Karel Degrande
ActiveThe computed 12-month bankruptcy probability of Karel Degrande is 1.8% (moderate). The 2025 annual accounts show equity of €56k and a net result of €34k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 14% of 27451 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
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+21
Solvency35▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.18 in 2024; short-term debt: 12.2% and cash: 2.7% of total assets), and 90.4% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
9.6%
Return on assets
5.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 14%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
30 d early
2023
84 d early
2022
55 d early
2021
33 d early
2020
155 d early
2019
153 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€56k▲ 53.2%
2024 · €37k
2019: €13k
2020: €20k
2021: €51k
2022: €27k
2023: €31k
2024: €37k
2019 → 2025
Total assets
€583k▲ 3.5%
2024 · €563k
2019: €100k
2020: €158k
2021: €137k
2022: €559k
2023: €568k
2024: €563k
2019 → 2025
Net result
€34k▲ 556%
2024 · €5k
2019: €14k
2020: €31k
2021: €55k
2022: €-25k
2023: €5k
2024: €5k
2019 → 2025
Working capital
€25k▲ 143%
2024 · €10k
2019: €-9k
2020: €-5k
2021: €33k
2022: €-466
2023: €-11k
2024: €10k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€27k▼ 47.8%€31k▲ 17.4%€37k▲ 16.7%€56k▲ 53.2%
Operating result€66k-€-18k€12k€14k▲ 14.7%€44k▲ 223%
Net result€55k-€-25k€5k€5k▲ 13.0%€34k▲ 556%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 223% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €583k
Fixed assets
€486k▼ 1.5%
Current assets
€97k▲ 39.0%
Equity and liabilities €583k
Equity
€56k▲ 53.2%
Debt
€527k=
The debt ratio falls from 93.5% to 90.4%. Equity is higher.
Key figures and ratios
EBITDA
€68k▲
2024 · €34k
Cash flow
€58k▲
2024 · €26k
Solvency
9.6%▲
2024 · 6.5%
Current ratio
1.36▲
2024 · 1.18
Quick ratio
1.09▲
2024 · 1.05
Debt / equity
9.37▼
2024 · 14.35
ROE
61.4%▲
2024 · 14.3%
ROA
5.9%▲
2024 · 0.9%
Interest coverage
7.16▲
2024 · 4.20
Debt
€527k=
2024 · €526k
Debt ≤ 1 year
€71k▲
2024 · €59k
Debt > 1 year
€455k▼
2024 · €467k
Income taxes
€278▲
2024 · €202
Staff costs
€36k▲
2024 · €12k
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€563k€583k▲
Fixed assets21/28€494k€486k▼
Tangible fixed assets22/27€493k€485k▼
Land and buildings22€455k€441k▼
Plant, machinery and equipment23€8k€9k▲
Furniture and vehicles24€30k€24k▼
Assets under construction and advance payments27-€11k
Financial fixed assets28€1k€1k=
Current assets29/58€70k€97k▲
Stocks and contracts in progress3€7k€19k▲
Stocks30/36€7k€9k▲
Contracts in progress37-€10k
Amounts receivable within one year40/41€56k€59k▲
Trade receivables40€48k€56k▲
Other amounts receivable41€8k€3k▼
Cash at bank and in hand54/58€2k€16k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€563k€583k▲
Equity10/15€37k€56k▲
Contributions10/11€12k€12k=
Reserves13€24k€44k▲
Non-distributable reserves130/1€699€699=
Reserves not available under the articles1311€699€699=
Distributable reserves133€24k€43k▲
Amounts payable17/49€526k€527k=
Amounts payable after more than one year17€467k€455k▼
Financial debts170/4€417k€393k▼
Other amounts payable178/9€50k€63k▲
Amounts payable within one year42/48€59k€71k▲
Current portion of amounts payable after more than one year42€26k€26k▲
Trade debts44€16k€4k▼
Suppliers440/4€16k€4k▼
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€2k€4k▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€11k€32k▲
Income statement
Code20242025
Remuneration, social security and pensions62€12k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€463
Gross operating margin9900€49k€108k▲
Operating profit (loss)9901€14k€44k▲
Financial income75/76B€22€152▲
Recurring financial income75€22€152▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€5k€35k▲
Income taxes67/77€202€278▲
Profit (loss) for the period9904€5k€34k▲
Profit (loss) for the period to be appropriated9905€5k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€34k▲
Transfer to equity691/2€5k€19k▲
To other reserves6921€5k€19k▲
Profit to be distributed694/7-€15k
Directors or managers695-€15k
The notes to these accounts (11 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-25k ▼145%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €55k ▲76.9%
Operating result €66k, net result €55k, both a record.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Alveringem · 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.
Burgdreef 38690 AlveringemGround area
9,786 m²
Building footprint
746 m²
Volume, LiDAR
3,319 m³
Parcel 38022A0857/00D000, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Karel Degrande
since 20182.283.630.319
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38022A0857/00D000 | Flanders | 9,786 m² | 1 · 746 m² | 8.7 m · 1 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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,653 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-11-2018
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.