FINDAR
ActiveSummary
FINDAR has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.03M and a net result of €340k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 50% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-45
Solvency77▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.4 in 2024; short-term debt: 46.6% and cash: 1.4% of total assets), and 47.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
52.4%
Return on assets
4.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
149 d early
2022
471 d late
2021
37 d early
2020
1 d early
2019
30 d early
2018
11 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.03M▲ 9.2%
2024 · €3.69M
2018: €3.16M
2019: €3.41M
2020: €3.49M
2021: €4.03M
2022: €5.39M
2024: €3.69M
2018 → 2025
Total assets
€7.68M▼ 38.7%
2024 · €12.55M
2018: €3.24M
2019: €3.49M
2020: €3.70M
2021: €7.62M
2022: €9.83M
2024: €12.55M
2018 → 2025
Net result
€340k▼ 81.8%
2024 · €1.87M
2018: €119k
2019: €256k
2020: €81k
2021: €541k
2022: €1.36M
2024: €1.87M
2018 → 2025
Working capital
€3.97M▲ 11.8%
2024 · €3.55M
2018: €3.01M
2019: €3.27M
2020: €3.36M
2021: €3.90M
2022: €5.25M
2024: €3.55M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€3.49M-€4.03M▲ 15.5%€5.39M▲ 33.6%€3.69M▼ 31.6%€4.03M▲ 9.2%
Operating result€114k-€899k▲ 690%€2.13M▲ 137%€2.70M▲ 27.0%€507k▼ 81.2%
Net result€81k-€541k▲ 571%€1.36M▲ 151%€1.87M▲ 37.8%€340k▼ 81.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.68M
Fixed assets
€134k ▼ 1.7%
Current assets
€7.55M ▼ 39.2%
Equity and liabilities €7.68M
Equity
€4.03M ▲ 9.2%
Debt
€3.66M ▼ 58.7%
Debt's share of the balance-sheet total falls from 70.6% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€509k▼
2024 · €2.71M
Cash flow
€342k▼
2024 · €1.88M
Current ratio
2.11▲
2024 · 1.40
Debt to equity
0.91▼
2024 · 2.40
ROE
8.4%▼
2024 · 50.6%
ROA
4.4%▼
2024 · 14.9%
Interest coverage
2.15▼
2024 · 6.28
Debt ≤ 1 year
€3.58M▼
2024 · €8.86M
Income taxes
€159k▼
2024 · €854k
Staff costs
€4k
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.55M€7.68M▼
Fixed assets21/28€137k€134k▼
Tangible fixed assets22/27€137k€134k▼
Land and buildings22-€133k
Plant, machinery and equipment23€3k€830▼
Other tangible fixed assets26€133k-
Current assets29/58€12.41M€7.55M▼
Amounts receivable within one year40/41€182k€181k▼
Trade receivables40€140k€166k▲
Other amounts receivable41€42k€15k▼
Current investments50/53€11.90M€7.27M▼
Cash at bank and in hand54/58€325k€105k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€12.55M€7.68M▼
Equity10/15€3.69M€4.03M▲
Contributions10/11€10k€10k=
Reserves13€3.65M€3.99M▲
Distributable reserves133€3.65M€3.99M▲
Profit (loss) carried forward14€30k€31k▲
Amounts payable17/49€8.86M€3.66M▼
Amounts payable within one year42/48€8.86M€3.58M▼
Trade debts44€31k€31k▼
Suppliers440/4€31k€31k▼
Taxes, remuneration and social security45€118k€81k▼
Taxes450/3€118k€81k▼
Other amounts payable47/48€8.71M€3.47M▼
Accrued charges and deferred income492/3-€78k
Income statement
Code20242025
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€2k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€2.71M€515k▼
Operating profit (loss)9901€2.70M€507k▼
Financial income75/76B€450k€228k▼
Recurring financial income75€450k€228k▼
Financial charges65/66B€432k€237k▼
Recurring financial charges65€432k€237k▼
Profit (loss) for the period before taxes9903€2.72M€498k▼
Income taxes67/77€854k€159k▼
Profit (loss) for the period9904€1.87M€340k▼
Profit (loss) for the period to be appropriated9905€1.87M€340k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.78M€370k▼
Profit (loss) brought forward from the previous period14P€-88k€30k▲
Transfer from equity791/2€0-
Transfer to equity691/2€1.75M€339k▼
To other reserves6921€1.75M€339k▼
The notes to these accounts (4 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
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
13-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 471 days late
30-06
Financial
Highest result since 2018net €1.87M ▲37.8%
Operating result €2.70M, net result €1.87M, both a record.
27-02
State Gazette act
Board meeting · Power of attorney
Permanent representative · Director appointment
2022
30-09
Financial
Equity above €5MEq €5.39M ▲33.6%
5 profitable years in a row build equity to €5.39M.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €81k ▼68.5%
Net result drops to €81k, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2001
Ground area
1,401 m²
Building footprint
218 m²
Volume, LiDAR
1,101 m³
Parcel 44062B0004/00A002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Kortrijksesteenweg 1190, 9051 Gent
since 20012.100.130.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0004/00A002 | Flanders | 1,401 m² | 1 · 218 m² | 8.7 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.
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MERCURALIA
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MANATEE
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G.M.H.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 13,084 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
Founded09-01-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.