DE KIEZEL
ActiveSummary
DE KIEZEL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €26k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 38% of 448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+4
Solvency51▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.92 in 2024; short-term debt: 69.5% and cash: 31% of total assets), and 73.7% 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 79
Relative position
BE, all sectors
reference
Travel agency, tour operator and other reservation service and related activities (NACE 79)
about 121% 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
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
26.3%
Return on assets
6.9%
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
30 d early
2023
29 d early
2022
7 d early
2021
2 d early
2020
16 d early
2019
5 d late
← 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
€99k▲ 36.0%
2024 · €73k
2018: €33k
2019: €35k▲ +6.5% vs 2018
2020: €27k▼ -24.8% vs 2019
2021: €20k▼ -26.8% vs 2020lowest in 8 years
2022: €44k▲ +125% vs 2021
2023: €60k▲ +35.7% vs 2022
2024: €73k▲ +21.7% vs 2023
2025: €99k▲ +36.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€376k▼ 0.5%
2024 · €378k
2018: €398k
2019: €393k▼ -1.2% vs 2018
2020: €427k▲ +8.6% vs 2019
2021: €395k▼ -7.4% vs 2020
2022: €450k▲ +13.9% vs 2021highest in 8 years
2023: €329k▼ -27.0% vs 2022lowest in 8 years
2024: €378k▲ +15.0% vs 2023
2025: €376k▼ -0.5% vs 2024
2018 → 2025
Net result
€26k▲ 102%
2024 · €13k
2018: €-19klowest in 8 years
2019: €2k▲ +111% vs 2018
2020: €-9k▼ -508% vs 2019
2021: €-7k▲ +18.6% vs 2020
2022: €24k▲ +442% vs 2021
2023: €16k▼ -35.8% vs 2022
2024: €13k▼ -17.5% vs 2023
2025: €26k▲ +102% vs 2024highest in 8 years
2018 → 2025
Working capital
€3k
2024 · €-24k
2018: €-107klowest in 8 years
2019: €-96k▲ +10.7% vs 2018
2020: €-92k▲ +3.8% vs 2019
2021: €-91k▲ +0.9% vs 2020
2022: €-59k▲ +35.1% vs 2021
2023: €-38k▲ +35.4% vs 2022
2024: €-24k▲ +38.7% vs 2023
2025: €3k▲ +114% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€44k▲ 125%€60k▲ 35.7%€73k▲ 21.7%€99k▲ 36.0%
2021: €20klowest in 5 years
2022: €44k▲ +125% vs 2021
2023: €60k▲ +35.7% vs 2022
2024: €73k▲ +21.7% vs 2023
2025: €99k▲ +36.0% vs 2024highest in 5 years
Operating result€-6k-€27k€17k▼ 37.7%€14k▼ 16.6%€27k▲ 90.4%
2021: €-6klowest in 5 years
2022: €27k▲ +558% vs 2021highest in 5 years
2023: €17k▼ -37.7% vs 2022
2024: €14k▼ -16.6% vs 2023
2025: €27k▲ +90.4% vs 2024
Net result€-7k-€24k€16k▼ 35.8%€13k▼ 17.5%€26k▲ 102%
2021: €-7klowest in 5 years
2022: €24k▲ +442% vs 2021
2023: €16k▼ -35.8% vs 2022
2024: €13k▼ -17.5% vs 2023
2025: €26k▲ +102% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376k
Fixed assets
€111k ▼ 3.9%
Current assets
€265k ▲ 1.0%
Equity and liabilities €376k
Equity
€99k ▲ 36.0%
Debt
€277k ▼ 9.2%
Debt's share of the balance-sheet total falls from 80.8% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €20k
Cash flow
€32k▲
2024 · €19k
Current ratio
1.01▲
2024 · 0.92
Debt to equity
2.81▼
2024 · 4.21
ROE
26.5%▲
2024 · 17.8%
ROA
6.9%▲
2024 · 3.4%
Interest coverage
29.33▲
2024 · 14.72
Debt ≤ 1 year
€261k▼
2024 · €285k
Debt > 1 year
€16k▼
2024 · €20k
Staff costs
€34k▲
2024 · €33k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€378k€376k▼
Fixed assets21/28€116k€111k▼
Tangible fixed assets22/27€116k€111k▼
Land and buildings22€116k€110k▼
Plant, machinery and equipment23-€1k
Current assets29/58€262k€265k▲
Amounts receivable within one year40/41€59k€69k▲
Trade receivables40€59k€69k▲
Other amounts receivable41€42€703▲
Cash at bank and in hand54/58€107k€116k▲
Deferred charges and accrued income490/1€96k€79k▼
Equity and liabilities
Total equity and liabilities10/49€378k€376k▼
Equity10/15€73k€99k▲
Contributions10/11€120k€120k=
Revaluation surpluses12€73k€73k=
Profit (loss) carried forward14€-120k€-94k▲
Amounts payable17/49€305k€277k▼
Amounts payable after more than one year17€20k€16k▼
Financial debts170/4€20k€16k▼
Amounts payable within one year42/48€285k€261k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Trade debts44€69k€53k▼
Suppliers440/4€69k€53k▼
Advances received on contracts in progress46€82k€74k▼
Taxes, remuneration and social security45€5k€5k▲
Taxes450/3€580€732▲
Remuneration and social security454/9€4k€4k▲
Other amounts payable47/48€126k€126k=
Income statement
Code20242025
Non-recurring operating income76A-€2k
Remuneration, social security and pensions62€33k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€56k€71k▲
Operating profit (loss)9901€14k€27k▲
Financial income75/76B€68€292▲
Recurring financial income75€68€292▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Non-recurring financial charges66B-€120
Profit (loss) for the period before taxes9903€13k€26k▲
Profit (loss) for the period9904€13k€26k▲
