SURFLEX SHIPPING
ActiveSURFLEX SHIPPING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €7k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 953 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-8
Solvency89=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.7 against 2.49 in 2024; short-term debt: 25.8% and cash: 32.9% of total assets), and 36% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Sector 52
higher
← 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
64%
Return on assets
2.6%
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 17-04-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
100 d early
2023
99 d early
2022
84 d early
2021
89 d early
2020
96 d early
2019
105 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
€173k▲ 2.7%
2024 · €168k
2018: €132k
2019: €172k
2020: €141k
2021: €144k
2022: €147k
2023: €148k
2024: €168k
2018 → 2025
Total assets
€270k▲ 2.3%
2024 · €264k
2018: €350k
2019: €381k
2020: €335k
2021: €306k
2022: €249k
2023: €230k
2024: €264k
2018 → 2025
Net result
€7k▼ 69.4%
2024 · €23k
2018: €26k
2019: €42k
2020: €-30k
2021: €4k
2022: €5k
2023: €3k
2024: €23k
2018 → 2025
Working capital
€118k▲ 32.3%
2024 · €89k
2018: €63k
2019: €97k
2020: €55k
2021: €63k
2022: €90k
2023: €88k
2024: €89k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€144k-€147k▲ 2.0%€148k▲ 0.9%€168k▲ 13.8%€173k▲ 2.7%
Operating result€13k-€14k▲ 8.0%€9k▼ 32.5%€32k▲ 249%€12k▼ 61.8%
Net result€4k-€5k▲ 29.7%€3k▼ 44.0%€23k▲ 677%€7k▼ 69.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€82k▼ 28.4%
Current assets
€188k▲ 25.8%
Equity and liabilities €270k
Equity
€173k▲ 2.7%
Provisions
€5k=
Debt
€92k▲ 1.5%
The debt ratio falls from 34.3% to 34.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▼
2024 · €59k
Cash flow
€40k▼
2024 · €50k
Solvency
64.0%▲
2024 · 63.7%
Current ratio
2.70▲
2024 · 2.49
Quick ratio
2.70▲
2024 · 2.49
Debt / equity
0.53▼
2024 · 0.54
ROE
4.0%▼
2024 · 13.6%
ROA
2.6%▼
2024 · 8.6%
Interest coverage
22.14▼
2024 · 27.58
Debt
€92k▲
2024 · €91k
Debt ≤ 1 year
€70k▲
2024 · €60k
Debt > 1 year
€22k▼
2024 · €31k
Income taxes
€6k▼
2024 · €7k
Staff costs
€62k▲
2024 · €56k
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€264k€270k▲
Fixed assets21/28€115k€82k▼
Intangible fixed assets21€54k€36k▼
Tangible fixed assets22/27€59k€44k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€57k€43k▼
Financial fixed assets28€2k€2k=
Current assets29/58€149k€188k▲
Amounts receivable within one year40/41€71k€97k▲
Trade receivables40€69k€95k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€76k€89k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€264k€270k▲
Equity10/15€168k€173k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€148k€153k▲
Provisions and deferred taxes16€5k€5k=
Provisions for liabilities and charges160/5€5k€5k=
Pensions and similar obligations160€5k€5k=
Amounts payable17/49€91k€92k▲
Amounts payable after more than one year17€31k€22k▼
Financial debts170/4€31k€22k▼
Amounts payable within one year42/48€60k€70k▲
Current portion of amounts payable after more than one year42€18k€8k▼
Trade debts44€24k€46k▲
Suppliers440/4€24k€46k▲
Taxes, remuneration and social security45€15k€12k▼
Taxes450/3€7k€5k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€3k€3k=
Income statement
Code20242025
Remuneration, social security and pensions62€56k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Other operating charges640/8€1k€772▼
Gross operating margin9900€116k€108k▼
Operating profit (loss)9901€32k€12k▼
Financial income75/76B€100€3k▲
Recurring financial income75€100€3k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€30k€13k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€23k€7k▼
Profit (loss) for the period to be appropriated9905€23k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€155k▲
Profit (loss) brought forward from the previous period14P€128k€148k▲
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (9 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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €168k ▲13.8%
4 profitable years in a row build equity to €168k.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-05
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.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-30k ▼173%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €42k ▲58.4%
Operating result €60k, net result €42k, both a record.
31-12
Financial
Equity above €150kEq €172k ▲29.8%
2 profitable years in a row build equity to €172k.
01-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
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
3 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, Brasschaat · 1 establishment unit since 2009
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.
Augustijnslei 682930 BrasschaatGround area
308 m²
Building footprint
119 m²
Volume, LiDAR
716 m³
Parcel 11324D0761/00X015, Flanders · tallest building 11.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SURFLEX SHIPPING
since 20092.176.247.953
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11324D0761/00X015 | Flanders | 308 m² | 1 · 119 m² | 11.6 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
875500P33HF05WIFTX84
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NUTS ABOUT NUTS
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Of 1,723 companies in sector 52210 we hold annual accounts for 770. 565 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2009
Fiscal year end31-12
Activities, NACEBEL
52210Service activities incidental to land transportation
52220Warehousing and support activities for transportation
52230Warehousing and support activities for transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bertrandwilliam@hotmail.com
Phone:0479/55.69.78