The Labyrinth
ActiveThe annual accounts of The Labyrinth for fiscal year 2025 show a net loss of 369% of the equity at the start of that year. The 2025 annual accounts show equity of €2k and a net result of €-196k. Equity is shrinking by ~30.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 17% of 9183 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-17
Solvency25▼-2
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.7 against 1.49 in 2024; short-term debt: 58.8% and cash: 1.9% of total assets), but 99.9% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9183 sector peers (2025).
NBB · sector comparisonPosition among 9183 sector peers
Solvency
better than 17%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
21 d late
2022
4 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2k▼ 95.4%
2024 · €53k
2022: €62k
2023: €51k
2024: €53k
2022 → 2025
Total assets
€3.15M▲ 38.3%
2024 · €2.28M
2022: €787k
2023: €1.25M
2024: €2.28M
2022 → 2025
Net result
€-196k
2024 · €2k
2022: €49k
2023: €-11k
2024: €2k
2022 → 2025
Working capital
€1.29M▲ 72.2%
2024 · €749k
2022: €120k
2023: €438k
2024: €749k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€62k-€51k▼ 18.3%€53k▲ 4.1%€2k▼ 95.4%
Operating result€97k-€-194€24k€-190k
Net result€49k-€-11k€2k€-196k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €190k after €24k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.15M
Fixed assets
€5k▲ 95.6%
Current assets
€3.14M▲ 38.2%
Equity and liabilities €3.15M
Equity
€2k▼ 95.4%
Debt
€3.14M▲ 41.4%
The debt ratio rises from 97.7% to 99.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-189k▼
2024 · €24k
Cash flow
€-194k▼
2024 · €2k
Solvency
0.1%▼
2024 · 2.3%
Current ratio
1.70▲
2024 · 1.49
Quick ratio
0.13▲
2024 · 0.09
ROA
-6.2%▼
2024 · 0.1%
Interest coverage
-27.09▼
2024 · 1.07
Debt
€3.14M▲
2024 · €2.22M
Debt ≤ 1 year
€1.85M▲
2024 · €1.52M
Debt > 1 year
€1.23M▲
2024 · €680k
Income taxes
€7▲
2024 · €-8
A ratio outside any meaningful range has been withheld (balance sheet total €3.15M, equity €2k).
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€2.28M€3.15M▲
Fixed assets21/28€3k€5k▲
Intangible fixed assets21€3k€5k▲
Current assets29/58€2.27M€3.14M▲
Stocks and contracts in progress3€2.14M€2.90M▲
Stocks30/36€1.62M€2.69M▲
Contracts in progress37€525k€213k▼
Amounts receivable within one year40/41€102k€179k▲
Trade receivables40€101k€177k▲
Other amounts receivable41€927€3k▲
Cash at bank and in hand54/58€32k€60k▲
Deferred charges and accrued income490/1-€245
Equity and liabilities
Total equity and liabilities10/49€2.28M€3.15M▲
Equity10/15€53k€2k▼
Contributions10/11€13k€158k▲
Reserves13€40k€0▼
Distributable reserves133€40k€0▼
Profit (loss) carried forward14-€-156k
Amounts payable17/49€2.22M€3.14M▲
Amounts payable after more than one year17€680k€1.23M▲
Financial debts170/4€680k€1.23M▲
Amounts payable within one year42/48€1.52M€1.85M▲
Current portion of amounts payable after more than one year42€725k€833k▲
Financial debts43€692k€940k▲
Credit institutions430/8€692k€940k▲
Trade debts44€28k€32k▲
Suppliers440/4€28k€32k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€67k€40k▼
Accrued charges and deferred income492/3€19k€63k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145€1k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€25k€-185k▼
Operating profit (loss)9901€24k€-190k▼
Financial income75/76B€650€1k▲
Recurring financial income75€650€1k▲
Financial charges65/66B€22k€7k▼
Recurring financial charges65€22k€7k▼
Profit (loss) for the period before taxes9903€2k€-196k▼
Income taxes67/77€-8€7▲
Profit (loss) for the period9904€2k€-196k▼
Profit (loss) for the period to be appropriated9905€2k€-196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-196k▼
Transfer from equity791/2€0€40k▲
Transfer to equity691/2€2k€0▼
To other reserves6921€2k€0▼
The notes to these accounts (14 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-196k ▼9353%
Net result drops to €-196k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-03-2024
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2021
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.
Kleine Kauwenberg 82000 AntwerpenGround area
449 m²
Building footprint
264 m²
Volume, LiDAR
3,776 m³
Parcel 11802B1121/00V000, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
LTL. Mountain
since 20212.320.620.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B1121/00V000 | Flanders | 449 m² | 1 · 264 m² | 18.1 m · 5 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.
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 1,454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 4 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.