KABEGE
ActiveSummary
KABEGE has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€39,906) and a net result of €47,406. Equity is shrinking by ~43.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.63 in 2024; short-term debt: 187.6% and cash: 21.2% of total assets), and equity is negative.
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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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-87.6%
Return on assets
104%
Age of the figures
15 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 18537 sector peers (2025).
NBB · sector comparisonPosition among 18537 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
9 d early
2023
64 d early
2022
55 d early
2021
56 d early
2020
55 d early
2019
17 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 40 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€39,906▲ 42.5%
2024 · -€69,347
Total assets
€45,573▼ 18.1%
2024 · €55,647
Net result
€47,406
2024 · -€65,377
Working capital
-€40,146▼ 21.3%
2024 · -€33,086
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€66,907€51,317-€42,811-€70,169▼ 63.9%€40,688
Net result-€61,814€52,468-€46,403-€65,377▼ 40.9%€47,406
Equity-€10,035€42,433-€3,970-€69,347▼ 1,647%-€39,906▲ 42.5%
Total assets€507,700▲ 7.1%€509,607▲ 0.4%€343,591▼ 32.6%€55,647▼ 83.8%€45,573▼ 18.1%
Debt€517,735▲ 22.7%€467,174▼ 9.8%€347,561▼ 25.6%€124,993▼ 64.0%€85,479▼ 31.6%
Working capital€43,241€5,472▼ 87.3%-€47,050-€33,086▲ 29.7%-€40,146▼ 21.3%
Staff (FTE)1.8▲ 50.0%4.3▲ 139%4.8▲ 11.6%1.3▼ 72.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €40,688 after a loss of €70,169 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,573
Fixed assets
€240 =
Current assets
€45,333 ▼ 18.2%
Key figures and ratios
Solvency
-87.6%▲
2024 · -124.6%
Current ratio
0.53▼
2024 · 0.63
Debt to equity
-2.14▼
2024 · -1.80
ROA
104.0%▲
2024 · -117.5%
Debt ≤ 1 year
€85,479▼
2024 · €88,492
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 74% 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 3,799 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €39,000 | - | - | €13,235 | - |
| Remuneration, social security and pensions62 | - | €84,450 | €79,611 | €16,979 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,982 | €23,154 | €24,158 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,441 | - | - | - | - |
| Other operating charges640/8 | - | €3,348 | €1,839 | €1,602 | €590 | ▼ 63.2% |
| Gross operating margin9900 | €53,072 | €163,710 | €62,797 | -€51,587 | €41,278 | ▲ 180% |
| Operating profit (loss)9901 | -€66,907 | €51,317 | -€42,811 | -€70,169 | €40,688 | ▲ 158% |
| Financial income75/76B | - | €13,495 | €8,020 | €11,480 | €10,268 | ▼ 10.6% |
| Recurring financial income75 | €18,051 | €13,495 | €8,020 | €11,480 | €10,268 | ▼ 10.6% |
| Financial charges65/66B | - | €11,157 | €11,401 | €6,609 | €3,550 | ▼ 46.3% |
| Recurring financial charges65 | €12,958 | €11,157 | €11,401 | €6,609 | €3,550 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | -€61,814 | €53,656 | -€46,192 | -€65,298 | €47,406 | ▲ 173% |
| Income taxes67/77 | - | €1,187 | €211 | €79 | - | - |
| Profit (loss) for the period9904 | -€61,814 | €52,468 | -€46,403 | -€65,377 | €47,406 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€61,814 | €52,468 | -€46,403 | -€65,377 | €47,406 | ▲ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €507,700 | €509,607 | €343,591 | €55,647 | €45,573 | ▼ 18.1% |
| Fixed assets21/28 | €136,553 | €115,941 | €98,943 | €240 | €240 | = |
| Intangible fixed assets21 | €2,830 | €1,565 | €300 | - | - | - |
| Tangible fixed assets22/27 | €133,483 | €114,136 | €98,403 | €0 | - | - |
| Land and buildings22 | - | €106,880 | €92,805 | - | - | - |
| Plant, machinery and equipment23 | - | €7,256 | €5,598 | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - |
| Financial fixed assets28 | €240 | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €371,147 | €393,666 | €244,648 | €55,407 | €45,333 | ▼ 18.2% |
