The Factory
ActiveThe Factory has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €487k and a net result of €-34k. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44=
Solvency71▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 5.05 against 6.16 in 2024; short-term debt: 5.6% and cash: 0.5% of total assets), but 53.6% of the assets are financed with debt.
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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
26 d late
2020
25 d late
2019
35 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€487k▼ 6.5%
2024 · €521k
2018: €269k
2019: €377k
2020: €377k
2021: €378k
2022: €433k
2023: €493k
2024: €521k
2018 → 2025
Total assets
€1.05M▲ 1.7%
2024 · €1.03M
2018: €733k
2019: €804k
2020: €852k
2021: €850k
2022: €947k
2023: €996k
2024: €1.03M
2018 → 2025
Net result
€-34k
2024 · €28k
2018: €14k
2019: €107k
2020: €107k
2021: €3k
2022: €55k
2023: €60k
2024: €28k
2018 → 2025
Working capital
€240k▼ 12.9%
2024 · €276k
2018: €346k
2019: €50k
2020: €94k
2021: €127k
2022: €204k
2023: €261k
2024: €276k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€378k-€433k▲ 14.6%€493k▲ 13.8%€521k▲ 5.6%€487k▼ 6.5%
Operating result€6k-€81k▲ 1,317%€68k▼ 16.5%€66k▼ 2.1%€56k▼ 16.1%
Net result€3k-€55k▲ 1,928%€60k▲ 8.2%€28k▼ 53.5%€-34k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.05M
Fixed assets
€751k▲ 6.8%
Current assets
€299k▼ 9.1%
Equity and liabilities €1.05M
Equity
€487k▼ 6.5%
Debt
€563k▲ 10.2%
The debt ratio rises from 49.5% to 53.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€74k
Cash flow
€-16k
Solvency
46.4%▼
2024 · 50.5%
Current ratio
5.05▼
2024 · 6.16
Quick ratio
5.05▼
2024 · 6.16
Debt / equity
1.16▲
2024 · 0.98
ROE
-7.0%▼
2024 · 5.3%
ROA
-3.2%▼
2024 · 2.7%
Interest coverage
3.51
Debt
€563k▲
2024 · €511k
Debt ≤ 1 year
€59k▲
2024 · €53k
Debt > 1 year
€487k▲
2024 · €440k
Income taxes
€11k▼
2024 · €32k
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€1.03M€1.05M▲
Fixed assets21/28€703k€751k▲
Tangible fixed assets22/27-€168k
Other tangible fixed assets26-€168k
Financial fixed assets28€703k€583k▼
Current assets29/58€329k€299k▼
Amounts receivable after more than one year29€211k€279k▲
Other amounts receivable291€211k€279k▲
Amounts receivable within one year40/41€105k€4k▼
Trade receivables40€490€2k▲
Other amounts receivable41€105k€1k▼
Cash at bank and in hand54/58€1k€6k▲
Deferred charges and accrued income490/1€12k€11k▼
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.05M▲
Equity10/15€521k€487k▼
Contributions10/11€322k€322k=
Reserves13€146k€146k=
Non-distributable reserves130/1€3k€0▼
Reserves not available under the articles1311€3k€0▼
Distributable reserves133€143k€146k▲
Profit (loss) carried forward14€53k€19k▼
Amounts payable17/49€511k€563k▲
Amounts payable after more than one year17€440k€487k▲
Financial debts170/4-€58k
Other amounts payable178/9€440k€429k▼
Amounts payable within one year42/48€53k€59k▲
Current portion of amounts payable after more than one year42-€18k
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€48k€25k▼
Taxes450/3€48k€25k▼
Other amounts payable47/48-€218
Accrued charges and deferred income492/3€18k€17k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€18k
Other operating charges640/8€2k€4k▲
Gross operating margin9900€68k€78k▲
Operating profit (loss)9901€66k€56k▼
Financial income75/76B€12k€11k▼
Recurring financial income75€12k€11k▼
Financial charges65/66B€18k€89k▲
Recurring financial charges65€18k€21k▲
Non-recurring financial charges66B-€68k
Profit (loss) for the period before taxes9903€60k€-23k▼
Income taxes67/77€32k€11k▼
Profit (loss) for the period9904€28k€-34k▼
Profit (loss) for the period to be appropriated9905€28k€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€19k▼
Profit (loss) brought forward from the previous period14P€53k€53k=
Transfer to equity691/2€28k€0▼
To other reserves6921€28k€0▼
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (23 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
29-07
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · Pieter Danckaert
2025
31-12
Financial
Weakest financial yearnet €-34k ▼222%
Net result drops to €-34k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €500kEq €521k ▲5.6%
7 profitable years in a row build equity to €521k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 7.25
Current ratio from 3.16 to 7.25; short-term debt falls from €44k to €20k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 25 days late
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB 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, Wetteren · 1 establishment unit since 1992
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.
Noordlaan 239230 WetterenGround area
121 m²
Building footprint
120 m²
Volume, LiDAR
829 m³
Parcel 42303F0048/00Z004, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Noordlaan 23, 9230 Wetteren
since 19922.056.674.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42303F0048/00Z004 | Flanders | 121 m² | 1 · 120 m² | 11.0 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:VDG EVENTS
Similar companies · same sector, comparable size
Logibel en-of Belgische Logistiek
BE 0402.122.606
Boom · Eq €501k
CHARLY WILLEMS
BE 0898.300.568
Diepenbeek · Eq €502k
FACT _
BE 0877.115.174
Diest · Eq €503k
ELLE & LUI FASHION
BE 0476.272.869
Knokke-Heist · Eq €516k
INTENS
BE 0469.464.657
Kontich · Eq €519k
Of 1,276 companies in sector 46160 we hold annual accounts for 686. 408 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-03-1992
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
51160
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.