SAMENWERKING
ActiveSAMENWERKING has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €388k and a net result of €319k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 61 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2023
Axes · tick = 2022
Profitability100=
Solvency7▼-26
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity short (current ratio 0.46 against 0.05 in 2022), and 90% 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+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 03
Relative position
BE, all sectors
reference
Sector 03
higher
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
10%
Return on assets
8.2%
Age of the figures
32 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 61 sector peers (2023).
NBB · sector comparisonPosition among 61 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline13-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-09-2024, 57 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
57 d late
2022
87 d late
2021
60 d late
2020
1 d early
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€388k
2022 · €-996k
2018: €30k
2019: €-310k
2020: €-774k
2021: €-416k
2022: €-996k
2018 → 2023
Total assets
€3.89M▲ 37.3%
2022 · €2.83M
2018: €354k
2019: €3.80M
2020: €3.49M
2021: €3.16M
2022: €2.83M
2018 → 2023
Net result
€319k
2022 · €-580k
2018: €-85k
2019: €-339k
2020: €-464k
2021: €-527k
2022: €-580k
2018 → 2023
Working capital
€-283k▲ 57.7%
2022 · €-668k
2018: €146k
2019: €-302k
2020: €-211k
2021: €-493k
2022: €-668k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-310k-€-774k▼ 150%€-416k▲ 46.3%€-996k▼ 140%€388k
Operating result€-300k-€-429k▼ 42.9%€-466k▼ 8.6%€-502k▼ 7.7%€507k
Net result€-339k-€-464k▼ 36.7%€-527k▼ 13.6%€-580k▼ 10.1%€319k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €507k after a loss of €502k in 2022, the highest year so far.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €3.89M
Fixed assets
€3.65M▲ 30.5%
Current assets
€243k▲ 560%
Equity and liabilities €3.89M
Equity
€388k
Debt
€3.50M
Debt finances 90.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€752k▲
2022 · €-254k
Cash flow
€565k▲
2022 · €-332k
Solvency
10.0%▲
2022 · -35.2%
Current ratio
0.46▲
2022 · 0.05
Quick ratio
0.46▲
2022 · 0.05
Debt / equity
9.04▲
2022 · -3.84
ROE
82.3%▲
2022 · 58.3%
ROA
8.2%▲
2022 · -20.5%
Interest coverage
3.99▲
2022 · -3.18
Debt
€3.50M▼
2022 · €3.83M
Debt ≤ 1 year
€526k▼
2022 · €705k
Debt > 1 year
€2.95M▼
2022 · €3.11M
Staff costs
€317k▼
2022 · €354k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€2.83M€3.89M▲
Fixed assets21/28€2.80M€3.65M▲
Tangible fixed assets22/27€2.79M€3.65M▲
Plant, machinery and equipment23€2k€32k▲
Furniture and vehicles24€2.79M€3.61M▲
Financial fixed assets28€1k€1k=
Current assets29/58€37k€243k▲
Amounts receivable within one year40/41€26k€184k▲
Other amounts receivable41€26k€184k▲
Cash at bank and in hand54/58€942€48▼
Deferred charges and accrued income490/1€10k€59k▲
Equity and liabilities
Total equity and liabilities10/49€2.83M€3.89M▲
Equity10/15€-996k€388k▲
Contributions10/11€965k€965k=
Revaluation surpluses12-€1.07M
Reserves13€8k€8k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Profit (loss) carried forward14€-1.97M€-1.65M▲
Amounts payable17/49€3.83M€3.50M▼
Amounts payable after more than one year17€3.11M€2.95M▼
Financial debts170/4€3.11M€2.95M▼
Amounts payable within one year42/48€705k€526k▼
Current portion of amounts payable after more than one year42€205k-
Financial debts43€150k€163k▲
Credit institutions430/8€150k€163k▲
Trade debts44€340k€261k▼
Suppliers440/4€340k€261k▼
Taxes, remuneration and social security45€10k€102k▲
Taxes450/3€201€70k▲
Remuneration and social security454/9€10k€32k▲
Accrued charges and deferred income492/3€14k€27k▲
Income statement
Code20222023
Non-recurring operating income76A-€730k
Remuneration, social security and pensions62€354k€317k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€249k€246k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€103k€1.07M▲
Operating profit (loss)9901€-502k€507k▲
Financial income75/76B€1k€705▼
Recurring financial income75€1k€705▼
Financial charges65/66B€80k€188k▲
Recurring financial charges65€80k€188k▲
Profit (loss) for the period before taxes9903€-580k€319k▲
Profit (loss) for the period9904€-580k€319k▲
Profit (loss) for the period to be appropriated9905€-580k€319k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.97M€-1.65M▲
Profit (loss) brought forward from the previous period14P€-1.39M€-1.97M▼
Social balance
Average headcount (FTE)90874.85.2▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2023
31-12
Financial
Back to profitnet €319k
Net result €319k after 5 loss-making years.
31-12
Financial
Equity above €200kEq €388k
Equity rises from €-996k to €388k.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 87 days late
2022
31-12
Financial
Weakest financial yearnet €-580k
Net result drops to €-580k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 89 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
2015
19-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Knokke-Heist · 1 establishment unit since 1993
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.
Invalidenlaan 148301 Knokke-HeistGround area
1,712 m²
Building footprint
461 m²
Volume, LiDAR
2,635 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Z300 Sola Gracia
since 19932.063.817.728
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812P0361/00M007 | Flanders | 1,607 m² | 1 · 355 m² | 6.3 m · 2 fl. |
| 31336H1125/00_000 | Flanders | 105 m² | 1 · 105 m² | 14.9 m · 4 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
Food safety, FASFC
1 siteBrugge2.063.817.728
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
NAUTICAA
BE 0834.755.571
Brugge · Eq €352k
REDERIJ Z.189
BE 0770.241.663
Knokke-Heist · Eq €444k
REDERIJ Z.187
BE 0770.241.861
Knokke-Heist · Eq €454k
FOND DE PARADIS
BE 0463.163.518
Gouvy · Eq €473k
THORN
BE 0867.765.364
Knokke-Heist · Eq €317k
Of 103 companies in sector 03110 we hold annual accounts for 75. 65 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-1993
Fiscal year end31-12
Activities, NACEBEL
03110Fishing and aquaculture
05010
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.