SURPLUS 4x4
ActiveSURPLUS 4x4 has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.18M and a net result of €124k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 89% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity ample (current ratio 6.66 against 5.36 in 2024; short-term debt: 11.4% and cash: 19.1% of total assets), and 14.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
85.8%
Return on assets
3.3%
Age of the figures
19 mo
neutral · Filed after the deadline
The financial year that closed on 28-02-2025 was due by 30-09-2025 and was filed on 10-10-2025, 10 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 filingsDeviation from the deadline
2025
10 d late
2024
33 d late
2023
47 d late
2022
25 d late
2021
24 d late
2020
61 d late
2019
7 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 28-02-2026 and is due by 30-09-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-02-2026 close20-09-2026 today30-09-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.18M▲ 2.4%
2024 · €3.11M
2019: €2.92M
2020: €3.01M
2021: €3.12M
2022: €3.26M
2023: €3.39M
2024: €3.11M
2019 → 2025
Total assets
€3.70M▼ 0.4%
2024 · €3.72M
2019: €3.36M
2020: €3.55M
2021: €3.50M
2022: €3.66M
2023: €3.65M
2024: €3.72M
2019 → 2025
Net result
€124k▼ 6.1%
2024 · €132k
2019: €137k
2020: €90k
2021: €111k
2022: €140k
2023: €132k
2024: €132k
2019 → 2025
Working capital
€2.39M▲ 4.7%
2024 · €2.28M
2019: €-8k
2020: €174k
2021: €252k
2022: €401k
2023: €2.55M
2024: €2.28M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.12M-€3.26M▲ 4.5%€3.39M▲ 4.1%€3.11M▼ 8.5%€3.18M▲ 2.4%
Operating result€163k-€205k▲ 25.8%€191k▼ 7.1%€200k▲ 4.7%€182k▼ 8.7%
Net result€111k-€140k▲ 25.7%€132k▼ 5.5%€132k▼ 0.7%€124k▼ 6.1%
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 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.70M
Fixed assets
€889k▼ 2.3%
Current assets
€2.81M▲ 0.2%
Equity and liabilities €3.70M
Equity
€3.18M▲ 2.4%
Provisions
€67k▼ 4.7%
Debt
€458k▼ 15.6%
The debt ratio falls from 14.6% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€203k▼
2024 · €221k
Cash flow
€144k▼
2024 · €152k
Solvency
85.8%▲
2024 · 83.5%
Current ratio
6.66▲
2024 · 5.36
Quick ratio
6.66▲
2024 · 5.36
Debt / equity
0.14▼
2024 · 0.17
ROE
3.9%▼
2024 · 4.2%
ROA
3.3%▼
2024 · 3.5%
Interest coverage
5.69▼
2024 · 11.02
Debt
€458k▼
2024 · €543k
Debt ≤ 1 year
€423k▼
2024 · €524k
Income taxes
€44k▼
2024 · €64k
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€3.72M€3.70M▼
Fixed assets21/28€910k€889k▼
Tangible fixed assets22/27€910k€889k▼
Land and buildings22€910k€889k▼
Current assets29/58€2.81M€2.81M▲
Amounts receivable after more than one year29€2.05M€2.06M▲
Other amounts receivable291€2.05M€2.06M▲
Amounts receivable within one year40/41€6k€45k▲
Trade receivables40-€13k
Other amounts receivable41€6k€32k▲
Current investments50/53€400k-
Cash at bank and in hand54/58€347k€706k▲
Deferred charges and accrued income490/1€3k€111▼
Equity and liabilities
Total equity and liabilities10/49€3.72M€3.70M▼
Equity10/15€3.11M€3.18M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3.04M€3.12M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€189k€182k▼
Distributable reserves133€2.85M€2.93M▲
Provisions and deferred taxes16€70k€67k▼
Deferred taxes168€70k€67k▼
Amounts payable17/49€543k€458k▼
Amounts payable within one year42/48€524k€423k▼
Trade debts44€8k€6k▼
Suppliers440/4€8k€6k▼
Other amounts payable47/48€516k€417k▼
Accrued charges and deferred income492/3€19k€35k▲
Income statement
Code20242025
Non-recurring operating income76A€202-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€27k€29k▲
Gross operating margin9900€248k€232k▼
Operating profit (loss)9901€200k€182k▼
Financial income75/76B€13k€18k▲
Recurring financial income75€13k€18k▲
Financial charges65/66B€20k€36k▲
Recurring financial charges65€20k€36k▲
Profit (loss) for the period before taxes9903€192k€164k▼
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€64k€44k▼
Profit (loss) for the period9904€132k€124k▼
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€138k€130k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€130k▼
Transfer from equity791/2€421k€130k▼
Transfer to equity691/2€138k€130k▼
To other reserves6921€138k€130k▼
Profit to be distributed694/7€421k€130k▼
Return on contributions (dividend)694€421k€130k▼
The notes to these accounts (3 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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2023
16-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
28-02
Financial
Liquidity times 7current ratio 17.70
Current ratio from 2.40 to 17.70; short-term debt falls from €286k to €153k.
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
28-02
Financial
Highest result since 2019net €140k ▲25.7%
Operating result €205k, net result €140k, both a record.
2021
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
29-02
Financial
Weakest financial yearnet €90k ▼34.3%
Net result drops to €90k, the lowest in the series; recovery starts the following year.
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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 · 2 establishment units since 1989
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.
Lampestraat(Rol) 1698510 KortrijkGround area
2.5 ha
Building footprint
4,913 m²
Volume, LiDAR
2,337 m³
3 parcels, Flanders, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SURPLUS 4X4
since 19892.039.818.542
Surplus 4x4
since 20152.250.001.112
3 parcels
Flanders
2
(66.7%)
Wallonia
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0416/00K000 | Wallonia | 1.9 ha | 1 · 4,293 m² | - |
| 34033A0463/00D000 | Flanders | 2,904 m² | 1 · 490 m² | 6.3 m · 1 fl. |
| 34033A0155/00B000 | Flanders | 2,140 m² | 1 · 129 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-08-1988
Fiscal year end28-02
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
77110Renting and leasing of cars and light motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.