KAPP GESTION
ActiveKAPP GESTION has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.20M and a net result of €-42k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 70% of 11238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability43▼-38
Solvency92▼-8
Growth48▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.75 against 5.68 in 2024; short-term debt: 25.6% and cash: 1.8% of total assets), and 33.4% 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 · 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
66.6%
Return on assets
-2.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
59 d late
2021
60 d late
2020
88 d late
2019
74 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€395k▲ 14.8%
2023 · €344k
2018: €348k
2019: €319k
2020: €263k
2021: €298k
2022: €326k
2023: €344k
2018 → 2024
EBIT margin
5.6%▲ 0.9pp
2023 · 4.7%
2018: -8.8%
2019: -12.4%
2020: -16.5%
2021: 0.7%
2022: 11.0%
2023: 4.7%
2018 → 2024
Net result
€-42k
2024 · €34k
2018: €11k
2019: €21k
2020: €-52k
2021: €-3k
2022: €31k
2023: €13k
2024: €34k
2018 → 2025
Working capital
€806k▼ 2.1%
2024 · €823k
2018: €810k
2019: €879k
2020: €832k
2021: €880k
2022: €789k
2023: €774k
2024: €823k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€298k-€326k▲ 9.6%€344k▲ 5.4%€395k▲ 14.8%
Equity€1.16M-€1.19M▲ 2.7%€1.20M▲ 1.1%€1.24M▲ 2.8%€1.20M▼ 3.4%
Operating result€2k-€36k▲ 1,747%€16k▼ 55.2%€22k▲ 37.3%€-51k
Net result€-3k-€31k€13k▼ 56.6%€34k▲ 155%€-42k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €51k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.80M
Fixed assets
€532k▲ 4.1%
Current assets
€1.27M▲ 26.7%
Equity and liabilities €1.80M
Equity
€1.20M▼ 3.4%
Provisions
€56k
Debt
€545k▲ 101%
The debt ratio rises from 18.0% to 30.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €88k
Cash flow
€36k▼
2024 · €100k
Solvency
66.6%▼
2024 · 82.0%
Current ratio
2.75▼
2024 · 5.68
Quick ratio
2.75▼
2024 · 5.68
Debt / equity
0.46▲
2024 · 0.22
ROE
-3.5%▼
2024 · 2.8%
ROA
-2.3%▼
2024 · 2.3%
Interest coverage
3.21▼
2024 · 14.13
Debt
€545k▲
2024 · €272k
Debt ≤ 1 year
€460k▲
2024 · €176k
Debt > 1 year
€85k▼
2024 · €95k
Income taxes
€602▼
2024 · €9k
Staff costs
€4k▼
2024 · €4k
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€1.51M€1.80M▲
Fixed assets21/28€511k€532k▲
Tangible fixed assets22/27€403k€425k▲
Land and buildings22€76k€64k▼
Plant, machinery and equipment23€8k€27k▲
Furniture and vehicles24€74k€48k▼
Other tangible fixed assets26€245k€285k▲
Financial fixed assets28€107k€107k=
Current assets29/58€999k€1.27M▲
Amounts receivable within one year40/41€78k€73k▼
Trade receivables40€77k€68k▼
Other amounts receivable41€878€5k▲
Current investments50/53€802k€1.15M▲
Cash at bank and in hand54/58€108k€33k▼
Deferred charges and accrued income490/1€11k€7k▼
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.80M▲
Equity10/15€1.24M€1.20M▼
Contributions10/11€19k€19k=
Reserves13€1.10M€1.10M=
Non-distributable reserves130/1€2k€2k=
Other1319€2k€2k=
Distributable reserves133€1.10M€1.10M=
Profit (loss) carried forward14€117k€76k▼
Provisions and deferred taxes16-€56k
Provisions for liabilities and charges160/5-€56k
Taxes161-€56k
Amounts payable17/49€272k€545k▲
Amounts payable after more than one year17€95k€85k▼
Financial debts170/4€68k€58k▼
Other amounts payable178/9€26k€26k=
Amounts payable within one year42/48€176k€460k▲
Current portion of amounts payable after more than one year42€54k€85k▲
Trade debts44€31k€9k▼
Suppliers440/4€31k€9k▼
Taxes, remuneration and social security45€14k€19k▲
Taxes450/3€14k€19k▲
Remuneration and social security454/9-€328
Other amounts payable47/48€77k€347k▲
Accrued charges and deferred income492/3€969€230▼
Income statement
Code20242025
Turnover70€395k-
Goods, raw materials, services and sundry goods60/61€257k-
Remuneration, social security and pensions62€4k€4k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€66k€78k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€-324▼
Other operating charges640/8€17k€21k▲
Non-recurring operating charges66A€25k€56k▲
Gross operating margin9900€137k€107k▼
Operating profit (loss)9901€22k€-51k▼
Financial income75/76B€27k€18k▼
Recurring financial income75€27k€18k▼
Financial charges65/66B€6k€8k▲
Recurring financial charges65€6k€8k▲
Profit (loss) for the period before taxes9903€43k€-41k▼
Income taxes67/77€9k€602▼
Profit (loss) for the period9904€34k€-42k▼
Profit (loss) for the period to be appropriated9905€34k€-42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€117k€76k▼
Profit (loss) brought forward from the previous period14P€83k€117k▲
The notes to these accounts (9 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲155%
Net result €34k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
31-12
Financial
Back to profitnet €31k
Net result €31k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
31-12
Financial
Weakest financial yearnet €-52k ▼343%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 74 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 17 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mons · 1 establishment unit since 1979
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.
Chaussée du Roeulx 1184/37021 MonsGround area
3,180 m²
Building footprint
1,614 m²
Volume, LiDAR
11,239 m³
2 parcels, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Brasserie Kapp
since 19792.016.424.815
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53038D0437/00V003 | Wallonia | 2,974 m² | 1 · 1,407 m² | 9.1 m · 2 fl. |
| 53038B0409/00M000 | Wallonia | 205 m² | 1 · 207 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,582 companies in sector 46349 we hold annual accounts for 987. 566 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-1979
Fiscal year end31-12
Activities, NACEBEL
46349Wholesale of beverages, general range
51340
47252Retail sale of beverages, general range
52250Logistics services
Sources
Crossroads Bank for EnterprisesNational Bank · 46 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.