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 €524,177 and a net result of €110,720. Equity is growing by ~16.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 19917 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 €35,000 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.
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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 19917 sector peers (2024).
NBB · sector comparisonPosition among 19917 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€524,177▼ 5.1%
2023 · €552,369
Total assets
€1.8m▲ 29.6%
2023 · €1.4m
Net result
€110,720▲ 83.2%
2023 · €60,441
Working capital
€475,838▲ 22.7%
2023 · €387,891
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
Line20202021202220232024
Operating result€46,106▼ 73.9%€111,896▲ 143%€158,781▲ 41.9%€83,505▼ 47.4%€203,416▲ 144%
Net result€29,411▼ 76.4%€73,562▲ 150%€87,176▲ 18.5%€60,441▼ 30.7%€110,720▲ 83.2%
Equity€341,190▲ 9.4%€414,752▲ 21.6%€491,928▲ 18.6%€552,369▲ 12.3%€524,177▼ 5.1%
Total assets€569,356▲ 7.9%€629,167▲ 10.5%€713,172▲ 13.4%€1.4m▲ 97.1%€1.8m▲ 29.6%
Debt€228,166▲ 5.6%€214,414▼ 6.0%€221,244▲ 3.2%€853,583▲ 286%€1.3m▲ 52.1%
Working capital€8,025€129,596▲ 1,515%€212,845▲ 64.2%€387,891▲ 82.2%€475,838▲ 22.7%
Staff (FTE)
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 €1.8m
Fixed assets
€904,622 ▲ 11.2%
Current assets
€918,078 ▲ 55.0%
Equity and liabilities €1.8m
Equity
€524,177 ▼ 5.1%
Debt
€1.3m ▲ 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
€260,340▲
2023 · €186,355
Cash flow
€167,644▲
2023 · €163,290
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
€442,239▲
2023 · €204,523
Debt > 1 year
€832,597▲
2023 · €628,620
Income taxes
€57,204▲
2023 · €31,358
Staff costs
€68,977▲
2023 · €44,844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €45,335 | €61,137 | €44,844 | €68,977 | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,455 | €37,399 | €28,774 | €102,850 | €56,925 | ▼ 44.7% |
| Other operating charges640/8 | - | €3,943 | €4,962 | €4,693 | €8,981 | ▲ 91.4% |
| Non-recurring operating charges66A | - | €276 | €16,977 | €0 | €19,000 | - |
| Gross operating margin9900 | €129,277 | €198,849 | €270,630 | €235,892 | €357,298 | ▲ 51.5% |
| Operating profit (loss)9901 | €46,106 | €111,896 | €158,781 | €83,505 | €203,416 | ▲ 144% |
| Financial income75/76B | - | €15 | €0 | €9,227 | €24,347 | ▲ 164% |
| Recurring financial income75 | €17 | €15 | €0 | €9,227 | €24,347 | ▲ 164% |
| Financial charges65/66B | - | €1,117 | €927 | €934 | €59,839 | ▲ 6,307% |
| Recurring financial charges65 | €571 | €1,117 | €927 | €934 | €59,839 | ▲ 6,307% |
| Profit (loss) for the period before taxes9903 | €45,552 | €110,794 | €157,854 | €91,798 | €167,924 | ▲ 82.9% |
| Income taxes67/77 | €16,141 | €37,232 | €70,678 | €31,358 | €57,204 | ▲ 82.4% |
| Profit (loss) for the period9904 | €29,411 | €73,562 | €87,176 | €60,441 | €110,720 | ▲ 83.2% |
| Profit (loss) for the period to be appropriated9905 | €29,411 | €73,562 | €87,176 | €60,441 | €110,720 | ▲ 83.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €569,356 | €629,167 | €713,172 | €1.4m | €1.8m | ▲ 29.6% |
| Fixed assets21/28 | €348,403 | €311,004 | €291,056 | €813,539 | €904,622 | ▲ 11.2% |
| Tangible fixed assets22/27 | €348,403 | €311,004 | €291,056 | €813,539 | €904,622 | ▲ 11.2% |
| Land and buildings22 | - | €291,937 | €268,538 | €797,351 | €852,191 | ▲ 6.9% |
| Plant, machinery and equipment23 | - | €10,875 | €7,308 | €3,741 | €174 | ▼ 95.3% |
