Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
CROSSWORDS from Ternat, company number BE0480229281, closed financial year 2025 with a result of € 9,985 after tax. For that financial year CROSSWORDS recorded a gross margin of € 63,757 and equity of € -37,843. Compared with financial year 2024, the result moved from € -8,448 to € 9,985. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 15, 2026.
€ -37,843
▲ € 9,985 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,985
▲ still € 8,448 loss in 2024
Profit after tax over the fiscal year.
€ 26,999
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -44,043.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 35,668
▼ 25% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 31,428
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 48,149
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 7,737
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 60,067 | € 35,822 | € 56,680 | € 63,757 | ▲ 12% |
| Profit after taxes | € 756 | € -12,429 | € -8,448 | € 9,985 | ▲ € 18,432 |
| Equity | € -26,952 | € -39,381 | € -47,828 | € -37,843 | ▲ € 9,985 |
| Total debts | € 202,230 | € 200,635 | € 194,337 | € 181,863 | ▼ 6% |
| Cash | € 26,843 | € 27,378 | € 26,099 | € 26,999 | ▲ 3% |
| Land & buildings | € 314 | - | - | - | |
| Retained profit | € -33,152 | € -45,581 | € -54,028 | € -44,043 | ▲ € 9,985 |
| Bank debt | € 64,625 | € 56,726 | € 52,883 | € 48,149 | ▼ 9% |
| Balance sheet total | € 175,278 | € 161,255 | € 146,509 | € 144,019 | ▼ 2% |
Key figures of CROSSWORDS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CROSSWORDS?
What happened at CROSSWORDS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,985. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Ternat. KBO
In short
From € 756 profit in 2022 to € 9,985 profit in 2025.
Paid € 462 in corporate taxes since 2022.
Best year ever: 2025, with € 9,985 profit.
Management
Behind CROSSWORDS is Tom Taelemans.
Directors
According to the 2025 annual accounts
Tom Taelemans
Director
Establishments
Establishment units
Physical locations of this company
Langestraat 140
1741 Ternat
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.229.281
- VAT number
- BE 0480.229.281
- Registered office
- Langestraat 140, 1741 Ternat
- Names & denominations
- CROSSWORDS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 May 2003
- Peppol
- Active · Active since 12 Aug 2026
- Activities · NACE
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