KAARSEN BOUCKAERT
ActiveSummary
KAARSEN BOUCKAERT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €914k and a net result of €305k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 214 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+3
Solvency75▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 2.65 in 2023; short-term debt: 45.4% and cash: 16% of total assets), but 50.2% of the assets are financed with debt.
Credit check for your own amount and term
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 32
Relative position
BE, all sectors
reference
Sector 32
lower
← 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 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
16.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
5 d early
2022
17 d late
2021
54 d early
2020
54 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€914k▼ 26.0%
2023 · €1.23M
2018: €530k
2019: €577k
2020: €764k
2021: €1.14M
2022: €1.22M
2023: €1.23M
2018 → 2024
Total assets
€1.83M▼ 11.5%
2023 · €2.07M
2018: €2.06M
2019: €2.08M
2020: €2.16M
2021: €2.05M
2022: €2.26M
2023: €2.07M
2018 → 2024
Net result
€305k▼ 0.6%
2023 · €306k
2018: €145k
2019: €47k
2020: €188k
2021: €431k
2022: €336k
2023: €306k
2018 → 2024
Working capital
€826k▼ 25.6%
2023 · €1.11M
2018: €406k
2019: €444k
2020: €544k
2021: €1.06M
2022: €1.07M
2023: €1.11M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€764k-€1.14M▲ 49.4%€1.22M▲ 6.7%€1.23M▲ 1.3%€914k▼ 26.0%
Operating result€266k-€589k▲ 121%€363k▼ 38.4%€320k▼ 11.6%€325k▲ 1.4%
Net result€188k-€431k▲ 129%€336k▼ 22.0%€306k▼ 8.8%€305k▼ 0.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.83M
Fixed assets
€176k ▼ 39.0%
Current assets
€1.66M ▼ 7.0%
Equity and liabilities €1.83M
Equity
€914k ▼ 26.0%
Debt
€920k ▲ 9.9%
Debt's share of the balance-sheet total rises from 40.4% to 50.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€447k▼
2023 · €451k
Cash flow
€427k▼
2023 · €437k
Current ratio
1.99▼
2023 · 2.65
Quick ratio
0.96▼
2023 · 1.51
Debt to equity
1.01▲
2023 · 0.68
ROE
33.3%▲
2023 · 24.8%
ROA
16.6%▲
2023 · 14.8%
Interest coverage
37.81▼
2023 · 38.04
Debt ≤ 1 year
€832k▲
2023 · €672k
Debt > 1 year
€88k▼
2023 · €164k
Income taxes
€9k▲
2023 · €6k
Staff costs
€350k▲
2023 · €301k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 62 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.07M€1.83M▼
Fixed assets21/28€289k€176k▼
Intangible fixed assets21€173k€131k▼
Tangible fixed assets22/27€115k€44k▼
Land and buildings22€10k€7k▼
Plant, machinery and equipment23€8k€12k▲
Furniture and vehicles24€31k€25k▼
Leasing and similar rights25€66k€0▼
Other tangible fixed assets26€0-
Financial fixed assets28€602€602=
Current assets29/58€1.78M€1.66M▼
Stocks and contracts in progress3€767k€860k▲
Stocks30/36€767k€860k▲
Amounts receivable within one year40/41€759k€498k▼
Trade receivables40€301k€380k▲
Other amounts receivable41€458k€117k▼
Cash at bank and in hand54/58€252k€293k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€2.07M€1.83M▼
Equity10/15€1.23M€914k▼
Contributions10/11€494k€494k=
Reserves13€740k€420k▼
Distributable reserves133€740k€420k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€837k€920k▲
Amounts payable after more than one year17€164k€88k▼
Financial debts170/4€52k€0▼
Other amounts payable178/9€112k€88k▼
Amounts payable within one year42/48€672k€832k▲
Current portion of amounts payable after more than one year42€93k€76k▼
Financial debts43-€249k
Credit institutions430/8-€249k
Trade debts44€220k€174k▼
Suppliers440/4€220k€174k▼
Taxes, remuneration and social security45€64k€52k▼
Taxes450/3€29k€23k▼
Remuneration and social security454/9€35k€29k▼
Other amounts payable47/48€295k€280k▼
Accrued charges and deferred income492/3€500€500=
Income statement
Code20232024
Remuneration, social security and pensions62€301k€350k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€130k€122k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€0▼
Other operating charges640/8€18k€21k▲
Gross operating margin9900€772k€819k▲
Operating profit (loss)9901€320k€325k▲
Financial income75/76B€3k€123▼
