CLOET KURT
ActiveCLOET KURT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273k and a net result of €-7k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 4564 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-2
Solvency58▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 1.91 in 2024; short-term debt: 17.7% and cash: 20.1% of total assets), but 67.4% of the assets are financed with debt.
Credit advice 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 49
Relative position
BE, all sectors
reference
Sector 49
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
30 d early
2023
9 d early
2022
29 d late
2021
30 d late
2020
25 d late
2019
33 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€273k▼ 2.6%
2024 · €280k
2018: €126k
2019: €136k
2020: €190k
2021: €213k
2022: €244k
2023: €283k
2024: €280k
2018 → 2025
Total assets
€836k▲ 25.0%
2024 · €669k
2018: €316k
2019: €619k
2020: €710k
2021: €777k
2022: €703k
2023: €736k
2024: €669k
2018 → 2025
Net result
€-7k
2024 · €6k
2018: €-2k
2019: €10k
2020: €54k
2021: €51k
2022: €49k
2023: €40k
2024: €6k
2018 → 2025
Working capital
€196k▲ 23.8%
2024 · €158k
2018: €124k
2019: €76k
2020: €94k
2021: €86k
2022: €113k
2023: €124k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€213k-€244k▲ 14.5%€283k▲ 16.3%€280k▼ 1.3%€273k▼ 2.6%
Operating result€73k-€82k▲ 12.3%€64k▼ 22.0%€28k▼ 55.4%€5k▼ 82.6%
Net result€51k-€49k▼ 3.7%€40k▼ 19.0%€6k▼ 85.0%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €836k
Fixed assets
€493k▲ 46.1%
Current assets
€343k▲ 3.6%
Equity and liabilities €836k
Equity
€273k▼ 2.6%
Debt
€564k▲ 44.9%
The debt ratio rises from 58.2% to 67.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €163k
Cash flow
€113k▼
2024 · €141k
Solvency
32.6%▼
2024 · 41.8%
Current ratio
2.33▲
2024 · 1.91
Quick ratio
2.33▲
2024 · 1.91
Debt / equity
2.07▲
2024 · 1.39
ROE
-2.6%▼
2024 · 2.1%
ROA
-0.9%▼
2024 · 0.9%
Interest coverage
8.61▲
2024 · 7.80
Debt
€564k▲
2024 · €389k
Debt ≤ 1 year
€148k▼
2024 · €173k
Debt > 1 year
€406k▲
2024 · €209k
Income taxes
€0▼
2024 · €3k
Staff costs
€136k▲
2024 · €130k
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€669k€836k▲
Fixed assets21/28€337k€493k▲
Tangible fixed assets22/27€337k€493k▲
Land and buildings22€119k€109k▼
Plant, machinery and equipment23€2k€510▼
Furniture and vehicles24€169k€383k▲
Leasing and similar rights25€48k€0▼
Current assets29/58€332k€343k▲
Amounts receivable after more than one year29€63k€63k=
Other amounts receivable291€63k€63k=
Amounts receivable within one year40/41€94k€24k▼
Trade receivables40€77k€4k▼
Other amounts receivable41€17k€19k▲
Cash at bank and in hand54/58€153k€168k▲
Deferred charges and accrued income490/1€22k€89k▲
Equity and liabilities
Total equity and liabilities10/49€669k€836k▲
Equity10/15€280k€273k▼
Contributions10/11€19k€19k=
Reserves13€227k€227k=
Tax-exempt reserves132€18k€18k=
Distributable reserves133€209k€209k=
Profit (loss) carried forward14€35k€27k▼
Amounts payable17/49€389k€564k▲
Amounts payable after more than one year17€209k€406k▲
Financial debts170/4€209k€406k▲
Amounts payable within one year42/48€173k€148k▼
Current portion of amounts payable after more than one year42€77k€110k▲
Financial debts43€7k€0▼
Credit institutions430/8€7k€0▼
Trade debts44€41k€9k▼
Suppliers440/4€41k€9k▼
Taxes, remuneration and social security45€39k€29k▼
Taxes450/3€24k€16k▼
Remuneration and social security454/9€15k€13k▼
Other amounts payable47/48€10k€0▼
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€130k€136k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€135k€121k▼
Other operating charges640/8€5k€22k▲
Gross operating margin9900€298k€284k▼
Operating profit (loss)9901€28k€5k▼
Financial income75/76B€2k€2k▲
Recurring financial income75€2k€2k▲
Financial charges65/66B€21k€15k▼
Recurring financial charges65€21k€15k▼
Profit (loss) for the period before taxes9903€9k€-7k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€6k€-7k▼
Profit (loss) for the period to be appropriated9905€6k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€27k▼
Profit (loss) brought forward from the previous period14P€35k€35k=
Transfer from equity791/2€10k€0▼
Transfer to equity691/2€6k€0▼
To other reserves6921€6k€0▼
Profit to be distributed694/7€10k€0▼
Return on contributions (dividend)694€10k€0▼
The notes to these accounts (17 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-7k ▼221%
Net result drops to €-7k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €200kEq €213k ▲12.1%
3 profitable years in a row build equity to €213k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Highest result since 2018net €54k ▲472%
Net result €54k, the highest in the series.
31-12
Financial
Equity above €150kEq €190k ▲40%
2 profitable years in a row build equity to €190k.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
08-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 39 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Vleteren · 1 establishment unit since 2004
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.
Oostvleterenstraat(Woes) 208640 VleterenGround area
3,017 m²
Building footprint
186 m²
Volume, LiDAR
994 m³
Parcel 33033A0491/00T000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cloet Kurt
since 20042.142.376.345
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33033A0491/00T000 | Flanders | 3,017 m² | 1 · 186 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 105 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteVleteren2.142.376.345
Similar companies · same sector, comparable size
TRAVO
BE 0716.627.783
Vilvoorde · Eq €273k
MICHEL-VALVERDE
BE 0472.650.811
Tournai · Eq €272k
Veribo
BE 0794.249.361
Maldegem · Eq €273k
Transports DENIS-BUXANT
BE 0401.386.394
Arlon · Eq €273k
PENXTEN - MOMMEN
BE 0415.192.959
Gingelom · Eq €272k
Of 12,607 companies in sector 49410 we hold annual accounts for 8,196. 5,946 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-2004
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.