TRADE POLICY
ActiveSummary
TRADE POLICY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-5k. Equity is shrinking by ~22% per year across the filed fiscal years. Its solvency ranks better than 17% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-3
Solvency36▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.5 in 2024; short-term debt: 35.4% and cash: 52.9% of total assets), but 89.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
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
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
10.9%
Return on assets
-3.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 17%
← weakest
strongest →
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
61 d late
2023
16 d early
2022
3 d late
2021
1 d late
2020
31 d late
2019
108 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 24.0%
2024 · €23k
2018: €105k
2019: €73k
2020: €28k
2021: €72k
2022: €80k
2023: €25k
2024: €23k
2018 → 2025
Total assets
€157k▲ 0.2%
2024 · €157k
2018: €244k
2019: €242k
2020: €188k
2021: €205k
2022: €205k
2023: €113k
2024: €157k
2018 → 2025
Net result
€-5k▼ 115%
2024 · €-3k
2018: €2k
2019: €-32k
2020: €-44k
2021: €43k
2022: €8k
2023: €-55k
2024: €-3k
2018 → 2025
Working capital
€72k▼ 4.3%
2024 · €75k
2018: €18k
2019: €10k
2020: €827
2021: €72k
2022: €98k
2023: €91k
2024: €75k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€80k▲ 11.3%€25k▼ 68.5%€23k▼ 10.0%€17k▼ 24.0%
Operating result€48k-€15k▼ 69.5%€-58k€-5k▲ 92.0%€-7k▼ 57.0%
Net result€43k-€8k▼ 81.3%€-55k€-3k▲ 95.4%€-5k▼ 115%
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 €7k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157k
Fixed assets
€30k ▼ 7.0%
Current assets
€127k ▲ 2.0%
Equity and liabilities €157k
Equity
€17k ▼ 24.0%
Provisions
€84k =
Debt
€56k ▲ 11.4%
Debt's share of the balance-sheet total rises from 31.8% to 35.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▼
2024 · €-3k
Cash flow
€-3k▼
2024 · €-985
Current ratio
2.29▼
2024 · 2.50
Debt to equity
3.24▲
2024 · 2.21
ROE
-31.5%▼
2024 · -11.2%
ROA
-3.4%▼
2024 · -1.6%
Interest coverage
-78.08▼
2024 · -2.79
Debt ≤ 1 year
€56k▲
2024 · €50k
Income taxes
€141
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€157k▲
Fixed assets21/28€32k€30k▼
Tangible fixed assets22/27€32k€30k▼
Furniture and vehicles24€882€195▼
Other tangible fixed assets26€31k€29k▼
Current assets29/58€125k€127k▲
Amounts receivable within one year40/41€105k€44k▼
Trade receivables40€41k€28k▼
Other amounts receivable41€64k€16k▼
Cash at bank and in hand54/58€19k€83k▲
Deferred charges and accrued income490/1€31€33▲
Equity and liabilities
Total equity and liabilities10/49€157k€157k▲
Equity10/15€23k€17k▼
Contributions10/11€100k€100k=
Reserves13€9k€9k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-87k€-92k▼
Provisions and deferred taxes16€84k€84k=
Provisions for liabilities and charges160/5€84k€84k=
Pensions and similar obligations160€84k€84k=
Amounts payable17/49€50k€56k▲
Amounts payable within one year42/48€50k€56k▲
Trade debts44€45k€46k▲
Suppliers440/4€45k€46k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€43-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€1k€-922▼
Operating profit (loss)9901€-5k€-7k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€1k€64▼
Recurring financial charges65€1k€64▼
Profit (loss) for the period before taxes9903€-3k€-5k▼
Income taxes67/77-€141
Profit (loss) for the period9904€-3k€-5k▼
Profit (loss) for the period to be appropriated9905€-3k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-92k▼
Profit (loss) brought forward from the previous period14P€-84k€-87k▼
The notes to these accounts (5 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 · micro schema · 28 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-55k ▼776%
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 24.49
Current ratio from 3.40 to 24.49; short-term debt falls from €41k to €4k.
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.48
Current ratio from 1.01 to 2.48; short-term debt falls from €76k to €49k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Etterbeek · 1 establishment unit since 1998
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.
Ijzerlaan 331040 EtterbeekGround area
357 m²
Building footprint
199 m²
Volume, LiDAR
2,476 m³
2 parcels, Brussels · tallest building 20.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Diamantlaan 18, 1030 Schaarbeek
since 19982.088.612.710
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0515/00S002 | Brussels | 225 m² | 1 · 124 m² | 20.3 m · 5 fl. |
| 21905C0072/00Y002 | Brussels | 132 m² | 1 · 75 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Aguila
BE 1013.278.430
Gent · Eq €17,194
ATHAIR
BE 1028.879.988
Ukkel · Eq €17,193
JEROME MATTHIEU
BE 0479.467.931
Ukkel · Eq €17,191
NR Metaal
BE 1011.610.129
Zonhoven · Eq €17,188
MAHBEL
BE 1021.405.545
Marche-en-Famenne · Eq €17,203
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 28,936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.