Summary
Kashold is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €2.6m and a net result of €19,488. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 5565 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
21 d early
2023
187 d early
2022
60 d early
2021
62 d early
2020
58 d early
2019
57 d early
← 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 66 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.6m▲ 0.7%
2024 · €2.6m
Net result
€19,488▲ 57.2%
2024 · €12,394
Total assets
€5.1m▲ 0.1%
2024 · €5.1m
Solvency
51.6%▲ 0.3pp
2024 · 51.3%
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
Line20212022202320242025
Turnover€134,400▼ 9.7%€124,000▼ 7.7%€127,825▲ 3.1%
Operating result-€3,811-€720▲ 81.1%€31,605€22,090▼ 30.1%€32,872▲ 48.8%
Net result-€2.6m€332,491€1.6m▲ 379%€12,394▼ 99.2%€19,488▲ 57.2%
Equity€3.3m▼ 43.9%€3.0m▼ 8.1%€2.6m▼ 15.1%€2.6m▲ 0.5%€2.6m▲ 0.7%
Total assets€5.1m▼ 35.9%€4.5m▼ 10.9%€5.0m▲ 11.1%€5.1m▲ 0.8%€5.1m▲ 0.1%
Debt€1.8m▼ 12.3%€1.5m▼ 16.3%€2.4m▲ 64.9%€2.5m▲ 1.2%€2.5m▼ 0.6%
Working capital-€1.7m▲ 6.9%-€1.4m▲ 18.1%-€1.4m▲ 2.1%-€1.4m▲ 1.2%-€1.3m▲ 0.9%
Solvency65.2%▼ 9.4pp67.3%▲ 2.1pp51.4%▼ 15.8pp51.3%▼ 0.2pp51.6%▲ 0.3pp
Staff (FTE)1.7▲ 70.0%1▼ 41.2%1=1=1=
Why a figure moved sharply
- 2024 Net result -99% on 2023. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.0m ▲ 0.8%
Current assets
€1.1m ▼ 2.6%
Equity and liabilities €5.1m
Equity
€2.6m ▲ 0.7%
Debt
€2.5m ▼ 0.6%
Debt's share of the balance-sheet total falls from 48.7% to 48.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
0.7%▲
2024 · 0.5%
ROA
0.4%▲
2024 · 0.2%
Debt ≤ 1 year
€2.4m▼
2024 · €2.5m
Debt > 1 year
€25,145
Income taxes
€7,321▲
2024 · €3,462
Staff costs
€90,666▲
2024 · €87,243
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €136,226 | €126,106 | €146,020 | - | - | - |
| Turnover70 | €134,400 | €124,000 | €127,825 | - | - | - |
| Other operating income74 | €1,826 | €2,106 | €18,195 | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €8,200 | - |
| Operating charges60/66A | €140,036 | €126,826 | €114,415 | - | - | - |
| Goods for resale, raw materials and consumables60 | - | €22 | €0 | - | - | - |
| Purchases600/8 | - | €22 | €0 | - | - | - |
| Services and other goods61 | €8,787 | €35,444 | €14,610 | - | - | - |
| Remuneration, social security and pensions62 | €128,768 | €76,833 | €83,870 | €87,243 | €90,666 | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,344 | €12,885 | €12,885 | €12,914 | €10,208 | ▼ 21.0% |
| Other operating charges640/8 | €1,137 | €1,641 | €3,050 | €2,388 | €2,445 | ▲ 2.4% |
| Gross operating margin9900 | - | - | - | €124,634 | €136,191 | ▲ 9.3% |
| Operating profit (loss)9901 | -€3,811 | -€720 | €31,605 | €22,090 | €32,872 | ▲ 48.8% |
| Financial income75/76B | €149,189 | €348,108 | €1.6m | €14,734 | €15,993 | ▲ 8.5% |
| Recurring financial income75 | €149,189 | €348,108 | €1.4m | €14,734 | €15,993 | ▲ 8.5% |
| Income from financial fixed assets750 | €149,189 | €348,108 | €1.4m | - | - | - |
| Income from current assets751 | €0 | - | - | - | - | - |
| Other financial income752/9 | - | - | €194 | - | - | - |
| Non-recurring financial income76B | - | - | €174,044 | €0 | - | - |
| Financial charges65/66B | €2.7m | €14,818 | €7,080 | €20,968 | €22,055 | ▲ 5.2% |
| Recurring financial charges65 | €20,263 | €14,818 | €7,080 | €20,968 | €22,055 | ▲ 5.2% |
| Debt charges650 | €20,226 | €14,514 | €7,017 | - | - | - |
| Other financial charges652/9 | €37 | €304 | €63 | - | - | - |
| Non-recurring financial charges66B | €2.7m | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€2.6m | €332,570 | €1.6m | €15,855 | €26,809 | ▲ 69.1% |
| Income taxes67/77 | €68 | €79 | €96 | €3,462 | €7,321 | ▲ 111% |
| Taxes670/3 | €68 | €79 | €96 | - | - | - |
| Profit (loss) for the period9904 | -€2.6m | €332,491 | €1.6m | €12,394 | €19,488 | ▲ 57.2% |
| Transfer to tax-exempt reserves689 | - | €11,080 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2.6m | €321,411 | €1.6m | €12,394 | €19,488 | ▲ 57.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €4.5m | €5.0m | €5.1m | €5.1m | ▲ 0.1% |
