POSEIDON
ActivePOSEIDON has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.82M and a net result of €308k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €950k at 30 days acceptable
Liquidity ample (current ratio 19.35 against 8.8 in 2024; short-term debt: 2.5% and cash: 1% of total assets), and 12% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
88%
Return on assets
2.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-01-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
92 d early
2023
102 d early
2022
30 d early
2021
131 d early
2020
109 d early
2019
94 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€13.43M▲ 2.6%
2024 · €13.09M
2018: €15.04M
2019: €14.83M
2020: €13.88M
2021: €12.36M
2022: €13.90M
2023: €13.09M
2024: €13.09M
2018 → 2025
Net result
€308k▲ 4.9%
2024 · €293k
2018: €117k
2019: €729k
2020: €417k
2021: €896k
2022: €1.74M
2023: €170k
2024: €293k
2018 → 2025
Working capital
€6.26M▲ 8.3%
2024 · €5.78M
2018: €1.20M
2019: €1.14M
2020: €1.60M
2021: €2.58M
2022: €5.52M
2023: €5.48M
2024: €5.78M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.51M-€10.25M▲ 20.5%€10.42M▲ 1.7%€10.71M▲ 2.8%€11.82M▲ 10.3%
Operating result€1.25M-€668k▼ 46.6%€207k▼ 69.0%€232k▲ 12.0%€264k▲ 14.0%
Net result€896k-€1.74M▲ 94.7%€170k▼ 90.2%€293k▲ 72.5%€308k▲ 4.9%
Turnover and EBIT margin not published: the abbreviated 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 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.43M
Fixed assets
€6.83M▲ 4.0%
Current assets
€6.60M▲ 1.2%
Equity and liabilities €13.43M
Equity
€11.82M▲ 10.3%
Provisions
€710k▼ 13.5%
Debt
€899k▼ 42.2%
The debt ratio falls from 11.9% to 6.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€816k▲
2024 · €779k
Cash flow
€859k▲
2024 · €841k
Solvency
88.0%▲
2024 · 81.9%
Current ratio
19.35▲
2024 · 8.80
Quick ratio
18.99▲
2024 · 8.63
Debt / equity
0.08▼
2024 · 0.15
ROE
2.6%▼
2024 · 2.7%
ROA
2.3%▲
2024 · 2.2%
Interest coverage
19.57▲
2024 · 13.46
Debt
€899k▼
2024 · €1.56M
Debt ≤ 1 year
€341k▼
2024 · €742k
Debt > 1 year
€554k▼
2024 · €804k
Income taxes
€208k▲
2024 · €203k
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€13.09M€13.43M▲
Fixed assets21/28€6.56M€6.83M▲
Tangible fixed assets22/27€6.56M€6.83M▲
Land and buildings22€6.55M€6.82M▲
Furniture and vehicles24€10k€8k▼
Current assets29/58€6.53M€6.60M▲
Stocks and contracts in progress3€121k€124k▲
Stocks30/36€121k€124k▲
Amounts receivable within one year40/41€3.43M€5.79M▲
Trade receivables40€113k€1k▼
Other amounts receivable41€3.32M€5.79M▲
Current investments50/53€2.70M€200k▼
Cash at bank and in hand54/58€59k€137k▲
Deferred charges and accrued income490/1€216k€355k▲
Equity and liabilities
Total equity and liabilities10/49€13.09M€13.43M▲
Equity10/15€10.71M€11.82M▲
Contributions10/11€124k€924k▲
Capital10€124k€131k▲
Issued capital100€124k€131k▲
Outside capital11-€792k
Share premium1100/10-€792k
Reserves13€10.59M€10.90M▲
Non-distributable reserves130/1€12k€13k▲
Legal reserve130€12k€13k▲
Tax-exempt reserves132€2.75M€2.72M▼
Distributable reserves133€7.82M€8.17M▲
Provisions and deferred taxes16€820k€710k▼
Deferred taxes168€820k€710k▼
Amounts payable17/49€1.56M€899k▼
Amounts payable after more than one year17€804k€554k▼
Financial debts170/4€804k€554k▼
Amounts payable within one year42/48€742k€341k▼
Current portion of amounts payable after more than one year42€373k€250k▼
Trade debts44€297k€18k▼
Suppliers440/4€297k€18k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€70k€70k=
Accrued charges and deferred income492/3€9k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€547k€552k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-6k▼
Other operating charges640/8€89k€109k▲
Gross operating margin9900€868k€918k▲
Operating profit (loss)9901€232k€264k▲
Financial income75/76B€212k€183k▼
Recurring financial income75€212k€183k▼
Financial charges65/66B€58k€42k▼
Recurring financial charges65€58k€42k▼
Profit (loss) for the period before taxes9903€386k€406k▲
Transfer from deferred taxes780€110k€110k=
Income taxes67/77€203k€208k▲
Profit (loss) for the period9904€293k€308k▲
Transfer from tax-exempt reserves789€331k€331k=
Transfer to tax-exempt reserves689€295k€295k=
Profit (loss) for the period to be appropriated9905€330k€344k▲
Appropriation of the result
Profit (loss) to be appropriated9906€330k€344k▲
Transfer to equity691/2€330k€344k▲
To the legal reserve6920-€709
To other reserves6921€330k€343k▲
The notes to these accounts (12 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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity doublescurrent ratio 19.35
Current ratio from 8.80 to 19.35; short-term debt falls from €742k to €341k.
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €1.74M ▲94.7%
Net result €1.74M, the highest in the series.
30-09
Financial
Equity above €10MEq €10.25M ▲20.5%
5 profitable years in a row build equity to €10.25M.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
30-09
Financial
Liquidity quadruplescurrent ratio 6.10
Current ratio from 1.65 to 6.10; short-term debt falls from €2.46M to €505k.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-01
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
10 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, Koksijde · 1 establishment unit since 1992
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.
Gen. Notermanlaan(Odk) 228670 KoksijdeGround area
2,184 m²
Building footprint
604 m²
Volume, LiDAR
2,696 m³
2 parcels, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wulpjesweg 3, 8420 De Haan
since 19922.057.419.191
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A1070/00A000 | Flanders | 1,792 m² | 1 · 212 m² | 10.2 m · 2 fl. |
| 31038A0033/00P003 | Flanders | 391 m² | 1 · 391 m² | 3.5 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500SNHKXY9ZHXVR06
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 1,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-04-1992
Fiscal year end30-09
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 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.