Summary
KEESERBERG is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7.5m and a net result of €98,763. Equity is growing by about 3.8% per year across the filed financial years. Its solvency ranks better than 49% of 3,015 sector peers (NACE 64, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#8 company by equity in Oudenaarde, Finance and insurance sector#10 company by total assets in Oudenaarde, Finance and insurance sector
Equity
€7.5m▲ 1.3%
2024 · €7.4m
Net result
€98,763▼ 49.3%
2024 · €194,768
Total assets
€12.5m▼ 4.9%
2024 · €13.1m
Solvency
60.2%▲ 3.7pp
2024 · 56.6%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 37% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€0.6m
2025
Operating result€0.2m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€12.5m
2025
Equity€7.5m
2025
Debt€4.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency60.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.52
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Turnover€0.08m-€0.6m€0.7m▲ 4.3%€0.6m▼ 11.8%€0.6m▼ 0.3%
Operating result€0.2m-€0.3m▲ 66.6%€0.3m▲ 1.7%€0.2m▼ 24.7%€0.3m▲ 50.1%€0.3m▲ 11.2%€0.2m▼ 36.8%
Net result€0.06m-€0.1mwithin the sector's middle half▲ 93.4%€0.1mwithin the sector's middle half▲ 13.0%€0.07mwithin the sector's middle half▼ 39.9%€0.5mwithin the sector's middle half▲ 540%€0.2mwithin the sector's middle half▼ 58.3%€0.1mwithin the sector's middle half▼ 49.3%
Equity€6.1m-€6.2mabove the sector's middle half▲ 2.6%€6.5mabove the sector's middle half▲ 4.4%€6.7mwithin the sector's middle half▲ 3.5%€7.2mwithin the sector's middle half▲ 6.9%€7.4mwithin the sector's middle half▲ 2.7%€7.5mwithin the sector's middle half▲ 1.3%
Total assets€14.2m-€13.4mabove the sector's middle half▼ 5.4%€13.5mabove the sector's middle half▲ 0.6%€13.8mwithin the sector's middle half▲ 2.5%€13.2mwithin the sector's middle half▼ 4.7%€13.1mwithin the sector's middle half▼ 0.6%€12.5mwithin the sector's middle half▼ 4.9%
Debt€7.9m-€6.9m▼ 12.2%€6.7m▼ 3.4%€6.7m▲ 1.1%€5.6m▼ 17.1%€5.3m▼ 5.4%€4.5m▼ 14.6%
Working capital€2.1m-€0.8mabove the sector's middle half▼ 60.6%€0.4mabove the sector's middle half▼ 48.1%€0.6mwithin the sector's middle half▲ 34.6%€0.8mwithin the sector's middle half▲ 34.9%€0.8mwithin the sector's middle half▼ 4.4%€0.7mwithin the sector's middle half▼ 3.6%
Solvency42.9%-46.5%within the sector's middle half▲ 3.6pp48.3%within the sector's middle half▲ 1.8pp48.8%within the sector's middle half▲ 0.5pp54.8%within the sector's middle half▲ 6.0pp56.6%within the sector's middle half▲ 1.8pp60.2%within the sector's middle half▲ 3.7pp
Current ratio2.67-2.35within the sector's middle half▼ 0.321.59within the sector's middle half▼ 0.771.55within the sector's middle half▼ 0.042.53within the sector's middle half▲ 0.991.96within the sector's middle half▼ 0.572.52within the sector's middle half▲ 0.56
Return on assets (ROA)0.4%-0.8%within the sector's middle half▲ 0.4pp0.9%within the sector's middle half▲ 0.1pp0.5%within the sector's middle half▼ 0.4pp3.5%within the sector's middle half▲ 3.0pp1.5%within the sector's middle half▼ 2.1pp0.8%within the sector's middle half▼ 0.7pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.5m
Fixed assets
€11.3m ▼ 2.7%
Current assets
€1.2m ▼ 21.6%
Equity and liabilities €12.5m
Equity
€7.5m ▲ 1.3%
Provisions
€432,050 ▲ 8.0%
Debt
€4.5m ▼ 14.6%
Debt's share of the balance-sheet total falls from 40.4% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.3%▼
2024 · 2.6%
Debt ≤ 1 year
€477,760▼
2024 · €782,124
Debt > 1 year
€4.0m▼
2024 · €4.4m
Income taxes
€46,340▼
2024 · €74,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €820,345 | €813,559 | €911,196 | €727,638 | ▼ 20.1% |
| Turnover70 | €81,112 | - | - | €637,697 | €664,986 | €586,564 | €584,606 | ▼ 0.3% |
| Other operating income74 | - | - | - | €182,648 | €148,573 | €124,632 | €143,032 | ▲ 14.8% |
