KAUL
ActiveKAUL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €33k and a net result of €8k. Equity is growing by ~36.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-8
Solvency87▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.0 in 2023; short-term debt: 38% and cash: 1.9% of total assets), and 38% 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 →
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 2024Solvency, return and age of the figures
Solvency
62%
Return on assets
15.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
15 d early
2022
26 d early
2021
13 d early
2020
16 d late
2019
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€33k▲ 30.2%
2023 · €26k
2018: €-29
2019: €4k
2020: €5k
2021: €15k
2022: €16k
2023: €26k
2018 → 2024
Total assets
€54k▲ 18.8%
2023 · €45k
2018: €44k
2019: €52k
2020: €48k
2021: €87k
2022: €69k
2023: €45k
2018 → 2024
Net result
€8k▼ 13.9%
2023 · €10k
2018: €-13k
2019: €4k
2020: €2k
2021: €10k
2022: €683
2023: €10k
2018 → 2024
Working capital
€28k▲ 42.1%
2023 · €20k
2018: €-8k
2019: €-4k
2020: €-3k
2021: €8k
2022: €9k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€15k▲ 191%€16k▲ 4.5%€26k▲ 62.3%€33k▲ 30.2%
Operating result€2k-€10k▲ 450%€2k▼ 74.7%€15k▲ 512%€12k▼ 17.7%
Net result€2k-€10k▲ 505%€683▼ 93.1%€10k▲ 1,340%€8k▼ 13.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€6k▼ 8.3%
Current assets
€48k▲ 23.0%
Equity and liabilities €54k
Equity
€33k▲ 30.2%
Debt
€20k▲ 4.0%
The debt ratio falls from 43.4% to 38.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €16k
Cash flow
€9k▼
2023 · €11k
Solvency
62.0%▲
2023 · 56.6%
Current ratio
2.36▲
2023 · 2.00
Quick ratio
0.20▲
2023 · 0.15
Debt / equity
0.61▼
2023 · 0.77
ROE
25.4%▼
2023 · 38.4%
ROA
15.7%▼
2023 · 21.7%
Interest coverage
8.52▲
2023 · 6.14
Debt
€20k▲
2023 · €20k
Debt ≤ 1 year
€20k▲
2023 · €20k
Income taxes
€2k▼
2023 · €2k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€45k€54k▲
Fixed assets21/28€6k€6k▼
Intangible fixed assets21€1k€500▼
Financial fixed assets28€5k€5k=
Current assets29/58€39k€48k▲
Stocks and contracts in progress3€36k€44k▲
Stocks30/36€36k€44k▲
Amounts receivable within one year40/41€1k€3k▲
Trade receivables40€427€2k▲
Other amounts receivable41€612€770▲
Cash at bank and in hand54/58€1k€1k▼
Deferred charges and accrued income490/1€458€22▼
Equity and liabilities
Total equity and liabilities10/49€45k€54k▲
Equity10/15€26k€33k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€5k€13k▲
Amounts payable17/49€20k€20k▲
Amounts payable within one year42/48€20k€20k▲
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€4k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€13k€11k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€500▼
Other operating charges640/8€2k€285▼
Gross operating margin9900€18k€13k▼
Operating profit (loss)9901€15k€12k▼
Financial income75/76B€2-
Recurring financial income75€2-
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€12k€11k▼
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€10k€8k▼
Profit (loss) for the period to be appropriated9905€10k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€13k▲
Profit (loss) brought forward from the previous period14P€-5k€4k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €10k ▲505%
Net result €10k, the highest in the series.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Elsene · 2 establishment units since 2003
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.
Waterloose Steenweg 4731050 ElseneGround area
137 m²
Building footprint
115 m²
Volume, LiDAR
1,195 m³
2 parcels, Brussels · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
KAUL
since 20032.132.195.996
Jaargetijdenlaan 127, 1050 Elsene
since 20162.253.429.764
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00K044 | Brussels | 99 m² | 1 · 77 m² | 15.6 m · 3 fl. |
| 21445C0234/00A016 | Brussels | 38 m² | 1 · 38 m² | 16.6 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesElsene2.132.195.996
Elsene2.253.429.764
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Of 698 companies in sector 46392 we hold annual accounts for 486. 240 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2003
Fiscal year end31-12
Activities, NACEBEL
46392Non-specialised wholesale
51392
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.