ORBIS
ActiveORBIS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.75M and a net result of €1.02M. Equity is growing by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 90% of 4822 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
96
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-3
Solvency100=
Growth44▲+4
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5M at 30 days acceptable
Liquidity ample (current ratio 7.0 against 6.69 in 2024), and 14% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
86%
Return on assets
5.6%
Age of the figures
8 mo
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
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 →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
45 d early
2023
29 d early
2022
16 d late
2021
25 d late
2020
23 d late
2019
1 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€22.51M▲ 27.0%
2024 · €17.72M
2018: €25.56M
2019: €16.23M
2020: €15.92M
2021: €24.10M
2022: €27.84M
2023: €24.57M
2024: €17.72M
2018 → 2025
EBIT margin
4.9%▼ 1.9pp
2024 · 6.7%
2018: 8.0%
2019: -12.6%
2020: -7.2%
2021: 15.8%
2022: 9.2%
2023: 7.6%
2024: 6.7%
2018 → 2025
Net result
€1.02M▲ 17.1%
2024 · €874k
2018: €1.25M
2019: €-2.44M
2020: €-987k
2021: €3.59M
2022: €2.12M
2023: €1.44M
2024: €874k
2018 → 2025
Working capital
€15.31M▼ 10.0%
2024 · €17.01M
2018: €11.28M
2019: €11.94M
2020: €8.45M
2021: €10.82M
2022: €15.68M
2023: €18.04M
2024: €17.01M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24.10M-€27.84M▲ 15.5%€24.57M▼ 11.7%€17.72M▼ 27.9%€22.51M▲ 27.0%
Equity€10.28M-€12.40M▲ 20.6%€13.85M▲ 11.6%€14.72M▲ 6.3%€15.75M▲ 7.0%
Operating result€3.81M-€2.56M▼ 32.9%€1.87M▼ 26.8%€1.20M▼ 36.1%€1.09M▼ 8.5%
Net result€3.59M-€2.12M▼ 40.9%€1.44M▼ 31.9%€874k▼ 39.5%€1.02M▲ 17.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 8% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.32M
Fixed assets
€455k▲ 13.9%
Current assets
€17.86M▼ 10.7%
Equity and liabilities €18.32M
Equity
€15.75M▲ 7.0%
Debt
€2.57M▼ 54.7%
The debt ratio falls from 27.8% to 14.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.22M▼
2024 · €1.33M
Cash flow
€1.15M▲
2024 · €1.01M
Solvency
86.0%▲
2024 · 72.2%
Current ratio
7.00▲
2024 · 6.69
Quick ratio
6.40▲
2024 · 6.10
Debt / equity
0.16▼
2024 · 0.39
ROE
6.5%▲
2024 · 5.9%
ROA
5.6%▲
2024 · 4.3%
Interest coverage
19.40▲
2024 · 7.54
Debt
€2.57M▼
2024 · €5.67M
Debt ≤ 1 year
€2.55M▼
2024 · €2.99M
Debt > 1 year
€0▼
2024 · €2.66M
Income taxes
€396k▲
2024 · €236k
Staff costs
€757k▲
2024 · €751k
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€20.40M€18.32M▼
Fixed assets21/28€400k€455k▲
Tangible fixed assets22/27€383k€439k▲
Plant, machinery and equipment23€117k€432k▲
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€5k€4k▼
Assets under construction and advance payments27€256k€0▼
Financial fixed assets28€16k€16k=
Other financial fixed assets284/8€16k€16k=
Amounts receivable and cash guarantees285/8€16k€16k=
Current assets29/58€20.00M€17.86M▼
Amounts receivable after more than one year29€3.90M€3.90M=
Other amounts receivable291€3.90M€3.90M=
Stocks and contracts in progress3€1.78M€1.53M▼
Stocks30/36€1.78M€1.53M▼
Raw materials and consumables30/31€252k€220k▼
Finished goods33€604k€298k▼
Goods purchased for resale34€920k€1.01M▲
Amounts receivable within one year40/41€5.63M€8.07M▲
Trade receivables40€4.82M€7.60M▲
Other amounts receivable41€812k€471k▼
Cash at bank and in hand54/58€8.68M€4.35M▼
Deferred charges and accrued income490/1€16k€6k▼
Equity and liabilities
Total equity and liabilities10/49€20.40M€18.32M▼
Equity10/15€14.72M€15.75M▲
Contributions10/11€258k€258k=
Capital10€258k€258k=
Issued capital100€258k€258k=
Reserves13€1.18M€1.18M=
Non-distributable reserves130/1€26k€26k=
Legal reserve130€26k€26k=
Tax-exempt reserves132€1.15M€1.15M=
Profit (loss) carried forward14€13.29M€14.31M▲
Amounts payable17/49€5.67M€2.57M▼
Amounts payable after more than one year17€2.66M€0▼
Financial debts170/4€2.66M€0▼
