TROPICORE
ActiveTROPICORE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.03M and a net result of €3.53M. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 44% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▲+18
Solvency70▲+18
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.37 in 2024; short-term debt: 51.6% and cash: 38.8% of total assets), but 54.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
45.1%
Return on assets
17.7%
Age of the figures
15 mo
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 →
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 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
7 d early
2023
5 d early
2022
11 d early
2021
17 d early
2019
38 d late
2018
27 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.05M▲ 13.9%
2024 · €17.61M
2018: €44.35M
2019: €55.80M
2021: €106.52M
2022: €150.30M
2023: €14.97M
2024: €17.61M
2018 → 2025
EBIT margin
26.2%▲ 13.9pp
2024 · 12.3%
2018: 0.6%
2019: 1.3%
2021: 1.5%
2022: 1.7%
2023: 17.5%
2024: 12.3%
2018 → 2025
Net result
€3.53M▲ 106%
2024 · €1.72M
2018: €-12k
2019: €413k
2021: €924k
2022: €1.60M
2023: €1.92M
2024: €1.72M
2018 → 2025
Working capital
€9.56M▲ 77.2%
2024 · €5.39M
2018: €2.85M
2019: €3.41M
2021: €3.47M
2022: €5.15M
2023: €5.29M
2024: €5.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€106.52M-€150.30M▲ 41.1%€14.97M▼ 90.0%€17.61M▲ 17.6%€20.05M▲ 13.9%
Equity€3.04M-€3.93M▲ 29.1%€5.21M▲ 32.6%€5.49M▲ 5.5%€9.03M▲ 64.4%
Operating result€1.56M-€2.58M▲ 65.6%€2.63M▲ 1.9%€2.16M▼ 17.7%€5.25M▲ 143%
Net result€924k-€1.60M▲ 73.1%€1.92M▲ 20.2%€1.72M▼ 10.8%€3.53M▲ 106%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 143% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20.00M
Fixed assets
€129k▼ 20.7%
Current assets
€19.87M=
Equity and liabilities €20.00M
Equity
€9.03M▲ 64.4%
Provisions
€86k
Debt
€10.89M▼ 25.1%
The debt ratio falls from 72.6% to 54.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.29M▲
2024 · €2.19M
Cash flow
€3.58M▲
2024 · €1.75M
Solvency
45.1%▲
2024 · 27.4%
Current ratio
1.93▲
2024 · 1.37
Quick ratio
1.93▲
2024 · 1.37
Debt / equity
1.21▼
2024 · 2.65
ROE
39.2%▲
2024 · 31.2%
ROA
17.7%▲
2024 · 8.6%
Interest coverage
136.19▼
2024 · 401.56
Debt
€10.89M▼
2024 · €14.54M
Debt ≤ 1 year
€10.31M▼
2024 · €14.48M
Income taxes
€1.20M▲
2024 · €594k
Staff costs
€522k▲
2024 · €278k
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€20.03M€20.00M▼
Fixed assets21/28€162k€129k▼
Intangible fixed assets21€853€474▼
Tangible fixed assets22/27€161k€128k▼
Furniture and vehicles24€159k€128k▼
Other tangible fixed assets26€2k-
Financial fixed assets28€226€251▲
Other financial fixed assets284/8€226€251▲
Amounts receivable and cash guarantees285/8€226€251▲
Current assets29/58€19.87M€19.87M=
Amounts receivable within one year40/41€15.57M€11.57M▼
Trade receivables40€9.53M€11.15M▲
Other amounts receivable41€6.04M€412k▼
Current investments50/53-€23k
Other investments51/53-€23k
Cash at bank and in hand54/58€4.27M€7.76M▲
Deferred charges and accrued income490/1€20k€528k▲
Equity and liabilities
Total equity and liabilities10/49€20.03M€20.00M▼
Equity10/15€5.49M€9.03M▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€1.85M€1.85M=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€632k-
Distributable reserves133€1.19M€1.83M▲
Profit (loss) carried forward14€3.55M€7.08M▲
Provisions and deferred taxes16-€86k
Provisions for liabilities and charges160/5-€86k
Other liabilities and charges164/5-€86k
Amounts payable17/49€14.54M€10.89M▼
Amounts payable within one year42/48€14.48M€10.31M▼
Financial debts43€1.30M€467k▼
Credit institutions430/8€1.30M€467k▼
