KELBAS
ActiveThe computed 12-month bankruptcy probability of KELBAS is 3.4% (moderate). The 2025 annual accounts show equity of €110k and a net result of €-7k. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 94% of 13270 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+2
Solvency100▲+2
Growth70▼-5
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.96 against 2.94 in 2024; short-term debt: 13.5% and cash: 12.1% of total assets), and 13.5% 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.
+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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-7k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
60 d early
2024
29 d early
2023
8 d early
2022
142 d late
2021
124 d late
2020
2 d early
2019
32 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
€358k▼ 12.5%
2024 · €409k
2019: €242k
2020: €242k
2021: €398k
2022: €379k
2023: €431k
2024: €409k
2019 → 2025
EBIT margin
1.4%▲ 0.4pp
2024 · 1.0%
2019: 5.1%
2020: 9.4%
2021: 24.1%
2022: 1.5%
2023: 7.3%
2024: 1.0%
2019 → 2025
Net result
€-7k▼ 143%
2024 · €-3k
2018: €-8k
2019: €-18k
2020: €20k
2021: €92k
2022: €-6k
2023: €22k
2024: €-3k
2018 → 2025
Working capital
€86k▲ 1.4%
2024 · €84k
2018: €1k
2019: €-27k
2020: €-11k
2021: €83k
2022: €76k
2023: €82k
2024: €84k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€398k-€379k▼ 4.7%€431k▲ 13.6%€409k▼ 5.1%€358k▼ 12.5%
Equity€105k-€99k▼ 5.9%€121k▲ 22.3%€118k▼ 2.5%€110k▼ 6.2%
Operating result€96k-€6k▼ 94.1%€32k▲ 455%€4k▼ 87.5%€5k▲ 25.6%
Net result€92k-€-6k€22k€-3k€-7k▼ 143%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128k
Fixed assets
€25k▼ 25.4%
Current assets
€103k▼ 19.7%
Equity and liabilities €128k
Equity
€110k▼ 6.2%
Debt
€17k▼ 60.5%
The debt ratio falls from 27.0% to 13.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €13k
Cash flow
€1k▼
2024 · €6k
Solvency
86.5%▲
2024 · 73.0%
Current ratio
5.96▲
2024 · 2.94
Quick ratio
5.29▲
2024 · 2.68
Debt / equity
0.16▼
2024 · 0.37
ROE
-6.6%▼
2024 · -2.6%
ROA
-5.7%▼
2024 · -1.9%
Interest coverage
2.63▲
2024 · 1.87
Debt
€17k▼
2024 · €44k
Debt ≤ 1 year
€17k▼
2024 · €44k
Income taxes
€7k
Staff costs
€9k▼
2024 · €23k
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€161k€128k▼
Fixed assets21/28€33k€25k▼
Tangible fixed assets22/27€24k€16k▼
Land and buildings22€2k€888▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€19k€13k▼
Financial fixed assets28€9k€9k=
Current assets29/58€128k€103k▼
Stocks and contracts in progress3€11k€12k▲
Stocks30/36€11k€12k▲
Amounts receivable within one year40/41€112k€76k▼
Trade receivables40€8k€9k▲
Other amounts receivable41€104k€66k▼
Cash at bank and in hand54/58€5k€15k▲
Equity and liabilities
Total equity and liabilities10/49€161k€128k▼
Equity10/15€118k€110k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€86k€86k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€84k€84k=
Profit (loss) carried forward14€13k€5k▼
Amounts payable17/49€44k€17k▼
Amounts payable within one year42/48€44k€17k▼
Trade debts44€27k€13k▼
Suppliers440/4€27k€13k▼
Taxes, remuneration and social security45€16k€4k▼
Taxes450/3€4k€1k▼
Remuneration and social security454/9€12k€3k▼
Other amounts payable47/48€560-
Income statement
Code20242025
Turnover70€409k€358k▼
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€364k€301k▼
Remuneration, social security and pensions62€23k€9k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€9k€35k▲
Gross operating margin9900€45k€57k▲
Operating profit (loss)9901€4k€5k▲
Financial income75/76B€2€65▲
Recurring financial income75€2€65▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€-3k€-80▲
Income taxes67/77-€7k
Profit (loss) for the period9904€-3k€-7k▼
Profit (loss) for the period to be appropriated9905€-3k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€5k▼
Profit (loss) brought forward from the previous period14P€16k€13k▼
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.96
Current ratio from 2.94 to 5.96; short-term debt falls from €44k to €17k.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Equity above €100kEq €121k ▲22.3%
Equity rises from €99k to €121k.
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 124 days late
2021
31-12
Financial
Highest result since 2018net €92k ▲351%
Operating result €96k, net result €92k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.22
Current ratio from 0.78 to 3.22; short-term debt falls from €47k to €37k.
31-12
Financial
Equity above €100kEq €105k ▲726%
2 profitable years in a row build equity to €105k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
02-07
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, Ukkel · 1 establishment unit since 2019
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.
Victor Allardstraat 411180 UkkelGround area
138 m²
Building footprint
138 m²
Volume, LiDAR
1,407 m³
Parcel 21616A0183/00K019, Brussels · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Epicurio
since 20192.284.786.104
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0183/00K019 | Brussels | 138 m² | 1 · 138 m² | 14.8 m · 4 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 siteUkkel2.284.786.104
Similar companies · same sector, comparable size
DEBSON
BE 0802.344.309
Liège · Eq €110k
4COMTRADE
BE 0428.640.426
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NITO
BE 0766.325.140
Tongeren-Borgloon · Eq €110k
JANS BUFFETTEN
BE 0865.734.502
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ON SERVE
BE 0691.561.795
Sint-Truiden · Eq €110k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,450 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-10-2017
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56220Contract catering and other food service activities
56290Food and beverage service activities
56301Cafés and bars
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.