PHILIPPE KAISER
ActiveSummary
PHILIPPE KAISER has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.50M and a net result of €390k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+34
Solvency57▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.54 in 2024; short-term debt: 63.8% and cash: 0.1% of total assets), and 67.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
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
32.1%
Return on assets
5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
28 d late
2023
30 d late
2022
29 d late
2021
26 d late
2020
131 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€390k▲ 315%
2024 · €94k
2018: €90klowest in 8 years
2019: €153k▲ +68.8% vs 2018
2020: €346k▲ +127% vs 2019
2021: €700k▲ +102% vs 2020highest in 8 years
2022: €496k▼ -29.1% vs 2021
2023: €432k▼ -12.9% vs 2022
2024: €94k▼ -78.2% vs 2023
2025: €390k▲ +315% vs 2024
2018 → 2025
Working capital
€1.76M▼ 12.7%
2024 · €2.02M
2018: €20klowest in 8 years
2019: €92k▲ +371% vs 2018
2020: €394k▲ +327% vs 2019
2021: €967k▲ +146% vs 2020
2022: €1.85M▲ +91.6% vs 2021
2023: €2.19M▲ +18.2% vs 2022highest in 8 years
2024: €2.02M▼ -7.8% vs 2023
2025: €1.76M▼ -12.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.78M-€2.28M▲ 27.8%€2.71M▲ 19.0%€2.61M▼ 3.9%€2.50M▼ 4.2%
2021: €1.78Mlowest in 5 years
2022: €2.28M▲ +27.8% vs 2021
2023: €2.71M▲ +19.0% vs 2022highest in 5 years
2024: €2.61M▼ -3.9% vs 2023
2025: €2.50M▼ -4.2% vs 2024
Operating result€958k-€691k▼ 27.9%€753k▲ 9.0%€323k▼ 57.1%€657k▲ 103%
2021: €958khighest in 5 years
2022: €691k▼ -27.9% vs 2021
2023: €753k▲ +9.0% vs 2022
2024: €323k▼ -57.1% vs 2023lowest in 5 years
2025: €657k▲ +103% vs 2024
Net result€700k-€496k▼ 29.1%€432k▼ 12.9%€94k▼ 78.2%€390k▲ 315%
2021: €700khighest in 5 years
2022: €496k▼ -29.1% vs 2021
2023: €432k▼ -12.9% vs 2022
2024: €94k▼ -78.2% vs 2023lowest in 5 years
2025: €390k▲ +315% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 103% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.77M
Fixed assets
€1.05M ▼ 4.0%
Current assets
€6.72M ▲ 16.1%
Equity and liabilities €7.77M
Equity
€2.50M ▼ 4.2%
Debt
€5.27M ▲ 23.3%
Debt's share of the balance-sheet total rises from 62.1% to 67.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€828k▲
2024 · €483k
Cash flow
€561k▲
2024 · €254k
Current ratio
1.36▼
2024 · 1.54
Quick ratio
0.04▼
2024 · 0.08
Debt to equity
2.11▲
2024 · 1.64
ROE
15.6%▲
2024 · 3.6%
ROA
5.0%▲
2024 · 1.4%
Interest coverage
6.06▲
2024 · 2.52
Debt ≤ 1 year
€4.95M▲
2024 · €3.77M
Debt > 1 year
€308k▼
2024 · €502k
Income taxes
€133k▲
2024 · €40k
Staff costs
€856k▼
2024 · €899k
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 · 62 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.88M€7.77M▲
Fixed assets21/28€1.09M€1.05M▼
Tangible fixed assets22/27€1.09M€1.05M▼
Land and buildings22€1.03M€919k▼
Plant, machinery and equipment23€27k€15k▼
Furniture and vehicles24€37k€115k▲
Current assets29/58€5.79M€6.72M▲
Stocks and contracts in progress3€5.49M€6.51M▲
Stocks30/36€5.49M€6.51M▲
Amounts receivable within one year40/41€238k€140k▼
Trade receivables40€166k€68k▼
Other amounts receivable41€72k€72k▲
Cash at bank and in hand54/58€35k€11k▼
Deferred charges and accrued income490/1€28k€58k▲
Equity and liabilities
Total equity and liabilities10/49€6.88M€7.77M▲
Equity10/15€2.61M€2.50M▼
Contributions10/11€20k€20k=
Reserves13€2.49M€2.08M▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132-€93k
Distributable reserves133€2.49M€1.99M▼
Profit (loss) carried forward14€94k€392k▲
Amounts payable17/49€4.27M€5.27M▲
Amounts payable after more than one year17€502k€308k▼
Financial debts170/4€502k€308k▼
Amounts payable within one year42/48€3.77M€4.95M▲
