DE KEUKELEIRE
ActiveSummary
DE KEUKELEIRE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €-5k. Equity is shrinking by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-1
Solvency86▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 5.82 in 2024; short-term debt: 25% and cash: 18.2% of total assets), and 38.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
-4%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
28 d late
2023
27 d late
2022
40 d early
2021
11 d early
2020
31 d early
2019
24 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▼ 49.1%
2024 · €149k
2019: €250k
2020: €269k▲ +7.9% vs 2019highest in 7 years
2021: €196k▼ -27.2% vs 2020
2022: €206k▲ +4.9% vs 2021
2023: €160k▼ -22.3% vs 2022
2024: €149k▼ -6.7% vs 2023
2025: €76k▼ -49.1% vs 2024lowest in 7 years
2019 → 2025
Total assets
€123k▼ 39.3%
2024 · €203k
2019: €277k
2020: €292k▲ +5.4% vs 2019highest in 7 years
2021: €227k▼ -22.2% vs 2020
2022: €238k▲ +4.6% vs 2021
2023: €179k▼ -24.5% vs 2022
2024: €203k▲ +13.2% vs 2023
2025: €123k▼ -39.3% vs 2024lowest in 7 years
2019 → 2025
Net result
€-5k▼ 196%
2024 · €-2k
2019: €23k
2020: €21k▼ -12.1% vs 2019
2021: €27k▲ +28.7% vs 2020highest in 7 years
2022: €10k▼ -60.9% vs 2021
2023: €3k▼ -73.7% vs 2022
2024: €-2k▼ -162% vs 2023
2025: €-5k▼ -196% vs 2024lowest in 7 years
2019 → 2025
Working capital
€43k▼ 63.8%
2024 · €119k
2019: €248k
2020: €268k▲ +8.0% vs 2019highest in 7 years
2021: €194k▼ -27.6% vs 2020
2022: €204k▲ +5.1% vs 2021
2023: €158k▼ -22.3% vs 2022
2024: €119k▼ -24.9% vs 2023
2025: €43k▼ -63.8% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€196k-€206k▲ 4.9%€160k▼ 22.3%€149k▼ 6.7%€76k▼ 49.1%
2021: €196k
2022: €206k▲ +4.9% vs 2021highest in 5 years
2023: €160k▼ -22.3% vs 2022
2024: €149k▼ -6.7% vs 2023
2025: €76k▼ -49.1% vs 2024lowest in 5 years
Operating result€22k-€8k▼ 64.4%€4k▼ 43.8%€-666€-1k▼ 114%
2021: €22khighest in 5 years
2022: €8k▼ -64.4% vs 2021
2023: €4k▼ -43.8% vs 2022
2024: €-666▼ -115% vs 2023
2025: €-1k▼ -114% vs 2024lowest in 5 years
Net result€27k-€10k▼ 60.9%€3k▼ 73.7%€-2k€-5k▼ 196%
2021: €27khighest in 5 years
2022: €10k▼ -60.9% vs 2021
2023: €3k▼ -73.7% vs 2022
2024: €-2k▼ -162% vs 2023
2025: €-5k▼ -196% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €666 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€49k ▼ 16.9%
Current assets
€74k ▼ 48.6%
Equity and liabilities €123k
Equity
€76k ▼ 49.1%
Debt
€47k ▼ 12.1%
Debt's share of the balance-sheet total rises from 26.6% to 38.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €9k
Cash flow
€5k▼
2024 · €8k
Current ratio
2.39▼
2024 · 5.82
Debt to equity
0.63▲
2024 · 0.36
ROE
-6.6%▼
2024 · -1.1%
ROA
-4.0%▼
2024 · -0.8%
Interest coverage
5.24▲
2024 · 4.81
Debt ≤ 1 year
€31k▲
2024 · €25k
Debt > 1 year
€17k▼
2024 · €29k
Income taxes
€2k▲
2024 · €2k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€203k€123k▼
Fixed assets21/28€60k€49k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€59k€49k▼
Land and buildings22€748€598▼
Plant, machinery and equipment23€300€100▼
Furniture and vehicles24€0€0=
Leasing and similar rights25€58k€49k▼
Financial fixed assets28€135€135=
Current assets29/58€143k€74k▼
Amounts receivable within one year40/41€97k€48k▼
Trade receivables40€36k€39k▲
Other amounts receivable41€61k€9k▼
Cash at bank and in hand54/58€42k€22k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€203k€123k▼
Equity10/15€149k€76k▼
Contributions10/11€25k€25k=
Reserves13€100k€32k▼
Non-distributable reserves130/1€82k€14k▼
Reserves not available under the articles1311€82k€14k▼
Tax-exempt reserves132€18k€18k=
Profit (loss) carried forward14€24k€19k▼
Amounts payable17/49€54k€47k▼
Amounts payable after more than one year17€29k€17k▼
Financial debts170/4€29k€17k▼
Amounts payable within one year42/48€25k€31k▲
Current portion of amounts payable after more than one year42€13k€13k=
Trade debts44€10k€12k▲
Suppliers440/4€10k€12k▲
Taxes, remuneration and social security45€1k€6k▲
Taxes450/3€1k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€4k€2k▼
Gross operating margin9900€13k€11k▼
Operating profit (loss)9901€-666€-1k▼
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€209€-3k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€-2k€-5k▼
Profit (loss) for the period to be appropriated9905€-2k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€19k▼
Profit (loss) brought forward from the previous period14P€26k€24k▼
Transfer from equity791/2€9k€68k▲
Profit to be distributed694/7€9k€68k▲
Return on contributions (dividend)694€9k€68k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €409 | €350 | €350 | €10k | €10k | = |
| Other operating charges640/8 | €2k | €1k | €1k | €4k | €2k | ▼ 46.9% |
