DE KAZERIJ
ActiveDE KAZERIJ has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.64M and a net result of €1.76M. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 78% of 642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87=
Solvency90▲+7
Growth85=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 2.38 in 2024; short-term debt: 26.7% and cash: 7.3% of total assets), and 35.2% 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 10
Relative position
BE, all sectors
reference
Sector 10
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
64.8%
Return on assets
20.2%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 d early
2023
40 d early
2022
38 d early
2021
5 d early
2020
3 d early
2019
58 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€20.44M▲ 21.7%
2024 · €16.79M
2023: €12.63M
2024: €16.79M
2023 → 2025
EBIT margin
10.7%▼ 0.1pp
2024 · 10.8%
2023: 11.7%
2024: 10.8%
2023 → 2025
Net result
€1.76M▲ 22.7%
2024 · €1.43M
2018: €231k
2019: €263k
2020: €412k
2021: €537k
2022: €82k
2023: €1.19M
2024: €1.43M
2018 → 2025
Working capital
€4.10M▲ 42.1%
2024 · €2.88M
2018: €-558k
2019: €-58k
2020: €12k
2021: €576k
2022: €595k
2023: €1.77M
2024: €2.88M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€12.63M€16.79M▲ 32.9%€20.44M▲ 21.7%
Equity€2.10M-€2.15M▲ 2.5%€3.07M▲ 42.5%€4.27M▲ 39.2%€5.64M▲ 32.2%
Operating result€700k-€106k▼ 84.8%€1.48M▲ 1,292%€1.81M▲ 22.7%€2.19M▲ 20.6%
Net result€537k-€82k▼ 84.6%€1.19M▲ 1,349%€1.43M▲ 19.8%€1.76M▲ 22.7%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.71M
Fixed assets
€2.29M▼ 4.1%
Current assets
€6.42M▲ 29.1%
Equity and liabilities €8.71M
Equity
€5.64M▲ 32.2%
Debt
€3.07M▼ 0.9%
The debt ratio falls from 42.0% to 35.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.77M▲
2024 · €2.35M
Cash flow
€2.33M▲
2024 · €1.97M
Solvency
64.8%▲
2024 · 58.0%
Current ratio
2.76▲
2024 · 2.38
Quick ratio
2.66▲
2024 · 2.32
Debt / equity
0.54▼
2024 · 0.72
ROE
31.1%▼
2024 · 33.5%
ROA
20.2%▲
2024 · 19.4%
Interest coverage
235.70▲
2024 · 165.79
Debt
€3.07M▼
2024 · €3.09M
Debt ≤ 1 year
€2.32M▲
2024 · €2.09M
Debt > 1 year
€744k▼
2024 · €1.01M
Income taxes
€465k▲
2024 · €405k
Staff costs
€1.26M▲
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€7.36M€8.71M▲
Fixed assets21/28€2.39M€2.29M▼
Tangible fixed assets22/27€2.39M€2.29M▼
Plant, machinery and equipment23€2.39M€2.28M▼
Furniture and vehicles24€3k€6k▲
Current assets29/58€4.97M€6.42M▲
Stocks and contracts in progress3€121k€242k▲
Stocks30/36€121k€242k▲
Goods purchased for resale34€121k€242k▲
Amounts receivable within one year40/41€3.54M€5.04M▲
Trade receivables40€3.49M€4.90M▲
Other amounts receivable41€50k€141k▲
Current investments50/53€1.00M€500k▼
Other investments51/53€1.00M€500k▼
Cash at bank and in hand54/58€303k€632k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€7.36M€8.71M▲
Equity10/15€4.27M€5.64M▲
Contributions10/11€500k€500k=
Reserves13€3.59M€4.99M▲
Distributable reserves133€3.59M€4.99M▲
Investment grants15€180k€150k▼
Amounts payable17/49€3.09M€3.07M▼
Amounts payable after more than one year17€1.01M€744k▼
Financial debts170/4€1.01M€744k▼
Credit institutions173€1.01M€744k▼
Amounts payable within one year42/48€2.09M€2.32M▲
Current portion of amounts payable after more than one year42€261k€261k=
Trade debts44€1.40M€1.38M▼
Suppliers440/4€1.40M€1.38M▼
Taxes, remuneration and social security45€223k€330k▲
Taxes450/3€57k€125k▲
Remuneration and social security454/9€166k€205k▲
Other amounts payable47/48€200k€350k▲
Accrued charges and deferred income492/3-€324
Income statement
Code20242025
Operating income70/76A€16.81M€20.58M▲
Turnover70€16.79M€20.44M▲
Other operating income74€20k€147k▲
Operating charges60/66A€15.00M€18.40M▲
Goods for resale, raw materials and consumables60€12.15M€15.42M▲
Purchases600/8€12.27M€15.54M▲
Change in stocks: decrease (increase)609€-121k€-122k▼
Services and other goods61€1.35M€1.14M▼
Remuneration, social security and pensions62€961k€1.26M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€536k€578k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€1.81M€2.19M▲
Financial income75/76B€37k€45k▲
Recurring financial income75€37k€45k▲
Income from financial fixed assets750€7k€14k▲
Other financial income752/9€30k€30k▲
Financial charges65/66B€14k€12k▼
Recurring financial charges65€14k€12k▼
Debt charges650€14k€12k▼
Other financial charges652/9€89€100▲
Profit (loss) for the period before taxes9903€1.84M€2.22M▲
Income taxes67/77€405k€465k▲
Taxes670/3€405k€465k▲
Profit (loss) for the period9904€1.43M€1.76M▲
Profit (loss) for the period to be appropriated9905€1.43M€1.76M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.43M€1.76M▲
Transfer to equity691/2€1.23M€1.41M▲
To other reserves6921€1.23M€1.41M▲
Profit to be distributed694/7€200k€350k▲
Directors or managers695€200k€350k▲
Social balance
Average headcount (FTE)908711.514.0▲
The notes to these accounts (46 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €1.76M ▲22.7%
Operating result €2.19M, net result €1.76M, both a record.
31-12
Financial
Equity above €5MEq €5.64M ▲32.2%
8 profitable years in a row build equity to €5.64M.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €82k ▼84.6%
Net result drops to €82k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €2MEq €2.10M ▲56.4%
4 profitable years in a row build equity to €2.10M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.34M ▲44.3%
3 profitable years in a row build equity to €1.34M.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
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, Wervik · 1 establishment unit since 2011
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.
Robert Klingstraat 358940 WervikGround area
1.0 ha
Building footprint
3,448 m²
Volume, LiDAR
20,540 m³
Parcel 33029B0759/00B002, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DE KAZERIJ
since 20112.204.990.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0759/00B002 | Flanders | 1.0 ha | 1 · 3,448 m² | 8.4 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
2023 to 2025 · 3 entries · 80,372 EUR awarded · 2,314 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 79,884 EUR | 1,826 EUR |
| 2023 | 1 | 488 EUR | 488 EUR |
Schemes
Ecologiepremie+
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 273 companies in sector 10510 we hold annual accounts for 121. 45 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2011
Fiscal year end31-12
Activities, NACEBEL
10510Manufacture of food products
46331Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.