KEMU
ActiveSummary
KEMU has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.7m and a net result of €56,554. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency84▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €750,000 at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.53 in 2024; short-term debt: 40.6% and cash: 0.1% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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
59.4%
Return on assets
0.3%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €10.7m
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
33 d early
2022
61 d early
2021
68 d early
2020
119 d late
2019
13 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 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 31 July (3 of the last 3 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Puurs-Sint-Amands, Arts, sports and recreation sector#1 company by equity in Puurs-Sint-Amands, Arts, sports and recreation sector#5 oldest company in Puurs-Sint-Amands, Arts, sports and recreation sector
Equity
€10.7m▲ 0.5%
2024 · €10.7m
Total assets
€18.1m▲ 9.0%
2024 · €16.6m
Net result
€56,554▼ 68.8%
2024 · €181,340
Working capital
-€3.4m▼ 25.7%
2024 · -€2.7m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€348,430▲ 164%€121,193▼ 65.2%€91,109▼ 24.8%€250,425▲ 175%€85,963▼ 65.7%
Net result€294,724above the sector's middle half▲ 124%€48,617within the sector's middle half▼ 83.5%€36,712within the sector's middle half▼ 24.5%€181,340above the sector's middle half▲ 394%€56,554within the sector's middle half▼ 68.8%
Equity€317,646within the sector's middle half▲ 1,286%€366,263within the sector's middle half▲ 15.3%€402,975within the sector's middle half▲ 10.0%€10.7mabove the sector's middle half▲ 2,550%€10.7mabove the sector's middle half▲ 0.5%
Total assets€5.1mabove the sector's middle half▼ 1.3%€5.8mabove the sector's middle half▲ 14.3%€11.1mabove the sector's middle half▲ 90.8%€16.6mabove the sector's middle half▲ 49.6%€18.1mabove the sector's middle half▲ 9.0%
Debt€4.8m▼ 7.0%€5.4m▲ 14.2%€10.7m▲ 96.2%€5.9m▼ 44.8%€7.3m▲ 24.3%
Working capital-€4.5mbelow the sector's middle half▲ 7.4%-€5.2mbelow the sector's middle half▼ 17.4%-€9.5mbelow the sector's middle half▼ 80.6%-€2.7mbelow the sector's middle half▲ 71.0%-€3.4mbelow the sector's middle half▼ 25.7%
Solvency6.3%within the sector's middle half▲ 5.8pp6.3%below the sector's middle half▲ 0.1pp3.6%below the sector's middle half▼ 2.7pp64.4%above the sector's middle half▲ 60.8pp59.4%within the sector's middle half▼ 5.0pp
Current ratio0.06below the sector's middle half=0.03below the sector's middle half▼ 0.030.11below the sector's middle half▲ 0.080.53below the sector's middle half▲ 0.420.53within the sector's middle half=
Return on assets (ROA)5.8%within the sector's middle half▲ 3.2pp0.8%within the sector's middle half▼ 5.0pp0.3%within the sector's middle half▼ 0.5pp1.1%within the sector's middle half▲ 0.8pp0.3%within the sector's middle half▼ 0.8pp
Staff (FTE)0.8below the sector's middle half1.6within the sector's middle half▲ 100%5.3within the sector's middle half▲ 231%
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +394% on 2023. The previous fiscal year ran 15 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.1m
Fixed assets
€14.2m ▲ 5.7%
Current assets
€3.9m ▲ 23.2%
Equity and liabilities €18.1m
Equity
€10.7m ▲ 0.5%
Debt
€7.3m ▲ 24.3%
Debt's share of the balance-sheet total rises from 35.6% to 40.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€632,026▼
2024 · €784,254
Cash flow
€602,616▼
2024 · €715,170
Quick ratio
0.28▼
2024 · 0.39
Debt to equity
0.68▲
2024 · 0.55
ROE
0.5%▼
2024 · 1.7%
Interest coverage
336.96▼
2024 · 1587.78
Debt ≤ 1 year
€7.3m▲
2024 · €5.9m
Income taxes
€27,554▼
2024 · €68,592
Staff costs
€265,293▲
2024 · €93,391
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €95 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €38,575 | €93,391 | €265,293 | ▲ 184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €170,379 | €172,817 | €402,050 | €533,829 | €546,063 | ▲ 2.3% |
| Other operating charges640/8 | - | €30,664 | €43,420 | €53,151 | €89,440 | ▲ 68.3% |
| Non-recurring operating charges66A | - | - | - | - | €15,563 | - |
| Gross operating margin9900 | €552,762 | €324,674 | €575,154 | €930,796 | €1.0m | ▲ 7.7% |
| Operating profit (loss)9901 | €348,430 | €121,193 | €91,109 | €250,425 | €85,963 | ▼ 65.7% |
| Financial income75/76B | - | €0 | €1 | €1 | €20 | ▲ 2,771% |
| Recurring financial income75 | €3,498 | €0 | €1 | €1 | €20 | ▲ 2,771% |
| Financial charges65/66B | - | €56,370 | €39,342 | €494 | €1,876 | ▲ 280% |
| Recurring financial charges65 | €261 | €56,370 | €39,342 | €494 | €1,876 | ▲ 280% |
| Profit (loss) for the period before taxes9903 | €351,668 | €64,822 | €51,768 | €249,932 | €84,108 | ▼ 66.3% |
