CKAL
ActiveSummary
CKAL has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €33k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 14.21 against 36.94 in 2024; short-term debt: 6.8% and cash: 82.7% of total assets), and 6.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
93.2%
Return on assets
38.4%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
32 d early
2024
41 d early
2023
30 d late
2022
31 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, micro schema
Equity
€80k▼ 2.1%
2024 · €81k
2022: €28klowest in 4 years
2023: €58k▲ +111% vs 2022
2024: €81k▲ +39.9% vs 2023highest in 4 years
2025: €80k▼ -2.1% vs 2024
2022 → 2025
Total assets
€85k▲ 2.2%
2024 · €84k
2022: €49klowest in 4 years
2023: €67k▲ +36.5% vs 2022
2024: €84k▲ +24.6% vs 2023
2025: €85k▲ +2.2% vs 2024highest in 4 years
2022 → 2025
Net result
€33k▲ 41.5%
2024 · €23k
2022: €24k
2023: €31k▲ +30.2% vs 2022
2024: €23k▼ -24.2% vs 2023lowest in 4 years
2025: €33k▲ +41.5% vs 2024highest in 4 years
2022 → 2025
Working capital
€77k▼ 5.4%
2024 · €81k
2022: €27klowest in 4 years
2023: €58k▲ +115% vs 2022
2024: €81k▲ +39.9% vs 2023highest in 4 years
2025: €77k▼ -5.4% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€28k-€58k▲ 111%€81k▲ 39.9%€80k▼ 2.1%
2022: €28klowest in 4 years
2023: €58k▲ +111% vs 2022
2024: €81k▲ +39.9% vs 2023highest in 4 years
2025: €80k▼ -2.1% vs 2024
Operating result€30k-€39k▲ 30.2%€30k▼ 22.5%€42k▲ 39.2%
2022: €30klowest in 4 years
2023: €39k▲ +30.2% vs 2022
2024: €30k▼ -22.5% vs 2023
2025: €42k▲ +39.2% vs 2024highest in 4 years
Net result€24k-€31k▲ 30.2%€23k▼ 24.2%€33k▲ 41.5%
2022: €24k
2023: €31k▲ +30.2% vs 2022
2024: €23k▼ -24.2% vs 2023lowest in 4 years
2025: €33k▲ +41.5% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€3k
Current assets
€83k
Equity and liabilities €85k
Equity
€80k ▼ 2.1%
Debt
€6k ▲ 158%
Debt's share of the balance-sheet total rises from 2.7% to 6.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43k
Cash flow
€34k
Current ratio
14.21▼
2024 · 36.94
Debt to equity
0.07▲
2024 · 0.03
ROE
41.2%▲
2024 · 28.5%
ROA
38.4%▲
2024 · 27.8%
Interest coverage
416.34
Debt ≤ 1 year
€6k▲
2024 · €2k
Income taxes
€9k▲
2024 · €7k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€85k▲
Fixed assets21/28-€3k
Tangible fixed assets22/27-€3k
Furniture and vehicles24-€3k
Current assets29/58€84k€83k▼
Amounts receivable within one year40/41€3k€12k▲
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€80k€71k▼
Deferred charges and accrued income490/1-€58
Equity and liabilities
Total equity and liabilities10/49€84k€85k▲
Equity10/15€81k€80k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€77k€76k▼
Amounts payable17/49€2k€6k▲
Amounts payable within one year42/48€2k€6k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45-€5k
Taxes450/3-€5k
Other amounts payable47/48€589€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Other operating charges640/8€398€760▲
Gross operating margin9900€31k€44k▲
Operating profit (loss)9901€30k€42k▲
Financial charges65/66B€104€104=
Recurring financial charges65€104€104=
Profit (loss) for the period before taxes9903€30k€42k▲
Income taxes67/77€7k€9k▲
Profit (loss) for the period9904€23k€33k▲
Profit (loss) for the period to be appropriated9905€23k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€110k▲
Profit (loss) brought forward from the previous period14P€54k€77k▲
Profit to be distributed694/7-€35k
Return on contributions (dividend)694-€35k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €385 | €462 | - | €1k | - |
| Other operating charges640/8 | €960 | €406 | €398 | €760 | ▲ 90.8% |
| Gross operating margin9900 | €31k | €40k | €31k | €44k | ▲ 44.5% |
