Kale Group
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 33 days after the deadline Filed on 2 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00506531.
Annual accounts 2025 filed on 02-09-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 93% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| Average over the year, in full-time equivalents | 0.2 |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €5,262 | €9,352 |
| Financial fixed assets | - | €4,580 |
| Depreciation and write-downs of the year | €799 | €3,250 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €300 | €9,817 | ▲ 33× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €799 | €3,250 | ▲ 307% |
| Other operating charges640/8 | €221 | €957 | ▲ 332% |
| Gross operating margin9900 | €20,874 | €51,814 | ▲ 148% |
| Operating profit (loss)9901 | €19,553 | €37,791 | ▲ 93.3% |
| Financial income75/76B | €952 | €2,286 | ▲ 140% |
| Recurring financial income75 | €952 | €2,286 | ▲ 140% |
| Financial charges65/66B | €2,096 | €2,943 | ▲ 40.4% |
| Recurring financial charges65 | €2,096 | €2,943 | ▲ 40.4% |
| Profit (loss) for the period before taxes9903 | €18,410 | €37,134 | ▲ 102% |
| Income taxes67/77 | €3,707 | €7,957 | ▲ 115% |
| Profit (loss) for the period9904 | €14,703 | €29,177 | ▲ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €14,703 | €29,177 | ▲ 98.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €35,919 | €92,980 | ▲ 159% |
| Fixed assets21/28 | €4,463 | €15,144 | ▲ 239% |
| Tangible fixed assets22/27 | €4,463 | €10,564 | ▲ 137% |
| Plant, machinery and equipment23 | €4,463 | €6,951 | ▲ 55.8% |
| Furniture and vehicles24 | - | €3,613 | - |
| Financial fixed assets28 | - | €4,580 | - |
| Current assets29/58 | €31,456 | €77,836 | ▲ 147% |
| Amounts receivable within one year40/41 | €31,432 | €65,776 | ▲ 109% |
| Trade receivables40 | - | €11,980 | - |
| Other amounts receivable41 | €31,432 | €53,796 | ▲ 71.2% |
| Cash at bank and in hand54/58 | €24 | €12,060 | ▲ 508× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €35,919 | €92,980 | ▲ 159% |
| Equity10/15 | €21,703 | €50,880 | ▲ 134% |
| Contributions10/11 | €7,000 | €7,000 | = |
| Reserves13 | €14,703 | €43,880 | ▲ 198% |
| Distributable reserves133 | €14,703 | €43,880 | ▲ 198% |
| Amounts payable17/49 | €14,216 | €42,100 | ▲ 196% |
| Amounts payable within one year42/48 | €14,216 | €42,100 | ▲ 196% |
| Trade debts44 | €4,669 | €14,936 | ▲ 220% |
| Suppliers440/4 | €4,669 | €14,936 | ▲ 220% |
| Taxes, remuneration and social security45 | €9,547 | €27,164 | ▲ 185% |
| Taxes450/3 | €9,547 | €24,225 | ▲ 154% |
| Remuneration and social security454/9 | - | €2,940 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €14,703 | €29,177 | ▲ 98.4% |
| + Depreciation and write-downs630 | €799 | €3,250 | ▲ 307% |
| Operating cash flow (approximation) | €15,502 | €32,427 | ▲ 109% |
| Investment in fixed assets (approximation) | - | -€13,932 | - |
| Change in cash | - | €12,036 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as Kale Group has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Kale Group itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Kale Group. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.