KAUL & ASSOCIATES
ActiveSummary
KAUL & ASSOCIATES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €41k. Equity is shrinking by ~47.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 11% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▲+41
Solvency28▲+23
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
63 d early
2023
71 d early
2022
15 d early
2021
3 d early
2020
2 d early
2019
16 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k
2024 · €-35k
2019: €42k
2020: €28k
2021: €33k
2022: €-988
2023: €-10k
2024: €-35k
2019 → 2025
Total assets
€220k▲ 22.8%
2024 · €179k
2019: €376k
2020: €337k
2021: €293k
2022: €257k
2023: €231k
2024: €179k
2019 → 2025
Net result
€41k
2024 · €-25k
2019: €-4k
2020: €-15k
2021: €5k
2022: €-34k
2023: €-9k
2024: €-25k
2019 → 2025
Working capital
€-95k▲ 45.6%
2024 · €-174k
2019: €-166k
2020: €-190k
2021: €-192k
2022: €-211k
2023: €-184k
2024: €-174k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€-988€-10k▼ 890%€-35k▼ 260%€6k
Operating result€10k-€-30k€-7k▲ 76.6%€-25k▼ 254%€42k
Net result€5k-€-34k€-9k▲ 73.8%€-25k▼ 189%€41k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €42k after a loss of €25k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €220k
Fixed assets
€101k ▼ 27.6%
Current assets
€119k ▲ 199%
Equity and liabilities €220k
Equity
€6k
Debt
€214k
Debt finances 97.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€80k▲
2024 · €13k
Cash flow
€79k▲
2024 · €12k
Current ratio
0.56▲
2024 · 0.19
Quick ratio
0.46▲
2024 · 0.09
Debt to equity
37.04▲
2024 · -6.08
ROE
709.4%
ROA
18.7%▲
2024 · -14.2%
Interest coverage
245.17▲
2024 · 50.73
Debt ≤ 1 year
€214k▼
2024 · €214k
Income taxes
€215▲
2024 · €164
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€179k€220k▲
Fixed assets21/28€139k€101k▼
Tangible fixed assets22/27€138k€99k▼
Land and buildings22€134k€97k▼
Plant, machinery and equipment23€3k€2k▼
Financial fixed assets28€2k€2k▼
Current assets29/58€40k€119k▲
Stocks and contracts in progress3€20k€20k=
Stocks30/36€20k€20k=
Amounts receivable within one year40/41€18k€14k▼
Trade receivables40€17k€8k▼
Other amounts receivable41€736€6k▲
Cash at bank and in hand54/58€1k€83k▲
Deferred charges and accrued income490/1€704€2k▲
Equity and liabilities
Total equity and liabilities10/49€179k€220k▲
Equity10/15€-35k€6k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-43k€-2k▲
Amounts payable17/49€214k€214k▼
Amounts payable within one year42/48€214k€214k▼
Trade debts44€3k€33k▲
Suppliers440/4€3k€33k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€1k€15▼
Taxes450/3€1k€15▼
Other amounts payable47/48€210k€176k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€38k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€16k€84k▲
Operating profit (loss)9901€-25k€42k▲
Financial income75/76B€86€0▼
Recurring financial income75€86€0▼
Financial charges65/66B€250€326▲
Recurring financial charges65€250€326▲
Profit (loss) for the period before taxes9903€-25k€41k▲
Income taxes67/77€164€215▲
Profit (loss) for the period9904€-25k€41k▲
Profit (loss) for the period to be appropriated9905€-25k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€-2k▲
Profit (loss) brought forward from the previous period14P€-18k€-43k▼
The notes to these accounts (8 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
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €41k
Net result €41k after 3 loss-making years.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-34k ▼764%
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Watermaal-Bosvoorde · 1 establishment unit since 2001
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.
Léopold Wienerlaan 791170 Watermaal-BosvoordeGround area
454 m²
Building footprint
84 m²
Volume, LiDAR
735 m³
Parcel 21017D0368/00V009, Brussels · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Trade-up Consulting
since 20012.098.292.221
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0368/00V009 | Brussels | 453 m² | 1 · 84 m² | 13.2 m · 3 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 82,562 companies in sector 70200 we hold annual accounts for 52,574. 16,962 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 (pre-2019)
Founded21-03-2001
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
47791Retail sale of antiques
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.