KEDAI
ActiveKEDAI has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €2k. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+19
Solvency87▲+14
Growth85=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.84 in 2024; short-term debt: 37.9% and cash: 4.8% of total assets), and 37.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
62.1%
Return on assets
4.3%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
95 d early
2024
161 d early
2023
152 d early
2022
163 d early
2021
153 d early
2020
84 d early
2019
91 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€245k▲ 6.2%
2024 · €231k
2018: €10k
2019: €14k
2020: €90k
2021: €108k
2022: €140k
2023: €253k
2024: €231k
2018 → 2025
EBIT margin
2.2%▼ 0.3pp
2024 · 2.5%
2018: -182.1%
2019: -65.5%
2020: 12.6%
2021: 18.1%
2022: 3.2%
2023: 3.6%
2024: 2.5%
2018 → 2025
Net result
€2k▲ 7.2%
2024 · €2k
2018: €-18k
2019: €-11k
2020: €10k
2021: €18k
2022: €2k
2023: €4k
2024: €2k
2018 → 2025
Working capital
€-5k▼ 15.3%
2024 · €-4k
2018: €7k
2019: €-11k
2020: €-6k
2021: €11k
2022: €14k
2023: €19k
2024: €-4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€108k-€140k▲ 28.9%€253k▲ 80.9%€231k▼ 8.6%€245k▲ 6.2%
Equity€16k-€18k▲ 11.9%€22k▲ 23.3%€27k▲ 19.1%€29k▲ 7.5%
Operating result€20k-€5k▼ 76.9%€9k▲ 104%€6k▼ 37.3%€5k▼ 6.6%
Net result€18k-€2k▼ 89.3%€4k▲ 119%€2k▼ 55.9%€2k▲ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€34k▲ 8.6%
Current assets
€12k▼ 49.2%
Equity and liabilities €46k
Equity
€29k▲ 7.5%
Debt
€18k▼ 39.1%
The debt ratio falls from 51.9% to 37.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16k▲
2024 · €9k
Cash flow
€12k▲
2024 · €5k
Solvency
62.1%▲
2024 · 48.1%
Current ratio
0.70▼
2024 · 0.84
Quick ratio
0.33▼
2024 · 0.57
Debt / equity
0.61▼
2024 · 1.08
ROE
7.0%▼
2024 · 7.0%
ROA
4.3%▲
2024 · 3.4%
Interest coverage
5.40▲
2024 · 2.72
Debt
€18k▼
2024 · €29k
Debt ≤ 1 year
€18k▼
2024 · €29k
Income taxes
€500▼
2024 · €625
Staff costs
€1k
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€55k€46k▼
Fixed assets21/28€31k€34k▲
Tangible fixed assets22/27€31k€34k▲
Plant, machinery and equipment23€439€162▼
Furniture and vehicles24€31k€34k▲
Current assets29/58€24k€12k▼
Stocks and contracts in progress3€8k€6k▼
Stocks30/36€8k€6k▼
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40€2k-
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€13k€2k▼
Equity and liabilities
Total equity and liabilities10/49€55k€46k▼
Equity10/15€27k€29k▲
Contributions10/11€19k€19k=
Reserves13€8k€10k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€6k€8k▲
Amounts payable17/49€29k€18k▼
Amounts payable within one year42/48€29k€18k▼
Trade debts44-€5k
Suppliers440/4-€5k
Taxes, remuneration and social security45€887€296▼
Taxes450/3€887€186▼
Remuneration and social security454/9-€110
Other amounts payable47/48€28k€12k▼
Income statement
Code20242025
Turnover70€231k€245k▲
Goods, raw materials, services and sundry goods60/61€221k€228k▲
Remuneration, social security and pensions62-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€10k▲
Other operating charges640/8€682€923▲
Non-recurring operating charges66A€74-
Gross operating margin9900€10k€18k▲
Operating profit (loss)9901€6k€5k▼
Financial income75/76B€8€5▼
Recurring financial income75€8€5▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€625€500▼
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€2k▲
Transfer to equity691/2€2k€2k▲
To other reserves6921€2k€2k▲
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 6current ratio 16.21
Current ratio from 2.63 to 16.21; short-term debt falls from €6k to €915.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €18k ▲78.9%
Operating result €20k, net result €18k, both a record.
31-12
Financial
Liquidity times 6current ratio 2.63
Current ratio from 0.43 to 2.63; short-term debt falls from €11k to €6k.
08-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
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, Brugge · 1 establishment unit since 2018
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.
Zandstraat 3338200 BruggeGround area
237 m²
Building footprint
64 m²
Volume, LiDAR
271 m³
Parcel 31425C0307/00V011, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
KEDAI
since 20182.272.519.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0307/00V011 | Flanders | 237 m² | 1 · 64 m² | 7.2 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.272.519.562
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Of 12,959 companies in sector 47120 we hold annual accounts for 2,190. 1,452 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-01-2018
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47279Other retail sale of food
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.