BEN KAISER
ActiveThe annual accounts of BEN KAISER for fiscal year 2024 show a net loss of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €121k and a net result of €-217k. Equity is growing by ~7.6% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
38
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-82
Solvency43▼-24
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k 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 0.68 against 1.44 in 2023; short-term debt: 50.1% and cash: 0.2% of total assets), and 82% 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 →
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 2024Solvency, return and age of the figures
Solvency
18%
Return on assets
-32.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
20 d late
2022
20 d early
2021
8 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-217k
2023 · €82k
2018: €16k
2019: €-165k
2020: €36k
2021: €10k
2022: €186k
2023: €82k
2018 → 2024
Working capital
€-108k
2023 · €89k
2018: €8k
2019: €-129k
2020: €-37k
2021: €-95k
2022: €-64k
2023: €89k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€96k-€103k▲ 6.7%€287k▲ 180%€338k▲ 17.6%€121k▼ 64.2%
Operating result€59k-€34k▼ 42.9%€214k▲ 535%€117k▼ 45.5%€-191k
Net result€36k-€10k▼ 73.2%€186k▲ 1,836%€82k▼ 55.7%€-217k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €191k after €117k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €670k
Fixed assets
€442k▼ 13.2%
Current assets
€227k▼ 21.7%
Equity and liabilities €670k
Equity
€121k▼ 64.2%
Debt
€549k▲ 18.7%
The debt ratio rises from 57.8% to 82.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-109k▼
2023 · €198k
Cash flow
€-135k▼
2023 · €164k
Solvency
18.0%▼
2023 · 42.2%
Current ratio
0.68▼
2023 · 1.44
Quick ratio
0.39▼
2023 · 0.82
Debt / equity
4.54▲
2023 · 1.37
ROE
-179.3%▼
2023 · 24.4%
ROA
-32.3%▼
2023 · 10.3%
Interest coverage
-4.91▼
2023 · 10.10
Debt
€549k▲
2023 · €462k
Debt ≤ 1 year
€336k▲
2023 · €202k
Debt > 1 year
€206k▼
2023 · €255k
Income taxes
€4k▼
2023 · €28k
Staff costs
€45k▲
2023 · €30k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€800k€670k▼
Fixed assets21/28€510k€442k▼
Tangible fixed assets22/27€508k€440k▼
Land and buildings22€365k€324k▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€7k€20k▲
Leasing and similar rights25€128k€93k▼
Other tangible fixed assets26€6k-
Financial fixed assets28€1k€3k▲
Current assets29/58€290k€227k▼
Stocks and contracts in progress3€125k€97k▼
Stocks30/36€125k€97k▼
Amounts receivable within one year40/41€162k€127k▼
Trade receivables40€160k€119k▼
Other amounts receivable41€2k€9k▲
Cash at bank and in hand54/58€839€1k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€800k€670k▼
Equity10/15€338k€121k▼
Contributions10/11€63k€63k=
Revaluation surpluses12€15k€11k▼
Reserves13€259k€127k▼
Distributable reserves133€259k€127k▼
Profit (loss) carried forward14€241€-79k▼
Amounts payable17/49€462k€549k▲
Amounts payable after more than one year17€255k€206k▼
Financial debts170/4€255k€206k▼
Amounts payable within one year42/48€202k€336k▲
Current portion of amounts payable after more than one year42€73k€60k▼
Financial debts43€30k€28k▼
Credit institutions430/8€5k€3k▼
Other loans439€25k€25k=
Trade debts44€10k€169k▲
Suppliers440/4€10k€169k▲
Advances received on contracts in progress46€19k-
Taxes, remuneration and social security45€67k€78k▲
Taxes450/3€61k€72k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€4k€252▼
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20232024
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€30k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€82k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-378
Other operating charges640/8€10k€8k▼
Non-recurring operating charges66A-€37k
Gross operating margin9900€237k€-18k▼
Operating profit (loss)9901€117k€-191k▼
Financial income75/76B€13k-
Recurring financial income75€13k-
Financial charges65/66B€20k€22k▲
Recurring financial charges65€20k€22k▲
Profit (loss) for the period before taxes9903€110k€-213k▼
Income taxes67/77€28k€4k▼
Profit (loss) for the period9904€82k€-217k▼
Profit (loss) for the period to be appropriated9905€82k€-217k▼
Appropriation of the result
Profit (loss) to be appropriated9906€77k€-216k▼
Profit (loss) brought forward from the previous period14P€-5k€241▲
Transfer from equity791/2-€137k
Transfer to equity691/2€77k-
To other reserves6921€77k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-217k ▼363%
Net result drops to €-217k, the lowest in the series.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 20 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Highest result since 2018net €186k ▲1836%
Operating result €214k, net result €186k, both a record.
31-12
Financial
Equity above €200kEq €287k ▲180%
3 profitable years in a row build equity to €287k.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 8 days late
2021
31-12
Financial
Equity above €100kEq €103k ▲6.7%
2 profitable years in a row build equity to €103k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 43 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Eupen · 1 establishment unit since 2010
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.
Raerenpfad 234701 Eupen1 establishment unit
BEN KAISER
since 20102.193.680.437
Similar companies · same sector, comparable size
TL EXPLOITATION
BE 0893.701.184
Vaux-sur-Sûre · Eq €121k
ACOBA CONSTRUCTIONS
BE 0453.964.156
Saint-Ghislain · Eq €121k
ERDO GUL CONSTRUCT
BE 0509.987.990
Ottignies-Louvain-la-Neuve · Eq €121k
VERTICAL SOLUTION
BE 0733.829.546
Beersel · Eq €121k
TOITURES MDS ALAIN
BE 0738.504.451
Sint-Pieters-Leeuw · Eq €121k
Of 29,808 companies in sector 41001 we hold annual accounts for 16,033. 12,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-2010
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43230Insulation installation
43291Specialised construction activities
43910Bricklaying and masonry work
43994Specialised construction activities
46630Wholesale trade
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filings
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.