KALE
ActiveSummary
KALE has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €8k. Equity is growing by ~44.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency86▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 3.11 in 2023; short-term debt: 38.9% and cash: 13.9% of total assets), and 38.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
61.1%
Return on assets
29.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
22 d early
2022
32 d early
2021
33 d late
2019
15 d early
2018
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 94.5%
2023 · €9k
2018: €-17k
2019: €-17k▼ -4.9% vs 2018lowest value
2021: €127
2022: €127● 0.0% vs 2021
2023: €9k▲ +6623% vs 2022
2024: €17k▲ +94.5% vs 2023highest value
2018 → 2024
Total assets
€27k▲ 116%
2023 · €13k
2018: €211khighest value
2019: €196k▼ -7.3% vs 2018
2021: €3k
2022: €2k▼ -17.4% vs 2021lowest value
2023: €13k▲ +456% vs 2022
2024: €27k▲ +116% vs 2023
2018 → 2024
Net result
€8k▼ 4.1%
2023 · €8k
2018: €1k
2019: €-811▼ -160% vs 2018
2022: €-2klowest value
2023: €8k▲ +517% vs 2022highest value
2024: €8k▼ -4.1% vs 2023
2018 → 2024
Working capital
€17k▲ 94.5%
2023 · €9k
2018: €172khighest value
2019: €170k▼ -1.0% vs 2018
2021: €127lowest value
2022: €127● 0.0% vs 2021lowest value
2023: €9k▲ +6623% vs 2022
2024: €17k▲ +94.5% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€-17k-€127€127=€9k▲ 6,623%€17k▲ 94.5%
2019: €-17klowest value
2021: €127
2022: €127● 0.0% vs 2021
2023: €9k▲ +6623% vs 2022
2024: €17k▲ +94.5% vs 2023highest value
Operating result€-5k-€-2k€11k€15k▲ 43.0%
2019: €-5klowest value
2022: €-2k
2023: €11k▲ +630% vs 2022
2024: €15k▲ +43.0% vs 2023highest value
Net result€-811-€-2k€8k€8k▼ 4.1%
2019: €-811
2022: €-2klowest value
2023: €8k▲ +517% vs 2022highest value
2024: €8k▼ -4.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2024 is 43% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €27k
Equity
€17k ▲ 94.5%
Debt
€11k ▲ 162%
Debt's share of the balance-sheet total rises from 32.2% to 38.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.57▼
2023 · 3.11
Debt to equity
0.64▲
2023 · 0.47
ROE
48.6%▼
2023 · 98.5%
ROA
29.7%▼
2023 · 66.8%
Debt ≤ 1 year
€11k▲
2023 · €4k
Income taxes
€7k▲
2023 · €2k
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 · 29 lines
Balance sheet
Code20232024
Assets
Total assets20/58€13k€27k▲
Current assets29/58€13k€27k▲
Amounts receivable within one year40/41€13k€23k▲
Trade receivables40€12k€23k▲
Other amounts receivable41€491€806▲
Cash at bank and in hand54/58-€4k
Equity and liabilities
Total equity and liabilities10/49€13k€27k▲
Equity10/15€9k€17k▲
Contributions10/11€31k€31k=
Profit (loss) carried forward14€-22k€-14k▲
Amounts payable17/49€4k€11k▲
Amounts payable within one year42/48€4k€11k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€5k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48€70€506▲
Income statement
Code20232024
Other operating charges640/8-€118
Gross operating margin9900€11k€15k▲
Operating profit (loss)9901€11k€15k▲
Financial charges65/66B-€29
Recurring financial charges65-€29
Profit (loss) for the period before taxes9903€11k€15k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€8k€8k▼
Profit (loss) for the period to be appropriated9905€8k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-14k▲
Profit (loss) brought forward from the previous period14P€-31k€-22k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €322 | - | €118 | - |
| Gross operating margin9900 | €-4k | - | €-2k | €11k | €15k | ▲ 44.1% |
| Operating profit (loss)9901 | €-5k | - | €-2k | €11k | €15k | ▲ 43.0% |
| Recurring financial income75 | €10k | - | - | - | - | - |
| Financial charges65/66B | - | - | - | - | €29 | - |
| Recurring financial charges65 | €6k | - | - | - | €29 | - |
| Profit (loss) for the period before taxes9903 | €-811 | - | €-2k | €11k | €15k | ▲ 42.7% |
| Income taxes67/77 | - | - | - | €2k | €7k | ▲ 215% |
| Profit (loss) for the period9904 | €-811 | - | €-2k | €8k | €8k | ▼ 4.1% |
| Profit (loss) for the period to be appropriated9905 | €-811 | - | €-2k | €8k | €8k | ▼ 4.1% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €196k | €3k | €2k | €13k | €27k | ▲ 116% |
| Fixed assets21/28 | €2k | - | - | - | - | - |
| Financial fixed assets28 | €2k | - | - | - | - | - |
| Current assets29/58 | €194k | €3k | €2k | €13k | €27k | ▲ 116% |
| Amounts receivable within one year40/41 | €190k | €675 | €197 | €13k | €23k | ▲ 86.1% |
| Trade receivables40 | - | - | - | €12k | €23k | ▲ 87.0% |
| Other amounts receivable41 | - | €675 | €197 | €491 | €806 | ▲ 64.1% |
| Cash at bank and in hand54/58 | €4k | €2k | €2k | - | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €196k | €3k | €2k | €13k | €27k | ▲ 116% |
| Equity10/15 | €-17k | €127 | €127 | €9k | €17k | ▲ 94.5% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €-48k | €-31k | €-31k | €-22k | €-14k | ▲ 36.0% |
| Amounts payable17/49 | €213k | €3k | €2k | €4k | €11k | ▲ 162% |
| Amounts payable after more than one year17 | €190k | - | - | - | - | - |
| Amounts payable within one year42/48 | €23k | €3k | €2k | €4k | €11k | ▲ 162% |
| Trade debts44 | €457 | - | - | €2k | €2k | ▲ 2.0% |
| Suppliers440/4 | - | - | - | €2k | €2k | ▲ 2.0% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €8k | ▲ 266% |
| Taxes450/3 | - | - | - | €2k | €5k | ▲ 98.5% |
| Remuneration and social security454/9 | - | - | - | - | €4k | - |
| Other amounts payable47/48 | - | €3k | €2k | €70 | €506 | ▲ 621% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-811 | - | €-2k | €8k | €8k | ▼ 4.1% |
| Operating cash flow (approximation) | €-811 | - | €-2k | €8k | €8k | ▼ 4.1% |
| Change in cash | - | - | €0 | - | - | - |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.11
Current ratio from 1.06 to 3.11.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
20-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Leopoldsburg · 1 establishment unit since 1984
Ground area
254 m²
Building footprint
177 m²
Volume, LiDAR
1,762 m³
Parcel 71034A0807/00B000, Flanders · tallest building 13.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Koningsstraat 58, 3970 Leopoldsburg
since 19842.024.162.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71034A0807/00B000 | Flanders | 254 m² | 1 · 177 m² | 13.1 m · 3 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,019 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
Founded01-03-1984
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.