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 €656k and a net result of €194k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 57% of 5527 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 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
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 →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€656k▼ 33.2%
2024 · €982k
2018: €827k
2019: €1.01M
2020: €1.11M
2021: €784k
2022: €1.04M
2023: €1.39M
2024: €982k
2018 → 2025
Net result
€194k▼ 0.9%
2024 · €196k
2018: €278k
2019: €182k
2020: €97k
2021: €179k
2022: €260k
2023: €344k
2024: €196k
2018 → 2025
Total assets
€1.10M▼ 9.9%
2024 · €1.22M
2018: €1.76M
2019: €1.28M
2020: €1.23M
2021: €1.42M
2022: €1.45M
2023: €1.61M
2024: €1.22M
2018 → 2025
Solvency
59.5%▼ 20.8pp
2024 · 80.2%
2018: 47.0%
2019: 79.1%
2020: 89.5%
2021: 55.1%
2022: 71.7%
2023: 86.1%
2024: 80.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€784k-€1.04M▲ 33.1%€1.39M▲ 32.9%€982k▼ 29.2%€656k▼ 33.2%
Operating result€242k-€336k▲ 38.7%€478k▲ 42.6%€236k▼ 50.8%€237k▲ 0.4%
Net result€179k-€260k▲ 45.4%€344k▲ 32.4%€196k▼ 43.1%€194k▼ 0.9%
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 €1.10M
Fixed assets
€846k ▼ 6.3%
Current assets
€258k ▼ 20.0%
Equity and liabilities €1.10M
Equity
€656k ▼ 33.2%
Debt
€447k ▲ 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%
ROA
17.6%▲
2024 · 16.0%
Debt ≤ 1 year
€446k▲
2024 · €232k
Income taxes
€44k▲
2024 · €36k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.22M€1.10M▼
Fixed assets21/28€902k€846k▼
Tangible fixed assets22/27€902k€846k▼
Land and buildings22€860k€820k▼
Plant, machinery and equipment23€1k€933▼
Furniture and vehicles24€41k€24k▼
Current assets29/58€322k€258k▼
Amounts receivable within one year40/41€226k€70k▼
Trade receivables40€188k€59k▼
Other amounts receivable41€37k€11k▼
Cash at bank and in hand54/58€97k€188k▲
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.10M▼
Equity10/15€982k€656k▼
Contributions10/11€337k€337k=
Reserves13€645k€319k▼
Non-distributable reserves130/1€34k€34k=
Reserves not available under the articles1311€34k€34k=
Tax-exempt reserves132€244k€194k▼
Distributable reserves133€367k€91k▼
Amounts payable17/49€242k€447k▲
Amounts payable within one year42/48€232k€446k▲
Trade debts44€13k€24k▲
Suppliers440/4€13k€24k▲
Taxes, remuneration and social security45€27k€22k▼
Taxes450/3€27k€22k▼
Other amounts payable47/48€193k€400k▲
Accrued charges and deferred income492/3€10k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€61k=
Other operating charges640/8€11k€11k▲
Gross operating margin9900€307k€309k▲
Operating profit (loss)9901€236k€237k▲
Financial income75/76B€5k€1k▼
Recurring financial income75€5k€1k▼
Financial charges65/66B€10k€416▼
Recurring financial charges65€10k€416▼
Profit (loss) for the period before taxes9903€231k€237k▲
Income taxes67/77€36k€44k▲
Profit (loss) for the period9904€196k€194k▼
Transfer from tax-exempt reserves789-€50k
Profit (loss) for the period to be appropriated9905€196k€244k▲
Appropriation of the result
Profit (loss) to be appropriated9906€196k€244k▲
Transfer from equity791/2€600k€276k▼
Transfer to equity691/2€196k-
To other reserves6921€196k-
Profit to be distributed694/7€600k€520k▼
Return on contributions (dividend)694€600k€520k▼
The notes to these accounts (5 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
01-07
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 €344k ▲32.4%
Operating result €478k, net result €344k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.06
Current ratio from 1.08 to 3.06; short-term debt falls from €404k to €212k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Equity above €1MEq €1.04M ▲33.1%
5 profitable years in a row build equity to €1.04M.
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 €97k ▼46.8%
Net result drops to €97k, 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 €752k to €142k.
Show earlier events
31-12
Financial
Equity above €1MEq €1.01M ▲22%
2 profitable years in a row build equity to €1.01M.
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.
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
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.
Taxanderlei 542900 SchotenGround 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.
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
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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VECATEX
BE 0439.634.682
Waregem · Eq €655,865
Van de Steen Consulting
BE 0548.705.640
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SATRA HOLDING
BE 0439.349.820
Sint-Niklaas · Eq €656,581
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,385 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.