DE KASTART
ActiveDE KASTART has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.45M and a net result of €1.11M. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 94% of 3616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500k at 30 days acceptable
Liquidity ample (current ratio 5.62 against 4.24 in 2024), and 16.1% 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
83.9%
Return on assets
17%
Age of the figures
9 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
122 d early
2023
127 d early
2022
122 d early
2021
128 d early
2020
80 d early
2019
57 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5.45M▲ 11.6%
2024 · €4.89M
2018: €1.35M
2019: €2.12M
2020: €2.66M
2021: €3.50M
2022: €4.02M
2023: €4.34M
2024: €4.89M
2018 → 2025
Total assets
€6.50M▲ 4.9%
2024 · €6.20M
2018: €2.09M
2019: €2.80M
2020: €3.11M
2021: €4.05M
2022: €5.01M
2023: €5.70M
2024: €6.20M
2018 → 2025
Net result
€1.11M▼ 15.4%
2024 · €1.31M
2018: €936k
2019: €1.07M
2020: €688k
2021: €1.00M
2022: €985k
2023: €1.04M
2024: €1.31M
2018 → 2025
Working capital
€4.76M▲ 13.1%
2024 · €4.21M
2018: €939k
2019: €1.69M
2020: €2.25M
2021: €3.17M
2022: €3.67M
2023: €3.67M
2024: €4.21M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.50M-€4.02M▲ 14.7%€4.34M▲ 8.2%€4.89M▲ 12.5%€5.45M▲ 11.6%
Operating result€1.44M-€1.58M▲ 9.5%€1.46M▼ 7.5%€1.71M▲ 17.4%€1.55M▼ 9.8%
Net result€1.00M-€985k▼ 1.9%€1.04M▲ 5.5%€1.31M▲ 25.9%€1.11M▼ 15.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.50M
Fixed assets
€710k▲ 2.1%
Current assets
€5.79M▲ 5.2%
Equity and liabilities €6.50M
Equity
€5.45M▲ 11.6%
Debt
€1.05M▼ 20.3%
The debt ratio falls from 21.2% to 16.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.67M▼
2024 · €1.83M
Cash flow
€1.23M▼
2024 · €1.43M
Solvency
83.9%▲
2024 · 78.8%
Current ratio
5.62▲
2024 · 4.24
Quick ratio
5.59▲
2024 · 4.22
Debt / equity
0.19▼
2024 · 0.27
ROE
20.3%▼
2024 · 26.8%
ROA
17.0%▼
2024 · 21.1%
Interest coverage
47.15▲
2024 · -101.25
Debt
€1.05M▼
2024 · €1.31M
Debt ≤ 1 year
€1.03M▼
2024 · €1.30M
Income taxes
€514k▼
2024 · €593k
Staff costs
€985k▲
2024 · €961k
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€6.20M€6.50M▲
Fixed assets21/28€695k€710k▲
Tangible fixed assets22/27€694k€709k▲
Plant, machinery and equipment23€29k€26k▼
Furniture and vehicles24€83k€138k▲
Other tangible fixed assets26€581k€545k▼
Financial fixed assets28€787€792▲
Current assets29/58€5.50M€5.79M▲
Stocks and contracts in progress3€27k€28k▲
Stocks30/36€27k€28k▲
Amounts receivable within one year40/41€12k€35k▲
Trade receivables40€12k€8k▼
Other amounts receivable41-€27k
Current investments50/53€4.51M€4.78M▲
Cash at bank and in hand54/58€884k€889k▲
Deferred charges and accrued income490/1€67k€57k▼
Equity and liabilities
Total equity and liabilities10/49€6.20M€6.50M▲
Equity10/15€4.89M€5.45M▲
Contributions10/11€19k€19k=
Reserves13€4.87M€5.43M▲
Distributable reserves133€4.87M€5.43M▲
Amounts payable17/49€1.31M€1.05M▼
Amounts payable within one year42/48€1.30M€1.03M▼
Trade debts44€50k€50k▲
Suppliers440/4€50k€50k▲
Taxes, remuneration and social security45€479k€442k▼
Taxes450/3€342k€303k▼
Remuneration and social security454/9€138k€139k▲
Other amounts payable47/48€767k€538k▼
Accrued charges and deferred income492/3€15k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€8k€20k▲
Remuneration, social security and pensions62€961k€985k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€127k▲
Other operating charges640/8€7k€8k▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€2.80M€2.68M▼
Operating profit (loss)9901€1.71M€1.55M▼
Financial income75/76B€170k€111k▼
Recurring financial income75€170k€111k▼
Financial charges65/66B€-18k€35k▲
Recurring financial charges65€-18k€35k▲
Profit (loss) for the period before taxes9903€1.90M€1.62M▼
Income taxes67/77€593k€514k▼
Profit (loss) for the period9904€1.31M€1.11M▼
Profit (loss) for the period to be appropriated9905€1.31M€1.11M▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.31M€1.11M▼
Transfer from equity791/2€767k€538k▼
Transfer to equity691/2€1.31M€1.11M▼
To other reserves6921€1.31M€1.11M▼
Profit to be distributed694/7€767k€538k▼
Return on contributions (dividend)694€767k€538k▼
Social balance
Average headcount (FTE)908719.519.1▼
The notes to these accounts (13 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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €5MEq €5.45M ▲11.6%
8 profitable years in a row build equity to €5.45M.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.31M ▲25.9%
Operating result €1.71M, net result €1.31M, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €688k ▼35.5%
Net result drops to €688k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.12M ▲56.7%
2 profitable years in a row build equity to €2.12M.
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
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
3 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, Gent · 1 establishment unit since 2002
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.
Onderbergen 429000 GentGround area
218 m²
Building footprint
159 m²
Volume, LiDAR
1,133 m³
Parcel 44815F1054/00_000, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE KASTART
since 20022.101.802.829
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1054/00_000 | Flanders | 218 m² | 1 · 159 m² | 12.7 m · 3 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
2023 to 2024 · 2 entries · 4,345 EUR awarded · 4,345 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 937 EUR | 937 EUR |
| 2023 | 1 | 3,408 EUR | 3,408 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.101.802.829
Legal Entity Identifier
8755007XCYSM6KICAZ23
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WPC
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Kruisem · Eq €6.02M
Of 20,232 companies in sector 56111 we hold annual accounts for 11,312. 652 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2002
Fiscal year end31-12
Activities, NACEBEL
55301
55302
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.