UNION MATES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €203k and a net result of €8k. Equity is growing by ~21.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 6156 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
35 d early
2022
32 d early
2021
21 d late
2020
30 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€203k▲ 4.3%
2023 · €195k
2018: €-103k
2019: €-88k
2020: €-71k
2021: €-78k
2022: €-59k
2023: €195k
2018 → 2024
Net result
€8k▼ 96.7%
2023 · €254k
2018: €1k
2019: €15k
2020: €17k
2021: €-6k
2022: €19k
2023: €254k
2018 → 2024
Total assets
€307k▼ 13.3%
2023 · €355k
2018: €361k
2019: €347k
2020: €369k
2021: €369k
2022: €388k
2023: €355k
2018 → 2024
Solvency
66.2%▲ 11.2pp
2023 · 55.0%
2018: -28.4%
2019: -25.3%
2020: -19.3%
2021: -21.0%
2022: -15.1%
2023: 55.0%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-71k-€-78k▼ 8.8%€-59k▲ 24.2%€195k€203k▲ 4.3%
Operating result€30k-€8k▼ 74.5%€33k▲ 338%€71k▲ 114%€10k▼ 85.3%
Net result€17k-€-6k€19k€254k▲ 1,254%€8k▼ 96.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 85% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €307k
Fixed assets
€272k▼ 4.1%
Current assets
€35k▼ 50.2%
Equity and liabilities €307k
Equity
€203k▲ 4.3%
Debt
€104k▼ 34.9%
The debt ratio falls from 45.0% to 33.8%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
66.2%▲
2023 · 55.0%
ROE
4.1%▼
2023 · 130.1%
ROA
2.7%▼
2023 · 71.6%
Debt
€104k▼
2023 · €160k
Debt ≤ 1 year
€18k▼
2023 · €19k
Debt > 1 year
€86k▼
2023 · €141k
Staff costs
€620▼
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€355k€307k▼
Fixed assets21/28€283k€272k▼
Tangible fixed assets22/27€123k€112k▼
Land and buildings22€123k€112k▼
Financial fixed assets28€160k€160k=
Current assets29/58€71k€35k▼
Amounts receivable within one year40/41€435€0▼
Trade receivables40€0-
Other amounts receivable41€435€0▼
Cash at bank and in hand54/58€70k€35k▼
Deferred charges and accrued income490/1€248€57▼
Equity and liabilities
Total equity and liabilities10/49€355k€307k▼
Equity10/15€195k€203k▲
Contributions10/11€6k€6k=
Reserves13€189k€197k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€189k€197k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€160k€104k▼
Amounts payable after more than one year17€141k€86k▼
Financial debts170/4€99k€86k▼
Other amounts payable178/9€42k€0▼
Amounts payable within one year42/48€19k€18k▼
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€701€225▼
Suppliers440/4€701€225▼
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Remuneration and social security454/9€81€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€2k€620▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k=
Other operating charges640/8€3k€3k▲
Gross operating margin9900€88k€26k▼
Operating profit (loss)9901€71k€10k▼
Financial income75/76B€200k€0▼
Recurring financial income75€200k€0▼
Financial charges65/66B€17k€2k▼
Recurring financial charges65€17k€2k▼
Profit (loss) for the period before taxes9903€254k€8k▼
Profit (loss) for the period9904€254k€8k▼
Profit (loss) for the period to be appropriated9905€254k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€187k€8k▼
Profit (loss) brought forward from the previous period14P€-67k€0▲
Transfer to equity691/2€187k€8k▼
To other reserves6921€187k€8k▼
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €203k ▲4.3%
3 profitable years in a row build equity to €203k.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €254k ▲1254%
Operating result €71k, net result €254k, both a record.
31-12
Financial
Equity above €150kEq €195k
2 profitable years in a row build equity to €195k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 21 days late
2021
31-12
Financial
Weakest financial yearnet €-6k ▼138%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 6current ratio 3.43
Current ratio from 0.56 to 3.43; short-term debt falls from €32k to €15k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
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, Geel · 3 establishment units since 2007
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.
Pas 32440 GeelGround area
512 m²
Building footprint
413 m²
Volume, LiDAR
2,646 m³
2 parcels, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Union Mates
since 20072.165.127.496
BROEKENHUIS
since 20172.267.094.787
BROEKENHUIS
since 20172.267.094.886
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0697/00A002 | Flanders | 308 m² | 1 · 238 m² | 10.1 m · 1 fl. |
| 13434F1004/00S000 | Flanders | 205 m² | 1 · 174 m² | 9.9 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.
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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,538 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-07-2007
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.