KEMELS
ActiveKEMELS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €778k and a net result of €138k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+12
Solvency46▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.22 in 2024; short-term debt: 58.3% and cash: 10.1% of total assets), and 78.5% of the assets are financed with debt.
Credit advice 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
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 →
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
21.5%
Return on assets
3.8%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day 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
1 d late
2024
3 d late
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€778k▲ 21.6%
2024 · €640k
2019: €191k
2020: €294k
2021: €400k
2022: €503k
2023: €677k
2024: €640k
2019 → 2025
Total assets
€3.62M▼ 7.2%
2024 · €3.91M
2019: €2.54M
2020: €2.92M
2021: €3.64M
2022: €4.49M
2023: €4.12M
2024: €3.91M
2019 → 2025
Net result
€138k
2024 · €-37k
2019: €139k
2020: €103k
2021: €105k
2022: €104k
2023: €173k
2024: €-37k
2019 → 2025
Working capital
€733k▲ 26.8%
2024 · €578k
2019: €568k
2020: €539k
2021: €837k
2022: €669k
2023: €669k
2024: €578k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€400k-€503k▲ 26.0%€677k▲ 34.4%€640k▼ 5.5%€778k▲ 21.6%
Operating result€149k-€156k▲ 5.0%€269k▲ 72.3%€-11k€242k
Net result€105k-€104k▼ 1.5%€173k▲ 66.7%€-37k€138k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €242k after a loss of €11k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.62M
Fixed assets
€777k▲ 5.4%
Current assets
€2.85M▼ 10.1%
Equity and liabilities €3.62M
Equity
€778k▲ 21.6%
Debt
€2.85M▼ 12.8%
The debt ratio falls from 83.6% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€426k▲
2024 · €184k
Cash flow
€322k▲
2024 · €158k
Solvency
21.5%▲
2024 · 16.4%
Current ratio
1.35▲
2024 · 1.22
Quick ratio
1.04▲
2024 · 1.00
Debt / equity
3.66▼
2024 · 5.11
ROE
17.8%▲
2024 · -5.8%
ROA
3.8%▲
2024 · -0.9%
Interest coverage
7.76▲
2024 · 5.32
Debt
€2.85M▼
2024 · €3.27M
Debt ≤ 1 year
€2.11M▼
2024 · €2.59M
Debt > 1 year
€731k▲
2024 · €676k
Income taxes
€52k▲
2024 · €555
Staff costs
€225k▼
2024 · €289k
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€3.91M€3.62M▼
Fixed assets21/28€737k€777k▲
Intangible fixed assets21€9k€13k▲
Tangible fixed assets22/27€727k€762k▲
Land and buildings22€486k€419k▼
Plant, machinery and equipment23€156k€124k▼
Furniture and vehicles24€81k€217k▲
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€3.17M€2.85M▼
Stocks and contracts in progress3€572k€640k▲
Stocks30/36€572k€640k▲
Amounts receivable within one year40/41€1.94M€1.81M▼
Trade receivables40€1.69M€1.63M▼
Other amounts receivable41€246k€185k▼
Cash at bank and in hand54/58€659k€364k▼
Deferred charges and accrued income490/1-€30k
Equity and liabilities
Total equity and liabilities10/49€3.91M€3.62M▼
Equity10/15€640k€778k▲
Contributions10/11€97k€97k=
Reserves13€542k€681k▲
Distributable reserves133€542k€681k▲
Amounts payable17/49€3.27M€2.85M▼
Amounts payable after more than one year17€676k€731k▲
Financial debts170/4€571k€633k▲
Other amounts payable178/9€104k€99k▼
Amounts payable within one year42/48€2.59M€2.11M▼
Current portion of amounts payable after more than one year42€139k€114k▼
Financial debts43€339k€539k▲
Other loans439€339k€539k▲
Trade debts44€2.08M€1.42M▼
Suppliers440/4€2.08M€1.42M▼
Taxes, remuneration and social security45€32k€42k▲
Taxes450/3€2k€17k▲
Remuneration and social security454/9€30k€25k▼
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3-€450
Income statement
Code20242025
Remuneration, social security and pensions62€289k€225k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€184k▼
Other operating charges640/8€45k€45k▼
Non-recurring operating charges66A€507-
Gross operating margin9900€519k€696k▲
Operating profit (loss)9901€-11k€242k▲
Financial income75/76B€9k€3k▼
Recurring financial income75€5k€3k▼
Non-recurring financial income76B€4k-
Financial charges65/66B€35k€55k▲
Recurring financial charges65€35k€55k▲
Profit (loss) for the period before taxes9903€-37k€190k▲
Income taxes67/77€555€52k▲
Profit (loss) for the period9904€-37k€138k▲
Profit (loss) for the period to be appropriated9905€-37k€138k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€138k▲
Transfer from equity791/2€37k-
Transfer to equity691/2-€138k
To other reserves6921-€138k
Social balance
Average headcount (FTE)90875.14.1▼
The notes to these accounts (19 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
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
30-06
Financial
Back to profitnet €138k
Net result €138k after one loss-making year.
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 3 days late
2024
30-06
Financial
Weakest financial yearnet €-37k ▼121%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Highest result since 2019net €173k ▲66.7%
Operating result €269k, net result €173k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €500kEq €503k ▲26%
4 profitable years in a row build equity to €503k.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Equity above €200kEq €294k ▲54.1%
2 profitable years in a row build equity to €294k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
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
7 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, Tienen · 3 establishment units since 1993
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.
Vissenakenstraat 6123300 TienenGround area
5.8 ha
Building footprint
1,159 m²
Volume, LiDAR
8,357 m³
3 parcels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
Vissenakenstraat 612, 3300 Tienen
since 19932.062.326.205
Kemels
since 20142.231.352.069
Kemels
since 20142.231.352.168
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24057F0331/00A000indicative | Flanders | 5.4 ha | - | - |
| 24113B0036/00M000 | Flanders | 2,472 m² | 1 · 887 m² | 13.7 m · 2 fl. |
| 24057C0213/00T000 | Flanders | 775 m² | 1 · 272 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,155 EUR awarded · 831 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,155 EUR | 831 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesTienen2.062.326.205
Tienen2.231.352.168
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Of 689 companies in sector 46216 we hold annual accounts for 476. 399 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-1993
Fiscal year end30-06
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.