KABERG
ActiveSummary
KABERG has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€78,673) and a net result of €27,980. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+14
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.36 against 0.21 in 2024; short-term debt: 85.4% and cash: 4.4% of total assets), and equity is negative.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 · 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
-50.3%
Return on assets
17.9%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 14258 sector peers (2025).
NBB · sector comparisonPosition among 14258 sector peers
Solvency
better than 7%
← 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 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
1 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 on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€78,673▲ 26.2%
2024 · -€106,653
Total assets
€156,343▲ 11.3%
2024 · €140,456
Net result
€27,980▲ 189%
2024 · €9,669
Working capital
-€85,546▲ 29.1%
2024 · -€120,655
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€99,218-€87,560▲ 11.7%€13,129€10,150▼ 22.7%€28,391▲ 180%
Net result-€100,094below the sector's middle half-€88,180below the sector's middle half▲ 11.9%€12,627within the sector's middle half€9,669within the sector's middle half▼ 23.4%€27,980within the sector's middle half▲ 189%
Equity-€40,770below the sector's middle half-€128,950below the sector's middle half▼ 216%-€116,323below the sector's middle half▲ 9.8%-€106,653below the sector's middle half▲ 8.3%-€78,673below the sector's middle half▲ 26.2%
Total assets€374,797within the sector's middle half▲ 5.6%€110,072below the sector's middle half▼ 70.6%€121,850below the sector's middle half▲ 10.7%€140,456below the sector's middle half▲ 15.3%€156,343within the sector's middle half▲ 11.3%
Debt€415,567▲ 40.5%€239,022▼ 42.5%€238,172▼ 0.4%€247,110▲ 3.8%€235,016▼ 4.9%
Working capital-€26,506within the sector's middle half-€128,853below the sector's middle half▼ 386%-€112,404below the sector's middle half▲ 12.8%-€120,655below the sector's middle half▼ 7.3%-€85,546below the sector's middle half▲ 29.1%
Solvency-10.9%below the sector's middle half▼ 27.6pp-117.2%below the sector's middle half▼ 106.3pp-95.5%below the sector's middle half▲ 21.7pp-75.9%below the sector's middle half▲ 19.5pp-50.3%below the sector's middle half▲ 25.6pp
Current ratio0.92within the sector's middle half▼ 0.350.23below the sector's middle half▼ 0.690.30below the sector's middle half▲ 0.070.21below the sector's middle half▼ 0.090.36below the sector's middle half▲ 0.15
Return on assets (ROA)-26.7%below the sector's middle half▼ 36.3pp-80.1%below the sector's middle half▼ 53.4pp10.4%above the sector's middle half▲ 90.5pp6.9%within the sector's middle half▼ 3.5pp17.9%above the sector's middle half▲ 11.0pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 180% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156,343
Fixed assets
€108,374 =
Current assets
€47,969 ▲ 49.3%
Key figures and ratios
EBITDA
€36,100▲
2024 · €17,532
Cash flow
€35,690▲
2024 · €17,051
Debt to equity
-2.99▼
2024 · -2.32
Interest coverage
87.93▲
2024 · 36.48
Debt ≤ 1 year
€133,514▼
2024 · €152,790
Debt > 1 year
€93,925▼
2024 · €94,319
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,795 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 | €5,224 | €6,344 | €6,288 | €7,382 | €7,709 | ▲ 4.4% |
| Other operating charges640/8 | - | €7,838 | €1,528 | €8,728 | €13,926 | ▲ 59.6% |
| Gross operating margin9900 | -€86,381 | -€73,378 | €20,945 | €26,259 | €50,026 | ▲ 90.5% |
| Operating profit (loss)9901 | -€99,218 | -€87,560 | €13,129 | €10,150 | €28,391 | ▲ 180% |
| Financial income75/76B | - | €1 | €29 | - | - | - |
| Recurring financial income75 | €3 | €1 | €29 | - | - | - |
| Financial charges65/66B | - | €620 | €530 | €481 | €411 | ▼ 14.6% |
| Recurring financial charges65 | €879 | €620 | €530 | €481 | €411 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | -€100,094 | -€88,180 | €12,627 | €9,669 | €27,980 | ▲ 189% |
