Kemat Services
ActiveThe computed 12-month bankruptcy probability of Kemat Services is 2.5% (moderate). The 2025 annual accounts show negative equity (€-55k) and a net result of €-43k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 2261 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency38▼-4
Growth32=
Stability100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 0.91 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-29.1%
Return on assets
-22.5%
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 →
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€55k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 9 filingsDeviation from the deadline
2025
26 d late
2024
1 d early
2023
55 d late
2022
on the day
2021
95 d late
2020
4 d late
2019
70 d late
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€319k
EBIT margin
4.9%
Net result
€-43k▼ 29.4%
2024 · €-33k
2018: €7k
2019: €-38k
2020: €3k
2021: €-16k
2022: €13k
2023: €27k
2024: €-33k
2018 → 2025
Working capital
€-66k▼ 165%
2024 · €-25k
2018: €16k
2019: €-20k
2020: €-13k
2021: €-29k
2022: €-11k
2023: €14k
2024: €-25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€319k
Equity€-20k-€-7k▲ 66.8%€20k€-12k€-55k▼ 343%
Operating result€-23k-€15k€48k▲ 213%€-29k€-32k▼ 11.4%
Net result€-16k-€13k€27k▲ 103%€-33k€-43k▼ 29.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2025 against €29k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€24k▼ 28.0%
Current assets
€165k▼ 31.1%
Key figures and ratios
EBITDA
€-23k▲
2024 · €-24k
Cash flow
€-33k▼
2024 · €-28k
Solvency
-29.1%▼
2024 · -4.6%
Current ratio
0.71▼
2024 · 0.91
Quick ratio
0.71▼
2024 · 0.91
Debt / equity
-4.43▲
2024 · -22.94
ROE
77.4%▼
2024 · 264.9%
ROA
-22.5%▼
2024 · -12.1%
Interest coverage
-2.16▲
2024 · -5.87
Debt
€244k▼
2024 · €285k
Debt ≤ 1 year
€231k▼
2024 · €264k
Debt > 1 year
€12k▼
2024 · €20k
Income taxes
€170▼
2024 · €207
Staff costs
€201k=
2024 · €200k
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€272k€189k▼
Fixed assets21/28€33k€24k▼
Tangible fixed assets22/27€33k€24k▼
Furniture and vehicles24€5k€3k▼
Leasing and similar rights25€28k€20k▼
Current assets29/58€240k€165k▼
Amounts receivable within one year40/41€237k€161k▼
Other amounts receivable41€237k€161k▼
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€272k€189k▼
Equity10/15€-12k€-55k▼
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-34k€-77k▼
Amounts payable17/49€285k€244k▼
Amounts payable after more than one year17€20k€12k▼
Financial debts170/4€20k€12k▼
Amounts payable within one year42/48€264k€231k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€140k€16k▼
Suppliers440/4€140k€16k▼
Taxes, remuneration and social security45€43k€34k▼
Taxes450/3€25k€12k▼
Remuneration and social security454/9€18k€22k▲
Other amounts payable47/48€74k€174k▲
Income statement
Code20242025
Remuneration, social security and pensions62€200k€201k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€4k€26k▲
Gross operating margin9900€180k€204k▲
Operating profit (loss)9901€-29k€-32k▼
Financial charges65/66B€4k€10k▲
Recurring financial charges65€4k€10k▲
Profit (loss) for the period before taxes9903€-33k€-42k▼
Income taxes67/77€207€170▼
Profit (loss) for the period9904€-33k€-43k▼
Profit (loss) for the period to be appropriated9905€-33k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-77k▼
Profit (loss) brought forward from the previous period14P€-2k€-34k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (6 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
31-12
Financial
Highest result since 2018net €27k ▲103%
Operating result €48k, net result €27k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 95 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 2 establishment units since 2016
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
2,416 m²
Building footprint
294 m²
Volume, LiDAR
3,356 m³
2 parcels, Brussels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Kemat Services
since 20162.256.099.442
Prinsenstraat 52, 1850 Grimbergen
since 20162.256.099.541
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0487/00R000 | Flanders | 2,342 m² | 1 · 220 m² | 15.3 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.
Similar companies · same sector, comparable size
Schäfer SB
BE 0419.627.542
Lummen · Eq €21k
WAW CONCEPT
BE 0691.886.053
Herve · Eq €20k
MIHA INTERNATIONAL TRADING
BE 0795.101.575
Brecht · Eq €20k
DISTRIFARM
BE 0453.917.735
Aubange · Eq €20k
on-dpat
BE 0417.079.214
Grimbergen · Eq €21k
Of 1,228 companies in sector 46851 we hold annual accounts for 515. 118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-08-2016
Fiscal year end31-12
Activities, NACEBEL
46851Wholesale of industrial chemicals
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.