Current portion of amounts payable after more than one year42€220k€379k▲
Financial debts43€1.58M€1.55M▼
Credit institutions430/8€1.58M€1.55M▼
Trade debts44€1.62M€2.15M▲
Suppliers440/4€1.62M€2.15M▲
Advances received on contracts in progress46-€32k
Taxes, remuneration and social security45€270k€245k▼
Taxes450/3€270k€130k▼
Remuneration and social security454/9-€115k
Other amounts payable47/48€80k€599k▲
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€899k€856k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€171k▲
Other operating charges640/8€38k€33k▼
Non-recurring operating charges66A-€120
Gross operating margin9900€1.42M€1.72M▲
Operating profit (loss)9901€323k€657k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€2k€3k▲
Non-recurring financial income76B€659-
Financial charges65/66B€191k€137k▼
Recurring financial charges65€191k€137k▼
Profit (loss) for the period before taxes9903€135k€524k▲
Income taxes67/77€40k€133k▲
Profit (loss) for the period9904€94k€390k▲
Transfer to tax-exempt reserves689-€93k
Profit (loss) for the period to be appropriated9905€94k€298k▲
Appropriation of the result
Profit (loss) to be appropriated9906€526k€392k▼
Profit (loss) brought forward from the previous period14P€432k€94k▼
Transfer from equity791/2€200k€500k▲
Transfer to equity691/2€432k-
To other reserves6921€432k-
Profit to be distributed694/7€200k€500k▲
Return on contributions (dividend)694€200k€500k▲
Social balance
Average headcount (FTE)908718.016.1▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €489k | €638k | €797k | €899k | €856k | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91k | €106k | €157k | €160k | €171k | ▲ 6.5% |
| Other operating charges640/8 | €33k | €37k | €37k | €38k | €33k | ▼ 12.8% |
| Non-recurring operating charges66A | - | - | - | - | €120 | - |
| Gross operating margin9900 | €1.57M | €1.47M | €1.74M | €1.42M | €1.72M | ▲ 21.0% |
| Operating profit (loss)9901 | €958k | €691k | €753k | €323k | €657k | ▲ 103% |
| Financial income75/76B | €35k | €34k | €17k | €3k | €3k | ▼ 4.0% |
| Recurring financial income75 | €32k | €16k | €6k | €2k | €3k | ▲ 21.4% |
| Non-recurring financial income76B | €3k | €18k | €12k | €659 | - | - |
| Financial charges65/66B | €55k | €89k | €190k | €191k | €137k | ▼ 28.7% |
| Recurring financial charges65 | €55k | €89k | €189k | €191k | €137k | ▼ 28.7% |
| Non-recurring financial charges66B | - | €970 | €396 | - | - | - |
| Profit (loss) for the period before taxes9903 | €938k | €636k | €581k | €135k | €524k | ▲ 289% |
| Income taxes67/77 | €238k | €140k | €149k | €40k | €133k | ▲ 229% |
| Profit (loss) for the period9904 | €700k | €496k | €432k | €94k | €390k | ▲ 315% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €93k | - |
| Profit (loss) for the period to be appropriated9905 | €700k | €496k | €432k | €94k | €298k | ▲ 216% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.92M | €7.99M | €8.19M | €6.88M | €7.77M | ▲ 12.9% |
| Fixed assets21/28 | €1.07M | €1.34M | €1.23M | €1.09M | €1.05M | ▼ 4.0% |
| Intangible fixed assets21 | €3k | €2k | €756 | - | - | - |
| Tangible fixed assets22/27 | €1.07M | €1.33M | €1.23M | €1.09M | €1.05M | ▼ 4.0% |
| Land and buildings22 | €1.03M | €1.22M | €1.14M | €1.03M | €919k | ▼ 10.8% |
| Plant, machinery and equipment23 | €21k | €51k | €40k | €27k | €15k | ▼ 42.4% |
| Furniture and vehicles24 | €16k | €63k | €52k | €37k | €115k | ▲ 215% |
| Current assets29/58 | €4.85M | €6.66M | €6.95M | €5.79M | €6.72M | ▲ 16.1% |
| Stocks and contracts in progress3 | €4.62M | €6.50M | €6.78M | €5.49M | €6.51M | ▲ 18.6% |
| Stocks30/36 | €4.62M | €6.50M | €6.78M | €5.49M | €6.51M | ▲ 18.6% |
| Amounts receivable within one year40/41 | €196k | €146k | €59k | €238k | €140k | ▼ 41.1% |
