Wooden Ships is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22.62M and a net result of €-150k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 58% of 2389 sector peers (fiscal year 2025). The company has been active since 2019 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
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
22 d late
2022
28 d early
2021
41 d early
2020
5 d early
2019
39 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€22.62M▼ 0.7%
2024 · €22.77M
2019: €50k
2020: €23.95M
2021: €23.88M
2022: €23.59M
2023: €23.18M
2024: €22.77M
2019 → 2025
Net result
€-150k▲ 63.3%
2024 · €-409k
2019: €-12k
2020: €-492k
2021: €-78k
2022: €-291k
2023: €-403k
2024: €-409k
2019 → 2025
Total assets
€32.16M▼ 0.3%
2024 · €32.25M
2019: €89k
2020: €34.23M
2021: €33.59M
2022: €33.48M
2023: €32.60M
2024: €32.25M
2019 → 2025
Solvency
70.3%▼ 0.3pp
2024 · 70.6%
2019: 55.8%
2020: 70.0%
2021: 71.1%
2022: 70.4%
2023: 71.1%
2024: 70.6%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23.88M-€23.59M▼ 1.2%€23.18M▼ 1.7%€22.77M▼ 1.8%€22.62M▼ 0.7%
Operating result€64k-€-113k€-19k▲ 83.1%€-23k▼ 19.2%€174k
Net result€-78k-€-291k▼ 275%€-403k▼ 38.5%€-409k▼ 1.4%€-150k▲ 63.3%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €174k after a loss of €23k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32.16M
Fixed assets
€31.91M=
Current assets
€256k▼ 24.2%
Equity and liabilities €32.16M
Equity
€22.62M▼ 0.7%
Debt
€9.54M▲ 0.7%
The debt ratio rises from 29.4% to 29.7%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
70.3%▼
2024 · 70.6%
ROE
-0.7%▲
2024 · -1.8%
ROA
-0.5%▲
2024 · -1.3%
Debt
€9.54M▲
2024 · €9.47M
Debt ≤ 1 year
€1.41M▲
2024 · €1.13M
Debt > 1 year
€8.05M▼
2024 · €8.28M
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€32.25M€32.16M▼
Fixed assets21/28€31.91M€31.91M=
Financial fixed assets28€31.91M€31.91M=
Affiliated companies280/1€31.91M€31.91M=
Participating interests280€31.91M€31.91M=
Current assets29/58€338k€256k▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€329k€242k▼
Trade receivables40€293k€242k▼
Other amounts receivable41€35k€0▼
Cash at bank and in hand54/58€7k€12k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€32.25M€32.16M▼
Equity10/15€22.77M€22.62M▼
Contributions10/11€24.46M€24.46M=
Capital10€24.46M€24.46M=
Issued capital100€24.46M€24.46M=
Profit (loss) carried forward14€-1.69M€-1.84M▼
Amounts payable17/49€9.47M€9.54M▲
Amounts payable after more than one year17€8.28M€8.05M▼
Financial debts170/4€8.28M€8.05M▼
Credit institutions173€5.57M€4.79M▼
Other loans174€2.71M€3.26M▲
Amounts payable within one year42/48€1.13M€1.41M▲
Current portion of amounts payable after more than one year42€786k€786k=
Trade debts44€340k€559k▲
Suppliers440/4€340k€559k▲
Taxes, remuneration and social security45€0€61k▲
Taxes450/3€0€61k▲
Accrued charges and deferred income492/3€64k€89k▲
Income statement
Code20242025
Operating income70/76A€2.10M€2.01M▼
Other operating income74€2.10M€1.97M▼
Non-recurring operating income76A-€37k
Operating charges60/66A€2.12M€1.83M▼
Services and other goods61€1.96M€1.83M▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€160k€0▼
Operating profit (loss)9901€-23k€174k▲
Financial income75/76B€0-
Recurring financial income75€0-
Income from financial fixed assets750€0-
Financial charges65/66B€386k€324k▼
Recurring financial charges65€386k€324k▼
Debt charges650€385k€298k▼
Other financial charges652/9€1k€26k▲
Profit (loss) for the period before taxes9903€-409k€-150k▲
Profit (loss) for the period9904€-409k€-150k▲
Profit (loss) for the period to be appropriated9905€-409k€-150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.69M€-1.84M▼
Profit (loss) brought forward from the previous period14P€-1.28M€-1.69M▼
The notes to these accounts (37 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-492k
Net result drops to €-492k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €10MEq €23.95M ▲48042%
Equity rises from €50k to €23.95M.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Brussel · 1 establishment unit since 2019
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.
Livornostraat 1581000 BrusselGround area
542 m²
Building footprint
473 m²
Volume, LiDAR
9,628 m³
Parcel 21807G0118/00F003, Brussels · tallest building 28.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Wooden Ships
since 20192.299.920.181
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0118/00F003 | Brussels | 542 m² | 1 · 473 m² | 28.6 m · 7 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500J8M8Z3CRGDSF62
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 4,060 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-06-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.