KA&BE
ActiveSummary
KA&BE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,642 and a net result of €2,884. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 31% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+3
Solvency36▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.93 in 2024; short-term debt: 73.8% and cash: 36.1% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
11.4%
Return on assets
1.9%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
31 d late
2023
19 d early
2022
9 d late
2021
28 d late
2020
30 d late
2019
98 d late
← 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 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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. Usually files around 9 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2,884
2024 · -€929
Working capital
€15,244
2024 · -€7,953
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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€344▼ 99.2%-€2,473€8,551€5,238▼ 38.7%€10,042▲ 91.7%
Net result-€13,913below the sector's middle half-€1,376within the sector's middle half▲ 90.1%€7,079within the sector's middle half-€929within the sector's middle half€2,884within the sector's middle half
Equity€6,883below the sector's middle half▼ 66.9%€8,607within the sector's middle half▲ 25.0%€15,686within the sector's middle half▲ 82.3%€14,758within the sector's middle half▼ 5.9%€17,642within the sector's middle half▲ 19.5%
Total assets€148,647below the sector's middle half▼ 10.7%€125,730within the sector's middle half▼ 15.4%€152,382within the sector's middle half▲ 21.2%€164,164within the sector's middle half▲ 7.7%€154,530within the sector's middle half▼ 5.9%
Debt€141,764▼ 2.7%€117,123▼ 17.4%€136,696▲ 16.7%€149,407▲ 9.3%€136,888▼ 8.4%
Working capital-€22,436below the sector's middle half▲ 35.7%-€16,017below the sector's middle half▲ 28.6%-€24,236below the sector's middle half▼ 51.3%-€7,953within the sector's middle half▲ 67.2%€15,244within the sector's middle half
Solvency4.6%below the sector's middle half▼ 7.9pp6.8%within the sector's middle half▲ 2.2pp10.3%within the sector's middle half▲ 3.4pp9.0%within the sector's middle half▼ 1.3pp11.4%within the sector's middle half▲ 2.4pp
Current ratio0.83below the sector's middle half▲ 0.200.86within the sector's middle half▲ 0.030.74below the sector's middle half▼ 0.120.93within the sector's middle half▲ 0.191.13within the sector's middle half▲ 0.20
Return on assets (ROA)-9.4%below the sector's middle half▼ 28.1pp-1.1%within the sector's middle half▲ 8.3pp4.6%within the sector's middle half▲ 5.7pp-0.6%within the sector's middle half▼ 5.2pp1.9%within the sector's middle half▲ 2.4pp
Staff (FTE)3.7within the sector's middle half▲ 27.6%4.6▲ 24.3%4.4▼ 4.3%4.7▲ 6.8%4.4▼ 6.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €154,530
Fixed assets
€25,250 ▼ 54.5%
Current assets
€129,280 ▲ 19.0%
Equity and liabilities €154,530
Equity
€17,642 ▲ 19.5%
Debt
€136,888 ▼ 8.4%
Debt's share of the balance-sheet total falls from 91.0% to 88.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,323▼
2024 · €40,358
Cash flow
€33,165▼
2024 · €34,192
Quick ratio
1.00▲
2024 · 0.90
Debt to equity
7.76▼
2024 · 10.12
ROE
16.3%▲
2024 · -6.3%
Interest coverage
8.32▼
2024 · 9.22
Debt ≤ 1 year
€114,036▼
2024 · €116,586
Debt > 1 year
€22,852▼
2024 · €32,821
Income taxes
€2,989▲
2024 · €1,794
Staff costs
€176,992▼
2024 · €195,149
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €123,614 | €141,027 | €156,967 | €195,149 | €176,992 | ▼ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,461 | €10,510 | €10,773 | €35,120 | €30,281 | ▼ 13.8% |
| Other operating charges640/8 | €1,870 | €8,548 | €472 | €5,765 | €1,768 | ▼ 69.3% |
| Gross operating margin9900 | €146,289 | €157,612 | €176,763 | €241,272 | €219,083 | ▼ 9.2% |
| Operating profit (loss)9901 | €344 | -€2,473 | €8,551 | €5,238 | €10,042 | ▲ 91.7% |
| Financial income75/76B | €882 | €767 | €0 | €6 | €679 | ▲ 11,070% |
| Recurring financial income75 | €882 | €1 | €0 | €6 | €679 | ▲ 11,070% |
| Non-recurring financial income76B | €882 | €766 | - | - | - | - |
| Financial charges65/66B | €15,139 | €1,286 | €237 | €4,379 | €4,848 | ▲ 10.7% |
| Recurring financial charges65 | €2,339 | €1,286 | €237 | €4,379 | €4,848 | ▲ 10.7% |
| Non-recurring financial charges66B | €12,800 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€13,913 | -€2,992 | €8,314 | €865 | €5,874 | ▲ 579% |
| Income taxes67/77 | - | -€1,615 | €1,235 | €1,794 | €2,989 | ▲ 66.7% |
