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KALE

Active
Public limited companyfounded 20232 yrs activeRue Jules des Essarts 2, 6200 Châtelet, BelgiumKBO/BCE: BE 1000.499.570
Summary

The computed 12-month bankruptcy probability of KALE is 1.7% (moderate). The 2024 annual accounts show equity of €53,188 and a net result of €4,459. Its solvency ranks better than 14% of 6537 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability43▲+30
Solvency26▼-1
Growth78
Track record82
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.04 in 2023; short-term debt: 29.3% and cash: 13% of total assets), but 98.9% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 6537 sector peers (2024).
NBB · sector comparison
Position among 6537 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
92 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 82 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

KALE was incorporated on 29 September 2023 as a Public limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4,459
2023 · -€101,271
Working capital
€721,914▲ 829%
2023 · €77,684
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€95,491-€94,686
Net result-€101,271-€4,459
Equity€48,729-€53,188▲ 9.2%
Total assets€2.1m-€4.8m▲ 126%
Debt€2.1m-€4.7m▲ 129%
Working capital€77,684-€721,914▲ 829%
Staff (FTE)24-29.3▲ 22.1%
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€95,491-€95,491Net result 2023: -€101,271-€101,271Operating result 2024: €94,686€94,686Net result 2024: €4,459€4,45920232024-€150,000-€100,000-€50,000€0€50,000€100,000Operating result 2023: -€95,491-€95,500Net result 2023: -€101,271-€101,000Operating result 2024: €94,686€94,700Net result 2024: €4,459€4,46020232024
The operating result returns to profit in 2024: €94,686 after a loss of €95,491 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets €2.6m ▲ 866%
Current assets €2.1m ▲ 15.2%
Equity and liabilities €4.8m
Equity €53,188 ▲ 9.2%
Debt €4.7m ▲ 129%
Debt's share of the balance-sheet total rises from 97.7% to 98.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€312,482▲
2023 · -€85,929
Cash flow
€222,256▲
2023 · -€91,709
Current ratio
1.52▲
2023 · 1.04
Quick ratio
1.14▲
2023 · 0.81
Debt to equity
88.39▲
2023 · 42.21
ROE
8.4%▲
2023 · -207.8%
ROA
0.1%▲
2023 · -4.8%
Interest coverage
2.94▲
2023 · -13.91
Debt ≤ 1 year
€1.4m▼
2023 · €1.8m
Debt > 1 year
€3.1m
Income taxes
€293▲
2023 · €58
Staff costs
€1.3m▲
2023 · €307,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.1% went bankrupt
1.3% stopped otherwise
96% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,513 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 55 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.1m€4.8m▲
Formation expenses20€1,523€40,159▲
Fixed assets21/28€269,180€2.6m▲
Intangible fixed assets21€259,304€205,559▼
Tangible fixed assets22/27€1,309€2.4m▲
Plant, machinery and equipment23€1,309€1.6m▲
Furniture and vehicles24-€17,130
Other tangible fixed assets26-€744,212
Financial fixed assets28€8,567€8,752▲
Current assets29/58€1.8m€2.1m▲
Stocks and contracts in progress3€407,628€523,215▲
Stocks30/36€407,628€523,215▲
Amounts receivable within one year40/41€587,568€919,881▲
Trade receivables40€584,147€844,319▲
Other amounts receivable41€3,421€75,561▲
Cash at bank and in hand54/58€839,634€617,688▼
Deferred charges and accrued income490/1€76€53,743▲
Equity and liabilities
Total equity and liabilities10/49€2.1m€4.8m▲
Equity10/15€48,729€53,188▲
Contributions10/11€150,000€150,000=
Capital10€150,000€150,000=
Issued capital100€150,000€150,000=
Profit (loss) carried forward14-€101,271-€96,812▲
Amounts payable17/49€2.1m€4.7m▲
Amounts payable after more than one year17-€3.1m
Financial debts170/4-€3.1m
Other amounts payable178/9-€3,800
Amounts payable within one year42/48€1.8m€1.4m▼
Current portion of amounts payable after more than one year42-€163,603
Trade debts44€1.7m€1.0m▼
Suppliers440/4€1.7m€1.0m▼
Taxes, remuneration and social security45€88,111€208,351▲
Taxes450/3€12,775€622▼
Remuneration and social security454/9€75,336€207,729▲
Other amounts payable47/48€4,141€709▼
Accrued charges and deferred income492/3€299,659€159,993▼
Income statement Code20232024
Non-recurring operating income76A-€394,659
Remuneration, social security and pensions62€307,467€1.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,563€217,796▲
Other operating charges640/8€2,758€48,069▲
Non-recurring operating charges66A€100€1,300▲
Gross operating margin9900€224,396€1.6m▲
Operating profit (loss)9901-€95,491€94,686▲
Financial income75/76B€454€16,467▲