| Income taxes67/77 | €56,943 | €16,206 | €15,056 | €68,592 | €27,554 | ▼ 59.8% |
| Profit (loss) for the period9904 | €294,724 | €48,617 | €36,712 | €181,340 | €56,554 | ▼ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €294,724 | €48,617 | €36,712 | €181,340 | €56,554 | ▼ 68.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.1m | €5.8m | €11.1m | €16.6m | €18.1m | ▲ 9.0% |
| Fixed assets21/28 | €4.8m | €5.6m | €9.9m | €13.4m | €14.2m | ▲ 5.7% |
| Tangible fixed assets22/27 | €4.8m | €5.6m | €9.9m | €13.4m | €14.1m | ▲ 5.2% |
| Land and buildings22 | - | €5.6m | €9.7m | €12.7m | €13.4m | ▲ 5.1% |
| Plant, machinery and equipment23 | - | €8,073 | €104,082 | €583,835 | €610,088 | ▲ 4.5% |
| Furniture and vehicles24 | - | €1,319 | €7,084 | €82,444 | €108,585 | ▲ 31.7% |
| Other tangible fixed assets26 | - | - | €13,500 | €13,500 | €13,500 | = |
| Financial fixed assets28 | - | - | - | €525 | €61,845 | ▲ 11,680% |
| Current assets29/58 | €274,131 | €175,476 | €1.2m | €3.1m | €3.9m | ▲ 23.2% |
| Stocks and contracts in progress3 | - | - | - | €868,396 | €1.9m | ▲ 114% |
| Stocks30/36 | - | - | - | €868,396 | €1.9m | ▲ 114% |
| Amounts receivable within one year40/41 | €142,036 | €171,017 | €48,619 | €201,201 | €2.0m | ▲ 885% |
| Trade receivables40 | - | €142,222 | €48,619 | €77,303 | €2.0m | ▲ 2,450% |
| Other amounts receivable41 | - | €28,794 | €0 | €123,899 | €9,507 | ▼ 92.3% |
| Cash at bank and in hand54/58 | €131,822 | €3,374 | €813,182 | €58,649 | €12,644 | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | €1,085 | €346,770 | €2.0m | €23,532 | ▼ 98.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.1m | €5.8m | €11.1m | €16.6m | €18.1m | ▲ 9.0% |
| Equity10/15 | €317,646 | €366,263 | €402,975 | €10.7m | €10.7m | ▲ 0.5% |
| Contributions10/11 | - | €18,550 | €18,550 | €10.1m | €10.1m | = |
| Reserves13 | €1,897 | €1,897 | €384,425 | €565,765 | €622,319 | ▲ 10.0% |
| Non-distributable reserves130/1 | - | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €0 | - | - | - |
| Distributable reserves133 | - | €42 | €384,425 | €565,765 | €622,319 | ▲ 10.0% |
| Profit (loss) carried forward14 | €297,199 | €345,816 | €0 | - | - | - |
| Amounts payable17/49 | €4.8m | €5.4m | €10.7m | €5.9m | €7.3m | ▲ 24.3% |
| Amounts payable within one year42/48 | €4.7m | €5.4m | €10.7m | €5.9m | €7.3m | ▲ 24.3% |
| Trade debts44 | €96,051 | €71,206 | €35,209 | €831,860 | €643,874 | ▼ 22.6% |
| Suppliers440/4 | - | €71,206 | €35,209 | €831,860 | €643,874 | ▼ 22.6% |
| Taxes, remuneration and social security45 | - | €40,269 | €541,751 | €59,326 | €180,676 | ▲ 205% |
| Taxes450/3 | - | €40,269 | €536,390 | €48,592 | €157,792 | ▲ 225% |
| Remuneration and social security454/9 | - | - | €5,361 | €10,734 | €22,885 | ▲ 113% |
| Other amounts payable47/48 | - | €5.3m | €10.1m | €5.0m | €6.5m | ▲ 30.0% |
| Accrued charges and deferred income492/3 | - | €24,550 | €33 | €0 | €358 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €294,724 | €48,617 | €36,712 | €181,340 | €56,554 | ▼ 68.8% |
| + Depreciation and write-downs630 | €170,379 | €172,817 | €402,050 | €533,829 | €546,063 | ▲ 2.3% |
| Operating cash flow (approximation) | €465,103 | €221,434 | €438,762 | €715,170 | €602,616 | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | -€998,362 | -€4.6m | -€4.1m | -€1.3m | ▲ 68.0% |
| Change in cash | - | -€128,448 | €809,808 | -€754,533 | -€46,005 | ▲ 93.9% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €10mEq €10.7m ▲2,550%
5 profitable years in a row build equity to €10.7m.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2019net €294,724 ▲124%
Operating result €348,430, net result €294,724, both a record.
30-09
Financial
Equity above €200,000Eq €317,646 ▲1,286%
2 profitable years in a row build equity to €317,646.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 119 days late
2020
30-09
Financial
Back to profitnet €131,783
Net result €131,783 after one loss-making year.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
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 11 acts read
About the unread acts
We know of 11 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
No directors read yet: 0 of 11 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Puurs-Sint-Amands · 1 establishment unit since 1998
Ground area
1.6 ha
Building footprint
3,686 m²
Volume, LiDAR
15,435 m³
Parcel 12030D0398/00D000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Essendries 41, 2870 Puurs-Sint-Amands
since 19982.089.373.367
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12030D0398/00D000 | Flanders | 1.6 ha | 1 · 3,686 m² | 8.9 m · 1 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 3,293 companies in this sector we hold annual accounts for 1,500. 257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464371860
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.