KEL-TECH
ActiveSummary
The computed 12-month bankruptcy probability of KEL-TECH is 2.2% (moderate). The 2025 annual accounts show equity of €5,025 and a net result of €4,354. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 16% of 34,728 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €5,025
- Profit
- €4,354
Why 53raises riskFounded in 2023Sector: Specialised construction activities (NACE 43)Liquidity: current ratio 0.80, cash €269lowers riskFigures for financial year 2025 (filed 09-07-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 16% on solvency, 3% on liquidity, 66% on profitability and 99% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 8 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €4,354
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €6,557 after a loss of €1,572 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: 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).
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,416 | €9,297 | €9,363 | ▲ 0.7% |
| Other operating charges640/8 | €1,880 | €2,073 | €2,029 | ▼ 2.1% |
| Gross operating margin9900 | €15,237 | €9,798 | €17,950 | ▲ 83.2% |
| Operating profit (loss)9901 | €4,941 | -€1,572 | €6,557 | - |
| Financial income75/76B | €121 | €796 | €541 | ▼ 32.1% |
| Recurring financial income75 | €121 | €796 | €541 | ▼ 32.1% |
| Financial charges65/66B | €1,978 | €2,514 | €1,997 | ▼ 20.6% |
| Recurring financial charges65 | €1,978 | €2,514 | €1,997 | ▼ 20.6% |
| Profit (loss) for the period before taxes9903 | €3,083 | -€3,291 | €5,101 | - |
| Income taxes67/77 | €978 | €144 | €747 | ▲ 419% |
| Profit (loss) for the period9904 | €2,105 | -€3,435 | €4,354 | - |
| Profit (loss) for the period to be appropriated9905 | €2,105 | -€3,435 | €4,354 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €43,377 | €49,030 | €37,420 | ▼ 23.7% |
| Fixed assets21/28 | €29,074 | €19,776 | €11,567 | ▼ 41.5% |
| Tangible fixed assets22/27 | €28,774 | €19,476 | €11,567 | ▼ 40.6% |
| Plant, machinery and equipment23 | - | - | €1,388 | - |
| Leasing and similar rights25 | €28,774 | €19,476 | €10,179 | ▼ 47.7% |
| Financial fixed assets28 | €300 | €300 | - | - |
| Current assets29/58 | €14,304 | €29,254 | €25,853 | ▼ 11.6% |
| Stocks and contracts in progress3 | €3,000 | €3,000 | €3,000 | = |
| Stocks30/36 | €3,000 | €3,000 | €3,000 | = |
| Amounts receivable within one year40/41 | €9,865 | €23,885 | €20,116 | ▼ 15.8% |
| Trade receivables40 | €5,821 | €21,162 | €17,622 | ▼ 16.7% |
| Other amounts receivable41 | €4,043 | €2,723 | €2,494 | ▼ 8.4% |
| Cash at bank and in hand54/58 | €0 | €45 | €269 | ▲ 493% |
| Deferred charges and accrued income490/1 | €1,439 | €2,324 | €2,469 | ▲ 6.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €43,377 | €49,030 | €37,420 | ▼ 23.7% |
| Equity10/15 | €4,105 | €671 | €5,025 | ▲ 649% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €2,105 | €2,105 | €3,025 | ▲ 43.7% |
| Distributable reserves133 | €2,105 | €2,105 | €3,025 | ▲ 43.7% |
| Profit (loss) carried forward14 | - | -€3,435 | - | - |
| Amounts payable17/49 | €39,272 | €48,359 | €32,395 | ▼ 33.0% |
| Amounts payable after more than one year17 | €16,376 | €3,997 | - | - |
| Financial debts170/4 | €16,376 | €3,997 | - | - |
| Amounts payable within one year42/48 | €22,896 | €44,362 | €32,395 | ▼ 27.0% |
| Current portion of amounts payable after more than one year42 | €11,642 | €12,379 | €3,997 | ▼ 67.7% |
| Financial debts43 | €876 | €14,260 | €8,076 | ▼ 43.4% |
| Credit institutions430/8 | €876 | €14,260 | €8,076 | ▼ 43.4% |
| Trade debts44 | €8,089 | €11,289 | €6,333 | ▼ 43.9% |
| Suppliers440/4 | €8,089 | €11,289 | €6,333 | ▼ 43.9% |
| Taxes, remuneration and social security45 | €2,289 | €3,173 | €3,976 | ▲ 25.3% |
| Taxes450/3 | €2,289 | €1,473 | €2,276 | ▲ 54.5% |
| Remuneration and social security454/9 | - | €1,700 | €1,700 | = |
