KNEL
ActiveThe computed 12-month bankruptcy probability of KNEL is 2.8% (moderate). The annual accounts of KNEL for fiscal year 2025 show a net loss of 88% of total assets and of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €31k and a net result of €-215k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 35% of 13270 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-63
Solvency38▼-43
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.87 against 2.46 in 2024; short-term debt: 59.6% and cash: 12.8% of total assets), and 87.3% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.7%
Return on assets
-88.5%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
51 d early
2023
61 d early
2022
25 d early
2021
4 d early
2020
2 d early
2019
4 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 87.4%
2024 · €246k
2018: €173k
2019: €182k
2020: €211k
2021: €155k
2022: €104k
2023: €220k
2024: €246k
2018 → 2025
Total assets
€243k▼ 44.2%
2024 · €437k
2018: €381k
2019: €395k
2020: €365k
2021: €347k
2022: €327k
2023: €395k
2024: €437k
2018 → 2025
Net result
€-215k
2024 · €27k
2018: €-85k
2019: €9k
2020: €29k
2021: €-56k
2022: €-52k
2023: €116k
2024: €27k
2018 → 2025
Working capital
€-19k
2024 · €174k
2018: €60k
2019: €93k
2020: €153k
2021: €129k
2022: €69k
2023: €180k
2024: €174k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€155k-€104k▼ 33.2%€220k▲ 112%€246k▲ 12.2%€31k▼ 87.4%
Operating result€-49k-€-38k▲ 22.4%€131k€48k▼ 63.3%€-191k
Net result€-56k-€-52k▲ 8.0%€116k€27k▼ 76.9%€-215k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €191k after €48k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243k
Fixed assets
€117k▼ 17.8%
Current assets
€126k▼ 57.1%
Equity and liabilities €243k
Equity
€31k▼ 87.4%
Provisions
€157▼ 95.3%
Debt
€212k▲ 13.7%
The debt ratio rises from 42.8% to 87.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-149k▼
2024 · €85k
Cash flow
€-174k▼
2024 · €63k
Solvency
12.7%▼
2024 · 56.4%
Current ratio
0.87▼
2024 · 2.46
Quick ratio
0.53▼
2024 · 1.93
Debt / equity
6.87▲
2024 · 0.76
ROE
-696.8%▼
2024 · 10.9%
ROA
-88.5%▼
2024 · 6.1%
Interest coverage
-5.46▼
2024 · 4.35
Debt
€212k▲
2024 · €187k
Debt ≤ 1 year
€145k▲
2024 · €119k
Debt > 1 year
€67k=
2024 · €67k
Income taxes
€465▼
2024 · €6k
Staff costs
€454k▲
2024 · €327k
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€437k€243k▼
Fixed assets21/28€143k€117k▼
Intangible fixed assets21€7k€4k▼
Tangible fixed assets22/27€113k€92k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€73k€55k▼
Other tangible fixed assets26€32k€30k▼
Financial fixed assets28€22k€22k=
Current assets29/58€294k€126k▼
Stocks and contracts in progress3€64k€50k▼
Stocks30/36€64k€50k▼
Amounts receivable within one year40/41€60k€16k▼
Trade receivables40€43k€650▼
Other amounts receivable41€16k€15k▼
Current investments50/53€650€650=
Cash at bank and in hand54/58€159k€31k▼
Deferred charges and accrued income490/1€11k€29k▲
Equity and liabilities
Total equity and liabilities10/49€437k€243k▼
Equity10/15€246k€31k▼
Contributions10/11€12k€12k=
Reserves13€204k€192k▼
Tax-exempt reserves132€13k€629▼
Distributable reserves133€191k€191k=
Profit (loss) carried forward14€30k€-173k▼
Provisions and deferred taxes16€3k€157▼
Deferred taxes168€3k€157▼
Amounts payable17/49€187k€212k▲
Amounts payable after more than one year17€67k€67k=
Financial debts170/4€67k€67k=
Amounts payable within one year42/48€119k€145k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€50k€74k▲
Suppliers440/4€50k€74k▲
Taxes, remuneration and social security45€17k€21k▲
Taxes450/3€6k€5k▼
Remuneration and social security454/9€11k€16k▲
Other amounts payable47/48€51k€50k▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€327k€454k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€42k▲
Other operating charges640/8€17k€15k▼
Gross operating margin9900€429k€319k▼
Operating profit (loss)9901€48k€-191k▼
Financial income75/76B€402€143▼
Recurring financial income75€402€143▼
Financial charges65/66B€19k€27k▲
Recurring financial charges65€19k€27k▲
Profit (loss) for the period before taxes9903€29k€-218k▼
Transfer from deferred taxes780€4k€3k▼
Income taxes67/77€6k€465▼
Profit (loss) for the period9904€27k€-215k▼
Transfer from tax-exempt reserves789€15k€13k▼
Profit (loss) for the period to be appropriated9905€42k€-203k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€-173k▼
Profit (loss) brought forward from the previous period14P€29k€30k▲
Transfer to equity691/2€42k-
To other reserves6921€42k-
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-215k ▼904%
Net result drops to €-215k, the lowest in the series.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €116k
Net result €116k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €220k ▲112%
Equity rises from €104k to €220k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €211k ▲15.9%
2 profitable years in a row build equity to €211k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
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
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, Leuven · 4 establishment units since 1994
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.
Oude Markt 443000 LeuvenGround area
705 m²
Building footprint
523 m²
Volume, LiDAR
6,157 m³
4 parcels, Flanders · tallest building 16.7 m, ±5 floors. Linked by address, not a title deed.
4 establishment units
DE BLAUWE KATER
since 19942.067.782.157
DE WEERELT
since 20012.067.782.256
PAROCHIECENTRUM ONS HUIS
since 20022.147.731.042
METAFOOR
since 20072.161.700.626
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0210/00M000 | Flanders | 299 m² | 1 · 170 m² | 16.3 m · 4 fl. |
| 24504D0237/00C000 | Flanders | 163 m² | 1 · 146 m² | 16.1 m · 4 fl. |
| 24505F0553/02H000 | Flanders | 160 m² | 1 · 135 m² | 15.9 m · 5 fl. |
| 24504D0413/00H000 | Flanders | 82 m² | 1 · 71 m² | 16.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
3 sitesLeuven2.067.782.157
Leuven2.067.782.256
Leuven2.161.700.626
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Of 14,023 companies in sector 56301 we hold annual accounts for 4,893. 4,106 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-1994
Fiscal year end31-12
Activities, NACEBEL
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.