Euro-Fitting Invoicing
ActiveEuro-Fitting Invoicing has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.61M and a net result of €795k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 86 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
64
/ 100
Healthy▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-12
Solvency25▲+5
Growth52▼-2
Stability100
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 tight (current ratio 1.18 against 1.11 in 2023), and 85% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15%
Return on assets
1.1%
Age of the figures
20 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Sector 29
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 86 sector peers (2024).
NBB · sector comparisonPosition among 86 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
50 d early
2022
184 d late
2021
37 d early
2020
76 d late
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.76M▼ 33.6%
2023 · €2.66M
2021: €3.14M
2022: €4.41M
2023: €2.66M
2021 → 2024
EBIT margin
50.0%▼ 21.2pp
2023 · 71.2%
2021: 28.8%
2022: 44.6%
2023: 71.2%
2021 → 2024
Net result
€795k▼ 44.0%
2023 · €1.42M
2021: €636k
2022: €1.56M
2023: €1.42M
2021 → 2024
Working capital
€10.58M▲ 8.1%
2023 · €9.79M
2021: €6.81M
2022: €8.34M
2023: €9.79M
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€3.14M-€4.41M▲ 40.1%€2.66M▼ 39.7%€1.76M▼ 33.6%
Equity€6.84M-€8.40M▲ 22.9%€9.82M▲ 16.9%€10.61M▲ 8.1%
Operating result€906k-€1.96M▲ 117%€1.89M▼ 3.7%€882k▼ 53.4%
Net result€636k-€1.56M▲ 146%€1.42M▼ 9.1%€795k▼ 44.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 53% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70.87M
Fixed assets
€38k▲ 18.0%
Current assets
€70.83M▼ 26.1%
Equity and liabilities €70.87M
Equity
€10.61M▲ 8.1%
Debt
€60.26M▼ 30.0%
The debt ratio falls from 89.8% to 85.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€893k▼
2023 · €1.91M
Cash flow
€806k▼
2023 · €1.44M
Solvency
15.0%▲
2023 · 10.2%
Current ratio
1.18▲
2023 · 1.11
Quick ratio
0.97▼
2023 · 0.99
Debt / equity
5.68▼
2023 · 8.77
ROE
7.5%▼
2023 · 14.5%
ROA
1.1%▼
2023 · 1.5%
Interest coverage
10.13▼
2023 · 17.20
Debt
€60.26M▼
2023 · €86.12M
Debt ≤ 1 year
€60.25M▼
2023 · €86.11M
Income taxes
€267k▼
2023 · €486k
Staff costs
€122k▼
2023 · €138k
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 · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€95.94M€70.87M▼
Fixed assets
21/28€32k€38k▲
Intangible fixed assets
21€30k€37k▲
Tangible fixed assets
22/27€2k€1k▼
Current assets
29/58€95.90M€70.83M▼
Stocks & contracts in progress
3€10.98M€12.09M▲
Amounts receivable within one year
40/41€77.19M€57.27M▼
Cash & bank
54/58€7.74M€1.46M▼
Total equity & liabilities
10/49€95.94M€70.87M▼
Equity
10/15€9.82M€10.61M▲
Contributions / capital
10/11€62k€62k=
Reserves
13€6k€6k=
Accumulated profits (losses)
14€9.75M€10.55M▲
Amounts payable
17/49€86.12M€60.26M▼
Amounts payable within one year
42/48€86.11M€60.25M▼
Trade debts payable within one year
44€85.80M€59.66M▼
Income statement
Code20232024
Turnover
70€2.66M€1.76M▼
Operating result
9901€1.89M€882k▼
Financial income
75€125k€356k▲
Financial charges
65€111k€176k▲
Result before taxes
9903€1.91M€1.06M▼
Income taxes
67/77€486k€267k▼
Net result for the period
9904€1.42M€795k▼
Result to be appropriated
9905€1.42M€795k▼
Timeline · acts, filings and financial milestones
2026
06-01
State Gazette act
Director changes
v3.2
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
22-01
State Gazette act
Director changes
v3.2
22-01
State Gazette act
Director changes
v3.2
2024
31-12
Financial
Equity above €10MEq €10.61M ▲8.1%
4 profitable years in a row build equity to €10.61M.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
04-03
State Gazette act
Director changes
v3.2
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 184 days late
2023
19-10
State Gazette act
Director changes
v3.2
10-05
State Gazette act
Director changes
v3.2
2022
31-12
Financial
Highest result since 2021net €1.56M ▲146%
Operating result €1.96M, net result €1.56M, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
08-04
State Gazette act
Director changes
v3.2
2021
15-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 76 days late
