KESSELSE KMO
ActiveKESSELSE KMO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €673k and a net result of €-5k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+41
Solvency84▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.24 in 2024; short-term debt: 39.7% and cash: 4.8% of total assets), and 41% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
59%
Return on assets
-0.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
28 d late
2024
34 d early
2023
1 d early
2022
24 d late
2021
12 d late
2020
27 d late
2019
98 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€673k▼ 0.8%
2024 · €678k
2018: €688k
2019: €891k
2020: €898k
2021: €867k
2022: €819k
2023: €738k
2024: €678k
2018 → 2025
Total assets
€1.14M▼ 2.1%
2024 · €1.17M
2018: €1.69M
2019: €1.58M
2020: €1.36M
2021: €1.18M
2022: €1.12M
2023: €1.25M
2024: €1.17M
2018 → 2025
Net result
€-5k▲ 91.0%
2024 · €-60k
2018: €-23k
2019: €203k
2020: €7k
2021: €-31k
2022: €-48k
2023: €-80k
2024: €-60k
2018 → 2025
Working capital
€-333k▼ 2.7%
2024 · €-325k
2018: €-864k
2019: €-153k
2020: €-90k
2021: €-107k
2022: €-132k
2023: €-300k
2024: €-325k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€867k-€819k▼ 5.5%€738k▼ 9.8%€678k▼ 8.1%€673k▼ 0.8%
Operating result€-31k-€-48k▼ 53.8%€-74k▼ 54.9%€-55k▲ 26.0%€-2k▲ 96.4%
Net result€-31k-€-48k▼ 53.7%€-80k▼ 66.8%€-60k▲ 25.4%€-5k▲ 91.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €55k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.14M
Fixed assets
€1.02M▼ 3.6%
Current assets
€119k▲ 13.1%
Equity and liabilities €1.14M
Equity
€673k▼ 0.8%
Debt
€467k▼ 4.0%
The debt ratio falls from 41.8% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €9k
Cash flow
€35k▲
2024 · €4k
Solvency
59.0%▲
2024 · 58.2%
Current ratio
0.26▲
2024 · 0.24
Quick ratio
0.26▲
2024 · 0.24
Debt / equity
0.69▼
2024 · 0.72
ROE
-0.8%▲
2024 · -8.8%
ROA
-0.5%▲
2024 · -5.1%
Interest coverage
11.18▲
2024 · 1.75
Debt
€467k▼
2024 · €487k
Debt ≤ 1 year
€452k▲
2024 · €430k
Debt > 1 year
€11k▼
2024 · €53k
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€1.17M€1.14M▼
Fixed assets21/28€1.06M€1.02M▼
Tangible fixed assets22/27€1.06M€1.02M▼
Land and buildings22€1.04M€1.00M▼
Plant, machinery and equipment23€23k€19k▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€105k€119k▲
Amounts receivable within one year40/41€70k€64k▼
Trade receivables40€58k€56k▼
Other amounts receivable41€13k€8k▼
Cash at bank and in hand54/58€34k€55k▲
Deferred charges and accrued income490/1€208-
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.14M▼
Equity10/15€678k€673k▼
Contributions10/11€12k€12k=
Reserves13€40k€40k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€626k€621k▼
Amounts payable17/49€487k€467k▼
Amounts payable after more than one year17€53k€11k▼
Financial debts170/4€53k€11k▼
Amounts payable within one year42/48€430k€452k▲
Current portion of amounts payable after more than one year42€40k€42k▲
Trade debts44€314k€3k▼
Suppliers440/4€314k€3k▼
Other amounts payable47/48€75k€407k▲
Accrued charges and deferred income492/3€4k€4k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€40k▼
Other operating charges640/8€980€1k▲
Non-recurring operating charges66A€9k-
Gross operating margin9900€19k€39k▲
Operating profit (loss)9901€-55k€-2k▲
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-60k€-5k▲
Profit (loss) for the period9904€-60k€-5k▲
Profit (loss) for the period to be appropriated9905€-60k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€626k€621k▼
Profit (loss) brought forward from the previous period14P€686k€626k▼
The notes to these accounts (6 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €203k
Net result €203k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
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 2022
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.
29-12-2022
Resigned as Manager
Location & real-estate footprint
Registered office, Nijlen · 1 establishment unit since 2016
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.
Grobbendonkseweg 392560 NijlenGround area
2,554 m²
Building footprint
448 m²
Volume, LiDAR
2,620 m³
2 parcels, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Hulstestraat 57, 2560 Nijlen
since 20162.257.806.444
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026C0031/00Y000 | Flanders | 1,520 m² | 1 · 238 m² | 8.6 m · 2 fl. |
| 12026B0319/00S000 | Flanders | 1,034 m² | 1 · 210 m² | 15.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,325 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2016
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.