KAAI 43
ActiveKAAI 43 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €116k. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency51▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.24 in 2024; short-term debt: 12.5% and cash: 4.6% of total assets), and 74.5% 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 68
Relative position
BE, all sectors
reference
Sector 68
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
25.5%
Return on assets
42%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
17 d early
2023
21 d early
2022
6 d early
2021
3 d early
2020
1 d early
2019
14 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 1.0%
2024 · €70k
2018: €89k
2019: €90k
2020: €100k
2021: €69k
2022: €69k
2023: €69k
2024: €70k
2018 → 2025
Total assets
€276k▼ 1.4%
2024 · €280k
2018: €408k
2019: €384k
2020: €372k
2021: €358k
2022: €283k
2023: €332k
2024: €280k
2018 → 2025
Net result
€116k▼ 16.4%
2024 · €138k
2018: €88k
2019: €75k
2020: €96k
2021: €198k
2022: €145k
2023: €206k
2024: €138k
2018 → 2025
Working capital
€-19k▲ 14.2%
2024 · €-22k
2018: €-108k
2019: €6k
2020: €-70k
2021: €37k
2022: €-29k
2023: €15k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€69k-€69k▲ 0.7%€69k▲ 0.6%€70k▲ 0.5%€70k▲ 1.0%
Operating result€208k-€155k▼ 25.6%€214k▲ 38.3%€145k▼ 32.4%€123k▼ 15.2%
Net result€198k-€145k▼ 26.7%€206k▲ 41.9%€138k▼ 33.0%€116k▼ 16.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276k
Fixed assets
€260k▼ 4.8%
Current assets
€16k▲ 133%
Equity and liabilities €276k
Equity
€70k▲ 1.0%
Debt
€205k▼ 2.2%
The debt ratio falls from 75.1% to 74.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€136k▼
2024 · €158k
Cash flow
€129k▼
2024 · €152k
Solvency
25.5%▲
2024 · 24.9%
Current ratio
0.46▲
2024 · 0.24
Quick ratio
0.46▲
2024 · 0.24
Debt / equity
2.92▼
2024 · 3.01
ROE
164.3%▼
2024 · 198.3%
ROA
42.0%▼
2024 · 49.5%
Interest coverage
34.38▼
2024 · 38.33
Debt
€205k▼
2024 · €210k
Debt ≤ 1 year
€35k▲
2024 · €29k
Debt > 1 year
€171k▼
2024 · €181k
Income taxes
€3k▲
2024 · €2k
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€280k€276k▼
Fixed assets21/28€273k€260k▼
Tangible fixed assets22/27€273k€260k▼
Land and buildings22€265k€255k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€7k€16k▲
Amounts receivable within one year40/41€2k€829▼
Trade receivables40€2k€829▼
Other amounts receivable41€38-
Cash at bank and in hand54/58€4k€13k▲
Deferred charges and accrued income490/1€873€2k▲
Equity and liabilities
Total equity and liabilities10/49€280k€276k▼
Equity10/15€70k€70k▲
Contributions10/11€40k€40k=
Reserves13€30k€30k▲
Tax-exempt reserves132€9k€9k=
Distributable reserves133€21k€22k▲
Amounts payable17/49€210k€205k▼
Amounts payable after more than one year17€181k€171k▼
Financial debts170/4€181k€171k▼
Amounts payable within one year42/48€29k€35k▲
Current portion of amounts payable after more than one year42€20k€20k=
Trade debts44€457€3k▲
Suppliers440/4€457€3k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€8k€8k▼
Other amounts payable47/48€203€4k▲
Accrued charges and deferred income492/3€639-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€162k€139k▼
Operating profit (loss)9901€145k€123k▼
Financial income75/76B€49€62▲
Recurring financial income75€49€62▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€141k€119k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€138k€116k▼
Profit (loss) for the period to be appropriated9905€138k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€116k▼
Transfer to equity691/2€325€663▲
To other reserves6921€325€663▲
Profit to be distributed694/7€138k€115k▼
Directors or managers695€138k€115k▼
The notes to these accounts (6 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €206k ▲41.9%
Operating result €214k, net result €206k, both a record.
31-12
Financial
Liquidity times 7current ratio 1.36
Current ratio from 0.21 to 1.36.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 7current ratio 2.73
Current ratio from 0.41 to 2.73; short-term debt falls from €117k to €21k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €100k ▲11.8%
3 profitable years in a row build equity to €100k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €75k ▼14.1%
Net result drops to €75k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.19
Current ratio from 0.24 to 1.19; short-term debt falls from €141k to €32k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Nieuwpoort · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kaai 438620 NieuwpoortGround area
1,105 m²
Building footprint
849 m²
Volume, LiDAR
7,306 m³
Parcel 38016A0031/00L057, Flanders · tallest building 15.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kaai 43
since 20132.223.793.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38016A0031/00L057 | Flanders | 1,105 m² | 1 · 849 m² | 15.6 m · 4 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
vast.goed.
BE 0676.586.480
Antwerpen · Eq €70k
VASTGOED JONCKHEERE
BE 0734.839.435
Tielt · Eq €70k
PEEL &CO
BE 0744.379.384
Kraainem · Eq €70k
ELISSA
BE 0508.701.652
Faimes · Eq €70k
COMMISSARIS IMMO
BE 0449.496.812
Lasne · Eq €71k
Of 11,748 companies in sector 68310 we hold annual accounts for 6,906. 5,073 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2013
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.