Active BE 0841.903.283Private limited company

DE KEIGNAERT

Abdijhoek 6 ·8210 Zedelgem, Belgium· 14 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

DE KEIGNAERT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.73M and a net result of €-295k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 35% of 5424 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€4.73M
Net result	€-295k
Better than sector	35%
Active	14 yrs

Financial profile 4 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on stability, weaker on profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 0

Solvency 76

Growth 58

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2011, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview13 NBB filings

Annual accounts filed on 31-10-2025 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~2.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	34.6%	51.8%	better than 35% of 5424 sector peers
Net result	€-295k	€53k	better than 5% of 5425 sector peers
Equity	€4.73M	€622k	better than 88% of 5425 sector peers
Gross operating margin	€-74k	€87k	better than 5% of 5421 sector peers
Total assets	€13.65M	€1.54M	better than 93% of 5425 sector peers

Net profit

€-295k

- 21-25

Total assets

€13.65M

+2.7% 21-25

Equity

€4.73M

-5.9% 21-25

Employees (FTE)

0

- 21-25

Income taxes

€6k

-82.4% 21-25

Debt

€8.92M

+7.9% 21-25

Debt ≤ 1y

€4.29M

-29.3% 21-25

Debt > 1y

€4.60M

+121.5% 21-25

Solvency

34.6%

-8.4% 21-25

ROE

-6.2%

- 21-25

ROA

-2.2%

- 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€-295k	€320k	€98k	€-60k	€-433k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€6k	€32k	€10k	€249	€633
Dividends	-	-	-	-	-
Total assets	€13.65M	€13.29M	€13.11M	€10.49M	€8.46M
Equity	€4.73M	€5.02M	€4.70M	€4.60M	€6.16M
Debt	€8.92M	€8.27M	€8.41M	€5.88M	€2.30M
of which ≤ 1y	€4.29M	€6.07M	€3.79M	€772k	€230k
of which > 1y	€4.60M	€2.07M	€4.59M	€5.11M	€2.07M
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	0.0	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	34.6%	37.8%	35.9%	43.9%	72.9%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	-2.2%	2.4%	0.7%	-0.6%	-5.1%
ROE	-6.2%	6.4%	2.1%	-1.3%	-7.0%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €3.98M · 29.2% Current assets €9.67M · 70.8%

Equity & liabilities

Equity €4.73M · 34.6% Debt €8.92M · 65.4%

Full annual accounts (27 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.65M	€13.29M	€13.11M	€10.49M	€8.46M
Fixed assets	21/28	€3.98M	€2.97M	€5.49M	€6.09M	€5.79M
Intangible fixed assets	21	-	€77k	€155k	€232k	€310k
Tangible fixed assets	22/27	€2.21M	€1.12M	€3.56M	€4.09M	€3.63M
Financial fixed assets	28	€1.78M	€1.78M	€1.78M	€1.77M	€1.84M
Current assets	29/58	€9.67M	€10.32M	€7.63M	€4.39M	€2.67M
Stocks & contracts in progress	3	€4.67M	€4.87M	€2.56M	€2.55M	-
Amounts receivable within one year	40/41	€3.96M	€3.96M	€3.30M	€1.10M	€835k
Investments	50/53	€139k	€145k	€133k	€101k	€31k
Cash & bank	54/58	€55k	€544k	€274k	€47k	€214k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.65M	€13.29M	€13.11M	€10.49M	€8.46M
Equity	10/15	€4.73M	€5.02M	€4.70M	€4.60M	€6.16M
Contributions / capital	10/11	€136k	€136k	€136k	€136k	-
Reserves	13	€4.70M	€4.88M	€4.57M	€4.47M	€4.53M
Accumulated profits (losses)	14	€-106k	-	-	-	-
Amounts payable	17/49	€8.92M	€8.27M	€8.41M	€5.88M	€2.30M
Amounts payable after one year	17	€4.60M	€2.07M	€4.59M	€5.11M	€2.07M
Amounts payable within one year	42/48	€4.29M	€6.07M	€3.79M	€772k	€230k
Trade debts payable within one year	44	€43k	€19k	€65k	€91k	€0
Income statement
Gross operating margin	9900	€-74k	€539k	€218k	€64k	€30k
Operating result	9901	€-381k	€407k	€101k	€-85k	€-335k
Financial income	75	€387k	€238k	€88k	€65k	€117k
Financial charges	65	€295k	€293k	€82k	€40k	€14k
Result before taxes	9903	€-289k	€352k	€108k	€-60k	€-433k
Income taxes	67/77	€6k	€32k	€10k	€249	€633
Net result for the period	9904	€-295k	€320k	€98k	€-60k	€-433k
Result to be appropriated	9905	€-294k	€320k	€98k	€-60k	€-433k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	14-12-2011
Status	Active
Postal code	8210

Establishment units 1 location

De Keignaert

Abdijhoek 6, 8210 ZedelgemHoldings

since 20122.205.736.646

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31017E0496/00C000	Flanders	3,461 m²	1 · 250 m²	9.1 m · 2 fl.

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.

Updates 10 events

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-10-2026

2025

31-10

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2024

30-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

31-03

Financial Highest result since 2021net €320k ▲227%

Operating result €407k, net result €320k, both a record.

31-03

Financial Equity above €5MEq €5.02M ▲6.8%

2 profitable years in a row build equity to €5.02M.

2023

31-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

31-03

Financial Back to profitnet €98k

Net result €98k after 2 loss-making years.

2022

02-12

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 32 days late

2021

09-11

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 9 days late

2020

25-11

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 25 days late

2019

30-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2018

21-11

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 21 days late

2017

31-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2016

30-11

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210Renting and operating of own or leased residential real estate, excluding social housing68201

Names & trade names

Legal nameNL

DE KEIGNAERT

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