N4&VLAM is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €375k and a net result of €40k. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 93% of 7980 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 27-05-2026, 65 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
65 d early
2024
69 d early
2023
28 d early
2022
16 d early
2021
31 d early
2020
31 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€375k▲ 7.9%
2024 · €347k
2020: €14k
2021: €120k
2022: €223k
2023: €299k
2024: €347k
2020 → 2025
Net result
€40k▼ 15.8%
2024 · €48k
2020: €13k
2021: €106k
2022: €102k
2023: €77k
2024: €48k
2020 → 2025
Total assets
€398k▲ 8.6%
2024 · €366k
2020: €32k
2021: €134k
2022: €282k
2023: €360k
2024: €366k
2020 → 2025
Solvency
94.3%▼ 0.6pp
2024 · 94.9%
2020: 43.9%
2021: 90.2%
2022: 79.1%
2023: 83.1%
2024: 94.9%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€120k-€223k▲ 84.9%€299k▲ 34.5%€347k▲ 16.0%€375k▲ 7.9%
Operating result€152k-€139k▼ 8.6%€102k▼ 26.7%€62k▼ 39.3%€51k▼ 17.7%
Net result€106k-€102k▼ 3.8%€77k▼ 24.9%€48k▼ 37.7%€40k▼ 15.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 18% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398k
Fixed assets
€49k▼ 19.2%
Current assets
€349k▲ 14.1%
Equity and liabilities €398k
Equity
€375k▲ 7.9%
Debt
€23k▲ 21.5%
The debt ratio rises from 5.1% to 5.7%. Equity and debt are higher.
Key figures and ratios
Solvency
94.3%▼
2024 · 94.9%
ROE
10.7%▼
2024 · 13.8%
ROA
10.1%▼
2024 · 13.1%
Debt
€23k▲
2024 · €19k
Debt ≤ 1 year
€23k▲
2024 · €19k
Income taxes
€18k▼
2024 · €22k
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€366k€398k▲
Formation expenses20-€0
Fixed assets21/28€60k€49k▼
Tangible fixed assets22/27€60k€49k▼
Furniture and vehicles24€8k€3k▼
Other tangible fixed assets26€53k€46k▼
Current assets29/58€306k€349k▲
Amounts receivable within one year40/41€165k€154k▼
Trade receivables40€19k€15k▼
Other amounts receivable41€146k€140k▼
Cash at bank and in hand54/58€141k€175k▲
Deferred charges and accrued income490/1€254€20k▲
Equity and liabilities
Total equity and liabilities10/49€366k€398k▲
Equity10/15€347k€375k▲
Contributions10/11€2k€2k=
Reserves13€346k€373k▲
Distributable reserves133€346k€373k▲
Amounts payable17/49€19k€23k▲
Amounts payable within one year42/48€19k€23k▲
Trade debts44€6k€3k▼
Suppliers440/4€6k€3k▼
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€611€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€876€985▲
Gross operating margin9900€74k€63k▼
Operating profit (loss)9901€62k€51k▼
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€147€133▼
Recurring financial charges65€147€133▼
Profit (loss) for the period before taxes9903€70k€58k▼
Income taxes67/77€22k€18k▼
Profit (loss) for the period9904€48k€40k▼
Profit (loss) for the period to be appropriated9905€48k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€40k▼
Transfer from equity791/2-€13k
Transfer to equity691/2€48k€40k▼
To other reserves6921€48k€40k▼
Profit to be distributed694/7-€13k
Return on contributions (dividend)694-€13k
The notes to these accounts (6 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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 16.27
Current ratio from 4.90 to 16.27; short-term debt falls from €61k to €19k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €223k ▲84.9%
3 profitable years in a row build equity to €223k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €106k ▲735%
Operating result €152k, net result €106k, both a record.
31-12
Financial
Liquidity times 6current ratio 9.84
Current ratio from 1.68 to 9.84; short-term debt falls from €18k to €13k.
31-12
Financial
Equity above €100kEq €120k ▲747%
2 profitable years in a row build equity to €120k.
30-06
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, Ieper · 1 establishment unit since 2020
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.
Poperingseweg 422B8908 IeperGround area
6,385 m²
Building footprint
222 m²
Volume, LiDAR
1,302 m³
Parcel 33026A0447/00L000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
N4&VLAM
since 20202.298.264.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33026A0447/00L000 | Flanders | 6,385 m² | 1 · 222 m² | 9.6 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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Of 24,726 companies in sector 64210 we hold annual accounts for 19,747. 13,758 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2020
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.