SGFR 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 €23k and a net result of €21k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 8018 sector peers (fiscal year 2025). The company has been active since 2021 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 5 filingsDeviation from the deadline
2025
41 d late
2024
25 d late
2023
75 d early
2022
31 d late
2021
17 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▼ 9.4%
2024 · €26k
2021: €21k
2022: €30k
2023: €45k
2024: €26k
2021 → 2025
Net result
€21k▲ 3.3%
2024 · €20k
2021: €19k
2022: €9k
2023: €15k
2024: €20k
2021 → 2025
Total assets
€84k▲ 67.8%
2024 · €50k
2021: €45k
2022: €53k
2023: €64k
2024: €50k
2021 → 2025
Solvency
27.6%▼ 23.5pp
2024 · 51.1%
2021: 47.9%
2022: 56.7%
2023: 71.1%
2024: 51.1%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€30k▲ 41.0%€45k▲ 49.3%€26k▼ 43.3%€23k▼ 9.4%
Operating result€24k-€12k▼ 52.1%€19k▲ 65.8%€26k▲ 36.3%€27k▲ 2.0%
Net result€19k-€9k▼ 54.8%€15k▲ 69.6%€20k▲ 36.7%€21k▲ 3.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€789▼ 4.4%
Current assets
€83k▲ 69.0%
Equity and liabilities €84k
Equity
€23k▼ 9.4%
Debt
€61k▲ 148%
The debt ratio rises from 48.9% to 72.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
27.6%▼
2024 · 51.1%
ROE
90.7%▲
2024 · 79.6%
ROA
25.0%▼
2024 · 40.7%
Debt
€61k▲
2024 · €25k
Debt ≤ 1 year
€61k▲
2024 · €25k
Income taxes
€6k▼
2024 · €6k
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€50k€84k▲
Fixed assets21/28€826€789▼
Tangible fixed assets22/27€826€789▼
Furniture and vehicles24€826€789▼
Current assets29/58€49k€83k▲
Amounts receivable within one year40/41€17k€20k▲
Trade receivables40€16k€20k▲
Other amounts receivable41€908€186▼
Cash at bank and in hand54/58€31k€63k▲
Deferred charges and accrued income490/1€1k€956▼
Equity and liabilities
Total equity and liabilities10/49€50k€84k▲
Equity10/15€26k€23k▼
Contributions10/11€2k€2k=
Reserves13€24k€21k▼
Distributable reserves133€24k€21k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€25k€61k▲
Amounts payable within one year42/48€25k€61k▲
Trade debts44€1k€24k▲
Suppliers440/4€1k€24k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€17k€35k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€532▼
Other operating charges640/8€887€849▼
Gross operating margin9900€31k€28k▼
Operating profit (loss)9901€26k€27k▲
Financial charges65/66B€177€109▼
Recurring financial charges65€177€109▼
Profit (loss) for the period before taxes9903€26k€27k▲
Income taxes67/77€6k€6k▼
Profit (loss) for the period9904€20k€21k▲
Profit (loss) for the period to be appropriated9905€20k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€21k▲
Transfer from equity791/2€40k€2k▼
Transfer to equity691/2€20k€0▼
To the legal reserve6920-€0
To other reserves6921€20k-
Profit to be distributed694/7€40k€24k▼
Return on contributions (dividend)694€40k€24k▼
The notes to these accounts (5 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Highest result since 2021net €21k ▲3.3%
Operating result €27k, net result €21k, both a record.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼54.8%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2021
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.
Schepen Duyckstraat(kor) 128500 KortrijkGround area
696 m²
Building footprint
196 m²
Volume, LiDAR
895 m³
Parcel 34354C0843/00H002, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SGFR
since 20212.313.543.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0843/00H002 | Flanders | 696 m² | 1 · 196 m² | 7.8 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.
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Target
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 7,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2021
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
62020IT consultancy
62200Computer consultancy and computer facilities management
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.