Keal Group
ActiveThe computed 12-month bankruptcy probability of Keal Group is 3.5% (moderate). The 2024 annual accounts show equity of €181k and a net result of €52k. Equity is growing by ~52.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 18941 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-3
Solvency47▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.26 in 2023; short-term debt: 21.2% and cash: 7.5% of total assets), and 78.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
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 02-06-2025, 59 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
7 d late
2022
24 d late
2021
47 d early
2020
59 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€181k▲ 24.5%
2023 · €145k
2019: €24k
2020: €41k
2021: €63k
2022: €74k
2023: €145k
2019 → 2024
Total assets
€839k▼ 1.0%
2023 · €847k
2019: €87k
2020: €88k
2021: €174k
2022: €745k
2023: €847k
2019 → 2024
Net result
€52k▼ 26.9%
2023 · €71k
2019: €18k
2020: €17k
2021: €22k
2022: €15k
2023: €71k
2019 → 2024
Working capital
€-111k▲ 18.0%
2023 · €-135k
2019: €-28k
2020: €-5k
2021: €-37k
2022: €-39k
2023: €-135k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€63k▲ 53.1%€74k▲ 18.7%€145k▲ 95.3%€181k▲ 24.5%
Operating result€21k-€28k▲ 31.2%€27k▼ 2.4%€119k▲ 343%€99k▼ 16.8%
Net result€17k-€22k▲ 31.0%€15k▼ 29.0%€71k▲ 360%€52k▼ 26.9%
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 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €839k
Fixed assets
€772k▼ 3.4%
Current assets
€67k▲ 40.1%
Equity and liabilities €839k
Equity
€181k▲ 24.5%
Debt
€658k▼ 6.2%
The debt ratio falls from 82.8% to 78.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158k▼
2023 · €170k
Cash flow
€111k▼
2023 · €122k
Solvency
21.6%▲
2023 · 17.2%
Current ratio
0.38▲
2023 · 0.26
Quick ratio
0.38▲
2023 · 0.26
Debt / equity
3.63▼
2023 · 4.82
ROE
28.7%▼
2023 · 48.8%
ROA
6.2%▼
2023 · 8.4%
Interest coverage
7.40▼
2023 · 8.63
Debt
€658k▼
2023 · €702k
Debt ≤ 1 year
€178k▼
2023 · €183k
Debt > 1 year
€480k▼
2023 · €519k
Income taxes
€26k▼
2023 · €28k
Staff costs
€164k▲
2023 · €130k
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€847k€839k▼
Formation expenses20€0€0=
Fixed assets21/28€799k€772k▼
Intangible fixed assets21€14k€7k▼
Tangible fixed assets22/27€785k€765k▼
Land and buildings22€757k€737k▼
Plant, machinery and equipment23€27k€28k▲
Furniture and vehicles24€843€458▼
Current assets29/58€48k€67k▲
Amounts receivable within one year40/41€8k€3k▼
Trade receivables40€6k€929▼
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€39k€63k▲
Deferred charges and accrued income490/1€255€339▲
Equity and liabilities
Total equity and liabilities10/49€847k€839k▼
Equity10/15€145k€181k▲
Contributions10/11€6k€6k=
Reserves13€139k€175k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€137k€173k▲
Amounts payable17/49€702k€658k▼
Amounts payable after more than one year17€519k€480k▼
Financial debts170/4€519k€480k▼
Amounts payable within one year42/48€183k€178k▼
Current portion of amounts payable after more than one year42€44k€41k▼
Trade debts44€12k€7k▼
Suppliers440/4€12k€7k▼
Advances received on contracts in progress46€480€725▲
Taxes, remuneration and social security45€39k€30k▼
Taxes450/3€28k€13k▼
Remuneration and social security454/9€11k€17k▲
Other amounts payable47/48€88k€99k▲
Income statement
Code20232024
Remuneration, social security and pensions62€130k€164k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€59k▲
Other operating charges640/8€9k€8k▼
Gross operating margin9900€309k€331k▲
Operating profit (loss)9901€119k€99k▼
Financial income75/76B€149€75▼
Recurring financial income75€149€75▼
Financial charges65/66B€20k€21k▲
Recurring financial charges65€20k€21k▲
Profit (loss) for the period before taxes9903€99k€78k▼
Income taxes67/77€28k€26k▼
Profit (loss) for the period9904€71k€52k▼
Profit (loss) for the period to be appropriated9905€71k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€52k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€71k€52k▼
To other reserves6921€71k€52k▼
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €181k ▲24.5%
6 profitable years in a row build equity to €181k.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Highest result since 2019net €71k ▲360%
Operating result €119k, net result €71k, both a record.
31-12
Financial
Equity above €100kEq €145k ▲95.3%
5 profitable years in a row build equity to €145k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €15k ▼29%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tongeren-Borgloon · 1 establishment unit since 2019
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.
Maastrichterstraat 143700 Tongeren-BorgloonGround area
351 m²
Building footprint
187 m²
Volume, LiDAR
2,017 m³
Parcel 73083C0954/00X000, Flanders · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Maastrichterstraat 14, 3700 Tongeren-Borgloon
since 20192.290.312.827
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73083C0954/00X000 | Flanders | 351 m² | 1 · 187 m² | 13.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 1,150 EUR awarded · 1,150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 150 EUR | 150 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteTongeren-Borgloon2.290.312.827
Dual-learning approval
3 live approvalsMedewerker fastfood (vwo)
Medewerker fastfood duaal (so)
Onthaal, organisatie en sales duaal (so)
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Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 6,910 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-03-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.