Recurring financial income75€3k€123▼
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€312k€313k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€306k€305k▼
Profit (loss) for the period to be appropriated9905€306k€305k▼
Appropriation of the result
Profit (loss) to be appropriated9906€306k€305k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€350k
Transfer to equity691/2€16k€30k▲
To other reserves6921€16k€30k▲
Profit to be distributed694/7€290k€625k▲
Return on contributions (dividend)694-€350k
Directors or managers695€290k€275k▼
Social balance
Average headcount (FTE)90877.57.5=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-03
State Gazette act
RestructuringPermanent representatives: Louis Olivier and Arnold Vandromme · Merger · Capital10 facts ▸
State Gazette act
Restructuring
Permanent representatives: Louis Olivier and Arnold Vandromme · Merger · Capital10 facts ▸
- Board meeting, 02/03/2026
- Merger, fusie door overneming gelijkgestelde verrichting
- Capital, €63.212,85
- Permanent representative, Louis Olivier
- Permanent representative, Arnold Vandromme
- Capital, €493.703,96
- Accounting effect, 01/10/2025
- Shareholding, 255, 255
- Shareholding, 4200, 4200
- Merger condition, geen naamswijziging, geen zetelverplaatsing, geen voorwerpwijziging
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €431k ▲129%
Operating result €589k, net result €431k, both a record.
31-12
Financial
Equity above €1MEq €1.14M ▲49.4%
4 profitable years in a row build equity to €1.14M.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €47k ▼68%
Net result drops to €47k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anzegem · 1 establishment unit since 2009
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.
Beukenhofstraat 1138570 AnzegemGround area
9,888 m²
Building footprint
2.4 ha
Volume, LiDAR
156,498 m³
Parcel 34038B0402/00Y000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAARSEN BOUCKAERT
since 20092.182.957.284
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34038B0402/00Y000 | Flanders | 9,888 m² | 1 · 2.4 ha | 10.1 m · 2 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.
Articles of association
Purpose
Productie van kaarsen, alsook de commercialisatie ervan, aankoop en verkoop van kaarsen; Het verlenen van bijstand, advies en leiding aan bedrijven...; Het waarnemen van alle…
Full purpose
Productie van kaarsen, alsook de commercialisatie ervan, aankoop en verkoop van kaarsen; Het verlenen van bijstand, advies en leiding aan bedrijven...; Het waarnemen van alle bestuursopdrachten...; Zij kan eveneens optreden als bestuurder...; Het verwerven voor eigen rekening...; Het beheer van een eigen onroerend of eigen roerend vermogen...; Het bevorderen van de oprichting van vennootschappen...; Het kan leningen en kredietopeningen...; Het kan tot waarborg...; Het ontwikkelen, kopen, verkopen...; Het verlenen van administratieve prestaties...; De aan- en verkoop...; Het onderzoek, de ontwikkeling...; Alle verrichtingen van commerciële, industriële...
Structure & network
Acquisitions and mergers
1 transactionMerger with:CAND'LA-DI-DA
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 16-03-2026 ↗
- OVAL CAPITAL BV 4,200 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 16-03-2026 Capital stated in the act · 493,703.96 EUR · 4,200 shares
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 23,005 EUR awarded · 15,212 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 13,691 EUR | 6,191 EUR |
| 2024 | 2 | 5,329 EUR | 5,036 EUR |
| 2023 | 1 | 3,985 EUR | 3,985 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 915 companies in sector 32990 we hold annual accounts for 163. 92 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-11-2009
Fiscal year end31-12
Activities, NACEBEL 2025
32990Other manufacturing not elsewhere classified
46499Wholesale of other household goods
47789Other retail sale of new goods
63920Other information service activities
64210Activities of holding companies
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.