Kelgtermans M & B is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €928k and a net result of €122k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 5523 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
20 d early
2022
60 d late
2021
29 d late
2020
13 d late
2019
17 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€928k▲ 15.1%
2024 · €806k
2018: €326k
2019: €391k
2020: €459k
2021: €529k
2022: €590k
2023: €724k
2024: €806k
2018 → 2025
Net result
€122k▲ 49.2%
2024 · €82k
2018: €61k
2019: €66k
2020: €68k
2021: €70k
2022: €61k
2023: €134k
2024: €82k
2018 → 2025
Total assets
€1.16M▲ 4.6%
2024 · €1.11M
2018: €488k
2019: €471k
2020: €538k
2021: €1.14M
2022: €1.14M
2023: €1.10M
2024: €1.11M
2018 → 2025
Solvency
79.9%▲ 7.3pp
2024 · 72.6%
2018: 66.8%
2019: 83.1%
2020: 85.2%
2021: 46.5%
2022: 51.9%
2023: 65.9%
2024: 72.6%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€529k-€590k▲ 11.6%€724k▲ 22.8%€806k▲ 11.3%€928k▲ 15.1%
Operating result€84k-€87k▲ 3.3%€84k▼ 3.6%€85k▲ 1.4%€63k▼ 25.9%
Net result€70k-€61k▼ 12.0%€134k▲ 119%€82k▼ 39.2%€122k▲ 49.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€1.05M=
Current assets
€112k▲ 83.7%
Equity and liabilities €1.16M
Equity
€928k▲ 15.1%
Debt
€234k▼ 23.3%
The debt ratio falls from 27.4% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
79.9%▲
2024 · 72.6%
ROE
13.1%▲
2024 · 10.1%
ROA
10.5%▲
2024 · 7.4%
Debt
€234k▼
2024 · €305k
Debt ≤ 1 year
€92k▲
2024 · €91k
Debt > 1 year
€142k▼
2024 · €214k
Income taxes
€17k▼
2024 · €18k
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€1.11M€1.16M▲
Fixed assets21/28€1.05M€1.05M=
Financial fixed assets28€1.05M€1.05M=
Current assets29/58€61k€112k▲
Amounts receivable within one year40/41€16k€21k▲
Trade receivables40€15k€15k=
Other amounts receivable41€339€6k▲
Cash at bank and in hand54/58€45k€91k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€1.16M▲
Equity10/15€806k€928k▲
Contributions10/11€12k€12k=
Reserves13€62k€112k▲
Distributable reserves133€62k€112k▲
Profit (loss) carried forward14€732k€804k▲
Amounts payable17/49€305k€234k▼
Amounts payable after more than one year17€214k€142k▼
Financial debts170/4€214k€142k▼
Amounts payable within one year42/48€91k€92k▲
Current portion of amounts payable after more than one year42€76k€77k▲
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€8k€13k▲
Taxes450/3€8k€13k▲
Other amounts payable47/48€5k€275▼
Accrued charges and deferred income492/3€275-
Income statement
Code20242025
Other operating charges640/8€1k€1k▲
Gross operating margin9900€86k€64k▼
Operating profit (loss)9901€85k€63k▼
Financial income75/76B€20k€80k▲
Recurring financial income75€20k€80k▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€100k€139k▲
Income taxes67/77€18k€17k▼
Profit (loss) for the period9904€82k€122k▲
Profit (loss) for the period to be appropriated9905€82k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€752k€854k▲
Profit (loss) brought forward from the previous period14P€670k€732k▲
Transfer to equity691/2€20k€50k▲
To other reserves6921€20k€50k▲
The notes to these accounts (8 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €134k ▲119%
Net result €134k, the highest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet €61k ▼12%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Equity above €500kEq €529k ▲15.2%
4 profitable years in a row build equity to €529k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.13
Current ratio from 0.27 to 1.13; short-term debt falls from €78k to €78k.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Lommel · 1 establishment unit since 2013
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.
Schamprood 1533920 LommelGround area
1,419 m²
Building footprint
211 m²
Volume, LiDAR
1,045 m³
Parcel 72345B1007/00F020, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schamprood 153, 3920 Lommel
since 20132.215.125.850
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72345B1007/00F020 | Flanders | 1,419 m² | 1 · 211 m² | 7.8 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 12,867 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2012
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.