| Non-recurring operating income76A | - | - | - | - | - | €200,000 | - | - |
| Operating charges60/66A | - | - | - | €622,802 | €517,074 | €581,434 | €519,358 | ▼ 10.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €66,432 | €61,045 | €46,970 | €54,221 | ▲ 15.4% |
| Purchases600/8 | - | - | - | €66,432 | €61,045 | €46,970 | €54,221 | ▲ 15.4% |
| Services and other goods61 | - | - | - | €189,170 | €74,335 | €148,780 | €76,786 | ▼ 48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €195,211 | €250,398 | €300,352 | €305,198 | €305,367 | €307,008 | €307,803 | ▲ 0.3% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €32,000 | €26,750 | €32,000 | €31,300 | €32,000 | ▲ 2.2% |
| Other operating charges640/8 | - | - | €19,642 | €35,252 | €44,327 | €47,375 | €48,547 | ▲ 2.5% |
| Gross operating margin9900 | - | €559,188 | €614,216 | - | - | - | - | - |
| Operating profit (loss)9901 | €154,688 | €257,786 | €262,222 | €197,543 | €296,486 | €329,762 | €208,280 | ▼ 36.8% |
| Financial income75/76B | - | - | €45,133 | €39,025 | €388,878 | €52,382 | €42,919 | ▼ 18.1% |
| Recurring financial income75 | €65,660 | €53,054 | €45,133 | €39,025 | €388,878 | €52,382 | €42,919 | ▼ 18.1% |
| Income from financial fixed assets750 | - | - | - | - | €345,395 | €1,056 | €107 | ▼ 89.9% |
| Income from current assets751 | - | - | - | €39,025 | €43,336 | €51,326 | €42,812 | ▼ 16.6% |
| Other financial income752/9 | - | - | - | €0 | €148 | €0 | €0 | ▲ 220% |
| Financial charges65/66B | - | - | €134,938 | €128,696 | €166,036 | €113,339 | €106,096 | ▼ 6.4% |
| Recurring financial charges65 | €126,750 | €144,899 | €134,938 | €128,696 | €166,036 | €113,339 | €106,096 | ▼ 6.4% |
| Debt charges650 | €126,750 | - | - | €128,696 | - | €113,338 | €106,095 | ▼ 6.4% |
| Other financial charges652/9 | - | - | - | €0 | €166,036 | €1 | €1 | = |
| Profit (loss) for the period before taxes9903 | €93,599 | €165,941 | €172,416 | €107,871 | €519,328 | €268,805 | €145,103 | ▼ 46.0% |
| Income taxes67/77 | €38,072 | €58,579 | €51,107 | €34,968 | €52,384 | €74,037 | €46,340 | ▼ 37.4% |
| Taxes670/3 | - | - | - | €34,968 | €52,384 | €74,937 | €46,340 | ▼ 38.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €900 | - | - |
| Profit (loss) for the period9904 | €55,526 | €107,362 | €121,309 | €72,903 | €466,944 | €194,768 | €98,763 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | €55,526 | €107,362 | €121,309 | €72,903 | €466,944 | €194,768 | €98,763 | ▼ 49.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €14.2m | €13.4m | €13.5m | €13.8m | €13.2m | €13.1m | €12.5m | ▼ 4.9% |
| Fixed assets21/28 | €10.8m | €12.0m | €12.3m | €12.2m | €11.9m | €11.6m | €11.3m | ▼ 2.7% |
| Tangible fixed assets22/27 | €6.0m | €7.1m | €7.3m | €7.0m | €6.7m | €6.5m | €6.1m | ▼ 4.8% |
| Furniture and vehicles24 | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Other tangible fixed assets26 | - | - | €7.3m | €7.0m | €6.7m | €6.4m | €6.1m | ▼ 4.8% |
| Financial fixed assets28 | €4.7m | €4.8m | €5.0m | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Affiliated companies280/1 | - | - | - | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Participating interests280 | - | - | - | €5.1m | €5.1m | €5.1m | €5.1m | = |
| Current assets29/58 | €3.4m | €1.5m | €1.2m | €1.7m | €1.3m | €1.5m | €1.2m | ▼ 21.6% |
| Amounts receivable after more than one year29 | - | - | €1.1m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 19.4% |
| Other amounts receivable291 | - | - | €1.1m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 19.4% |
| Amounts receivable within one year40/41 | €0.8m | €0.05m | €0.006m | €0.2m | €0.1m | €0.2m | €0.03m | ▼ 85.6% |
| Trade receivables40 | - | - | €0.005m | €0.1m | €0.04m | €0.03m | €0.03m | ▼ 6.6% |
