SDI FIIS-GVBF III has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2020 annual accounts show equity of €3.34M and a net result of €236k. Equity is growing by ~6.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Axes, FY 2020 · tick = 2019
Profitability42▲+2
Solvency50▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
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
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 →
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 2020Solvency, return and age of the figures
Solvency
24.8%
Return on assets
1.7%
Age of the figures
69 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
7 d early
2022
6 d early
2021
2 d early
2020
39 d early
2019
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2020, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€236k▲ 41.8%
2019 · €166k
2018: €60k
2019: €166k
2018 → 2020
Working capital
€288k▲ 31.7%
2019 · €219k
2018: €-104k
2019: €219k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€2.94M-€3.11M▲ 5.7%€3.34M▲ 7.6%
Operating result€224k-€356k▲ 58.9%€398k▲ 11.6%
Net result€60k-€166k▲ 175%€236k▲ 41.8%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 12% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €13.50M
Fixed assets
€12.50M▼ 4.4%
Current assets
€1,000k▲ 5.9%
Equity and liabilities €13.50M
Equity
€3.34M▲ 7.6%
Debt
€10.16M▼ 6.9%
The debt ratio falls from 77.8% to 75.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€969k▲
2019 · €927k
Cash flow
€807k▲
2019 · €737k
Solvency
24.8%▲
2019 · 22.2%
Current ratio
1.41▲
2019 · 1.30
Quick ratio
1.41▲
2019 · 1.30
Debt / equity
2.75▼
2019 · 3.18
ROE
7.1%▲
2019 · 5.4%
ROA
1.7%▲
2019 · 1.2%
Debt
€10.16M▼
2019 · €10.91M
Debt ≤ 1 year
€712k▼
2019 · €725k
Debt > 1 year
€9.18M▼
2019 · €9.89M
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€14.01M€13.50M▼
Fixed assets21/28€13.07M€12.50M▼
Tangible fixed assets22/27€13.07M€12.50M▼
Current assets29/58€944k€1,000k▲
Amounts receivable within one year40/41€255k€258k▲
Cash at bank and in hand54/58€689k€742k▲
Equity and liabilities
Total equity and liabilities10/49€14.01M€13.50M▼
Equity10/15€3.11M€3.34M▲
Contributions10/11€4.00M€4.00M=
Profit (loss) carried forward14€-893k€-657k▲
Amounts payable17/49€10.91M€10.16M▼
Amounts payable after more than one year17€9.89M€9.18M▼
Amounts payable within one year42/48€725k€712k▼
Trade debts44€13k€2k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€571k€571k=
Gross operating margin9900€1.13M€1.18M▲
Operating profit (loss)9901€356k€398k▲
Recurring financial charges65€190k€162k▼
Profit (loss) for the period before taxes9903€166k€236k▲
Profit (loss) for the period9904€166k€236k▲
Profit (loss) for the period to be appropriated9905€166k€236k▲
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €236k ▲41.8%
Operating result €398k, net result €236k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2021
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-02-2021
DANEELS Peter Alfons Maria Dominique: Resigned as Director
05-02-2021
DE SCHUTTER Koen Frank Lia: Resigned as Director
17-04-2018
Bart De Coster: Resigned as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2017
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.
Terhulpensesteenweg 1771170 Watermaal-BosvoordeGround area
373 m²
Building footprint
160 m²
Volume, LiDAR
2,582 m³
Parcel 11810K1507/00V000, Flanders · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
WL KEMPEN INVEST
since 20172.261.763.846
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1507/00V000 | Flanders | 373 m² | 1 · 159 m² | 20.4 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
1 parent companyParent company:SDI SICAF-FIIS
Recognitions · licences · registrations
Legal Entity Identifier
8755001XZCBPPYMJ1361
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FIPASON
BE 0860.439.488
Oostende · Eq €3.34M
OPTILAND ANTWERP
BE 0831.385.119
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Etablissements Winandy
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-02-2017
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.