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ADREM KEUKENS

Active
Private limited companyfounded 1983active for 43 yearsLeopoldlaan 85, 9900 Eeklo, BelgiumKBO/BCE: BE 0423.743.609

From the official registers: KBO 43 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

ADREM KEUKENS has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €387,712, of which €870,124 non-recurring income. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 79% of 2,790 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

KBO
Status
Active since 12-02-1983 Normal situation
Activity
General construction of residential buildings NACE 41001and 1 other
Establishment units
4 establishment units
Financial year end
30 December
Peppol
Reachable since 02-01-2026

Board and ownership

Board
  • Steenbeke MichielDirector

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 30-12-2025
Gross margin
€2.6m
▼ 29.9%
Turnover
≈ €4.5m
estimated
Profit
€387,712
▼ 67.2%
Equity
€3.7m
▲ 11.7%
Total assets
€5.4m
▲ 11.9%
Staff
29.2 FTE
▼ 5.5%
Filed on 06-03-2026, 146 days before the deadlinePDF
Score breakdownraises riskSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 4.79, cash €1.4mSize: 29.2 FTE, total assets €5.4mFounded in 1983Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 82% of small companies in construction of buildings (NACE 41)
Financial strength · tick: 2024
Strong
Solvency 93=
equity 68.0% of total assets
Liquidity 77+6
short-term debt 18.8% · cash 26.0%
Profitability 78-21
return on assets 7.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (911 companies, NACE 41, small)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025lowest value 06-2025: < 0.1%● unchanged vs 05-2025lowest value 07-2025: < 0.1%● unchanged vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026lowest value 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €360,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.79 (3.39 in 2024), above the usual 1.5. Short-term debt is 18.8% and cash 26% of total assets. 32% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small). It does better than 87% of them on solvency, 93% on liquidity, 79% on profitability and 70% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.79, cash €1.4m
NBB · annual accounts
lowers risk · Size: 29.2 FTE, total assets €5.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 06-03-2026, 146 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
146 days early
2024
135 days early
2023
117 days early
2022
79 days early
2021
89 days early
2020
102 days early
2019
13 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 97 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today. The company usually files around 5 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today30-12-2026 year end30-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in construction of buildingssector median €19,390 · 2,784 companies €387,712 View
  • Result fell in 2025the 2024 profit included a one-off income of €685,580 ▼ 67.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €387,712, mostly one-off 8 years View
  • Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View

Comparable companies

These companies have the same main activity as ADREM KEUKENS: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €4.4m and €7.2m, founded between 1974 and 1989.

CompanyTotal assetsGross margin
ADREM KEUKENS Eeklo€5.4m€2.6m
Meersman Bouwbedrijf Dendermonde€5.8m€2.3m
Algemene Bouwonderneming Noël Boey Bredene€5.2m€2.4m
ALPAS Dendermonde€6.4m€1.8m
QUACKELS WONINGBOUW Kontich€4.4m€2.2m
WOESTENBORGHS - BOUWBEDRIJF Merksplas€7.2m€2.8m
GILLARD Visé€6.5m€2.9m
Full comparison

Documents

Annual accounts at the NBB

All 43 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ADREM KEUKENS

What is the company number of ADREM KEUKENS?
The company number of ADREM KEUKENS is 0423.743.609. The VAT number is the same number with BE in front: BE 0423.743.609.
Where is ADREM KEUKENS based?
The registered office is at Leopoldlaan 85, 9900 Eeklo.Company details
What does ADREM KEUKENS do?
According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of ADREM KEUKENS?
The legal form of ADREM KEUKENS is Private limited company (BV).
When was ADREM KEUKENS founded?
ADREM KEUKENS was founded on 12-02-1983.
Is ADREM KEUKENS still active?
Yes, ADREM KEUKENS is an active enterprise in the KBO register.
How many employees does ADREM KEUKENS have?
ADREM KEUKENS had an average of 29.2 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of ADREM KEUKENS?
The turnover in financial year 2025 is ≈ €4.5m. This figure is estimated from the gross margin of €2.6m and 1,586 comparable companies of the same size. It probably lies between €3.1m and €7.4m. It is a rough estimate.
Is ADREM KEUKENS profitable?
In financial year 2025, ADREM KEUKENS made a profit of €387,712.
Where can I find the annual accounts of ADREM KEUKENS?
ADREM KEUKENS filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of ADREM KEUKENS due?
ADREM KEUKENS must file the annual accounts for financial year 2026 by 30-07-2027.Timeline

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