CAFASSO 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 €18.97M and a net result of €4.73M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 2389 sector peers (fiscal year 2025). The company has been active since 2018 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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 2389 sector peers (2025).
NBB · sector comparisonPosition among 2389 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-09-2025, 38 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
on the day
2022
7 d early
2021
26 d early
2020
12 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Equity
€18.97M▲ 1.3%
2024 · €18.73M
2019: €50k
2020: €157k
2021: €129k
2022: €102k
2023: €18.52M
2024: €18.73M
2019 → 2025
Net result
€4.73M▲ 13.3%
2024 · €4.17M
2019: €-33k
2020: €-24k
2021: €-27k
2022: €-27k
2023: €4.67M
2024: €4.17M
2019 → 2025
Total assets
€376.70M▼ 2.9%
2024 · €387.96M
2019: €84.66M
2020: €178.25M
2021: €292.88M
2022: €377.61M
2023: €403.57M
2024: €387.96M
2019 → 2025
Solvency
5.0%▲ 0.2pp
2024 · 4.8%
2019: 0.1%
2020: 0.1%
2021: 0.0%
2022: 0.0%
2023: 4.6%
2024: 4.8%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.41M-€1.93M▼ 20.2%€408.37M▲ 21,102%€16.62M▼ 95.9%€19.18M▲ 15.4%
Equity€129k-€102k▼ 20.6%€18.52M▲ 17,978%€18.73M▲ 1.1%€18.97M▲ 1.3%
Operating result€9.08M-€11.36M▲ 25.1%€5.51M▼ 51.5%€1.15M▼ 79.1%€2.00M▲ 73.4%
Net result€-27k-€-27k▲ 3.0%€4.67M€4.17M▼ 10.6%€4.73M▲ 13.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 73% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €376.70M
Equity
€18.97M▲ 1.3%
Debt
€357.74M▼ 3.1%
The debt ratio falls from 95.2% to 95.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
5.0%▲
2024 · 4.8%
ROE
24.9%▲
2024 · 22.3%
ROA
1.3%▲
2024 · 1.1%
Debt
€357.74M▼
2024 · €369.22M
Debt ≤ 1 year
€24.35M▼
2024 · €24.37M
Debt > 1 year
€330.52M▼
2024 · €342.20M
Income taxes
€1.61M▲
2024 · €1.41M
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€387.96M€376.70M▼
Formation expenses20€4k€3k▼
Current assets29/58€387.95M€376.70M▼
Amounts receivable after more than one year29€360.41M€349.90M▼
Trade receivables290€360.41M€349.90M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€22.26M€22.84M▲
Trade receivables40€22.06M€22.79M▲
Other amounts receivable41€201k€48k▼
Cash at bank and in hand54/58€4.83M€3.57M▼
Deferred charges and accrued income490/1€450k€394k▼
Equity and liabilities
Total equity and liabilities10/49€387.96M€376.70M▼
Equity10/15€18.73M€18.97M▲
Contributions10/11€18.30M€18.30M=
Capital10€18.28M€18.28M=
Issued capital100€18.28M€18.28M=
Outside capital11€11k€11k=
Share premium1100/10€11k€11k=
Reserves13€436k€673k▲
Non-distributable reserves130/1€436k€673k▲
Legal reserve130€436k€673k▲
Amounts payable17/49€369.22M€357.74M▼
Amounts payable after more than one year17€342.20M€330.52M▼
Financial debts170/4€342.20M€330.52M▼
Subordinated loans170€40.23M€40.23M=
Credit institutions173€301.97M€290.29M▼
Amounts payable within one year42/48€24.37M€24.35M▼
Current portion of amounts payable after more than one year42€11.30M€11.68M▲
Trade debts44€7.67M€7.35M▼
Suppliers440/4€7.67M€7.35M▼
Taxes, remuneration and social security45€1.42M€818k▼
Taxes450/3€1.42M€818k▼
Other amounts payable47/48€3.97M€4.50M▲
Accrued charges and deferred income492/3€2.66M€2.87M▲
Income statement
Code20242025
Operating income70/76A€16.90M€19.23M▲
Turnover70€16.62M€19.18M▲
Change in stocks of work in progress, finished goods and contracts in progress71€0-
Other operating income74€286k€48k▼
Non-recurring operating income76A€0-
Operating charges60/66A€15.75M€17.23M▲
Goods for resale, raw materials and consumables60€14.98M€16.59M▲
Purchases600/8€14.98M€16.59M▲
Services and other goods61€772k€640k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€2k€3k▲
Operating profit (loss)9901€1.15M€2.00M▲
Financial income75/76B€21.15M€20.29M▼
Recurring financial income75€21.15M€20.29M▼
Income from current assets751€21.15M€20.29M▼
Other financial income752/9€0€0▲
Financial charges65/66B€16.72M€15.95M▼
Recurring financial charges65€16.72M€15.95M▼
Debt charges650€16.64M€15.85M▼
Other financial charges652/9€81k€95k▲
Profit (loss) for the period before taxes9903€5.58M€6.34M▲
Income taxes67/77€1.41M€1.61M▲
Taxes670/3€1.41M€1.61M▲
Profit (loss) for the period9904€4.17M€4.73M▲
Profit (loss) for the period to be appropriated9905€4.17M€4.73M▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.17M€4.73M▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€209k€236k▲
To the legal reserve6920€209k€236k▲
Profit to be distributed694/7€3.97M€4.49M▲
Return on contributions (dividend)694€3.97M€4.49M▲
The notes to these accounts (42 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
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Highest result since 2019net €4.73M ▲13.3%
Net result €4.73M, the highest in the series.
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €4.67M
Net result €4.67M after 4 loss-making years.
31-03
Financial
Liquidity triplescurrent ratio 13.93
Current ratio from 5.52 to 13.93; short-term debt falls from €68.37M to €28.97M.
31-03
Financial
Equity above €10MEq €18.52M ▲17978%
Equity rises from €102k to €18.52M.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Liquidity triplescurrent ratio 26.08
Current ratio from 9.50 to 26.08; short-term debt falls from €8.91M to €6.84M.
31-03
Financial
Equity above €150kEq €157k ▲214%
Equity rises from €50k to €157k.
2019
16-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
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.
14-11-2025
Alex Kornman: Resigned as Director
14-11-2025
Jeroen Zanders: Resigned as Director
14-11-2025
Philip Vreeken: Resigned as Director
26-09-2025
Van Wassenhove Johan: Resigned as Director
21-02-2024
Andrew DUNNE: Resigned as Director
20-04-2023
Maria Milagros Lopez Simon: Resigned as Director
20-08-2022
Willem Stitselaar: Resigned as Director
07-03-2022
FCC Concesiones de Infraestructuras S.L: Resigned as Director
26-03-2020
Manuel Beldarrain Santos: Resigned as Director
26-03-2020
Mark Dening Bradshaw: Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
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.
Van Orleystraat 151000 BrusselGround area
389 m²
Building footprint
181 m²
Volume, LiDAR
2,836 m³
Parcel 21803C0393/00C000, Brussels · tallest building 18.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
CAFASSO
since 20182.276.434.107
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0393/00C000 | Brussels | 389 m² | 1 · 181 m² | 18.4 m · 6 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.
Statutory auditor
1 auditor| BV PwC Bedrijfsrevisoren Statutory auditor · represented by Mieke Van Leeuwe | - → 03-06-2024 |
Recognitions · licences · registrations
Legal Entity Identifier
894500WDESB71QLDGX12
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 4,375 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-05-2018
Fiscal year end31-03
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.