KELENN
ActiveSummary
KELENN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499k and a net result of €79k. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 95% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 22.78 against 28.05 in 2024; short-term debt: 4% and cash: 57% of total assets), and 4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
96%
Return on assets
15.2%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
39 d early
2024
57 d early
2023
26 d early
2022
40 d early
2021
21 d early
2020
58 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€499k▲ 5.6%
2024 · €473k
2019: €71klowest in 7 years
2020: €144k▲ +103% vs 2019
2021: €226k▲ +56.6% vs 2020
2022: €298k▲ +31.9% vs 2021
2023: €392k▲ +31.5% vs 2022
2024: €473k▲ +20.8% vs 2023
2025: €499k▲ +5.6% vs 2024highest in 7 years
2019 → 2025
Total assets
€520k▲ 6.5%
2024 · €488k
2019: €150klowest in 7 years
2020: €200k▲ +33.5% vs 2019
2021: €276k▲ +37.7% vs 2020
2022: €310k▲ +12.5% vs 2021
2023: €416k▲ +34.0% vs 2022
2024: €488k▲ +17.3% vs 2023
2025: €520k▲ +6.5% vs 2024highest in 7 years
2019 → 2025
Net result
€79k▼ 3.2%
2024 · €81k
2019: €52klowest in 7 years
2020: €73k▲ +39.2% vs 2019
2021: €82k▲ +11.6% vs 2020
2022: €72k▼ -11.6% vs 2021
2023: €94k▲ +30.3% vs 2022highest in 7 years
2024: €81k▼ -13.3% vs 2023
2025: €79k▼ -3.2% vs 2024
2019 → 2025
Working capital
€452k▲ 10.4%
2024 · €409k
2019: €53klowest in 7 years
2020: €123k▲ +133% vs 2019
2021: €213k▲ +73.9% vs 2020
2022: €283k▲ +32.7% vs 2021
2023: €313k▲ +10.6% vs 2022
2024: €409k▲ +30.8% vs 2023
2025: €452k▲ +10.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€226k-€298k▲ 31.9%€392k▲ 31.5%€473k▲ 20.8%€499k▲ 5.6%
2021: €226klowest in 5 years
2022: €298k▲ +31.9% vs 2021
2023: €392k▲ +31.5% vs 2022
2024: €473k▲ +20.8% vs 2023
2025: €499k▲ +5.6% vs 2024highest in 5 years
Operating result€115k-€101k▼ 11.9%€125k▲ 22.9%€108k▼ 13.5%€104k▼ 3.9%
2021: €115k
2022: €101k▼ -11.9% vs 2021lowest in 5 years
2023: €125k▲ +22.9% vs 2022highest in 5 years
2024: €108k▼ -13.5% vs 2023
2025: €104k▼ -3.9% vs 2024
Net result€82k-€72k▼ 11.6%€94k▲ 30.3%€81k▼ 13.3%€79k▼ 3.2%
2021: €82k
2022: €72k▼ -11.6% vs 2021lowest in 5 years
2023: €94k▲ +30.3% vs 2022highest in 5 years
2024: €81k▼ -13.3% vs 2023
2025: €79k▼ -3.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520k
Fixed assets
€48k ▼ 25.5%
Current assets
€473k ▲ 11.4%
Equity and liabilities €520k
Equity
€499k ▲ 5.6%
Debt
€21k ▲ 37.1%
Debt's share of the balance-sheet total rises from 3.1% to 4.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€124k▼
2024 · €126k
Cash flow
€99k▼
2024 · €99k
Current ratio
22.78▼
2024 · 28.05
Debt to equity
0.04▲
2024 · 0.03
ROE
15.8%▼
2024 · 17.2%
ROA
15.2%▼
2024 · 16.7%
Interest coverage
353.94▼
2024 · 1010.11
Debt ≤ 1 year
€21k▲
2024 · €15k
Income taxes
€31k▼
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€488k€520k▲
Fixed assets21/28€64k€48k▼
Tangible fixed assets22/27€64k€48k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€56k€43k▼
Current assets29/58€424k€473k▲
Amounts receivable within one year40/41€46k€42k▼
Trade receivables40€42k€42k▲
Other amounts receivable41€4k-
Current investments50/53€257k€132k▼
Cash at bank and in hand54/58€120k€296k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€488k€520k▲
Equity10/15€473k€499k▲
Contributions10/11€19k€19k=
Reserves13€454k€481k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€453k€479k▲
Amounts payable17/49€15k€21k▲
Amounts payable within one year42/48€15k€21k▲
Trade debts44€989€2k▲
Suppliers440/4€989€2k▲
Taxes, remuneration and social security45€10k€15k▲
Taxes450/3€10k€15k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€20k▲
Other operating charges640/8€570€387▼
Gross operating margin9900€126k€124k▼
Operating profit (loss)9901€108k€104k▼
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€3k€350▼
Recurring financial charges65€125€350▲
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€114k€110k▼
Income taxes67/77€32k€31k▼
Profit (loss) for the period9904€81k€79k▼
Profit (loss) for the period to be appropriated9905€81k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€79k▼
Transfer from equity791/2-€52k
Transfer to equity691/2€81k€79k▼
To other reserves6921€81k€79k▼
Profit to be distributed694/7-€52k
Return on contributions (dividend)694-€52k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €10k | €18k | €20k | ▲ 11.1% |
| Other operating charges640/8 | - | €405 | €370 | €570 | €387 | ▼ 32.0% |
