KESTELYN-DEVOS
ActiveKESTELYN-DEVOS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €331k and a net result of €-107k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 26.74 against 96.22 in 2024), and 3.3% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€107k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
31 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€331k▼ 24.4%
2024 · €438k
2018: €494k
2019: €537k
2020: €600k
2021: €614k
2022: €580k
2023: €569k
2024: €438k
2018 → 2025
Total assets
€342k▼ 22.6%
2024 · €442k
2018: €605k
2019: €887k
2020: €790k
2021: €646k
2022: €583k
2023: €571k
2024: €442k
2018 → 2025
Net result
€-107k▲ 18.3%
2024 · €-131k
2018: €10k
2019: €44k
2020: €63k
2021: €13k
2022: €-34k
2023: €-11k
2024: €-131k
2018 → 2025
Working capital
€288k▼ 22.3%
2024 · €371k
2018: €383k
2019: €568k
2020: €531k
2021: €485k
2022: €475k
2023: €487k
2024: €371k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€614k-€580k▼ 5.5%€569k▼ 1.8%€438k▼ 23.0%€331k▼ 24.4%
Operating result€15k-€-53k€-14k▲ 73.3%€-135k▼ 859%€-110k▲ 18.0%
Net result€13k-€-34k€-11k▲ 68.6%€-131k▼ 1,123%€-107k▲ 18.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €110k in 2025 against €135k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342k
Fixed assets
€43k▼ 36.0%
Current assets
€299k▼ 20.1%
Equity and liabilities €342k
Equity
€331k▼ 24.4%
Debt
€11k▲ 184%
The debt ratio rises from 0.9% to 3.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-106k▲
2024 · €-131k
Cash flow
€-103k▲
2024 · €-127k
Solvency
96.7%▼
2024 · 99.1%
Current ratio
26.74▼
2024 · 96.22
Quick ratio
25.84▼
2024 · 93.63
Debt / equity
0.03▲
2024 · 0.01
ROE
-32.3%▼
2024 · -29.9%
ROA
-31.2%▼
2024 · -29.6%
Interest coverage
-404.34▼
2024 · -347.27
Debt
€11k▲
2024 · €4k
Debt ≤ 1 year
€11k▲
2024 · €4k
Income taxes
€-15▼
2024 · €638
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€442k€342k▼
Fixed assets21/28€67k€43k▼
Tangible fixed assets22/27€9k€5k▼
Furniture and vehicles24€8k€4k▼
Other tangible fixed assets26€1k€247▼
Financial fixed assets28€59k€39k▼
Current assets29/58€375k€299k▼
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€51k€29k▼
Trade receivables40€10k€8k▼
Other amounts receivable41€41k€21k▼
Cash at bank and in hand54/58€311k€257k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€442k€342k▼
Equity10/15€438k€331k▼
Contributions10/11€28k€28k=
Reserves13€149k€149k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€130k€130k=
Profit (loss) carried forward14€262k€155k▼
Amounts payable17/49€4k€11k▲
Amounts payable within one year42/48€4k€11k▲
Trade debts44€210€3k▲
Suppliers440/4€210€3k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€4k=
Remuneration and social security454/9-€4k
Other amounts payable47/48-€602
Accrued charges and deferred income492/3€45-
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€364-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€-128k€-105k▲
Operating profit (loss)9901€-135k€-110k▲
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€377€262▼
Recurring financial charges65€377€262▼
Profit (loss) for the period before taxes9903€-130k€-107k▲
Income taxes67/77€638€-15▼
Profit (loss) for the period9904€-131k€-107k▲
Profit (loss) for the period to be appropriated9905€-131k€-107k▲
Appropriation of the result
Profit (loss) to be appropriated9906€262k€155k▼
Profit (loss) brought forward from the previous period14P€393k€262k▼
Social balance
Average headcount (FTE)90870.0-
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-131k
Net result drops to €-131k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity times 9current ratio 145.71
Current ratio from 16.27 to 145.71; short-term debt falls from €32k to €3k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 16.27
Current ratio from 4.27 to 16.27; short-term debt falls from €162k to €32k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €63k ▲44.9%
Operating result €75k, net result €63k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Equity above €500kEq €537k ▲8.8%
2 profitable years in a row build equity to €537k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Oudenaarde · 1 establishment unit since 2000
Ground area
2,925 m²
Building footprint
284 m²
Volume, LiDAR
916 m³
Parcel 45023A1484/00E002, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Berchemweg 41, 9700 Oudenaarde
since 20002.097.371.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45023A1484/00E002 | Flanders | 2,925 m² | 1 · 283 m² | 5.7 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.
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,863. 10,594 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2000
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.