DE KERN
ActiveSummary
DE KERN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €146k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
75
/ 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
Profitability91▲+23
Solvency49▲+16
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.52 in 2024; short-term debt: 48.5% and cash: 30.5% of total assets), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
23.6%
Return on assets
17.9%
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
3 d early
2023
1 d early
2022
5 d early
2021
24 d early
2020
23 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€193k▲ 313%
2024 · €47k
2018: €88k
2019: €99k
2020: €99k
2021: €126k
2022: €141k
2023: €3k
2024: €47k
2018 → 2025
Total assets
€816k▲ 35.0%
2024 · €605k
2018: €491k
2019: €632k
2020: €642k
2021: €723k
2022: €709k
2023: €635k
2024: €605k
2018 → 2025
Net result
€146k▲ 233%
2024 · €44k
2018: €124k
2019: €124k
2020: €60k
2021: €86k
2022: €15k
2023: €-138k
2024: €44k
2018 → 2025
Working capital
€173k▲ 33.4%
2024 · €130k
2018: €140k
2019: €179k
2020: €94k
2021: €162k
2022: €140k
2023: €66k
2024: €130k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€126k-€141k▲ 12.1%€3k▼ 98.0%€47k▲ 1,547%€193k▲ 313%
Operating result€138k-€42k▼ 69.5%€-119k€73k€226k▲ 209%
Net result€86k-€15k▼ 82.2%€-138k€44k€146k▲ 233%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 209% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €816k
Fixed assets
€247k ▲ 10.9%
Current assets
€569k ▲ 49.0%
Equity and liabilities €816k
Equity
€193k ▲ 313%
Provisions
€22k =
Debt
€601k ▲ 12.2%
Debt's share of the balance-sheet total falls from 88.7% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€289k▲
2024 · €135k
Cash flow
€209k▲
2024 · €106k
Current ratio
1.44▼
2024 · 1.52
Debt to equity
3.12▼
2024 · 11.48
ROE
75.8%▼
2024 · 93.9%
ROA
17.9%▲
2024 · 7.3%
Interest coverage
11.43▲
2024 · 4.84
Debt ≤ 1 year
€396k▲
2024 · €252k
Debt > 1 year
€206k▼
2024 · €284k
Income taxes
€55k▲
2024 · €1k
Staff costs
€362k▲
2024 · €321k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€605k€816k▲
Fixed assets21/28€223k€247k▲
Intangible fixed assets21€19k€8k▼
Tangible fixed assets22/27€194k€229k▲
Land and buildings22€37k€10k▼
Plant, machinery and equipment23€10k€8k▼
Furniture and vehicles24€42k€39k▼
Other tangible fixed assets26€104k€97k▼
Assets under construction and advance payments27-€74k
Financial fixed assets28€10k€10k=
Current assets29/58€382k€569k▲
Amounts receivable within one year40/41€365k€317k▼
Trade receivables40€256k€110k▼
Other amounts receivable41€109k€206k▲
Cash at bank and in hand54/58€16k€249k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€605k€816k▲
Equity10/15€47k€193k▲
Contributions10/11€12k€12k=
Reserves13€113k€113k=
Distributable reserves133€113k€113k=
Profit (loss) carried forward14€-79k€67k▲
Provisions and deferred taxes16€22k€22k=
Provisions for liabilities and charges160/5€22k€22k=
Pensions and similar obligations160€0-
Other liabilities and charges164/5€22k€22k=
Amounts payable17/49€536k€601k▲
Amounts payable after more than one year17€284k€206k▼
Financial debts170/4€284k€206k▼
Amounts payable within one year42/48€252k€396k▲
Current portion of amounts payable after more than one year42€64k€72k▲
Financial debts43€110k€105k▼
Credit institutions430/8€110k€105k▼
Trade debts44€43k€188k▲
Suppliers440/4€43k€188k▲
Taxes, remuneration and social security45€34k€31k▼
Taxes450/3€8k€9k▲
Remuneration and social security454/9€26k€22k▼
Other amounts payable47/48€134€134=
Income statement
Code20242025
Non-recurring operating income76A€8k€0▼
Remuneration, social security and pensions62€321k€362k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€63k▲
Other operating charges640/8€14k€13k▼
Non-recurring operating charges66A€675€0▼
Gross operating margin9900€471k€664k▲
Operating profit (loss)9901€73k€226k▲
Financial income75/76B€13€98▲
Recurring financial income75€13€98▲
Financial charges65/66B€28k€25k▼
Recurring financial charges65€28k€25k▼
Profit (loss) for the period before taxes9903€45k€201k▲
Income taxes67/77€1k€55k▲
Profit (loss) for the period9904€44k€146k▲
Profit (loss) for the period to be appropriated9905€44k€146k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€67k▲
Profit (loss) brought forward from the previous period14P€-123k€-79k▲
Social balance
Average headcount (FTE)90876.56.5=
The notes to these accounts (22 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €146k ▲233%
Operating result €226k, net result €146k, both a record.
31-12
Financial
Equity above €150kEq €193k ▲313%
2 profitable years in a row build equity to €193k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-138k ▼1008%
Net result drops to €-138k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €126k ▲27.2%
4 profitable years in a row build equity to €126k.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Antwerpen · 5 establishment units since 2009
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.
Heistraat 732610 AntwerpenGround area
1,280 m²
Building footprint
880 m²
Volume, LiDAR
9,088 m³
5 parcels, Flanders · tallest building 15.1 m, ±5 floors. Linked by address, not a title deed.
5 establishment units
DE KERN
since 20092.182.734.283
Heuvelstraat 47, 2530 Boechout
since 20212.315.737.418
Pieter Reypenslei 10, 2640 Mortsel
since 20232.341.436.973
Lambrechtshoekenlaan 169, 2170 Antwerpen
since 20242.366.597.189
Churchilllaan 13, 2900 Schoten
since 20242.366.597.288
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0144/00P009 | Flanders | 536 m² | 1 · 218 m² | 15.1 m · 5 fl. |
| 11442C0392/00Z002 | Flanders | 381 m² | 1 · 155 m² | 14.7 m · 3 fl. |
| 11004D0455/00G002 | Flanders | 211 m² | 1 · 210 m² | 10.4 m · 3 fl. |
| 11462A0209/00B003 | Flanders | 98 m² | 1 · 243 m² | 12.5 m · 4 fl. |
| 11513C0282/00G004 | Flanders | 55 m² | 1 · 55 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels 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 · 2 entries · 613 EUR awarded · 2,725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 613 EUR | 2,725 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.