DR. DE KEYSER
ActiveSummary
DR. DE KEYSER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €430,844 and a net result of €82,224. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 95% of 1288 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 49.86 against 23.27 in 2024; short-term debt: 2% and cash: 70.1% of total assets), and 2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer 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
98%
Return on assets
18.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 d early
2024
on the day
2023
18 d early
2022
5 d early
2021
1 d early
2020
on the day
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€430,844▲ 23.6%
2024 · €348,620
Total assets
€439,561▲ 20.7%
2024 · €364,173
Net result
€82,224▲ 63.9%
2024 · €50,179
Working capital
€425,901▲ 23.0%
2024 · €346,325
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,973▲ 54.9%€43,943▼ 15.5%€44,019▲ 0.2%€70,415▲ 60.0%€119,775▲ 70.1%
Net result€37,141within the sector's middle half€22,212within the sector's middle half▼ 40.2%€30,682within the sector's middle half▲ 38.1%€50,179within the sector's middle half▲ 63.5%€82,224above the sector's middle half▲ 63.9%
Equity€245,547above the sector's middle half▲ 17.8%€267,758above the sector's middle half▲ 9.0%€298,441above the sector's middle half▲ 11.5%€348,620above the sector's middle half▲ 16.8%€430,844above the sector's middle half▲ 23.6%
Total assets€322,176within the sector's middle half▲ 19.4%€303,102within the sector's middle half▼ 5.9%€314,368within the sector's middle half▲ 3.7%€364,173within the sector's middle half▲ 15.8%€439,561within the sector's middle half▲ 20.7%
Debt€76,629▲ 24.6%€35,343▼ 53.9%€15,927▼ 54.9%€15,553▼ 2.3%€8,717▼ 44.0%
Working capital€292,372above the sector's middle half▲ 14.7%€267,690above the sector's middle half▼ 8.4%€295,381above the sector's middle half▲ 10.3%€346,325above the sector's middle half▲ 17.2%€425,901above the sector's middle half▲ 23.0%
Solvency76.2%above the sector's middle half▼ 1.0pp88.3%above the sector's middle half▲ 12.1pp94.9%above the sector's middle half▲ 6.6pp95.7%above the sector's middle half▲ 0.8pp98.0%above the sector's middle half▲ 2.3pp
Current ratio10.81above the sector's middle half▼ 7.578.57above the sector's middle half▼ 2.2419.55above the sector's middle half▲ 10.9723.27above the sector's middle half▲ 3.7249.86above the sector's middle half▲ 26.59
Return on assets (ROA)11.5%within the sector's middle half▲ 16.3pp7.3%within the sector's middle half▼ 4.2pp9.8%within the sector's middle half▲ 2.4pp13.8%within the sector's middle half▲ 4.0pp18.7%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 70% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439,561
Fixed assets
€4,943 ▲ 115%
Current assets
€434,618 ▲ 20.1%
Equity and liabilities €439,561
Equity
€430,844 ▲ 23.6%
Debt
€8,717 ▼ 44.0%
Debt's share of the balance-sheet total falls from 4.3% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€123,952▲
2024 · €71,180
Cash flow
€86,402▲
2024 · €50,944
Quick ratio
49.57▲
2024 · 23.11
Debt to equity
0.02▼
2024 · 0.04
ROE
19.1%▲
2024 · 14.4%
Interest coverage
-296.08▼
2024 · 43.08
Debt ≤ 1 year
€8,717▼
2024 · €15,553
Income taxes
€40,982▲
2024 · €20,371
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,370 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €408 | €136 | €833 | €765 | €4,178 | ▲ 446% |
| Other operating charges640/8 | €6,304 | €2,571 | €2,600 | €1,083 | €1,338 | ▲ 23.5% |
| Gross operating margin9900 | €58,685 | €46,650 | €47,453 | €72,263 | €125,291 | ▲ 73.4% |
| Operating profit (loss)9901 | €51,973 | €43,943 | €44,019 | €70,415 | €119,775 | ▲ 70.1% |
| Financial income75/76B | €899 | - | €1,544 | €1,787 | €3,013 | ▲ 68.6% |
| Recurring financial income75 | €899 | - | €1,544 | €1,787 | €3,013 | ▲ 68.6% |
| Financial charges65/66B | €999 | €3,116 | €1,228 | €1,652 | -€419 | ▼ 125% |
| Recurring financial charges65 | €999 | €3,116 | €1,228 | €1,652 | -€419 | ▼ 125% |
| Profit (loss) for the period before taxes9903 | €51,873 | €40,827 | €44,335 | €70,550 | €123,206 | ▲ 74.6% |
| Income taxes67/77 | €14,732 | €18,616 | €13,652 | €20,371 | €40,982 | ▲ 101% |
| Profit (loss) for the period9904 | €37,141 | €22,212 | €30,682 | €50,179 | €82,224 | ▲ 63.9% |
| Profit (loss) for the period to be appropriated9905 | €37,141 | €22,212 | €30,682 | €50,179 | €82,224 | ▲ 63.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,176 | €303,102 | €314,368 | €364,173 | €439,561 | ▲ 20.7% |
| Fixed assets21/28 | - | €68 | €3,060 | €2,295 | €4,943 | ▲ 115% |