| Operating profit (loss)9901 | €30k | €39k | €30k | €42k | ▲ 39.2% |
| Financial income75/76B | - | €1 | - | - | - |
| Recurring financial income75 | - | €1 | - | - | - |
| Financial charges65/66B | €0 | €61 | €104 | €104 | = |
| Recurring financial charges65 | €0 | €61 | €104 | €104 | = |
| Profit (loss) for the period before taxes9903 | €30k | €39k | €30k | €42k | ▲ 39.4% |
| Income taxes67/77 | €6k | €8k | €7k | €9k | ▲ 32.2% |
| Profit (loss) for the period9904 | €24k | €31k | €23k | €33k | ▲ 41.5% |
| Profit (loss) for the period to be appropriated9905 | €24k | €31k | €23k | €33k | ▲ 41.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €49k | €67k | €84k | €85k | ▲ 2.2% |
| Fixed assets21/28 | €462 | - | - | €3k | - |
| Intangible fixed assets21 | €462 | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | €3k | - |
| Furniture and vehicles24 | - | - | - | €3k | - |
| Current assets29/58 | €49k | €67k | €84k | €83k | ▼ 1.0% |
| Amounts receivable within one year40/41 | €22k | - | €3k | €12k | ▲ 289% |
| Trade receivables40 | €22k | - | - | - | - |
| Other amounts receivable41 | - | - | €3k | €12k | ▲ 289% |
| Cash at bank and in hand54/58 | €26k | €67k | €80k | €71k | ▼ 12.2% |
| Deferred charges and accrued income490/1 | €235 | €148 | - | €58 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €49k | €67k | €84k | €85k | ▲ 2.2% |
| Equity10/15 | €28k | €58k | €81k | €80k | ▼ 2.1% |
| Contributions10/11 | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €24k | €54k | €77k | €76k | ▼ 2.2% |
| Amounts payable17/49 | €22k | €9k | €2k | €6k | ▲ 158% |
| Amounts payable within one year42/48 | €22k | €9k | €2k | €6k | ▲ 158% |
| Trade debts44 | €203 | €42 | €2k | €1k | ▼ 20.8% |
| Suppliers440/4 | €203 | €42 | €2k | €1k | ▼ 20.8% |
| Taxes, remuneration and social security45 | €12k | €8k | - | €5k | - |
| Taxes450/3 | €12k | €8k | - | €5k | - |
| Other amounts payable47/48 | €10k | €625 | €589 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €31k | €23k | €33k | ▲ 41.5% |
| + Depreciation and write-downs630 | €385 | €462 | - | €1k | - |
| Operating cash flow (approximation) | €24k | €31k | €23k | €34k | ▲ 47.6% |
| Change in cash | - | €41k | €14k | €-10k | ▼ 172% |
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
15-09
State Gazette act
General meeting · Registered-office move2 facts ▸
State Gazette act
General meeting · Registered-office move
2 facts ▸
- General meeting, 17-08-2026
- Registered-office move, rue de la Fonderie 6/7 à 1400 Nivelles
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €33k ▲41.5%
Operating result €42k, net result €33k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €23k ▼24.2%
Net result drops to €23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 36.94
Current ratio from 7.49 to 36.94; short-term debt falls from €9k to €2k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 7.49
Current ratio from 2.25 to 7.49; short-term debt falls from €22k to €9k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 2022
Ground area
3,897 m²
Building footprint
927 m²
Volume, LiDAR
19,411 m³
2 parcels, Wallonia · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
CKAL
since 20222.330.782.811
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0414/00S000 | Wallonia | 2,681 m² | 1 · 768 m² | 27.1 m · 8 fl. |
| 52031B0090/00A003 | Wallonia | 1,216 m² | 1 · 160 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,696 companies in sector 86951 we hold annual accounts for 2,142. 1,910 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
Founded29-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
85510Sports and recreation education
Scores and ratios are computed by Checked and are not a credit decision.