KEGELS
ActiveKEGELS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.26M and a net result of €228k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 60% of 379 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
84
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▼-1
Solvency94▲+13
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.66 in 2024), but 51.7% 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 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
48.3%
Return on assets
8.8%
Age of the figures
8 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
85 d early
2023
48 d early
2022
29 d early
2021
48 d early
2020
33 d early
2019
14 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€11.28M
EBIT margin
2.6%
Net result
€228k▲ 9.0%
2024 · €210k
2018: €67k
2019: €60k
2020: €125k
2021: €129k
2022: €110k
2023: €178k
2024: €210k
2018 → 2025
Working capital
€1.25M▲ 28.0%
2024 · €980k
2018: €339k
2019: €417k
2020: €532k
2021: €717k
2022: €734k
2023: €944k
2024: €980k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.28M
Equity€848k-€958k▲ 12.9%€1.14M▲ 18.6%€1.14M=€1.26M▲ 10.9%
Operating result€192k-€169k▼ 12.1%€297k▲ 75.7%€315k▲ 6.0%€349k▲ 11.0%
Net result€129k-€110k▼ 14.8%€178k▲ 62.2%€210k▲ 17.7%€228k▲ 9.0%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.61M
Fixed assets
€134k▼ 17.2%
Current assets
€2.47M▲ 0.7%
Equity and liabilities €2.61M
Equity
€1.26M▲ 10.9%
Debt
€1.35M▼ 9.1%
The debt ratio falls from 56.6% to 51.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€396k▲
2024 · €363k
Cash flow
€275k▲
2024 · €257k
Solvency
48.3%▲
2024 · 43.4%
Current ratio
2.03▲
2024 · 1.66
Quick ratio
0.47▲
2024 · 0.44
Debt / equity
1.07▼
2024 · 1.30
ROE
18.1%▼
2024 · 18.5%
ROA
8.8%▲
2024 · 8.0%
Interest coverage
16.14▲
2024 · 11.07
Debt
€1.35M▼
2024 · €1.48M
Debt ≤ 1 year
€1.22M▼
2024 · €1.48M
Debt > 1 year
€124k
Income taxes
€98k▲
2024 · €73k
Staff costs
€725k▲
2024 · €679k
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€2.62M€2.61M▼
Fixed assets21/28€161k€134k▼
Tangible fixed assets22/27€155k€127k▼
Land and buildings22€16k€2k▼
Plant, machinery and equipment23€133k€119k▼
Furniture and vehicles24€5k€5k▼
Financial fixed assets28€7k€7k=
Current assets29/58€2.46M€2.47M▲
Stocks and contracts in progress3€1.81M€1.90M▲
Stocks30/36€1.81M€1.90M▲
Amounts receivable within one year40/41€342k€360k▲
Trade receivables40€320k€358k▲
Other amounts receivable41€22k€2k▼
Cash at bank and in hand54/58€303k€201k▼
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€2.62M€2.61M▼
Equity10/15€1.14M€1.26M▲
Contributions10/11€77k€77k=
Capital10€77k€77k=
Issued capital100€77k€77k=
Reserves13€1.06M€1.18M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.03M€1.16M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.48M€1.35M▼
Amounts payable after more than one year17-€124k
Financial debts170/4-€124k
Amounts payable within one year42/48€1.48M€1.22M▼
Current portion of amounts payable after more than one year42€202k€65k▼
Trade debts44€989k€857k▼
Suppliers440/4€989k€857k▼
Taxes, remuneration and social security45€74k€191k▲
Taxes450/3€18k€126k▲
Remuneration and social security454/9€55k€66k▲
Other amounts payable47/48€211k€104k▼
Accrued charges and deferred income492/3€6k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€679k€725k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€46k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-18k€-43k▼
Other operating charges640/8€39k€38k▼
Gross operating margin9900€1.06M€1.12M▲
Operating profit (loss)9901€315k€349k▲
Financial income75/76B€996€2k▲
Recurring financial income75€996€2k▲
Financial charges65/66B€33k€25k▼
Recurring financial charges65€33k€25k▼
Profit (loss) for the period before taxes9903€283k€327k▲
Income taxes67/77€73k€98k▲
Profit (loss) for the period9904€210k€228k▲
Profit (loss) for the period to be appropriated9905€210k€228k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.16M€228k▼
Profit (loss) brought forward from the previous period14P€952k€0▼
Transfer to equity691/2€952k€124k▼
To other reserves6921€952k€124k▼
Profit to be distributed694/7€210k€104k▼
Return on contributions (dividend)694€210k€104k▼
Social balance
Average headcount (FTE)908710.511.9▲
The notes to these accounts (12 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €228k ▲9%
Operating result €349k, net result €228k, both a record.
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.14M ▲18.6%
6 profitable years in a row build equity to €1.14M.
02-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €60k ▼10.2%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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
8 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, Oud-Turnhout · 1 establishment unit since 1989
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.
Ambachtstraat 92360 Oud-TurnhoutGround area
1,817 m²
Building footprint
793 m²
Volume, LiDAR
3,695 m³
Parcel 13031C0791/00C000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KEGELS
since 19892.043.136.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0791/00C000 | Flanders | 1,817 m² | 1 · 793 m² | 8.9 m · 2 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
2022 to 2023 · 2 entries · 2,600 EUR awarded · 2,600 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,100 EUR | 2,100 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
6 live approvals · 5 endedAutotechnieken duaal (so)
Bandenmonteur (vwo)
Bandenmonteur duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Similar companies · same sector, comparable size
TRUCK SERVICE LONDERZEEL
BE 0477.173.187
Londerzeel · Eq €1.26M
TRANS CAR BELGIUM
BE 0479.875.034
Boortmeerbeek · Eq €1.26M
VAG
BE 0425.552.559
Turnhout · Eq €1.26M
GARAGE ROUAEN
BE 0449.865.214
Merelbeke-Melle · Eq €1.26M
B2 CARS
BE 0795.531.345
Wijnegem · Eq €1.26M
Of 10,618 companies in sector 47811 we hold annual accounts for 5,192. 2,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-04-1989
Fiscal year end31-12
Activities, NACEBEL
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.kegelsturnhout.be
E-mail:info@kegelsturnhout.be