Summary
K & E is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €409.2m and a net result of €3.3m. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 95% of 2409 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
28 d early
2023
33 d early
2022
6 d early
2021
2 d early
2020
29 d early
2020
5 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 16 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€409.2m▲ 0.8%
2024 · €405.9m
Net result
€3.3m▼ 66.9%
2024 · €10.1m
Total assets
€411.3m▲ 1.2%
2024 · €406.6m
Solvency
99.5%▼ 0.3pp
2024 · 99.8%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.5m▼ 88.9%€1.8m▲ 19.9%€2.0m▲ 12.0%€5.8m▲ 191%€2.9m▼ 49.3%
Operating result€21,183▼ 99.8%-€147,710-€260,698▼ 76.5%€2.7m-€321,109
Net result€3.7m▼ 98.7%€2.9m▼ 22.2%€3.7m▲ 29.5%€10.1m▲ 172%€3.3m▼ 66.9%
Equity€389.2m▲ 1.0%€392.1m▲ 0.7%€395.8m▲ 0.9%€405.9m▲ 2.6%€409.2m▲ 0.8%
Total assets€389.9m▲ 0.8%€394.9m▲ 1.3%€396.2m▲ 0.3%€406.6m▲ 2.6%€411.3m▲ 1.2%
Debt€704,947▼ 51.9%€2.8m▲ 300%€380,625▼ 86.5%€673,637▲ 77.0%€2.1m▲ 205%
Working capital€65.0m▲ 4.1%€81.3m▲ 25.2%€82.1m▲ 0.9%€91.5m▲ 11.4%€71.7m▼ 21.6%
Solvency99.8%▲ 0.2pp99.3%▼ 0.5pp99.9%▲ 0.6pp99.8%▼ 0.1pp99.5%▼ 0.3pp
Staff (FTE)8.3▼ 43.5%9▲ 8.4%11.7▲ 30.0%20.5▲ 75.2%22.9▲ 11.7%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €321,109 after €2.7m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €411.3m
Fixed assets
€337.5m ▲ 7.4%
Current assets
€73.7m ▼ 20.0%
Equity and liabilities €411.3m
Equity
€409.2m ▲ 0.8%
Debt
€2.1m ▲ 205%
Debt's share of the balance-sheet total rises from 0.2% to 0.5%. Equity and debt are higher.
Key figures and ratios
ROE
0.8%▼
2024 · 2.5%
ROA
0.8%▼
2024 · 2.5%
Debt ≤ 1 year
€2.1m▲
2024 · €672,797
Income taxes
€1.4m▲
2024 · €1.1m
Staff costs
€2.2m▲
2024 · €2.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.5m | €1.9m | €1.9m | €5.7m | €3.0m | ▼ 48.0% |
| Turnover70 | €1.5m | €1.8m | €2.0m | €5.8m | €2.9m | ▼ 49.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €36,817 | €122,322 | -€110,628 | -€101,753 | -€5,148 | ▲ 94.9% |
| Other operating income74 | €1,887 | €37,843 | €49,406 | €39,774 | €45,307 | ▲ 13.9% |
| Non-recurring operating income76A | €16,491 | €0 | - | - | - | - |
| Operating charges60/66A | €1.5m | €2.1m | €2.2m | €3.1m | €3.3m | ▲ 7.5% |
| Goods for resale, raw materials and consumables60 | €65,291 | €420,051 | €141,081 | €2,580 | €24,641 | ▲ 855% |
| Purchases600/8 | €65,291 | €420,051 | €141,081 | €2,580 | €24,641 | ▲ 855% |
| Change in stocks: decrease (increase)609 | €0 | - | - | - | - | - |
| Services and other goods61 | €711,405 | €769,991 | €870,307 | €1.0m | €992,558 | ▼ 3.0% |
| Remuneration, social security and pensions62 | €729,835 | €873,442 | €1.1m | €2.0m | €2.2m | ▲ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,877 | €1,862 | €0 | €39,404 | €50,478 | ▲ 28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €15,088 | -€15,088 | - | - |
| Other operating charges640/8 | €3,548 | €18,713 | €37,731 | €39,370 | €38,744 | ▼ 1.6% |
| Operating profit (loss)9901 | €21,183 | -€147,710 | -€260,698 | €2.7m | -€321,109 | ▼ 112% |
| Financial income75/76B | €5.2m | €4.1m | €4.9m | €8.6m | €5.5m | ▼ 35.4% |
| Recurring financial income75 | €4.1m | €4.0m | €4.9m | €8.6m | €5.5m | ▼ 35.4% |
| Income from financial fixed assets750 | €2.7m | €3.4m | €3.6m | €7.0m | €3.8m | ▼ 45.4% |
| Income from current assets751 | €830,644 | €497,514 | €1.2m | €1.4m | €1.5m | ▲ 3.6% |
| Other financial income752/9 | €651,128 | €105,228 | €165,678 | €172,758 | €256,983 | ▲ 48.8% |
| Non-recurring financial income76B | €1.1m | €42,368 | - | - | - | - |
| Financial charges65/66B | €353,428 | €315,399 | €466,243 | €62,627 | €521,482 | ▲ 733% |
