Confortho
ActiveConfortho has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €702k and a net result of €154k. Equity is growing by ~40.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
94
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency80▲+11
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.5 in 2024), but 57.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
42.5%
Return on assets
9.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
57 d late
2023
58 d late
2022
28 d late
2021
72 d late
2020
47 d early
2019
67 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€154k▲ 5.1%
2024 · €147k
2018: €9k
2019: €12k
2020: €48k
2021: €26k
2022: €27k
2023: €134k
2024: €147k
2018 → 2025
Working capital
€284k▲ 52.7%
2024 · €186k
2018: €27k
2019: €25k
2020: €73k
2021: €44k
2022: €24k
2023: €92k
2024: €186k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€267k▲ 66.9%€402k▲ 50.3%€548k▲ 36.5%€702k▲ 28.1%
Operating result€38k-€37k▼ 2.0%€186k▲ 405%€212k▲ 14.4%€217k▲ 2.3%
Net result€26k-€27k▲ 5.1%€134k▲ 396%€147k▲ 9.1%€154k▲ 5.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.65M
Fixed assets
€947k▲ 3.7%
Current assets
€706k▲ 26.3%
Equity and liabilities €1.65M
Equity
€702k▲ 28.1%
Debt
€950k▲ 2.9%
The debt ratio falls from 62.8% to 57.5%: equity grows faster than debt.
Key figures and ratios
EBITDA
€286k▲
2024 · €279k
Cash flow
€223k▲
2024 · €214k
Solvency
42.5%▲
2024 · 37.2%
Current ratio
1.67▲
2024 · 1.50
Quick ratio
1.50▲
2024 · 1.47
Debt / equity
1.35▼
2024 · 1.68
ROE
21.9%▼
2024 · 26.8%
ROA
9.3%▼
2024 · 10.0%
Interest coverage
27.31▲
2024 · 26.45
Debt
€950k▲
2024 · €924k
Debt ≤ 1 year
€422k▲
2024 · €373k
Debt > 1 year
€529k▼
2024 · €551k
Income taxes
€55k▼
2024 · €57k
Staff costs
€252k▼
2024 · €257k
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€1.47M€1.65M▲
Fixed assets21/28€913k€947k▲
Tangible fixed assets22/27€913k€947k▲
Land and buildings22€816k€788k▼
Plant, machinery and equipment23€519€239▼
Furniture and vehicles24€96k€128k▲
Other tangible fixed assets26-€30k
Current assets29/58€559k€706k▲
Stocks and contracts in progress3€10k€71k▲
Stocks30/36€10k€71k▲
Amounts receivable within one year40/41€255k€364k▲
Trade receivables40€251k€336k▲
Other amounts receivable41€4k€27k▲
Current investments50/53€195k€195k=
Cash at bank and in hand54/58€96k€71k▼
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.65M▲
Equity10/15€548k€702k▲
Contributions10/11€86k€86k=
Reserves13€227k€227k=
Non-distributable reserves130/1€197k€197k=
Reserves not available under the articles1311€197k€197k=
Tax-exempt reserves132€31k€31k=
Profit (loss) carried forward14€235k€389k▲
Amounts payable17/49€924k€950k▲
Amounts payable after more than one year17€551k€529k▼
Financial debts170/4€551k€529k▼
Amounts payable within one year42/48€373k€422k▲
Current portion of amounts payable after more than one year42€93k€96k▲
Trade debts44€124k€189k▲
Suppliers440/4€124k€189k▲
Advances received on contracts in progress46€93k€81k▼
Taxes, remuneration and social security45€52k€45k▼
Taxes450/3€28k€17k▼
Remuneration and social security454/9€25k€29k▲
Other amounts payable47/48€10k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€257k€252k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€69k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-12k€-13k▼
Other operating charges640/8€14k€17k▲
Gross operating margin9900€539k€542k▲
Operating profit (loss)9901€212k€217k▲
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€204k€209k▲
Income taxes67/77€57k€55k▼
Profit (loss) for the period9904€147k€154k▲
Profit (loss) for the period to be appropriated9905€147k€154k▲
Appropriation of the result
Profit (loss) to be appropriated9906€235k€389k▲
Profit (loss) brought forward from the previous period14P€88k€235k▲
Transfer from equity791/2€195k-
Transfer to equity691/2€195k-
To other reserves6921€195k-
Social balance
Average headcount (FTE)90874.06.0▲
The notes to these accounts (12 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Highest result since 2018net €154k ▲5.1%
Operating result €217k, net result €154k, both a record.
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 57 days late
2024
31-12
Financial
Equity above €500kEq €548k ▲36.5%
7 profitable years in a row build equity to €548k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Equity above €200kEq €267k ▲66.9%
5 profitable years in a row build equity to €267k.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 72 days late
2021
31-12
Financial
Equity above €150kEq €160k ▲19.2%
4 profitable years in a row build equity to €160k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €134k ▲55.9%
3 profitable years in a row build equity to €134k.
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 67 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Liège · 2 establishment units since 2014
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.
Rue du Confluent 24032 LiègeGround area
7,227 m²
Building footprint
357 m²
Volume, LiDAR
543 m³
3 parcels, Wallonia · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Confortho
since 20142.241.372.367
Confortho
since 20212.317.364.741
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0367/00B000 | Wallonia | 6,029 m² | - | - |
| 83002A1125/00P000 | Wallonia | 1,012 m² | 1 · 285 m² | - |
| 62023A0527/00E002 | Wallonia | 186 m² | 1 · 72 m² | 12.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
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Of 1,893 companies in sector 46460 we hold annual accounts for 1,113. 773 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-02-2014
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.