DE KRINKEL
ActiveDE KRINKEL has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €838k and a net result of €19k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 12% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▼-7
Solvency33=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.18 in 2024; short-term debt: 43% and cash: 0.6% of total assets), and 92.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
7.9%
Return on assets
0.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 475 sector peers (2025).
NBB · sector comparisonPosition among 475 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
17 d early
2023
30 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€19k▼ 76.8%
2024 · €84k
2018: €77k
2019: €59k
2020: €29k
2021: €54k
2022: €64k
2023: €60k
2024: €84k
2018 → 2025
Working capital
€-3.69M▲ 1.8%
2024 · €-3.76M
2018: €-563k
2019: €-1.27M
2020: €-1.39M
2021: €-2.24M
2022: €-2.68M
2023: €-3.36M
2024: €-3.76M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€611k-€675k▲ 10.5%€735k▲ 8.9%€818k▲ 11.4%€838k▲ 2.4%
Operating result€113k-€171k▲ 50.8%€233k▲ 36.2%€260k▲ 11.4%€180k▼ 30.5%
Net result€54k-€64k▲ 19.2%€60k▼ 6.7%€84k▲ 40.4%€19k▼ 76.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.64M
Fixed assets
€9.75M▼ 2.2%
Current assets
€889k▲ 9.1%
Equity and liabilities €10.64M
Equity
€838k▲ 2.4%
Debt
€9.80M▼ 1.6%
The debt ratio falls from 92.4% to 92.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€671k▼
2024 · €751k
Cash flow
€510k▼
2024 · €576k
Solvency
7.9%▲
2024 · 7.6%
Current ratio
0.19▲
2024 · 0.18
Quick ratio
0.08▼
2024 · 0.18
Debt / equity
11.70▼
2024 · 12.17
ROE
2.3%▼
2024 · 10.3%
ROA
0.2%▼
2024 · 0.8%
Interest coverage
4.48▼
2024 · 5.24
Debt
€9.80M▼
2024 · €9.96M
Debt ≤ 1 year
€4.58M▲
2024 · €4.57M
Debt > 1 year
€5.22M▼
2024 · €5.38M
Income taxes
€11k▼
2024 · €32k
Staff costs
€223k▲
2024 · €203k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€10.78M€10.64M▼
Fixed assets21/28€9.97M€9.75M▼
Intangible fixed assets21-€8k
Tangible fixed assets22/27€9.96M€9.74M▼
Land and buildings22€8.91M€8.76M▼
Plant, machinery and equipment23€760k€759k▼
Furniture and vehicles24€288k€223k▼
Financial fixed assets28€6k€3k▼
Current assets29/58€815k€889k▲
Stocks and contracts in progress3-€538k
Stocks30/36-€538k
Amounts receivable within one year40/41€652k€260k▼
Trade receivables40€649k€260k▼
Other amounts receivable41€3k€224▼
Cash at bank and in hand54/58€151k€68k▼
Deferred charges and accrued income490/1€12k€22k▲
Equity and liabilities
Total equity and liabilities10/49€10.78M€10.64M▼
Equity10/15€818k€838k▲
Contributions10/11€247k€247k=
Capital10€247k€247k=
Issued capital100€247k€247k=
Reserves13€571k€591k▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€547k€566k▲
Amounts payable17/49€9.96M€9.80M▼
Amounts payable after more than one year17€5.38M€5.22M▼
Financial debts170/4€5.38M€5.22M▼
Amounts payable within one year42/48€4.57M€4.58M▲
Current portion of amounts payable after more than one year42€678k€684k▲
Financial debts43€250k€125k▼
Credit institutions430/8€125k€125k=
Other loans439€125k€0▼
Trade debts44€274k€107k▼
Suppliers440/4€274k€107k▼
Taxes, remuneration and social security45€115k€113k▼
Taxes450/3€90k€83k▼
Remuneration and social security454/9€25k€30k▲
Other amounts payable47/48€3.26M€3.55M▲
Accrued charges and deferred income492/3€5k€6k▲
Income statement
Code20242025
Non-recurring operating income76A€12k€0▼
Remuneration, social security and pensions62€203k€223k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€492k€491k▼
Other operating charges640/8€45k€28k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€1.00M€923k▼
Operating profit (loss)9901€260k€180k▼
Financial income75/76B€4€95▲
Recurring financial income75€4€95▲
Financial charges65/66B€143k€150k▲
Recurring financial charges65€143k€150k▲
Profit (loss) for the period before taxes9903€116k€31k▼
Income taxes67/77€32k€11k▼
Profit (loss) for the period9904€84k€19k▼
Profit (loss) for the period to be appropriated9905€84k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€19k▼
Transfer to equity691/2€84k€19k▼
To other reserves6921€84k€19k▼
Social balance
Average headcount (FTE)90874.54.2▼
The notes to these accounts (35 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €19k ▼76.8%
Net result drops to €19k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €84k ▲40.4%
Operating result €260k, net result €84k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-12
Financial
Equity above €500kEq €528k ▲12.6%
2 profitable years in a row build equity to €528k.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
31-07
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.
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, Zedelgem · 1 establishment unit since 2007
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.
Krinkelweg 98211 ZedelgemGround area
1.1 ha
Building footprint
3,208 m²
Volume, LiDAR
12,016 m³
Parcel 31001A0710/00M000, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DE KRINKEL
since 20072.164.037.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001A0710/00M000 | Flanders | 1.1 ha | 1 · 3,208 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 874 EUR awarded · 874 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 874 EUR | 874 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteZedelgem2.164.037.435
Similar companies · same sector, comparable size
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Nandrin · Eq €848k
FERME DE ROSELIES
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DOBBELS MATHIEU
BE 0460.120.488
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AGRI VERVAEKE
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Dour · Eq €864k
Of 5,168 companies in sector 01110 we hold annual accounts for 612. 443 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-01-2005
Fiscal year end31-12
Activities, NACEBEL
01110Growing of cereals (except rice), leguminous crops and oil seeds
01462Crop and animal production, hunting and related service activities
90021
01410Raising of dairy cattle
01610Support activities for crop production
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.