| Recurring financial charges65 | €353,428 | €315,399 | €466,243 | €62,627 | €521,482 | ▲ 733% |
| Debt charges650 | €3,219 | €7,373 | €28,440 | €26,098 | €40,122 | ▲ 53.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €106,685 | -€278,048 | €377,850 | -€377,850 | €352,577 | ▲ 193% |
| Other financial charges652/9 | €243,524 | €586,074 | €59,953 | €414,378 | €128,784 | ▼ 68.9% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.9m | €3.6m | €4.2m | €11.2m | €4.7m | ▼ 58.0% |
| Income taxes67/77 | €1.2m | €747,500 | €491,546 | €1.1m | €1.4m | ▲ 27.2% |
| Taxes670/3 | €1.2m | €747,500 | €491,546 | €1.2m | €1.4m | ▲ 15.9% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €103,750 | - | - |
| Profit (loss) for the period9904 | €3.7m | €2.9m | €3.7m | €10.1m | €3.3m | ▼ 66.9% |
| Profit (loss) for the period to be appropriated9905 | €3.7m | €2.9m | €3.7m | €10.1m | €3.3m | ▼ 66.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389.9m | €394.9m | €396.2m | €406.6m | €411.3m | ▲ 1.2% |
| Fixed assets21/28 | €324.3m | €313.4m | €313.7m | €314.4m | €337.5m | ▲ 7.4% |
| Tangible fixed assets22/27 | €1,862 | €0 | - | €212,988 | €162,510 | ▼ 23.7% |
| Plant, machinery and equipment23 | - | - | - | €172,086 | €131,686 | ▼ 23.5% |
| Furniture and vehicles24 | €1,862 | €0 | - | €40,902 | €30,823 | ▼ 24.6% |
| Financial fixed assets28 | €324.3m | €313.4m | €313.7m | €314.2m | €337.4m | ▲ 7.4% |
| Affiliated companies280/1 | €321.0m | €313.4m | €313.7m | €314.2m | €314.8m | ▲ 0.2% |
| Participating interests280 | €315.1m | €311.7m | €312.1m | €312.6m | €313.1m | ▲ 0.2% |
| Amounts receivable281 | €5.9m | €1.6m | €1.6m | €1.6m | €1.7m | ▲ 6.2% |
| Companies linked by participating interests282/3 | €968,795 | €0 | - | - | - | - |
| Participating interests282 | €968,795 | €0 | - | - | - | - |
| Other financial fixed assets284/8 | €2.3m | €0 | - | - | €22.6m | - |
| Shares284 | €2.3m | €0 | - | - | €22.6m | - |
| Current assets29/58 | €65.6m | €81.5m | €82.5m | €92.1m | €73.7m | ▼ 20.0% |
| Amounts receivable after more than one year29 | €7.1m | €8.0m | €11.0m | €23.2m | €9.7m | ▼ 58.1% |
| Other amounts receivable291 | €7.1m | €8.0m | €11.0m | €23.2m | €9.7m | ▼ 58.1% |
| Stocks and contracts in progress3 | €95,208 | €217,529 | €91,813 | €5,148 | - | - |
| Stocks30/36 | €95,208 | €217,529 | €91,813 | €5,148 | - | - |
| Finished goods33 | €95,208 | €217,529 | €91,813 | €5,148 | - | - |
| Goods purchased for resale34 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €17.5m | €25.1m | €2.5m | €4.5m | €3.0m | ▼ 33.2% |
| Trade receivables40 | €400,862 | €380,498 | €283,914 | €710,316 | €758,582 | ▲ 6.8% |
| Other amounts receivable41 | €17.1m | €24.7m | €2.2m | €3.8m | €2.2m | ▼ 40.7% |
| Current investments50/53 | €34.9m | €43.8m | €67.7m | €63.4m | €60.1m | ▼ 5.2% |
| Other investments51/53 | €34.9m | €43.8m | €67.7m | €63.4m | €60.1m | ▼ 5.2% |
| Cash at bank and in hand54/58 | €6.0m | €4.3m | €462,990 | €552,658 | €346,354 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | €76,455 | €143,961 | €768,488 | €441,214 | €533,209 | ▲ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389.9m | €394.9m | €396.2m | €406.6m | €411.3m | ▲ 1.2% |
| Equity10/15 | €389.2m | €392.1m | €395.8m | €405.9m | €409.2m | ▲ 0.8% |
| Contributions10/11 | €23.6m | €23.6m | €23.6m | €23.6m | €23.6m | = |
| Reserves13 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Distributable reserves133 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | €363.5m | €366.3m | €370.1m | €380.2m | €383.5m | ▲ 0.9% |
| Amounts payable17/49 | €704,947 | €2.8m | €380,625 | €673,637 | €2.1m | ▲ 205% |
| Amounts payable after more than one year17 | - | €2.5m | - | - | - | - |
| Financial debts170/4 | - | €2.5m | - | - | - | - |