| Stocks and contracts in progress3 | €195,039 | €221,800 | €150,475 | - | - | - |
| Stocks30/36 | - | €221,800 | €150,475 | - | - | - |
| Amounts receivable within one year40/41 | €36,500 | €25,432 | €53,287 | €46,295 | €35,086 | ▼ 24.2% |
| Trade receivables40 | - | €3,449 | €9,236 | €21,328 | €19,052 | ▼ 10.7% |
| Other amounts receivable41 | - | €21,983 | €44,051 | €24,967 | €16,035 | ▼ 35.8% |
| Cash at bank and in hand54/58 | €117,375 | €142,732 | €37,378 | €6,307 | €9,643 | ▲ 52.9% |
| Deferred charges and accrued income490/1 | - | €3,702 | €3,508 | €2,805 | €603 | ▼ 78.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €507,700 | €509,607 | €343,591 | €55,647 | €45,573 | ▼ 18.1% |
| Equity10/15 | -€10,035 | €42,433 | -€3,970 | -€69,347 | -€39,906 | ▲ 42.5% |
| Contributions10/11 | - | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Reserves13 | €17,965 | €17,965 | €17,965 | €17,965 | - | - |
| Distributable reserves133 | - | €17,965 | €17,965 | €17,965 | - | - |
| Profit (loss) carried forward14 | -€36,060 | €16,408 | -€29,995 | -€95,372 | -€47,966 | ▲ 49.7% |
| Amounts payable17/49 | €517,735 | €467,174 | €347,561 | €124,993 | €85,479 | ▼ 31.6% |
| Amounts payable after more than one year17 | €189,829 | €78,760 | €55,863 | €36,501 | - | - |
| Financial debts170/4 | - | €78,760 | €55,863 | €36,501 | - | - |
| Amounts payable within one year42/48 | €327,906 | €388,194 | €291,698 | €88,492 | €85,479 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | €236,069 | €173,116 | €19,362 | - | - |
| Trade debts44 | €35,757 | €14,881 | €7,815 | €10,762 | €6,710 | ▼ 37.7% |
| Suppliers440/4 | - | €14,881 | €7,815 | €10,762 | €6,710 | ▼ 37.7% |
| Taxes, remuneration and social security45 | - | €19,727 | €16,596 | €190 | €898 | ▲ 373% |
| Taxes450/3 | - | €10,576 | €10,607 | €190 | €898 | ▲ 373% |
| Remuneration and social security454/9 | - | €9,151 | €5,990 | - | - | - |
| Other amounts payable47/48 | - | €117,517 | €94,171 | €58,178 | €77,871 | ▲ 33.8% |
| Accrued charges and deferred income492/3 | - | €221 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,814 | €52,468 | -€46,403 | -€65,377 | €47,406 | ▲ 173% |
| + Depreciation and write-downs630 | €49,982 | €23,154 | €24,158 | - | - | - |
| Operating cash flow (approximation) | -€11,832 | €75,623 | -€22,245 | -€65,377 | €47,406 | ▲ 173% |
| Investment in fixed assets (approximation) | - | -€2,543 | -€7,159 | €98,703 | €0 | ▼ 100% |
| Change in cash | - | €25,356 | -€105,354 | -€31,071 | €3,336 | ▲ 111% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €47,406
Net result €47,406 after 2 loss-making years.
22-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet -€65,377
Net result drops to -€65,377, the lowest in the series; recovery starts the following year.
2023
28-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Back to profitnet €52,468
Net result €52,468 after one loss-making year.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €70,322
Net result €70,322 after one loss-making year.
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Hasselt · 1 establishment unit since 2003
Ground area
677 m²
Building footprint
213 m²
Volume, LiDAR
1,210 m³
Parcel 71327G0090/00E005, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kabege
since 20032.132.835.802
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0090/00E005 | Flanders | 677 m² | 1 · 213 m² | 8.6 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.
Similar companies · same sector, comparable size
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TMC CONSTRUCT
BE 0568.987.647
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APB GROEP
BE 0803.399.530
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Of 1,719 companies in sector 47521 we hold annual accounts for 1,287. 624 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
Founded01-08-2003
Fiscal year end30-06
Activities, NACEBEL 2025
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859899357
Also
9925:BE0859899357
Registered
08-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.