PRODUCT-PROOF
ActiveThe computed 12-month bankruptcy probability of PRODUCT-PROOF is 1.6% (moderate). The 2025 annual accounts show negative equity (€-43k) and a net result of €-48k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1030 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-75
Solvency0▼-30
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.12 against 0.28 in 2024; short-term debt: 154.5% and cash: 11.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-56.6%
Return on assets
-63%
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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-43k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
14 d late
2024
21 d late
2023
26 d early
2022
28 d late
2021
4 d early
2020
17 d late
2019
75 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-43k
2024 · €5k
2019: €-4k
2020: €20k
2021: €27k
2022: €7k
2023: €51
2024: €5k
2019 → 2025
Total assets
€76k▼ 22.1%
2024 · €98k
2019: €17k
2020: €31k
2021: €98k
2022: €98k
2023: €117k
2024: €98k
2019 → 2025
Net result
€-48k
2024 · €5k
2019: €-23k
2020: €24k
2021: €7k
2022: €-20k
2023: €-7k
2024: €5k
2019 → 2025
Working capital
€-103k▼ 61.2%
2024 · €-64k
2019: €-11k
2020: €13k
2021: €16k
2022: €-46k
2023: €-76k
2024: €-64k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€7k▼ 73.3%€51▼ 99.3%€5k▲ 9,444%€-43k
Operating result€7k-€-25k€-6k▲ 75.6%€4k€-48k
Net result€7k-€-20k€-7k▲ 63.8%€5k€-48k
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 turns negative in 2025: a loss of €48k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€62k▼ 15.4%
Current assets
€14k▼ 41.8%
Key figures and ratios
EBITDA
€-35k▼
2024 · €17k
Cash flow
€-35k▼
2024 · €18k
Solvency
-56.6%▼
2024 · 5.0%
Current ratio
0.12▼
2024 · 0.28
Quick ratio
0.12▼
2024 · 0.28
Debt / equity
-2.77▼
2024 · 19.19
ROA
-63.0%▼
2024 · 4.9%
Interest coverage
-122.83▼
2024 · 46.22
Debt
€119k▲
2024 · €93k
Debt ≤ 1 year
€117k▲
2024 · €89k
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€98k€76k▼
Fixed assets21/28€73k€62k▼
Tangible fixed assets22/27€73k€62k▼
Land and buildings22€46k€44k▼
Plant, machinery and equipment23€16k€15k▼
Furniture and vehicles24€10k€3k▼
Current assets29/58€25k€14k▼
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€965€3k▲
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€21k€9k▼
Equity and liabilities
Total equity and liabilities10/49€98k€76k▼
Equity10/15€5k€-43k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€450€450=
Non-distributable reserves130/1€450€450=
Legal reserve130€450€450=
Profit (loss) carried forward14€-14k€-62k▼
Amounts payable17/49€93k€119k▲
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€89k€117k▲
Current portion of amounts payable after more than one year42€6k€3k▼
Trade debts44€13k€29k▲
Suppliers440/4€13k€29k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€4k€135▼
Taxes450/3€4k€135▼
Other amounts payable47/48€66k€85k▲
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€592€740▲
Gross operating margin9900€18k€-34k▼
Operating profit (loss)9901€4k€-48k▼
Financial income75/76B€50€8▼
Recurring financial income75€50€8▼
Financial charges65/66B€369€285▼
Recurring financial charges65€369€285▼
Profit (loss) for the period before taxes9903€4k€-48k▼
Income taxes67/77€-1k-
Profit (loss) for the period9904€5k€-48k▼
Profit (loss) for the period to be appropriated9905€5k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-62k▼
Profit (loss) brought forward from the previous period14P€-19k€-14k▲
The notes to these accounts (6 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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-48k ▼1101%
Net result drops to €-48k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 2.20
Current ratio from 0.45 to 2.20; short-term debt falls from €20k to €11k.
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 75 days late
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, Wichelen · 1 establishment unit since 2020
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.
Dendermondsesteenweg 1209260 WichelenGround area
242 m²
Building footprint
242 m²
Volume, LiDAR
1,318 m³
Parcel 42018A1124/00D000, Flanders · tallest building 10.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Product-Proof
since 20202.304.186.005
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42018A1124/00D000 | Flanders | 242 m² | 1 · 242 m² | 10.5 m · 1 fl. |
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
2024 to 2025 · 2 entries · 3,705 EUR awarded · 2,250 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,455 EUR | 2,250 EUR |
| 2024 | 1 | 2,250 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,986 companies in sector 25110 we hold annual accounts for 2,147. 482 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-04-2018
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.