KAKUSHIN
ActiveKAKUSHIN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €65k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 55% of 31616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency86▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.85 in 2024; short-term debt: 31.5% and cash: 6.4% of total assets), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
61.5%
Return on assets
39.8%
Age of the figures
18 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
10 d early
2024
1 d early
2023
5 d early
2022
7 d early
2021
3 d early
2020
30 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€101k▼ 44.4%
2024 · €181k
2019: €4k
2020: €157k
2021: €193k
2022: €114k
2023: €165k
2024: €181k
2019 → 2025
Total assets
€164k▼ 43.6%
2024 · €290k
2019: €28k
2020: €248k
2021: €238k
2022: €348k
2023: €258k
2024: €290k
2019 → 2025
Net result
€65k▼ 12.8%
2024 · €75k
2019: €-8k
2020: €153k
2021: €36k
2022: €71k
2023: €70k
2024: €75k
2019 → 2025
Working capital
€77k▼ 50.0%
2024 · €153k
2019: €2k
2020: €157k
2021: €192k
2022: €94k
2023: €143k
2024: €153k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€193k-€114k▼ 41.0%€165k▲ 45.1%€181k▲ 9.6%€101k▼ 44.4%
Operating result€53k-€98k▲ 84.4%€88k▼ 10.8%€92k▲ 5.0%€81k▼ 12.1%
Net result€36k-€71k▲ 100%€70k▼ 1.4%€75k▲ 6.4%€65k▼ 12.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€35k▼ 34.7%
Current assets
€128k▼ 45.7%
Equity and liabilities €164k
Equity
€101k▼ 44.4%
Debt
€63k▼ 42.4%
The debt ratio rises from 37.7% to 38.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€100k▼
2024 · €110k
Cash flow
€84k▼
2024 · €92k
Solvency
61.5%▼
2024 · 62.3%
Current ratio
2.49▼
2024 · 2.85
Quick ratio
2.49▼
2024 · 2.85
Debt / equity
0.63▲
2024 · 0.60
ROE
64.7%▲
2024 · 41.2%
ROA
39.8%▲
2024 · 25.7%
Interest coverage
193.32▲
2024 · 162.77
Debt
€63k▼
2024 · €109k
Debt ≤ 1 year
€52k▼
2024 · €83k
Debt > 1 year
€11k▼
2024 · €26k
Income taxes
€18k▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€290k€164k▼
Fixed assets21/28€54k€35k▼
Tangible fixed assets22/27€54k€35k▼
Plant, machinery and equipment23€1k€669▼
Furniture and vehicles24€53k€35k▼
Current assets29/58€236k€128k▼
Amounts receivable after more than one year29€93k€93k=
Other amounts receivable291€93k€93k=
Amounts receivable within one year40/41€67k€21k▼
Trade receivables40€36k€19k▼
Other amounts receivable41€30k€2k▼
Cash at bank and in hand54/58€71k€10k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€290k€164k▼
Equity10/15€181k€101k▼
Contributions10/11€19k-
Reserves13€37k€36k▼
Distributable reserves133€37k€36k▼
Profit (loss) carried forward14€125k€65k▼
Amounts payable17/49€109k€63k▼
Amounts payable after more than one year17€26k€11k▼
Financial debts170/4€26k€11k▼
Amounts payable within one year42/48€83k€52k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€124€335▲
Suppliers440/4€124€335▲
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€9k▲
Other amounts payable47/48€59k€27k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€19k▲
Other operating charges640/8€3k€836▼
Gross operating margin9900€113k€101k▼
Operating profit (loss)9901€92k€81k▼
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€673€516▼
Recurring financial charges65€673€516▼
Profit (loss) for the period before taxes9903€94k€83k▼
Income taxes67/77€20k€18k▼
Profit (loss) for the period9904€75k€65k▼
Profit (loss) for the period to be appropriated9905€75k€65k▼
Appropriation of the result
Profit (loss) to be appropriated9906€184k€190k▲
Profit (loss) brought forward from the previous period14P€109k€125k▲
Transfer from equity791/2-€2k
Profit to be distributed694/7€59k€127k▲
Return on contributions (dividend)694€59k€127k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 3.78
Current ratio from 1.54 to 3.78; short-term debt falls from €176k to €51k.
31-03
Financial
Equity above €150kEq €165k ▲45.1%
4 profitable years in a row build equity to €165k.
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €153k
Net result €153k after one loss-making year.
31-03
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.10 to 2.75.
31-03
Financial
Equity above €150kEq €157k ▲3446%
Equity rises from €4k to €157k.
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Berlare · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bunderdreef(B) 129290 BerlareGround area
751 m²
Building footprint
214 m²
Parcel 42003D0314/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
KAKUSHIN
since 20182.276.647.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003D0314/00H000 | Flanders | 751 m² | 1 · 213 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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LSPM Consulting
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MANO TRADING
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 40,598 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2018
Fiscal year end31-03
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.