KAYA
ActiveKAYA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €156k and a net result of €8k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 86% of 1544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-7
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.82 against 4.0 in 2024; short-term debt: 22.5% and cash: 27.2% of total assets), and 25.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
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
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
74.1%
Return on assets
3.7%
Age of the figures
9 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
12 d early
2023
35 d early
2022
31 d late
2021
16 d early
2020
27 d early
2019
21 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€839k
EBIT margin
4.4%
Net result
€8k▼ 54.4%
2024 · €17k
2018: €1k
2019: €3k
2020: €3k
2021: €35k
2022: €4k
2023: €5k
2024: €17k
2018 → 2025
Working capital
€134k▼ 1.4%
2024 · €136k
2018: €89k
2019: €82k
2020: €74k
2021: €102k
2022: €107k
2023: €112k
2024: €136k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€839k-
Equity€123k-€127k▲ 3.4%€132k▲ 3.5%€149k▲ 12.8%€156k▲ 5.2%
Operating result€37k-€5k▼ 86.8%€15k▲ 219%€17k▲ 10.6%€15k▼ 11.4%
Net result€35k-€4k▼ 88.1%€5k▲ 7.8%€17k▲ 276%€8k▼ 54.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€30k▲ 130%
Current assets
€181k▲ 0.2%
Equity and liabilities €211k
Equity
€156k▲ 5.2%
Debt
€55k▲ 21.1%
The debt ratio rises from 23.3% to 25.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€23k▼
2024 · €24k
Cash flow
€15k▼
2024 · €24k
Solvency
74.1%▼
2024 · 76.7%
Current ratio
3.82▼
2024 · 4.00
Quick ratio
1.72▼
2024 · 2.65
Debt / equity
0.35▲
2024 · 0.30
ROE
4.9%▼
2024 · 11.4%
ROA
3.7%▼
2024 · 8.7%
Interest coverage
52.26▼
2024 · 128.01
Debt
€55k▲
2024 · €45k
Debt ≤ 1 year
€47k▲
2024 · €45k
Debt > 1 year
€7k
Income taxes
€7k
Staff costs
€90k▼
2024 · €120k
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€194k€211k▲
Fixed assets21/28€13k€30k▲
Tangible fixed assets22/27€13k€30k▲
Plant, machinery and equipment23€13k€7k▼
Furniture and vehicles24-€23k
Current assets29/58€181k€181k▲
Stocks and contracts in progress3€61k€100k▲
Stocks30/36€61k€100k▲
Amounts receivable within one year40/41€27k€22k▼
Trade receivables40€26k€19k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€91k€57k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€194k€211k▲
Equity10/15€149k€156k▲
Contributions10/11€19k€19k=
Reserves13€11k€11k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€119k€127k▲
Amounts payable17/49€45k€55k▲
Amounts payable after more than one year17-€7k
Financial debts170/4-€7k
Amounts payable within one year42/48€45k€47k▲
Current portion of amounts payable after more than one year42€6k€16k▲
Trade debts44€31k€22k▼
Suppliers440/4€31k€22k▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€948€4k▲
Remuneration and social security454/9€7k€6k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€1.04M-
Remuneration, social security and pensions62€120k€90k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲
Other operating charges640/8€423€1k▲
Gross operating margin9900€145k€114k▼
Operating profit (loss)9901€17k€15k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€186€434▲
Recurring financial charges65€186€434▲
Profit (loss) for the period before taxes9903€17k€15k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€17k€8k▼
Profit (loss) for the period to be appropriated9905€17k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€127k▲
Profit (loss) brought forward from the previous period14P€102k€119k▲
The notes to these accounts (6 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150kEq €156k ▲5.2%
8 profitable years in a row build equity to €156k.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €35k ▲957%
Operating result €37k, net result €35k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 7.51
Current ratio from 2.74 to 7.51; short-term debt falls from €43k to €16k.
31-12
Financial
Equity above €100kEq €123k ▲40%
4 profitable years in a row build equity to €123k.
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Gent · 2 establishment units since 1997
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.
Dendermondsesteenweg 3719040 GentGround area
761 m²
Building footprint
667 m²
Volume, LiDAR
3,899 m³
2 parcels, Flanders · tallest building 14.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
KAYA
since 19972.084.047.473
KAYA
since 20262.389.251.045
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0197/00X000 | Flanders | 417 m² | 1 · 397 m² | 14.5 m · 1 fl. |
| 44432C0951/00C008 | Flanders | 343 m² | 2 · 270 m² | 12.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.084.047.473
Similar companies · same sector, comparable size
DENDER
BE 0835.110.810
Dendermonde · Eq €156k
DELISWEET CAKES
BE 0787.770.454
Zaventem · Eq €156k
VAN BUGGENHOUT GUNTHER
BE 0865.260.883
Merchtem · Eq €156k
Boulangerie O. CORTIN
BE 0889.113.480
Stoumont · Eq €156k
Les Co' Pains
BE 0600.867.290
Clavier · Eq €157k
Of 4,227 companies in sector 10712 we hold annual accounts for 1,871. 1,568 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-10-1997
Fiscal year end31-12
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
15812
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.