| Tangible fixed assets22/27 | - | €68 | €3,060 | €2,295 | €4,943 | ▲ 115% |
| Furniture and vehicles24 | - | €68 | - | - | €3,413 | - |
| Other tangible fixed assets26 | - | - | €3,060 | €2,295 | €1,530 | ▼ 33.3% |
| Current assets29/58 | €322,176 | €303,034 | €311,308 | €361,878 | €434,618 | ▲ 20.1% |
| Stocks and contracts in progress3 | €4,776 | €3,545 | €2,352 | €2,508 | €2,508 | = |
| Stocks30/36 | €4,776 | €3,545 | €2,352 | €2,508 | €2,508 | = |
| Amounts receivable within one year40/41 | €3,763 | - | €6,134 | €5,404 | €12,988 | ▲ 140% |
| Trade receivables40 | €3,763 | - | - | €5,404 | €12,800 | ▲ 137% |
| Other amounts receivable41 | - | - | €6,134 | - | €189 | - |
| Current investments50/53 | - | €108,108 | €108,108 | €108,108 | €108,108 | = |
| Cash at bank and in hand54/58 | €305,962 | €188,565 | €194,494 | €243,110 | €307,919 | ▲ 26.7% |
| Deferred charges and accrued income490/1 | €7,675 | €2,816 | €220 | €2,748 | €3,095 | ▲ 12.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,176 | €303,102 | €314,368 | €364,173 | €439,561 | ▲ 20.7% |
| Equity10/15 | €245,547 | €267,758 | €298,441 | €348,620 | €430,844 | ▲ 23.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €226,947 | €249,158 | €279,841 | €330,020 | €412,244 | ▲ 24.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €225,087 | €247,298 | €277,981 | €328,160 | €410,384 | ▲ 25.1% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €76,629 | €35,343 | €15,927 | €15,553 | €8,717 | ▼ 44.0% |
| Amounts payable after more than one year17 | €46,825 | - | - | - | - | - |
| Other amounts payable178/9 | €46,825 | - | - | - | - | - |
| Amounts payable within one year42/48 | €29,804 | €35,343 | €15,927 | €15,553 | €8,717 | ▼ 44.0% |
| Current portion of amounts payable after more than one year42 | - | - | €12,000 | - | - | - |
| Trade debts44 | €14,837 | €17,763 | €268 | €1,058 | €1,530 | ▲ 44.6% |
| Suppliers440/4 | €14,837 | €17,763 | €268 | €1,058 | €1,530 | ▲ 44.6% |
| Taxes, remuneration and social security45 | €14,967 | €17,580 | €3,659 | €11,670 | €6,438 | ▼ 44.8% |
| Taxes450/3 | €14,967 | €14,630 | €3,659 | €11,670 | €6,438 | ▼ 44.8% |
| Remuneration and social security454/9 | - | €2,950 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €2,826 | €749 | ▼ 73.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,141 | €22,212 | €30,682 | €50,179 | €82,224 | ▲ 63.9% |
| + Depreciation and write-downs630 | €408 | €136 | €833 | €765 | €4,178 | ▲ 446% |
| Operating cash flow (approximation) | €37,550 | €22,348 | €31,515 | €50,944 | €86,402 | ▲ 69.6% |
| Investment in fixed assets (approximation) | - | - | -€3,825 | €0 | -€6,825 | - |
| Change in cash | - | -€117,398 | €5,930 | €48,616 | €64,809 | ▲ 33.3% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €82,224 ▲63.9%
Operating result €119,775, net result €82,224, both a record.
30-09
Financial
Liquidity doublescurrent ratio 49.86
Current ratio from 23.27 to 49.86; short-term debt falls from €15,553 to €8,717.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 19.55
Current ratio from 8.57 to 19.55; short-term debt falls from €35,343 to €15,927.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €37,141
Net result €37,141 after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€12,764
Net result drops to -€12,764, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-04
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Grimbergen · 1 establishment unit since 2008
Ground area
374 m²
Building footprint
102 m²
Volume, LiDAR
760 m³
Parcel 23402E0266/00P006, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rijkenhoekstraat 13, 1850 Grimbergen
since 20082.296.312.474
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0266/00P006 | Flanders | 374 m² | 1 · 102 m² | 11.6 m · 3 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
2549007FSYDALKGWR871
Similar companies · same sector, comparable size
"D.VANTYGHEM"
BE 0721.452.940
Silly · Eq €430,935
PIET VAN DE VOORDE
BE 0836.916.889
Deinze · Eq €431,037
Dierenartsenpraktijk Dhondt
BE 0769.748.745
Pelt · Eq €430,475
DAP KIRSTEN DRIESEN
BE 0722.820.244
Bilzen-Hoeselt · Eq €429,591
DIERENDOKTER DYMFNA
BE 0563.450.729
Stekene · Eq €432,493
Of 6,090 companies in sector 75000 we hold annual accounts for 1,952. 1,424 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
Founded25-08-2003
Fiscal year end30-09
Activities, NACEBEL 2025
75000Veterinary services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860209658
Also
9925:BE0860209658
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.