| Fixed assets21/28 | €5.0m | €4.4m | €4.0m | €4.0m | €4.0m | ▲ 0.8% |
| Tangible fixed assets22/27 | €0 | €70,604 | €57,719 | €44,805 | €77,920 | ▲ 73.9% |
| Land and buildings22 | - | €70,604 | €57,719 | €44,805 | €39,962 | ▼ 10.8% |
| Furniture and vehicles24 | €0 | - | - | - | €37,957 | - |
| Financial fixed assets28 | €5.0m | €4.4m | €3.9m | €3.9m | €3.9m | = |
| Affiliated companies280/1 | €5.0m | €4.4m | €3.9m | - | - | - |
| Participating interests280 | €5.0m | €4.4m | €3.9m | - | - | - |
| Current assets29/58 | €65,731 | €85,647 | €1.1m | €1.1m | €1.1m | ▼ 2.6% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €38,756 | €59,861 | €41,212 | €1.1m | €1.1m | ▼ 2.6% |
| Trade receivables40 | €32,428 | €57,838 | €38,266 | €53,063 | €27,498 | ▼ 48.2% |
| Other amounts receivable41 | €6,328 | €2,023 | €2,946 | €1.1m | €1.1m | ▼ 0.3% |
| Cash at bank and in hand54/58 | €25,323 | €23,816 | €1.0m | €909 | €538 | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €1,652 | €1,971 | €1,952 | €1,889 | €1,632 | ▼ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €4.5m | €5.0m | €5.1m | €5.1m | ▲ 0.1% |
| Equity10/15 | €3.3m | €3.0m | €2.6m | €2.6m | €2.6m | ▲ 0.7% |
| Contributions10/11 | €5.9m | €5.3m | €3.2m | €3.2m | €3.2m | = |
| Reserves13 | - | €11,080 | €11,080 | €11,080 | €11,080 | = |
| Tax-exempt reserves132 | - | €11,080 | €11,080 | €11,080 | €11,080 | = |
| Profit (loss) carried forward14 | -€2.6m | -€2.3m | -€662,970 | -€650,577 | -€631,088 | ▲ 3.0% |
| Amounts payable17/49 | €1.8m | €1.5m | €2.4m | €2.5m | €2.5m | ▼ 0.6% |
| Amounts payable after more than one year17 | - | - | - | - | €25,145 | - |
| Financial debts170/4 | - | - | - | - | €25,145 | - |
| Amounts payable within one year42/48 | €1.8m | €1.5m | €2.4m | €2.5m | €2.4m | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | €6,628 | - |
| Trade debts44 | €1,367 | €233 | €2,393 | €12,667 | €9,178 | ▼ 27.5% |
| Suppliers440/4 | €1,367 | €233 | €2,393 | €12,667 | €9,178 | ▼ 27.5% |
| Taxes, remuneration and social security45 | €16,707 | €22,707 | €16,176 | €29,667 | €43,315 | ▲ 46.0% |
| Taxes450/3 | €8,911 | €13,255 | €5,989 | €12,630 | €21,736 | ▲ 72.1% |
| Remuneration and social security454/9 | €7,796 | €9,452 | €10,187 | €17,037 | €21,579 | ▲ 26.7% |
| Other amounts payable47/48 | €1.8m | €1.5m | €2.4m | €2.4m | €2.4m | ▼ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2.6m | €332,491 | €1.6m | €12,394 | €19,488 | ▲ 57.2% |
| + Depreciation and write-downs630 | €1,344 | €12,885 | €12,885 | €12,914 | €10,208 | ▼ 21.0% |
| Operating cash flow (approximation) | -€2.6m | €345,377 | €1.6m | €25,307 | €29,696 | ▲ 17.3% |
| Investment in fixed assets (approximation) | - | €563,305 | €475,956 | -€9,000 | -€43,322 | ▼ 381% |
| Change in cash | - | -€1,507 | €1.0m | -€1.0m | -€372 | ▲ 100.0% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €1.6m ▲379%
Net result €1.6m, the highest in the series.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €332,491
Net result €332,491 after one loss-making year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€2.6m
Net result drops to -€2.6m, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Landen · 1 establishment unit since 2008
Ground area
796 m²
Building footprint
159 m²
Volume, LiDAR
967 m³
Parcel 24059A0711/00K000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Kashold
since 20082.170.829.811
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24059A0711/00K000 | Flanders | 796 m² | 1 · 159 m² | 9.1 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Kashold and those 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,109 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
Founded24-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897526152
Also
9925:BE0897526152
Registered
08-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.