Skip to content

KAASBRIK

Active
Public limited companyfounded 198343 yrs activeIndustriepark 1216, 3545 Halen, BelgiumKBO/BCE: BE 0423.910.091
Summary

KAASBRIK has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13.4m and a net result of €2.0m. Equity is growing by ~21.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
KAASBRIKActiveChecked score 70/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46331NACE 51331
#1 employer in Halen, Wholesale and retail trade sector1 site
Size
€74.4mturnover 2024
Staff
43.5 FTE
Equity
€13.4m
Profit
€2.0m
Financial health
70 Healthy Checked score 2024
Bankruptcy chance 12 m
0.7%
Structure
Parent
Milcobel Dairy · 100%
Board
6 members
Holdings
1
Auditor: Eva Van WonterghemAccounts 45 d early
Why 70- Figures for FY 2024 (filed 24-06-2025)- Liquidity: current ratio 1.50, cash €165,948+ Founded in 1983+ Equity €13.4m (58.6% of total assets)Show the evidence

Checked score

Score 2024
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 57% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 84+9
equity 58.6% of total assets
Liquidity 32+6
short-term debt 40.9% · cash 0.7%
Profitability 66-9
return on assets 8.8%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,367 companies)
Last 17 months 06-2025: 0.2% 07-2025: 0.1%▼ -34.5% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -3.7% vs 01-2026lowest value 03-2026: 0.1%▲ +1.5% vs 02-2026 04-2026: 0.1%▲ +2.3% vs 03-2026 05-2026: 0.1%▲ +5.2% vs 04-2026 06-2026: 0.1%▲ +2.8% vs 05-2026 07-2026: 0.1%▲ +2.1% vs 06-2026 08-2026: 0.3%▲ +103% vs 07-2026 09-2026: 0.4%▲ +27.8% vs 08-2026 10-2026: 0.7%▲ +80.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 24-06-2025) raises the probability
  • Liquidity: current ratio 1.50, cash €165,948 raises the probability
  • Founded in 1983 lowers the probability for this profile
  • Equity €13.4m (58.6% of total assets) lowers the probability
Credit up to €900,000 at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.45 in 2023; short-term debt: 40.9% and cash: 0.7% of total assets), and 41.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 68%, liquidity 32%, profitability 54%, growth against the median 73%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 24-06-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.50, cash €165,948
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1983
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €13.4m (58.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 d early
2024
43 d early
2023
35 d early
2022
32 d early
2021
39 d early
2020
39 d late
2019
50 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 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 22 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: ORTEGAL BV (director)Permanent representative: Edith Hamelryckx ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Resignation: MATTUCIE BV (day-to-day manager)Power of attorney

Key points

  • Positive: Employer in Halen, Wholesale and retail trade sectorin the Checked rankings #1 View
  • Board changedlatest change 01-05-2026 · 6 in office 2 joined · 4 left View
  • Caution: Result fell in 2024from €3.5m to €2.0m ▼ 41.6% View
  • Controlled by Milcobel Dairyultimately: FrieslandCampina 100% View
  • Positive: 7 profitable years in a rowprofit 2024: €2.0m 7 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2024
Turnover
€74.4m
Profit
€2.0m
Solvency
58.6%
Turnover▲ 5.2%
Net result
20182024
Go to Financials

Board & ownership

Board
6 members
Parent
Milcobel Dairy · 100%
Auditor
Eva Van Wonterghem
Go to Board & ownership

Network & group

Group
FrieslandCampina
Subsidiaries
1
Connected companies
21
Mergers and contributions
2

1 subsidiary

Go to Network & group

Timeline

Events
42
Since
2008
Next accounts
by 31-07-2027
  1. 18-08-2026Resignation: ORTEGAL BV (director)
  2. 16-06-2026Annual accounts filed
  3. 11-05-2026Resignation: MATTUCIE BV (day-to-day manager)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46331
Founded
31-03-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
De vennootschap heeft tot doel het produceren, verpakken, raspen, snijden of anderszins…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies Which other companies belong to the same group?FrieslandCampina · 9 companies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure