Summary
KELKRO 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 €656,122 and a net result of €193,669. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 57% of 5587 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
1 signal. 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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
4 d late
2023
19 d late
2022
29 d late
2021
41 d early
2020
9 d late
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 4 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€656,122▼ 33.2%
2024 · €982,454
Net result
€193,669▼ 0.9%
2024 · €195,524
Total assets
€1.1m▼ 9.9%
2024 · €1.2m
Solvency
59.5%▼ 20.8pp
2024 · 80.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€241,944▲ 93.7%€335,556▲ 38.7%€478,440▲ 42.6%€235,590▼ 50.8%€236,619▲ 0.4%
Net result€178,509above the sector's middle half▲ 84.7%€259,557above the sector's middle half▲ 45.4%€343,610above the sector's middle half▲ 32.4%€195,524within the sector's middle half▼ 43.1%€193,669above the sector's middle half▼ 0.9%
Equity€783,763within the sector's middle half▼ 29.1%€1.0mwithin the sector's middle half▲ 33.1%€1.4mwithin the sector's middle half▲ 32.9%€982,454within the sector's middle half▼ 29.2%€656,122within the sector's middle half▼ 33.2%
Total assets€1.4mwithin the sector's middle half▲ 15.2%€1.5mwithin the sector's middle half▲ 2.3%€1.6mwithin the sector's middle half▲ 10.7%€1.2mwithin the sector's middle half▼ 24.0%€1.1mwithin the sector's middle half▼ 9.9%
Debt€638,586▲ 392%€411,400▼ 35.6%€223,257▼ 45.7%€242,067▲ 8.4%€447,341▲ 84.8%
Working capital-€172,861within the sector's middle half€33,714within the sector's middle half€435,885above the sector's middle half▲ 1,193%€89,901within the sector's middle half▼ 79.4%-€188,179within the sector's middle half
Solvency55.1%within the sector's middle half▼ 34.4pp71.7%within the sector's middle half▲ 16.6pp86.1%above the sector's middle half▲ 14.4pp80.2%above the sector's middle half▼ 5.9pp59.5%within the sector's middle half▼ 20.8pp
Current ratio0.72within the sector's middle half▼ 4.561.08within the sector's middle half▲ 0.363.06within the sector's middle half▲ 1.981.39within the sector's middle half▼ 1.670.58within the sector's middle half▼ 0.81
Return on assets (ROA)12.6%above the sector's middle half▲ 4.7pp17.8%above the sector's middle half▲ 5.3pp21.3%above the sector's middle half▲ 3.5pp16.0%above the sector's middle half▼ 5.4pp17.6%above the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€845,643 ▼ 6.3%
Current assets
€257,820 ▼ 20.0%
Equity and liabilities €1.1m
Equity
€656,122 ▼ 33.2%
Debt
€447,341 ▲ 84.8%
Debt's share of the balance-sheet total rises from 19.8% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
29.5%▲
2024 · 19.9%
Debt ≤ 1 year
€445,999▲
2024 · €232,436
Income taxes
€43,661▲
2024 · €35,587
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,493 | €56,200 | €61,203 | €60,572 | €60,576 | = |
| Other operating charges640/8 | €9,755 | €9,363 | €10,121 | €11,008 | €11,425 | ▲ 3.8% |
| Gross operating margin9900 | €293,192 | €401,119 | €549,763 | €307,170 | €308,620 | ▲ 0.5% |
| Operating profit (loss)9901 | €241,944 | €335,556 | €478,440 | €235,590 | €236,619 | ▲ 0.4% |
| Financial income75/76B | €6,007 | - | - | €5,273 | €1,126 | ▼ 78.6% |
| Recurring financial income75 | €6,007 | - | - | €5,273 | €1,126 | ▼ 78.6% |
| Financial charges65/66B | €4,021 | €9,698 | €15,235 | €9,752 | €416 | ▼ 95.7% |
| Recurring financial charges65 | €4,021 | €9,677 | €15,235 | €9,752 | €416 | ▼ 95.7% |
| Non-recurring financial charges66B | - | €21 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €243,930 | €325,858 | €463,204 | €231,111 | €237,329 | ▲ 2.7% |
| Income taxes67/77 | €65,421 | €66,300 | €119,595 | €35,587 | €43,661 | ▲ 22.7% |
| Profit (loss) for the period9904 | €178,509 | €259,557 | €343,610 | €195,524 | €193,669 | ▼ 0.9% |
| Transfer from tax-exempt reserves789 | - | €75,214 | €25,071 | - | €50,143 | - |
| Profit (loss) for the period to be appropriated9905 | €178,509 | €334,772 | €368,681 | €195,524 | €243,811 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.6m | €1.2m | €1.1m | ▼ 9.9% |
| Fixed assets21/28 | €976,506 | €1.0m | €962,756 | €902,184 | €845,643 | ▼ 6.3% |
| Tangible fixed assets22/27 | €976,506 | €1.0m | €962,756 | €902,184 | €845,643 | ▼ 6.3% |
| Land and buildings22 | €885,045 | €940,710 | €900,000 | €859,959 | €820,295 | ▼ 4.6% |
