Checked.be
Active
BE 0802.116.853Private limited company
KELA Solutions
Kerkstraat 19 ·2940 Stabroek, Belgium· 3 yrs active
Sector: Engineering and related technical consultancy, excluding land surveyors
(71121)
Conclusion
KELA Solutions has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-4k) and a net result of €-5k. Its solvency ranks better than 9% of 11618 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €-4k |
| Net result | €-5k |
| Better than sector | 9% |
| Active | 3 yrs |
Financial profile
55
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
12
Profitability
100
Solvency
36
Growth
32
Stability
94
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
12
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
10
2023
12
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.63 (< 1.0)
-10
Equity
Negative equity
-25
Profitability
ROE 106% (≥ 10%)
+10
Interest coverage
Interest coverage 1.5× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-09-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -9.5% | 54.7% | |
| Net result | €-5k | €15k | |
| Equity | €-4k | €67k | |
| Gross operating margin | €7k | €40k | |
| Total assets | €47k | €141k |
€6k
-
23-24
€-5k
-108.4%
23-24
€2k
-
23-24
€47k
+184.9%
23-24
€-4k
-
23-24
€-9k
-9092.6%
23-24
€235
+294.6%
23-24
€51k
+216.9%
23-24
€25k
+79.3%
23-24
€26k
+1046.9%
23-24
0.63
-37.0%
23-24
0.63
-37.0%
23-24
-9.5%
-
23-24
-11.55
-
23-24
105.8%
-
23-24
-10.0%
+26.8%
23-24
1.47
-
23-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ |
|---|---|---|
| Deposit | micro schema | micro schema |
| Revenue | - | - |
| EBITDA | - | - |
| Net profit | -108.4% | - |
| Cash flow | - | - |
| Staff costs | - | - |
| Income taxes | +294.6% | - |
| Dividends | - | - |
| Total assets | +184.9% | - |
| Equity | - | - |
| Debt | +216.9% | - |
| of which ≤ 1y | +79.3% | - |
| of which > 1y | +1046.9% | - |
| Working capital | -9092.6% | - |
| Employees (FTE) | - | - |
Ratios (computed)
| 2024 | 2023 | |
|---|---|---|
| Current ratio | 0.63 | 0.99 |
| Quick ratio | 0.63 | 0.99 |
| Working capital ratio | -19.8% | -0.6% |
| Solvency | -9.5% | 1.6% |
| Debt / equity | -11.55 | 62.55 |
| Long-term debt ratio | -5.77 | 8.64 |
| Interest coverage | 1.47 | -5.38 |
| Gross margin | - | - |
| Net margin | - | - |
| ROA | -10.0% | -13.7% |
| ROE | 105.8% | -871.3% |
| EBITDA margin | - | - |
| Days sales outstanding | - | - |
| Days payable outstanding | - | - |
| Inventory turnover | - | - |
| Days inventory (DSI) | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 |
|---|---|---|---|
| Balance sheet, Assets | |||
| TOTAL ASSETS | 20/58 | €47k | €16k |
| Fixed assets | 21/28 | €31k | €2k |
| Formation expenses | 20 | - | €363 |
| Tangible fixed assets | 22/27 | €31k | €2k |
| Financial fixed assets | 28 | €290 | - |
| Current assets | 29/58 | €15k | €14k |
| Amounts receivable within one year | 40/41 | €7k | €5k |
| Cash & bank | 54/58 | €5k | €6k |
| Balance sheet, Equity & liabilities | |||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k | €16k |
| Equity | 10/15 | €-4k | €257 |
| Contributions / capital | 10/11 | €3k | €3k |
| Accumulated profits (losses) | 14 | €-7k | €-2k |
| Amounts payable | 17/49 | €51k | €16k |
| Amounts payable after one year | 17 | €26k | €2k |
| Amounts payable within one year | 42/48 | €25k | €14k |
| Trade debts payable within one year | 44 | €14k | €12k |
| Income statement | |||
| Gross operating margin | 9900 | €7k | €-840 |
| Operating result | 9901 | €-375 | €-2k |
| Financial income | 75 | €0 | €150 |
| Financial charges | 65 | €4k | €273 |
| Result before taxes | 9903 | €-4k | €-2k |
| Income taxes | 67/77 | €235 | €60 |
| Net result for the period | 9904 | €-5k | €-2k |
| Result to be appropriated | 9905 | €-5k | €-2k |
Legal Structure
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Private limited company(610) |
| Incorporation | 25-05-2023 |
| Status | Active |
| Postal code | 2940 |
Establishment units
KELA Solutions
since 20232.346.219.964
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11020G0017/00H000 | Flanders | 275 m² | 1 · 25 m² | 10.5 m · 1 fl. |
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.
Updates
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
NBB filing
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Engineering and related technical consultancy, excluding land surveyors71121
Names & trade names
| Legal nameNL | KELA Solutions |
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