| Credit institutions173 | - | €2.5m | - | - | - | - |
| Amounts payable within one year42/48 | €624,057 | €189,689 | €379,951 | €672,797 | €2.1m | ▲ 205% |
| Trade debts44 | €118,193 | €100,941 | €55,041 | €101,319 | €59,171 | ▼ 41.6% |
| Suppliers440/4 | €118,193 | €100,941 | €55,041 | €101,319 | €59,171 | ▼ 41.6% |
| Taxes, remuneration and social security45 | €92,159 | €87,758 | €173,034 | €412,457 | €434,885 | ▲ 5.4% |
| Taxes450/3 | €12,766 | €0 | - | €24,449 | - | - |
| Remuneration and social security454/9 | €79,393 | €87,758 | €173,034 | €388,008 | €434,885 | ▲ 12.1% |
| Other amounts payable47/48 | €413,705 | €991 | €151,875 | €159,021 | €1.6m | ▲ 880% |
| Accrued charges and deferred income492/3 | €80,890 | €130,815 | €674 | €840 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.7m | €2.9m | €3.7m | €10.1m | €3.3m | ▼ 66.9% |
| + Depreciation and write-downs630 | €5,877 | €1,862 | €0 | €39,404 | €50,478 | ▲ 28.1% |
| Operating cash flow (approximation) | €3.7m | €2.9m | €3.7m | €10.2m | €3.4m | ▼ 66.6% |
| Investment in fixed assets (approximation) | - | €10.9m | -€314,000 | -€789,832 | -€23.2m | ▼ 2,835% |
| Change in cash | - | -€1.7m | -€3.8m | €89,668 | -€206,303 | ▼ 330% |
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
23-09
State Gazette act
Partner · Incorporation
Legal form clause · Name clause
18-08
State Gazette act
General meeting · Shareholding
Director in office · Other statement
04-08
State Gazette act
General meeting · Demerger
Capital decrease · Incorporation
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €2.9m ▼22.2%
Net result drops to €2.9m, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 429.79
Current ratio from 105.10 to 429.79; short-term debt falls from €624,057 to €189,689.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 105.10
Current ratio from 44.72 to 105.10; short-term debt falls from €1.4m to €624,057.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
31-12
Financial
Highest result since 2019net €275.1m ▲1,957%
Operating result €11.8m, net result €275.1m, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 44.72
Current ratio from 10.34 to 44.72; short-term debt falls from €3.7m to €1.4m.
31-12
Financial
Equity above €250mEq €385.5m ▲332%
2 profitable years in a row build equity to €385.5m.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2014
29-10
State Gazette act
Board meeting · Capital increase
Capital · Statutes amendment
01-07
State Gazette act
General meeting · Director appointment
Permanent representative
15-01
State Gazette act
General meeting · Capital increase
Capital · Statutes amendment
Financial milestoneState Gazette actNBB 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, Sint-Truiden · 1 establishment unit since 2007
Ground area
2.5 ha
Building footprint
9,811 m²
Parcel 71353E0506/00M002, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
-
since 20072.159.198.323
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353E0506/00M002 | Flanders | 2.5 ha | 1 · 9,811 m² | - |
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.
Structure & network
Connections & network
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Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,384 EUR awarded · 1,384 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 447 EUR | 447 EUR |
| 2024 | 1 | 937 EUR | 937 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Truiden2.159.198.323
Legal Entity Identifier
5493002YQC00BC187N37
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Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46852Wholesale trade
64210Activities of holding companies
01610Support activities for crop production
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.