| Profit (loss) for the period9904 | -€100,094 | -€88,180 | €12,627 | €9,669 | €27,980 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | -€100,094 | -€88,180 | €12,627 | €9,669 | €27,980 | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €374,797 | €110,072 | €121,850 | €140,456 | €156,343 | ▲ 11.3% |
| Fixed assets21/28 | €77,578 | €71,234 | €72,736 | €108,320 | €108,374 | = |
| Tangible fixed assets22/27 | €77,578 | €71,234 | €72,736 | €108,320 | €108,374 | = |
| Land and buildings22 | - | €71,234 | €72,736 | €108,320 | €108,374 | = |
| Current assets29/58 | €297,219 | €38,838 | €49,114 | €32,136 | €47,969 | ▲ 49.3% |
| Stocks and contracts in progress3 | €221,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €52,401 | €33,859 | €42,943 | €13,717 | €39,140 | ▲ 185% |
| Trade receivables40 | - | €32,270 | €41,905 | €12,035 | €30,809 | ▲ 156% |
| Other amounts receivable41 | - | €1,589 | €1,038 | €1,683 | €8,332 | ▲ 395% |
| Cash at bank and in hand54/58 | €23,818 | €4,979 | €6,171 | €18,418 | €6,850 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,979 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €374,797 | €110,072 | €121,850 | €140,456 | €156,343 | ▲ 11.3% |
| Equity10/15 | -€40,770 | -€128,950 | -€116,323 | -€106,653 | -€78,673 | ▲ 26.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €40,724 | €40,724 | €40,724 | €40,724 | €40,724 | = |
| Non-distributable reserves130/1 | - | €1,525 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,525 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €39,199 | €38,864 | €38,864 | €38,864 | = |
| Profit (loss) carried forward14 | -€100,094 | -€188,274 | -€175,647 | -€165,978 | -€137,997 | ▲ 16.9% |
| Amounts payable17/49 | €415,567 | €239,022 | €238,172 | €247,110 | €235,016 | ▼ 4.9% |
| Amounts payable after more than one year17 | €91,842 | €71,331 | €76,654 | €94,319 | €93,925 | ▼ 0.4% |
| Financial debts170/4 | - | €34,500 | €30,000 | €25,500 | €21,000 | ▼ 17.6% |
| Other amounts payable178/9 | - | €36,831 | €46,654 | €68,819 | €72,925 | ▲ 6.0% |
| Amounts payable within one year42/48 | €323,725 | €167,691 | €161,518 | €152,790 | €133,514 | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | - | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Trade debts44 | €318,475 | €163,191 | €157,018 | €148,290 | €129,014 | ▼ 13.0% |
| Suppliers440/4 | - | €163,191 | €157,018 | €148,290 | €129,014 | ▼ 13.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €7,577 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,094 | -€88,180 | €12,627 | €9,669 | €27,980 | ▲ 189% |
| + Depreciation and write-downs630 | €5,224 | €6,344 | €6,288 | €7,382 | €7,709 | ▲ 4.4% |
| Operating cash flow (approximation) | -€94,871 | -€81,836 | €18,916 | €17,051 | €35,690 | ▲ 109% |
| Investment in fixed assets (approximation) | - | €0 | -€7,791 | -€42,966 | -€7,763 | ▲ 81.9% |
| Change in cash | - | -€18,839 | €1,192 | €12,247 | -€11,568 | ▼ 194% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €12,627
Net result €12,627 after 2 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€100,094
Net result drops to -€100,094, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €34,038
Net result €34,038 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
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 2 acts read
About the unread acts
We know of 2 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
2 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, Tienen · 1 establishment unit since 2005
Ground area
3,057 m²
Building footprint
710 m²
Volume, LiDAR
2,145 m³
Parcel 24113C0392/00A000, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BVBA KABERG
since 20052.145.338.013
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24113C0392/00A000 | Flanders | 3,057 m² | 1 · 709 m² | 12.1 m · 1 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 siteTienen2.145.338.013
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 3,568 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 (pre-2019)
Founded28-01-2005
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871690302
Also
9925:BE0871690302
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.