KASPER
ActiveSummary
KASPER has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.44M and a net result of €-52k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 60% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+1
Solvency68▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 5.13 against 0.32 in 2024; short-term debt: 0.2% and cash: 0.9% of total assets), but 56.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.5%
Return on assets
-1.6%
Age of the figures
18 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year €-52k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
3 d early
2024
34 d early
2023
5 d early
2022
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.44M▼ 3.5%
2024 · €1.49M
2022: €1.43Mlowest in 4 years
2023: €1.55M▲ +8.6% vs 2022highest in 4 years
2024: €1.49M▼ -3.8% vs 2023
2025: €1.44M▼ -3.5% vs 2024
2022 → 2025
Total assets
€3.32M▼ 2.4%
2024 · €3.40M
2022: €3.78Mhighest in 4 years
2023: €3.60M▼ -4.7% vs 2022
2024: €3.40M▼ -5.8% vs 2023
2025: €3.32M▼ -2.4% vs 2024lowest in 4 years
2022 → 2025
Net result
€-52k▲ 10.7%
2024 · €-58k
2022: €633khighest in 4 years
2023: €123k▼ -80.6% vs 2022
2024: €-58k▼ -147% vs 2023lowest in 4 years
2025: €-52k▲ +10.7% vs 2024
2022 → 2025
Working capital
€28k
2024 · €-45k
2022: €-1.94Mlowest in 4 years
2023: €-1.88M▲ +3.3% vs 2022
2024: €-45k▲ +97.6% vs 2023
2025: €28k▲ +162% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€1.43M-€1.55M▲ 8.6%€1.49M▼ 3.8%€1.44M▼ 3.5%
2022: €1.43Mlowest in 4 years
2023: €1.55M▲ +8.6% vs 2022highest in 4 years
2024: €1.49M▼ -3.8% vs 2023
2025: €1.44M▼ -3.5% vs 2024
Operating result€881k-€190k▼ 78.5%€-12k€7k
2022: €881khighest in 4 years
2023: €190k▼ -78.5% vs 2022
2024: €-12k▼ -106% vs 2023lowest in 4 years
2025: €7k▲ +157% vs 2024
Net result€633k-€123k▼ 80.6%€-58k€-52k▲ 10.7%
2022: €633khighest in 4 years
2023: €123k▼ -80.6% vs 2022
2024: €-58k▼ -147% vs 2023lowest in 4 years
2025: €-52k▲ +10.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €12k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.32M
Fixed assets
€3.28M ▼ 2.8%
Current assets
€35k ▲ 66.5%
Equity and liabilities €3.32M
Equity
€1.44M ▼ 3.5%
Debt
€1.87M ▼ 1.5%
Debt's share of the balance-sheet total rises from 56.0% to 56.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €73k
Cash flow
€42k▲
2024 · €26k
Current ratio
5.13▲
2024 · 0.32
Debt to equity
1.30▲
2024 · 1.27
ROE
-3.6%▲
2024 · -3.9%
ROA
-1.6%▲
2024 · -1.7%
Interest coverage
1.71▲
2024 · 1.58
Debt ≤ 1 year
€7k▼
2024 · €66k
Debt > 1 year
€1.81M▲
2024 · €1.79M
Income taxes
€0▼
2024 · €217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.40M€3.32M▼
Fixed assets21/28€3.37M€3.28M▼
Tangible fixed assets22/27€3.37M€3.28M▼
Land and buildings22€3.37M€3.28M▼
Current assets29/58€21k€35k▲
Amounts receivable within one year40/41€20k€6k▼
Trade receivables40€20k€6k▼
Other amounts receivable41€23€0▼
Cash at bank and in hand54/58€343€28k▲
Deferred charges and accrued income490/1€530€336▼
Equity and liabilities
Total equity and liabilities10/49€3.40M€3.32M▼
Equity10/15€1.49M€1.44M▼
Contributions10/11€795k€795k=
Reserves13€698k€646k▼
Distributable reserves133€698k€646k▼
Amounts payable17/49€1.90M€1.87M▼
Amounts payable after more than one year17€1.79M€1.81M▲
Other amounts payable178/9€1.79M€1.81M▲
Amounts payable within one year42/48€66k€7k▼
Trade debts44€66k€7k▼
Suppliers440/4€66k€7k▼
Accrued charges and deferred income492/3€46k€59k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€94k▲
Other operating charges640/8€521€14k▲
Gross operating margin9900€73k€115k▲
Operating profit (loss)9901€-12k€7k▲
Financial charges65/66B€46k€59k▲
Recurring financial charges65€46k€59k▲
Profit (loss) for the period before taxes9903€-58k€-52k▲
Income taxes67/77€217€0▼
Profit (loss) for the period9904€-58k€-52k▲
Profit (loss) for the period to be appropriated9905€-58k€-52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-58k€-52k▲
