DE KEGEL
ActiveDE KEGEL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €29k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+3
Solvency46▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.43 in 2024; short-term debt: 6.5% and cash: 8.8% of total assets), but 78.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
21.1%
Return on assets
5%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
28 d late
2023
7 d early
2022
57 d late
2021
2 d early
2020
61 d late
2019
24 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 31.2%
2024 · €93k
2018: €41k
2019: €42k
2020: €54k
2021: €55k
2022: €58k
2023: €80k
2024: €93k
2018 → 2025
Total assets
€579k▼ 1.5%
2024 · €588k
2018: €699k
2019: €660k
2020: €661k
2021: €643k
2022: €628k
2023: €607k
2024: €588k
2018 → 2025
Net result
€29k▲ 121%
2024 · €13k
2018: €-38
2019: €625
2020: €12k
2021: €749
2022: €3k
2023: €22k
2024: €13k
2018 → 2025
Working capital
€30k▲ 65.6%
2024 · €18k
2018: €-3k
2019: €-15k
2020: €-2k
2021: €15k
2022: €22k
2023: €17k
2024: €18k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€58k▲ 5.5%€80k▲ 37.8%€93k▲ 16.5%€122k▲ 31.2%
Operating result€18k-€15k▼ 16.5%€43k▲ 189%€29k▼ 32.4%€51k▲ 73.6%
Net result€749-€3k▲ 305%€22k▲ 623%€13k▼ 40.1%€29k▲ 121%
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 74% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €579k
Fixed assets
€512k▼ 3.1%
Current assets
€68k▲ 12.3%
Equity and liabilities €579k
Equity
€122k▲ 31.2%
Debt
€457k▼ 7.7%
The debt ratio falls from 84.2% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84k▲
2024 · €61k
Cash flow
€62k▲
2024 · €44k
Solvency
21.1%▲
2024 · 15.8%
Current ratio
1.80▲
2024 · 1.43
Quick ratio
1.80▲
2024 · 1.43
Debt / equity
3.75▼
2024 · 5.33
ROE
23.8%▲
2024 · 14.1%
ROA
5.0%▲
2024 · 2.2%
Interest coverage
10.01▲
2024 · 6.80
Debt
€457k▼
2024 · €495k
Debt ≤ 1 year
€38k▼
2024 · €42k
Debt > 1 year
€420k▼
2024 · €453k
Income taxes
€14k▲
2024 · €7k
Staff costs
€0▼
2024 · €6
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€588k€579k▼
Fixed assets21/28€528k€512k▼
Tangible fixed assets22/27€528k€512k▼
Land and buildings22€510k€487k▼
Plant, machinery and equipment23€13k€21k▲
Furniture and vehicles24€5k€3k▼
Current assets29/58€60k€68k▲
Amounts receivable within one year40/41€693€14k▲
Trade receivables40-€13k
Other amounts receivable41€693€730▲
Cash at bank and in hand54/58€57k€51k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€588k€579k▼
Equity10/15€93k€122k▲
Contributions10/11€19k€19k=
Reserves13€38k€67k▲
Distributable reserves133€38k€67k▲
Profit (loss) carried forward14€36k€36k=
Amounts payable17/49€495k€457k▼
Amounts payable after more than one year17€453k€420k▼
Financial debts170/4€279k€256k▼
Other amounts payable178/9€174k€164k▼
Amounts payable within one year42/48€42k€38k▼
Current portion of amounts payable after more than one year42€23k€24k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€17k€10k▼
Taxes450/3€15k€8k▼
Remuneration and social security454/9€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€6€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€33k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€63k€87k▲
Operating profit (loss)9901€29k€51k▲
Financial income75/76B€0€5▲
Recurring financial income75€0€5▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€20k€43k▲
Income taxes67/77€7k€14k▲
Profit (loss) for the period9904€13k€29k▲
Profit (loss) for the period to be appropriated9905€13k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€66k▲
Profit (loss) brought forward from the previous period14P€36k€36k=
Transfer to equity691/2€13k€29k▲
To other reserves6921€13k€29k▲
The notes to these accounts (13 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €29k ▲121%
Operating result €51k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €122k ▲31.2%
7 profitable years in a row build equity to €122k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Back to profitnet €625
Net result €625 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ninove · 1 establishment unit since 2003
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.
Walputstraat 129402 NinoveGround area
1,861 m²
Building footprint
153 m²
Volume, LiDAR
1,035 m³
Parcel 41038A0080/00N005, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Walputstraat 12, 9402 Ninove
since 20032.131.679.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41038A0080/00N005 | Flanders | 1,861 m² | 1 · 153 m² | 9.4 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.
Similar companies · same sector, comparable size
't VITAMIENTJE
BE 0425.531.179
Hasselt · Eq €122k
DELI MIKE
BE 0870.358.927
Wommelgem · Eq €122k
Meat & Events
BE 0792.643.814
Kortrijk · Eq €122k
OP DE BEECK
BE 0897.239.211
Mons · Eq €122k
't Fruithuis
BE 0881.712.776
Poperinge · Eq €122k
Of 3,829 companies in sector 47210 we hold annual accounts for 965. 766 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-07-2000
Fiscal year end31-12
Activities, NACEBEL
47210Retail sale of fruit and vegetables
25530Machining of metals
28520
47241Retail sale of bread and pastry (bakery outlets)
47620Retail trade
47621Retail sale of newspapers and periodicals
52240
52470
52740
92000Gambling and betting activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.