| Gross operating margin9900 | €127k | €114k | €135k | €126k | €124k | ▼ 1.9% |
| Operating profit (loss)9901 | €115k | €101k | €125k | €108k | €104k | ▼ 3.9% |
| Financial income75/76B | - | €0 | €7k | €8k | €6k | ▼ 23.2% |
| Recurring financial income75 | - | €0 | €2k | €8k | €6k | ▼ 23.2% |
| Non-recurring financial income76B | - | - | €5k | - | - | - |
| Financial charges65/66B | - | €167 | €641 | €3k | €350 | ▼ 86.7% |
| Recurring financial charges65 | €221 | €167 | €641 | €125 | €350 | ▲ 180% |
| Non-recurring financial charges66B | - | - | - | €3k | - | - |
| Profit (loss) for the period before taxes9903 | €115k | €101k | €131k | €114k | €110k | ▼ 3.4% |
| Income taxes67/77 | €33k | €29k | €38k | €32k | €31k | ▼ 4.0% |
| Profit (loss) for the period9904 | €82k | €72k | €94k | €81k | €79k | ▼ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €82k | €72k | €94k | €81k | €79k | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €276k | €310k | €416k | €488k | €520k | ▲ 6.5% |
| Fixed assets21/28 | €24k | €19k | €79k | €64k | €48k | ▼ 25.5% |
| Tangible fixed assets22/27 | €22k | €17k | €76k | €64k | €48k | ▼ 25.5% |
| Plant, machinery and equipment23 | - | €6k | €6k | €7k | €5k | ▼ 37.5% |
| Furniture and vehicles24 | - | €11k | €70k | €56k | €43k | ▼ 23.9% |
| Financial fixed assets28 | €3k | €3k | €3k | - | - | - |
| Current assets29/58 | €251k | €291k | €337k | €424k | €473k | ▲ 11.4% |
| Stocks and contracts in progress3 | - | - | €2k | - | - | - |
| Stocks30/36 | - | - | €2k | - | - | - |
| Amounts receivable within one year40/41 | €31k | €34k | €45k | €46k | €42k | ▼ 7.6% |
| Trade receivables40 | - | €33k | €45k | €42k | €42k | ▲ 0.7% |
| Other amounts receivable41 | - | €2k | €84 | €4k | - | - |
| Current investments50/53 | - | - | €152k | €257k | €132k | ▼ 48.6% |
| Cash at bank and in hand54/58 | €220k | €256k | €138k | €120k | €296k | ▲ 148% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €2k | €2k | ▼ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €276k | €310k | €416k | €488k | €520k | ▲ 6.5% |
| Equity10/15 | €226k | €298k | €392k | €473k | €499k | ▲ 5.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €207k | €279k | €373k | €454k | €481k | ▲ 5.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €277k | €371k | €453k | €479k | ▲ 5.8% |
| Amounts payable17/49 | €50k | €13k | €24k | €15k | €21k | ▲ 37.1% |
| Amounts payable after more than one year17 | €12k | €4k | - | - | - | - |
| Financial debts170/4 | - | €4k | - | - | - | - |
| Amounts payable within one year42/48 | €38k | €8k | €24k | €15k | €21k | ▲ 37.1% |
| Trade debts44 | €1k | €3k | - | €989 | €2k | ▲ 69.9% |
| Suppliers440/4 | - | €3k | - | €989 | €2k | ▲ 69.9% |
| Taxes, remuneration and social security45 | - | €3k | €20k | €10k | €15k | ▲ 47.3% |
| Taxes450/3 | - | - | €20k | €10k | €15k | ▲ 47.3% |
| Remuneration and social security454/9 | - | €3k | - | - | - | - |
| Other amounts payable47/48 | - | €3k | €5k | €4k | €4k | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82k | €72k | €94k | €81k | €79k | ▼ 3.2% |
| + Depreciation and write-downs630 | €11k | €12k | €10k | €18k | €20k | ▲ 11.1% |
| Operating cash flow (approximation) | €93k | €84k | €104k | €99k | €99k | ▼ 0.6% |
| Investment in fixed assets (approximation) | - | €-7k | €-70k | €-3k | €-4k | ▼ 26.4% |
| Change in cash | - | €36k | €-118k | €-18k | €177k | ▲ 1,083% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 28.05
Current ratio from 13.79 to 28.05; short-term debt falls from €24k to €15k.
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €94k ▲30.3%
Operating result €125k, net result €94k, both a record.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity times 5current ratio 34.92
Current ratio from 6.56 to 34.92; short-term debt falls from €38k to €8k.
10-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Equity above €200kEq €226k ▲56.6%
3 profitable years in a row build equity to €226k.
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €100kEq €144k ▲103%
2 profitable years in a row build equity to €144k.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Lubbeek · 1 establishment unit since 2018
Ground area
989 m²
Building footprint
141 m²
Volume, LiDAR
825 m³
Parcel 24090A0085/00M004, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KELENN
since 20182.277.705.203
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24090A0085/00M004 | Flanders | 989 m² | 1 · 141 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.