KEMAT
ActiveSummary
KEMAT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.76M and a net result of €841k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
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
Profitability66▲+47
Solvency59▼-14
Growth63▲+12
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 2.02 in 2024; short-term debt: 63.5% and cash: 4.3% of total assets), but 65.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
34.1%
Return on assets
5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
39 d late
2023
75 d late
2022
276 d late
2021
95 d late
2020
82 d late
2019
84 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, full schema
Turnover
€14.99M▼ 20.9%
2024 · €18.96M
2018: €14.53M
2019: €15.16M
2020: €15.18M
2021: €21.63M
2022: €24.51M
2023: €17.31M
2024: €18.96M
2018 → 2025
EBIT margin
8.2%▲ 7.5pp
2024 · 0.6%
2018: 0.8%
2019: -0.2%
2020: 1.1%
2021: 6.0%
2022: 4.5%
2023: 3.4%
2024: 0.6%
2018 → 2025
Net result
€841k
2024 · €-451k
2018: €16k
2019: €-32k
2020: €82k
2021: €764k
2022: €767k
2023: €56k
2024: €-451k
2018 → 2025
Working capital
€6.08M▲ 10.7%
2024 · €5.49M
2018: €3.73M
2019: €4.34M
2020: €4.24M
2021: €4.47M
2022: €5.87M
2023: €5.98M
2024: €5.49M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.63M-€24.51M▲ 13.3%€17.31M▼ 29.4%€18.96M▲ 9.5%€14.99M▼ 20.9%
Equity€4.85M-€5.61M▲ 15.8%€5.67M▲ 1.0%€5.22M▼ 8.0%€5.76M▲ 10.4%
Operating result€1.29M-€1.11M▼ 13.9%€589k▼ 46.8%€120k▼ 79.6%€1.22M▲ 919%
Net result€764k-€767k▲ 0.3%€56k▼ 92.7%€-451k€841k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 919% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.87M
Fixed assets
€85k ▲ 37.1%
Current assets
€16.78M ▲ 54.2%
Equity and liabilities €16.87M
Equity
€5.76M ▲ 10.4%
Debt
€11.11M ▲ 94.0%
Debt's share of the balance-sheet total rises from 52.3% to 65.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.24M▲
2024 · €137k
Cash flow
€854k▲
2024 · €-435k
Current ratio
1.57▼
2024 · 2.02
Quick ratio
0.92▼
2024 · 1.64
Debt to equity
1.93▲
2024 · 1.10
ROE
14.6%▲
2024 · -8.6%
ROA
5.0%▲
2024 · -4.1%
Interest coverage
5.63▲
2024 · 0.37
Debt ≤ 1 year
€10.70M▲
2024 · €5.39M
Debt > 1 year
€217k▼
2024 · €237k
Income taxes
€50k
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 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.94M€16.87M▲
Fixed assets21/28€62k€85k▲
Tangible fixed assets22/27€36k€59k▲
Plant, machinery and equipment23€16k€12k▼
Furniture and vehicles24€9k€38k▲
Other tangible fixed assets26€10k€9k▼
Financial fixed assets28€26k€26k=
Other financial fixed assets284/8€26k€26k=
Amounts receivable and cash guarantees285/8€26k€26k=
Current assets29/58€10.88M€16.78M▲
Amounts receivable after more than one year29€218k€218k=
Other amounts receivable291€218k€218k=
Stocks and contracts in progress3€2.05M€6.94M▲
Stocks30/36€2.05M€6.94M▲
Goods purchased for resale34€2.05M€6.94M▲
Amounts receivable within one year40/41€8.17M€8.85M▲
Trade receivables40€1.88M€5.67M▲
Other amounts receivable41€6.29M€3.18M▼
Cash at bank and in hand54/58€399k€727k▲
Deferred charges and accrued income490/1€48k€50k▲
Equity and liabilities
Total equity and liabilities10/49€10.94M€16.87M▲
Equity10/15€5.22M€5.76M▲
Contributions10/11€82k€82k=
Capital10€82k€82k=
Issued capital100€82k€82k=
Reserves13€5.14M€5.68M▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€5.13M€5.67M▲
Amounts payable17/49€5.72M€11.11M▲
Amounts payable after more than one year17€237k€217k▼
Financial debts170/4€12k€7k▼
Credit institutions173€12k€7k▼
Other amounts payable178/9€225k€210k▼
Amounts payable within one year42/48€5.39M€10.70M▲
Current portion of amounts payable after more than one year42€30k€35k▲
Financial debts43€3.83M€4.60M▲
Credit institutions430/8€3.83M€4.60M▲
Trade debts44€1.50M€5.14M▲
Suppliers440/4€1.50M€5.14M▲
Taxes, remuneration and social security45€24k€113k▲
Taxes450/3€24k€113k▲
Other amounts payable47/48-€818k
Accrued charges and deferred income492/3€95k€186k▲
Income statement
Code20242025
Operating income70/76A€18.96M€14.99M▼
Turnover70€18.96M€14.99M▼
Operating charges60/66A€18.84M€13.77M▼
Goods for resale, raw materials and consumables60€17.09M€11.61M▼
Purchases600/8€14.74M€16.54M▲
Change in stocks: decrease (increase)609€2.35M€-4.93M▼
Services and other goods61€1.69M€1.89M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€14k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€44k▲
Other operating charges640/8€29k€205k▲
Operating profit (loss)9901€120k€1.22M▲
Financial income75/76B€469k€192k▼
Recurring financial income75€469k€192k▼
Income from current assets751€12k€16k▲
Other financial income752/9€458k€177k▼
Financial charges65/66B€1.04M€526k▼
Recurring financial charges65€1.04M€526k▼
Debt charges650€366k€220k▼
Other financial charges652/9€674k€306k▼
Profit (loss) for the period before taxes9903€-451k€891k▲
Income taxes67/77-€50k
Taxes670/3-€50k
Profit (loss) for the period9904€-451k€841k▲
Profit (loss) for the period to be appropriated9905€-451k€841k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-451k€841k▲
Transfer from equity791/2€451k-
From reserves792€451k-
Transfer to equity691/2-€541k
To other reserves6921-€541k
Profit to be distributed694/7-€300k
Directors or managers695-€300k
The notes to these accounts (41 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €841k
Net result €841k after one loss-making year.
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 39 days late
2024
31-12
Financial
Weakest financial yearnet €-451k ▼910%
Net result drops to €-451k, the lowest in the series; recovery starts the following year.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 75 days late
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 276 days late
2022
31-12
Financial
Equity above €5MEq €5.61M ▲15.8%
3 profitable years in a row build equity to €5.61M.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 95 days late
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 82 days late
2020
31-12
Financial
Back to profitnet €82k
Net result €82k after one loss-making year.
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 84 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Brussel · 2 establishment units since 1989
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.
Zavelput 71000 BrusselGround area
1,436 m²
Building footprint
1,155 m²
Volume, LiDAR
14,119 m³
2 parcels, Brussels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
KEMAT
since 19892.042.135.456
Stadsheimelijkheid 1, 2800 Mechelen
since 20162.255.476.266
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025A0762/00Z000 | Flanders | 1,362 m² | 1 · 1,081 m² | 16.7 m · 4 fl. |
| 21803C0402/00D000 | Brussels | 74 m² | 1 · 74 m² | 18.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300628NXGS6N5N843
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WESTFALEN
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Of 1,228 companies in sector 46851 we hold annual accounts for 516. 283 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 formPublic limited company
Founded25-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.