VER +
ActiveVER + has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €-11k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 32% of 11165 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency12▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2024), and 81.9% 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+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
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.1%
Return on assets
-2.4%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
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
29 d early
2023
20 d late
2022
25 d late
2021
39 d late
2020
23 d late
2019
8 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, micro schema
Equity
€82k▼ 11.7%
2024 · €93k
2018: €21k
2019: €14k
2020: €20k
2021: €11k
2022: €203k
2023: €161k
2024: €93k
2018 → 2025
Total assets
€453k▼ 4.4%
2024 · €474k
2018: €148k
2019: €176k
2020: €160k
2021: €254k
2022: €369k
2023: €538k
2024: €474k
2018 → 2025
Net result
€-11k▲ 60.7%
2024 · €-28k
2018: €-1k
2019: €-7k
2020: €5k
2021: €-8k
2022: €191k
2023: €-42k
2024: €-28k
2018 → 2025
Working capital
€-361k▲ 5.3%
2024 · €-381k
2018: €-103k
2019: €-153k
2020: €-138k
2021: €-189k
2022: €-166k
2023: €-375k
2024: €-381k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€203k▲ 1,663%€161k▼ 20.7%€93k▼ 42.1%€82k▼ 11.7%
Operating result€-6k-€249k€-41k€-26k▲ 37.5%€-9k▲ 63.4%
Net result€-8k-€191k€-42k€-28k▲ 33.9%€-11k▲ 60.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €26k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453k
Fixed assets
€453k▼ 4.6%
Current assets
€712▲ 697%
Equity and liabilities €453k
Equity
€82k▼ 11.7%
Debt
€371k▼ 2.7%
The debt ratio rises from 80.4% to 81.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€12k▲
2024 · €-4k
Cash flow
€11k▲
2024 · €-6k
Solvency
18.1%▼
2024 · 19.6%
Current ratio
0.00▲
2024 · 0.00
Quick ratio
0.00▲
2024 · 0.00
Debt / equity
4.51▲
2024 · 4.10
ROE
-13.3%▲
2024 · -29.8%
ROA
-2.4%▲
2024 · -5.8%
Interest coverage
8.52▲
2024 · -2.25
Debt
€371k▼
2024 · €381k
Debt ≤ 1 year
€362k▼
2024 · €381k
Debt > 1 year
€9k
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€474k€453k▼
Fixed assets21/28€474k€453k▼
Tangible fixed assets22/27€474k€453k▼
Land and buildings22€460k€444k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€89€712▲
Cash at bank and in hand54/58€89-
Deferred charges and accrued income490/1-€712
Equity and liabilities
Total equity and liabilities10/49€474k€453k▼
Equity10/15€93k€82k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€73k€62k▼
Amounts payable17/49€381k€371k▼
Amounts payable after more than one year17-€9k
Financial debts170/4-€8k
Other amounts payable178/9-€1k
Amounts payable within one year42/48€381k€362k▼
Financial debts43€9k-
Credit institutions430/8€9k-
Trade debts44€1k€47▼
Suppliers440/4€1k€47▼
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Other amounts payable47/48€368k€362k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-2k€14k▲
Operating profit (loss)9901€-26k€-9k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-28k€-11k▲
Profit (loss) for the period9904€-28k€-11k▲
Profit (loss) for the period to be appropriated9905€-28k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€73k€62k▼
Profit (loss) brought forward from the previous period14P€100k€73k▼
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 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-42k ▼122%
Net result drops to €-42k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Back to profitnet €191k
Net result €191k after one loss-making year.
31-12
Financial
Equity above €200kEq €203k ▲1663%
Equity rises from €11k to €203k.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waregem · 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.
Pijkstraat 728790 WaregemGround area
1,895 m²
Building footprint
256 m²
Volume, LiDAR
1,302 m³
Parcel 34040C0577/00K000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VER +
since 20102.193.440.214
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0577/00K000 | Flanders | 1,895 m² | 1 · 256 m² | 8.6 m · 2 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.
Similar companies · same sector, comparable size
FLAMACO
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WIBEL
BE 0437.893.335
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A.C.NEW BUSINESS
BE 0740.511.856
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ThiMe
BE 0738.552.753
Lummen · Eq €82k
Arthéa
BE 0830.140.846
Chastre · Eq €82k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,553. 1,948 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2009
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 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.