Other loans174€2.66M€0▼
Amounts payable within one year42/48€2.99M€2.55M▼
Trade debts44€2.68M€2.45M▼
Suppliers440/4€2.68M€2.45M▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€304k€98k▼
Taxes450/3€186k€0▼
Remuneration and social security454/9€118k€98k▼
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€24k€17k▼
Income statement
Code20242025
Operating income70/76A€17.71M€22.20M▲
Turnover70€17.72M€22.51M▲
Change in stocks of work in progress, finished goods and contracts in progress71€-11k€-306k▼
Other operating income74€9k€547▼
Non-recurring operating income76A-€3k
Operating charges60/66A€16.52M€21.11M▲
Goods for resale, raw materials and consumables60€13.70M€17.67M▲
Purchases600/8€12.97M€17.88M▲
Change in stocks: decrease (increase)609€724k€-212k▼
Services and other goods61€2.11M€2.39M▲
Remuneration, social security and pensions62€751k€757k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€124k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-185k€152k▲
Other operating charges640/8€16k€17k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.20M€1.09M▼
Financial income75/76B€360k€504k▲
Recurring financial income75€360k€504k▲
Income from current assets751€360k€194k▼
Other financial income752/9€0€310k▲
Financial charges65/66B€445k€178k▼
Recurring financial charges65€445k€178k▼
Debt charges650€176k€63k▼
Other financial charges652/9€269k€115k▼
Profit (loss) for the period before taxes9903€1.11M€1.42M▲
Income taxes67/77€236k€396k▲
Taxes670/3€236k€397k▲
Tax adjustments and reversals of tax provisions77€0€705▲
Profit (loss) for the period9904€874k€1.02M▲
Profit (loss) for the period to be appropriated9905€874k€1.02M▲
Appropriation of the result
Profit (loss) to be appropriated9906€13.29M€14.31M▲
Profit (loss) brought forward from the previous period14P€12.42M€13.29M▲
Social balance
Average headcount (FTE)90876.06.0=
The notes to these accounts (60 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
11-09
State Gazette act
General meeting · Auditor reappointmentGeneral meeting · Auditor reappointment2 facts ▸
State Gazette act
General meeting · Auditor reappointment
General meeting · Auditor reappointment2 facts ▸
- General meeting, 2026-06-12
- Auditor reappointment, 3 boekjaren, 2025-06-13
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 16 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
31-12
Financial
Back to profitnet €3.59M
Net result €3.59M after 2 loss-making years.
31-12
Financial
Equity above €10MEq €10.28M ▲53.6%
Equity rises from €6.70M to €10.28M.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 23 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-2.44M ▼295%
Net result drops to €-2.44M, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-01-2026
Mark P. Fogarty: Resigned as Director
31-03-2023
William F. Ash: Resigned as Director
01-07-2016
Kevin Head: Resigned as Director
01-07-2016
Thomas Bender: Resigned as Director
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 1996
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.
Oostkaai 848900 IeperGround area
6,523 m²
Building footprint
2,542 m²
Volume, LiDAR
5,551 m³
Parcel 33003B0834/00E000, Flanders · tallest building 8.6 m. Linked by address, not a title deed.
1 establishment unit
Orbis
since 19962.079.645.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33003B0834/00E000 | Flanders | 6,523 m² | 1 · 2,542 m² | 8.6 m |
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.
Statutory auditor
1 auditor| VRC BEDRIJFSREVISORENCurrent Auditor | 13-06-2025 → present |
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Of 1,556 companies in sector 46900 we hold annual accounts for 913. 200 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-11-1996
Fiscal year end31-12
Activities, NACEBEL
46900Non-specialised wholesale trade
51900
17210Manufacture of paper and paper products
20160Manufacture of chemicals and chemical products
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.