SHOREBREAK
ActiveSHOREBREAK has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €21k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 2288 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+16
Solvency69▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 0.92 in 2024; short-term debt: 11.2% and cash: 13.3% of total assets), but 56.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
6%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
35 d early
2023
155 d early
2022
60 d early
2021
122 d early
2020
36 d early
2019
36 d early
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€151k▲ 15.9%
2024 · €131k
2018: €69k
2019: €81k
2020: €74k
2021: €78k
2022: €113k
2023: €130k
2024: €131k
2018 → 2025
Total assets
€348k▲ 2.0%
2024 · €341k
2018: €85k
2019: €108k
2020: €94k
2021: €86k
2022: €130k
2023: €163k
2024: €341k
2018 → 2025
Net result
€21k▲ 2,908%
2024 · €691
2018: €4k
2019: €17k
2020: €-7k
2021: €4k
2022: €34k
2023: €33k
2024: €691
2018 → 2025
Working capital
€25k
2024 · €-3k
2018: €60k
2019: €66k
2020: €65k
2021: €68k
2022: €100k
2023: €108k
2024: €-3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€113k▲ 43.9%€130k▲ 15.3%€131k▲ 0.5%€151k▲ 15.9%
Operating result€4k-€41k▲ 868%€40k▼ 4.4%€-525€30k
Net result€4k-€34k▲ 717%€33k▼ 4.6%€691▼ 97.9%€21k▲ 2,908%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €525 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €348k
Fixed assets
€285k▼ 7.9%
Current assets
€63k▲ 97.8%
Equity and liabilities €348k
Equity
€151k▲ 15.9%
Debt
€197k▼ 6.5%
The debt ratio falls from 61.7% to 56.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76k▲
2024 · €34k
Cash flow
€67k▲
2024 · €35k
Solvency
43.5%▲
2024 · 38.3%
Current ratio
1.63▲
2024 · 0.92
Quick ratio
1.63▲
2024 · 0.92
Debt / equity
1.30▼
2024 · 1.61
ROE
13.7%▲
2024 · 0.5%
ROA
6.0%▲
2024 · 0.2%
Interest coverage
11.30▲
2024 · 4.92
Debt
€197k▼
2024 · €211k
Debt ≤ 1 year
€39k▲
2024 · €35k
Debt > 1 year
€158k▼
2024 · €176k
Income taxes
€3k
Staff costs
€965▼
2024 · €5k
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€341k€348k▲
Fixed assets21/28€309k€285k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€307k€283k▼
Plant, machinery and equipment23€61k€50k▼
Furniture and vehicles24€173€14k▲
Other tangible fixed assets26€246k€220k▼
Current assets29/58€32k€63k▲
Amounts receivable within one year40/41€2k€15k▲
Trade receivables40€2k€14k▲
Other amounts receivable41€595€1k▲
Cash at bank and in hand54/58€28k€46k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€341k€348k▲
Equity10/15€131k€151k▲
Contributions10/11€43k€43k=
Reserves13€88k€108k▲
Tax-exempt reserves132€13k€13k=
Distributable reserves133€75k€96k▲
Amounts payable17/49€211k€197k▼
Amounts payable after more than one year17€176k€158k▼
Financial debts170/4€176k€158k▼
Amounts payable within one year42/48€35k€39k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€328€6k▲
Suppliers440/4€328€6k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€7k€8k▲
Other amounts payable47/48€10k€7k▼
Income statement
Code20242025
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62€5k€965▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€46k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€15k-
Gross operating margin9900€56k€79k▲
Operating profit (loss)9901€-525€30k▲
Financial income75/76B€8k-
Recurring financial income75€117-
Non-recurring financial income76B€8k-
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€691€23k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€691€21k▲
Profit (loss) for the period to be appropriated9905€691€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€691€21k▲
Transfer to equity691/2€691€21k▲
To other reserves6921€691€21k▲
The notes to these accounts (11 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €151k ▲15.9%
5 profitable years in a row build equity to €151k.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €34k ▲717%
Operating result €41k, net result €34k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲43.9%
2 profitable years in a row build equity to €113k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 9.78
Current ratio from 4.20 to 9.78; short-term debt falls from €20k to €8k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-7k ▼139%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Koksijde · 1 establishment unit since 2006
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.
Prins Boudewijnstraat(Odk) 128670 KoksijdeGround area
1,426 m²
Building footprint
754 m²
Volume, LiDAR
10,833 m³
2 parcels, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Shorebreak
since 20062.153.573.115
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018B0594/00_000 | Flanders | 767 m² | 1 · 96 m² | 7.0 m · 2 fl. |
| 38502F0118/00_000 | Flanders | 658 m² | 1 · 658 m² | 28.2 m · 8 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 213 EUR awarded · 213 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 213 EUR | 213 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKoksijde2.153.573.115
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Of 1,395 companies in sector 93121 we hold annual accounts for 151. 102 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2006
Fiscal year end31-12
Activities, NACEBEL
92621
93121Football clubs
93199Other sports activities
41003General construction of other non-residential buildings
85510Sports and recreation education
93110Operation of sports facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.