Profit (loss) for the period to be appropriated9905€13k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-120k€-94k▲
Profit (loss) brought forward from the previous period14P€-133k€-120k▲
The notes to these accounts (8 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 | - | - | €2k | - | €2k | - |
| Remuneration, social security and pensions62 | €13k | €26k | €32k | €33k | €34k | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €10k | €6k | €6k | ▲ 1.9% |
| Other operating charges640/8 | €26k | €3k | €3k | €4k | €4k | ▲ 8.7% |
| Gross operating margin9900 | €44k | €68k | €63k | €56k | €71k | ▲ 26.2% |
| Operating profit (loss)9901 | €-6k | €27k | €17k | €14k | €27k | ▲ 90.4% |
| Financial income75/76B | €1k | €208 | €387 | €68 | €292 | ▲ 332% |
| Recurring financial income75 | €1k | €208 | €387 | €68 | €292 | ▲ 332% |
| Financial charges65/66B | €2k | €3k | €2k | €1k | €1k | ▼ 8.1% |
| Recurring financial charges65 | €2k | €3k | €2k | €1k | €1k | ▼ 17.0% |
| Non-recurring financial charges66B | - | - | - | - | €120 | - |
| Profit (loss) for the period before taxes9903 | €-7k | €24k | €16k | €13k | €26k | ▲ 102% |
| Profit (loss) for the period9904 | €-7k | €24k | €16k | €13k | €26k | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €24k | €16k | €13k | €26k | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395k | €450k | €329k | €378k | €376k | ▼ 0.5% |
| Fixed assets21/28 | €142k | €130k | €122k | €116k | €111k | ▼ 3.9% |
| Intangible fixed assets21 | €10k | €5k | - | - | - | - |
| Tangible fixed assets22/27 | €132k | €126k | €122k | €116k | €111k | ▼ 3.9% |
| Land and buildings22 | €131k | €126k | €122k | €116k | €110k | ▼ 4.8% |
| Plant, machinery and equipment23 | €547 | - | - | - | €1k | - |
| Current assets29/58 | €254k | €320k | €207k | €262k | €265k | ▲ 1.0% |
| Amounts receivable within one year40/41 | €180k | €200k | €68k | €59k | €69k | ▲ 17.4% |
| Trade receivables40 | €57k | €76k | €68k | €59k | €69k | ▲ 16.3% |
| Other amounts receivable41 | €123k | €123k | €42 | €42 | €703 | ▲ 1,578% |
| Current investments50/53 | €2k | €2k | - | - | - | - |
| Cash at bank and in hand54/58 | €25k | €75k | €75k | €107k | €116k | ▲ 9.3% |
| Deferred charges and accrued income490/1 | €47k | €43k | €64k | €96k | €79k | ▼ 18.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395k | €450k | €329k | €378k | €376k | ▼ 0.5% |
| Equity10/15 | €20k | €44k | €60k | €73k | €99k | ▲ 36.0% |
| Contributions10/11 | €120k | €120k | €120k | €120k | €120k | = |
| Revaluation surpluses12 | €73k | €73k | €73k | €73k | €73k | = |
| Profit (loss) carried forward14 | €-173k | €-148k | €-133k | €-120k | €-94k | ▲ 21.8% |
| Amounts payable17/49 | €376k | €406k | €269k | €305k | €277k | ▼ 9.2% |
| Amounts payable after more than one year17 | €31k | €27k | €24k | €20k | €16k | ▼ 19.1% |
| Financial debts170/4 | €31k | €27k | €24k | €20k | €16k | ▼ 19.1% |
| Amounts payable within one year42/48 | €345k | €379k | €245k | €285k | €261k | ▼ 8.5% |
| Current portion of amounts payable after more than one year42 | €3k | €4k | €4k | €4k | €4k | ▲ 2.3% |
| Trade debts44 | €47k | €55k | €50k | €69k | €53k | ▼ 22.9% |
| Suppliers440/4 | €47k | €55k | €50k | €69k | €53k | ▼ 22.9% |
| Advances received on contracts in progress46 | €40k | €65k | €61k | €82k | €74k | ▼ 10.6% |
| Taxes, remuneration and social security45 | €2k | €4k | €5k | €5k | €5k | ▲ 6.7% |
| Taxes450/3 | €226 | €475 | €780 | €580 | €732 | ▲ 26.4% |
| Remuneration and social security454/9 | €2k | €3k | €4k | €4k | €4k | ▲ 3.9% |
| Other amounts payable47/48 | €252k | €251k | €126k | €126k | €126k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €24k | €16k | €13k | €26k | ▲ 102% |
| + Depreciation and write-downs630 | €11k | €11k | €10k | €6k | €6k | ▲ 1.9% |
| Operating cash flow (approximation) | €4k | €36k | €26k | €19k | €32k | ▲ 71.7% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €0 | €-1k | - |
| Change in cash | - | €50k | €-478 | €32k | €10k | ▼ 68.5% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €26k ▲102%
Net result €26k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Meerhout · 1 establishment unit since 1996
Ground area
212 m²
Building footprint
522 m²
Volume, LiDAR
3,527 m³
Parcel 13021A1399/00L002, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
DE KIEZEL
since 19962.074.665.296
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021A1399/00L002 | Flanders | 212 m² | 1 · 522 m² | 11.2 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500ACDKVJMNZ7AV14
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Of 1,438 companies in sector 79110 we hold annual accounts for 881. 755 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
Founded22-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
Scores and ratios are computed by Checked and are not a credit decision.