| Other amounts receivable41 | - | - | €0.001m | €0.05m | €0.06m | €0.2m | - | - |
| Current investments50/53 | €1.0m | €0.06m | €0.05m | - | €0.2m | €0.5m | €0.1m | ▼ 80.0% |
| Other investments51/53 | - | - | - | - | €0.2m | €0.5m | €0.1m | ▼ 80.0% |
| Cash at bank and in hand54/58 | €1.0m | €0.01m | €0.004m | €0.6m | €0.2m | €0.04m | €0.1m | ▲ 243% |
| Deferred charges and accrued income490/1 | - | - | €0.04m | €0.01m | €0.02m | €0.04m | €0.02m | ▼ 59.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €14.2m | €13.4m | €13.5m | €13.8m | €13.2m | €13.1m | €12.5m | ▼ 4.9% |
| Equity10/15 | €6.1m | €6.2m | €6.5m | €6.7m | €7.2m | €7.4m | €7.5m | ▲ 1.3% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Revaluation surpluses12 | - | - | €1.8m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €2.5m | €2.6m | €2.7m | €2.8m | €3.3m | €3.5m | €3.5m | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | - | - | €2.6m | €2.6m | €3.1m | €3.3m | €3.3m | ▲ 3.0% |
| Provisions and deferred taxes16 | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.0% |
| Provisions for liabilities and charges160/5 | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.0% |
| Major repairs and maintenance162 | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 8.0% |
| Amounts payable17/49 | €7.9m | €6.9m | €6.7m | €6.7m | €5.6m | €5.3m | €4.5m | ▼ 14.6% |
| Amounts payable after more than one year17 | €6.5m | €6.2m | €5.9m | €5.6m | €5.1m | €4.4m | €4.0m | ▼ 8.8% |
| Financial debts170/4 | - | - | €4.8m | €4.5m | €5.1m | €4.4m | €4.0m | ▼ 8.8% |
| Subordinated loans170 | - | - | - | €1.3m | - | €0.1m | €0.1m | = |
| Credit institutions173 | - | - | - | €3.1m | €2.8m | €2.5m | €2.1m | ▼ 13.2% |
| Other loans174 | - | - | - | - | €2.3m | €1.9m | €1.8m | ▼ 3.5% |
| Other amounts payable178/9 | - | - | €1.1m | €1.1m | - | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €0.6m | €0.7m | €1.1m | €0.5m | €0.8m | €0.5m | ▼ 38.9% |
| Current portion of amounts payable after more than one year42 | - | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 19.0% |
| Trade debts44 | €0.6m | €0.2m | €0.01m | €0.2m | €0.05m | €0.04m | €0.02m | ▼ 40.2% |
| Suppliers440/4 | - | - | €0.01m | €0.2m | €0.05m | €0.04m | €0.02m | ▼ 40.2% |
| Taxes, remuneration and social security45 | - | - | €0.03m | - | €0.04m | €0.02m | €0.02m | ▲ 38.5% |
| Taxes450/3 | - | - | €0.03m | - | €0.04m | €0.02m | €0.02m | ▲ 38.5% |
| Other amounts payable47/48 | - | - | €0.4m | €0.5m | €0.001m | €0.2m | €0.009m | ▼ 95.6% |
| Accrued charges and deferred income492/3 | - | - | €0.01m | €0.08m | €0.03m | €0.08m | €0.001m | ▼ 98.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.1m | €0.07m | €0.5m | €0.2m | €0.1m | ▼ 49.3% |
| + Depreciation and write-downs630 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 0.3% |
| Operating cash flow (approximation) | €0.3m | €0.4m | €0.4m | €0.4m | €0.8m | €0.5m | €0.4m | ▼ 19.0% |
| Investment in fixed assets (approximation) | - | -€1.4m | -€0.7m | -€0.2m | -€0.003m | €0.001m | €0 | ▼ 100% |
| Change in cash | - | -€1.0m | -€0.006m | €0.6m | -€0.4m | -€0.2m | €0.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 27-04-2026 | 2026-00088931 |
| 30-09-2024 | full format | 14-04-2025 | 2025-00069092 |
| 30-09-2023 | full format | 30-04-2024 | 2024-00077016 |
| 30-09-2022 | full format | 03-05-2023 | 2023-00080289 |
| 30-09-2021 | abbreviated format | 19-05-2022 | 2022-20031128 |
| 30-09-2020 | abbreviated format | 29-04-2021 | 2021-12600407 |
| 30-09-2019 | full format | 29-04-2020 | 2020-10800068 |
| 30-09-2018 | full format | 12-04-2019 | 2019-09900523 |
| 30-09-2017 | full format | 09-04-2018 | 2018-09400057 |
| 30-09-2016 | full format | 06-04-2017 | 2017-09100404 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 6,906 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.