Summary
Conclusion
the dossier summarised in one paragraphThe 2025 annual accounts show equity of €83k and a net result of €1k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 17% of 1162 sector peers (fiscal year 2025).
Based on the State Gazette, CBE and 3 annual accounts.
Signals
3 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2025How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 12.4% | 55.1% | |
| Net result | €1k | €24k | |
| Equity | €83k | €51k | |
| Gross operating margin | €15k | €43k | |
| Total assets | €669k | €106k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €11k |
| Net profit | €1k |
| Cash flow | €1k |
| Staff costs | - |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €669k |
| Equity | €83k |
| Debt | €586k |
| of which ≤ 1y | €58k |
| of which > 1y | €527k |
| Working capital | €572k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 10.93 |
| Quick ratio | 0.82 |
| Working capital ratio | 85.5% |
| Solvency | 12.4% |
| Debt / equity | 7.08 |
| Long-term debt ratio | 6.37 |
| Interest coverage | 1.02 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.2% |
| ROE | 1.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €669k |
| Fixed assets | 21/28 | €39k |
| Tangible fixed assets | 22/27 | €39k |
| Current assets | 29/58 | €629k |
| Stocks & contracts in progress | 3 | €582k |
| Amounts receivable within one year | 40/41 | €36k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €669k |
| Equity | 10/15 | €83k |
| Contributions / capital | 10/11 | €1k |
| Accumulated profits (losses) | 14 | €82k |
| Amounts payable | 17/49 | €586k |
| Amounts payable after one year | 17 | €527k |
| Amounts payable within one year | 42/48 | €58k |
| Trade debts payable within one year | 44 | €36k |
| Income statement | ||
| Gross operating margin | 9900 | €15k |
| Operating result | 9901 | €11k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €11k |
| Result before taxes | 9903 | €2k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €1k |
| Result to be appropriated | 9905 | €1k |
Health barometer
FY 2025 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Establishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0147/00H000 | Flanders | 489 m² | 1 · 291 m² | 12.9 m · 2 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.
Analysis
Snowflake analysis
financial profile on 5 axesFragile profile, watch profitability in particular.
Computed on 4 of 5 axes. Not measured: stability. An unmeasured axis is not a zero: no data was read for it.
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Credit advice
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Company registry (CBE)
Crossroads Bank| Legal nameNL | PILAAR PROJECTS |