TREKIJZER
ActiveTREKIJZER has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.98M and a net result of €595k. Equity is growing by ~40.9% per year across the filed fiscal years. Its solvency ranks better than 43% of 4533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+7
Solvency56▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.28 in 2024; short-term debt: 39.6% and cash: 2.8% of total assets), and 69.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers 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 · 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
30.8%
Return on assets
6.1%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
50 d early
2023
30 d late
2022
13 d early
2021
33 d early
2020
31 d early
2019
11 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€595k▲ 16.3%
2024 · €512k
2018: €254k
2019: €191k
2020: €249k
2021: €257k
2022: €424k
2023: €508k
2024: €512k
2018 → 2025
Working capital
€1.53M▲ 22.7%
2024 · €1.25M
2018: €3.00M
2019: €2.88M
2020: €-4.74M
2021: €1.79M
2022: €1.17M
2023: €1.22M
2024: €1.25M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€940k-€1.36M▲ 45.1%€1.87M▲ 37.2%€2.38M▲ 27.3%€2.98M▲ 25.0%
Operating result€502k-€636k▲ 26.7%€800k▲ 25.7%€810k▲ 1.3%€852k▲ 5.2%
Net result€257k-€424k▲ 64.8%€508k▲ 19.8%€512k▲ 0.7%€595k▲ 16.3%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.68M
Fixed assets
€4.32M▼ 9.1%
Current assets
€5.36M▼ 5.8%
Equity and liabilities €9.68M
Equity
€2.98M▲ 25.0%
Debt
€6.70M▼ 16.8%
The debt ratio falls from 77.2% to 69.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.29M▲
2024 · €1.24M
Cash flow
€1.03M▲
2024 · €945k
Solvency
30.8%▲
2024 · 22.8%
Current ratio
1.40▲
2024 · 1.28
Quick ratio
1.40▲
2024 · 1.28
Debt / equity
2.25▼
2024 · 3.38
ROE
20.0%▼
2024 · 21.5%
ROA
6.1%▲
2024 · 4.9%
Interest coverage
7.01▲
2024 · 5.34
Debt
€6.70M▼
2024 · €8.06M
Debt ≤ 1 year
€3.83M▼
2024 · €4.44M
Debt > 1 year
€2.72M▼
2024 · €3.61M
Income taxes
€195k▲
2024 · €179k
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€10.44M€9.68M▼
Fixed assets21/28€4.76M€4.32M▼
Tangible fixed assets22/27€4.76M€4.32M▼
Land and buildings22€4.76M€4.32M▼
Current assets29/58€5.69M€5.36M▼
Amounts receivable within one year40/41€5.50M€5.00M▼
Other amounts receivable41€5.50M€5.00M▼
Cash at bank and in hand54/58€1k€275k▲
Deferred charges and accrued income490/1€185k€84k▼
Equity and liabilities
Total equity and liabilities10/49€10.44M€9.68M▼
Equity10/15€2.38M€2.98M▲
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€1.25M€1.57M▲
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€632k€842k▲
Distributable reserves133€617k€722k▲
Profit (loss) carried forward14€1.06M€1.34M▲
Amounts payable17/49€8.06M€6.70M▼
Amounts payable after more than one year17€3.61M€2.72M▼
Financial debts170/4€3.61M€2.72M▼
Amounts payable within one year42/48€4.44M€3.83M▼
Current portion of amounts payable after more than one year42€868k€881k▲
Financial debts43€3.00M€2.75M▼
Credit institutions430/8€3.00M€2.75M▼
Trade debts44€47k€49k▲
Suppliers440/4€47k€49k▲
Taxes, remuneration and social security45€125k€149k▲
Taxes450/3€125k€149k▲
Other amounts payable47/48€400k-
Accrued charges and deferred income492/3€14k€149k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€434k€434k=
Other operating charges640/8€79k€82k▲
Gross operating margin9900€1.32M€1.37M▲
Operating profit (loss)9901€810k€852k▲
Financial income75/76B€114k€121k▲
Recurring financial income75€114k€121k▲
Financial charges65/66B€233k€183k▼
Recurring financial charges65€233k€183k▼
Profit (loss) for the period before taxes9903€691k€789k▲
Income taxes67/77€179k€195k▲
Profit (loss) for the period9904€512k€595k▲
Transfer from tax-exempt reserves789-€105k
Transfer to tax-exempt reserves689€316k€316k=
Profit (loss) for the period to be appropriated9905€196k€384k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.06M€1.45M▲
Profit (loss) brought forward from the previous period14P€868k€1.06M▲
Transfer to equity691/2-€105k
To other reserves6921-€105k
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
31-12
Financial
Highest result since 2018net €595k ▲16.3%
Operating result €852k, net result €595k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €2MEq €2.38M ▲27.3%
7 profitable years in a row build equity to €2.38M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.36M ▲45.1%
5 profitable years in a row build equity to €1.36M.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 2.74
Current ratio from 0.43 to 2.74; short-term debt falls from €8.36M to €1.03M.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €683k ▲57.3%
3 profitable years in a row build equity to €683k.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €191k ▼25%
Net result drops to €191k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
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
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, Vilvoorde
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.
Harensesteenweg 2281800 VilvoordeGround area
1.2 ha
Building footprint
3,208 m²
Volume, LiDAR
42,082 m³
Parcel 23644H0251/00N000, Flanders · tallest building 17.0 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644H0251/00N000 | Flanders | 1.2 ha | 1 · 3,208 m² | 17.0 m · 4 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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Immo MvP
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MEIRIMMO
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Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 3,245 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-11-2005
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.