CONDES
ActiveCONDES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €202k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity ample (current ratio 7.02 against 4.47 in 2024; short-term debt: 12.7% and cash: 29.9% of total assets), and 12.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
87.3%
Return on assets
16.1%
Age of the figures
9 mo
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
65 d early
2023
49 d early
2023
62 d early
2022
59 d early
2021
69 d early
2020
64 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.09M▲ 16.7%
2024 · €937k
2019: €531k
2020: €577k
2021: €683k
2022: €754k
2023: €900k
2023: €765k
2024: €937k
2019 → 2025
Total assets
€1.25M▲ 6.7%
2024 · €1.17M
2019: €693k
2020: €684k
2021: €754k
2022: €808k
2023: €1.00M
2023: €1.15M
2024: €1.17M
2019 → 2025
Net result
€202k▼ 27.9%
2024 · €280k
2019: €108k
2020: €46k
2021: €106k
2022: €71k
2023: €145k
2023: €201k
2024: €280k
2019 → 2025
Working capital
€959k▲ 16.7%
2024 · €821k
2019: €401k
2020: €468k
2021: €569k
2022: €649k
2023: €793k
2023: €654k
2024: €821k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€754k-€900k▲ 19.3%€765k▼ 15.0%€937k▲ 22.5%€1.09M▲ 16.7%
Operating result€96k-€192k▲ 99.6%€263k▲ 36.9%€361k▲ 36.9%€256k▼ 29.0%
Net result€71k-€145k▲ 105%€201k▲ 38.4%€280k▲ 39.0%€202k▼ 27.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.25M
Fixed assets
€135k▲ 16.4%
Current assets
€1.12M▲ 5.7%
Equity and liabilities €1.25M
Equity
€1.09M▲ 16.7%
Debt
€159k▼ 32.7%
The debt ratio falls from 20.2% to 12.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€284k▼
2024 · €385k
Cash flow
€230k▼
2024 · €304k
Solvency
87.3%▲
2024 · 79.8%
Current ratio
7.02▲
2024 · 4.47
Quick ratio
5.67▲
2024 · 4.45
Debt / equity
0.15▼
2024 · 0.25
ROE
18.5%▼
2024 · 29.9%
ROA
16.1%▼
2024 · 23.8%
Interest coverage
440.32▼
2024 · 640.85
Debt
€159k▼
2024 · €237k
Debt ≤ 1 year
€159k▼
2024 · €237k
Income taxes
€68k▼
2024 · €96k
Staff costs
€345k▼
2024 · €351k
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€1.17M€1.25M▲
Fixed assets21/28€116k€135k▲
Tangible fixed assets22/27€116k€135k▲
Land and buildings22€95k€81k▼
Plant, machinery and equipment23€1k€29▼
Furniture and vehicles24€20k€53k▲
Current assets29/58€1.06M€1.12M▲
Stocks and contracts in progress3€5k€215k▲
Stocks30/36€5k-
Contracts in progress37-€215k
Amounts receivable within one year40/41€604k€528k▼
Trade receivables40€236k€161k▼
Other amounts receivable41€368k€367k▼
Cash at bank and in hand54/58€448k€374k▼
Deferred charges and accrued income490/1€384€786▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.25M▲
Equity10/15€937k€1.09M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€875k€1.03M▲
Non-distributable reserves130/1€24k€24k=
Legal reserve130€24k€24k=
Distributable reserves133€851k€1.01M▲
Amounts payable17/49€237k€159k▼
Amounts payable within one year42/48€237k€159k▼
Trade debts44€39k€52k▲
Suppliers440/4€39k€52k▲
Taxes, remuneration and social security45€90k€62k▼
Taxes450/3€90k€56k▼
Remuneration and social security454/9-€6k
Other amounts payable47/48€108k€46k▼
Income statement
Code20242025
Remuneration, social security and pensions62€351k€345k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€28k▲
Other operating charges640/8€6k€6k▲
Gross operating margin9900€741k€635k▼
Operating profit (loss)9901€361k€256k▼
Financial income75/76B€16k€14k▼
Recurring financial income75€16k€14k▼
Financial charges65/66B€600€645▲
Recurring financial charges65€600€645▲
Profit (loss) for the period before taxes9903€376k€269k▼
Income taxes67/77€96k€68k▼
Profit (loss) for the period9904€280k€202k▼
Profit (loss) for the period to be appropriated9905€280k€202k▼
Appropriation of the result
Profit (loss) to be appropriated9906€280k€202k▼
Transfer from equity791/2€108k€46k▼
Transfer to equity691/2€280k€202k▼
To other reserves6921€280k€202k▼
Profit to be distributed694/7€108k€46k▼
Return on contributions (dividend)694€108k€46k▼
Social balance
Average headcount (FTE)90875.05.0=
The notes to these accounts (8 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1MEq €1.09M ▲16.7%
8 profitable years in a row build equity to €1.09M.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €280k ▲39%
Operating result €361k, net result €280k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
02-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Weakest financial yearnet €46k ▼57.6%
Net result drops to €46k, the lowest in the series; recovery starts the following year.
2019
06-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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 1994
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.
Wulmersumsesteenweg 1513300 TienenGround area
1,586 m²
Building footprint
1,126 m²
Volume, LiDAR
5,412 m³
Parcel 24592D0116/00C002, Flanders · tallest building 5.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wulmersumsesteenweg 151, 3300 Tienen
since 19942.066.633.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24592D0116/00C002 | Flanders | 1,586 m² | 1 · 1,126 m² | 5.3 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.
Similar companies · same sector, comparable size
SCHRIJNWERKERIJ SMEETS
BE 0444.626.917
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Boonen
BE 0459.798.806
Kontich · Eq €1.09M
FRANSSEN PROJECTS
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Pelt · Eq €1.09M
VERA+
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ALUMINIUM DE CROOCK
BE 0417.544.913
Aalst · Eq €1.09M
Of 20,033 companies in sector 43320 we hold annual accounts for 9,135. 4,168 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-04-1994
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.