period14P€-13k€-4k▲
The notes to these accounts (2 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 130 days late
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 144 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 153 days late
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 150 days late
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 150 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2025
SINGH Gurdev
CurrentDirector · since 27-02-2025
XXX Harpinder Kaur
CurrentDirector · since 14-12-2023
27-02-2025
SINGH Gurdev: Resigned as Manager
27-02-2025
SINGH Gurdev: Appointed as Director
14-12-2023
XXX Harpinder Kaur: Appointed as Director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2024
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.
Rue du Plan-Incliné 1134000 LiègeGround area
634 m²
Building footprint
58 m²
Parcel 62805B0466/00C004, Wallonia. Linked by address, not a title deed.
1 establishment unit
ZSK
since 20242.354.006.589
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0466/00C004 | Wallonia | 633 m² | 1 · 58 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.354.006.589
Similar companies · same sector, comparable size
Kozan Company
BE 0465.445.392
Schoten · Eq €22k
SAMEER GROUP
BE 0802.927.693
Gent · Eq €22k
S.Y.D. Group
BE 1010.655.074
Kontich · Eq €22k
Jah-Ell
BE 0764.951.896
Mol · Eq €22k
GURAYA
BE 0561.702.155
Peer · Eq €22k
Of 10,411 companies in sector 47110 we hold annual accounts for 5,786. 4,176 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-01-2011
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.