Recurring financial income75€454€16,467▲
Financial charges65/66B€6,176€106,400▲
Recurring financial charges65€6,176€106,300▲
Non-recurring financial charges66B-€100
Profit (loss) for the period before taxes9903-€101,214€4,753▲
Income taxes67/77€58€293▲
Profit (loss) for the period9904-€101,271€4,459▲
Profit (loss) for the period to be appropriated9905-€101,271€4,459▲
Appropriation of the result
Profit (loss) to be appropriated9906-€101,271-€96,812▲
Profit (loss) brought forward from the previous period14P--€101,271
Social balance
Average headcount (FTE)908724.029.3▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Non-recurring operating income76A-€394,659-
Remuneration, social security and pensions62€307,467€1.3m▲ 317%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,563€217,796▲ 2,178%
Other operating charges640/8€2,758€48,069▲ 1,643%
Non-recurring operating charges66A€100€1,300▲ 1,200%
Gross operating margin9900€224,396€1.6m▲ 633%
Operating profit (loss)9901-€95,491€94,686▲ 199%
Financial income75/76B€454€16,467▲ 3,531%
Recurring financial income75€454€16,467▲ 3,531%
Financial charges65/66B€6,176€106,400▲ 1,623%
Recurring financial charges65€6,176€106,300▲ 1,621%
Non-recurring financial charges66B-€100-
Profit (loss) for the period before taxes9903-€101,214€4,753▲ 105%
Income taxes67/77€58€293▲ 407%
Profit (loss) for the period9904-€101,271€4,459▲ 104%
Profit (loss) for the period to be appropriated9905-€101,271€4,459▲ 104%
Line20232024Change
Assets
Total assets20/58€2.1m€4.8m▲ 126%
Formation expenses20€1,523€40,159▲ 2,537%
Fixed assets21/28€269,180€2.6m▲ 866%
Intangible fixed assets21€259,304€205,559▼ 20.7%
Tangible fixed assets22/27€1,309€2.4m▲ 182,084%
Plant, machinery and equipment23€1,309€1.6m▲ 123,933%
Furniture and vehicles24-€17,130-
Other tangible fixed assets26-€744,212-
Financial fixed assets28€8,567€8,752▲ 2.2%
Current assets29/58€1.8m€2.1m▲ 15.2%
Stocks and contracts in progress3€407,628€523,215▲ 28.4%
Stocks30/36€407,628€523,215▲ 28.4%
Amounts receivable within one year40/41€587,568€919,881▲ 56.6%
Trade receivables40€584,147€844,319▲ 44.5%
Other amounts receivable41€3,421€75,561▲ 2,108%
Cash at bank and in hand54/58€839,634€617,688▼ 26.4%
Deferred charges and accrued income490/1€76€53,743▲ 70,895%
Equity and liabilities
Total equity and liabilities10/49€2.1m€4.8m▲ 126%
Equity10/15€48,729€53,188▲ 9.2%
Contributions10/11€150,000€150,000=
Capital10€150,000€150,000=
Issued capital100€150,000€150,000=
Profit (loss) carried forward14-€101,271-€96,812▲ 4.4%
Amounts payable17/49€2.1m€4.7m▲ 129%
Amounts payable after more than one year17-€3.1m-
Financial debts170/4-€3.1m-
Other amounts payable178/9-€3,800-
Amounts payable within one year42/48€1.8m€1.4m▼ 20.7%
Current portion of amounts payable after more than one year42-€163,603-
Trade debts44€1.7m€1.0m▼ 38.7%
Suppliers440/4€1.7m€1.0m▼ 38.7%
Taxes, remuneration and social security45€88,111€208,351▲ 136%
Taxes450/3€12,775€622▼ 95.1%
Remuneration and social security454/9€75,336€207,729▲ 176%
Other amounts payable47/48€4,141€709▼ 82.9%
Accrued charges and deferred income492/3€299,659€159,993▼ 46.6%
Line20232024Change
Profit (loss) for the period9904-€101,271€4,459▲ 104%
+ Depreciation and write-downs630€9,563€217,796▲ 2,178%
Operating cash flow (approximation)-€91,709€222,256▲ 342%
Investment in fixed assets (approximation)--€2.5m-
Change in cash--€221,946-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
31-12
Financial Back to profitnet €4,459
Net result €4,459 after one loss-making year.
31-10
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Châtelet · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
549 m²
Building footprint
73 m²
Volume, LiDAR
313 m³
Parcel 52013A0441/00F000, Wallonia · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Intermarché Châtelineau
Rue Jules des Essarts 2, 6200 ChâteletSupermarkets
since 20232.350.076.111
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52013A0441/00F000indicative Wallonia 549 m² 1 · 73 m² 6.7 m · 1 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ANA 95.23%
  2. KALE

Highest known parent: ANA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Châtelet2.350.076.111
4 permissions
Toelating · Viswinkel · since 01-12-2023
Toelating · Vleeswinkel · since 01-12-2023
Toelating · Bakkerij · since 16-10-2023
and 1 more

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 4,644 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID 0208:1000499570
Registered 15-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.