Financials
- Fiscal year
- 2025
- Total assets
- €139,471
- Profit
- €6,972
- Solvency
- 34.7%
Total assets▲ 97.9%
Net result
20192025
KALE
ActiveSummary
KALE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,329 and a net result of €6,972. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 21069 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Non-specialised retail sale with food, beverages or tobacco predominating
NACE 47110Artisanal bread and fresh pastry making NACE 10712NACE 47112
1 site
Size
€139,471total assets 2025
- Staff
- 1.6 FTE
- Equity
- €48,329
- Profit
- €6,972
Turnover not published (abridged schema)
Structure
Accounts filed 61 d late0 of 2 deeds read
Why 67- Latest accounts 61 days late; 3 of the last 3 late- Size: total assets €139,471- Sector Retail trade (NACE 47)+ Liquidity: current ratio 1.81, cash €51,539Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 60% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
60-24
equity 34.7% of total assets
Liquidity
76-12
short-term debt 42.6% · cash 37.0%
Profitability
56-42
return on assets 5.0%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%▲ +1.4% vs 11-2024
01-2025: 0.4%▼ -1.6% vs 12-2024
02-2025: 0.4%▼ -2.6% vs 01-2025
03-2025: 0.4%▲ +0.7% vs 02-2025
04-2025: 0.4%● 0.0% vs 03-2025
05-2025: 0.7%▲ +56.1% vs 04-2025
06-2025: 0.8%▲ +15.5% vs 05-2025
07-2025: 1.2%▲ +60.8% vs 06-2025highest value
08-2025: 0.4%▼ -63.9% vs 07-2025
09-2025: 0.4%● 0.0% vs 08-2025
10-2025: 0.4%▼ -2.5% vs 09-2025
11-2025: 0.4%● 0.0% vs 10-2025
12-2025: 0.4%▼ -1.2% vs 11-2025
01-2026: 0.4%▲ +3.3% vs 12-2025
02-2026: 0.4%▼ -2.8% vs 01-2026
03-2026: 0.4%▼ -2.4% vs 02-2026lowest value
04-2026: 0.4%▲ +2.7% vs 03-2026
05-2026: 0.7%▲ +59.9% vs 04-2026
06-2026: 0.8%▲ +13.7% vs 05-2026
07-2026: 1.1%▲ +38.5% vs 06-2026
08-2026: 1.1%● 0.0% vs 07-2026
09-2026: 1.1%● 0.0% vs 08-2026
10-2026: 1.1%▼ -1.0% vs 09-2026
- Latest accounts 61 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 1.81, cash €51,539 lowers the probability
- Size: total assets €139,471 raises the probability for this profile
- Sector Retail trade (NACE 47) raises the probability
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 3.13 in 2024; short-term debt: 42.6% and cash: 37% of total assets), but 65.3% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 50%, liquidity 81%, profitability 39%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-06-2026, 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 · 9 filingsDeviation from the deadline
2025
61 d late
2024
61 d late
2023
38 d late
2022
191 d late
2021
204 d late
2020
on the day
2019
365 d late
← 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 131 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 June (4 of the last 5 filed years within 130 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close03-10-2026 today30-04-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €16,664 ▲120%
Key points
By topic
Timeline
- Events
- 12
- Since
- 2018
- Next accounts
- by 30-04-2027
- 30-06-2026Annual accounts filed
- 30-06-2025Annual accounts filed
- 30-09-2024Highest result since 2019
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Non-specialised retail sale with food, beverages or tobacco…NACE 47110
- Founded
- 07-12-2015
- Year ends
- 30-09
- Peppol
- Reachable for e-invoices
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