2020
18-11
State Gazette act
Director changes
v3.2
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
29-06
State Gazette act
Director changes
v3.2
2019
12-11
State Gazette act
Director changes
v3.2
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
State Gazette act
Director changes
v3.2
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-11
State Gazette act
Director changes
v3.2
10-11
State Gazette act
Director changes
v3.2
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
18-07
State Gazette act
Director changes
v3.2
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
2015
04-06
State Gazette act
Statutes amendment
v3.2
2014
08-08
State Gazette act
Director changes
v3.2
08-08
State Gazette act
Director changes
v3.2
2013
14-10
State Gazette act
Director changes
v3.2
2011
15-06
State Gazette act
Director changes
v3.2
2007
05-06
State Gazette act
Director changes
v3.2
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
20 of 26 acts read
About the unread acts
Of the 26 Belgian State Gazette acts we know for this company, 20 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
20 directors, last change in 2025
Thomas BIGALLET
CurrentDirector · since 20-09-2025
Cyrille BEAU
CurrentDirector · since 22-01-2025
Jan BLAAUW
CurrentDirector · since 01-01-2024
Roland Peter WELZBACHER
CurrentDirector · since 01-08-2023
Eric PASKOFF
CurrentDirector · since 18-11-2020
Klaus KREIPE
CurrentDirector · since 18-11-2020
+ 4 not shown in this overview
20-09-2025
Thomas BIGALLET: Appointed as Director
20-09-2025
Jan BLAAUW: Appointed as Director
20-09-2025
Gerd BARTELS: Appointed as Director
19-09-2025
Christian METZGER: Resigned as Director
19-09-2025
Kiaus KREIPE: Resigned as Director
19-09-2025
Roland WELZBACHER: Resigned as Director
61 further events in the mandate history. Available in Kantoor S.
See plans →
Not every act has been read: a resignation may be missing here
6 of this company's 26 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Gent
Ground area
5,483 m²
Building footprint
1,592 m²
Volume, LiDAR
6,919 m³
Parcel 44813B0120/00E004, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44813B0120/00E004 | Flanders | 5,483 m² | 1 · 1,592 m² | 9.2 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.
Statutory auditor
7 auditors| BV PwC BedrijfsrevisorenCurrent Statutory auditor · represented by Annelies Deplancke | 08-04-2022 → present |
| PWC Bedrijfsrevisoren B.VCurrent Statutory auditor · represented by Annelies Deplancke | 18-07-2022 → present |
Show 5 earlier auditors
| BDO Atrio Bedrijfsrevisoren Burg. CVBA Statutory auditor · represented by null succeeded by KPMG Bedrijfsrevisoren Burg. CVBA in 2013 | 05-06-2007 → 14-10-2013 |
| KPMG Bedrijfsrevisoren Burg. CVBA Statutory auditor · represented by Serge Cosijns succeeded by KPMG Réviseurs d'Entreprises CVBA in 2020 | 14-10-2013 → 29-06-2020 |
| KPMG Bedrijfsrevisoren CVBA Statutory auditor · represented by Serge COSIJNS | - → 18-11-2020 |
| KPMG Réviseurs d'Entreprises CVBA Statutory auditor · represented by Serge COSIJNS succeeded by BV PwC Bedrijfsrevisoren in 2022 | 29-06-2020 → 08-04-2022 |
| Veerle Catry Statutory auditor | - → 14-10-2013 |
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared director
→
Shared director
→
Shared director
→
Shared director
→
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
BROSE GENT
BE 0478.504.562
Gent · Eq €10.38M
Adient Belgium
BE 0437.456.835
Assenede · Eq €11.73M
FOMECO
BE 0450.254.796
Zwevegem · Eq €9.39M
PUNCH POWERTRAIN
BE 0463.278.829
Sint-Truiden · Eq €9.05M
H P PELZER
BE 0439.647.649
Genk · Eq €9.00M
Of 192 companies in sector 29320 we hold annual accounts for 120. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-12-2003
Fiscal year end31-12
Activities, NACEBEL
29320Manufacture of motor vehicles, trailers and semi-trailers
34300
74851
82100Office administrative and support services
82190Office administrative, office support and other business support activities
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 20 actsNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-07-2026. Scores and ratios are computed by Checked and are not a credit decision.