TROPICAL
ActiveSummary
TROPICAL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €323k and a net result of €109k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+11
Solvency85▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.19 against 1.82 in 2024; short-term debt: 29.9% and cash: 55.7% of total assets), and 40% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 93
Relative position
BE, all sectors
reference
Sector 93
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
60%
Return on assets
20.2%
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
28 d late
2023
65 d late
2022
30 d late
2021
41 d early
2020
46 d early
2019
31 d early
← 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, abbreviated schema
Equity
€323k▲ 32.7%
2024 · €243k
2018: €46k
2019: €76k
2020: €86k
2021: €139k
2022: €144k
2023: €220k
2024: €243k
2018 → 2025
Total assets
€537k▲ 12.4%
2024 · €478k
2018: €497k
2019: €452k
2020: €375k
2021: €451k
2022: €455k
2023: €439k
2024: €478k
2018 → 2025
Net result
€109k▲ 94.8%
2024 · €56k
2018: €11k
2019: €31k
2020: €10k
2021: €53k
2022: €5k
2023: €76k
2024: €56k
2018 → 2025
Working capital
€191k▲ 42.8%
2024 · €134k
2018: €21k
2019: €39k
2020: €126k
2021: €170k
2022: €173k
2023: €119k
2024: €134k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€144k▲ 3.8%€220k▲ 52.7%€243k▲ 10.5%€323k▲ 32.7%
Operating result€71k-€17k▼ 75.9%€120k▲ 600%€91k▼ 24.0%€162k▲ 76.9%
Net result€53k-€5k▼ 90.0%€76k▲ 1,339%€56k▼ 26.6%€109k▲ 94.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €537k
Fixed assets
€186k ▲ 1.9%
Current assets
€352k ▲ 18.9%
Equity and liabilities €537k
Equity
€323k ▲ 32.7%
Debt
€215k ▼ 8.6%
Debt's share of the balance-sheet total falls from 49.2% to 40.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246k▲
2024 · €154k
Cash flow
€192k▲
2024 · €118k
Current ratio
2.19▲
2024 · 1.82
Quick ratio
2.08▲
2024 · 1.69
Debt to equity
0.67▼
2024 · 0.97
ROE
33.7%▲
2024 · 22.9%
ROA
20.2%▲
2024 · 11.7%
Interest coverage
31.82▲
2024 · 11.70
Debt ≤ 1 year
€161k▼
2024 · €162k
Debt > 1 year
€53k▼
2024 · €68k
Income taxes
€46k▲
2024 · €23k
Staff costs
€124k▲
2024 · €121k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€478k€537k▲
Fixed assets21/28€182k€186k▲
Tangible fixed assets22/27€181k€185k▲
Land and buildings22€71k€69k▼
Plant, machinery and equipment23€74k€68k▼
Furniture and vehicles24€37k€47k▲
Financial fixed assets28€1k€1k=
Current assets29/58€296k€352k▲
Stocks and contracts in progress3€22k€18k▼
Stocks30/36€22k€18k▼
Amounts receivable within one year40/41€37k€19k▼
Trade receivables40€36k€5k▼
Other amounts receivable41€1k€14k▲
Cash at bank and in hand54/58€232k€300k▲
Deferred charges and accrued income490/1€4k€15k▲
Equity and liabilities
Total equity and liabilities10/49€478k€537k▲
Equity10/15€243k€323k▲
Contributions10/11€6k€6k=
Reserves13€231k€310k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€229k€308k▲
Profit (loss) carried forward14€6k€6k▲
Amounts payable17/49€235k€215k▼
Amounts payable after more than one year17€68k€53k▼
Financial debts170/4€68k€53k▼
Amounts payable within one year42/48€162k€161k▼
Current portion of amounts payable after more than one year42€27k€23k▼
Trade debts44€46k€60k▲
Suppliers440/4€46k€60k▲
Taxes, remuneration and social security45€60k€78k▲
Taxes450/3€44k€64k▲
Remuneration and social security454/9€15k€14k▼
Other amounts payable47/48€30k-
Accrued charges and deferred income492/3€5k€844▼
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€121k€124k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€84k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€278k€372k▲
Operating profit (loss)9901€91k€162k▲
Financial income75/76B€693€823▲
Recurring financial income75€693€823▲
Financial charges65/66B€13k€8k▼
Recurring financial charges65€13k€8k▼
Profit (loss) for the period before taxes9903€79k€155k▲
Income taxes67/77€23k€46k▲
Profit (loss) for the period9904€56k€109k▲
Profit (loss) for the period to be appropriated9905€56k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€115k▲
Profit (loss) brought forward from the previous period14P€6k€6k▲
Transfer from equity791/2€33k€29k▼
Transfer to equity691/2€56k€109k▲
To other reserves6921€56k€109k▲
Profit to be distributed694/7€33k€29k▼
Return on contributions (dividend)694€33k€29k▼
Social balance
Average headcount (FTE)90872.12.1=
The notes to these accounts (9 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €109k ▲94.8%
Operating result €162k, net result €109k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
31-12
Financial
Equity above €200kEq €220k ▲52.7%
6 profitable years in a row build equity to €220k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €5k ▼90%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100kEq €139k ▲61.9%
4 profitable years in a row build equity to €139k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.79
Current ratio from 1.19 to 2.79; short-term debt falls from €207k to €70k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
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
4 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, Stekene · 1 establishment unit since 2009
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.
Heirweg(STE) 1379190 StekeneGround area
5,711 m²
Building footprint
2,382 m²
Volume, LiDAR
20,796 m³
Parcel 46024B0594/00T003, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tropical
since 20092.183.915.804
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024B0594/00T003 | Flanders | 5,711 m² | 1 · 2,382 m² | 10.1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 17,242 EUR awarded · 17,242 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 17,242 EUR | 17,242 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteStekene2.183.915.804
Dual-learning approval
3 live approvals · 2 endedKok (vwo)
Kok duaal (so)
Restaurant en keuken duaal (so)
Show 2 ended approvals
Hulpkok (so)
Keukenmedewerker (so)
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Of 298 companies in sector 93293 we hold annual accounts for 190. 145 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 (pre-2019)
Founded04-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
93210Sports, amusement and recreation activities
93293Sports, amusement and recreation activities
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.