KABEL
ActiveSummary
KABEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €524k and a net result of €111k. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 19913 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability63▼-11
Solvency54▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.9 in 2023; short-term debt: 24.3% and cash: 20.8% of total assets), but 71.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 19913 sector peers (2024).
NBB · sector comparisonPosition among 19913 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
119 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€524k▼ 5.1%
2023 · €552k
2018: €196klowest in 7 years
2019: €312k▲ +58.9% vs 2018
2020: €341k▲ +9.4% vs 2019
2021: €415k▲ +21.6% vs 2020
2022: €492k▲ +18.6% vs 2021
2023: €552k▲ +12.3% vs 2022highest in 7 years
2024: €524k▼ -5.1% vs 2023
2018 → 2024
Total assets
€1.82M▲ 29.6%
2023 · €1.41M
2018: €795k
2019: €528k▼ -33.6% vs 2018lowest in 7 years
2020: €569k▲ +7.9% vs 2019
2021: €629k▲ +10.5% vs 2020
2022: €713k▲ +13.4% vs 2021
2023: €1.41M▲ +97.1% vs 2022
2024: €1.82M▲ +29.6% vs 2023highest in 7 years
2018 → 2024
Net result
€111k▲ 83.2%
2023 · €60k
2018: €4klowest in 7 years
2019: €125k▲ +2701% vs 2018highest in 7 years
2020: €29k▼ -76.4% vs 2019
2021: €74k▲ +150% vs 2020
2022: €87k▲ +18.5% vs 2021
2023: €60k▼ -30.7% vs 2022
2024: €111k▲ +83.2% vs 2023
2018 → 2024
Working capital
€476k▲ 22.7%
2023 · €388k
2018: €-201klowest in 7 years
2019: €-26k▲ +86.8% vs 2018
2020: €8k▲ +130% vs 2019
2021: €130k▲ +1515% vs 2020
2022: €213k▲ +64.2% vs 2021
2023: €388k▲ +82.2% vs 2022
2024: €476k▲ +22.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€341k-€415k▲ 21.6%€492k▲ 18.6%€552k▲ 12.3%€524k▼ 5.1%
2020: €341klowest in 5 years
2021: €415k▲ +21.6% vs 2020
2022: €492k▲ +18.6% vs 2021
2023: €552k▲ +12.3% vs 2022highest in 5 years
2024: €524k▼ -5.1% vs 2023
Operating result€46k-€112k▲ 143%€159k▲ 41.9%€84k▼ 47.4%€203k▲ 144%
2020: €46klowest in 5 years
2021: €112k▲ +143% vs 2020
2022: €159k▲ +41.9% vs 2021
2023: €84k▼ -47.4% vs 2022
2024: €203k▲ +144% vs 2023highest in 5 years
Net result€29k-€74k▲ 150%€87k▲ 18.5%€60k▼ 30.7%€111k▲ 83.2%
2020: €29klowest in 5 years
2021: €74k▲ +150% vs 2020
2022: €87k▲ +18.5% vs 2021
2023: €60k▼ -30.7% vs 2022
2024: €111k▲ +83.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 144% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.82M
Fixed assets
€905k ▲ 11.2%
Current assets
€918k ▲ 55.0%
Equity and liabilities €1.82M
Equity
€524k ▼ 5.1%
Debt
€1.30M ▲ 52.1%
Debt's share of the balance-sheet total rises from 60.7% to 71.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€260k▲
2023 · €186k
Cash flow
€168k▲
2023 · €163k
Current ratio
2.08▼
2023 · 2.90
Debt to equity
2.48▲
2023 · 1.55
ROE
21.1%▲
2023 · 10.9%
ROA
6.1%▲
2023 · 4.3%
Interest coverage
4.35▼
2023 · 199.53
Debt ≤ 1 year
€442k▲
2023 · €205k
Debt > 1 year
€833k▲
2023 · €629k
Income taxes
€57k▲
2023 · €31k
Staff costs
€69k▲
2023 · €45k
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 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.41M€1.82M▲
Fixed assets21/28€814k€905k▲
Tangible fixed assets22/27€814k€905k▲
Land and buildings22€797k€852k▲
Plant, machinery and equipment23€4k€174▼
Furniture and vehicles24€2k€43k▲
Other tangible fixed assets26€10k€9k▼
Current assets29/58€592k€918k▲
Amounts receivable within one year40/41€470k€536k▲
Trade receivables40€11k€6k▼
Other amounts receivable41€459k€529k▲
Cash at bank and in hand54/58€118k€378k▲