| Trade receivables40 | €170k | €99k | €34k | €166k | €68k | ▼ 59.1% |
| Other amounts receivable41 | €26k | €47k | €25k | €72k | €72k | ▲ 0.3% |
| Cash at bank and in hand54/58 | €28k | €8k | €29k | €35k | €11k | ▼ 67.3% |
| Deferred charges and accrued income490/1 | - | €6k | €90k | €28k | €58k | ▲ 107% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.92M | €7.99M | €8.19M | €6.88M | €7.77M | ▲ 12.9% |
| Equity10/15 | €1.78M | €2.28M | €2.71M | €2.61M | €2.50M | ▼ 4.2% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €1.06M | €1.76M | €2.26M | €2.49M | €2.08M | ▼ 16.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | - | - | €93k | - |
| Distributable reserves133 | €1.06M | €1.76M | €2.26M | €2.49M | €1.99M | ▼ 20.1% |
| Profit (loss) carried forward14 | €700k | €496k | €432k | €94k | €392k | ▲ 316% |
| Amounts payable17/49 | €4.13M | €5.71M | €5.47M | €4.27M | €5.27M | ▲ 23.3% |
| Amounts payable after more than one year17 | €254k | €907k | €707k | €502k | €308k | ▼ 38.6% |
| Financial debts170/4 | €254k | - | €707k | €502k | €308k | ▼ 38.6% |
| Advances received on contracts in progress176 | - | €907k | - | - | - | - |
| Amounts payable within one year42/48 | €3.88M | €4.80M | €4.76M | €3.77M | €4.95M | ▲ 31.5% |
| Current portion of amounts payable after more than one year42 | €53k | €188k | €330k | €220k | €379k | ▲ 71.9% |
| Financial debts43 | €1.77M | €1.64M | €1.57M | €1.58M | €1.55M | ▼ 2.0% |
| Credit institutions430/8 | €1.77M | €1.64M | €1.57M | €1.58M | €1.55M | ▼ 2.0% |
| Trade debts44 | €1.29M | €2.53M | €2.45M | €1.62M | €2.15M | ▲ 32.9% |
| Suppliers440/4 | €1.29M | €2.53M | €2.45M | €1.62M | €2.15M | ▲ 32.9% |
| Advances received on contracts in progress46 | - | - | - | - | €32k | - |
| Taxes, remuneration and social security45 | €106k | €123k | €219k | €270k | €245k | ▼ 9.3% |
| Taxes450/3 | €26k | €123k | €219k | €270k | €130k | ▼ 51.9% |
| Remuneration and social security454/9 | €80k | - | - | - | €115k | - |
| Other amounts payable47/48 | €666k | €325k | €198k | €80k | €599k | ▲ 651% |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €5k | €8k | ▲ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €700k | €496k | €432k | €94k | €390k | ▲ 315% |
| + Depreciation and write-downs630 | €91k | €106k | €157k | €160k | €171k | ▲ 6.5% |
| Operating cash flow (approximation) | €791k | €602k | €589k | €254k | €561k | ▲ 121% |
| Investment in fixed assets (approximation) | - | €-371k | €-52k | €-22k | €-127k | ▼ 467% |
| Change in cash | - | €-20k | €20k | €6k | €-23k | ▼ 493% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €2MEq €2.28M ▲27.8%
5 profitable years in a row build equity to €2.28M.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Highest result since 2018net €700k ▲102%
Operating result €958k, net result €700k, both a record.
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 131 days late
2020
31-12
Financial
Equity above €1MEq €1.08M ▲43.5%
3 profitable years in a row build equity to €1.08M.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Gouvy · 1 establishment unit since 2001
Ground area
3,435 m²
Building footprint
1,315 m²
Parcel 82015B0415/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MOTOKAISER
since 20012.096.891.659
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82015B0415/00F000 | Wallonia | 3,435 m² | 1 · 1,315 m² | - |
Linked by address, not proof of ownership
Good to know
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 1,127 companies in sector 47830 we hold annual accounts for 467. 178 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47830Retail sale of motorcycles and motorcycle parts and accessories
Scores and ratios are computed by Checked and are not a credit decision.