SKYLINE A.S.

Active

Private limited company (pre-2019)founded 201412 yrs activeKerkstraat 6, 9900 Eeklo, BelgiumKBO/BCE: BE 0545.964.401

The computed 12-month bankruptcy probability of SKYLINE A.S. is 1.8% (moderate). The 2024 annual accounts show equity of €46k and a net result of €12k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 18936 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

51 / 100

Fair▼ -40 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency12▼-84

Growth78=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity short (current ratio 0.37 against 2.0 in 2023), and 81.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

18.4%

Return on assets

4.9%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

30 d late

2022

31 d late

2021

31 d late

2020

5 d early

2019

75 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€46k▲ 36.6%

2023 · €33k

2018: €12k 2019: €10k 2020: €10k 2021: €12k 2022: €17k 2023: €33k

2018 → 2024

Total assets

€248k▲ 277%

2023 · €66k

2018: €25k 2019: €66k 2020: €69k 2021: €59k 2022: €57k 2023: €66k

2018 → 2024

Net result

€12k▲ 48.4%

2023 · €8k

2018: €4k 2019: €-2k 2020: €294 2021: €1k 2022: €5k 2023: €8k

2018 → 2024

Working capital

€-56k

2023 · €32k

2018: €12k 2019: €10k 2020: €7k 2021: €9k 2022: €15k 2023: €32k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€10k-€12k▲ 12.8%€17k▲ 40.9%€33k▲ 100%€46k▲ 36.6%

Operating result€2k-€3k▲ 58.7%€7k▲ 109%€12k▲ 71.4%€19k▲ 53.1%

Net result€294-€1k▲ 358%€5k▲ 259%€8k▲ 70.2%€12k▲ 48.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 53% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €248k

86.6%

13.4%

Fixed assets €215k▲ 19,566%

Current assets €33k▼ 48.7%

Equity and liabilities €248k

18.4%

81.6%

Equity €46k▲ 36.6%

Debt €202k▲ 524%

The debt ratio rises from 49.3% to 81.6%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€24k▲

2023 · €13k

Cash flow

€17k▲

2023 · €9k

Solvency

18.4%▼

2023 · 50.7%

Current ratio

0.37▼

2023 · 2.00

Quick ratio

0.03▼

2023 · 0.56

Debt / equity

4.44▲

2023 · 0.97

ROE

26.8%▲

2023 · 24.7%

ROA

4.9%▼

2023 · 12.5%

Interest coverage

11.14▼

2023 · 11.27

Debt

€202k▲

2023 · €32k

Debt ≤ 1 year

€90k▲

2023 · €32k

Debt > 1 year

€113k

Income taxes

€5k▲

2023 · €3k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€66k€248k▲

Fixed assets21/28€1k€215k▲

Intangible fixed assets21-€20k

Tangible fixed assets22/27€1k€195k▲

Land and buildings22-€194k

Other tangible fixed assets26€1k€307▼

Current assets29/58€65k€33k▼

Stocks and contracts in progress3€47k€30k▼

Stocks30/36€47k€30k▼

Amounts receivable within one year40/41€4k€2k▼

Trade receivables40€2k-

Other amounts receivable41€2k€2k▼

Cash at bank and in hand54/58€14k€1k▼

Deferred charges and accrued income490/1€374-

Equity and liabilities

Total equity and liabilities10/49€66k€248k▲

Equity10/15€33k€46k▲

Contributions10/11€6k€6k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€26k€38k▲

Amounts payable17/49€32k€202k▲

Amounts payable after more than one year17-€113k

Financial debts170/4-€113k

Amounts payable within one year42/48€32k€90k▲

Current portion of amounts payable after more than one year42-€11k

Trade debts44€9k€38k▲

Suppliers440/4€9k€38k▲

Taxes, remuneration and social security45€3k€8k▲

Taxes450/3€3k€8k▲

Other amounts payable47/48€20k€33k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€785€5k▲

Other operating charges640/8€5k€5k▲

Gross operating margin9900€18k€29k▲

Operating profit (loss)9901€12k€19k▲

Financial income75/76B€12-

Recurring financial income75€12-

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€11k€17k▲

Income taxes67/77€3k€5k▲

Profit (loss) for the period9904€8k€12k▲

Profit (loss) for the period to be appropriated9905€8k€12k▲

Appropriation of the result

Profit (loss) to be appropriated9906€26k€38k▲

Profit (loss) brought forward from the previous period14P€18k€26k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Highest result since 2018net €12k ▲48.4%

Operating result €19k, net result €12k, both a record.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

26-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Back to profitnet €294

Net result €294 after one loss-making year.

14-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 75 days late

2019

31-12

Financial Weakest financial yearnet €-2k ▼148%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

29-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 90 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 59 days late

13-02

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 197 days late

2016

20-12

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 142 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Eeklo · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Kerkstraat 69900 Eeklo

Ground area

2,189 m²

Building footprint

455 m²

Volume, LiDAR

1,359 m³

2 parcels, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Donkmeer

Donklaan 108, 9290 BerlareSpecialised construction activities

since 20142.229.712.274

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42022B1249/00A000	Flanders	1,868 m²	1 · 343 m²	6.7 m
43352E0673/00B000 ProtectedTownscape or village viewParochiekerk Sint-Vincentius met aanpalende stratenSource ↗	Flanders	321 m²	1 · 111 m²	12.8 m · 3 fl.