| Furniture and vehicles24 | - | €2,839 | €3,827 | €2,357 | €43,462 | ▲ 1,744% |
| Other tangible fixed assets26 | - | €5,352 | €11,383 | €10,089 | €8,795 | ▼ 12.8% |
| Current assets29/58 | €220,953 | €318,163 | €422,116 | €592,413 | €918,078 | ▲ 55.0% |
| Amounts receivable within one year40/41 | €23,396 | €53,295 | €82,806 | €469,551 | €535,580 | ▲ 14.1% |
| Trade receivables40 | - | €795 | €0 | €10,765 | €6,384 | ▼ 40.7% |
| Other amounts receivable41 | - | €52,500 | €82,806 | €458,786 | €529,195 | ▲ 15.3% |
| Cash at bank and in hand54/58 | €192,462 | €261,597 | €337,991 | €118,426 | €378,346 | ▲ 219% |
| Deferred charges and accrued income490/1 | - | €3,271 | €1,319 | €4,436 | €4,152 | ▼ 6.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €569,356 | €629,167 | €713,172 | €1.4m | €1.8m | ▲ 29.6% |
| Equity10/15 | €341,190 | €414,752 | €491,928 | €552,369 | €524,177 | ▼ 5.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €140,771 | €214,333 | €291,509 | €351,950 | €323,758 | ▼ 8.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €212,473 | €289,649 | €351,950 | €323,758 | ▼ 8.0% |
| Profit (loss) carried forward14 | €181,819 | €181,819 | €181,819 | €181,819 | €181,819 | = |
| Amounts payable17/49 | €228,166 | €214,414 | €221,244 | €853,583 | €1.3m | ▲ 52.1% |
| Amounts payable after more than one year17 | - | €9,435 | €6,338 | €628,620 | €832,597 | ▲ 32.4% |
| Financial debts170/4 | - | €9,435 | €6,338 | €628,620 | €832,597 | ▲ 32.4% |
| Amounts payable within one year42/48 | €212,928 | €188,567 | €209,271 | €204,523 | €442,239 | ▲ 116% |
| Current portion of amounts payable after more than one year42 | - | €3,050 | €3,097 | €3,145 | €69,077 | ▲ 2,096% |
| Financial debts43 | - | - | €1,025 | €0 | €595 | - |
| Credit institutions430/8 | - | - | €1,025 | €0 | €595 | - |
| Trade debts44 | €15,646 | €11,527 | €25,036 | €23,961 | €28,393 | ▲ 18.5% |
| Suppliers440/4 | - | €11,527 | €25,036 | €23,961 | €28,393 | ▲ 18.5% |
| Taxes, remuneration and social security45 | - | €17,643 | €21,649 | €27,302 | €64,179 | ▲ 135% |
| Taxes450/3 | - | €8,282 | €10,385 | €16,275 | €50,987 | ▲ 213% |
| Remuneration and social security454/9 | - | €9,360 | €11,264 | €11,027 | €13,192 | ▲ 19.6% |
| Other amounts payable47/48 | - | €156,348 | €158,465 | €150,115 | €279,996 | ▲ 86.5% |
| Accrued charges and deferred income492/3 | - | €16,412 | €5,635 | €20,441 | €23,686 | ▲ 15.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,411 | €73,562 | €87,176 | €60,441 | €110,720 | ▲ 83.2% |
| + Depreciation and write-downs630 | €38,455 | €37,399 | €28,774 | €102,850 | €56,925 | ▼ 44.7% |
| Operating cash flow (approximation) | €67,866 | €110,961 | €115,950 | €163,290 | €167,644 | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | -€8,826 | -€625,333 | -€148,008 | ▲ 76.3% |
| Change in cash | - | €69,135 | €76,394 | -€219,565 | €259,920 | ▲ 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 €500,000Eq €552,369 ▲12.3%
6 profitable years in a row build equity to €552,369.
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 €124,521 ▲2,701%
Net result €124,521, the highest in the series.
31-12
Financial
Equity above €200,000Eq €311,779 ▲58.9%
2 profitable years in a row build equity to €311,779.
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 6,945 companies in sector 86230 we hold annual accounts for 4,294. 3,440 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891356754
Also
9925:BE0891356754
Registered
23-09-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.