WHITE CLIFFS TRADING
ActiveWHITE CLIFFS TRADING has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €16k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
87
/ 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
Profitability99▲+79
Solvency80▲+22
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.52 against 3.92 in 2024; short-term debt: 26.5% and cash: 47.6% of total assets), and 45% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
55%
Return on assets
24%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €36k
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 02-06-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
59 d early
2024
60 d late
2023
42 d late
2022
82 d early
2021
67 d late
2020
1 d early
2019
119 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€36k▲ 77.3%
2024 · €20k
2018: €53k
2019: €33k
2020: €39k
2021: €44k
2022: €36k
2023: €19k
2024: €20k
2018 → 2025
Total assets
€65k▲ 5.8%
2024 · €61k
2018: €94k
2019: €70k
2020: €66k
2021: €65k
2022: €49k
2023: €56k
2024: €61k
2018 → 2025
Net result
€16k▲ 2,337%
2024 · €636
2018: €-7k
2019: €-20k
2020: €6k
2021: €6k
2022: €-9k
2023: €-16k
2024: €636
2018 → 2025
Working capital
€43k▲ 2.8%
2024 · €42k
2018: €18k
2019: €5k
2020: €19k
2021: €33k
2022: €30k
2023: €29k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€36k▼ 19.9%€19k▼ 45.5%€20k▲ 3.3%€36k▲ 77.3%
Operating result€6k-€-9k€-15k▼ 72.8%€-2k▲ 83.9%€17k
Net result€6k-€-9k€-16k▼ 82.8%€636€16k▲ 2,337%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €2k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€4k▼ 8.5%
Current assets
€60k▲ 7.0%
Equity and liabilities €65k
Equity
€36k▲ 77.3%
Debt
€29k▼ 29.2%
The debt ratio falls from 67.2% to 45.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▲
2024 · €-2k
Cash flow
€16k▲
2024 · €1k
Solvency
55.0%▲
2024 · 32.8%
Current ratio
3.52▼
2024 · 3.92
Quick ratio
2.13▼
2024 · 2.18
Debt / equity
0.82▼
2024 · 2.05
ROE
43.6%▲
2024 · 3.2%
ROA
24.0%▲
2024 · 1.0%
Interest coverage
14.39▲
2024 · -6.58
Debt
€29k▼
2024 · €41k
Debt ≤ 1 year
€17k▲
2024 · €14k
Debt > 1 year
€12k▼
2024 · €27k
Income taxes
€141▲
2024 · €140
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€61k€65k▲
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€1k€782▼
Plant, machinery and equipment23€4-
Furniture and vehicles24€1k€782▼
Financial fixed assets28€4k€4k=
Current assets29/58€56k€60k▲
Stocks and contracts in progress3€25k€24k▼
Stocks30/36€25k€24k▼
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€4k€5k▲
Other amounts receivable41-€47
Cash at bank and in hand54/58€27k€31k▲
Deferred charges and accrued income490/1€721€1k▲
Equity and liabilities
Total equity and liabilities10/49€61k€65k▲
Equity10/15€20k€36k▲
Contributions10/11€60k€60k=
Reserves13€22€22=
Tax-exempt reserves132€22€22=
Profit (loss) carried forward14€-40k€-24k▲
Amounts payable17/49€41k€29k▼
Amounts payable after more than one year17€27k€12k▼
Other amounts payable178/9€27k€12k▼
Amounts payable within one year42/48€14k€17k▲
Trade debts44€12k€15k▲
Suppliers440/4€12k€15k▲
Taxes, remuneration and social security45€2k€2k▼
Taxes450/3€2k€2k▼
Other amounts payable47/48€246€722▲
Accrued charges and deferred income492/3€20€21▲
Income statement
Code20242025
Remuneration, social security and pensions62€25k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€376€404▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€25k€19k▼
Operating profit (loss)9901€-2k€17k▲
Financial income75/76B€4k-
Recurring financial income75€26-
Non-recurring financial income76B€4k-
Financial charges65/66B€321€1k▲
Recurring financial charges65€321€1k▲
Profit (loss) for the period before taxes9903€776€16k▲
Income taxes67/77€140€141▲
Profit (loss) for the period9904€636€16k▲
Profit (loss) for the period to be appropriated9905€636€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-24k▲
Profit (loss) brought forward from the previous period14P€-41k€-40k▲
The notes to these accounts (7 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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €16k ▲2337%
Operating result €17k, net result €16k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €636
Net result €636 after 2 loss-making years.
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Oostende · 1 establishment unit since 2017
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.
Christinastraat 568400 OostendeGround area
98 m²
Building footprint
98 m²
Volume, LiDAR
1,063 m³
Parcel 35013A0894/00D000, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
't Iengels Wienkeltje - British Goodies
since 20172.269.094.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0894/00D000 | Flanders | 97 m² | 1 · 97 m² | 16.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.269.094.967
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Of 10,519 companies in sector 47110 we hold annual accounts for 5,857. 4,513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-10-2017
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.