V - KING
ActiveV - KING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €74k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 9088 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
82
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability32▲+31
Solvency85▲+22
Growth52=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 1.75 against 1.37 in 2024), but 54.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
45.3%
Return on assets
2.9%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 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
35 d late
2024
4 d late
2023
36 d early
2022
39 d late
2021
30 d late
2020
51 d early
2019
37 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.13M▲ 2.6%
2024 · €1.11M
2018: €703k
2019: €751k
2020: €849k
2021: €893k
2022: €913k
2023: €1.11M
2024: €1.11M
2018 → 2025
Total assets
€2.51M▼ 20.5%
2024 · €3.15M
2018: €1.72M
2019: €1.66M
2020: €1.69M
2021: €1.59M
2022: €1.55M
2023: €1.74M
2024: €3.15M
2018 → 2025
Net result
€74k▲ 5,836%
2024 · €1k
2018: €85k
2019: €49k
2020: €198k
2021: €84k
2022: €35k
2023: €316k
2024: €1k
2018 → 2025
Working capital
€300k▼ 16.7%
2024 · €360k
2018: €112k
2019: €236k
2020: €333k
2021: €388k
2022: €725k
2023: €797k
2024: €360k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€893k-€913k▲ 2.3%€1.11M▲ 21.0%€1.11M▲ 0.1%€1.13M▲ 2.6%
Operating result€110k-€58k▼ 47.6%€374k▲ 549%€35k▼ 90.7%€141k▲ 306%
Net result€84k-€35k▼ 58.2%€316k▲ 798%€1k▼ 99.6%€74k▲ 5,836%
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 306% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.51M
Fixed assets
€1.81M▼ 1.5%
Current assets
€702k▼ 46.9%
Equity and liabilities €2.51M
Equity
€1.13M▲ 2.6%
Debt
€1.37M▼ 33.0%
The debt ratio falls from 64.9% to 54.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€193k▼
2024 · €257k
Cash flow
€125k▼
2024 · €224k
Solvency
45.3%▲
2024 · 35.1%
Current ratio
1.75▲
2024 · 1.37
Quick ratio
1.35▲
2024 · 1.32
Debt / equity
1.21▼
2024 · 1.85
ROE
6.5%▲
2024 · 0.1%
ROA
2.9%▲
2024 · 0.0%
Interest coverage
2.89▼
2024 · 17.31
Debt
€1.37M▼
2024 · €2.05M
Debt ≤ 1 year
€402k▼
2024 · €961k
Debt > 1 year
€940k▼
2024 · €1.08M
Income taxes
€16k▼
2024 · €34k
Staff costs
€33k▲
2024 · €32k
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€3.15M€2.51M▼
Fixed assets21/28€1.83M€1.81M▼
Tangible fixed assets22/27€1.83M€1.81M▼
Land and buildings22€1.65M€1.64M▼
Plant, machinery and equipment23€176k€146k▼
Furniture and vehicles24€10k€17k▲
Financial fixed assets28€135€135=
Current assets29/58€1.32M€702k▼
Stocks and contracts in progress3€54k€160k▲
Stocks30/36€54k€160k▲
Amounts receivable within one year40/41€1.02M€320k▼
Trade receivables40€514k€27k▼
Other amounts receivable41€508k€293k▼
Current investments50/53-€4k
Cash at bank and in hand54/58€200k€207k▲
Deferred charges and accrued income490/1€46k€11k▼
Equity and liabilities
Total equity and liabilities10/49€3.15M€2.51M▼
Equity10/15€1.11M€1.13M▲
Contributions10/11€240k€240k=
Reserves13€865k€890k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€846k€871k▲
Profit (loss) carried forward14€2k€5k▲
Amounts payable17/49€2.05M€1.37M▼
Amounts payable after more than one year17€1.08M€940k▼
Financial debts170/4€1.08M€940k▼
Amounts payable within one year42/48€961k€402k▼
Current portion of amounts payable after more than one year42€148k€141k▼
Trade debts44€147k€7k▼
Suppliers440/4€147k€7k▼
Advances received on contracts in progress46€220k€220k=
Taxes, remuneration and social security45€20k€5k▼
Taxes450/3€15k€45▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€426k€29k▼
Accrued charges and deferred income492/3€6k€30k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€32k€33k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€223k€52k▼
Other operating charges640/8€99k€75k▼
Gross operating margin9900€388k€301k▼
Operating profit (loss)9901€35k€141k▲
Financial income75/76B€16k€15k▼
Recurring financial income75€16k€15k▼
Financial charges65/66B€15k€67k▲
Recurring financial charges65€15k€67k▲
Profit (loss) for the period before taxes9903€35k€89k▲
Income taxes67/77€34k€16k▼
Profit (loss) for the period9904€1k€74k▲
Profit (loss) for the period to be appropriated9905€1k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€75k▲
Profit (loss) brought forward from the previous period14P€266€2k▲
Transfer to equity691/2€0€25k▲
To the legal reserve6920€0-
To other reserves6921-€25k
Profit to be distributed694/7€0€45k▲
Return on contributions (dividend)694€0€10k▲
Directors or managers695€0€35k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (21 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
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 35 days late
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-12
Financial
Weakest financial yearnet €1k ▼99.6%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €316k ▲798%
Operating result €374k, net result €316k, both a record.
31-12
Financial
Equity above €1MEq €1.11M ▲21%
6 profitable years in a row build equity to €1.11M.
08-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 39 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.43
Current ratio from 1.61 to 3.43; short-term debt falls from €635k to €298k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Middelkerke · 1 establishment unit since 1996
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.
Oostendelaan 1118430 MiddelkerkeGround area
1,508 m²
Building footprint
283 m²
Volume, LiDAR
1,077 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CAMPING VIKING
since 19962.074.895.920
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0028/00L000 | Flanders | 1,165 m² | 1 · 165 m² | 8.2 m · 2 fl. |
| 35011B0048/00M000 | Flanders | 343 m² | 1 · 118 m² | 3.7 m · 1 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
North Sea Caravans
BE 0413.714.007
Merelbeke-Melle · Eq €1.15M
TER DUINEN
BE 0833.017.093
De Haan · Eq €1.12M
CAMPING MEMLING
BE 0883.593.487
Brugge · Eq €1.15M
SOBLIQUI
BE 0426.886.508
Zele · Eq €1.15M
LA ROSE NOIRE
BE 0439.638.741
Viroinval · Eq €1.10M
Of 440 companies in sector 55300 we hold annual accounts for 291. 215 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-1995
Fiscal year end31-12
Activities, NACEBEL
55220
55300Accommodation
68310Real estate agency activities
68311Real estate activities
70311
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.