KAASHANDEL FORMENT
ActiveSummary
KAASHANDEL FORMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,388 and a net result of €11,982. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 38% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-4
Solvency45▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.57 in 2024; short-term debt: 41.2% and cash: 13% of total assets), and 79.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 · 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
20.1%
Return on assets
3.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €68,388
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 18-07-2026, 13 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
13 d early
2024
66 d early
2023
33 d early
2022
35 d early
2021
2 d late
2020
23 d late
2019
19 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 15 days before 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 29 June (5 of the last 5 filed years within 34 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
Equity
€68,388▲ 21.2%
2024 · €56,406
Total assets
€339,808▼ 1.0%
2024 · €343,327
Net result
€11,982▼ 48.6%
2024 · €23,311
Working capital
-€48,659▲ 12.2%
2024 · -€55,425
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€7,353▼ 39.8%-€18,460€54,636€43,236▼ 20.9%€23,434▼ 45.8%
Net result€1,742within the sector's middle half▼ 64.5%-€22,481below the sector's middle half€43,046above the sector's middle half€23,311above the sector's middle half▼ 45.8%€11,982within the sector's middle half▼ 48.6%
Equity€12,531within the sector's middle half▲ 16.2%-€9,951below the sector's middle half€33,095within the sector's middle half€56,406within the sector's middle half▲ 70.4%€68,388within the sector's middle half▲ 21.2%
Total assets€290,765within the sector's middle half▼ 14.2%€261,328within the sector's middle half▼ 10.1%€284,488within the sector's middle half▲ 8.9%€343,327above the sector's middle half▲ 20.7%€339,808above the sector's middle half▼ 1.0%
Debt€278,235▼ 15.2%€271,279▼ 2.5%€251,393▼ 7.3%€286,921▲ 14.1%€271,420▼ 5.4%
Working capital-€89,834below the sector's middle half▲ 9.4%-€109,427below the sector's middle half▼ 21.8%-€70,894below the sector's middle half▲ 35.2%-€55,425below the sector's middle half▲ 21.8%-€48,659below the sector's middle half▲ 12.2%
Solvency4.3%below the sector's middle half▲ 1.1pp-3.8%below the sector's middle half▼ 8.1pp11.6%within the sector's middle half▲ 15.4pp16.4%within the sector's middle half▲ 4.8pp20.1%within the sector's middle half▲ 3.7pp
Current ratio0.23below the sector's middle half▼ 0.080.18below the sector's middle half▼ 0.050.48below the sector's middle half▲ 0.300.57below the sector's middle half▲ 0.090.65below the sector's middle half▲ 0.08
Return on assets (ROA)0.6%within the sector's middle half▼ 0.8pp-8.6%below the sector's middle half▼ 9.2pp15.1%above the sector's middle half▲ 23.7pp6.8%within the sector's middle half▼ 8.3pp3.5%within the sector's middle half▼ 3.3pp
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.
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 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339,808
Fixed assets
€248,472 ▼ 7.9%
Current assets
€91,336 ▲ 24.1%
Equity and liabilities €339,808
Equity
€68,388 ▲ 21.2%
Debt
€271,420 ▼ 5.4%
Debt's share of the balance-sheet total falls from 83.6% to 79.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,477▼
2024 · €61,840
Cash flow
€38,025▼
2024 · €41,915
Quick ratio
0.50▲
2024 · 0.37
Debt to equity
3.97▼
2024 · 5.09
ROE
17.5%▼
2024 · 41.3%
Interest coverage
6.30▼
2024 · 8.52
Debt ≤ 1 year
€139,994▲
2024 · €129,027
Debt > 1 year
€131,426▼
2024 · €157,894
Income taxes
€3,635▼
2024 · €12,666
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 0.8% 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,697 | €37,722 | €17,695 | €18,604 | €26,043 | ▲ 40.0% |
| Other operating charges640/8 | €2,334 | €2,480 | €2,735 | €2,610 | €2,269 | ▼ 13.1% |
| Gross operating margin9900 | €48,384 | €21,742 | €75,065 | €64,450 | €51,746 | ▼ 19.7% |
| Operating profit (loss)9901 | €7,353 | -€18,460 | €54,636 | €43,236 | €23,434 | ▼ 45.8% |
| Financial income75/76B | €0 | €797 | €1 | €0 | €36 | ▲ 182,000% |
| Recurring financial income75 | €0 | €797 | €1 | €0 | €36 | ▲ 182,000% |
| Financial charges65/66B | €5,476 | €4,577 | €7,424 | €7,259 | €7,854 | ▲ 8.2% |
| Recurring financial charges65 | €5,476 | €4,577 | €7,424 | €7,259 | €7,854 | ▲ 8.2% |
| Profit (loss) for the period before taxes9903 | €1,878 | -€22,240 | €47,212 | €35,977 | €15,617 | ▼ 56.6% |
| Income taxes67/77 | €135 | €242 | €4,166 | €12,666 | €3,635 | ▼ 71.3% |
