Summary
The House of Finance 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 €45.25M and a net result of €9.63M. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 490 sector peers (fiscal year 2025). The company has been active since 2017 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 check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 490 sector peers (2025).
NBB · sector comparisonPosition among 490 sector peers
Solvency
better than 8%
← weakest
strongest →
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 08-05-2026, 84 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
84 d early
2024
70 d early
2023
90 d early
2022
34 d early
2021
47 d early
2020
40 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€45.25M▲ 27.0%
2024 · €35.62M
2021: €15.20M
2022: €12.82M
2024: €35.62M
2021 → 2025
Net result
€9.63M▼ 42.3%
2024 · €16.68M
2021: €-1.09M
2022: €-2.38M
2024: €16.68M
2021 → 2025
Total assets
€1.58B▲ 5.5%
2024 · €1.50B
2021: €1.36B
2022: €1.11B
2024: €1.50B
2021 → 2025
Solvency
2.9%▲ 0.5pp
2024 · 2.4%
2021: 1.1%
2022: 1.2%
2024: 2.4%
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220242025Trend
Equity€15.20M-€12.82M▼ 15.7%€35.62M▲ 178%€45.25M▲ 27.0%
Operating result€-5.03M-€-13.28M▼ 164%€-309k▲ 97.7%€-298k▲ 3.7%
Net result€-1.09M-€-2.38M▼ 119%€16.68M€9.63M▼ 42.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €298k in 2025 against €309k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58B
Fixed assets
€1.49B ▲ 10.2%
Current assets
€90.87M ▼ 38.3%
Equity and liabilities €1.58B
Equity
€45.25M ▲ 27.0%
Debt
€1.54B ▲ 5.0%
Debt's share of the balance-sheet total falls from 97.6% to 97.1%. Equity and debt are higher.
Key figures and ratios
ROE
21.3%▼
2024 · 46.8%
ROA
0.6%▼
2024 · 1.1%
Debt ≤ 1 year
€192.50M▼
2024 · €235.91M
Debt > 1 year
€1.33B▲
2024 · €1.19B
Income taxes
€3.50M▼
2024 · €6.07M
Staff costs
€251k▲
2024 · €196k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.50B€1.58B▲
Fixed assets21/28€1.35B€1.49B▲
Financial fixed assets28€1.35B€1.49B▲
Affiliated companies280/1€1.35B€1.49B▲
Amounts receivable281€1.35B€1.49B▲
Current assets29/58€147.31M€90.87M▼
Amounts receivable after more than one year29€64.67M€71.12M▲
Other amounts receivable291€64.67M€71.12M▲
Amounts receivable within one year40/41€3.03M€9.34M▲
Trade receivables40€2k€15k▲
Other amounts receivable41€3.03M€9.33M▲
Cash at bank and in hand54/58€6.69M€52k▼
Deferred charges and accrued income490/1€72.92M€10.35M▼
Equity and liabilities
Total equity and liabilities10/49€1.50B€1.58B▲
Equity10/15€35.62M€45.25M▲
Contributions10/11€17.00M€17.00M=
Capital10€17.00M€17.00M=
Issued capital100€17.00M€17.00M=
Reserves13€965k€1.45M▲
Non-distributable reserves130/1€965k€1.45M▲
Legal reserve130€965k€1.45M▲
Profit (loss) carried forward14€17.66M€26.80M▲
Amounts payable17/49€1.46B€1.54B▲
Amounts payable after more than one year17€1.19B€1.33B▲
Financial debts170/4€1.19B€1.33B▲
Other loans174€1.19B€1.33B▲
Amounts payable within one year42/48€235.91M€192.50M▼
Financial debts43€177.39M€40k▼
Credit institutions430/8€177.39M-
Other loans439-€40k
Trade debts44€13k€16k▲
Suppliers440/4€13k€16k▲
Taxes, remuneration and social security45€23k€26k▲
Taxes450/3€5k€5k▲
Remuneration and social security454/9€18k€21k▲
Other amounts payable47/48€58.49M€192.42M▲
Accrued charges and deferred income492/3€37.06M€13.18M▼
Income statement
Code20242025
Operating income70/76A€27k€25k▼
Other operating income74€27k€25k▼
Operating charges60/66A€336k€323k▼
Services and other goods61€139k€71k▼
Remuneration, social security and pensions62€196k€251k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64-
Other operating charges640/8€916€500▼
Operating profit (loss)9901€-309k€-298k▲
Financial income75/76B€115.88M€156.63M▲
Recurring financial income75€115.88M€156.63M▲
Income from financial fixed assets750€115.88M€156.63M▲
Financial charges65/66B€92.82M€143.20M▲
Recurring financial charges65€92.82M€143.20M▲
Debt charges650€92.86M€143.18M▲
Other financial charges652/9€-34k€21k▲
Profit (loss) for the period before taxes9903€22.74M€13.13M▼
Income taxes67/77€6.07M€3.50M▼
Taxes670/3€6.07M€3.50M▼
Profit (loss) for the period9904€16.68M€9.63M▼
Profit (loss) for the period to be appropriated9905€16.68M€9.63M▼
Appropriation of the result
Profit (loss) to be appropriated9906€18.49M€27.29M▲
Profit (loss) brought forward from the previous period14P€1.82M€17.66M▲
Transfer to equity691/2€834k€481k▼
To the legal reserve6920€834k€481k▼
Social balance
Average headcount (FTE)90872.83.0▲
The notes to these accounts (35 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
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €16.68M
Net result €16.68M after 2 loss-making years.
31-12
Financial
Equity above €25MEq €35.62M ▲178%
Equity rises from €12.82M to €35.62M.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-2.38M
Net result drops to €-2.38M, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Kortrijk · 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.
Spinnerijstraat(Kor) 978500 KortrijkGround area
2.8 ha
Building footprint
1,851 m²
Volume, LiDAR
21,779 m³
2 parcels, Flanders · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
The House of Finance
since 20172.271.876.986
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0282/00N000 | Flanders | 2.4 ha | 1 · 915 m² | 14.3 m · 4 fl. |
| 36505C0077/00G000 | Flanders | 4,083 m² | 1 · 935 m² | 16.9 m · 4 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.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Roeselare · LEI lapsed
controls
The House of FinanceBE 0685.593.921
Recognitions · licences · registrations
Legal Entity Identifier
549300XE7YFOWVZ4GM04
Similar companies · same sector, comparable size
LONZA FINANCE INTERNATIONAL NV
BE 0736.673.428
Verviers · Eq €45.30M
BATOPIN
BE 0744.908.035
Sint-Joost-ten-Node · Eq €44.58M
JOMABRIFI
BE 0446.114.975
Brugge · Eq €44.48M
FIMADERO
BE 0437.587.685
Roeselare · Eq €40.57M
BRABHOLD
BE 0454.777.372
Mons · Eq €52.84M
Of 1,507 companies in sector 66199 we hold annual accounts for 917. 89 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.