CROLIN
ActiveSummary
CROLIN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €397k and a net result of €172k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 89% of 203 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 7.56 against 2.21 in 2024; short-term debt: 9.2% and cash: 14.6% of total assets), and 11.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
88.7%
Return on assets
38.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
6 d early
2024
8 d early
2023
on the day
2022
10 d early
2021
30 d early
2020
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€397k▲ 76.5%
2024 · €225k
2020: €213k
2021: €248k
2022: €269k
2023: €269k
2024: €225k
2020 → 2025
Total assets
€447k▲ 58.2%
2024 · €282k
2020: €315k
2021: €376k
2022: €382k
2023: €628k
2024: €282k
2020 → 2025
Net result
€172k
2024 · €-44k
2020: €195k
2021: €34k
2022: €21k
2023: €273k
2024: €-44k
2020 → 2025
Working capital
€270k▲ 337%
2024 · €62k
2020: €154k
2021: €61k
2022: €89k
2023: €100k
2024: €62k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€269k▲ 8.6%€269k=€225k▼ 16.5%€397k▲ 76.5%
Operating result€39k-€25k▼ 36.4%€365k▲ 1,357%€-45k€232k
Net result€34k-€21k▼ 38.1%€273k▲ 1,184%€-44k€172k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €232k after a loss of €45k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €447k
Fixed assets
€135k ▼ 20.2%
Current assets
€311k ▲ 176%
Equity and liabilities €447k
Equity
€397k ▲ 76.5%
Debt
€50k ▼ 12.8%
Debt's share of the balance-sheet total falls from 20.4% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€266k▲
2024 · €-7k
Cash flow
€206k▲
2024 · €-7k
Current ratio
7.56▲
2024 · 2.21
Debt to equity
0.13▼
2024 · 0.26
ROE
43.3%▲
2024 · -19.7%
ROA
38.5%▲
2024 · -15.7%
Interest coverage
591.31▲
2024 · -9.81
Debt ≤ 1 year
€41k▼
2024 · €51k
Debt > 1 year
€0▼
2024 · €7k
Income taxes
€61k▲
2024 · €0
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€282k€447k▲
Fixed assets21/28€170k€135k▼
Tangible fixed assets22/27€170k€135k▼
Land and buildings22€70k€59k▼
Plant, machinery and equipment23€100k€76k▼
Current assets29/58€113k€311k▲
Amounts receivable within one year40/41€107k€62k▼
Trade receivables40€1k€26k▲
Other amounts receivable41€106k€35k▼
Cash at bank and in hand54/58€4k€65k▲
Deferred charges and accrued income490/1€2k€184k▲
Equity and liabilities
Total equity and liabilities10/49€282k€447k▲
Equity10/15€225k€397k▲
Contributions10/11€19k€19k=
Reserves13€250k€378k▲
Distributable reserves133€250k€378k▲
Profit (loss) carried forward14€-44k€0▲
Amounts payable17/49€58k€50k▼
Amounts payable after more than one year17€7k€0▼
Financial debts170/4€7k€0▼
Amounts payable within one year42/48€51k€41k▼
Current portion of amounts payable after more than one year42€27k€7k▼
Trade debts44€24k€13k▼
Suppliers440/4€24k€13k▼
Taxes, remuneration and social security45€0€21k▲
Taxes450/3€0€21k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€34k▼
Other operating charges640/8€786€711▼
Gross operating margin9900€-7k€267k▲
Operating profit (loss)9901€-45k€232k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€750€451▼
Recurring financial charges65€750€451▼
Profit (loss) for the period before taxes9903€-44k€233k▲
Income taxes67/77€0€61k▲
Profit (loss) for the period9904€-44k€172k▲
Profit (loss) for the period to be appropriated9905€-44k€172k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-44k€128k▲
Profit (loss) brought forward from the previous period14P-€-44k
Transfer to equity691/2-€128k
To other reserves6921-€128k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €172k
Net result €172k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 7.56
Current ratio from 2.21 to 7.56; short-term debt falls from €51k to €41k.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-44k ▼116%
Net result drops to €-44k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2020net €273k ▲1184%
Operating result €365k, net result €273k, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ingelmunster · 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.
Zuidstraat 38770 IngelmunsterGround area
702 m²
Building footprint
164 m²
Volume, LiDAR
756 m³
Parcel 36007C0519/00E000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CROLIN
since 20192.289.229.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007C0519/00E000 | Flanders | 702 m² | 1 · 164 m² | 7.1 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
JUVILIN
BE 0737.985.205
Ledegem · Eq €389k
ETS. CAVEYE - VINDEVOGEL
BE 0415.718.442
Jette · Eq €409k
NECKEBROECK PASSEMENTERIE
BE 0400.311.476
Erpe-Mere · Eq €382k
KAROSHI
BE 0807.279.233
Diest · Eq €418k
Van Marcke
BE 0424.689.655
Waregem · Eq €365k
Of 210 companies in sector 13100 we hold annual accounts for 139. 88 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 formPrivate limited company
Founded14-05-2019
Fiscal year end30-09
Activities, NACEBEL 2025
13100Manufacture of textiles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.