DE KASSEL
ActiveDE KASSEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €250k and a net result of €-135k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-71
Solvency49▼-12
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.88 in 2024; short-term debt: 45.1% and cash: 1.6% of total assets), and 75.6% 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
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
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 2025Solvency, return and age of the figures
Solvency
24.4%
Return on assets
-13.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
1 d early
2022
on the day
2021
3 d early
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€250k▼ 35.1%
2024 · €385k
2019: €19k
2020: €-66k
2021: €-67k
2022: €-48k
2023: €180k
2024: €385k
2019 → 2025
Total assets
€1.02M▼ 3.3%
2024 · €1.06M
2019: €770k
2020: €662k
2021: €729k
2022: €777k
2023: €759k
2024: €1.06M
2019 → 2025
Net result
€-135k
2024 · €205k
2019: €-32k
2020: €-85k
2021: €-790
2022: €19k
2023: €38k
2024: €205k
2019 → 2025
Working capital
€-28k▲ 53.1%
2024 · €-59k
2019: €-229k
2020: €-298k
2021: €-300k
2022: €-282k
2023: €-71k
2024: €-59k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-67k-€-48k▲ 28.5%€180k€385k▲ 114%€250k▼ 35.1%
Operating result€-481-€20k€38k▲ 89.6%€233k▲ 517%€-123k
Net result€-790-€19k€38k▲ 99.4%€205k▲ 438%€-135k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €123k after €233k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€590k▼ 6.6%
Current assets
€435k▲ 1.6%
Equity and liabilities €1.02M
Equity
€250k▼ 35.1%
Debt
€775k▲ 14.9%
The debt ratio rises from 63.6% to 75.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29k▼
2024 · €352k
Cash flow
€17k▼
2024 · €324k
Solvency
24.4%▼
2024 · 36.4%
Current ratio
0.94▲
2024 · 0.88
Quick ratio
0.94▲
2024 · 0.88
Debt / equity
3.10▲
2024 · 1.75
ROE
-54.1%▼
2024 · 53.2%
ROA
-13.2%▼
2024 · 19.4%
Interest coverage
2.36▼
2024 · 40.05
Debt
€775k▲
2024 · €674k
Debt ≤ 1 year
€462k▼
2024 · €487k
Debt > 1 year
€275k▲
2024 · €187k
Income taxes
€148▼
2024 · €19k
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€1.06M€1.02M▼
Fixed assets21/28€631k€590k▼
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€629k€588k▼
Land and buildings22-€21k
Plant, machinery and equipment23€297k€250k▼
Furniture and vehicles24€331k€316k▼
Current assets29/58€428k€435k▲
Amounts receivable within one year40/41€400k€331k▼
Trade receivables40€395k€325k▼
Other amounts receivable41€5k€6k▲
Cash at bank and in hand54/58€20k€16k▼
Deferred charges and accrued income490/1€8k€87k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.02M▼
Equity10/15€385k€250k▼
Contributions10/11€265k€265k=
Reserves13€120k€120k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€113k€113k=
Profit (loss) carried forward14€0€-135k▼
Amounts payable17/49€674k€775k▲
Amounts payable after more than one year17€187k€275k▲
Financial debts170/4€187k€275k▲
Amounts payable within one year42/48€487k€462k▼
Current portion of amounts payable after more than one year42€91k€97k▲
Trade debts44€212k€208k▼
Suppliers440/4€212k€208k▼
Taxes, remuneration and social security45€20k€942▼
Taxes450/3€19k€442▼
Remuneration and social security454/9€500€500=
Other amounts payable47/48€164k€156k▼
Accrued charges and deferred income492/3€410€37k▲
Income statement
Code20242025
Non-recurring operating income76A€87k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€152k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€214k
Other operating charges640/8€5k€3k▼
Gross operating margin9900€357k€246k▼
Operating profit (loss)9901€233k€-123k▼
Financial income75/76B€163€21▼
Recurring financial income75€163€21▼
Financial charges65/66B€9k€12k▲
Recurring financial charges65€9k€12k▲
Profit (loss) for the period before taxes9903€224k€-135k▼
Income taxes67/77€19k€148▼
Profit (loss) for the period9904€205k€-135k▼
Profit (loss) for the period to be appropriated9905€205k€-135k▼
Appropriation of the result
Profit (loss) to be appropriated9906€113k€-135k▼
Profit (loss) brought forward from the previous period14P€-92k€0▲
Transfer to equity691/2€113k€0▼
To other reserves6921€113k€0▼
The notes to these accounts (18 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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-135k ▼166%
Net result drops to €-135k, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2019net €205k ▲438%
Operating result €233k, net result €205k, both a record.
30-06
Financial
Equity above €200kEq €385k ▲114%
3 profitable years in a row build equity to €385k.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150kEq €180k
2 profitable years in a row build equity to €180k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €19k
Net result €19k after 3 loss-making years.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Brugge · 1 establishment unit since 2007
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.
Zwiersweg 48380 BruggeGround area
6,411 m²
Building footprint
410 m²
Volume, LiDAR
1,981 m³
Parcel 31007C0245/00T000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Kassel
since 20072.163.568.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31007C0245/00T000 | Flanders | 6,411 m² | 1 · 410 m² | 7.7 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
2024 · 1 entry · 137 EUR awarded · 137 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 137 EUR | 137 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 279 companies in sector 38330 we hold annual accounts for 240. 151 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-04-2007
Fiscal year end30-06
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
90021
01500Mixed farming
01410Raising of dairy cattle
43120Site preparation
45112
46649Wholesale of other machinery and equipment
49410Freight transport by road
51872
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.