| Profit (loss) for the period9904 | -€13,913 | -€1,376 | €7,079 | -€929 | €2,884 | ▲ 411% |
| Profit (loss) for the period to be appropriated9905 | -€13,913 | -€1,376 | €7,079 | -€929 | €2,884 | ▲ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,647 | €125,730 | €152,382 | €164,164 | €154,530 | ▼ 5.9% |
| Fixed assets21/28 | €35,134 | €24,624 | €81,851 | €55,531 | €25,250 | ▼ 54.5% |
| Tangible fixed assets22/27 | €34,984 | €24,474 | €81,701 | €55,381 | €25,100 | ▼ 54.7% |
| Plant, machinery and equipment23 | €33,867 | €24,034 | €15,201 | €11,047 | €2,933 | ▼ 73.4% |
| Furniture and vehicles24 | €1,117 | €440 | €66,500 | €44,333 | €22,167 | ▼ 50.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €113,513 | €101,106 | €70,531 | €108,633 | €129,280 | ▲ 19.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €45,675 | - |
| Other amounts receivable291 | - | - | - | - | €45,675 | - |
| Stocks and contracts in progress3 | €17,515 | €20,091 | €12,188 | €4,213 | €15,761 | ▲ 274% |
| Stocks30/36 | €17,515 | €20,091 | €12,188 | €4,213 | €15,761 | ▲ 274% |
| Amounts receivable within one year40/41 | €35,258 | €2,788 | €2,177 | €7,486 | €12,022 | ▲ 60.6% |
| Trade receivables40 | €32,536 | €2,788 | €2,177 | €7,156 | €10,907 | ▲ 52.4% |
| Other amounts receivable41 | €2,722 | - | - | €330 | €1,115 | ▲ 238% |
| Cash at bank and in hand54/58 | €58,740 | €78,135 | €56,166 | €92,934 | €55,822 | ▼ 39.9% |
| Deferred charges and accrued income490/1 | €2,000 | €92 | - | €4,000 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,647 | €125,730 | €152,382 | €164,164 | €154,530 | ▼ 5.9% |
| Equity10/15 | €6,883 | €8,607 | €15,686 | €14,758 | €17,642 | ▲ 19.5% |
| Contributions10/11 | €15,500 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,062 | €6,062 | €6,062 | €6,062 | €6,062 | = |
| Non-distributable reserves130/1 | €6,062 | €6,062 | €6,062 | €6,062 | €6,062 | = |
| Reserves not available under the articles1311 | €6,062 | €6,062 | €6,062 | €6,062 | €6,062 | = |
| Profit (loss) carried forward14 | -€14,679 | -€16,055 | -€8,976 | -€9,904 | -€7,020 | ▲ 29.1% |
| Amounts payable17/49 | €141,764 | €117,123 | €136,696 | €149,407 | €136,888 | ▼ 8.4% |
| Amounts payable after more than one year17 | €5,815 | - | €41,929 | €32,821 | €22,852 | ▼ 30.4% |
| Financial debts170/4 | €5,815 | - | €41,929 | €32,821 | €22,852 | ▼ 30.4% |
| Amounts payable within one year42/48 | €135,949 | €117,123 | €94,767 | €116,586 | €114,036 | ▼ 2.2% |
| Current portion of amounts payable after more than one year42 | €29,321 | €5,815 | €8,322 | €8,063 | €9,969 | ▲ 23.6% |
| Trade debts44 | €79,477 | €97,312 | €58,041 | €78,678 | €76,636 | ▼ 2.6% |
| Suppliers440/4 | €79,477 | €97,312 | €58,041 | €78,678 | €76,636 | ▼ 2.6% |
| Taxes, remuneration and social security45 | €27,151 | €13,996 | €28,405 | €29,845 | €27,432 | ▼ 8.1% |
| Taxes450/3 | €2,383 | €3,319 | €6,517 | €4,226 | €2,996 | ▼ 29.1% |
| Remuneration and social security454/9 | €24,768 | €10,677 | €21,888 | €25,619 | €24,436 | ▼ 4.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,913 | -€1,376 | €7,079 | -€929 | €2,884 | ▲ 411% |
| + Depreciation and write-downs630 | €20,461 | €10,510 | €10,773 | €35,120 | €30,281 | ▼ 13.8% |
| Operating cash flow (approximation) | €6,548 | €9,133 | €17,853 | €34,192 | €33,165 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | €0 | -€68,000 | -€8,800 | €0 | ▲ 100% |
| Change in cash | - | €19,395 | -€21,968 | €36,768 | -€37,113 | ▼ 201% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,884
Net result €2,884 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7,079
Net result €7,079 after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €31,283
Net result €31,283 after 2 loss-making years.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 98 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Agatha-Berchem · 1 establishment unit since 2012
Ground area
278 m²
Building footprint
132 m²
Volume, LiDAR
893 m³
Parcel 21003A0314/00E010, Brussels · tallest building 12.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOUCHERIE MOURAD
since 20122.210.702.254
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0314/00E010 | Brussels | 278 m² | 1 · 132 m² | 12.8 m · 2 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
Food safety, FASFC
1 siteSint-Agatha-Berchem2.210.702.254
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 973 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
Founded04-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847124259
Also
9925:BE0847124259
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.