Checked.be
Active
BE 0425.020.445Private limited company
DE KUST
Hoogstraat 21 ·8340 Damme, Belgium· 42 yrs active
Sector: Other cleaning activities
(81230)
Conclusion
DE KUST has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34k and a net result of €24k. Equity is growing by ~45.2% per year across the filed fiscal years. Its solvency ranks better than 55% of 4264 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €34k |
| Net result | €24k |
| Better than sector | 55% |
| Active | 42 yrs |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
83
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1983, 42 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
48
2022
66
2023
94
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.65 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.65 (≥ 1.0)
+5
Leverage
Debt/equity 1.18 (< 2.0)
+3
Profitability
ROE 70% (≥ 10%)
+10
Interest coverage
Interest coverage 47.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~45.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 81, Services to buildings and landscape activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.8% | 41.2% | |
| Net result | €24k | €9k | |
| Equity | €34k | €47k | |
| Gross operating margin | €35k | €47k | |
| Total assets | €74k | €134k |
€34k
+62.4%
22-25
€24k
+78.5%
22-25
€27k
+62.3%
22-25
€74k
+44.7%
22-25
€34k
+34.4%
22-25
€26k
+88.6%
22-25
€6k
+89.8%
22-25
€40k
+54.7%
22-25
€40k
+54.7%
22-25
€1k
-79.6%
22-25
1.65
+7.6%
22-25
1.65
+7.6%
22-25
45.8%
-7.1%
22-25
1.18
+15.1%
22-25
70.0%
+32.8%
22-25
32.1%
+23.3%
22-25
47.81
+110.8%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €34k | €21k | €8k | €4k |
| Net profit | €24k | €13k | €2k | €1k |
| Cash flow | €27k | €17k | €6k | €5k |
| Staff costs | - | - | - | - |
| Income taxes | €6k | €3k | €2k | €63 |
| Dividends | - | - | - | - |
| Total assets | €74k | €51k | €44k | €45k |
| Equity | €34k | €25k | €12k | €9k |
| Debt | €40k | €26k | €32k | €35k |
| of which ≤ 1y | €40k | €26k | €31k | €29k |
| of which > 1y | - | - | €1k | €6k |
| Working capital | €26k | €14k | €-1k | €-254 |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.65 | 1.53 | 0.96 | 0.99 |
| Quick ratio | 1.65 | 1.53 | 0.96 | 0.99 |
| Working capital ratio | 35.3% | 27.1% | -2.9% | -0.6% |
| Solvency | 45.8% | 49.3% | 27.0% | 21.3% |
| Debt / equity | 1.18 | 1.03 | 2.70 | 3.69 |
| Long-term debt ratio | - | - | 0.10 | 0.62 |
| Interest coverage | 47.81 | 22.68 | 7.71 | 4.06 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 32.1% | 26.0% | 5.4% | 3.2% |
| ROE | 70.0% | 52.7% | 20.1% | 15.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €74k | €51k | €44k | €45k |
| Fixed assets | 21/28 | €8k | €11k | €14k | €16k |
| Tangible fixed assets | 22/27 | €8k | €11k | €14k | €16k |
| Current assets | 29/58 | €66k | €40k | €30k | €29k |
| Amounts receivable within one year | 40/41 | €57k | €36k | €28k | €28k |
| Cash & bank | 54/58 | €9k | €3k | €1k | €1k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €74k | €51k | €44k | €45k |
| Equity | 10/15 | €34k | €25k | €12k | €9k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €15k | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | - | €4k | €-10k | €-12k |
| Amounts payable | 17/49 | €40k | €26k | €32k | €35k |
| Amounts payable after one year | 17 | - | - | €1k | €6k |
| Amounts payable within one year | 42/48 | €40k | €26k | €31k | €29k |
| Trade debts payable within one year | 44 | €134 | €878 | €2k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €35k | €22k | €10k | €5k |
| Operating result | 9901 | €30k | €17k | €5k | €1k |
| Financial income | 75 | €52 | €0 | €0 | €1k |
| Financial charges | 65 | €706 | €917 | €1k | €1k |
| Result before taxes | 9903 | €30k | €16k | €4k | €1k |
| Income taxes | 67/77 | €6k | €3k | €2k | €63 |
| Net result for the period | 9904 | €24k | €13k | €2k | €1k |
| Result to be appropriated | 9905 | €24k | €13k | €2k | €1k |
Legal Structure
| NACE primary | Other cleaning activities(81230) |
| Legal form | Private limited company(610) |
| Incorporation | 22-12-1983 |
| Status | Active |
| Postal code | 8340 |
Establishment units
DE KUST
since 19842.023.556.392
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31015B0540/00Z003 | Flanders | 335 m² | 1 · 128 m² | 8.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2022net €24k ▲78.5%
Operating result €30k, net result €24k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Other cleaning activities81230
Names & trade names
| Legal nameNL | DE KUST |
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