| Gross operating margin9900 | €25k | €10k | €6k | €13k | €11k | ▼ 19.5% |
| Operating profit (loss)9901 | €22k | €8k | €4k | €-666 | €-1k | ▼ 114% |
| Financial income75/76B | €19k | €9k | €6k | €3k | - | - |
| Recurring financial income75 | €19k | €9k | €6k | €3k | - | - |
| Financial charges65/66B | €188 | €123 | €118 | €2k | €2k | ▼ 15.5% |
| Recurring financial charges65 | €188 | €123 | €118 | €2k | €2k | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €41k | €17k | €10k | €209 | €-3k | ▼ 1,574% |
| Income taxes67/77 | €14k | €7k | €7k | €2k | €2k | ▲ 0.3% |
| Profit (loss) for the period9904 | €27k | €10k | €3k | €-2k | €-5k | ▼ 196% |
| Profit (loss) for the period to be appropriated9905 | €27k | €10k | €3k | €-2k | €-5k | ▼ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227k | €238k | €179k | €203k | €123k | ▼ 39.3% |
| Fixed assets21/28 | €2k | €2k | €2k | €60k | €49k | ▼ 16.9% |
| Intangible fixed assets21 | - | - | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €2k | €2k | €1k | €59k | €49k | ▼ 17.0% |
| Land and buildings22 | €1k | €1k | €897 | €748 | €598 | ▼ 20.0% |
| Plant, machinery and equipment23 | €900 | €700 | €500 | €300 | €100 | ▼ 66.7% |
| Furniture and vehicles24 | - | - | €0 | €0 | €0 | - |
| Leasing and similar rights25 | - | - | - | €58k | €49k | ▼ 16.7% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €225k | €236k | €178k | €143k | €74k | ▼ 48.6% |
| Amounts receivable within one year40/41 | €173k | €182k | €70k | €97k | €48k | ▼ 50.3% |
| Trade receivables40 | €25k | €19k | €18k | €36k | €39k | ▲ 7.5% |
| Other amounts receivable41 | €148k | €163k | €52k | €61k | €9k | ▼ 84.6% |
| Cash at bank and in hand54/58 | €50k | €52k | €106k | €42k | €22k | ▼ 46.5% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €4k | €3k | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227k | €238k | €179k | €203k | €123k | ▼ 39.3% |
| Equity10/15 | €196k | €206k | €160k | €149k | €76k | ▼ 49.1% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | €25k | €25k | - | - | - | - |
| Issued capital100 | €25k | €25k | - | - | - | - |
| Reserves13 | €146k | €155k | €109k | €100k | €32k | ▼ 68.1% |
| Non-distributable reserves130/1 | €128k | €137k | €91k | €82k | €14k | ▼ 83.0% |
| Legal reserve130 | €3k | €3k | - | - | - | - |
| Reserves not available under the articles1311 | €125k | €135k | €91k | €82k | €14k | ▼ 83.0% |
| Tax-exempt reserves132 | €18k | €18k | €18k | €18k | €18k | = |
| Profit (loss) carried forward14 | €25k | €26k | €26k | €24k | €19k | ▼ 20.9% |
| Amounts payable17/49 | €31k | €32k | €20k | €54k | €47k | ▼ 12.1% |
| Amounts payable after more than one year17 | - | - | - | €29k | €17k | ▼ 43.3% |
| Financial debts170/4 | - | - | - | €29k | €17k | ▼ 43.3% |
| Amounts payable within one year42/48 | €31k | €32k | €20k | €25k | €31k | ▲ 25.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13k | €13k | = |
| Trade debts44 | €15k | €25k | €12k | €10k | €12k | ▲ 17.4% |
| Suppliers440/4 | €15k | €25k | €12k | €10k | €12k | ▲ 17.4% |
| Taxes, remuneration and social security45 | €16k | €7k | €7k | €1k | €6k | ▲ 291% |
| Taxes450/3 | €16k | €7k | €7k | €1k | €6k | ▲ 291% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €10k | €3k | €-2k | €-5k | ▼ 196% |
| + Depreciation and write-downs630 | €409 | €350 | €350 | €10k | €10k | = |
| Operating cash flow (approximation) | €27k | €11k | €3k | €8k | €5k | ▼ 39.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-68k | €0 | ▲ 100% |
| Change in cash | - | €2k | €54k | €-65k | €-19k | ▲ 69.8% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €206k ▲4.9%
4 profitable years in a row build equity to €206k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €27k ▲28.7%
Net result €27k, the highest in the series.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
02-03
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.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Berlare · 1 establishment unit since 1994
Ground area
818 m²
Building footprint
327 m²
Volume, LiDAR
1,892 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
DE KEUKELEIRE GEBR.
since 19942.065.174.144
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42017C0446/00P000 | Flanders | 453 m² | 1 · 170 m² | 4.3 m · 1 fl. |
| 42017C0787/00E000 | Flanders | 364 m² | 1 · 156 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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A&Z Constructions Team
BE 0715.517.332
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PRO-FIBRE
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,372 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.