STRUBOR
ActiveSTRUBOR has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-81k) and a net result of €-17k. Equity is shrinking by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 8% of 2538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-57
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.3 in 2024; short-term debt: 183.3% and cash: 1.5% of total assets), and equity is negative.
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
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 2025Solvency, return and age of the figures
Solvency
-83.3%
Return on assets
-17.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-81k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
21 d late
2023
113 d late
2022
31 d late
2021
72 d late
2020
89 d late
2019
102 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-81k▼ 26.7%
2024 · €-64k
2018: €-4k
2019: €-19k
2020: €-22k
2021: €-36k
2022: €-53k
2023: €-52k
2024: €-64k
2018 → 2025
Total assets
€98k▼ 21.2%
2024 · €124k
2018: €78k
2019: €89k
2020: €106k
2021: €95k
2022: €416k
2023: €202k
2024: €124k
2018 → 2025
Net result
€-17k▼ 43.6%
2024 · €-12k
2018: €-10k
2019: €-15k
2020: €-2k
2021: €-14k
2022: €-17k
2023: €259
2024: €-12k
2018 → 2025
Working capital
€-135k▼ 2.5%
2024 · €-131k
2018: €-29k
2019: €-34k
2020: €-38k
2021: €-48k
2022: €-145k
2023: €-134k
2024: €-131k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-36k-€-53k▼ 46.3%€-52k▲ 0.5%€-64k▼ 22.8%€-81k▼ 26.7%
Operating result€-15k-€-17k▼ 17.5%€248€-12k€-17k▼ 44.2%
Net result€-14k-€-17k▼ 17.3%€259€-12k€-17k▼ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €12k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€53k▼ 20.7%
Current assets
€44k▼ 21.8%
Key figures and ratios
EBITDA
€-3k▼
2024 · €2k
Cash flow
€-3k▼
2024 · €2k
Solvency
-83.3%▼
2024 · -51.8%
Current ratio
0.25▼
2024 · 0.30
Quick ratio
0.10▼
2024 · 0.13
Debt / equity
-2.20▲
2024 · -2.93
ROA
-17.5%▼
2024 · -9.6%
Interest coverage
-27.93▼
2024 · 23.68
Debt
€179k▼
2024 · €188k
Debt ≤ 1 year
€179k▼
2024 · €188k
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€124k€98k▼
Fixed assets21/28€67k€53k▼
Intangible fixed assets21€615€315▼
Tangible fixed assets22/27€67k€53k▼
Land and buildings22€38k€34k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€26k€17k▼
Current assets29/58€57k€44k▼
Stocks and contracts in progress3€32k€26k▼
Stocks30/36€32k€26k▼
Amounts receivable within one year40/41€20k€15k▼
Trade receivables40€10k€7k▼
Other amounts receivable41€10k€8k▼
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€124k€98k▼
Equity10/15€-64k€-81k▼
Contributions10/11€40k€40k=
Profit (loss) carried forward14€-104k€-121k▼
Amounts payable17/49€188k€179k▼
Amounts payable within one year42/48€188k€179k▼
Trade debts44€18k€24k▲
Suppliers440/4€18k€24k▲
Taxes, remuneration and social security45€3k€605▼
Taxes450/3€3k€605▼
Other amounts payable47/48€168k€155k▼
Accrued charges and deferred income492/3€12€13▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€712€692▼
Gross operating margin9900€3k€-2k▼
Operating profit (loss)9901€-12k€-17k▼
Financial income75/76B€0€58▲
Recurring financial income75€0€58▲
Financial charges65/66B€92€113▲
Recurring financial charges65€92€113▲
Profit (loss) for the period before taxes9903€-12k€-17k▼
Profit (loss) for the period9904€-12k€-17k▼
Profit (loss) for the period to be appropriated9905€-12k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-104k€-121k▼
Profit (loss) brought forward from the previous period14P€-92k€-104k▼
The notes to these accounts (7 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
2023
31-12
Financial
Back to profitnet €259
Net result €259 after 5 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 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, Gent · 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.
Industrieweg 1229032 GentGround area
1.3 ha
Building footprint
5,018 m²
Volume, LiDAR
39,388 m³
Parcel 44074C0150/00R002, Flanders · tallest building 70.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STRUBOR
since 20172.260.945.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0150/00R002 | Flanders | 1.3 ha | 1 · 5,018 m² | 70.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 3,209 companies in sector 95316 we hold annual accounts for 752. 404 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2017
Fiscal year end31-12
Activities, NACEBEL
95316Washing and cleaning of motor vehicles
46890Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.