DE KEPPER
ActiveSummary
DE KEPPER has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €280,929 and a net result of €32,661. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 95% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+7
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 15.99 against 12.34 in 2024; short-term debt: 5.8% and cash: 62.8% of total assets), and 8.8% of the assets are financed with debt.
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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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
91.2%
Return on assets
10.6%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €280,929
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 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
66 d early
2023
1 d early
2022
on the day
2021
98 d early
2020
39 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 January (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€280,929▲ 11.7%
2024 · €251,592
Total assets
€307,933▲ 5.7%
2024 · €291,322
Net result
€32,661▲ 119%
2024 · €14,887
Working capital
€269,830▲ 9.5%
2024 · €246,453
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,451▲ 81.2%-€5,174▲ 19.8%-€3,314▲ 36.0%€9,936€40,116▲ 304%
Net result€305within the sector's middle half€443within the sector's middle half▲ 45.3%€2,434within the sector's middle half▲ 449%€14,887within the sector's middle half▲ 512%€32,661above the sector's middle half▲ 119%
Equity€233,827above the sector's middle half▼ 6.1%€234,270above the sector's middle half▲ 0.2%€236,705above the sector's middle half▲ 1.0%€251,592above the sector's middle half▲ 6.3%€280,929above the sector's middle half▲ 11.7%
Total assets€316,038within the sector's middle half▲ 5.1%€311,582within the sector's middle half▼ 1.4%€290,168within the sector's middle half▼ 6.9%€291,322within the sector's middle half▲ 0.4%€307,933within the sector's middle half▲ 5.7%
Debt€82,210▲ 58.8%€77,311▼ 6.0%€53,463▼ 30.8%€39,730▼ 25.7%€27,004▼ 32.0%
Working capital€236,479above the sector's middle half▲ 1.0%€240,388above the sector's middle half▲ 1.7%€231,669above the sector's middle half▼ 3.6%€246,453above the sector's middle half▲ 6.4%€269,830above the sector's middle half▲ 9.5%
Solvency74.0%above the sector's middle half▼ 8.8pp75.2%above the sector's middle half▲ 1.2pp81.6%above the sector's middle half▲ 6.4pp86.4%above the sector's middle half▲ 4.8pp91.2%above the sector's middle half▲ 4.9pp
Current ratio6.01above the sector's middle half▼ 3.856.19above the sector's middle half▲ 0.189.14above the sector's middle half▲ 2.9512.34above the sector's middle half▲ 3.2015.99above the sector's middle half▲ 3.65
Return on assets (ROA)0.1%within the sector's middle half▲ 9.9pp0.1%within the sector's middle half=0.8%within the sector's middle half▲ 0.7pp5.1%within the sector's middle half▲ 4.3pp10.6%within the sector's middle half▲ 5.5pp
Staff (FTE)1.5▼ 6.3%2▲ 33.3%1.3▼ 35.0%1
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 304% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,933
Fixed assets
€20,099 ▼ 13.1%
Current assets
€287,834 ▲ 7.3%
Equity and liabilities €307,933
Equity
€280,929 ▲ 11.7%
Debt
€27,004 ▼ 32.0%
Debt's share of the balance-sheet total falls from 13.6% to 8.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,279▲
2024 · €18,500
Cash flow
€40,825▲
2024 · €23,452
Quick ratio
11.07▲
2024 · 8.42
Debt to equity
0.10▼
2024 · 0.16
ROE
11.6%▲
2024 · 5.9%
Interest coverage
29.61▲
2024 · 11.86
Debt ≤ 1 year
€18,004▼
2024 · €21,730
Debt > 1 year
€9,000▼
2024 · €18,000
Income taxes
€14,569▲
2024 · €1,850
Staff costs
€159▲
2024 · -€1,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €25,128 | €9,835 | -€1,855 | €159 | ▲ 109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,844 | €7,465 | €8,517 | €8,564 | €8,163 | ▼ 4.7% |
| Other operating charges640/8 | - | €998 | €1,267 | €1,248 | €1,278 | ▲ 2.4% |
| Non-recurring operating charges66A | - | €62 | - | €63 | - | - |
| Gross operating margin9900 | €38,398 | €28,478 | €16,305 | €17,957 | €49,717 | ▲ 177% |
| Operating profit (loss)9901 | -€6,451 | -€5,174 | -€3,314 | €9,936 | €40,116 | ▲ 304% |
| Financial income75/76B | - | €7,422 | €7,588 | €8,361 | €8,745 | ▲ 4.6% |
| Recurring financial income75 | €6,321 | €7,422 | €7,588 | €8,361 | €8,745 | ▲ 4.6% |
| Financial charges65/66B | - | €1,455 | €1,481 | €1,560 | €1,630 | ▲ 4.5% |
