FORCES FOR INDUSTRY
ActiveFORCES FOR INDUSTRY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €3k. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 479 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-9
Solvency51▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.29 in 2024; short-term debt: 73.7% and cash: 46% of total assets), and 73.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
26.3%
Return on assets
0.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €93k
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 16-07-2026, 15 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
15 d early
2024
14 d early
2023
23 d early
2022
27 d early
2021
30 d early
2020
23 d early
2019
16 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€93k▲ 3.1%
2024 · €90k
2018: €77k
2019: €164k
2020: €204k
2021: €106k
2022: €71k
2023: €81k
2024: €90k
2018 → 2025
Total assets
€355k▼ 6.4%
2024 · €379k
2018: €388k
2019: €475k
2020: €402k
2021: €329k
2022: €397k
2023: €469k
2024: €379k
2018 → 2025
Net result
€3k▼ 68.6%
2024 · €9k
2018: €34k
2019: €87k
2020: €40k
2021: €-98k
2022: €-36k
2023: €11k
2024: €9k
2018 → 2025
Working capital
€91k▲ 8.2%
2024 · €84k
2018: €151k
2019: €225k
2020: €180k
2021: €83k
2022: €42k
2023: €62k
2024: €84k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€106k-€71k▼ 33.5%€81k▲ 15.3%€90k▲ 11.1%€93k▲ 3.1%
Operating result€-95k-€-30k▲ 68.5%€9k€19k▲ 112%€15k▼ 20.4%
Net result€-98k-€-36k▲ 63.9%€11k€9k▼ 16.2%€3k▼ 68.6%
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 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355k
Fixed assets
€3k▼ 60.1%
Current assets
€353k▼ 5.4%
Equity and liabilities €355k
Equity
€93k▲ 3.1%
Debt
€262k▼ 9.3%
The debt ratio falls from 76.2% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €28k
Cash flow
€7k▼
2024 · €18k
Solvency
26.3%▲
2024 · 23.8%
Current ratio
1.35▲
2024 · 1.29
Quick ratio
1.35▲
2024 · 1.29
Debt / equity
2.81▼
2024 · 3.20
ROE
3.0%▼
2024 · 10.0%
ROA
0.8%▼
2024 · 2.4%
Interest coverage
1.55▼
2024 · 2.38
Debt
€262k▼
2024 · €289k
Debt ≤ 1 year
€262k▼
2024 · €289k
Income taxes
€2▼
2024 · €7
Staff costs
€808k▼
2024 · €831k
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€379k€355k▼
Fixed assets21/28€7k€3k▼
Intangible fixed assets21€3k€81▼
Tangible fixed assets22/27€1k€151▼
Furniture and vehicles24€1k€151▼
Financial fixed assets28€2k€2k▲
Current assets29/58€373k€353k▼
Amounts receivable within one year40/41€229k€188k▼
Trade receivables40€218k€185k▼
Other amounts receivable41€11k€2k▼
Cash at bank and in hand54/58€140k€163k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€379k€355k▼
Equity10/15€90k€93k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€70k€73k▲
Amounts payable17/49€289k€262k▼
Amounts payable within one year42/48€289k€262k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€44k€31k▼
Suppliers440/4€44k€31k▼
Taxes, remuneration and social security45€106k€88k▼
Taxes450/3€21k€15k▼
Remuneration and social security454/9€86k€74k▼
Other amounts payable47/48€138k€143k▲
Income statement
Code20242025
Remuneration, social security and pensions62€831k€808k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€4k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€-10k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€870k€818k▼
Operating profit (loss)9901€19k€15k▼
Financial income75/76B€2k€14▼
Recurring financial income75€2k€14▼
Financial charges65/66B€12k€12k▲
Recurring financial charges65€12k€12k▲
Profit (loss) for the period before taxes9903€9k€3k▼
Income taxes67/77€7€2▼
Profit (loss) for the period9904€9k€3k▼
Profit (loss) for the period to be appropriated9905€9k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€70k€73k▲
Profit (loss) brought forward from the previous period14P€61k€70k▲
Social balance
Average headcount (FTE)908713.812.6▼
The notes to these accounts (14 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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-98k ▼347%
Net result drops to €-98k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €204k ▲24.2%
3 profitable years in a row build equity to €204k.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €87k ▲161%
Operating result €132k, net result €87k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲113%
2 profitable years in a row build equity to €164k.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
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
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, Brugge · 1 establishment unit since 2017
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.
Torhoutse Steenweg 1628200 BruggeGround area
364 m²
Building footprint
144 m²
Volume, LiDAR
984 m³
Parcel 31027D0459/00A011, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Torhoutse Steenweg 162, 8200 Brugge
since 20172.263.018.710
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0459/00A011 | Flanders | 363 m² | 1 · 144 m² | 9.4 m · 3 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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Of 3,713 companies in sector 33120 we hold annual accounts for 1,342. 1,121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2016
Fiscal year end31-12
Activities, NACEBEL
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.