RED HERRING
ActiveRED HERRING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €312k and a net result of €100k. Equity is growing by ~73.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 9580 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
68
/ 100
Healthy▼ -1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency71▲+20
Growth76=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.64 in 2023), and 43% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
28 d early
2022
35 d early
2021
41 d early
2020
11 d early
2019
19 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€686k▲ 12.1%
2018 · €612k
2018: €612k
2018 → 2019
EBIT margin
3.4%▼ 2.5pp
2018 · 5.9%
2018: 5.9%
2018 → 2019
Net result
€100k▼ 6.5%
2023 · €107k
2018: €21k
2019: €7k
2020: €45k
2021: €58k
2022: €28k
2023: €107k
2018 → 2024
Working capital
€-23k▲ 67.2%
2023 · €-71k
2018: €-295k
2019: €-286k
2020: €-233k
2021: €-171k
2022: €-125k
2023: €-71k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€19k-€78k▲ 302%€105k▲ 35.6%€212k▲ 101%€312k▲ 47.0%
Operating result€58k-€81k▲ 40.0%€49k▼ 39.0%€156k▲ 215%€145k▼ 6.8%
Net result€45k-€58k▲ 30.1%€28k▼ 52.6%€107k▲ 285%€100k▼ 6.5%
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 falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €547k
Fixed assets
€453k▲ 3.8%
Current assets
€94k▼ 24.0%
Equity and liabilities €547k
Equity
€312k▲ 47.0%
Debt
€235k▼ 32.4%
The debt ratio falls from 62.1% to 43.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€225k▲
2023 · €221k
Cash flow
€179k▲
2023 · €172k
Solvency
57.0%▲
2023 · 37.9%
Current ratio
0.80▲
2023 · 0.64
Quick ratio
0.80▲
2023 · 0.64
Debt / equity
0.75▼
2023 · 1.64
ROE
32.0%▼
2023 · 50.3%
ROA
18.2%▼
2023 · 19.0%
Interest coverage
45.21▲
2023 · 32.66
Debt
€235k▼
2023 · €348k
Debt ≤ 1 year
€117k▼
2023 · €194k
Debt > 1 year
€117k▼
2023 · €152k
Income taxes
€41k▼
2023 · €43k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€560k€547k▼
Fixed assets21/28€436k€453k▲
Tangible fixed assets22/27€436k€453k▲
Land and buildings22€352k€385k▲
Plant, machinery and equipment23€8k€11k▲
Furniture and vehicles24€77k€56k▼
Current assets29/58€124k€94k▼
Amounts receivable within one year40/41€46k€51k▲
Trade receivables40€46k€51k▲
Other amounts receivable41€182-
Cash at bank and in hand54/58€77k€42k▼
Deferred charges and accrued income490/1€953€1k▲
Equity and liabilities
Total equity and liabilities10/49€560k€547k▼
Equity10/15€212k€312k▲
Contributions10/11€50k€50k=
Reserves13€162k€262k▲
Distributable reserves133€162k€262k▲
Amounts payable17/49€348k€235k▼
Amounts payable after more than one year17€152k€117k▼
Financial debts170/4€152k€117k▼
Amounts payable within one year42/48€194k€117k▼
Current portion of amounts payable after more than one year42€35k€35k▲
Trade debts44€3k€397▼
Suppliers440/4€3k€397▼
Taxes, remuneration and social security45€29k€53k▲
Taxes450/3€26k€53k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€128k€28k▼
Accrued charges and deferred income492/3€855€855=
Income statement
Code20232024
Remuneration, social security and pensions62€40k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€80k▲
Other operating charges640/8€9k€7k▼
Gross operating margin9900€270k€232k▼
Operating profit (loss)9901€156k€145k▼
Financial income75/76B€193€123▼
Recurring financial income75€193€123▼
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€149k€140k▼
Income taxes67/77€43k€41k▼
Profit (loss) for the period9904€107k€100k▼
Profit (loss) for the period to be appropriated9905€107k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€100k▼
Transfer to equity691/2€107k€100k▼
To other reserves6921€107k€100k▼
Social balance
Average headcount (FTE)90873.1-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €107k ▲285%
Operating result €156k, net result €107k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲101%
6 profitable years in a row build equity to €212k.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €105k ▲35.6%
5 profitable years in a row build equity to €105k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
31-12
Financial
Weakest financial yearnet €7k ▼66.7%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Opwijk · 1 establishment unit since 2014
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.
Oude-pastoriedreef 341745 OpwijkGround area
2,267 m²
Building footprint
933 m²
Volume, LiDAR
5,435 m³
2 parcels, Flanders · tallest building 23.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
RED HERRING
since 20142.235.635.808
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0905/00S016 | Flanders | 1,843 m² | 1 · 779 m² | 6.7 m · 1 fl. |
| 23060B0869/00B000 | Flanders | 424 m² | 1 · 154 m² | 23.6 m · 6 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
COMAGINA
BE 0823.503.868
Beringen · Eq €312k
MOULIN BOLAND
BE 0430.831.636
Seraing · Eq €311k
Kristof
BE 0460.677.348
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BAZOUF
BE 0439.402.575
Tielt · Eq €309k
Michaël Dupuis
BE 0668.755.909
Eghezée · Eq €309k
Of 1,326 companies in sector 47762 we hold annual accounts for 478. 351 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2014
Fiscal year end31-12
Activities, NACEBEL
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.