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.82M▲
Equity10/15€552k€524k▼
Contributions10/11€19k€19k=
Reserves13€352k€324k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€352k€324k▼
Profit (loss) carried forward14€182k€182k=
Amounts payable17/49€854k€1.30M▲
Amounts payable after more than one year17€629k€833k▲
Financial debts170/4€629k€833k▲
Amounts payable within one year42/48€205k€442k▲
Current portion of amounts payable after more than one year42€3k€69k▲
Financial debts43€0€595▲
Credit institutions430/8€0€595▲
Trade debts44€24k€28k▲
Suppliers440/4€24k€28k▲
Taxes, remuneration and social security45€27k€64k▲
Taxes450/3€16k€51k▲
Remuneration and social security454/9€11k€13k▲
Other amounts payable47/48€150k€280k▲
Accrued charges and deferred income492/3€20k€24k▲
Income statement
Code20232024
Remuneration, social security and pensions62€45k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€57k▼
Other operating charges640/8€5k€9k▲
Non-recurring operating charges66A€0€19k▲
Gross operating margin9900€236k€357k▲
Operating profit (loss)9901€84k€203k▲
Financial income75/76B€9k€24k▲
Recurring financial income75€9k€24k▲
Financial charges65/66B€934€60k▲
Recurring financial charges65€934€60k▲
Profit (loss) for the period before taxes9903€92k€168k▲
Income taxes67/77€31k€57k▲
Profit (loss) for the period9904€60k€111k▲
Profit (loss) for the period to be appropriated9905€60k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€242k€293k▲
Profit (loss) brought forward from the previous period14P€182k€182k=
Transfer from equity791/2-€139k
Transfer to equity691/2€60k€111k▲
To other reserves6921€60k€111k▲
Profit to be distributed694/7€0€139k▲
Return on contributions (dividend)694-€139k
Directors or managers695€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €45k | €61k | €45k | €69k | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €37k | €29k | €103k | €57k | ▼ 44.7% |
| Other operating charges640/8 | - | €4k | €5k | €5k | €9k | ▲ 91.4% |
| Non-recurring operating charges66A | - | €276 | €17k | €0 | €19k | - |
| Gross operating margin9900 | €129k | €199k | €271k | €236k | €357k | ▲ 51.5% |
| Operating profit (loss)9901 | €46k | €112k | €159k | €84k | €203k | ▲ 144% |
| Financial income75/76B | - | €15 | €0 | €9k | €24k | ▲ 164% |
| Recurring financial income75 | €17 | €15 | €0 | €9k | €24k | ▲ 164% |
| Financial charges65/66B | - | €1k | €927 | €934 | €60k | ▲ 6,307% |
| Recurring financial charges65 | €571 | €1k | €927 | €934 | €60k | ▲ 6,307% |
| Profit (loss) for the period before taxes9903 | €46k | €111k | €158k | €92k | €168k | ▲ 82.9% |
| Income taxes67/77 | €16k | €37k | €71k | €31k | €57k | ▲ 82.4% |
| Profit (loss) for the period9904 | €29k | €74k | €87k | €60k | €111k | ▲ 83.2% |
| Profit (loss) for the period to be appropriated9905 | €29k | €74k | €87k | €60k | €111k | ▲ 83.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €569k | €629k | €713k | €1.41M | €1.82M | ▲ 29.6% |
| Fixed assets21/28 | €348k | €311k | €291k | €814k | €905k | ▲ 11.2% |
| Tangible fixed assets22/27 | €348k | €311k | €291k | €814k | €905k | ▲ 11.2% |
| Land and buildings22 | - | €292k | €269k | €797k | €852k | ▲ 6.9% |
| Plant, machinery and equipment23 | - | €11k | €7k | €4k | €174 | ▼ 95.3% |
| Furniture and vehicles24 | - | €3k | €4k | €2k | €43k | ▲ 1,744% |
| Other tangible fixed assets26 | - | €5k | €11k | €10k | €9k | ▼ 12.8% |
| Current assets29/58 | €221k | €318k | €422k | €592k | €918k | ▲ 55.0% |