| Plant, machinery and equipment23 | €2,178 | €1,867 | €1,556 | €1,245 | €933 | ▼ 25.0% |
| Furniture and vehicles24 | €89,283 | €74,671 | €61,200 | €40,981 | €24,414 | ▼ 40.4% |
| Current assets29/58 | €445,843 | €437,473 | €647,431 | €322,337 | €257,820 | ▼ 20.0% |
| Amounts receivable within one year40/41 | €267,284 | €117,581 | €248,759 | €225,590 | €69,722 | ▼ 69.1% |
| Trade receivables40 | €98,794 | €93,866 | €248,744 | €188,491 | €59,032 | ▼ 68.7% |
| Other amounts receivable41 | €168,490 | €23,715 | €15 | €37,100 | €10,691 | ▼ 71.2% |
| Cash at bank and in hand54/58 | €173,314 | €319,892 | €398,672 | €96,746 | €188,098 | ▲ 94.4% |
| Deferred charges and accrued income490/1 | €5,244 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.6m | €1.2m | €1.1m | ▼ 9.9% |
| Equity10/15 | €783,763 | €1.0m | €1.4m | €982,454 | €656,122 | ▼ 33.2% |
| Contributions10/11 | €337,427 | €337,427 | €337,427 | €337,427 | €337,427 | = |
| Reserves13 | €446,336 | €705,893 | €1.0m | €645,027 | €318,695 | ▼ 50.6% |
| Non-distributable reserves130/1 | €33,743 | €33,743 | €33,743 | €33,743 | €33,743 | = |
| Reserves not available under the articles1311 | €33,743 | €33,743 | €33,743 | €33,743 | €33,743 | = |
| Tax-exempt reserves132 | €344,732 | €269,518 | €244,447 | €244,447 | €194,304 | ▼ 20.5% |
| Distributable reserves133 | €67,861 | €402,632 | €771,314 | €366,838 | €90,649 | ▼ 75.3% |
| Amounts payable17/49 | €638,586 | €411,400 | €223,257 | €242,067 | €447,341 | ▲ 84.8% |
| Amounts payable after more than one year17 | €19,882 | - | - | - | - | - |
| Financial debts170/4 | €19,882 | - | - | - | - | - |
| Amounts payable within one year42/48 | €618,704 | €403,759 | €211,546 | €232,436 | €445,999 | ▲ 91.9% |
| Current portion of amounts payable after more than one year42 | €51,711 | €19,882 | - | - | - | - |
| Trade debts44 | €2,430 | €68,539 | €16,905 | €12,797 | €23,969 | ▲ 87.3% |
| Suppliers440/4 | €2,430 | €68,539 | €16,905 | €12,797 | €23,969 | ▲ 87.3% |
| Taxes, remuneration and social security45 | €64,563 | €9,692 | €7,705 | €27,013 | €22,030 | ▼ 18.4% |
| Taxes450/3 | €64,563 | €9,692 | €7,705 | €27,013 | €22,030 | ▼ 18.4% |
| Other amounts payable47/48 | €500,000 | €305,646 | €186,936 | €192,627 | €400,000 | ▲ 108% |
| Accrued charges and deferred income492/3 | - | €7,641 | €11,711 | €9,631 | €1,342 | ▼ 86.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,509 | €259,557 | €343,610 | €195,524 | €193,669 | ▼ 0.9% |
| + Depreciation and write-downs630 | €41,493 | €56,200 | €61,203 | €60,572 | €60,576 | = |
| Operating cash flow (approximation) | €220,002 | €315,758 | €404,813 | €256,095 | €254,244 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€96,942 | -€6,711 | €0 | -€4,035 | - |
| Change in cash | - | €146,577 | €78,780 | -€301,926 | €91,351 | ▲ 130% |
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
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 19 days late
2023
31-12
Financial
Highest result since 2018net €343,610 ▲32.4%
Operating result €478,440, net result €343,610, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.06
Current ratio from 1.08 to 3.06; short-term debt falls from €403,759 to €211,546.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Equity above €1mEq €1.0m ▲33.1%
5 profitable years in a row build equity to €1.0m.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €96,655 ▼46.8%
Net result drops to €96,655, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3.34
Current ratio from 1.23 to 3.34; short-term debt falls from €751,789 to €141,661.
Show earlier events
31-12
Financial
Equity above €1mEq €1.0m ▲22%
2 profitable years in a row build equity to €1.0m.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 12 days late
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Schoten · 1 establishment unit since 2013
Ground area
3,551 m²
Building footprint
229 m²
Volume, LiDAR
1,510 m³
Parcel 11040D0382/00Z008, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Kelkro
since 20132.216.928.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0382/00Z008 | Flanders | 3,551 m² | 1 · 229 m² | 10.3 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 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,390 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 (pre-2019)
Founded25-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0503893422
Also
9925:BE0503893422
Registered
12-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.