KALAHARI
ActiveKALAHARI has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €479k and a net result of €133k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-3
Solvency59▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.43 in 2024; short-term debt: 49% and cash: 5.4% of total assets), but 66.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
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
33.9%
Return on assets
9.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-04-2026, 102 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
102 d early
2024
85 d early
2023
134 d early
2022
111 d early
2021
97 d early
2020
127 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€133k▲ 12.3%
2024 · €118k
2018: €94k
2019: €92k
2020: €146k
2021: €150k
2022: €118k
2023: €112k
2024: €118k
2018 → 2025
Working capital
€557k▲ 140%
2024 · €232k
2018: €478k
2019: €324k
2020: €443k
2021: €173k
2022: €86k
2023: €411k
2024: €232k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€248k-€246k▼ 0.7%€228k▼ 7.3%€346k▲ 52.0%€479k▲ 38.4%
Operating result€210k-€170k▼ 18.9%€162k▼ 4.8%€173k▲ 6.9%€191k▲ 10.6%
Net result€150k-€118k▼ 21.3%€112k▼ 5.5%€118k▲ 5.8%€133k▲ 12.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.41M
Fixed assets
€164k▼ 5.5%
Current assets
€1.25M▲ 61.1%
Equity and liabilities €1.41M
Equity
€479k▲ 38.4%
Debt
€935k▲ 55.0%
The debt ratio rises from 63.5% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€201k▲
2024 · €183k
Cash flow
€143k▲
2024 · €128k
Solvency
33.9%▼
2024 · 36.5%
Current ratio
1.80▲
2024 · 1.43
Quick ratio
1.80▲
2024 · 1.43
Debt / equity
1.95▲
2024 · 1.74
ROE
27.7%▼
2024 · 34.2%
ROA
9.4%▼
2024 · 12.5%
Interest coverage
27.23▲
2024 · 20.73
Debt
€935k▲
2024 · €603k
Debt ≤ 1 year
€693k▲
2024 · €544k
Income taxes
€53k▲
2024 · €47k
Staff costs
€200k▼
2024 · €240k
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€950k€1.41M▲
Fixed assets21/28€174k€164k▼
Intangible fixed assets21€315€0▼
Tangible fixed assets22/27€173k€164k▼
Land and buildings22€155k€149k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€15k€14k▼
Financial fixed assets28€648€648=
Current assets29/58€776k€1.25M▲
Amounts receivable within one year40/41€502k€1.01M▲
Trade receivables40€487k€996k▲
Other amounts receivable41€15k€15k▼
Current investments50/53€104k€54k▼
Cash at bank and in hand54/58€9k€77k▲
Deferred charges and accrued income490/1€160k€109k▼
Equity and liabilities
Total equity and liabilities10/49€950k€1.41M▲
Equity10/15€346k€479k▲
Contributions10/11€9k€9k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€2k€2k=
Own shares acquired1312€4k€4k=
Profit (loss) carried forward14€331k€464k▲
Amounts payable17/49€603k€935k▲
Amounts payable within one year42/48€544k€693k▲
Current portion of amounts payable after more than one year42€17k€0▼
Trade debts44€410k€618k▲
Suppliers440/4€409k€618k▲
Bills of exchange payable441€2k-
Taxes, remuneration and social security45€48k€75k▲
Taxes450/3€25k€38k▲
Remuneration and social security454/9€23k€37k▲
Other amounts payable47/48€69k€0▼
Accrued charges and deferred income492/3€59k€242k▲
Income statement
Code20242025
Remuneration, social security and pensions62€240k€200k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A-€3k
Gross operating margin9900€427k€408k▼
Operating profit (loss)9901€173k€191k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€9k€7k▼
Recurring financial charges65€9k€7k▼
Profit (loss) for the period before taxes9903€166k€186k▲
Income taxes67/77€47k€53k▲
Profit (loss) for the period9904€118k€133k▲
Profit (loss) for the period to be appropriated9905€118k€133k▲
Appropriation of the result
Profit (loss) to be appropriated9906€331k€464k▲
Profit (loss) brought forward from the previous period14P€213k€331k▲
Social balance
Average headcount (FTE)90873.73.0▼
The notes to these accounts (14 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
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
11-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €150k ▲3.3%
Operating result €210k, net result €150k, both a record.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €92k ▼1.7%
Net result drops to €92k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Elsene · 1 establishment unit since 2001
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.
Kroonlaan 5561050 ElseneGround area
739 m²
Building footprint
176 m²
Volume, LiDAR
2,283 m³
Parcel 21445C0278/00Y014, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KALAHARI
since 20012.098.521.655
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445C0278/00Y014 | Brussels | 739 m² | 1 · 176 m² | 14.6 m · 4 fl. |
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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NRS for Change
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Of 4,572 companies in sector 82300 we hold annual accounts for 1,671. 984 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2001
Fiscal year end31-12
Activities, NACEBEL
79110Travel agency activities
74401
82300Organisation of conventions and trade shows
70210Activities of head offices; management consultancy activities
73110Advertising agencies
73200Market research and public opinion polling
73300Public relations and communication consultancy
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kalahari.be
E-mail:steve@kalahari.be