| Other amounts payable47/48 | €0 | €3,260 | €10,013 | ▲ 207% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,105 | -€3,435 | €4,354 | - |
| + Depreciation and write-downs630 | €8,416 | €9,297 | €9,363 | ▲ 0.7% |
| Operating cash flow (approximation) | €10,521 | €5,862 | €13,718 | ▲ 134% |
| Investment in fixed assets (approximation) | - | €0 | -€1,154 | - |
| Change in cash | - | €45 | €223 | ▲ 393% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 09-07-2026 | 2026-00274455 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00321396 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00310472 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
20-02
Gazette deed
IncorporationAppointment: KELCHTERMANS Rob (director) · Registered office clause · Pre-incorporation commitments10 facts ▸
- Registered office clause, “3950 Bocholt,Balkenstraat 16” (deed in Dutch)
- Director appointment, KELCHTERMANS Rob (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “ontledend uittreksel, enig doel voorlegging voor inschrijving in kruispuntbank bij ondernemingsloket” (deed in Dutch)
- Incorporation, 14-02-2023
- Founder, KELCHTERMANS Rob
- Other provision, “burgerlijke staat en samenwoning, ongehuwd” (deed in Dutch)
- Founding capital, €2,000
- Bank account, 2000, “vennootschap in oprichting” (deed in Dutch)
- Capital, €2,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0798.512.908
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72003C1152/00A010 | Flanders | 412 m² | 1 · 119 m² | 7.4 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Reparatie en onderhoud van verwarmingsinstallaties; Installatie van hulpvoedingssystemen (generatoraggregaten); Elektrotechnische…” (deed in Dutch)
27 activities (deed in Dutch)
- Reparatie en onderhoud van verwarmingsinstallaties
- Installatie van hulpvoedingssystemen (generatoraggregaten)
- Elektrotechnische installatiewerken aan gebouwen
- Installatie van elektrische bedrading en toebehoren
- Elektrotechnische installatiewerken, uitgezonderd aan gebouwen
- Loodgieterswerk
- Installatie van verwarming, klimaatregeling en ventilatie
- Installatie van elektrische verwarmingsinstallaties
- Isolatiewerkzaamheden
- Overige installaties (inclusief accessoires), niet elders genoemd
- Algemene bouwinstallatie
- Installatie van particuliere zwembaden
- Handelsbemiddeling in loodgietersmateriaal, elektrisch installatiemateriaal voor huishoudelijk gebruik en verwarmingsinstallaties
- Andere reinigingsactiviteiten
- Aanleg van leidingen voor het vervoer en de distributie van elektrische energie
- Bouwrijp maken van terreinen
- Installatie van stores en zonneschermen
- Installatie van liften en roltrappen
- Gevelreiniging door middel van zandstralen, met behulp van stoom, enzovoort
- Uitvoeren van voegwerken
- Bouwen van funderingen, inclusief heien
- Uitvoeren van hijs- en hefwerkzaamheden voor rekening van derden
- Optrekken en afbreken van steigers en werkplatforms
- Schoorsteenvegen en het schoonmaken van vuurplaatsen, kachels, ovens, ketels van centrale verwarming, ventilatiekanalen en uitlaatsystemen
- Het verwerven van aandelen, obligaties, kasbons of andere roerende waarden van welke vorm dan ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen, private of publiekrechtelijke rechtspersonen en instellingen
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm.
- Alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de vestiging of verkrijging van onroerende zakelijke rechten, zoals daar zijn vruchtgebruik, opstal en erfpacht, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de ruil, de verkaveling en, in het algemeen, alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KEL-TECH
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Vergoeding bestuurders, algemene kosten” (deed in Dutch)“1” (deed in Dutch)“Bestuursorgaan, aantal,duur opdracht,bevoegdheid bij meerdere bestuurders” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor