Jef Caerels
ActiveJef Caerels has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €711k and a net result of €249k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 91% of 12508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent▼ -2 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 11.24 against 4.29 in 2024), and 8.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
91.2%
Return on assets
32%
Age of the figures
11 mo
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
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 25-02-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
63 d early
2023
74 d early
2022
44 d early
2021
80 d early
2020
53 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
08-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€711k▼ 12.9%
2024 · €817k
2018: €563k
2019: €653k
2020: €772k
2021: €782k
2022: €722k
2023: €764k
2024: €817k
2018 → 2025
Total assets
€780k▼ 22.8%
2024 · €1.01M
2018: €717k
2019: €840k
2020: €879k
2021: €914k
2022: €902k
2023: €993k
2024: €1.01M
2018 → 2025
Net result
€249k▲ 62.9%
2024 · €153k
2018: €98k
2019: €93k
2020: €120k
2021: €111k
2022: €101k
2023: €129k
2024: €153k
2018 → 2025
Working capital
€705k▲ 10.7%
2024 · €637k
2018: €314k
2019: €413k
2020: €544k
2021: €563k
2022: €518k
2023: €572k
2024: €637k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€782k-€722k▼ 7.8%€764k▲ 5.9%€817k▲ 6.9%€711k▼ 12.9%
Operating result€169k-€168k▼ 0.3%€199k▲ 18.7%€240k▲ 20.1%€342k▲ 42.9%
Net result€111k-€101k▼ 9.5%€129k▲ 27.6%€153k▲ 18.9%€249k▲ 62.9%
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 43% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €780k
Fixed assets
€6k▼ 96.8%
Current assets
€774k▼ 6.8%
Equity and liabilities €780k
Equity
€711k▼ 12.9%
Debt
€69k▼ 64.4%
The debt ratio falls from 19.2% to 8.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€517k▲
2024 · €257k
Cash flow
€424k▲
2024 · €171k
Solvency
91.2%▲
2024 · 80.8%
Current ratio
11.24▲
2024 · 4.29
Quick ratio
11.24▲
2024 · 4.29
Debt / equity
0.10▼
2024 · 0.24
ROE
35.1%▲
2024 · 18.7%
ROA
32.0%▲
2024 · 15.1%
Interest coverage
330.87▲
2024 · 14.55
Debt
€69k▼
2024 · €194k
Debt ≤ 1 year
€69k▼
2024 · €194k
Income taxes
€113k▲
2024 · €74k
Staff costs
€58k▲
2024 · €56k
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€1.01M€780k▼
Fixed assets21/28€180k€6k▼
Tangible fixed assets22/27€180k€6k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€1k€789▼
Leasing and similar rights25€170k-
Current assets29/58€831k€774k▼
Amounts receivable after more than one year29€350k€270k▼
Other amounts receivable291€350k€270k▼
Amounts receivable within one year40/41€47k€46k▼
Trade receivables40€47k€46k▼
Other amounts receivable41€80€316▲
Current investments50/53€328k€335k▲
Cash at bank and in hand54/58€105k€121k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€1.01M€780k▼
Equity10/15€817k€711k▼
Contributions10/11€12k€12k=
Reserves13€763k€673k▼
Distributable reserves133€763k€673k▼
Profit (loss) carried forward14€26k€25k▼
Investment grants15€15k-
Amounts payable17/49€194k€69k▼
Amounts payable within one year42/48€194k€69k▼
Current portion of amounts payable after more than one year42€17k€10k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€37k€53k▲
Taxes450/3€28k€43k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€136k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€56k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€175k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€5k€4k▼
Gross operating margin9900€318k€581k▲
Operating profit (loss)9901€240k€342k▲
Financial income75/76B€5k€22k▲
Recurring financial income75€5k€22k▲
Financial charges65/66B€18k€2k▼
Recurring financial charges65€18k€2k▼
Profit (loss) for the period before taxes9903€227k€363k▲
Income taxes67/77€74k€113k▲
Profit (loss) for the period9904€153k€249k▲
Profit (loss) for the period to be appropriated9905€153k€249k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€276k▲
Profit (loss) brought forward from the previous period14P€27k€26k▼
Transfer from equity791/2€98k€339k▲
Transfer to equity691/2€153k€249k▲
To other reserves6921€153k€249k▲
Profit to be distributed694/7€99k€340k▲
Return on contributions (dividend)694€99k€340k▲
The notes to these accounts (10 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
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €249k ▲62.9%
Operating result €342k, net result €249k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 11.24
Current ratio from 4.29 to 11.24; short-term debt falls from €194k to €69k.
26-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €93k ▼6%
Net result drops to €93k, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
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 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, Torhout · 1 establishment unit since 2003
Ground area
2,454 m²
Building footprint
366 m²
Volume, LiDAR
1,857 m³
2 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jef Caerels Burgerlijke Vennootschap
since 20032.186.630.814
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523H0942/00M000 | Flanders | 1,488 m² | 1 · 160 m² | 6.2 m · 2 fl. |
| 31523H0943/00E000 | Flanders | 966 m² | 1 · 206 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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Of 12,120 companies in sector 69201 we hold annual accounts for 7,599. 4,986 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-09-2003
Fiscal year end30-09
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.