Redlog
ActiveRedlog has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €74k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency1▼-32
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.24 in 2023), and 98.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 49
Relative position
BE, all sectors
reference
Sector 49
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
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 2024Solvency, return and age of the figures
Solvency
1.3%
Return on assets
31.6%
Age of the figures
20 mo
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
29 d late
2022
71 d late
2021
57 d late
2020
29 d early
2019
24 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€74k
2023 · €-20k
2018: €33k
2019: €47k
2020: €-6k
2021: €-59k
2022: €-38k
2023: €-20k
2018 → 2024
Working capital
€-148k▲ 36.5%
2023 · €-233k
2018: €-194k
2019: €-134k
2020: €-152k
2021: €-219k
2022: €-235k
2023: €-233k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€-14k€-52k▼ 273%€-71k▼ 37.9%€3k
Operating result€-6k-€-58k▼ 810%€-36k▲ 38.4%€-14k▲ 61.1%€81k
Net result€-6k-€-59k▼ 920%€-38k▲ 35.7%€-20k▲ 48.2%€74k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €81k after a loss of €14k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €235k
Fixed assets
€155k▼ 5.6%
Current assets
€80k▲ 9.6%
Equity and liabilities €235k
Equity
€3k
Debt
€232k
Debt finances 98.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€105k▲
2023 · €8k
Cash flow
€99k▲
2023 · €3k
Solvency
1.3%▲
2023 · -30.0%
Current ratio
0.35▲
2023 · 0.24
Quick ratio
0.35▲
2023 · 0.24
Debt / equity
76.04▲
2023 · -4.34
ROA
31.6%▲
2023 · -8.2%
Interest coverage
14.02▲
2023 · 1.51
Debt
€232k▼
2023 · €309k
Debt ≤ 1 year
€228k▼
2023 · €306k
Income taxes
€174▼
2023 · €208
Staff costs
€69k▲
2023 · €69k
A ratio outside any meaningful range has been withheld (balance sheet total €235k, equity €3k).
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€238k€235k▼
Fixed assets21/28€165k€155k▼
Tangible fixed assets22/27€165k€155k▼
Land and buildings22€128k€120k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€26k€28k▲
Current assets29/58€73k€80k▲
Amounts receivable within one year40/41€64k€75k▲
Trade receivables40€25k€49k▲
Other amounts receivable41€39k€25k▼
Cash at bank and in hand54/58€5k€2k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€238k€235k▼
Equity10/15€-71k€3k▲
Contributions10/11€6k€6k=
Reserves13€5k€3k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€-83k€-6k▲
Amounts payable17/49€309k€232k▼
Amounts payable within one year42/48€306k€228k▼
Current portion of amounts payable after more than one year42€76k€76k=
Trade debts44€175k€95k▼
Suppliers440/4€175k€95k▼
Taxes, remuneration and social security45€17k€19k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€12k€14k▲
Other amounts payable47/48€38k€38k=
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20232024
Remuneration, social security and pensions62€69k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€24k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€79k€179k▲
Operating profit (loss)9901€-14k€81k▲
Financial income75/76B€1€1k▲
Recurring financial income75€1€1k▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€-19k€74k▲
Income taxes67/77€208€174▼
Profit (loss) for the period9904€-20k€74k▲
Profit (loss) for the period to be appropriated9905€-20k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-83k€-8k▲
Profit (loss) brought forward from the previous period14P€-63k€-83k▼
Transfer from equity791/2-€2k
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
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €74k
Net result €74k after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 29 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 71 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 57 days late
2021
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
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, Raeren · 1 establishment unit since 2007
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.
Aachener Strasse 51 B4731 Raeren1 establishment unit
B3 TRANS
since 20072.164.799.577
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Of 12,442 companies in sector 49410 we hold annual accounts for 8,083. 1,950 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2007
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
64120
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filings
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.