Trade debts44€12.27M€9.28M▼
Suppliers440/4€12.27M€9.28M▼
Advances received on contracts in progress46-€13k
Taxes, remuneration and social security45€121k€265k▲
Taxes450/3€68k€209k▲
Remuneration and social security454/9€54k€56k▲
Other amounts payable47/48€781k€290k▼
Accrued charges and deferred income492/3€63k€576k▲
Income statement
Code20242025
Operating income70/76A€17.98M€20.96M▲
Turnover70€17.61M€20.05M▲
Other operating income74€380k€911k▲
Operating charges60/66A€15.82M€15.71M▼
Goods for resale, raw materials and consumables60€14.06M€14.34M▲
Purchases600/8€14.06M€14.34M▲
Services and other goods61€1.45M€796k▼
Remuneration, social security and pensions62€278k€522k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€43k▲
Other operating charges640/8€1,000€3k▲
Operating profit (loss)9901€2.16M€5.25M▲
Financial income75/76B€314k€41k▼
Recurring financial income75€314k€41k▼
Income from financial fixed assets750€2€104▲
Income from current assets751€4k-
Other financial income752/9€310k€41k▼
Financial charges65/66B€165k€560k▲
Recurring financial charges65€165k€560k▲
Debt charges650€5k€39k▲
Other financial charges652/9€159k€521k▲
Profit (loss) for the period before taxes9903€2.31M€4.73M▲
Income taxes67/77€594k€1.20M▲
Taxes670/3€594k€1.20M▲
Profit (loss) for the period9904€1.72M€3.53M▲
Transfer from tax-exempt reserves789€421k€632k▲
Profit (loss) for the period to be appropriated9905€2.14M€4.17M▲
Appropriation of the result
Profit (loss) to be appropriated9906€5.40M€7.71M▲
Profit (loss) brought forward from the previous period14P€3.26M€3.55M▲
Transfer to equity691/2€421k€632k▲
To other reserves6921€421k€632k▲
Profit to be distributed694/7€1.43M-
Return on contributions (dividend)694€1.43M-
Social balance
Average headcount (FTE)90872.85.8▲
The notes to these accounts (43 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
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2018net €3.53M ▲106%
Operating result €5.25M, net result €3.53M, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Equity above €5MEq €5.21M ▲32.6%
4 profitable years in a row build equity to €5.21M.
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
31-12
Financial
Back to profitnet €413k
Net result €413k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
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 2018
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.
10-08-2018
Augustin de Bernard de Fauconval de Deukem: Resigned as Director
01-09-2014
Arthur de Bernard de Fauconval de Deuken: Resigned as Director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2010
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.
Drie Lindenstraat 31170 Watermaal-BosvoordeGround area
1,667 m²
Building footprint
625 m²
Volume, LiDAR
4,383 m³
2 parcels, Brussels, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kraainemlaan 33, 1950 Kraainem
since 20102.193.558.889
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002B0087/00W004 | Flanders | 1,255 m² | 1 · 513 m² | 10.0 m · 2 fl. |
| 21652E0248/00W000 | Brussels | 412 m² | 1 · 112 m² | 13.1 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493005FBZKPXYF6AK36
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PROGRESSIM
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Of 6,157 companies in sector 46190 we hold annual accounts for 2,567. 252 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-2010
Fiscal year end30-06
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
66191Agents and brokers in banking services
66300Activities auxiliary to financial services and insurance activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.