| Amounts receivable within one year40/41 | €23k | €53k | €83k | €470k | €536k | ▲ 14.1% |
| Trade receivables40 | - | €795 | €0 | €11k | €6k | ▼ 40.7% |
| Other amounts receivable41 | - | €53k | €83k | €459k | €529k | ▲ 15.3% |
| Cash at bank and in hand54/58 | €192k | €262k | €338k | €118k | €378k | ▲ 219% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | €4k | €4k | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €569k | €629k | €713k | €1.41M | €1.82M | ▲ 29.6% |
| Equity10/15 | €341k | €415k | €492k | €552k | €524k | ▼ 5.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €141k | €214k | €292k | €352k | €324k | ▼ 8.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €212k | €290k | €352k | €324k | ▼ 8.0% |
| Profit (loss) carried forward14 | €182k | €182k | €182k | €182k | €182k | = |
| Amounts payable17/49 | €228k | €214k | €221k | €854k | €1.30M | ▲ 52.1% |
| Amounts payable after more than one year17 | - | €9k | €6k | €629k | €833k | ▲ 32.4% |
| Financial debts170/4 | - | €9k | €6k | €629k | €833k | ▲ 32.4% |
| Amounts payable within one year42/48 | €213k | €189k | €209k | €205k | €442k | ▲ 116% |
| Current portion of amounts payable after more than one year42 | - | €3k | €3k | €3k | €69k | ▲ 2,096% |
| Financial debts43 | - | - | €1k | €0 | €595 | - |
| Credit institutions430/8 | - | - | €1k | €0 | €595 | - |
| Trade debts44 | €16k | €12k | €25k | €24k | €28k | ▲ 18.5% |
| Suppliers440/4 | - | €12k | €25k | €24k | €28k | ▲ 18.5% |
| Taxes, remuneration and social security45 | - | €18k | €22k | €27k | €64k | ▲ 135% |
| Taxes450/3 | - | €8k | €10k | €16k | €51k | ▲ 213% |
| Remuneration and social security454/9 | - | €9k | €11k | €11k | €13k | ▲ 19.6% |
| Other amounts payable47/48 | - | €156k | €158k | €150k | €280k | ▲ 86.5% |
| Accrued charges and deferred income492/3 | - | €16k | €6k | €20k | €24k | ▲ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €74k | €87k | €60k | €111k | ▲ 83.2% |
| + Depreciation and write-downs630 | €38k | €37k | €29k | €103k | €57k | ▼ 44.7% |
| Operating cash flow (approximation) | €68k | €111k | €116k | €163k | €168k | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €-625k | €-148k | ▲ 76.3% |
| Change in cash | - | €69k | €76k | €-220k | €260k | ▲ 218% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €552k ▲12.3%
6 profitable years in a row build equity to €552k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Highest result since 2018net €125k ▲2,701%
Net result €125k, the highest in the series.
31-12
Financial
Equity above €200kEq €312k ▲58.9%
2 profitable years in a row build equity to €312k.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 122 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, Ganshoren · 1 establishment unit since 2008
Ground area
225 m²
Building footprint
143 m²
Volume, LiDAR
1,651 m³
Parcel 21392B0093/00G008, Brussels · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KABEL
since 20082.172.075.864
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392B0093/00G008 | Brussels | 225 m² | 1 · 143 m² | 17.4 m · 4 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
Legal Entity Identifier
699400C4F71OG3CNK257
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Of 6,944 companies in sector 86230 we hold annual accounts for 4,293. 3,439 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
Founded09-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Scores and ratios are computed by Checked and are not a credit decision.