SEDECE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €26.29M and a net result of €1.24M. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 5498 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
7 d early
2022
19 d early
2021
16 d early
2020
89 d late
2019
25 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€26.29M▲ 5.0%
2024 · €25.04M
2018: €15.95M
2019: €16.62M
2020: €21.78M
2021: €21.80M
2022: €22.21M
2023: €23.97M
2024: €25.04M
2018 → 2025
Net result
€1.24M▲ 16.1%
2024 · €1.07M
2018: €12.59M
2019: €664k
2020: €5.00M
2021: €23k
2022: €404k
2023: €1.76M
2024: €1.07M
2018 → 2025
Total assets
€27.13M▲ 5.5%
2024 · €25.73M
2018: €22.67M
2019: €18.57M
2020: €23.01M
2021: €22.07M
2022: €22.50M
2023: €24.42M
2024: €25.73M
2018 → 2025
Solvency
96.9%▼ 0.5pp
2024 · 97.3%
2018: 70.4%
2019: 89.5%
2020: 94.7%
2021: 98.8%
2022: 98.7%
2023: 98.2%
2024: 97.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21.80M-€22.21M▲ 1.9%€23.97M▲ 7.9%€25.04M▲ 4.5%€26.29M▲ 5.0%
Operating result€107k-€1.03M▲ 868%€307k▼ 70.3%€1.08M▲ 253%€1.44M▲ 32.8%
Net result€23k-€404k▲ 1,679%€1.76M▲ 336%€1.07M▼ 39.2%€1.24M▲ 16.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.13M
Fixed assets
€6.69M▼ 0.4%
Current assets
€20.44M▲ 7.5%
Equity and liabilities €27.13M
Equity
€26.29M▲ 5.0%
Debt
€845k▲ 23.3%
The debt ratio rises from 2.7% to 3.1%. Equity and debt are higher.
Key figures and ratios
Solvency
96.9%▼
2024 · 97.3%
ROE
4.7%▲
2024 · 4.3%
ROA
4.6%▲
2024 · 4.2%
Debt
€845k▲
2024 · €685k
Debt ≤ 1 year
€835k▲
2024 · €676k
Income taxes
€545k▲
2024 · €410k
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€25.73M€27.13M▲
Fixed assets21/28€6.72M€6.69M▼
Tangible fixed assets22/27€717k€688k▼
Land and buildings22€663k€646k▼
Furniture and vehicles24€55k€41k▼
Financial fixed assets28€6.01M€6.01M=
Current assets29/58€19.00M€20.44M▲
Amounts receivable within one year40/41€900k€2.50M▲
Trade receivables40€900k€0▼
Other amounts receivable41€0€2.50M▲
Current investments50/53€17.95M€15.46M▼
Cash at bank and in hand54/58€155k€2.47M▲
Deferred charges and accrued income490/1€645€828▲
Equity and liabilities
Total equity and liabilities10/49€25.73M€27.13M▲
Equity10/15€25.04M€26.29M▲
Contributions10/11€62k€62k=
Reserves13€24.88M€26.12M▲
Distributable reserves133€24.88M€26.12M▲
Profit (loss) carried forward14€103k€103k=
Amounts payable17/49€685k€845k▲
Amounts payable within one year42/48€676k€835k▲
Trade debts44€6k€9k▲
Suppliers440/4€6k€9k▲
Taxes, remuneration and social security45€269k€366k▲
Taxes450/3€269k€366k▲
Other amounts payable47/48€402k€459k▲
Accrued charges and deferred income492/3€9k€11k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€31k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€1.12M€1.47M▲
Operating profit (loss)9901€1.08M€1.44M▲
Financial income75/76B€451k€403k▼
Recurring financial income75€451k€403k▼
Financial charges65/66B€52k€51k▼
Recurring financial charges65€52k€51k▼
Profit (loss) for the period before taxes9903€1.48M€1.79M▲
Income taxes67/77€410k€545k▲
Profit (loss) for the period9904€1.07M€1.24M▲
Profit (loss) for the period to be appropriated9905€1.07M€1.24M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.17M€1.35M▲
Profit (loss) brought forward from the previous period14P€103k€103k▲
Transfer to equity691/2€1.07M€1.24M▲
To other reserves6921€1.07M€1.24M▲
Social balance
Average headcount (FTE)90870.00.0=
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
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Equity above €25MEq €25.04M ▲4.5%
7 profitable years in a row build equity to €25.04M.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €23k ▼99.5%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 64.30
Current ratio from 12.54 to 64.30; short-term debt falls from €1.20M to €219k.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 12.54
Current ratio from 5.46 to 12.54; short-term debt falls from €1.93M to €1.20M.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 5.46
Current ratio from 2.17 to 5.46; short-term debt falls from €6.71M to €1.93M.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 54 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kruisem · 1 establishment unit since 2001
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.
Industriezone(KRU) 12/00019770 KruisemGround area
2.1 ha
Building footprint
1.0 ha
Volume, LiDAR
50,395 m³
Parcel 45017C0680/00F000, Flanders · tallest building 16.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Industriezone(KRU) 12, 9770 Kruisem
since 20012.100.310.613
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017C0680/00F000 | Flanders | 2.1 ha | 1 · 1.0 ha | 16.3 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500E7F7DDCB8F0239
Similar companies · same sector, comparable size
ECHOFIN
BE 0444.462.908
Izegem · Eq €26.26M
BK HOLDING
BE 0795.191.449
Diepenbeek · Eq €26.33M
M.M. INVEST
BE 0476.101.932
Hooglede · Eq €26.24M
SOBRADIS
BE 0442.311.486
Gent · Eq €26.35M
EDGARD
BE 0567.763.071
Frameries · Eq €26.18M
Of 24,726 companies in sector 64210 we hold annual accounts for 19,748. 3,745 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-12-2000
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.