PORTAFORTUNA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €440k and a net result of €-379k. Equity is shrinking by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 8013 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 8013 sector peers (2025).
NBB · sector comparisonPosition among 8013 sector peers
Solvency
better than 16%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
31 d late
2023
31 d late
2022
8 d late
2021
1 d early
2020
33 d early
2019
28 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€440k▼ 46.3%
2024 · €818k
2019: €1.40M
2020: €1.39M
2021: €1.35M
2022: €1.25M
2023: €1.02M
2024: €818k
2019 → 2025
Net result
€-379k▼ 88.0%
2024 · €-201k
2019: €-77k
2020: €-8k
2021: €-44k
2022: €-96k
2023: €-233k
2024: €-201k
2019 → 2025
Total assets
€4.56M▼ 19.7%
2024 · €5.68M
2019: €1.86M
2020: €2.59M
2021: €4.45M
2022: €4.72M
2023: €5.73M
2024: €5.68M
2019 → 2025
Solvency
9.6%▼ 4.8pp
2024 · 14.4%
2019: 75.4%
2020: 53.9%
2021: 30.3%
2022: 26.5%
2023: 17.8%
2024: 14.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.35M-€1.25M▼ 7.1%€1.02M▼ 18.6%€818k▼ 19.7%€440k▼ 46.3%
Operating result€-26k-€-62k▼ 135%€-197k▼ 220%€-169k▲ 14.2%€277k
Net result€-44k-€-96k▼ 119%€-233k▼ 144%€-201k▲ 13.7%€-379k▼ 88.0%
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 returns to profit in 2025: €277k after a loss of €169k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.56M
Fixed assets
€4.28M▼ 21.8%
Current assets
€283k▲ 34.4%
Equity and liabilities €4.56M
Equity
€440k▼ 46.3%
Provisions
€0▼ 100%
Debt
€4.12M▼ 15.1%
The debt ratio rises from 85.4% to 90.4%. Equity and debt are lower.
Key figures and ratios
Solvency
9.6%▼
2024 · 14.4%
ROE
-86.1%▼
2024 · -24.6%
ROA
-8.3%▼
2024 · -3.5%
Debt
€4.12M▼
2024 · €4.86M
Debt ≤ 1 year
€549k▲
2024 · €522k
Debt > 1 year
€3.57M▼
2024 · €4.33M
Income taxes
€190▼
2024 · €496
Staff costs
€62k▼
2024 · €82k
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€5.68M€4.56M▼
Fixed assets21/28€5.47M€4.28M▼
Intangible fixed assets21€12k€4k▼
Tangible fixed assets22/27€5.46M€4.28M▼
Land and buildings22€4.23M€3.13M▼
Plant, machinery and equipment23€13k€18k▲
Furniture and vehicles24€151k€117k▼
Leasing and similar rights25€195k€158k▼
Other tangible fixed assets26€876k€852k▼
Current assets29/58€210k€283k▲
Stocks and contracts in progress3€3k€5k▲
Stocks30/36€3k€5k▲
Amounts receivable within one year40/41€162k€121k▼
Trade receivables40€25k€28k▲
Other amounts receivable41€137k€92k▼
Cash at bank and in hand54/58€25k€127k▲
Deferred charges and accrued income490/1€20k€30k▲
Equity and liabilities
Total equity and liabilities10/49€5.68M€4.56M▼
Equity10/15€818k€440k▼
Contributions10/11€21k€21k=
Reserves13€797k€419k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€29k-
Distributable reserves133€765k€415k▼
Provisions and deferred taxes16€10k-
Deferred taxes168€10k-
Amounts payable17/49€4.86M€4.12M▼
Amounts payable after more than one year17€4.33M€3.57M▼
Financial debts170/4€4.33M€3.57M▼
Amounts payable within one year42/48€522k€549k▲
Current portion of amounts payable after more than one year42€150k€120k▼
Trade debts44€20k€38k▲
Suppliers440/4€20k€38k▲
Taxes, remuneration and social security45€73k€64k▼
Taxes450/3€37k€4k▼
Remuneration and social security454/9€36k€60k▲
Other amounts payable47/48€279k€326k▲
Accrued charges and deferred income492/3€6k€7k▲
Income statement
Code20242025
Non-recurring operating income76A€53k€462k▲
Remuneration, social security and pensions62€82k€62k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€215k€247k▲
Other operating charges640/8€46k€15k▼
Gross operating margin9900€174k€602k▲
Operating profit (loss)9901€-169k€277k▲
Financial income75/76B€14k€158▼
Recurring financial income75€14k€158▼
Financial charges65/66B€45k€665k▲
Recurring financial charges65€45k€52k▲
Non-recurring financial charges66B-€613k
Profit (loss) for the period before taxes9903€-201k€-388k▼
Transfer from deferred taxes780€196€10k▲
Income taxes67/77€496€190▼
Profit (loss) for the period9904€-201k€-379k▼
Transfer from tax-exempt reserves789€589€29k▲
Transfer to tax-exempt reserves689€30k-
Profit (loss) for the period to be appropriated9905€-230k€-350k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-230k€-350k▼
Transfer from equity791/2€230k€350k▲
Social balance
Average headcount (FTE)90871.4-
The notes to these accounts (15 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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-379k
Net result drops to €-379k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Zwalm · 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.
Meilegemstraat(Meil) 269630 ZwalmGround area
9,146 m²
Building footprint
192 m²
Volume, LiDAR
227 m³
Parcel 45022A0017/00B002, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
1 establishment unit
PORTAFORTUNA
since 20192.292.584.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45022A0017/00B002 | Flanders | 9,146 m² | 1 · 192 m² | 7.8 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 13,358 EUR awarded · 10,253 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,955 EUR | 2,955 EUR |
| 2023 | 1 | 3,720 EUR | 683 EUR |
| 2022 | 1 | 6,683 EUR | 6,615 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZwalm2.292.584.904
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end31-12
Activities, NACEBEL
55204Guest rooms (bed and breakfast)
64200Holdings
64210Activities of holding companies
56210Event catering
70200Business and other management consultancy
70220Business consulting
77210Renting and leasing of sports and recreation goods
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.