Transfer from equity791/2€58k€52k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71k | €84k | €85k | €94k | ▲ 11.1% |
| Other operating charges640/8 | €825 | €479 | €521 | €14k | ▲ 2,609% |
| Gross operating margin9900 | €953k | €274k | €73k | €115k | ▲ 57.3% |
| Operating profit (loss)9901 | €881k | €190k | €-12k | €7k | ▲ 157% |
| Financial charges65/66B | €34k | €28k | €46k | €59k | ▲ 28.0% |
| Recurring financial charges65 | €34k | €28k | €46k | €59k | ▲ 28.0% |
| Profit (loss) for the period before taxes9903 | €847k | €161k | €-58k | €-52k | ▲ 10.4% |
| Income taxes67/77 | €214k | €38k | €217 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €633k | €123k | €-58k | €-52k | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €633k | €123k | €-58k | €-52k | ▲ 10.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €3.78M | €3.60M | €3.40M | €3.32M | ▼ 2.4% |
| Fixed assets21/28 | €3.41M | €3.46M | €3.37M | €3.28M | ▼ 2.8% |
| Tangible fixed assets22/27 | €3.41M | €3.46M | €3.37M | €3.28M | ▼ 2.8% |
| Land and buildings22 | €3.41M | €3.46M | €3.37M | €3.28M | ▼ 2.8% |
| Current assets29/58 | €374k | €145k | €21k | €35k | ▲ 66.5% |
| Amounts receivable within one year40/41 | €33k | €62k | €20k | €6k | ▼ 69.4% |
| Trade receivables40 | €21k | €39k | €20k | €6k | ▼ 69.3% |
| Other amounts receivable41 | €11k | €23k | €23 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €340k | €82k | €343 | €28k | ▲ 8,181% |
| Deferred charges and accrued income490/1 | €1k | €360 | €530 | €336 | ▼ 36.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €3.78M | €3.60M | €3.40M | €3.32M | ▼ 2.4% |
| Equity10/15 | €1.43M | €1.55M | €1.49M | €1.44M | ▼ 3.5% |
| Contributions10/11 | €795k | €795k | €795k | €795k | = |
| Reserves13 | €633k | €756k | €698k | €646k | ▼ 7.5% |
| Distributable reserves133 | €633k | €756k | €698k | €646k | ▼ 7.5% |
| Amounts payable17/49 | €2.35M | €2.05M | €1.90M | €1.87M | ▼ 1.5% |
| Amounts payable after more than one year17 | - | - | €1.79M | €1.81M | ▲ 1.0% |
| Other amounts payable178/9 | - | - | €1.79M | €1.81M | ▲ 1.0% |
| Amounts payable within one year42/48 | €2.32M | €2.02M | €66k | €7k | ▼ 89.7% |
| Trade debts44 | €335k | €191k | €66k | €7k | ▼ 89.7% |
| Suppliers440/4 | €335k | €191k | €66k | €7k | ▼ 89.7% |
| Taxes, remuneration and social security45 | €101k | €2k | - | - | - |
| Taxes450/3 | €99k | - | - | - | - |
| Remuneration and social security454/9 | €2k | €2k | - | - | - |
| Other amounts payable47/48 | €1.88M | €1.83M | - | - | - |
| Accrued charges and deferred income492/3 | €34k | €28k | €46k | €59k | ▲ 28.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €633k | €123k | €-58k | €-52k | ▲ 10.7% |
| + Depreciation and write-downs630 | €71k | €84k | €85k | €94k | ▲ 11.1% |
| Operating cash flow (approximation) | €704k | €207k | €26k | €42k | ▲ 59.4% |
| Investment in fixed assets (approximation) | - | €-136k | €0 | €0 | - |
| Change in cash | - | €-258k | €-82k | €28k | ▲ 134% |
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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Liquidity times 16current ratio 5.13
Current ratio from 0.32 to 5.13; short-term debt falls from €66k to €7k.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
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, Kortemark · 1 establishment unit since 2020
Ground area
2.9 ha
Building footprint
240 m²
Volume, LiDAR
1,359 m³
Parcel 32005F0310/00H000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KASPER
since 20202.309.716.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005F0310/00H000 | Flanders | 2.9 ha | 1 · 240 m² | 9.7 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.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,598 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
Founded24-08-2020
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.