WALRAVEN
ActiveWALRAVEN has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.25M and a net result of €316k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+5
Solvency100▲+19
Growth66▼-1
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 5.16 against 2.12 in 2024; short-term debt: 17.9% and cash: 0.2% of total assets), and 18.1% 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
81.9%
Return on assets
11.5%
Age of the figures
9 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 →
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
57 d early
2023
28 d early
2022
52 d early
2021
26 d early
2020
52 d early
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€7.53M▼ 6.8%
2024 · €8.08M
2018: €6.34M
2019: €6.62M
2020: €6.69M
2021: €7.41M
2022: €8.30M
2023: €8.66M
2024: €8.08M
2018 → 2025
EBIT margin
4.9%▲ 1.1pp
2024 · 3.9%
2018: 3.2%
2019: 3.1%
2020: 3.3%
2021: 3.3%
2022: 3.8%
2023: 3.8%
2024: 3.9%
2018 → 2025
Net result
€316k▲ 28.0%
2024 · €247k
2018: €124k
2019: €125k
2020: €145k
2021: €161k
2022: €213k
2023: €251k
2024: €247k
2018 → 2025
Working capital
€2.05M▲ 19.2%
2024 · €1.72M
2018: €565k
2019: €760k
2020: €833k
2021: €1.03M
2022: €1.24M
2023: €1.47M
2024: €1.72M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.41M-€8.30M▲ 12.0%€8.66M▲ 4.3%€8.08M▼ 6.7%€7.53M▼ 6.8%
Equity€1.23M-€1.44M▲ 17.4%€1.69M▲ 17.5%€1.94M▲ 14.6%€2.25M▲ 16.3%
Operating result€243k-€313k▲ 28.8%€327k▲ 4.5%€313k▼ 4.5%€371k▲ 18.6%
Net result€161k-€213k▲ 31.9%€251k▲ 18.0%€247k▼ 1.7%€316k▲ 28.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€216k▼ 7.2%
Current assets
€2.54M▼ 22.0%
Equity and liabilities €2.75M
Equity
€2.25M▲ 16.3%
Debt
€500k▼ 67.7%
The debt ratio falls from 44.4% to 18.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€391k▲
2024 · €337k
Cash flow
€336k▲
2024 · €271k
Solvency
81.9%▲
2024 · 55.6%
Current ratio
5.16▲
2024 · 2.12
Quick ratio
4.57▲
2024 · 1.84
Debt / equity
0.22▼
2024 · 0.80
ROE
14.0%▲
2024 · 12.8%
ROA
11.5%▲
2024 · 7.1%
Interest coverage
21.86▲
2024 · 7.48
Debt
€500k▼
2024 · €1.55M
Debt ≤ 1 year
€492k▼
2024 · €1.54M
Income taxes
€120k▲
2024 · €98k
Staff costs
€1.06M▲
2024 · €970k
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€3.49M€2.75M▼
Fixed assets21/28€233k€216k▼
Tangible fixed assets22/27€233k€216k▼
Land and buildings22€191k€183k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€33k€26k▼
Current assets29/58€3.25M€2.54M▼
Stocks and contracts in progress3€431k€289k▼
Stocks30/36€431k€289k▼
Goods purchased for resale34€431k€289k▼
Amounts receivable within one year40/41€2.82M€2.24M▼
Trade receivables40€628k€351k▼
Other amounts receivable41€2.20M€1.89M▼
Cash at bank and in hand54/58€161€6k▲
Equity and liabilities
Total equity and liabilities10/49€3.49M€2.75M▼
Equity10/15€1.94M€2.25M▲
Contributions10/11€372k€372k=
Reserves13€1.32M€1.57M▲
Distributable reserves133€1.32M€1.57M▲
Profit (loss) carried forward14€247k€316k▲
Amounts payable17/49€1.55M€500k▼
Amounts payable within one year42/48€1.54M€492k▼
Trade debts44€299k€235k▼
Suppliers440/4€299k€235k▼
Taxes, remuneration and social security45€242k€247k▲
Taxes450/3€114k€120k▲
Remuneration and social security454/9€128k€127k▼
Other amounts payable47/48€997k€10k▼
Accrued charges and deferred income492/3€12k€8k▼
Income statement
Code20242025
Operating income70/76A€8.23M€7.58M▼
Turnover70€8.08M€7.53M▼
Other operating income74€151k€47k▼
Non-recurring operating income76A-€101
Operating charges60/66A€7.92M€7.21M▼
Goods for resale, raw materials and consumables60€5.33M€4.71M▼
Purchases600/8€5.07M€4.55M▼
Change in stocks: decrease (increase)609€263k€162k▼
Services and other goods61€1.54M€1.42M▼
Remuneration, social security and pensions62€970k€1.06M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€34k€-19k▼
Other operating charges640/8€20k€20k▲
Non-recurring operating charges66A€233-
Operating profit (loss)9901€313k€371k▲
Financial income75/76B€96k€92k▼
Recurring financial income75€96k€92k▼
Income from current assets751€96k€92k▼
Other financial income752/9€16-
Financial charges65/66B€63k€26k▼
Recurring financial charges65€63k€26k▼
Debt charges650€45k€18k▼
Other financial charges652/9€18k€8k▼
Profit (loss) for the period before taxes9903€345k€437k▲
Income taxes67/77€98k€120k▲
Taxes670/3€98k€120k▲
Profit (loss) for the period9904€247k€316k▲
Profit (loss) for the period to be appropriated9905€247k€316k▲
Appropriation of the result
Profit (loss) to be appropriated9906€499k€564k▲
Profit (loss) brought forward from the previous period14P€251k€247k▼
Transfer to equity691/2€251k€247k▼
To other reserves6921€251k€247k▼
Social balance
Average headcount (FTE)908710.410.5▲
The notes to these accounts (52 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €316k ▲28%
Operating result €371k, net result €316k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.16
Current ratio from 2.12 to 5.16; short-term debt falls from €1.54M to €492k.
31-12
Financial
Equity above €2MEq €2.25M ▲16.3%
8 profitable years in a row build equity to €2.25M.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1MEq €1.07M ▲15.8%
3 profitable years in a row build equity to €1.07M.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 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, Tienen · 1 establishment unit since 1980
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.
Bietenweg 273300 TienenGround area
1.7 ha
Building footprint
4,418 m²
Volume, LiDAR
622 m³
Parcel 24592E0306/00A000, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
Bietenweg 27, 3300 Tienen
since 19802.035.570.932
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592E0306/00A000 | Flanders | 1.7 ha | 1 · 4,418 m² | 5.5 m |
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
2025 · 1 entry · 708 EUR awarded · 708 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 708 EUR | 708 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,565 companies in sector 46900 we hold annual accounts for 920. 519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-1980
Fiscal year end31-12
Activities, NACEBEL
46842Wholesale trade
46900Non-specialised wholesale trade
51542
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.