| Profit (loss) for the period9904 | €1,742 | -€22,481 | €43,046 | €23,311 | €11,982 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €1,742 | -€22,481 | €43,046 | €23,311 | €11,982 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €290,765 | €261,328 | €284,488 | €343,327 | €339,808 | ▼ 1.0% |
| Fixed assets21/28 | €264,367 | €237,854 | €220,159 | €269,724 | €248,472 | ▼ 7.9% |
| Tangible fixed assets22/27 | €264,367 | €237,854 | €220,159 | €269,724 | €248,472 | ▼ 7.9% |
| Land and buildings22 | €238,160 | €234,030 | €218,290 | €241,023 | €222,274 | ▼ 7.8% |
| Plant, machinery and equipment23 | €5,043 | €3,374 | €1,869 | €1,991 | €5,063 | ▲ 154% |
| Furniture and vehicles24 | €1,963 | €450 | - | €26,711 | €21,135 | ▼ 20.9% |
| Leasing and similar rights25 | €19,200 | - | - | - | - | - |
| Current assets29/58 | €26,398 | €23,475 | €64,329 | €73,602 | €91,336 | ▲ 24.1% |
| Stocks and contracts in progress3 | €14,130 | €15,602 | €14,400 | €26,400 | €21,400 | ▼ 18.9% |
| Stocks30/36 | €14,130 | €15,602 | €14,400 | €26,400 | €21,400 | ▼ 18.9% |
| Amounts receivable within one year40/41 | €2,340 | €2,831 | €5,518 | €2,135 | €23,612 | ▲ 1,006% |
| Trade receivables40 | €136 | €977 | €2,063 | €80 | €9,830 | ▲ 12,204% |
| Other amounts receivable41 | €2,204 | €1,853 | €3,455 | €2,055 | €13,782 | ▲ 571% |
| Cash at bank and in hand54/58 | €7,098 | €2,211 | €41,580 | €42,152 | €44,045 | ▲ 4.5% |
| Deferred charges and accrued income490/1 | €2,831 | €2,831 | €2,831 | €2,916 | €2,278 | ▼ 21.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €290,765 | €261,328 | €284,488 | €343,327 | €339,808 | ▼ 1.0% |
| Equity10/15 | €12,531 | -€9,951 | €33,095 | €56,406 | €68,388 | ▲ 21.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€6,069 | -€28,551 | €14,495 | €37,806 | €49,788 | ▲ 31.7% |
| Amounts payable17/49 | €278,235 | €271,279 | €251,393 | €286,921 | €271,420 | ▼ 5.4% |
| Amounts payable after more than one year17 | €162,002 | €138,378 | €116,170 | €157,894 | €131,426 | ▼ 16.8% |
| Financial debts170/4 | €162,002 | €138,378 | €116,170 | €157,894 | €131,426 | ▼ 16.8% |
| Amounts payable within one year42/48 | €116,233 | €132,901 | €135,223 | €129,027 | €139,994 | ▲ 8.5% |
| Current portion of amounts payable after more than one year42 | €21,547 | €22,801 | €23,264 | €28,771 | €31,708 | ▲ 10.2% |
| Financial debts43 | - | - | - | - | €7,037 | - |
| Credit institutions430/8 | - | - | - | - | €7,037 | - |
| Trade debts44 | €10,420 | €25,101 | €23,720 | €38,065 | €56,863 | ▲ 49.4% |
| Suppliers440/4 | €10,420 | €25,101 | €23,720 | €38,065 | €56,863 | ▲ 49.4% |
| Taxes, remuneration and social security45 | €5,522 | €2,987 | €7,761 | €17,378 | €7,105 | ▼ 59.1% |
| Taxes450/3 | €3,472 | €917 | €5,627 | €15,160 | €4,905 | ▼ 67.6% |
| Remuneration and social security454/9 | €2,050 | €2,070 | €2,134 | €2,218 | €2,200 | ▼ 0.8% |
| Other amounts payable47/48 | €78,744 | €82,012 | €80,478 | €44,812 | €37,281 | ▼ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,742 | -€22,481 | €43,046 | €23,311 | €11,982 | ▼ 48.6% |
| + Depreciation and write-downs630 | €38,697 | €37,722 | €17,695 | €18,604 | €26,043 | ▲ 40.0% |
| Operating cash flow (approximation) | €40,440 | €15,241 | €60,741 | €41,915 | €38,025 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | -€11,209 | €0 | -€68,170 | -€4,791 | ▲ 93.0% |
| Change in cash | - | -€4,886 | €39,369 | €572 | €1,893 | ▲ 231% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €43,046
Net result €43,046 after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€22,481
Net result drops to -€22,481, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 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, Hemiksem · 1 establishment unit since 2016
Ground area
440 m²
Building footprint
115 m²
Volume, LiDAR
716 m³
Parcel 11018B0116/00P004, Flanders · tallest building 14.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAASMUISJE
since 20162.253.889.327
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018B0116/00P004 | Flanders | 440 m² | 1 · 115 m² | 14.8 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 siteHemiksem2.253.889.327
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Of 3,823 companies in sector 47210 we hold annual accounts for 965. 793 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
Founded10-06-2016
Fiscal year end31-12
Trade name NL
KAASMUISJE
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
47271Retail trade
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656541530
Also
9925:BE0656541530
Registered
02-04-2025
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.