| Recurring financial charges65 | €1,254 | €1,455 | €1,481 | €1,560 | €1,630 | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | -€1,384 | €793 | €2,794 | €16,737 | €47,231 | ▲ 182% |
| Income taxes67/77 | -€1,689 | €349 | €359 | €1,850 | €14,569 | ▲ 688% |
| Profit (loss) for the period9904 | €305 | €443 | €2,434 | €14,887 | €32,661 | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | €305 | €443 | €2,434 | €14,887 | €32,661 | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €316,038 | €311,582 | €290,168 | €291,322 | €307,933 | ▲ 5.7% |
| Fixed assets21/28 | €32,348 | €24,883 | €30,036 | €23,139 | €20,099 | ▼ 13.1% |
| Tangible fixed assets22/27 | €32,348 | €24,883 | €30,036 | €23,139 | €20,099 | ▼ 13.1% |
| Land and buildings22 | - | €24,883 | €30,036 | €22,021 | €19,537 | ▼ 11.3% |
| Furniture and vehicles24 | - | - | - | €1,118 | €562 | ▼ 49.7% |
| Current assets29/58 | €283,689 | €286,699 | €260,132 | €268,183 | €287,834 | ▲ 7.3% |
| Stocks and contracts in progress3 | €178,506 | €121,000 | €110,427 | €85,325 | €88,523 | ▲ 3.7% |
| Stocks30/36 | - | €121,000 | €110,427 | €85,325 | €88,523 | ▲ 3.7% |
| Amounts receivable within one year40/41 | - | €634 | €66 | - | €1,944 | - |
| Trade receivables40 | - | €400 | - | - | - | - |
| Other amounts receivable41 | - | €235 | €66 | - | €1,944 | - |
| Cash at bank and in hand54/58 | €104,692 | €165,065 | €149,640 | €156,322 | €193,425 | ▲ 23.7% |
| Deferred charges and accrued income490/1 | - | - | - | €26,535 | €3,942 | ▼ 85.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €316,038 | €311,582 | €290,168 | €291,322 | €307,933 | ▲ 5.7% |
| Equity10/15 | €233,827 | €234,270 | €236,705 | €251,592 | €280,929 | ▲ 11.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €171,827 | €172,270 | €174,705 | €189,592 | €218,929 | ▲ 15.5% |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €187 | €187 | €187 | €187 | = |
| Distributable reserves133 | - | €165,884 | €168,318 | €183,206 | €212,542 | ▲ 16.0% |
| Amounts payable17/49 | €82,210 | €77,311 | €53,463 | €39,730 | €27,004 | ▼ 32.0% |
| Amounts payable after more than one year17 | €35,000 | €31,000 | €25,000 | €18,000 | €9,000 | ▼ 50.0% |
| Financial debts170/4 | - | €31,000 | €25,000 | €18,000 | €9,000 | ▼ 50.0% |
| Amounts payable within one year42/48 | €47,210 | €46,311 | €28,463 | €21,730 | €18,004 | ▼ 17.1% |
| Trade debts44 | €2,814 | €7,186 | €7,016 | €2,317 | €716 | ▼ 69.1% |
| Suppliers440/4 | - | €7,186 | €7,016 | €2,317 | €716 | ▼ 69.1% |
| Taxes, remuneration and social security45 | - | €19,522 | €5,319 | €10,876 | €17,287 | ▲ 58.9% |
| Taxes450/3 | - | €12,061 | €5,319 | €10,876 | €17,287 | ▲ 58.9% |
| Remuneration and social security454/9 | - | €7,460 | - | - | - | - |
| Other amounts payable47/48 | - | €19,603 | €16,128 | €8,536 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €305 | €443 | €2,434 | €14,887 | €32,661 | ▲ 119% |
| + Depreciation and write-downs630 | €7,844 | €7,465 | €8,517 | €8,564 | €8,163 | ▼ 4.7% |
| Operating cash flow (approximation) | €8,149 | €7,909 | €10,952 | €23,452 | €40,825 | ▲ 74.1% |
| Investment in fixed assets (approximation) | - | €0 | -€13,670 | -€1,668 | -€5,123 | ▼ 207% |
| Change in cash | - | €60,373 | -€15,425 | €6,683 | €37,102 | ▲ 455% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €32,661 ▲119%
Operating result €40,116, net result €32,661, both a record.
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €305
Net result €305 after 2 loss-making years.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet -€29,542
Net result drops to -€29,542, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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.
0 of 5 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
5 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, Heist-op-den-Berg · 1 establishment unit since 1991
Ground area
267 m²
Building footprint
248 m²
Volume, LiDAR
2,061 m³
Parcel 12014A0770/00C002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
U-MEN fashion
since 19912.054.081.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014A0770/00C002 | Flanders | 267 m² | 1 · 248 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 458 companies in sector 47712 we hold annual accounts for 268. 195 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1991
Fiscal year end30-06
Activities, NACEBEL 2025
47712Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444451228
Also
9925:BE0444451228
Registered
08-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.