WORKING TOOL
ActiveSummary
WORKING TOOL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €275k and a net result of €5k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 10.55 against 16.02 in 2024; short-term debt: 9% and cash: 68.1% of total assets), and 9.6% 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 82
Relative position
BE, all sectors
reference
Sector 82
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
90.4%
Return on assets
1.7%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
16 d early
2023
30 d early
2022
30 d early
2021
26 d early
2020
25 d late
2019
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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€275k▲ 1.6%
2024 · €271k
2018: €104k
2019: €97k
2020: €135k
2021: €175k
2022: €242k
2023: €266k
2024: €271k
2018 → 2025
Total assets
€305k▲ 5.1%
2024 · €290k
2018: €125k
2019: €112k
2020: €186k
2021: €250k
2022: €271k
2023: €285k
2024: €290k
2018 → 2025
Net result
€5k▼ 0.9%
2024 · €5k
2018: €-3k
2019: €-7k
2020: €39k
2021: €77k
2022: €68k
2023: €25k
2024: €5k
2018 → 2025
Working capital
€262k▲ 4.7%
2024 · €250k
2018: €103k
2019: €94k
2020: €121k
2021: €161k
2022: €208k
2023: €231k
2024: €250k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€242k▲ 38.5%€266k▲ 9.9%€271k▲ 1.7%€275k▲ 1.6%
Operating result€108k-€93k▼ 13.3%€35k▼ 63.1%€10k▼ 70.8%€10k▲ 1.3%
Net result€77k-€68k▼ 12.0%€25k▼ 63.4%€5k▼ 78.7%€5k▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305k
Fixed assets
€15k ▼ 34.2%
Current assets
€290k ▲ 8.4%
Equity and liabilities €305k
Equity
€275k ▲ 1.6%
Debt
€29k ▲ 55.3%
Debt's share of the balance-sheet total rises from 6.5% to 9.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €24k
Cash flow
€14k▼
2024 · €19k
Current ratio
10.55▼
2024 · 16.02
Quick ratio
10.49▼
2024 · 15.80
Debt to equity
0.11▲
2024 · 0.07
ROE
1.9%▼
2024 · 2.0%
ROA
1.7%▼
2024 · 1.8%
Interest coverage
4.77▼
2024 · 5.63
Debt ≤ 1 year
€27k▲
2024 · €17k
Income taxes
€3k▲
2024 · €3k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€290k€305k▲
Fixed assets21/28€23k€15k▼
Tangible fixed assets22/27€22k€14k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€13k€6k▼
Other tangible fixed assets26€4k€4k▼
Financial fixed assets28€930€930=
Current assets29/58€267k€290k▲
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€31k€13k▼
Trade receivables40€16k€7k▼
Other amounts receivable41€15k€6k▼
Current investments50/53€53k€63k▲
Cash at bank and in hand54/58€171k€207k▲
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€290k€305k▲
Equity10/15€271k€275k▲
Contributions10/11€19k€19k=
Reserves13€217k€221k▲
Distributable reserves133€217k€221k▲
Profit (loss) carried forward14€36k€36k▲
Amounts payable17/49€19k€29k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€17k€27k▲
Current portion of amounts payable after more than one year42€2k€0▼
Financial debts43€0-
Other loans439€0-
Trade debts44€242€10k▲
Suppliers440/4€242€10k▲
Advances received on contracts in progress46€4k€9k▲
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Other amounts payable47/48€1k€3k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€105€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€9k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-333€-564▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€25k€20k▼
Operating profit (loss)9901€10k€10k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€8k€8k▲
Income taxes67/77€3k€3k▲
Profit (loss) for the period9904€5k€5k▼
Profit (loss) for the period to be appropriated9905€5k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€41k▼
Profit (loss) brought forward from the previous period14P€37k€36k▼
Transfer to equity691/2€5k€4k▼
To other reserves6921€5k€4k▼
Profit to be distributed694/7€859€859=
Return on contributions (dividend)694€859€859=
The notes to these accounts (15 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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 10.90
Current ratio from 3.53 to 10.90; short-term debt falls from €64k to €21k.
31-12
Financial
Equity above €200kEq €242k ▲38.5%
3 profitable years in a row build equity to €242k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €77k ▲98.3%
Operating result €108k, net result €77k, both a record.
31-12
Financial
Equity above €150kEq €175k ▲29.3%
2 profitable years in a row build equity to €175k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €135k ▲39.4%
Equity rises from €97k to €135k.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sint-Martens-Latem · 1 establishment unit since 2003
Ground area
957 m²
Building footprint
143 m²
Volume, LiDAR
786 m³
Parcel 44015A0349/00K000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WORKING TOOL
since 20032.132.973.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0349/00K000 | Flanders | 957 m² | 1 · 143 m² | 9.1 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.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,624 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
Founded13-08-2003
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.